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according to Bloomberg, the Ghanaian Parliament has approved a cryptocurrency legalization bill aimed at addressing the expanding use of cryptocurrencies in the country but the lack of regulation. According to Johnson Asiamah, Governor of the Bank of Ghana, the newly passed Virtual Asset Service Providers Act will facilitate the licensing of crypto platforms and the regulation of related activities.
CryptoQuant published an analysis stating that the Bitcoin market continues to be in a bear market state, with multiple network indicators showing a significant cooling of activity. Data shows that the 30-day moving average of Bitcoin is below the 365-day moving average (-0.52%), and the bull-bear cycle indicator confirms the current bear market pattern. The number of network transactions has dropped from about 460,000 to about 438,000, fees have decreased from $233,000 to $230,000, and highly active addresses have reduced from 43.3K to 41.5K, all indicating reduced speculative activity and that the market is in a defensive phase.
the market shows that ETH has fallen below $3000, currently at $2999.5, with a 24-hour increase of 0.86%. The market is highly volatile, please manage your risks accordingly.
market shows BTC breaking through $89,000, currently at $89,014.5, with a 24-hour increase of 0.85%. The market is highly volatile, please manage your risk accordingly.
regarding the community's heated discussion about the 50 million USDT phishing attack, F2Pool co-founder Wang Chun tweeted, "Last year, I suspected that my private key was leaked. To confirm whether the address was really hacked, I transferred 500 bitcoins to that address. To my surprise, the hacker 'generously' only took 490 bitcoins, leaving me 10 bitcoins, enough for me to make a living."
market shows BTC fell below $88,000, currently at $87,991.97, with a 24-hour decline of 0.08%. The market is highly volatile, please manage your risk accordingly.
U.S. representatives are drafting a cryptocurrency tax bill called the Digital Asset PARITY Act, which will exempt capital gains tax on stablecoin transactions under $200, and staking and mining rewards will also have the option for a five-year tax deferral.
Tether CEO Paolo Ardoino posted on the X platform stating that Tether has started recruiting a senior software engineer who will be responsible for Tether's mobile crypto wallet-related products, which will be supported by artificial intelligence, Wallet Development Kit (WDK), and QVAC technology. Later, Paolo Ardoino also posted a suspected wallet product screenshot in another tweet, which shows "Own your Money".
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