August 12th, a summary of the hot events in the currency circle and their possible impacts!

1. IRS Cryptocurrency Tax Policy Update:

Key Points: The U.S. Internal Revenue Service (IRS) has recently updated its cryptocurrency brokerage tax form, with the notable change removing the explicit requirement for a wallet address.

Impact: The change, expected to take partial effect in 2025, brings new flexibility in tax filings to cryptocurrency investors and traders.

2.Main trends in the BTC market:

Data: The main transaction volume of BTC is nearly 400 million US dollars, and the market betting direction is clear.

Trend: Meanwhile, U.S. ETFs have seen inflows for two consecutive days, showing the market’s optimism for BTC.

3. The closing performance of the U.S. stock market:

Gains: The Nasdaq rose 0.51%, the Dow rose 0.13%, and the S&P 500 rose 0.47%.

Analysis: The overall upward trend of the US stock market may have an indirect positive impact on the cryptocurrency market.

4. Bitcoin and Ethereum options expire:

Amount: Up to $2,460,000,000 worth of Bitcoin and Ethereum options expire today.

Market impact: This incident may trigger market fluctuations, and investors need to pay close attention.

5.ETH market dynamics:

Market capitalization ratio: ETH’s market capitalization ratio dropped to 14.81%.

Transaction data: The 24-hour transaction volume reached US$31.6 billion, and the circulating market value was US$317.4 billion.

6.Tether freezes assets on Tron chain:

Event: Tether (USDT) announced that it has frozen three addresses on the Tron chain.

The amount involved is approximately US$16.5 million. Impact: This move may have a certain impact on the Tron ecology and the stability of USDT.

7. U.S. SEC encryption supervision strengthens:

Action: The U.S. Securities and Exchange Commission (SEC) issued subpoenas to at least three crypto venture firms, signaling an increase in its efforts to crack down on illegal activity.

Market reaction: The encryption industry faces a more stringent regulatory environment, and market participants need to respond with caution.

8. Trump Jr. and crypto projects:

Comments: Trump Jr. talked about a crypto project in public, claiming that its scale far exceeds other meme coins.

#TON #加密市场反弹 #美联储何时降息？ #BTC #ETH

The current bull market is turbulent, and we have the opportunity to share passwords every day.

Again, I don’t know what to do in the bull market. Click on my avatar, follow, bull market spot planning, contract password, and free sharing.

I need fans, you need references. It’s better to pay attention than to guess.