News

U.S. legislators have proposed a discussion draft that aims to reduce the tax burden on ordinary cryptocurrency users by exempting capital gains tax on small stablecoin transactions, including a $200 tax exemption for stablecoin payments, and providing new deferral options for staking and mining rewards. According to the draft, if the stablecoin is issued by an issuer approved under the GENIUS Act, pegged to the US dollar, and the transaction price remains within a narrow range around $1, then users do not need to recognize gains or losses for transaction amounts not exceeding $200.

Foresight News reported, citing Tech in Asia, that Citigroup has updated its outlook on digital asset stocks following the recent sharp decline in the cryptocurrency market. The analyst team stated that despite significant volatility in cryptocurrency prices, they remain optimistic about the industry. The analysis report maintains a target price of $243 for a certain exchange, while the exchange's closing price this Friday was only $86.13.

ChainCatcher News, according to monitoring by HyperInsight, Huang Licheng has increased his long positions in ETH and HYPE over the past 6 hours. The current positions are as follows: ETH long position of $16.6 million, opening price $2,944.04, liquidation price $2,813.72, unrealized profit of $220,000; BTC long position of $1.5 million, opening price $88,283.5, liquidation price $32,842; HYPE long position of $630,000, opening price $24.1139.