Daily Quotes (December 12, 2024 19:40)
ChainDD's market data on December 12 shows that the combined DD index and CoinMarketCap quotes are:
BTC was at $93,185.73, down about 8.83% in 24 hours;
ETH was at $3,128.85, down about 15.43% in 24 hours;
BNB was at $621.55, down about 11.59% in 24 hours;
DOGE was at $0.2672, down about 26.68% in 24 hours;
DOT was trading at $6.16, down about 20.35% in 24 hours.
Cryptocurrency News
Ethereum Layer 2 network currently holds over $13.5 billion in stablecoin supply
As of December 20, the Ethereum Layer2 network currently holds over $13.5 billion in stablecoin supply, a record high. In addition, the overall circulation of stablecoins exceeds $205 billion.
Japan's Liberal Democratic Party promotes cryptocurrency tax reform, proposing a separate tax of 20%.
According to Coinpost, Japan's Liberal Democratic Party Digital Society Promotion Headquarters Web3 Working Group chief Akihisa Shiozaki reported that the party's Administrative Investigation Committee officially approved an urgent proposal on the 19th regarding the transformation of crypto assets into beneficial national economic assets.
The report points out that under the current tax system, income generated from cryptocurrency transactions is generally classified as miscellaneous income and subject to comprehensive taxation at a maximum rate of 55% (combined income tax and resident tax), which is stricter than in other countries.
In light of the above points, and whether cryptocurrency assets should be considered public investment assets, the following considerations should be made:
Change the gains and losses generated from cryptocurrency transactions to implement a 'declaration separation tax' system at a 20% tax rate;
Allow losses in the amount of cryptocurrency income to be carried forward for deductions (usable within the next three years);
Cryptocurrency derivatives trading also applies to the 'declaration separation tax' system.
Trump: Congress must eliminate the debt ceiling or extend it to 2029.
President Trump: Congress must eliminate the debt ceiling or extend it to 2029.
Animoca Brands' third quarter revenue was $69 million, a 43.8% quarter-on-quarter increase.
Animoca Brands released its financial report for the second and third quarters of 2024, with total revenue in the third quarter reaching $69 million, a 43.8% quarter-on-quarter increase and a 165% year-on-year increase. Revenue mainly comes from three major business segments: digital asset consulting (DAA) contributed $25 million, Web3 operations revenue was $39 million, and investment management revenue was $5 million.
As of the end of September 2024, Animoca Brands held $248 million in cash and stablecoins, and $330 million in liquid digital assets, mainly including ETH, BTC, and APE, among others. Additionally, the company holds $1.6 billion in off-balance-sheet token reserves, including SAND, EDU, MOCA, REVV, TOWER, GMEE, etc.
Australia's Monochrome spot Bitcoin ETF holds 272 BTC.
Australia's Monochrome spot Bitcoin ETF (IBTC) held 272 BTC as of December 19, with AUM of approximately $44.3454 million.
