1.Usual protocol This morning experienced a large-scale USD0 sell-off
Usual protocol experienced a large-scale USD0 sell-off today (UTC 07:00), triggered by a whale trade in the secondary market raising doubts about the USD0 peg. USD0 briefly dropped to 0.99 USD, then re-pegged to 1 USD within seconds, with some basis deviation due to continuous selling, and fully re-pegged after a few hours.
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2. CoinShares: Bitcoin's price will reach 150,000 USD or 80,000 USD in 2025
CoinShares Research Director James Butterfill expects that Bitcoin's price will reach 150,000 USD or 80,000 USD in 2025. The 80,000 USD price target may trigger a market correction if Trump fails to fulfill his pro-crypto policy promises, while the 150,000 USD high point could benefit from a favorable regulatory environment in the US as a major driving factor. In the long term, Bitcoin's market capitalization share of the gold market may rise from the current 10% to 25%, pushing prices to 250,000 USD, but this goal may be difficult to achieve by 2025.
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3. The IRS recently issued a temporary exemption policy for the crypto sector
The IRS recently issued a temporary exemption policy allowing cryptocurrency holders using centralized exchanges (CeFi) in 2025 to flexibly choose asset accounting methods, avoiding high tax burdens from strict FIFO rules. This exemption applies to asset transactions by CeFi brokers within 2025, allowing taxpayers to determine the units of assets sold using their own records or tax software. Tax experts remind users to clearly choose the accounting method for CeFi exchanges before 2026, otherwise, FIFO may be the default, facing higher capital gains tax.
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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 digitize the Syrian pound through blockchain, creating a stable financial framework. The proposal 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 USD. Previously, related addresses of MicroStrategy also made transfers to new addresses, which were later confirmed by Arkham as another Coinbase custody address of MicroStrategy, so this situation should be similar to Coinbase's internal organization.
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