Swedish Tax Agency recovers approximately $56.5 million in unpaid taxes from 6 crypto mining firms.
The Swedish Tax Agency is collecting approximately 540 million Swedish kronor (around $56.5 million) in back taxes and penalties from six cryptocurrency mining companies based in Boden, a northern Swedish city. An investigation found the firms used complex corporate structures to conceal their actual crypto mining operations, in order to access tax breaks originally reserved for general data processing centers. Patrik Lillqvist, head of the tax agency’s intelligence division, stated that the firms employed special arrangements to hide their mining activities to secure tax benefits they were not eligible for. The action is part of the agency’s industry audit running from 2024 to 2026; nationwide, nine crypto firms are being pursued for over $50 million in unpaid taxes and penalties, with the six Boden-based companies making up the vast majority. Some of the involved firms have filed appeals, but the Swedish Administrative Court and Court of Appeal have previously upheld the tax authority’s determinations. Notably, Bikupan Datacenter has entered financial restructuring due to its inability to meet tax obligations, and is now appealing the case to the Swedish Supreme Administrative Court.
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BNC4’s market capitalization briefly exceeded $5 million, driving US-listed BNC’s after-hours trading up 15.19%.
According to GMGN data, the meme tokenized stock BNC4 on BSC briefly surged past $5 million in market capitalization, now trading at $4.21 million, with a trading volume of $40.7 million in just over two hours after launch. According to data from BIT (bit.com), BNC — the US stock corresponding to BNC4 and backed by BNB's treasury — rose 15.19% in overnight trading.
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Huobi HTX Updates September Merkle Tree Reserve Proof: Reserve Ratios of Mainstream Assets Remain Consistently Above 100%
According to Huobi HTX’s latest Merkle Tree Proof of Reserves (PoR) data, as of September 1, 2026 (UTC+8), the reserve ratios of all the platform’s mainstream assets remain above 100%. The platform continues to safeguard user asset security with sufficient reserves and commits to 100% redemption, ensuring users can trade and withdraw funds at any time. As one of the early industry platforms to consistently disclose Merkle Tree Proof of Reserves, Huobi HTX has publicly released PoR data for 47 consecutive months, enhancing platform transparency through long-term, verifiable practices. The specific updated reserve ratios are as follows: BTC (104%), ETH (102%), TRX (109%), USDs (102%), HTX (103%), XRP (104%), DOGE (101%), and SOL (103%). Users can view the details on Huobi HTX’s official website via the "Assets - Reserve Proof Report" page. Going forward, Huobi HTX will continue to uphold the 1:1 reserve principle, leveraging verifiable data, traceable on-chain assets, and regular information disclosures to enable users to see reserves, verify assets, and trade with greater peace of mind.
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Meme coin 4Stock hits $10 million market cap just 2 hours after its launch on BSC.
According to GMGN data, the meme coin 4Stock on BSC hit a $10 million market cap within two hours of launch, and has since dropped to $8.03 million, with a trading volume of $13.5 million in that two-hour window. It is reported that 4Stock’s core logic is to bring the "crypto-stock meme" concept from Robinhood’s on-chain offerings to BNB Chain. Users deposit USDC, and the platform uses a custodial account to purchase real US stocks, then mints 4Stock tokens at a 1:1 ratio corresponding to the actual number of shares bought. The first deployed variant is BNC4, pegged to CEA Industries (BNC), a stock held by the BNB Treasury. Its market cap has exceeded $500,000. BlockBeats Note: Meme coin trading is highly volatile, largely driven by market sentiment and concept hype, with no inherent real value or practical use cases. Investors should exercise caution.
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FT: Huawei starts coordinating domestic lithography machines; Yuliangsheng targets 12 DUV units by year-end.
Beating AI News Flash: Huawei is deepening its involvement in China’s domestic lithography machine supply chain. The Financial Times reported that Huawei has not only invested in relevant equipment and component firms, but is also coordinating suppliers, wafer foundries, and end-device manufacturers to advance the integration of China’s domestically developed DUV (deep ultraviolet lithography machines) into actual production lines. Bernstein analysts directly referred to Huawei as the “project manager” for China’s DUV initiative.
The most advanced progress is seen at Shanghai Yuliangsheng. The company has participated in developing China’s advanced domestic DUV; its equipment is currently being tested at wafer foundries including SMIC (Semiconductor Manufacturing International Corporation) and Huawei’s own production lines, with plans to manufacture 12 units by the end of this year. At this stage, it is focused on simpler chips, with the ultimate goal of applying the technology to advanced AI chip manufacturing.
China’s domestic DUV has not yet fully broken free from overseas supply chains: the projection lens used by Yuliangsheng still comes from Germany’s Zeiss, while high-power light sources remain a major bottleneck. Huawei has invested in firms such as Zhiqi Photon and Keyi Hongyuan to supplement domestic lens and light source capabilities respectively.
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