Elon Musk's X platform urges Supreme Court to protect Coinbase users from IRS investigation

According to Lookonchain monitoring, 20 minutes ago, a giant whale released its pledge and deposited 71448 SOLs (worth 8.54 million US dollars) into Binance. The giant whale still has 568000 SOLs (worth 68 million US dollars) in a pledged state.

BlockBeats News: On April 3rd, Bitcoin developer Ruben Somsen posted that the email list of the Bitcoin development team BitcoinDev has been "permanently removed" by Google. Ruben previously stated, "To my knowledge, no inappropriate content has been posted Subsequently, the update stated, 'Originally, we did receive more information, but it was placed in the spam folder (ironically). Obviously, we have been' permanently removed '.'. What is our fault? We are considered as' unnecessary content '. Really, Google? Is open source development 'unpopular'? It seems we have to migrate again Block CEO Jack Dorsey has forwarded a tweet supporting Ruben Somsen and raised questions to Google CEO Sundar Pichai.

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.

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;

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.