1.Usual protocol experienced a large-scale USD0 sell-off this morning
Usual protocol experienced a large-scale USD0 sell-off today (UTC 07:00) due to a whale trade in the secondary market that raised doubts about the peg to USD0. USD0 briefly fell to $0.99, then re-pegged to $1 within seconds, showing some basis point deviation due to continuous selling, and completely re-pegged a few hours later.
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2. CoinShares: Bitcoin's price will reach $150,000 or $80,000 in 2025
CoinShares research director James Butterfill expects Bitcoin's price to reach $150,000 or $80,000 in 2025. The $80,000 price target may trigger a market correction if Trump fails to deliver on his pro-crypto policy promises, while the $150,000 high could benefit from a favorable regulatory environment in the U.S. In the long term, Bitcoin's market cap share of the gold market could rise from the current 10% to 25%, pushing the price to $250,000, but this target may be difficult to achieve by 2025.
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3. The IRS recently released a temporary relief policy for the cryptocurrency sector
The IRS recently released a temporary relief policy allowing cryptocurrency holders using centralized exchanges (CeFi) in 2025 to flexibly choose asset accounting methods, avoiding the high tax burden imposed by strict FIFO rules. This relief applies to asset transactions by CeFi brokers within 2025, allowing taxpayers to determine the units of assets sold using their records or tax software. Tax experts remind users to clearly select the accounting method for CeFi exchanges before 2026; otherwise, FIFO may be adopted by default, resulting in higher capital gains taxes.
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4. The Syrian transitional government plans to legalize Bitcoin to promote economic recovery
The Syrian transitional government plans to legalize Bitcoin to promote economic recovery. The Syrian Center for Economic Studies proposed that Bitcoin will be used to combat inflation, attract international investment, and digitalize the Syrian pound through blockchain to build a stable financial framework. The plan also includes opening energy resources for Bitcoin mining while allowing banks and businesses to integrate crypto payment functions. However, challenges such as international sanctions, weak infrastructure, and debt issues remain.
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5. The Coinbase address marked as MicroStrategy transferred a large amount of BTC to three new addresses today
Marked as MicroStrategy: Coinbase Prime Custody transferred 3,174 BTC, 3,269 BTC, and 2,026 BTC to three new addresses: bc1q5dm…637q5u, bc1q92g…amd56r, and bc1q69d…mjdudf at 5:52 UTC+8 today, with a total value of approximately $794 million. Previously, related addresses of MicroStrategy had also transferred to new addresses, which were later confirmed by Arkham as another Coinbase custody address of MicroStrategy, so this situation should be similar to an internal reorganization of Coinbase.
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