1. The State Council Approves Pilot Reforms for Blockchain Technology Applications in Multiple Regions
The State Council has approved a comprehensive reform pilot plan for the market-oriented allocation of factors in several regions across the country, involving multiple explorations of blockchain technology applications: Southern Jiangsu plans to promote blockchain green asset trading; Hangzhou, Ningbo, and Wenzhou encourage the integration of blockchain and privacy computing to promote data fusion; the Hefei metropolitan area explores blockchain to enhance data circulation efficiency; Zhengzhou strengthens the application of blockchain technology in data security; and Changsha, Zhuzhou, and Xiangtan focus on innovation in blockchain underlying technology and the cultivation of industrial ecosystems. -Original
2. IRS Advances Real-Time Blockchain Tracking, Strengthens Crypto Regulation
The IRS has been continuously strengthening its regulation of cryptocurrencies since 2017, gradually shifting from targeted investigations to near real-time blockchain tracking. Tax attorney David Klasing stated that the IRS obtained user data from several exchanges, including Coinbase and Kraken, through "John Doe subpoenas." In 2021, the total amount of cryptocurrency assets seized by the IRS reached $3.5 billion, accounting for 93% of the total asset seizures that year. According to the TIGTA 2024 report, 75% of users identified through exchange data have potential tax non-compliance issues. The IRS initiated 216 audits in 2023 and sent nearly 15,000 "soft letters" to users. The new 1099-DA reporting system will be implemented in 2025, requiring the reporting of disposal gains, with additional basic information reporting starting in 2026. Privacy advocates lost a case in July at the Supreme Court, failing to stop the IRS from legally obtaining Coinbase data through subpoenas. -Original
3. Trump Urges Court to Approve Dismissal of Federal Reserve Governor Cook
On September 14, President Trump submitted a final request to the U.S. Court of Appeals to approve the dismissal of Federal Reserve Governor Cook, accusing him of mortgage fraud. Trump expressed hope to complete this action before the Federal Reserve announces its interest rate decision next week and emphasized that Cook has so far failed to provide a strong rebuttal to the relevant accusations. This move could have significant implications for the upcoming Federal Reserve meeting and market expectations. -Original
4. Market Focus Shifts to 25 Basis Point Rate Cut Expectation by the Federal Reserve
According to Shanghai Securities News, the market widely expects the Federal Reserve to cut interest rates this week, with a 25 basis point cut being highly likely, although a 50 basis point cut cannot be ruled out. Analysts believe that a rate cut may provide short-term benefits to the stock market, while the dollar index may weaken. Market attention has shifted to the extent of the rate cut, policy statements, and their impact on market expectations. -Original
5. BlackRock Executive Rick Reed Becomes a Leading Candidate for Federal Reserve Chair
According to sources, BlackRock executive Rick Reed's ranking among candidates for the Federal Reserve chair has been steadily rising. U.S. Treasury Secretary Yellen interviewed Reed for two hours last week to discuss monetary policy and other topics. Reports indicate that Yellen was impressed with Reed's experience in financial markets and economic understanding. Reed previously suggested a 50 basis point rate cut, exceeding market expectations. The selection process is still ongoing, and more candidates may join the list. -Original
6. Galaxy Digital Significantly Increases Holdings of 932,000 SOL
On September 14, Arkham reported that Galaxy Digital has once again increased its holdings by 932,000 SOL (approximately $230 million) in the past six hours. -Original
7. European Central Bank to Decide Next Steps for Digital Euro Plan Next Month
The Governing Council of the European Central Bank will decide on the next steps for the digital euro (CBDC) next month after the preparation phase concludes. President Lagarde has called on EU countries to quickly establish a relevant legislative framework to support the launch of the digital euro. -Original
8. Amazon Hiring Cryptocurrency Ecosystem Head with $500,000 Annual Salary
According to @peterizzo, Amazon, with a market value of $2 trillion, has posted a job opening for a "Head of Cryptocurrency Ecosystem" with an annual salary of $500,000. -Original
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