ETH falls below the $4400 mark

[Ukrainian Parliament Passes Initial Reading of Cryptocurrency Legalization and Taxation Bill] The Ukrainian Parliament has completed the first reading of a bill on the legalization of cryptocurrencies and related taxation. According to a social media statement by MP Yaroslav Zhelezniak, the bill proposes an 18% income tax and a 5% military tax on digital asset profits, while offering a preferential 5% tax rate for the first year of converting digital assets into fiat currency. Zhelezniak noted that the bill is still in its preliminary stage, and significant adjustments to its content may occur before the second reading. The final regulatory authority has yet to be determined, with potential candidates being the National Bank of Ukraine or the National Securities and Stock Market Commission.

[Coinbase Files Patent Invalidity Lawsuit Against Dynapass] Foresight News reports that Coinbase has filed a lawsuit in the U.S. District Court for the Central District of California, seeking a declaratory judgment against Dynapass Inc. and Dynapass IP Holdings LLC. The lawsuit claims that Coinbase has not infringed on U.S. Patent No. 6,993,658 and requests the court to declare the patent invalid. The legal filing was submitted by Coinbase's attorneys and includes a demand for a jury trial. Coinbase Chief Legal Officer Paul Grewal stated that the company will take legal action to combat such 'patent trolling' behavior.

The current price of ETH is $4428.78, with a 1.97% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 109 million US dollars, with the main liquidation being short orders and ETH liquidation being 31.62 million US dollars (28.93%). The data is for reference only.

[U.S. Crypto Stocks Mostly Decline, BLSH, BNC, ALTS Drop Over 10%, Trump Family Mining Company ABTC Closes Up 16.52% on First Trading Day] BlockBeats News, September 4 — According to market data, U.S. stocks closed on Wednesday with the Dow slightly down, the S&P 500 index down 0.5%, and the Nasdaq up 1%. Cryptocurrency-related stocks mostly declined, with some individual stocks rising against the trend, including: Coinbase (COIN) down 0.41%, trading volume $1.589 billion Circle (CRCL) up 1.40%, trading volume $1.126 billion Strategy (MSTR) down 3.33%, trading volume $3.076 billion Bullish (BLSH) down 12.53%, trading volume $363 million Bitmine (BMNR) up 5.58%, trading volume $1.820 billion BTCS (BTCS) up 6.62%, trading volume $10.029 million SharpLink Gaming (SBET) down 0.94%, trading volume $509 million BNB Network Company (BNC) down 10.97%, trading volume $6.6606 million ALT5 Sigma (ALTS) down 19.53%, trading volume $124 million Trump Family Mining Company American Bitcoin (ABTC) closed up 16.52% on its first trading day, trading volume $291 million

[South Korea Financial Services Commission Transfers Suspects of Cryptocurrency Price Manipulation to Prosecutors] The South Korea Financial Services Commission has announced the transfer of individuals suspected of manipulating the virtual asset market and engaging in unfair trading practices to prosecutors, along with imposing fines on certain suspects. A "large whale" investor was accused of using hundreds of billions of won to drive up cryptocurrency prices before selling off for illegal profits. Another case involved profiting by spreading false positive information via social media. Additionally, authorities have issued their first fine under the Virtual Asset User Protection Act for intelligent unfair trading practices.