Market News: Coinbase resumes Bitcoin loan service for US users
2025-01-16 13:35
Odaily Planet Daily News: According to market sources, Coinbase has announced through MORPHO: DEFILLAMA restores Bitcoin loans for US users.
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More >Today 2025-04-03
01:54
Treasure is facing restructuring due to financial crisis and will terminate game operations and Treasure Chain
According to BlockBeats, on April 3rd, John, the chief contributor of Treasure DAO, a blockchain gaming ecosystem, announced that he will terminate game operations and Treasure Chain due to a restructuring caused by deteriorating financial conditions. The document shows that its annual operating expenses are as high as $8.3 million, while the current treasury only has $2.4 million left, which was originally expected to last until July 2025. Chief contributor John has resumed his leadership role, revealing that the team size had reached 40 people, with an annual labor cost of 6.1 million US dollars and infrastructure costs of 3 million US dollars, including a fixed annual cost of 450000 US dollars for Treasure Chain. Faced with survival pressure, DAO has laid off 15 employees and decided to terminate game distribution support and Treasure Chain, and assist partners in migrating to other chains. To extend the funding runway, John proposes to withdraw the idle $785000 from market maker Flowdesk. If approved, the stablecoin balance will increase to $3.2 million, and the operation of Coca Cola will be extended until February 2026. In addition, the ecological fund holds 22.3 million MAGIC (worth 2.3 million US dollars), but if MAGIC prices plummet, DAO may find it difficult to sustain between December this year and February next year. The future new strategy will focus on four major products: Market, Bridgeworld, Smolworld, and AI agent expansion technology, aiming to showcase the application potential of MAGIC through Smols and Bridgeworld, and develop Neurochimp agents to enhance market competitiveness. Community conference calls and governance proposals are coming soon, including retiring Treasure Chain, adjusting market positioning, etc., with the goal of reversing the current decline through streamlining operations.
01:53
The South African Taxation Office urges individuals involved in cryptocurrency transactions to register with the authorities to curb tax evasion
According to Bloomberg, the South African Revenue Service is urging individuals involved in cryptocurrency trading to register with the authorities to curb tax evasion. Edward Kieswetter, Commissioner of the South African Revenue Service, said in an interview, "We have invited taxpayers, exchanges, and other intermediaries to register, as not registering now is illegal. Through the registration process, we will gather information about these market entities and track their business activities." The South African Revenue Service is taking multiple measures to identify cryptocurrency traders to initiate enforcement, but Kieswetter admitted:; This is a systems engineering project, and comprehensive control will take time& 34;
01:43
Japanese listed gaming company Enish announces purchase of 100 million yen worth of Bitcoin
According to CoinPost, Enish, a Japanese gaming company listed on the Tokyo Stock Exchange, announced on April 1st that it has completed a strategic Bitcoin purchase worth 100 million yen (approximately $660000). The acquisition of Bitcoin aims to deepen our understanding of blockchain technology and strengthen our technological capabilities in game development. Enish stated that it positions cryptocurrency investment as an important part of its financial strategy, while achieving diversification of financial assets, it also looks forward to the profit opportunities brought by Bitcoin's liquidity, market size stability, and future price increases. In addition, the company will allocate some of its working capital to Bitcoin assets in order to strengthen its business foundation and enhance its technological level. Regarding the Bitcoin assets held, the company plans to conduct quarterly market value assessments and include valuation gains and losses in the income statement. If there are significant issues that may affect performance, information disclosure will be made in a timely manner.
01:37
RAY abnormal, up 7.34% in 24H
OKX-RAY is currently priced at $1.90, with a 24-hour increase of 7.34%. 24-hour transaction volume of 100 million US dollars, an increase of 336.56%, for reference only
01:16
Sun Yuchen: FDT case shows that there may be obvious loopholes in the Hong Kong trust industry that can be used to evade financial and banking supervision
According to Foresight News, Sun Yuchen tweeted that "First Digital Trust (FDT) is no longer able to fulfill its obligation to redeem customer funds and has in fact fallen into insolvency. However, despite significant violations, the institution continues to operate in Hong Kong under the name of a public trust. This case indicates that there may be obvious loopholes in the Hong Kong trust industry that can be used to circumvent financial and banking regulations. This not only poses a risk to the public, but also threatens Hong Kong's reputation as a global financial center. I strongly urge Hong Kong regulatory agencies and law enforcement agencies to take decisive measures to plug loopholes and prevent further losses to the public