Abraxas Capital has withdrawn 29,741 ETH from a CEX in the last 12 hours.

On July 10th, the South Korea National Tax Service recently made it clear that residents receiving virtual assets in the form of income from overseas companies are also obligated to declare comprehensive income tax. This policy stipulates that if a Korean resident receives virtual assets from a foreign company as compensation under a separate incentive contract and has not undergone withholding tax through a tax combination, they must declare comprehensive income tax. This case involved Singaporean Company B issuing virtual assets to employees of its Korean subsidiary Company C as compensation. The employees directly signed an incentive contract with Singaporean Company B, engaged in blockchain and cryptocurrency exchange-related work, and received compensation in the form of virtual assets. This change indicates that multiple countries around the world are strengthening tax regulations on virtual assets, especially regarding cross-border income and the sources of cryptocurrency incom

On July 10th, according to official information, DDC Enterprise Limited (NYSE: DDC) made an announcement today. It stated that it has signed a non-binding Memorandum of Understanding (MoU) with Animoca Brands. The two parties will jointly formulate and implement a strategy. The purpose of this strategy is to maximize the Bitcoin asset yield of the Web3 company while effectively managing related risks. This Memorandum of Understanding has established a strategic partnership. Under this partnership, Animoca Brands will allocate up to $100 million in Bitcoin for a yield enhancement strategy that will be operated by DDC.

On July 10th, as per Cointelegraph, Coinbase International Exchange has linked up with Copper's ClearLoop network in order to offer over-the-counter settlement services to institutional clients. This is in response to the "robust" demand in the market for a more efficient and secure trading infrastructure. This collaborative effort will allow institutional clients to handle collateral almost in real time and settle trades without the need to transfer funds onto the trading platform.

On July 10th, based on on-chain data, Tether has just issued an additional 1 billion USDT on the Tron network.

On July 10th, Trader Eugene posted in his personal community, expressing, "My perspective on pump.fun is extremely straightforward: simply disregard it. It has been overly analyzed to such an extent that there is no novelty left. No matter at what price it begins to trade, a $40 billion market capitalization seems to be a heavy burden weighing down the token price." Now, there are far too many opportunities in the market that are more promising and offer non-linear returns. These opportunities are much more worthy of attention than it. Don't squander any more brain cells on something that everyone is already thinking about.

On July 10th, according to official information, YZi Labs made a strategic investment in the blockchain infrastructure platform Aspecta. This platform offers price discovery and lifecycle liquidity for illiquid assets such as pre-IPO stocks, locked tokens, private equity, and risk-weighted assets.