整理: Fairy, ChainCatcher
Important Information:
Over-the-counter trading platform SecondLane: listed 1% equity of Pump.fun at a price of 15 million USD, with a valuation of 1.5 billion USD.
Affected by the hot trading sentiment in HYPE, Binance has suspended the withdrawal of USDC on the Arbitrum chain.
Sun Yuchen ate a banana artwork worth 6.2 million USD at the Hong Kong event.
Ethereum Foundation researcher: the foundation is investing tens of millions of USD in zkVM.
Hong Kong plans to exempt cryptocurrency capital gains tax for mature investors.
Russian President Putin officially signed the digital currency tax law, classifying digital currencies as property.
ZachXBT questions Moonrock Capital for harming retail investors through unfair distribution in the incubation of NFT projects.
'What significant events have occurred in the past 24 hours'
Russian President Putin officially signed the digital currency tax law, classifying digital currencies as property.
According to TASS, Russian President Vladimir Putin signed a law regulating the taxation of digital currencies.
According to legal regulations, digital currencies are classified as property. This also applies to currencies used for foreign trade payments within the framework of the 'Experimental Legal System in Digital Innovation (EPR)'. Mining and selling of digital currencies are exempt from value-added tax. Operators of mining infrastructures must report to the tax authorities issuing cryptocurrencies using their services. If such information is not transmitted on time, a fine of 40,000 rubles may be imposed.
In terms of personal income tax payment, digital currencies obtained through mining will be classified as material income (this term is usually used when payment is made using goods or services rather than currency). The value of the income currency will be determined based on market quotes. Such income will be taxed at the usual progressive tax rate, taking into account tax deductions for mining expenses.
At the same time, the acquisition, sale, or other circulation of digital currencies will be taxed at a two-tier personal income tax rate (13% for income up to 2.4 million rubles, 15% for income exceeding that amount). They will be included in the same tax base as income from securities, bank deposits, and other sources. For corporate income tax, digital currency mining will be taxed at the standard rate (25% starting in 2025).
ZachXBT questions Moonrock Capital for harming retail investors through unfair distribution in the incubation of NFT projects.
Crypto detective ZachXBT replied to a tweet by Moonrock Capital CEO and partner Simon mentioning the basic principles of Web3, stating, 'You incubated multiple projects in the last cycle that directly harmed retail traders through unbalanced distribution, so I’m not sure you should be talking about the basic principles of Web3.'
Projects pointed out by ZachXBT include Degen Ape Academy NFT and Punks On Solana NFT.
Affected by the hot trading sentiment in HYPE, Binance has suspended the withdrawal of USDC on the Arbitrum chain.
Affected by the hot trading sentiment in Hyperliquid (HYPE), Binance has suspended the withdrawal of USDC on the Arbitrum chain.
It is reported that the native token HYPE of the decentralized derivatives trading platform Hyperliquid will launch its genesis event on November 29 at 15:30 Beijing time. Qualified participants in the genesis event will receive 310 million tokens, which will be fully unlocked. Currently, there is no announcement of any listing on CEX, and trading is only available on DEX.
Sun Yuchen ate a banana artwork worth 6.2 million USD at the Hong Kong event.
Sun Yuchen has eaten a banana artwork worth 6.2 million USD at the Hong Kong event.
According to previous news, Sun Yuchen tweeted that he purchased Maurizio Cattelan's work Comedian from Sotheby's for 6.2 million USD.
Boyaa Interactive: This month has exchanged approximately 515 BTC for 14,200 ETH.
Hong Kong-listed Boyaa Interactive (0434.HK) announced that from November 19 to 28, the group exchanged 14,200 ETH for approximately 515 BTC, with a total market value of about 49.48 million USD (excluding transaction fees).
Boyaa Interactive stated that the original purchase cost of the ETH used to exchange for BTC was about 39.45 million USD. After the exchange, the group holds approximately 3,183 BTC, with an average holding cost of about 57,700 USD.
Ethereum Foundation researcher: the foundation is investing tens of millions of USD in zkVM.
Ethereum Foundation researcher Justin Drake tweeted that the Ethereum Foundation is investing tens of millions of USD in zkVM, including zkRISC-V formal verification, Poseidon cryptanalysis, and L2beat for zkVMs.
Taiwan's new cryptocurrency anti-money laundering rules will take effect on November 30.
The Financial Supervisory Commission (FSC) of Taiwan will implement new anti-money laundering (AML) rules on November 30, one month earlier than initially planned, as the regulatory agency accelerates anti-fraud efforts.
