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Bitcoin treasury companies enter the "Darwin phase," Galaxy warns of premium collapse
According to ChainCatcher, the price of bitcoin dropped from a high of $126,000 to the $80,000 range, causing Bitcoin Treasury Companies (DAT) to enter the "Darwin phase," with equity premiums collapsing, leverage becoming a burden, and most DAT stocks turning to discount trading.
A Galaxy Research report pointed out that some companies, such as NAKA, have plummeted 98% from their peak, while Strategy has raised $1.44 billion in cash reserves to cope with market volatility.
According to ChainCatcher, the price of bitcoin dropped from a high of $126,000 to the $80,000 range, causing Bitcoin Treasury Companies (DAT) to enter the "Darwin phase," with equity premiums collapsing, leverage becoming a burden, and most DAT stocks turning to discount trading.
A Galaxy Research report pointed out that some companies, such as NAKA, have plummeted 98% from their peak, while Strategy has raised $1.44 billion in cash reserves to cope with market volatility.
Maryland man sentenced to 15 months in prison for assisting North Korea in infiltrating U.S. tech companies
Jinse Finance reported that Minh Phuong Ngoc Vong, a 40-year-old man from Maryland, was sentenced to 15 months in prison and three years of supervised release for assisting North Korean agents secretly embedded within U.S. technology companies. Between 2021 and 2024, Vong used false identification to secure software development positions at at least 13 U.S. companies, which paid him over $970,000 in salaries, while the actual work was performed remotely by North Korean agents based in China. Some companies even subcontracted Vong's services to U.S. government agencies, including the Federal Aviation Administration (FAA), resulting in these agents gaining unauthorized access to sensitive government systems.
Jinse Finance reported that Minh Phuong Ngoc Vong, a 40-year-old man from Maryland, was sentenced to 15 months in prison and three years of supervised release for assisting North Korean agents secretly embedded within U.S. technology companies. Between 2021 and 2024, Vong used false identification to secure software development positions at at least 13 U.S. companies, which paid him over $970,000 in salaries, while the actual work was performed remotely by North Korean agents based in China. Some companies even subcontracted Vong's services to U.S. government agencies, including the Federal Aviation Administration (FAA), resulting in these agents gaining unauthorized access to sensitive government systems.
Aave founder: The UK's new tax rules simplify taxation and promote institutional adoption of cryptocurrencies
According to ChainCatcher, as reported by Yahoo Finance, Aave founder Stani Kulechov stated that the recent DeFi tax guidelines released by HM Revenue & Customs (HMRC) may mark a turning point for crypto lending in the UK.
The document points out that depositing digital assets or stablecoins such as USDC or USDT into DeFi platforms will not be considered a taxable disposal at the time of deposit. In other words, when users deposit their crypto assets into DeFi platforms for lending, staking, or borrowing, it will not trigger capital gains tax. Capital gains tax is only required when users actually dispose of their assets (for example, by selling, converting, or otherwise cashing out), rather than simply transferring tokens into or out of DeFi protocols.
According to the new approach, these routine DeFi transactions fall under the category of "no gain, no loss," thereby providing investors with clearer and more practical tax guidance. Kulechov added that the simplified tax approach reduces the burden, enabling broader institutional adoption while also making operations easier for ordinary retail users.
According to ChainCatcher, as reported by Yahoo Finance, Aave founder Stani Kulechov stated that the recent DeFi tax guidelines released by HM Revenue & Customs (HMRC) may mark a turning point for crypto lending in the UK.
The document points out that depositing digital assets or stablecoins such as USDC or USDT into DeFi platforms will not be considered a taxable disposal at the time of deposit. In other words, when users deposit their crypto assets into DeFi platforms for lending, staking, or borrowing, it will not trigger capital gains tax. Capital gains tax is only required when users actually dispose of their assets (for example, by selling, converting, or otherwise cashing out), rather than simply transferring tokens into or out of DeFi protocols.
