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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.
- 20:07All Three Major U.S. Stock Indexes Close LowerAccording to Jinse Finance, all three major U.S. stock indexes closed lower, with the Dow Jones down 0.74%, the Nasdaq down 0.03%, and the S&P 500 down 0.37%. Meta rose more than 11%, while Microsoft gained nearly 4%.
- 20:03Trump and His Donors to Spend $200 Million of Their Own Money to Renovate the White HouseAccording to a report by Jinse Finance, Politico has revealed that the White House is set to undergo a major $200 million renovation of its East Wing, marking the latest construction project for the executive residence under Trump. White House Press Secretary Levitt announced on Thursday that a new White House State Banquet Hall, covering approximately 90,000 square feet and accommodating 650 people, will break ground in September. According to information on the White House website, Trump and other "patriotic donors" will cover the $200 million renovation cost. Levitt stated that the East Wing will also undergo "modernization," and all office areas, including the First Lady's office, will be temporarily relocated during construction. This is the latest and most expensive in a series of recent White House renovation projects during Trump's tenure. Levitt said the project is expected to be completed before the end of Trump's term.
- 18:17Data: If ETH breaks through $3,962, the total short liquidation volume on major CEXs will reach $2.311 billionAccording to ChainCatcher, citing data from Coinglass, if ETH surpasses $3,962, the total short liquidation volume on major CEXs will reach $2.311 billion. Conversely, if ETH falls below $3,589, the total long liquidation volume on major CEXs will reach $1.808 billion.