On May 30, according to HTX market data, XLM has surged over 32% in the last 24 hours, currently priced at $0.27, with a market cap reaching $13.56 billion. In related news, DTCC plans to introduce tokenized assets into Stellar (XLM) as part of its latest blockchain initiative on Wall Street.
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XLM Surges Over 32% in 24 Hours, Market Cap Reaches $13.56 Billion
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US Spot Ethereum ETF Sees Net Inflow of $9.61 Million Yesterday
On June 17, according to monitoring by Trader T, the US spot Ethereum ETF experienced a net inflow of $9.61 million yesterday. -
US Spot Bitcoin ETF Sees Net Inflow of $10.04 Million Yesterday
On June 17, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net inflow of $10.04 million yesterday. -
BTC Surpasses $66,000
Market data shows that BTC has surpassed $66,000, currently priced at $66,021.58, with a 24-hour decline of 0.05%. The market is experiencing significant volatility, so please ensure proper risk management. -
ETH Surpasses $1800
Market data shows that ETH has surpassed $1800, currently priced at $1800.27, with a 24-hour increase of 0.83%. The market is experiencing significant volatility, so please ensure proper risk management. -
a16zcrypto Policy Chief Criticizes Illinois Cryptocurrency Tax Law: Tax Logic is Absurd and Violates Multiple Federal Laws
On June 17, Miles Jennings, the policy chief of a16zcrypto, stated that the digital asset tax law signed by the Governor of Illinois is one of the most restrictive regulations on cryptocurrency in the United States. The law imposes taxes on the exchange, transfer, and custody of digital assets: buying Bitcoin incurs a tax; storing Bitcoin on Coinbase also incurs a tax, and so on. Across the United States, there are virtually no similar financial transaction taxes on stocks, bonds, or derivatives. This means that cryptocurrencies are being treated differently, which violates multiple federal laws. Furthermore, the logic behind this taxation is nonsensical: transactions involving paper certificates of stocks, bonds, and derivatives are not taxed, yet transactions recorded on a blockchain are taxed simply because of their format? This is akin to taxing emails. Illinois could have embraced blockchain innovation and enjoyed the cost advantages it brings to the general public; however, the state is instead preparing to penalize local entrepreneurs and ordinary residents who use cryptocurrency. It is truly regrettable. Just recently, Illinois introduced a reasonably scoped Digital Assets and Consumer Protection Act, demonstrating a positive and inclusive attitude towards blockchain technology. Yet, with this new tax policy, the attitude has taken a complete 180-degree turn. If states implement such discriminatory taxes that target only a single asset class, industry developers and ordinary users will migrate to other regions, ultimately resulting in losses for everyone. -
BTC Falls Below $66,000
Market data shows that BTC has fallen below $66,000, currently priced at $65,977.25, with a 24-hour decline of 1.34%. The market is experiencing significant volatility, so please ensure proper risk management. -
ETH Falls Below $1800
Market data shows that ETH has fallen below $1800, currently priced at $1799.84, with a 24-hour decline of 1%. The market is experiencing significant volatility, so please ensure proper risk management.
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