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Ethereum (ETH) rebounded above $2,200, gaining over 6% in 24 hours. Key indicators suggest a potential shift in momentum, with $3,000 in sight if bullish pressure continues.
Quick Take The Liberal Democratic Party seeks to categorize cryptocurrency under the Financial Instruments and Exchange Act and introduce a separate tax rate of 20%, akin to that applied to securities investments. Japan currently imposes taxes of up to 55% on crypto gains as cryptocurrency is classified as miscellaneous income.
Quick Take Argentine federal prosecutor Eduardo Taiano is seeking to freeze assets exceeding $110 million linked to the Libra memecoin scandal The scandal has drawn attention due to its alleged connection to President Javier Milei.
Quick Take RedStone has launched the RED token on Ethereum, with 10% of its total 1 billion supply allocated to the community through claim activities. Stakers will initially earn rewards in RED, with future potential for other assets like ETH, BTC, SOL and USDC, RedStone co-founder and COO Marcin Kazmierczak told The Block.
Quick Take Although early details are scant, Sui Foundation said it plans to collaborate with the World Liberty Financial crypto project, backed by U.S. President Donald Trump. Besides exploring “product” opportunities, Sui also said World Liberty Financial will “include Sui assets in … its strategic token reserve.”
Quick Take Bitwise, the cryptocurrency index fund manager, has made its first DeFi allocation via onchain credit protocol Maple Finance, the company announced on Thursday.
Quick Take A senior Russian official stated that sanctions won’t fully prevent Russians from using the cryptocurrency market. The EU recently imposed sanctions on Russian crypto exchange Garantex, which has already been under U.S. sanctions since 2022.
- 09:50Pudgy Penguins CEO: The Team Has Participated in U.S. Crypto LegislationOn July 31, it was reported that Pudgy Penguins CEO LucaNetz stated the Pudgy Penguins team, together with Abstract, has officially participated as government advisors in U.S. cryptocurrency legislation and has made several trips to Washington, D.C. to submit relevant proposals. The team has now submitted an application for the PENGU ETF, which will cover both PENGU tokens and NFTs.
- 09:46Sentora: RLUSD Trading Volume on Aave Hit a Record High of Approximately $54 Million YesterdayBlockBeats News, July 31—According to data disclosed by Sentora, RLUSD trading volume on Aave reached a new single-day high yesterday, totaling 54,521,729.51 RLUSD. Launched by Ripple, the US dollar stablecoin RLUSD has reached a market capitalization of $500 million within seven months of its debut. The token is issued on both the XRP Ledger and Ethereum.
- 09:46EU official: US to impose 15% tariffs on EU wine and spirits starting August 1BlockBeats News, July 31 — According to EU officials, the United States will impose a 15% tariff on EU wine and spirits starting August 1, until the EU and the US reach an agreement regarding the industry. (Jin10)