Analyst: ETH Outperforms on Strong Treasury Holdings, Sustainability of High Inflows Questioned
On September 4th, according to The Block, Presto research analyst Min Jung stated that the market's buying pressure is mainly sustained by the continuous accumulation of Digital Asset Treasury (DAT) companies. He attributed Ethereum's significant surge on Wednesday to this trend.
Jung said, "ETH performed well again, likely due to the same fund inflow driven by DAT. However, we remain cautious about the sustainability of this theme and the ability of DAT companies to maintain high purchase volumes."
The analyst also previously pointed out that funds are continuously rotating from Bitcoin to Ethereum as traders believe that after Bitcoin hit historic highs in July and August, Ethereum offered more profit-taking opportunities.
11 minutes ago
Ukrainian Parliament Passes First Reading of Cryptocurrency Legalization and Taxation Bill
On September 4th, according to a report by Cointelegraph, Ukrainian MP Yaroslav Zhelezniak disclosed that the Ukrainian parliament passed the first reading of a cryptocurrency legalization and taxation bill on Wednesday. Once the bill is ultimately signed into law, it will exert a significant influence on Ukraine's digital asset economy.
In the first reading vote, the bill received the support of 246 MPs. The draft bill stipulates that digital asset profits will be subject to an 18% income tax and a 5% military tax. The announcement also noted that the bill sets a 5% preferential tax rate for fiat-crypto exchanges in the first year.
The proposed 23% tax rate is in line with the recommendations of the Ukrainian financial regulator in April. The initial proposal included exemptions for cryptocurrency-to-cryptocurrency transactions and stablecoin transactions, which makes Ukraine's crypto tax regime more similar to that of crypto-friendly countries.
11 minutes ago
Australian Self-Managed Superannuation Funds' cryptocurrency holdings decreased by approximately 4% year-on-year as of June
September 4th. According to a report by Cointelegraph, data released by the Australian Taxation Office (ATO) indicates that although the cryptocurrency market has witnessed an increase, the cryptocurrency holdings of Australian Self-Managed Superannuation Funds (SMSFs) have decreased by approximately 4% year-on-year.
Adjusted data shows that as of June 2025, SMSFs held cryptocurrency worth 3.02 billion Australian dollars (approximately 1.97 billion US dollars), which is about 100 million Australian dollars less than the 3.12 billion Australian dollars reported in June 2024.
11 minutes ago
Coinbase Accelerates AI Adoption: Aims to Have Over 50% of Daily Code Generated by AI by October
September 4th: Brian Armstrong, the CEO of Coinbase, announced that approximately 40% of Coinbase's daily code is generated by AI. The goal is to increase this percentage to over 50% by October. Evidently, this code requires review and understanding, and not all of the company's business areas can utilize AI-generated code. Nevertheless, Coinbase should, on the premise of responsibility, make extensive use of AI-generated code as much as possible.
11 minutes ago
3 new addresses withdrew 65,662 ETH from FalconX, totaling $293 million.
On September 4th, as monitored by Onchain Lens, 3 new addresses withdrew a combined total of 65,662 ETH from FalconX. The value of these withdrawals amounted to $293 million.
11 minutes ago
Data: Stock Tokenization Platform xStocks' DEX Trading Volume Reached $2.86 Million Yesterday
On September 4th, according to Dune Data, the stock tokenization platform xStocks established by Backed witnessed a DEX trading volume of $2.86 million yesterday. Regarding trading pairs, the tokenized Tesla achieved the highest trading volume, which was $1.52 million. Meanwhile, the tokenized MSTR and the tokenized S&P 500 Index had trading volumes of $362,000 and $317,000 respectively, ranking second and third.
11 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