According to the new approach, these routine DeFi transactions fall under the category of "no gain, no loss," thereby providing investors with clearer and more practical tax guidance. Kulechov added that the simplified tax approach reduces the burden, enabling broader institutional adoption while also making operations easier for ordinary retail users.
Moonshot has launched the meme coin $Franklin
BlockBeats News, December 6, according to official sources, Moonshot has launched the Meme coin $Franklin, with a current market capitalization of $6.76 million and a 24-hour trading volume of $5.92 million.
BlockBeats News, December 6, according to official sources, Moonshot has launched the Meme coin $Franklin, with a current market capitalization of $6.76 million and a 24-hour trading volume of $5.92 million.
Pundi AI and HyperGPT Join Forces: Ushering in a New Era of Decentralized AI
BlockBeats News, December 6, according to official sources, Pundi AI announced a partnership with the decentralized AI marketplace and developer ecosystem platform HyperGPT. Both parties are committed to building an open, transparent, and user- and community-driven AI future. Pundi AI focuses on constructing verifiable data infrastructure, transforming community contributions into trusted digital assets, while HyperGPT provides developer-friendly AI tools and products to help users easily create and utilize AI. This collaboration will combine the strengths of both parties to promote the integration of ethical data and powerful AI, creating real value for users.
Through this partnership, HyperGPT's ecosystem will integrate Pundi AI's Data Pump and tokenized datasets, enhancing AI performance and reducing model risks, while making AI training more inclusive. HyperGPT also offers a range of AI-driven Web3 products, including the AI application marketplace HyperStore, AI integration tool HyperSDK, customizable AI agent HyperAgent, and AI-generated content minting and monetization tool HyperNFT. This collaboration will help developers accelerate the transition from experimentation to real-world applications, driving rapid development of the AI ecosystem.
BlockBeats News, December 6, according to official sources, Pundi AI announced a partnership with the decentralized AI marketplace and developer ecosystem platform HyperGPT. Both parties are committed to building an open, transparent, and user- and community-driven AI future. Pundi AI focuses on constructing verifiable data infrastructure, transforming community contributions into trusted digital assets, while HyperGPT provides developer-friendly AI tools and products to help users easily create and utilize AI. This collaboration will combine the strengths of both parties to promote the integration of ethical data and powerful AI, creating real value for users.
Through this partnership, HyperGPT's ecosystem will integrate Pundi AI's Data Pump and tokenized datasets, enhancing AI performance and reducing model risks, while making AI training more inclusive. HyperGPT also offers a range of AI-driven Web3 products, including the AI application marketplace HyperStore, AI integration tool HyperSDK, customizable AI agent HyperAgent, and AI-generated content minting and monetization tool HyperNFT. This collaboration will help developers accelerate the transition from experimentation to real-world applications, driving rapid development of the AI ecosystem.
Grayscale submits S-1 registration statement to SEC for SUI spot ETF
BlockBeats News, December 6, according to SEC documents, Grayscale has submitted an S-1 registration statement for a SUI spot ETF to the SEC.
BlockBeats News, December 6, according to SEC documents, Grayscale has submitted an S-1 registration statement for a SUI spot ETF to the SEC.
U.S. crypto-related stocks closed mostly lower, with MSTR falling another 3.77%, and Trump family-linked stocks suffering a sharp decline.
BlockBeats News, December 6, according to market data, U.S. crypto-related stocks closed mostly lower on Friday, among which:
A certain exchange fell by 1.58%
Circle (CRCL) fell by 2.1%
Strategy (MSTR) fell by 3.77%
Bullish (BLSH) fell by 4.07%
Bitmine (BMNR) fell by 6.22%
SharpLink Gaming (SBET) fell by 3.94%
BTCS (BTCS) fell by 2.63%
BNB Network Company (BNC) fell by 5.04%
ALT5 Sigma (ALTS) fell by 9.49%
American Bitcoin (ABTC) fell by 7.85%
BlockBeats News, December 6, according to market data, U.S. crypto-related stocks closed mostly lower on Friday, among which:
A certain exchange fell by 1.58%
Circle (CRCL) fell by 2.1%
Strategy (MSTR) fell by 3.77%
Bullish (BLSH) fell by 4.07%
Bitmine (BMNR) fell by 6.22%
SharpLink Gaming (SBET) fell by 3.94%
BTCS (BTCS) fell by 2.63%
BNB Network Company (BNC) fell by 5.04%
ALT5 Sigma (ALTS) fell by 9.49%
American Bitcoin (ABTC) fell by 7.85%
Yesterday, the net inflow of the US Solana spot ETF was $15.7 million.
