Tam Zamanli Baba (tamzamanlibaba)

The company’s total net revenue saw a 40% increase year-over-year, reaching $618 million. Transaction-based revenues climbed 59% to $329 million.

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This ongoing congestion stems from continued strong activity across financial transfers, Ordinal inscriptions, and Runes protocol engagements. Although a record high of over 927,000 transactions was confirmed on April 23, the daily transaction confirmation rate has since adjusted to between 400,000 and 700,000.

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The news arrives as Prime Minister and his party aim to raise capital gains taxes.Media coverage primarily highlights that this hike targets anyone, $183K in annual gains will be impacted.

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Bitcoin is facing challenges on Thursday, with its price declining 1.9% over the past 24 hours. However, despite this downturn, BTC has seen a 4.8% increase over the past week.

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