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The US Treasury Department Provides Clear Regulatory Path for Cryptocurrency ETP Custody Business

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On November 11th, U.S. Treasury Secretary Scott Bessent tweeted that the Treasury Department and the IRS have issued new guidance. The purpose of this guidance is to provide regulatory support for crypto ETPs that have staking functionality. The guidance clarifies the tax treatment of staking rewards within the ETP structure. It offers an "explicit path" for asset management companies that want to provide exposure to digital asset yields. The new policy makes it clear that staking rewards generated within the ETP structure will not immediately lead to a direct tax obligation for individual investors. This addresses the long-standing uncertainty surrounding proof-of-stake cryptocurrencies in regulated investment vehicles.

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Current mainstream CEX and DEX funding rate displays market-wide bearish sentiment regression

On November 11th, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that after the recent rebound in the crypto market, market participants still maintain a bearish outlook on altcoins and have begun to be bearish on BTC and ETH again. The specific funding rates are presented in the figure below. BlockBeats Note: The funding rate is a fee set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and is a fund exchange mechanism between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicat

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「Accurate Layout of ZEC」 Whale Short-term Close Position of 30,000 ZEC, Account Profit Turned into Loss

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CryptoQuant CEO: Treasury Inflows and ETF Adoption Marked the End of the Bear Market

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