Park Soo jung: The government should withdraw the tax plan for virtual asset income

According to The Kobeissi Letter, the number of full-time employees in the United States decreased by 106000 in July, reaching the lowest level since December 2024. （Cointelegraph）

Binance Alpha will launch KiiChain (KII) on August 14th, and eligible users can use Binance Alpha Points to receive airdrops after trading begins. （Binance Wallet）

Chain analyst Murphy stated that there are approximately 4.77 million BTC chips left to be bought in 2025, a 41.5% decrease from the peak in December last year. The reduction in chip size by 2025 reflects the selling of shares by holders, who are currently the largest potential supply side in the market. In contrast, BTC chips formed in 2024, 2023, and 2022 have basically completed the release of high-level lock ups. Referring to the historical cycle, the decrease in high-level chips in 2025 may be in the range of 50% -60%. Currently, there is still room for the release of the 41.5% decline, but this judgment does not take into account BTC bought by spot ETFs and MicroStrategy institutions.

[Metaplanet's Revenue Grew by 134% in the First Half of the Year, Bitcoin Holdings Reached 43,000 BTC] Metaplanet CEO Simon Gerovich disclosed that the company's revenue for the first half of fiscal year 2026 was 49.4 billion yen, a year-on-year increase of 134%; operating profit was 33.3 billion yen, a year-on-year increase of 136%; net assets were 3,408.8 billion yen, a decrease of 25.7% compared to the end of fiscal year 2025. Metaplanet's year-to-date Bitcoin return rate is 9.6%, operating profit margin is 67.4%, and Bitcoin holdings have reached 43,000 BTC.

According to Digital Asset, Park Soo yong, a member of the National Power Party in South Korea, criticized the government's plan to tax virtual asset earnings, calling it a punitive tax and demanding its immediate withdrawal. Park Soo jung stated that the plan puts 13 million digital asset users in danger and will not encourage investment in domestic stocks, but rather accelerate the outflow of national wealth. Park Soo jung pointed out that from January to September last year, about 124 trillion Korean won flowed into overseas digital asset exchanges.