Today, two very key news are interpreted.

First, the Hong Kong government has a new proposal to provide cryptocurrency tax breaks for hedge funds and super-rich family offices. Obviously, Hong Kong wants to take back the liquidity of the cryptocurrency market from Singapore.

On Tuesday, a US court ruled that smart contracts are not property and cannot be sanctioned under current laws. Don't underestimate this precedent, which allows programmers to develop and publish smart contract protocols without charging fees and without worrying about being sanctioned. DeFi and its most important infrastructure, Ethereum, will surely have a huge wave of rise in the future