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Crypto Morning Briefing: White House Wants Crypto Miners To Pay 30% Climate Change Tax

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Blur NFT Lending Surpasses $16M in Loans, Led by Machi Big Brother

According to data sourced from user @beetle from Dune Dashboard, nonfungible tokens (NFT) marketplace Blur has facilitated 8,820 Ether (ETH), or roughly $16.37 million, in loans through its perpetual NFT lending protocol Blend one day after launch.

Sports Illustrated Launches NFT Ticketing Platform on Polygon

U.S. sports publication Sports Illustrated is launching a non-fungible token (NFT) ticketing platform built on the Polygon network, an Ethereum scaling tool.

Gemini Launches Derivative Platform in 30 Countries

Gemini has launched a non-U.S. derivatives platform —Gemini Foundation —in 30 countries, according to a May 2 statement.

Biden’s Bold Move: White House Wants Crypto Miners To Pay 30% Climate Change Tax

The Biden administration proposes a 30% tax on crypto miners to address climate change.

Coinbase Will Never Delist ETH as XRP, Top Lawyer States Why

Bill Morgan, a former SEC and securities attorney, believes Coinbase can never treat Ether (ETH) and/or Bitcoin (BTC) the same way it dealt with XRP when the U.S. SEC sued Ripple, claiming that the sixth-largest cryptocurrency by market capitalization is a security.

Market Watch 

As of press time, according to Cointime data:

BTC 's live price is $27,981.60 USD, dropped by 4.93% in the last 24 hours;

ETH’s live price is $1,823.47 USD, dropped by 3.80% in the last 24 hours;

BNB’s live price is $328.55 USD, dropped by 2.72% in the last 24 hours;

XRP's live price is $0.46 USD, dropped by 2.40% in the last 24 hours.

Fundraising News

Cosmos-Based Defi Protocol Nolus Raises 2.5M to Build the First Cross-Chain Defi Lease

Nolus, an interoperable application on Cosmos, has secured $2.5 million in pre-seed and seed funding to tackle inefficiencies in DeFi money markets.

New AI Crypto Coin yPredict Raises Nearly $500,000 in Presale - Here's How to Buy Early

New AI-based analysis platform yPredict has raised close to $500,000 in its presale, which has now entered its fourth stage out of eight.

Swords of Blood Raises $1.2 Million in Presale for Web3's Next Hit Hack-and-Slash Thriller

Swords of Blood raises $1.2 million in its second presale stage, offering SWDTKN for $0.07, the native token that powers the game's ecosystem on the Polygon network.

Entendre Finance Raises $4 Million in Seed Funding for Automated Web3 Accounting Solution

Entendre Finance, a NYC-based automated end-to-end accounting and bookkeeping solution for businesses operating in Web3, raised $4M in seed funding. The round was led by Basis Set with participation from Valhalla, Caffeinated, Moonpay, Alumni, MDig and Alpine.

Ark Invest Adds $8.4M in Coinbase Shares, Remains Bullish

Ark Invest, the U.S. investment management firm led by Cathie Wood, has acquired more Coinbase shares, adding 129,604 shares worth over $6.4 million to its Ark Innovation ETF. 

Statement: Fake news about Temasek's investment in Array

（Cointime）On May 2, Temasek, the Singaporean state-owned investment company, issued a statement denying reports that it had invested in Array, a technology company. The statement came after news articles and a tweet from Array claimed that Temasek had made an investment in the company.

a16z Urges UK to Take "Nuanced" Approach to Crypto Regulation as US Loses Edge

Crypto-focused division a16z of VC giant Andreessen Horowitz has urged the UK Treasury to take a more "nuanced" approach to regulating the crypto space, praising the country's "proportionate and focused, agile and flexible" regime.

