Arthur Hayes predicts ETH price to reach $10000 by the end of the year

DeepSeek collaborates with Huawei to adapt AI training and inference underlying components to Ascend chips, covering operator development, matrix computing, cross card communication, Attention, and data filtering. DeepSeek V4 has started adapting to the Ascend 950, with Huawei chips participating in some V4 training. Liang Wenfeng will prioritize increasing domestic chip training and is expected to acquire new Huawei training chips in the fourth quarter. (Source: Reuters, The Information)

The Illinois tax department has released a draft of a 0.2% digital asset transaction tax, which considers stablecoins as taxable digital assets and excludes non fungible tokens from taxation. DeFi transactions are usually exempt, but payment of protocol fees by users for operating or maintaining the platform may trigger taxation. Only network fees and exchange fees paid to liquidity providers do not trigger this tax. Cross chain bridging through digital asset brokers and payment of consideration is considered a taxable exchange activity, and fees charged by centralized exchanges when transferring funds to self custodial wallets may also be subject to taxation. The tax law was approved in June and is scheduled to take effect on January 1, 2027. The deadline for soliciting opinions on the draft is October 30. (Source: Cointelegraph)

Arthur Hayes predicts that the price of ETH will reach $10000 by the end of this year.

Metaplex, the Solana ecosystem tokenization platform, has launched MPL-3643, which supports the direct issuance of real-world assets and tokenized securities on Solana without the need for encapsulated asset models. MPL-3643 embeds transfer restrictions, lock up periods, and compliance lifecycle management functions into assets, and is built on Token-2022, sRFC 37, and Solana Attestation Service. Currently, it has entered the Alpha stage of limited access.

A trend guage tracked on onchain analysis firm CryptoQuant is near its ceiling. The buyers who drove BTC to an eight-month high are already pulling back.