Red Carpets & Tax Breaks 💸🎥

From Trump’s $133K tax gifts to crypto’s Cannes glow-up.

Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.

What we’ll cover today:

💸 Why Trump's "One Big Beautiful Bill" is a jackpot for the top 1%

🎬 Ethereum’s Cannes takeover and Robinhood’s tokenized stock flex

📈 ETH rallies, institutions double down, and Solana watches from the sidelines

Source : The Economic Times

President Trump signed a tax bill giving huge cuts to America’s wealthiest. Wyoming, Texas, and South Dakota win big.

🚨Breaking News:
The top 1% could get over $100,000 in tax cuts, while safety net programs like Medicaid and food stamps take a hit.

⚡Wire Simplified:

  • Top 1% in Wyoming may save $133K/year on taxes

  • Bill mostly helps people making over $900K a year

  • States with no income tax (like TX, SD) benefit most

  • Poorer households get tiny cuts, if any

  • Programs like Medicaid will lose billions in funding

✔️Straight to the Point:
The rich get richer, especially in red states. The poor? They might end up worse off with fewer benefits and smaller tax breaks.

🎤 Do you think this bill helps or hurts the country overall?

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Source : CNBC

At the Ethereum Community Conference (EthCC) in Cannes, crypto giants like Robinhood and Circle flexed Ethereum’s growing role in finance.

🚨Breaking News:
Robinhood launched tokenized stocks on Ethereum. Big banks and governments joined the party. ETH rallied, Cannes glowed.

⚡Wire Simplified:

  • Ethereum now powers tokenized stocks (thanks Robinhood)

  • Deutsche Bank, BlackRock, and others are building on it

  • ETH is attracting long-term institutional investors

  • Cannes conference showed Ethereum's glow-up from nerdy to necessary

  • Even Vitalik said it, Ethereum’s boring stability is what wins trust

✔️Straight to the Point:
Ethereum's not just a hype coin. It's becoming finance’s quiet backbone. Cannes gave it glam, but the work is real.

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