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Korean National Tax Service: Residents Must Declare Comprehensive Income Tax for Receiving Virtual Assets as Service Remuneration from Overseas Companies

5 hours ago

On July 9th, according to Digital Asset, the South Korean National Tax Service declared that residents who receive virtual assets as labor compensation from overseas companies are mandated to report comprehensive income tax in accordance with the law. The South Korean National Tax Service pointed out in its response in March of this year that if this wage income is not subject to withholding tax through a tax combination, the taxpayer is obligated to independently make the final declaration of comprehensive income tax.
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Matrixport COO: Matrixport has established a strategic reserve of the Gold Token XAUm

On July 9th, Cynthia, the COO of Matrixport, participated in the "Integration and Opportunities of Digital Assets and Traditional Finance" offline event jointly organized by the Sino-European Alumni Association of Finance and Investment and ForthTech. She expressed her viewpoints at the roundtable forum "In an Uncertain Environment, How Wealth Allocation Can Cross Cycles Through Digital Assets." Cynthia stated that Matrixport has established an XAUm strategic reserve to enhance its capacity to withstand cycle fluctuations. She pointed out that the tokenization of RWA is a key path for the integration of traditional finance and crypto assets, providing a crucial impetus for the upgrade of financial infrastructure. Matrixport is actively promoting the on-chainization of cornerstone assets such as gold through its RWA platform Matrixdock, creating a new channel for investors to access high-quality RWAs.

16 minutes ago

Greentown Holdings: Greentown Jincang holds Hong Kong License 4 and License 9, supporting virtual asset operations

On July 9th, Greenland Holdings announced on the interactive platform that up to now, Greenland Jinchuang holds licenses of Type 4 and Type 9 of the Hong Kong Securities and Futures Commission and has upgraded these licenses to be able to support virtual asset-related businesses. (Sohu Finance)

16 minutes ago

Glassnode: Bitcoin RHODL Ratio Indicates Market Structure is Shifting, Signaling Cycle Transition and Speculative Fervor Cooling Off

On July 9th, Glassnode announced on social media that the Bitcoin RHODL ratio has begun to show an upward trend and has reached the highest level of this cycle. This signal suggests that the market structure is undergoing a transformation, with a greater amount of wealth being controlled by single-cycle holders. Meanwhile, short-term activities ranging from 1 day to 3 months remain at a low level. According to historical data, such inflection points often presage a shift in market cycles and a moderation of speculative enthusiasm. The RHODL ratio is an on-chain metric for Bitcoin used to measure the difference in Bitcoin holdings between short-term and long-term holders, thereby analyzing market cycles and investor behavior.

16 minutes ago

The top 3 trading platforms by 24-hour net fund inflow are Bitget, OKX, and Deribit.

On July 9th, based on the data from DeFiLlama, the top three trading platforms that witnessed the highest net inflow of funds within the past 24 hours were Bitget ($47.91 million), OKX ($17.5 million), and Deribit ($13.61 million).

16 minutes ago

The Federal Reserve will release the minutes of its June meeting tonight at 2:00 AM.

On July 9th, the Federal Reserve is set to release the minutes of its June meeting at 2:00 AM tonight. These minutes have the potential to expose an internal "hawk-dove debate" within the Federal Reserve, enabling investors to gain a more precise comprehension of the Fed's internal viewpoints.

16 minutes ago

US Stock SharpLink Gaming Surges 13.44% in Pre-market Trading

On July 9th, based on market data, the stock-listed company SharpLink Gaming (SBET), which is related to the "ETH Version MicroStrategy", saw a 13.44% increase in pre-market trading with a price of $18.48.

16 minutes ago