
Commissioners in the second-most populous US county have green-lit large payments to residents who are struggling to make ends meet. The Board of Commissioners in Cook County, Illinois has approved a program that will send $1,000 payments to selected households battling elevated property taxes amid a “substantial increase” in tax bills in recent years. The Cook County Homeowner Relief Fund’s application process is expected to be launched in the summer. “In order to be eligible, households must have an income at or below 100 percent of the Area Median Income for their respective household size. Under these guidelines, for example, a four-person household making $119,900 or less would be eligible. Applicants must have also seen their property tax bill increase by at least 50 percent in any year since the 2021 tax year.” The program, known as the Cook County Homeowner Relief Fund, has a total budget of $15 million. The homeowner relief fund, however, would reportedly cost $1.4 million to run, leaving $13.6 million to be distributed. Public hearings were held with property owners beginning in September of 2024, before the approval of the Cook County Homeowner Relief Fund. According to Commissioner Bridget Gainer, the problem of ballooning property taxes in the Illinois county is severe. “Property taxes are rising faster than homeowners’ ability to pay, forcing people to leave neighborhoods they love and undermining the best ability to build wealth – home ownership.” The president of the Cook County Board, Toni Preckwinkle, says offering one-time payments to help in paying property taxes is, however, a stopgap measure while the leadership pursues a long-term solution. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post $13,600,000 To Be Handed To Residents in Major US County As Leaders Approve Massive One-Time Payments for Households appeared first on The Daily Hodl .
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FARTCOIN Returns to Top 100 Alts After 10% Surge, BTC Stays Calm at $85K (Weekend Watch)

Bitcoin’s underwhelming price actions as of late continued on Saturday and early Sunday as the asset stands close to $85,000 without making a big move in either direction. The larger-cap alts are also quite sluggish on a daily scale, with ETH slightly below $1,600 and XRP down by around 1%. BTC Consolidation Continues The past seven days went entirely differently from the previous week. Back then, BTC went through a massive five-digit price rollercoaster. However, it finally calmed after the tariff pause announced by Trump for most countries and remained in a tight range for the entire week. After it bounced above $82,000 last weekend, the asset went to a local peak of just over $86,000 on a couple of occasions but to no avail. Just the opposite, it was pushed back down to $83,000 both times. Since then, the cryptocurrency has traded within an even smaller range between $84,000 and $85,500. It now stands approximately in the middle of it, with many industry experts suggesting a breakout is just around the corner. For now, though, BTC’s market cap has retraced to $1.680 trillion on CoinGecko, while its dominance over the alts has taken a slight hit and is down to 60.7%. BTCUSD. Source: TradingView FARTCOIN Is Back Most larger-cap alts have failed to post any significant moves in the past day. Minor losses are coming from ETH, XRP, DOGE, and ADA, while SOL is slightly in the green. More interesting price developments come from the mid- and lower-cap alts. FARTCOIN has stolen the show and returned to the top 100 alts by market cap after a 10% surge. FET follows suit, gaining 9%, and TAO is net (8.5%). The cumulative market cap of all crypto assets has remained at the same level it has been in the past several days, at $2.770 trillion on CG. Cryptocurrency Market Overview. Source: Coin360 The post FARTCOIN Returns to Top 100 Alts After 10% Surge, BTC Stays Calm at $85K (Weekend Watch) appeared first on CryptoPotato . The Daily Hodl

Stablecoins Signal Risk-Off Shift Amid Slowing Supply Growth
For a long time, stablecoins have been the backbone of the digital asset ecosystem. They are essential to crypto’s liquidity landscape, providing the sorts of dollar-pegged assets that facilitate trades and offer safety in otherwise volatile markets. But of late, they’ve been looking a bit less stable—and for a few pretty plausible reasons. #Stablecoin supply growth remains positive but has softened in recent weeks. As stablecoins serve as core quote assets across crypto markets, this slowdown adds further evidence of a broad contraction in digital asset liquidity and a more risk-off environment. pic.twitter.com/2ccBnwsSzp — glassnode (@glassnode) April 17, 2025 As almost every crypto exchange and trading pair, stablecoins like USDT, USDC, and