Suehyeon Lee

shlee@bloomingbit.io

I'm reporter Suehyeon Lee, your Web3 Moderator.

All Articles 2,198

Presidential Office Welcomes Democratic Party's 2-Year Delay on Virtual Property Tax
The Presidential Office expressed a welcoming stance on the Democratic Party's agreement to a 2-year delay on the Virtual Property Tax. On the 2nd, according to industry sources, an official from the Presidential Office met with reporters the previous day and stated, "If the Virtual Property Tax delay is implemented, it will be a great help to investors," welcoming the Democratic Party's agreement to a 2-year delay on the tax. Previously, a representative from the Democratic Party's internal committee stated, "The virtual property tax exemption requires additional system preparation after extensive discussion. We agreed to a 2-year delay on the tax," he explained.
2024.December.1PiCK
BTC
"Michael Saylor meets with Microsoft to discuss Bitcoin adoption"
Michael Saylor, the CEO of MicroStrategy, has made a presentation on the topic of Bitcoin (BTC) acquisition during a meeting with Microsoft (MS). On the 2nd (local time), Saylor conducted a 3-minute presentation on his X (formerly Twitter) explaining why the company should choose Bitcoin. Meanwhile, MS is expected to hold a shareholder meeting in December where a vote on Bitcoin investment will take place. The MS meeting encouraged shareholders to oppose this proposal while evaluating investments in various assets, including Bitcoin.
2024.December.1General
XRP
SOL
[Market] Ripple, Surges by 2 Dollars... Surpasses Solana to Rank 4th in Market Cap
Ripple (XRP) continues its upward trend, surging by 2 dollars, and has surpassed Solana (SOL) in the market capitalization rankings. As of 6:53 AM on the 2nd, based on CoinMarketCap, Ripple is trading at 2.17 dollars, up 12.92%% from the previous day. On Upbit, it is trading at 2986 won, up 10.39%% from the previous day. With the upward trend, CoinMarketCap records a market capitalization of 124.3 billion dollars, surpassing Solana (112.8 billion dollars), and rising to 4th place in the market capitalization rankings.
2024.December.1PiCK
Cathie Wood: "The Era of Complete Deregulation in Technology and Virtual Assets Will Open with Trump's Re-election"
Cathie Wood, CEO of ARK Invest, expressed her expectation that a complete deregulation era in the technology and virtual assets (cryptocurrency) sector will open with Donald Trump's re-election. According to Bloomberg on the 2nd (local time), Cathie Wood appeared on CNN's 'Inside Politics' and stated, "With Trump's re-election, a complete deregulation era in the technology and virtual assets sector is expected to open. The U.S. almost lost its lead in the virtual assets sector," criticizing the existing administration and Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), for outdated industry regulations. She also predicted, "Virtual assets and Artificial Intelligence (AI) are technologies that the U.S. should proactively utilize to lead the era," adding, "If regulatory system changes align with these two sectors, it will be a significant turning point."
2024.December.1General
Consideration of Tax Exemption for Institutional and Family Office Virtual Asset Income
The Hong Kong government is reportedly discussing tax exemptions for virtual asset (cryptocurrency) investment income from institutions and Family Offices. According to the Financial Times (FT) on the 28th (local time), the Hong Kong government recently announced a proposal stating that it is "discussing tax exemptions for virtual asset investment income from entities such as Samo Fund, Hedge Fund, and Family Offices." According to the proposal, virtual assets are included in the expansion plan of the existing financial investment income tax exemption, and the Hong Kong government is conducting consultations on the plan for six weeks. Regarding this, Patrick Ip, Deloitte's vice chairman, said, "Some Family Offices in Hong Kong are subject to about 20%% of their virtual assets being taxed. This bill is an important step to elevate Hong Kong's position as a financial and virtual asset trading hub."
2024.November.28General
TRX
[Analysis] "TRON is in an overbought zone... High possibility of decline"
TRON(TRX) is in an overbought zone, and there is an analysis that the possibility of a decline is high. On the 28th (local time), CryptoQuant author joaowedson stated, "TRON's 180-day Sharpe Ratio has entered the overbought zone. The Sharpe Ratio is an indicator that evaluates how much return an investor can earn relative to risk, and when this indicator shows an extreme value, adjustments have occurred." He added, "TRON may temporarily continue its upward trend, but maintaining a position in the overbought zone requires caution. Going forward, the possibility of a decline is higher than an upward trend, and it could be a situation not favorable for a long position."
2024.November.28General
ETH
10X Research "Tornado Cash ruling will greatly help Ethereum and DeFi"
Recently, a U.S. district court ruled that the Treasury's sanctions on Tornado Cash smart contract are illegal, which is seen as a positive for Ethereum (ETH) and DeFi. According to Decrypt on the 28th (local time), the analysis firm 10X Research stated, "This ruling establishes a precedent where programmers are not held liable for sanctions and can develop smart contract protocols without fear." Furthermore, "Ethereum is a representative blockchain for DeFi, and this ruling is expected to have a positive impact on the DeFi ecosystem," it was evaluated. Previously, in 2022, the U.S. Treasury's Office of Foreign Assets Control (OFAC) designated Tornado Cash as a sanctioned entity. Subsequently, a federal court issued a ruling supporting this, and last year, six employees of CoinBase filed a lawsuit against this decision. Later, a U.S. district court ruled that Tornado Cash's 'open source, immutable smart contract' is not a sanctionable asset and overturned the previous ruling.
2024.November.28General
STAT
[KIW 2024] Park Joo-hwan, Co-CEO of STAT, "Aiming to Resolve Information Asymmetry in the Crypto Market... Plans to Enhance STAT AI"
Park Joo-hwan, Co-CEO of STAT, explained the company's goals and future business plans. On the 12th, Park Joo-hwan, Co-CEO of STAT, stated at the Korea Investment Week (KIW 2024) Bloomingbit Conference held at the Conrad Grand Ballroom in Yeouido, "STAT is striving to resolve the information asymmetry in the crypto market. We aim to become a platform that provides on-chain and off-chain data, along with a plethora of online information, faster than other platforms, allowing investors to quickly access this information." The platform structure of STAT consists of six main features: a credible news channel, a community where users can share opinions, the 'STAT Info Bot' that aggregates fragmented information, 'STAT Live' which provides real-time voice information on crypto assets, the 'STAT AI Report' offering an analysis report based on popular articles and community data within 24 hours, and 'STAT Membership' which allows access to key features. Regarding this, CEO Park stated, "These features can be checked on Hankyung Bloomingbit. STAT utilizes Bloomingbit as a credible news platform. Bloomingbit is a blockchain-specialized subsidiary of Korea's No.1 economic media, Hankyung Media Group, capable of delivering news to many Web2 and Web3 users," adding, "STAT is a strategic investor and cooperative operator of Bloomingbit, engaging in various collaborations." Meanwhile, CEO Park also explained the future roadmap. He said, "In the first and second quarters of this year, we developed and launched the planned features with Bloomingbit. In the third quarter, we completed the development and launch of STAT AI and began preparing for the onboarding of foundations by developing foundation membership," adding, "In the fourth quarter, we plan to enhance STAT AI using data from community comments and replies."
2024.September.12PiCK