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5/21
21:26
Svmuu reported that the Finance Committee of the German Bundestag has rejected a cryptocurrency tax reform proposal put forward by the Green Party.
The proposal originally aimed to abolish the policy that exempts capital gains tax on cryptocurrencies sold after being held for more than one year. Under current German law, individuals are exempt from capital gains tax when selling crypto assets held for over a year.
The Green Party argued that crypto assets should be subject to the same tax rules as other investment assets. However, opponents pointed out that the proposal could result in a higher tax burden for crypto investors compared to ordinary stock investors. The Green Party estimated that scrapping the relevant tax exemption could generate an additional approximately €11.4 billion in tax revenue annually for Germany. (Cryptopolitan)
21:24
Svmuu reported that Galaxy Digital founder Michael Novogratz and BitGo CEO Mike Belshe are currently litigating over the failed $1.2 billion merger deal from four years ago.
According to reports, the transaction was originally intended to take the combined company public on Nasdaq, but was later terminated due to adjustments in SEC accounting guidance and market liquidity crises triggered by the Terra/Luna collapse.
BitGo is demanding that Galaxy pay at least $100 million in termination fees, and accuses Galaxy of failing to take reasonable steps to advance the transaction while concealing details of an investigation by U.S. regulators. In response, Novogratz stated that Galaxy was not the subject of the investigation, and argued that BitGo has lost its eligibility to claim the termination fee for failing to submit required financial statements on time. (Bloomberg)
21:09
Svmuu reported that Polymarket official Mustafa stated on X that the "Taker Fee Rebate Program" will be launched next week, with direct taker users eligible for up to a 50% fee rebate.
According to data disclosed by Mustafa, to qualify for the taker fee rebate, users must have a weighted trading volume exceeding $2,000 over the past 30 days. To reach the highest tier (50%) of the taker fee rebate, the weighted trading volume over the past 30 days must exceed $10 million.
Polymarket will launch the "Taker Fee Rebate Program" next week, offering up to a 50% taker fee rebate
21:07
Svmuu reports, according to Onchain Lens monitoring, trader Evaded (@ICanPlug) has increased his 25x leveraged ETH long position to 18,100 ETH, with a position value of approximately $38.5 million.
Additionally, he still holds 10x leveraged long positions on ZEC and HYPE, with the floating profit from these positions currently exceeding $7.6 million.
21:06
Svmuu reported that amid the escalating risk of conflict between Iran and the United States, financing networks linked to the Iranian regime have used Binance to establish a secret payment system to continuously funnel funds to military forces.
According to the report, the network is operated by Iranian businessman Babak Zanjani, who describes himself as an "anti-sanctions" manipulator. Internal compliance reports from Binance show that as of last December, the network had conducted approximately 850 million US dollars in transactions through Binance over the past two years, with most of the transactions concentrated in a single account. (WSJ)
21:05
Svmuu news – U.S. Representative Nick Begich has introduced the "American Reserve Modernization Act," which has garnered support from 16 original co-sponsors.
The bill proposes establishing a strategic Bitcoin reserve, consolidating digital assets held by the federal government, and locking Bitcoin as a long-term reserve asset for at least 20 years. It also calls for studying budget-neutral Bitcoin purchase strategies and preventing future administrations or Congress from liquidating the reserves in question.
Reports indicate that Trump had previously established a strategic Bitcoin reserve through an executive order, and this bill aims to formalize those arrangements into law. (Bitcoin News)
21:03
According to data from MSX.COM, U.S. stock markets closed with the Dow Jones rising 0.55%, the S&P 500 gaining 0.17%, and the Nasdaq climbing 0.09%, while the VIX fear index fell 3.9%. Crypto-related stocks saw broad gains, with FRMM rising 17.59%, Bit Digital up 10.23%, Hut 8 increasing 9.07%, DeFi Development gaining 3.74%, and Riot Platforms rising 3.38%. It is reported that MSX.COM is a decentralized RWA trading platform, which has listed hundreds of RWA tokens to date, covering U.S. stocks and ETF token targets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.
21:02
According to market data, the edgeX native token EDGE broke through $1.52 today, reaching a new all-time high. This represents an accumulated increase of approximately 300% from its TGE opening price. EDGE is currently listed on multiple trading platforms, including Bithumb, OKX, Binance Alpha, Bybit, Coinbase, and Bitget.
Market attention is primarily focused on the edgeX V2 upgrade, the growing trading volume in the TradFi segment, and the platform's ongoing buyback mechanism. With the rising demand for trading on-chain assets such as stocks and commodities, edgeX has recently experienced a sustained increase in market interest.
21:02
According to the latest data from Gate, gold prices have fallen to $4,526.84 per ounce, a daily decline of 0.34%. Silver prices have dropped to $76.193 per ounce, a daily decline of 0%.

The BVIX (BTC Volatility Index) is currently quoted at 37.26, a daily decline of 3.17%. The EVIX (ETH Volatility Index) is currently quoted at 52.56, a daily decline of 1.76%.

In the forex market, the offshore Chinese yuan (USD/CNH) fell 0.02% intraday, with the current exchange rate at 6.79852. The US dollar against the Japanese yen (USD/JPY) rose 0.12% intraday, with the current exchange rate at 159.097.

In global stock indices, the Euro Stoxx 50 (EUSTX50) rose 0.91% intraday to 6,014.33 points; the UK FTSE 100 (UK100) fell 0.15% intraday to 10,495 points; and the German DAX 40 (GER40) fell 0.19% intraday to 24,838.1 points.

