News

According to Odaily, crypto analyst Ember (@EmberCN) has monitored that about 7 hours ago, a batch of addresses suspected to belong to Polychain unlocked and redeemed 122 million EIGEN tokens, worth approximately $23.88 million, from EigenCloud (formerly EigenLayer) staking contracts, accounting for 16.5% of EIGEN's current circulating supply. The related EIGEN tokens are still held at the address and have not yet been further transferred. Ember stated that these tokens originated from 2024 investment allocations, and Polychain is one of the early lead investors in EigenCloud.

1. CryptoQuant founder: The real Bitcoin bull market has not yet begun; 2. Polymarket will launch a “taker fee rebate program” next week, with up to 50% of taker fees refunded; 3. US lawmakers have proposed the “Reserve Modernization Act,” aiming to include Bitcoin in a strategic reserve for at least 20 years; 4. The US Commodity Futures Trading Commission has signed a memorandum of understanding with the NHL to strengthen oversight of prediction markets; 5. JPMorgan: The scale of tokenized money market funds is unlikely to exceed 15% of the stablecoin market; 6. SEC Commissioner: Regulatory exemption for tokenized stocks may only apply to on-chain equity products; 7. a16z Crypto: Blockchain will become finance’s “cloud transformation,” driving Wall Street toward a composable digital asset system; 8. Exodus has resumed accumulating BTC, ETH, and SOL, with transaction volume in April reaching nearly $350 million; 9. The parent company of an exchange, Payward, has received preliminary approval from Dubai VARA to conduct crypto business; 10. AllianceDAO co-founder: ZEC may become a hedging asset against BTC, with a bullish expectation of potentially reaching 20% of BTC’s market cap; 11. Blockchain.com has secretly filed for a US IPO; 12. Hardware wallet manufacturer Foundation has completed a $6.4 million funding round, led by Fulgur Ventures.

According to Odaily, the Finance Committee of the German Bundestag has rejected the proposed cryptocurrency tax reform put forward by the Green Party. The proposal originally planned to abolish the policy allowing capital gains tax exemption on the sale of cryptocurrencies held for more than one year. Under current German law, individuals who sell crypto assets held for over a year are exempt from capital gains tax. The Green Party argued that crypto assets should be subject to the same tax rules as other investment assets, but opponents pointed out that the proposal could result in crypto investors facing a higher tax burden than regular stock investors. The Green Party estimated that abolishing the relevant tax exemption could increase Germany's annual tax revenue by about 11.4 billion euros. (Cryptopolitan)