The US Treasury Department is reportedly proposing new tax regulations for digital assets, including a 30% excise tax on miners' electricity costs and closing trading loopholes for all digital assets.
This proposal is in line with President Biden's budget plan and aims to address environmental concerns and tax avoidance in the crypto market.
Bitcoin Ordinals, NFTs inscribed in satoshis, saw sales volume spike to $1.6 billion in the last three months, with 200,000 unique buyers.
OKEx dominates sales, but Magic Eden emerges as the second largest marketplace.
During the same period, more than 16 million Ordinals were inscribed with 1.2 million unique addresses, resulting in them paying transaction fees of 3,000 BTC.
According to the data, digital asset investment products saw a record weekly inflow of $2.7 billion:
⚫Bitcoin continues to attract investors, with inflows of $2.6 billion, representing 14% of total AUM ⚫Solana recovered after a period of negative sentiment with $24 million in inflows ⚫Ethereum experienced a small outflow of $2.1 million, in contrast to positive sentiment for other altcoins ⚫Other altcoins such as Polkadot, Fantom, Chainlink, and Uniswap saw significant inflows, showing diversified investor interest
MicroStrategy announced that it had purchased 12,000 Bitcoins for approximately $821.7 million in cash in the period between February 26, 2024 to March 10, 2024.