4. Hong Kong investment in virtual assets will not be subject to capital gains tax
5. Pixelverse will launch PIXFI tokens on TON with a total supply of 5 billion
6. MarbleX and Netmarble Launch $20 Million Ecosystem Promotion Plan
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Cointime June 29th News Express
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How Crypto Could Help Open-Source AI Reach Its Potential
The impact of artificial intelligence (AI) is being felt across various sectors, including drug discovery, workforce productivity, and personalized content on streaming platforms like Netflix. Experts predict that the AI industry will grow by 40% annually and reach a trillion-dollar market by 2030, potentially transforming industries on an unprecedented scale. The use of cryptocurrency could play a crucial role in enabling open-source AI to overcome current limitations and reach its full potential. -
ECB board member Patsalides warns Trump's tariff plan could lead to stagflation in Europe
Christodoulos Patsalides, a member of the European Central Bank's board, warns that if US President-elect Donald Trump follows through on his threatened trade tariffs, the European economy could ultimately fall into stagflation. "Trade tensions are escalating," said the Cyprus Central Bank governor on Thursday in Nicosia. "If trade restrictions become a reality, the outcome could be inflation, economic recession, or worse, stagflation." He said that although there is room for further lowering of borrowing costs, it should be done "at a stable pace and magnitude." -
Bankless Co-founder: The market has entered the beginning of the second half of the crypto bull market
Ryan Sean Adams, co-founder of Bankless, posted on X platform stating that the current market has entered the beginning stage of the second half of the crypto bull market. -
Elon Musk appointed by Trump to lead advisory board on government efficiency and restructuring
President-elect Donald Trump has appointed Elon Musk and Ramaswamy to lead an advisory board called the "Department of Government Efficiency." The board aims to reduce government bureaucracy, cut wasteful spending, and restructure federal agencies. Rep. Marjorie Taylor Greene will chair a House subcommittee on "DOGE" to recommend executive actions to reduce waste and provide savings for taxpayers. Musk and Ramaswamy are reportedly creating a smartphone app for Americans to file taxes for free, causing shares of tax filing services H&R Block and Intuit to drop. However, the commission has received criticism from Senator Elizabeth Warren. -
Curve: Market leverage demand surged after Trump's election, and protocol revenue grew rapidly
On November 21st, Curve Finance stated that the crypto industry has experienced a large-scale increase after Trump recently won the US election. Key stocks such as MSTR and COIN have been reevaluated, and Bitcoin has approached the $100,000 mark. The demand for leverage has led to an increase in DAO's weekly income, rising from an average of $268,000 before Trump took office to $581,000 in the past week. Currently, the annual income allocated to veCRV holders is approximately $31 million, not including income from participating in voting incentives. As of today, including voting incentive bonuses, DAO has accumulated $554 million. -
Paypal: There is a problem with the system at present, which may affect multiple products
Paypal: Currently experiencing system issues that may affect multiple products; Merchants may be facing a higher number of errors. -
Jupiter Lianchuang: Bitcoins held by WBTC should not be used for other purposes, and BitGo should clarify community doubts
Jupiter co-founder meow published a "Letter to the New and Old Custodians of WBTC" on social media, stating that "Bitgo was chosen as a partner when the WBTC project started a few years ago because we believe that it is most critical to have a partner who is fully focused on custody to keep Bitcoin." "But the most important thing is that under no circumstances should the Bitcoin behind WBTC be used for any purpose. I do not intend to make any judgments about Bitgo, they have indeed been an excellent custodian so far, and I believe they have the best intentions."Meow believes that it is crucial for WBTC, the entire DeFi ecosystem, and Bitgo/Bitglobal to clarify a few things immediately: 1. Who exactly is part of the multi-signature holding BTC? 2. Will BTC be used for any purpose? 3. What are the benefits of this cooperation for both parties, and is it beneficial for TRON to adopt WBTC? 4. How exactly does cross-jurisdiction help? 5. Is it possible to have a very respected independent party join the multi-signature group and act as both a communicator and a signer?" -
Cointime August 10th News Express
1. The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs -
Jupiter Lianchuang: In the future, the team will focus on more powerful monitoring, optimization and completing some new experiments
Jupiter stated in a post on X: "We are sorry that our platform did not operate according to the high standards we set for ourselves. The team will work hard in the coming weeks to address these issues." -
Trump pledges to fire SEC Chair Gary Gensler ‘on day one’ if reelected
The Republican candidate laid out a plan for crypto policies should he win in November against prospective Democratic presidential nominee Kamala Harris.
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Uniswap Labs, UNI holders could make $468M a year from new L2: DeFi Report
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$500M Bitcoin Buried in Landfill: Man Sues City After Decade-Long Battle for Recovery
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Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs
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Why is Solana's Dogwifhat (WIF) memecoin crashing?
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