South African Tax Agency Incorporates Cryptocurrency into Its Compliance Program
Golden Finance reported that the South African Revenue Service (SARS) announced that it will include cryptocurrency assets in its compliance plan. The revenue service is seeking information on cryptocurrency users from the Financial Sector Conduct Authority (FSCA) and cryptocurrency service providers.
QCP Capital: Market macro sentiment improves and remains optimistic before the end of the year
QCP Capital's latest report points out that it still maintains a constructive and optimistic attitude before the end of the year. A particularly encouraging factor is that the market has been digesting various "supply shocks" news of BTC and ETH this week. Even after Jump's round of canceling pledges and selling ETH, the market rebounded. And the following comments were made on the market this week:The current market macro sentiment has improved, the slowdown of US inflation has boosted market confidence, and pushed the stock market back to historical highs. The continued interest rate cuts by major central banks such as the Reserve Bank of New Zealand have strengthened the global monetary easing trend;The market is still concerned about the selling pressure that the US government's address may bring, and the US government has transferred 10,000 BTC (about 591 million US dollars) related to the Silk Road law enforcement operation to the Coinbase wallet. Although the sale has not been confirmed, the market is still vigilant about the remaining more than 200,000 BTC and other encrypted assets in the wallet;Elon Musk did not discuss cryptocurrency at all in his 2-hour interview with Donald Trump, which disappointed the market.
Germany's Federal Office for Information Security recommends using hardware wallets to avoid cryptocurrency theft
The Federal Office for Information Security (BSI) in Germany recommends that cryptocurrency users use hardware wallets to protect their digital assets.
About 5 hours ago, an address lost $69,000 due to phishing
August 10th news, according to Scam Sniffer monitoring, about 5 hours ago, an address lost $69,154 due to signing off on "approved" online phishing transactions.
ZachXBT: Suspected insiders made $3.8 million in profits on RTR
On August 10th, Chain Detective ZachXBT posted on social media that 4 addresses made a profit of $3.8 million in the RTR sell-off, with the 9G1ELG and GHoW2 addresses belonging to the same person and receiving 500 SOL in new funds within minutes after the TGE. Previously, it was reported that Restore The Republic (RTR) had its TGE on the evening of August 8th, with rumors circulating in the community that it was related to a new project by the Trump family. The RTR token reached a high of $0.156 on August 9th at midnight. Afterwards, Eric Trump, the current Executive Vice President of the Trump Organization and son of Donald Trump, warned on social media to "be careful of false tokens" and that the only official Trump project has yet to be announced and will be announced on Twitter first. After the statement was released, RTR quickly dropped by about 95%, with a trading volume of $164 million within just 15 hours of its creation.
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
The US Internal Revenue Service (IRS) released an updated draft version of tax form 1099-DA for cryptocurrency brokers and investors to report certain transaction income. The public has 30 days to provide feedback to the IRS on this version. Starting in 2026, cryptocurrency investors who use brokers (currently mainly Coinbase and Kraken, among others) will receive 1099-DAs from these brokers to report certain cryptocurrency sales and trades as taxable events to the IRS. IRS officials say this form will "bring more convenience and clarity" to users who pay US cryptocurrency taxes.
Bloomberg: Crypto industry executives plan to meet with White House advisers next week to propose policy changes for the next administration
According to Bloomberg, informed sources revealed that executives from the cryptocurrency industry plan to meet with White House aides and Congressman Ro Khanna next week to discuss concerns about digital assets and propose policy changes for the next administration. The anonymous source, who did not want to be named because the meeting is private, said that outgoing White House senior adviser Anita Dunn, National Economic Adviser Lael Brainard, and Deputy Chief of Staff Bruce Reed are expected to attend the meeting.This will be at least the second recent meeting between the cryptocurrency industry and White House officials, following a roundtable meeting in July attended by executives from companies such as Ripple and Coinbase Global Inc. as well as Dunn and California Democrat Khanna.
73% of US crypto holders plan to consider candidates’ stance on crypto in presidential vote
According to a preview of Gemini's 2024 cryptocurrency status survey, one-fifth of surveyed Americans own cryptocurrency. The survey also showed that among Americans who own cryptocurrency, 73% of them "plan to consider candidates' positions on cryptocurrency when voting for the next US president".
ONDO early investors deposited 1.33 million ONDO on Bybit 11 hours ago
According to The Data Nerd, 11 hours ago, early investors of ONDO deposited 1.33 million ONDO tokens (worth $1.33 million) into Bybit. These tokens were accumulated over the past 4 months.
An early whale transferred the first 2 trillion MOG to CEX
According to Spot On Chain monitoring, the early whale "arthurgayes.eth" transferred the first batch of 2 trillion MOG (worth $4.41 million) to Bybit and Gateio 7 hours before the price skyrocketed. This whale purchased 826 trillion MOG with only 251,000 USDC between September and October 2023, and still holds 626 trillion MOG (approximately $14 million) in 3 wallets, with an estimated total profit of $18.1 million.
