1.BTC breaks $71,500, ETH breaks $2,600
According to Binance market data, BTC has broken through $71,500, just $2,000 away from its all-time high of $73,737 set on March 14, 2024. ETH has broken through $2,600, currently trading at $2,624, with a 24-hour increase of 5.17%. SOL has broken through $180, currently at $182, with a 24-hour increase of 3.63%. Memecoins have seen the largest gains, with DOGE, SPX, BRETT, POPCAT, and FLOKI all increasing by more than 10%.
2.SolanaFloor: Crypto wallet Phantom experiences major backend incident, resulting in downtime
The Phantom team has responded that they are currently experiencing issues with their service and are unable to operate normally, with some services potentially being temporarily interrupted. If you urgently need to make a transaction, please ignore the simulation error and try to complete the operation through the dApp. The team is working to resolve the issue.
3.Arthur Hayes: China's economic stimulus measures will drive up cryptocurrency prices
Data shows that the People's Bank of China has, for the first time since 2007, started purchasing government bonds, with the holdings of local government bonds increasing from 1.5 trillion yuan to 4.6 trillion yuan. Hayes analyzes that the People's Bank of China may follow the policy paths of the Federal Reserve, the European Central Bank, and the Bank of Japan, using balance sheet expansion to address the downward pressure on the economy. He points out that this policy direction may repeat the market performance of Bitcoin during the August 2015 RMB adjustment period, when Bitcoin price rose nearly 5-fold from $135 to $600 in less than three months.
4.Hong Kong considers providing tax incentives for crypto investments
Paul Chan, the Financial Secretary of Hong Kong, stated at the Hong Kong FinTech Week that virtual assets are being included in a proposed new tax incentive policy. This proposal aims to provide tax incentives for a variety of asset classes, including virtual assets, real estate, emission derivatives, insurance-linked securities, equity interests in non-corporate private entities, and private credit investments. Chan mentioned that the tax incentives will primarily target institutional investors, but did not provide specific details on the incentive policy or requirements.
5.Tether CEO: If the US government wants to attack us, they can just press a button and kill us
Tether CEO Paolo Ardoino, in an interview, stated that the company respects international sanctions and closely cooperates with law enforcement, but acknowledged that it is ultimately at the mercy of US authorities. "If the US wants to kill us, they can press a button and kill us anywhere, and we won't fight the US."
6.Cardano founder: Cardano will transform into a Bitcoin L2
Cardano founder Charles Hoskinson has changed his stance on Bitcoin and announced that Cardano L1 will transform into a Bitcoin L2.
