Daily Quotes (November 29, 2024 09:30 AM)
ChainDD's market data on November 29 shows that the combined DD index and CoinMarketCap quotes are:
BTC was at $95,639.99, down about 0.72% in 24 hours;
ETH was at $3,556.04, down about 1.92% in 24 hours;
BNB was at $652.17, down about 0.40% in 24 hours;
DOT was at $8.6, up about 1.43% in 24 hours;
DOGE was trading at $0.40148, down about 1.16% in 24 hours.
Cryptocurrency News
Hong Kong plans to exempt cryptocurrency investment income from tax for professional investors
Hong Kong plans to exempt hedge funds, private equity funds and certain family offices from tax on investment gains in cryptocurrencies and other alternative assets as the city strives to boost its appeal as a wealth management hub.
In a consultation document leaked by Reuters, the Financial Services and Treasury Department proposed expanding the capital gains tax exemption to cover assets such as overseas property, carbon credits, private credit, virtual assets, and investment vehicles of private equity funds and eligible single family offices.
Uniswap hits record monthly trading volume of $38 billion
Uniswap’s monthly trading volume in November reached $38 billion, up nearly 50% from October and breaking the previous record of $34 billion. Arbitrum contributed the most, reaching $19.5 billion.
Uniswap’s total fees reached $5.44 million, ranking sixth among DeFi protocols. Its token UNI rose more than 44% this week, with a market value of $7.7 billion, reflecting the recovery of DeFi and increased on-chain activity.
Swiss canton of Bern approves study on Bitcoin mining to use excess energy
The parliament of the Swiss canton of Bern has passed a proposal to study Bitcoin mining as a way to utilize excess energy and stabilize the power grid. The parliament will conduct a feasibility study to assess energy availability, environmental impact and regulatory issues. Supporters say Bitcoin mining can attract investment, create jobs and promote the development of renewable energy.
Coinbase to Stop EuroUSDC Rewards Program on December 1
Coinbase will stop offering rewards to USDC holders based in the European Economic Area (EEA) on Dec. 1 due to upcoming Markets in Crypto-Assets (MiCA) regulations, according to an email sent to customers on Nov. 28.
Coinbase said the move is the result of new requirements for e-money tokens, which is how stablecoins are labeled under MiCA. Users will continue to accrue yield on their USDC balances until Nov. 30, with value paid out during the first 10 business days of December.
Coinbase’s USDC rewards program is available in more than 100 jurisdictions. It generates a daily yield based on the user’s USDC balance on the exchange, with an annual percentage yield (APY) that varies depending on the user’s region.
Japan's new prime minister reorganizes Web3 and cryptocurrency policymaking department
Japanese Prime Minister Shigeru Ishiba has reorganized the ruling party’s Web3 and cryptocurrency policymaking department. Digital Minister Masaaki Taira announced at a forum on November 27 that the Liberal Democratic Party will disband the existing Web3 Project Team (PT) and instead establish a dedicated agency within the party’s Digital Society Promotion Department, led by former Web3 PT Secretary-General Akihisa Shiozaki.
The government said it will continue to promote the development of Web3-related businesses. The new digital minister, Masaaki Taira, who previously served as the head of Web3 PT, advocates reforming Japan's cryptocurrency tax regulations. According to Ishiba's campaign platform, the government plans to use blockchain technology and NFT to promote local development projects and raise the value of local products such as food and tourism experiences to global levels.
