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⭐️ 20% cryptocurrency tax in Korea

The Democratic Party of South Korea will enforce a 20% tax on cryptocurrency from January 2025.

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FTX: Chief engineer avoids prison He was spared prison time and sentenced to three years of supervised release by a Manhattan federal judge due to his limited role in FTX’s collapse and significant cooperation with the government. He must also forfeit around…
⚠️ FTX: Another chief avoids prison

The last of FTX’s executives, Gary Wang, was spared prison time by US District Judge Lewis Kaplan. "Wang’s cooperation was exemplary" — Kaplan said.

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🔝 Successful Investment

Following recent major investments in Bitcoin, Microstrategy has entered the Top 100 publicly traded US companies after BTC reached the $94,000 mark.

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BTC hits 97,750

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⭐️ Bhutan — the new crypto nation?

Bhutan’s crypto holdings exceed $1.1 billion, over a third of its GDP. This is the result of rising BTC price and a deliberate strategy to increase crypto assets.

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Read more.

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Justin Sun bought Maurizio Cattelan’s artwork, "Comedian", for $6.2 million in crypto at a Sotheby’s auction in New York.

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📣 Gary Gensler steps down as SEC Chair

On January 20, 2025, Gary Gensler will resign from his position as SEC Chair. We have detailed potential candidate here.

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🪙 Bitcoin: new day, new records

Yesterday, the “Bitcoin Industrial Complex” trading volumes reached a record $70 billion, exceeding the previous $55 billion record, coinciding with Bitcoin’s all-time high.

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💎 Etherium faces ATH?

Despite a $1.3B whale sell-off, ETH is poised to break above $3,700 due to a developing bull flag, say market analysts.

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The UK Labour government plans to introduce a cryptocurrency regulatory framework in early 2025 to enhance oversight of key areas like stablecoins and staking, joining a global effort to regulate the industry.

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⚠️ North Korean hackers and the notorious ETH theft

South Korean authorities confirmed that North Korean hacker groups Lazarus and Andariel were behind the 2019 Upbit hack, resulting in the theft of 342,000 Ether valued at $50M then, now worth over $1.1B.

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🔽 Analysis: How could the FTX bankruptcy process affect the market?

Key points:

• FTX transferred RAY tokens worth over $11 million and SOL tokens valued under $5 million to Binance.

• FTX retains 6.46 million RAY tokens, valued at $38.73 million.

• The speed of FTX’s asset liquidation remains uncertain, with potential market effects depending on whether the RAY tokens are released gradually or all at once.


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📣 Binance sets new record with $8.73B inflows

Binance crypto exchange reported $8.73 billion in inflows last month, boosting its total assets to nearly $154.9 billion.

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💎 TON is also on the rise

Toncoin surged by 15% in 24 hours, breaking the $6.2 mark for the first time since Pavel Durov’s arrest.

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Justin Sun bought Maurizio Cattelan’s artwork, "Comedian", for $6.2 million in crypto at a Sotheby’s auction in New York. @just 📰
📣 The crypto banana will be eaten

Cryptocurrency entrepreneur Justin Sun plans to eat a banana taped to a wall, an artwork he bought for $6.24 million at Sotheby’s auction in New York.

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⚠️ Record $8.2 billion by penalties

In 2024, the SEC collected $8.2 billion in penalties, mainly from Terraform Labs, while returning over $345 million to investors.

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💲 Tether mints $3 billion USDT in past 24 hours

The largest stablecoin issuer has minted over $3 billion in USDT in the last 24 hours, totaling over $13 billion for November.

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Bitget has integrated bank transfers in Vietnam via QR codes, becoming the first exchange to do so. This feature enables seamless VND deposits and withdrawals, improving access to the crypto market.

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🔽 Bitcoin plummets sharply

Bitcoin still hasn’t reached the coveted $100,000 mark, struggling the past week to break its ATH. The coin is now below $95,000.

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