ETH falls below the $2400 mark

Odaily Planet Daily News: According to Doppler Finance, the XRPfi Batch 5 event has now started, and depositing XRP can earn profits on XRPfi. The maximum limit for this event is 20 million XRP.

According to the Form 8-K filing submitted by Strategy (formerly MicroStrategy) to the SEC, on May 16th, the company, along with its CEO Michael Saylor, CFO Phong Le, and executive Andrew Kang, were sued collectively in the Federal District Court for the Eastern District of Virginia. The plaintiff Anas Hamza, representing the collective of investors from April 30, 2024 to April 4, 2025, accuses the company of violating relevant provisions of the Securities and Exchange Act. The plaintiff claims that the defendant made false or misleading statements regarding the company's Bitcoin investment strategy and expected profitability of financial operations, did not disclose relevant information and Bitcoin volatility risks, and did not disclose the potential size of losses that may be recognized after adopting new accounting standards. The lawsuit demands payment of unspecified damages, etc. MicroStrategy stated that it will actively defend itself, but currently cannot predict the outcome or provide an estimate of losses.

Click on the link to enter Tencent Meeting Live: https://meeting.tencent.com/p/5658778060 We conducted a review of this week's market yesterday. Speaking of this Monday, if the market closes at 8am today, it will now be above 104800. I believe that there will be a higher upward trend in prices this week. But we emphasized a principle, which is that while the weekly level determines the structure of 110000 points, the purpose of going up is still to go down. At present, the daily chart level has shown a rapid decline after reaching 107000 points, and we have already discussed this decline behavior yesterday. Above 106000 and within 110000, there are opportunities for us to conduct empty order operations. Have you all entered the market for trading? Ether experienced a large fluctuation in the opening and closing of the upper and lower pins. But overall, there has been no movement to follow the rise of the pancake. In this context, I believe that the unilateral rise of the pancake is an individual behavior. He did not drive a significant increase in the overall market. If based on this conclusion, we believe that the current rise in the market is only a short-term behavior, which means that at least from the current situation, Dalian still meets our expectations from yesterday and believes that there will be an upward trend followed by a downward trend. However, currently, after breaking through the pressure of the 104800 platform, the Big Dipper also needs to step back to confirm the support action at this position. If the support at this position is effective, we believe that the market will undergo a grinding action at this position. If this position breaks down, the entire market is believed to initiate a trend oriented downward movement. Of course, today is Monday and the weekly market has just opened. As usual, we will still pay attention to and observe the fluctuations of the market before conducting further analysis. That is to say, during tonight's live broadcast, we will try to analyze the more likely fluctuations in the future market. QQ group number: 701829134 AiCoin： https://aicoin.com/link/chat?cid=2ARLLeaoM Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.

According to Cointelegraph, a criminal case verdict in Australia may trigger a $640 million Bitcoin tax refund. Victorian Judge Michael O&39; Connell ruled during the trial of a theft case involving 81.6 bitcoins (currently worth approximately $13 million) that bitcoins should be considered as currency rather than taxable assets. The ruling directly challenges the position of the Australian Taxation Office (ATO) since 2014, which has consistently classified cryptocurrencies as capital gains tax (CGT) assets. Tax lawyer Adrian Cartland pointed out that if the verdict is upheld on appeal, it could bring a total of AUD 1 billion (approximately USD 640 million) in tax refunds to Bitcoin traders. ATO has not yet confirmed the specific amount of tax refund. It is worth noting that the judge analogized Bitcoin to Australian dollars rather than assets such as stocks and gold in the ruling, which may exempt Bitcoin trading from the current CGT system. ATO previously stipulated that any disposal of Bitcoin (including exchanging fiat currency, trading other cryptocurrencies, or purchasing goods) constitutes a CGT taxable event.

According to Finance Feeds, (Crypto. com) has partnered with US digital asset investment firm Canary Capital Group to launch the first CRO trust fund in the United States, known as Canary CRO Trust. This product will provide qualified investors with regulated CRO asset exposure and track CRO market prices through trust structures. This is a new initiative by Crypto.com to further expand access for US institutional investors, following its previous partnership with Trump Media Technology Group to launch a crypto ETF.