The new rules require crypto service providers, such as crypto exchanges, to complete anti-money laundering compliance registration. Non-compliance may lead to penalties, including up to two years of imprisonment and fines of up to 5 million New Taiwan dollars (approximately 153,700 USD).
The FSC stated in a statement on Wednesday that overseas 'virtual asset service providers' (VASP) must establish a company or branch in accordance with Taiwanese corporate law and complete the required anti-money laundering registration before conducting business in Taiwan. These new regulations were introduced after the regulatory agency revised the law in July.
Sun Yuchen: decided to buy 100,000 bananas from Shah Alam's stall for free distribution.
Tron founder Sun Yuchen tweeted that he decided to buy 100,000 bananas from Shah Alam's stall for free distribution. 'This is not only a special event but also a celebration of the beautiful connection between daily life and art. I hope this action helps more people understand the meaning of this unique art story.'
Note: Shah Alam is a fruit stall owner outside the Sotheby's auction house, and the bananas he sold became part of Maurizio Cattelan's work Comedian.
Over-the-counter trading platform SecondLane: listed 1% equity of Pump.fun at a price of 15 million USD, with a valuation of 1.5 billion USD.
According to Cointelegraph, the private market trading platform SecondLane has listed equity in the memecoin issuance protocol Pump.fun at a fully diluted valuation (FDV) of 1.5 billion USD, and listed 1% equity of Pump.fun at a price of 15 million USD.
Hong Kong plans to exempt cryptocurrency capital gains tax for mature investors.
According to Reuters, a consultation document from the Financial Services and Treasury Bureau proposed to expand the scope of capital gains tax exemptions to include overseas real estate, carbon emissions, private credit, and cryptocurrencies.
These exemptions will apply to private equity funds and qualified single-family office investment vehicles. The proposal on Thursday further clarified Hong Kong's cryptocurrency plan.
However, if the proposal is pushed forward, it is unclear when the policy will take effect. Hong Kong did not immediately respond to requests for comment.
'What excellent articles are worth reading in the past 24 hours'
Humans successfully persuaded AI to transfer a 47,000 USD bonus. Is humanity a weakness that AI cannot understand?
On November 29, a unique competition sparked widespread public interest.
195 participants took part in a virtual prize pool challenge guarded by the AI robot Freysa, with one user successfully persuading Freysa to transfer funds worth 47,000 USD.
The AI robot Freysa was deployed on the Base network a few days ago, and the creator is unknown. The official website shows that the Freysa competition project aims to test the robustness of the AI system in complex decision-making scenarios while providing a platform for developers and enthusiasts to explore the boundaries of AI technology.
The competition rules are very simple: participants must write a message to persuade the AI guardian Freysa to approve the fund transfer. Each attempt requires a small fee, part of which goes directly into the prize pool. This mechanism has caused the prize pool amount to gradually expand from a small amount to 47,000 USD.
The wealth effect has erupted, what other projects and MEME on BNB Chain are worth paying attention to?
The wealth effect has arrived at BNB Chain.
On November 25, Binance Futures launched the perpetual contracts 1000WHYUSDT and 1000CHEEMSUSDT. Whether as the dog MEME Cheems with a built-in mockery buff on BNB Chain, or as the token for the BSC MEME aggregation platform, WHY has become a focal point of market discussion. Meanwhile, Binance Labs announced an investment in BNB Chain's re-staking infrastructure Kernel, further solidifying BNB Chain's DeFi ecosystem layout. Two days later, Binance announced it will launch Thena (THE) on November 27.
Wall Street veterans are also starting to play with altcoins.
Bitcoin is pulling back, while altcoin ETFs are soaring.
The bull market craze is still spreading; although Bitcoin has pulled back, Ethereum has broken through 3,600 USD, and multiple sectors such as Defi and Layer2 have seen a general rise, the altcoin market is finally showing signs of revival. However, just a few days ago, the situation was quite different. At that time, Bitcoin was close to 100,000 USD, but altcoins were in despair, with the market in a state of survival.
Altcoins are struggling, but Wall Street is taking an interest. Under unprecedented regulatory benefits, Wall Street is eyeing altcoin ETFs, thereby providing a winter warmth to the long-dormant altcoin market.
Just a week ago, Bitcoin continuously broke through and reached 90,000 USD, making headlines across major media, but the usually active community was rarely silent. In this institutionally-led bull market, most market participants did not receive liquidity spillover, but instead, the altcoins they held were continuously drained by Bitcoin, showing a decline trend. Compared to the loud bull market promotions, participants feel a sense of hardship.
