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Crypto Daily Report – August 6

Aug 6, 2021
body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; Most Important Daily Data and News for Digital Assets Crypto Daily ReportThe Most Important Daily Data for Digital Assets Daily Analysis from FSInsightAugust 6, 2021At the time of writing, the total crypto market is up 5.6% over the past 24 hours with Bitcoin leading Ethereum, up 7.8% and 6.0% respectively. Since yesterday, under the newly implemented EIP-1559 4,715 ETH (approx. $13M) have been removed from circulation - the benefit of which is accruing to all ETH holders.On Thursday, Senator Portman and Senator Warner proposed a new crypto-related amendment to the infrastructure bill. The new amendment is aimed at the Wyden-Lummis-Toomey amendment and retightens the broker definition to only exclude Proof-of-Work miners and wallet hardware and software developers. In an unexpected move late Thursday, the Biden Administration came out in support of the Portman-Warner amendment concerning many in the crypto community. The Senate has also pushed back the bill's vote to Saturday to give both sides additional time to make their case. The $1.2Tn bipartisan infrastructure bill is now being held up by the crypto-related clauses concerning $28Bn in potential tax revenue.Af

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