AmericanBitcoin Corp's holdings increase to 7300 bitcoins
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According to BitcoinReasures.NET data, AmericanBitcoin Corp increased its holdings by 300 bitcoins, bringing its total holdings to 7300, ranking 16th on the Bitcoin holdings chart.
According to The Block, Core Scientific released its first quarter financial report with a net loss of $347 million, compared to a net profit of $576 million in the same period last year. The total revenue of the company was 115.2 million US dollars, a year-on-year increase of 45%. The revenue from the custody business reached 77.5 million US dollars, far higher than the 8.6 million US dollars in the same period last year; The revenue from self mining decreased from $67.2 million to $30.1 million, due to a 45% decrease in Bitcoin mining volume and an 18% drop in average price. After the release of the financial report, the company's stock price fell 7% in after hours trading.
According to Edaily, Moon Kyung ho, the income tax chief of the South Korean Ministry of Finance and Economy, stated that the government will impose taxes on virtual assets starting from January 1st next year. According to the current income tax law, income from the transfer or lending of virtual assets exceeding 2.5 million Korean won will be subject to a 22% tax rate, including 20% other income tax and 2% local income tax. This tax is expected to involve approximately 13.26 million investors. Moon Kyung ho stated that the National Tax Agency is developing relevant notices and has had multiple discussions with the five major virtual asset operators. The legislative notice will be released soon.
According to CNBC, on May 7th, Tom Lee stated that the US stock market has reached a record high, but the valuations of AI and semiconductor related stocks are still reasonable, with a forward P/E ratio of about 22 times, lower than the historical high of the past 20 years. He believes that the demand in related industries is strong, and the S&P 500 may reach 7700 points or higher by the end of the year.
Ethos, an AI driven human intelligence on-demand matching platform, has raised $227 million in Series A funding, led by a16z, with participation from General Catalyst, XTX Markets, Matt Miller, and Common Magic. Ethos uses AI to interview candidates and analyze their academic papers, code, and other professional content to establish detailed skill profiles.
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