The Coin Republic (TCR) has been a witness to the growth of the crypto, web3 sector. We strive by the motto, “Of the coin, by the coin and for the coin.”
Arthur Hayes’ recent transactions have sparked waves in the Ethena ($ENA ) market. Recent market activity around Ethena (ENA) is sparking conversations about its next big move. Here's what you need to know:
🛠️ Major Ethena Movements Hayes deposited 2M ENA ($2.12M) into Bybit.Over the past two days, he unstaked and transferred 9M ENA ($10.6M) to Binance and Bybit.Despite this, Hayes still holds 7.94M staked ENA, valued at 8.1M USD.
📉 Market Impact Ethena is trading 3.3% down in the last 24 ho
Thailand is refining its crypto tax regulations to support its growing digital economy. Here’s what you need to know for 2024:
📊 Tax Rates & Categories: Personal Income Tax: Profits from crypto trading or investments are taxed based on your income bracket (0% to 35%).Capital Gains Tax: Applies to profits from selling crypto assets.Withholding Tax: A 15% tax on dividends or profit-sharing from digital tokens.
📅 New 2024 Regulations: Crypto Transfers: No VAT on transfers via licensed exchanges
Matador Technologies: Canada’s Latest Firm to Embrace Bitcoin for Corporate Treasury
Matador Technologies is the latest company to add Bitcoin ($BTC ) to its corporate treasury, following in the footsteps of industry giants like MicroStrategy and Metaplanet.💰
Top Reasons Behind This Move
-🔑 Matador's board cites concerns about the Canadian dollar and the country's economic outlook, with oil reliance and rising national debt causing uncertainty.
-📉 By allocating $4.5 million to Bitcoin and USD-denominated assets, Matador aims to preserve capital and protect against currency
Ethereum on the Rise: Can $6,000 Be the Next Milestone?
Ethereum $ETH 's price trajectory shows bullish momentum as accumulation addresses surpass 20 million. Here’s what to watch:
1. Strong Accumulation Signals Confidence Ethereum accumulation addresses now hold over 20M $ETH , reflecting sharp buying action by institutional investors and long-term holders. This trend suggests confidence in ETH’s long-term value. With fewer tokens circulating, a supply squeeze could drive price upward. 2. Bullish Chart Pattern: Inverse Head and Shoulders ETH’s pric
How Bitcoin (BTC USD) Could Reduce U.S. Debt by 36% by 2050
Could Bitcoin ($BTC ) offer a solution to the U.S.’s mounting debt crisis? Analysts propose that establishing a Strategic Bitcoin Reserve (SBR) could offset 36% of the U.S. debt by 2050, leveraging Bitcoin’s market cap and institutional demand for sustainable fiscal strategies. Strategic Bitcoin Reserve: A Game-Changer for U.S. Debt Experts suggest that the U.S. Treasury could accumulate one million Bitcoin over five years at an average price of $200,000 per BTC. Assuming a 5% annual debt growth