Musk releases controversial cryptocurrency trading tax issues, mentions project surges by more than 100% in short term

Musk posted a dispute over cryptocurrency trading and tax payment on the X platform. The original text was "Customers bought CumRocket worth $7,000, pledged it for three months, and earned a return of 6,900%. Then they sold it and withdrew the profit to invest in NFTitties, but the developer rug pulled the project and they only managed to liquidate 10% of the funds. Can customers deduct the gas fees for minting coins to balance short-term capital gains taxes?"

Affected by this news, the token CumRocket (CUMMIES) with the same name surged more than 100% in a short period of time.

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Musk releases controversial cryptocurrency trading tax issues, mentions project surges by more than 100% in short term

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BTC breaks $90,000

The US spot Bitcoin ETF saw a net inflow of $54.8 million yesterday.

The US spot Ethereum ETF saw a net outflow of $75.2 million yesterday.

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He Lifeng held a video call with U.S. Treasury Secretary Bessant and Trade Representative Greer.

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White House National Economic Council Director Hassett: It's Time for the Fed to Cautiously Cut Interest Rates

The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.

Social media platform "X" has been fined €120 million by the European Union for violating content regulations.

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