DAI, have core quote assets. These assets signal capital movement and sentiment. When the supply of these assets is rising, it almost always indicates that an influx of fresh capital is coming into the space and is ready to be deployed into some of the riskier assets. At times when capital isn’t flowing into the forced reserve stablecoins, we can assume that investors are either pulling capital from the space or sitting in the space waiting for clearer market signals. The recent slowdown in stablecoin supply expansion, while subtle, is adding to accumulating signs that the wider crypto market might be entering a more prudent phase. After a year that was 2024—speculatively by the main meme coin manias, AI token rallies, and a deluge of fresh on-chain projects—that part of the crypto world seemed more like the deep, blue sea than the promising surf zone. And this is not to even mention at the turn from late 2024 into early 2025 and what might happen to crypto price action and trading volume if the Fed persistently keeps interest rates high. #Stablecoin transaction volume surpassed Visa`s payment volume for the first time in 2024 in 2024, according to reports. pic.twitter.com/qLJH5Lg5iH — Christiaan (@ChristiaanDefi) April 17, 2025 Stablecoins Outpace Visa in Transaction Volume Even with this growth slowdown, stablecoins’ influence in international finance appears to be gaining. Reports suggest that, for the first time ever, stablecoins cleared more in payments than the Visa network does in a year. That’s quite a milestone for an asset class that many in traditional finance still view as a bit of a wild child. But what’s happening here isn’t just a crypto thing. This is also about transactions based on U.S. dollars, and stablecoins clearing payment volumes in a dollar-dominated world. Tether (USDT) has seen a 13% increase in users in Q1 2025, showcasing its role as a key financial tool in developing countries facing economic challenges. More info https://t.co/S5T6AnqxoQ #Crypto #Investment #USDT #Stablecoin #Finance — Cobak (@CobakOfficial) April 15, 2025 Fast, low-cost and borderless transactions—that’s what you get with stablecoins. This makes them a not-so-secret weapon for not just traders but also businesses, remittance platforms, and individuals wandering through the financial desert of unstable monetary policy. These dollar-backed digital currencies are part of a shift that threatens to take a huge bite out of the payment systems operated by traditional banking giants. Among all stablecoins, Tether (USDT) remains the forerunner in adoption. In the first quarter of 2025, USDT had a user base that increased by 13%—that is, a significant leap that indicates growing usefulness in the very sort of places where its sort of decentralized functionality is most desired: developing nations. Those from the developed world who are poor and who are told they might as well stay poor are increasingly using Tether to shield themselves and their families from the sorts of things that make a currency unstable, inflation guaranteed, and financial system collapse all but certain. The expanding utility places stablecoins at a unique intersection of the crypto innovation and real-world financial resilience. While the speculative use cases may ebb and flow, the demand for stable, accessible, and censorship-resistant money remains persistently strong, especially in places where conventional finance fails. But, the macroeconomic headwinds we encounter don’t just blow against stablecoins; they blow against the whole crypto market and the whole economy. A sustained recession or series of negative quarter-on-quarter GDP reports (which can sometimes happen) can lead to memories of the Great Depression. These are waters the whole crypto market is trying not to tread. The worry among stablecoin issuers is that regulators may restrict the amount of cash that can back a stablecoin. However, a recent report from the International Monetary Fund notes that funds held at banks may not be enough to back all the stablecoins in circulation. If that’s the case, stablecoins are at another near-death experience. However, at present, stablecoins exemplify how crypto can shake up and make financial systems more accessible. Stablecoins were in the Digital Dollar 1.0 phase. They now meditate on what the next phase looks like. That is why they are here, reading from the same hymnal but acknowledging in their different ways that the agenda must change. In the coming year, the market will be observing intently to determine if the ascent of the stablecoin supply will once again gather steam—or if this most recent cool-off is a sign of a much longer withdrawal stretching over the whole crypto realm. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! The Daily Hodl