In the commodities market, WTI crude oil fell 0.02% intraday to $101.65 per barrel. Brent crude oil fell 0.01% intraday to $106.03 per barrel.

Gate supports users in directly trading traditional financial market products on its platform, offering a one-stop service covering precious metals, forex, global stock Contracts for Difference (CFDs), key indices, and commodities, enabling deep integration of crypto assets with traditional financial assets. Gate's TradFi functionality is now fully integrated into both the Gate App and Web interface, allowing users to conveniently participate in global asset price trading without switching platforms, unlocking more strategies and opportunities beyond the crypto market, and continuously enhancing their diversified asset allocation experience.
20:55
According to Onchain Lens monitoring, a whale is accumulating BTC. Two newly created wallets received 500 BTC from Galaxy Digital, worth 38.84 million USD. Another wallet received 809 BTC from FalconX, worth 62.74 million USD. It currently holds 1,583.6 BTC across two wallets, valued at 124.42 million USD.
20:44
Svmuu News: According to Lookonchain data, over the past hour, a whale suspected to be affiliated with a16z has purchased another 261,250 HYPE tokens, worth $15.2 million. Since April 14, this whale has accumulated a total of 3.17 million HYPE tokens, worth $148.5 million, at an average price of $46.80, with current unrealized profits of $33 million.
20:36
Svmuu reports that Ki Young Ju, founder of CryptoQuant, stated on X that once the real Bitcoin bull market begins, all signals will become very clear, and the market has not yet entered this stage.
20:32
Svmuu reported that Apyx, a stablecoin project built on STRC, officially announced on X that the TGE and airdrop are scheduled for October 13. In addition, the second season points campaign is confirmed to end on October 11, and the token allocation corresponding to points will be increased from 4% to 6% of the total supply.
20:26
SvmuuNews Paradigm officially announced the open-sourcing of Centaur, a multi-user collaborative, secure, self-hosted AI Agent Runtime co-developed by Paradigm and Tempo.
Paradigm stated that since January of this year, the fund has been using Centaur internally, and it has completely changed the team's working methods, covering various task scenarios such as investment, engineering, design, recruitment, events, and customer service.
Centaur can be understood as a "shared Agent" that can call tools, run continuously for hours or even days, continue working after system restarts, and use real credentials to complete operations without ever touching raw secrets. Users can interact with it via Slack or call it through an API.
20:22
Svmuureported that according to Onchain Lens monitoring, trader Loracle (@loraclexyz) has deposited 616,670 HYPE into HyperLiquid, worth approximately $36 million, and has begun selling, with only about 78,000 HYPE remaining for sale.
In addition, the floating loss on his 5x leveraged HYPE short position has now expanded to $23 million, with a liquidation price of $83.34.
20:15
SvmuuNews: Billionaire investor Mark Cuban said he has sold most of his Bitcoin holdings, citing weakening confidence in Bitcoin as a hedge against fiat currency devaluation and geopolitical risks.
On a podcast, Cuban expressed disappointment that gold prices rose while Bitcoin fell after the outbreak of the Iran war, and that Bitcoin did not appreciate as expected when the U.S. dollar weakened.
Previously, Mark Cuban had called Bitcoin a "better version of gold," with about 60% of his crypto portfolio allocated to Bitcoin. He now says his disappointment with Bitcoin has surpassed that with Ethereum, and has referred to most other cryptocurrencies as "junk." (CoinDesk)
20:14
According to SoSoValue data, as of yesterday (May 21, Eastern Time), the HYPE spot ETF recorded a single-day total net inflow of $16.1505 million.
The HYPE spot ETF with the largest net inflow yesterday was the Bitwise Hyperliquid ETF (BHYP), which saw a single-day net inflow of $8.4406 million, bringing its historical total net inflow to $25.0030 million.
Second was the 21Shares Hyperliquid ETF (THYP), with a single-day net inflow of $7.7100 million, bringing its historical total net inflow to $42.5993 million.
As of press time, the total net asset value of HYPE spot ETFs stands at $81.1334 million, with a HYPE net asset ratio of 0.59%. The cumulative historical net inflow has reached $63.9552 million.
20:12
Svmuu, SEC Commissioner Hester Peirce stated that the SEC’s “innovation exemption” for tokenized stocks is expected to apply only to on-chain equity products.
She pointed out that synthetic tokens that merely mimic stock price performance but do not carry full shareholder rights are expected to be ineligible for the relevant regulatory exemption. (Cointelegraph)
20:08
Svmuu reported that analysts from JPMorgan stated that tokenized money market funds are expected to continue growing, but unless regulatory rules change, their size is unlikely to exceed 10% to 15% of the stablecoin market.
Data shows that the current size of tokenized money market funds is only about 5% of the stablecoin market. Analysts point out that stablecoins have become the primary cash instruments in the crypto ecosystem, widely used for collateral management, trading, settlement, cross-border payments, and daily liquidity management.
In contrast, tokenized money market funds are typically classified as securities and must comply with regulatory requirements such as registration, disclosure, reporting obligations, and transfer restrictions, making it difficult for them to circulate freely within the crypto ecosystem like stablecoins. (The Block)
20:03
Svmuu reports, according to monitoring by Onchain Lens, two wallets suspected to be linked to the same entity have closed their HYPE short positions, incurring losses exceeding $6.99 million. They subsequently withdrew the remaining USDC and deposited it into Coinbase.

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