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Cointime News Wrapup-Afternoon: UK Treasury Seeks Input on Taxing DeFi Staking and Lending
To smooth and facilitate the reading experience for all users, we hereby compose this wrapup, especially for users who cannot check out what’s going on in a timely manner.
Liquid Capital (formerly LD Capital) founder Yi Lihua stated that the biggest problem in the crypto industry in recent years is the decline in innovation. This problem stems from two aspects: first, the previous US government tightened crypto policies, which should be resolved with the passing of the crypto infrastructure bill this time. Second, Binance requires projects to implement a 1+3 year lock-up mechanism for crypto VCs. It is believed that Binance's original intention was good, aiming to cultivate long-term investment thinking. The consequence of this mechanism now is that project teams, market makers, and liquidity providers on trading platforms 'run' first, while VCs gradually lose everything during the long unlocking period. VCs already bear the greatest risk in the primary market but also have to bear the latest exit risk, which is obviously contrary to traditional investment markets. The result is the collective disappearance of crypto VCs, making it difficult for quality entrepreneurs to raise funds and reducing industry innovation. A suggestion to Binance founder CZ is to provide crypto VCs with a better exit mechanism to activate VC capital activity, which will be beneficial to industry innovation and also more favorable for trading platforms to list quality assets.
Israeli military stated that since the outbreak of the war, the Israeli Air Force has dropped more than 6,500 munitions in strikes against Iran. The Israel Defense Forces said that Air Force fighter jets have carried out a total of 2,500 combat missions and launched 150 separate strike waves. The military said that as the war enters a new phase, it is currently intensifying strikes on Iranian regime targets within Tehran and increasing attacks on weapons production facilities across Iran — including those used to manufacture missiles and launch devices. Military officials stated that the Israel Defense Forces plan to continue operations within Iran in the coming weeks, and if necessary, the operations will last longer.
market shows BTC has fallen below 68,000 USD, currently at 67,797.17 USD, a 24-hour decline of 4.35%, with significant market fluctuations, please manage risk accordingly.
according to CCTV News, a spokesperson for the Central Command of Iran's Armed Forces Hatem al-Anbiya stated that a US oil tanker was attacked in waters near the Kuwait border and is currently burning. The US and Kuwait have not responded to this so far. (Jin10)
according to the latest disclosure, Japan's Mitsubishi UFJ Financial Group (MUFG), with assets totaling $3 trillion, announced two strategic advancements:
the market shows ETH fell below $2100, currently at $2099.94, with a 24-hour increase of 4.78%. The market is highly volatile, please manage your risk accordingly.
the market shows BTC breaking through $69,000, currently at $69,021.49, with a 24-hour increase of 1.15%. The market is highly volatile, please manage your risk accordingly.
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