);)
On the 8th, it was revealed that the official X account of the Cardano Foundation was hacked, causing major damage to large investors. The official X account of the Cardano Foundation announced on the 8th that it would discontinue support for the Cardano native coin ADA and instead support a new token called ADAsol. After confirming the damage to the Foundation's X account, Cardano founder Charles Hoskinson explained the hacking incident through his official X account on the 8th, but the ADAsol token recorded a trading volume of $500,000 and plummeted by 99%, causing major damage to large investors.
2. El Salvador's Bitcoin Profits Exceed 471.2 Billion Won
The Bitcoin (BTC) profits of El Salvador, which became the world's first country to designate Bitcoin as legal tender in September 2021, have exceeded $330 million (about 471.2 billion won). President Nayib Bukele announced on his X account on the 6th that the Bitcoin price has exceeded $100,000, and the Bitcoin profits held by the Salvadoran government have exceeded $330 million.
3. Czech Republic Considers Tax Exemption Policy for Bitcoin Held for Over 3 Years
It has been revealed that the Czech government is considering implementing a policy to exempt from taxes Bitcoin held within the country for more than 3 years. Prime Minister Petr Fiala announced on his official X account on the 7th that the Czech parliament is currently considering approving a new cryptocurrency-related bill. According to the bill announced by Fiala, Czech cryptocurrency investors will not be required to report cryptocurrency transactions under $4,200 per year, and will be exempt from taxes on cryptocurrency held for more than 3 years.
4. Ethereum Spot ETF Records 10 Consecutive Days of Net Inflows
Ethereum (ETH) spot exchange-traded funds (ETFs) in the United States recorded net inflows of about $83.3 million on the 7th, achieving 10 consecutive days of net inflows. In a report released on the 8th, financial data platform Sosovalue announced that Ethereum spot ETFs in the United States have maintained the longest streak of net inflows since their launch in July.
