Over the past 24 hours, the 'main explosive multiple orders' have sold out $112 million across the entire network, with multiple orders selling out $61.82 million

[XRP Investor Loses $3 Million Due to Hot Wallet Breach] An XRP investor lost $3 million worth of XRP assets after entering the seed phrase of their cold wallet into another iPad, exposing the private key and turning it into a hot wallet. Experts remind that cold wallets are better suited for protecting large amounts of crypto assets. (Cointelegraph)

[New York State Proposes Electricity Consumption Tax on Proof-of-Work Mining Companies] Last Friday, New York State Democratic Assemblymember Anna Kelles introduced Bill A9138 in the State Assembly and submitted it to the Ways and Means Committee for review. The bill aims to impose a consumption tax on the electricity used by cryptocurrency mining companies employing the Proof-of-Work (PoW) mechanism, complementing Bill S8518 proposed by Senator Liz Krueger. The two bills require crypto mining companies to pay fees to New York State's Energy Affordability Program based on electricity consumption, with specific tax rates applied in tiers. Consumption up to 2.25 million kilowatt-hours will be tax-exempt, while usage exceeding this threshold will be taxed at rates ranging from 2 to 5 cents per kilowatt-hour. Bill A9138 also stipulates that mining facilities powered entirely by renewable energy and operating off-grid will be exempt from the tax to promote sustainable development. If passed, the tax will take effect on January 1, 2027. Both bills are currently under committee review.

[21Shares, Bitwise, and WisdomTree Launch Bitcoin and Ethereum ETPs in the UK, Lower Fees to Attract Retail Investors] Crypto asset management companies 21Shares, Bitwise, and WisdomTree have made their Bitcoin and Ethereum exchange-traded products (ETPs) available to UK retail investors on the London Stock Exchange. Among them, 21Shares' Ethereum ETP offers staking functionality and has reduced the management fee for certain products to 0.1%. WisdomTree's Bitcoin and Ethereum ETPs have management fees of 0.15% and 0.35%, respectively. Bitwise, on the other hand, has lowered the management fee for its core Bitcoin ETP to 0.05% for at least the next six months. This move follows the UK Financial Conduct Authority (FCA)'s relaxation of cryptocurrency-related restrictions, reflecting the market's growing interest in crypto asset investments.

[Solana Co-founder Toly Suspected of Independently Developing Decentralized Exchange] Community user monitoring indicates that Solana co-founder Toly is suspected of independently developing the Solana-based decentralized exchange Hyperliquid.

[Bhutan Government Transfers 108.8 Bitcoins, Still Holds 6,262 Bitcoins] The Bhutan government recently transferred 108.8 Bitcoins, valued at approximately $12.06 million. It currently still holds 6,262 Bitcoins, with a market value of about $694 million. This transaction further demonstrates its dynamic management of crypto assets. (Lookonchain)