Important news from last night to this morning (January 1 - January 2)

The IRS has postponed the enforcement date for cryptocurrency tax reporting rules to the end of 2025.

The Swiss Bitcoin referendum plan needs to collect 100,000 signatures within 18 months.

Elon Musk's X account's avatar and nickname have been changed back to the original, causing related concept coins to plummet.

This morning, Elon Musk's X account's frog avatar and 'Kekius Maximus' nickname have been changed back to his original identity, causing related concept coins to plummet.

According to Coingecko data, KM (Kekius Maximus) on the Solana chain has dropped about 85% in the past 24 hours, while KEKIUS (Kekius Maximus) on Ethereum has dropped about 48% in the past 24 hours. A whale 'rektdolphin.eth' that sold PEPE to buy KEKIUS is currently down $880,000.

Previously, Elon Musk's X account underwent a 'name change', sparking market speculation.

Sonic Labs: The S token will be launched on over 12 centralized exchanges in January.

According to Sonic Labs' official announcement, the $S token will be launched on over 12 centralized exchanges (CEX) in January 2025, as a replacement for FTM tokens. The list includes several well-known exchanges such as Binance and Bybit, supporting automatic token upgrades and Sonic network integration.

Coinbase's legal vice president: The penalty amount not collected by the SEC could reach tens of billions, and it is more important to focus on the amount returned to affected investors.

PumpFun transferred over 290,000 SOL to Kraken twice today, worth about $55 million.

According to Onchain Lens monitoring, PumpFun transferred SOL tokens to Kraken exchange twice today. This includes a transfer of 172,437 SOL (worth about $32.7 million) in the last hour and 120,000 SOL (worth $22.83 million) seven hours ago. So far, they have deposited a total of 1,500,884 SOL (worth about $341 million) to Kraken.

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