Bitcoin Bitcoin $83,896.53
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  • SEC and CFTC Update Crypto FAQs: Token Buybacks and Network Upgrades Not Necessarily Securities, CFTC Allows On-Chain Record Keeping

    On September 26, the U.S. Securities and Exchange Commission's Division of Corporation Finance released an updated FAQ on September 25, clarifying that token buybacks, network upgrades, and marketing statements do not automatically make crypto assets securities. SEC staff noted that announcing a buyback plan for an operational crypto network does not, by itself, make the associated tokens investment contracts; however, if the network is not operational and the issuer promotes the buyback as a source of returns for holders, it may be a different case. The FAQ also clarified that services provided once a crypto system is operational, aimed at securing, maintaining, improving, or enhancing the system or its functions, or promoting network effects, do not constitute managerial efforts under the Howey test. Marketing existing uses of the network typically does not create profit expectations, and statements about future functionalities do not either, provided there is no promotion of profit potential. This update reiterates that conclusions will still heavily depend on specific cases and are based on the SEC's interpretative release regarding the applicability of securities laws to crypto assets issued in March this year. On the same day, the Commodity Futures Trading Commission updated its crypto FAQ, allowing futures firms and clearinghouses to invest customer funds in tokenized versions of previously permitted assets, provided they meet investment and custody requirements. CFTC staff also indicated that regulated companies may use blockchain for record keeping but must still be able to provide records if the blockchain or its block explorer is non-operational. These updates come as the CLARITY Act failed to advance in the Senate, with regulators continuing to push forward with the crypto regulatory framework based on existing laws.

  • BTC Surpasses $84,000

    Market data shows that BTC has surpassed $84,000, currently priced at $84,004, with a 24-hour decline of 0.25%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Falls Below $84,000

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  • ETH Falls Below $2700

    Market data shows that ETH has fallen below $2700, currently priced at $2699.7, with a 24-hour increase of 1.95%. The market is experiencing significant volatility, so please ensure proper risk management.

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  • Yushu Technology's Wang Xingxing: Key to Breakthrough in Embodied Intelligence Lies in Solving Millimeter-Level Error Issues

    On September 25, the 5th Global Digital Trade Expo was held in Hangzhou, where Wang Xingxing, founder of Yushu Technology, delivered a keynote speech titled "From Machinery to Intelligence - The Evolutionary Theory of Embodied Future." Wang stated that the embodied intelligence industry may soon experience a critical breakthrough similar to that of ChatGPT. He believes that when robots can complete approximately 80% of tasks through voice interaction and embodied intelligence capabilities in about 80% of unfamiliar environments, the industry will enter a critical phase of large-scale application. He pointed out that the ability for robots to understand and execute specific tasks based on voice commands has already made breakthroughs last year, but the industry still faces a core technological bottleneck, namely the precise matching issue between artificial intelligence models and the real physical world. Wang noted that currently, robots still have a few millimeters of error during actual operations, which limits their stability and reliability in complex environments. "In the future, whoever can solve this problem will fundamentally resolve the issues with robots."

  • Swissquote Analyst Warns AI Narrative is a Core Pillar of US Stocks, Potential Break Could Trigger Significant Correction

    On September 25, Ipek Ozkardeskaya, a senior analyst at Swissquote Bank, stated that broad market indices and retirement funds are now deeply tied to the AI wave, with technology stocks accounting for about 40% of the S&P 500 index. She pointed out that the market capitalization weight of just three chip manufacturers makes up over 25% of the MSCI Emerging Markets Index. Ozkardeskaya indicated that AI has become the 'core pillar' of the market, and this pillar 'must not show any cracks.' She believes that, in the short term, the US stock market will continue to be supported by seasonal factors, and the current market uptrend may extend until the end of the year. However, she also warned that the worst-case scenario would be a shake in the investment logic surrounding AI, which could undermine market confidence in the AI narrative, potentially triggering a significant market correction.

  • U.S. Stock Index Futures Turn Positive; Chip Stocks Rally in After-Hours Trading

    On September 25, U.S. stock index futures rose into positive territory, with Nasdaq futures up 0.36%. In after-hours trading, storage and semiconductor stocks saw widespread gains, with AMD, Intel, and SanDisk all rising by 2%.

  • NEAR Partners with Ondo to Launch 20 Tokenized US Stocks and ETFs

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