BlockBeats News, December 6, according to monitoring by Farside Investors, yesterday the US Solana spot ETF saw a net inflow of $15.7 million, including:
Bitwise BSOL: +$12.2 million
Fidelity FSOL: +$3.5 million
BlockBeats News, December 6, according to monitoring by Farside Investors, yesterday the US Solana spot ETF saw a net inflow of $15.7 million, including:
Bitwise BSOL: +$12.2 million
Fidelity FSOL: +$3.5 million
Analysis: Bitcoin indicators show profit-taking phase is fading, with selling pressure from sellers nearing exhaustion
BlockBeats News, December 6, CryptoOnchain posted on social media that the Bitcoin SOPR Ratio has dropped to 1.35, marking the lowest level since the beginning of 2024. As Bitcoin retraced to $89,700, this indicator shows that the market's profitability has been fully "reset." The phase of large-scale profit-taking by long-term holders is fading, indicating that selling pressure is nearing exhaustion.
Historical data shows that when the market cools down, a drop in the SOPR Ratio to such a low level often signals the formation of a local bottom. If a trend reversal occurs at this point, it may lay the foundation for the next healthy upward movement.
BlockBeats Note: The Bitcoin SOPR Ratio (short for SOPR Ratio) is a relatively advanced indicator in on-chain cryptocurrency analysis. It is a "ratio" version derived from the Spent Output Profit Ratio (SOPR), mainly used to determine whether the overall market is dominated by profits or losses, and to assist in identifying the stage of the bull or bear cycle.
BlockBeats News, December 6, CryptoOnchain posted on social media that the Bitcoin SOPR Ratio has dropped to 1.35, marking the lowest level since the beginning of 2024. As Bitcoin retraced to $89,700, this indicator shows that the market's profitability has been fully "reset." The phase of large-scale profit-taking by long-term holders is fading, indicating that selling pressure is nearing exhaustion.
Historical data shows that when the market cools down, a drop in the SOPR Ratio to such a low level often signals the formation of a local bottom. If a trend reversal occurs at this point, it may lay the foundation for the next healthy upward movement.
BlockBeats Note: The Bitcoin SOPR Ratio (short for SOPR Ratio) is a relatively advanced indicator in on-chain cryptocurrency analysis. It is a "ratio" version derived from the Spent Output Profit Ratio (SOPR), mainly used to determine whether the overall market is dominated by profits or losses, and to assist in identifying the stage of the bull or bear cycle.
Current mainstream CEX and DEX funding rates indicate the market remains bearish
BlockBeats News, December 6, according to Coinglass data, the current funding rates on major CEX and DEX platforms indicate that the market remains bearish. The specific funding rates for major cryptocurrencies are shown in the attached image.
BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts. It is a capital exchange mechanism between long and short traders; the trading platform does not charge this fee. Instead, it is used to adjust the cost or yield of holding contracts, ensuring that contract prices remain close to the underlying asset prices.
When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.
BlockBeats News, December 6, according to Coinglass data, the current funding rates on major CEX and DEX platforms indicate that the market remains bearish. The specific funding rates for major cryptocurrencies are shown in the attached image.
BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts. It is a capital exchange mechanism between long and short traders; the trading platform does not charge this fee. Instead, it is used to adjust the cost or yield of holding contracts, ensuring that contract prices remain close to the underlying asset prices.
When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.