Express News | Data: Market capitalization of tokenized stocks reaches $3.2 billion, hitting a record high

On September 10, according to Token Terminal, the market capitalization of tokenized stocks reached $3.2 billion, setting a new all-time high with a 1,219.3% increase over the past year. Ranked by market capitalization of tokenized stocks, public blockchains are as follows: BNB Chain: $987.9 million Ethereum: $772.5 million Solana: $715.1 million

Breakings08:27

Express News | U.S. Treasury Secretary Bessent strongly urges the Senate to pass the Clarity Act

On September 10, U.S. Treasury Secretary Scott Bessent posted on X, strongly urging the Senate to advance the legislative process for the cryptocurrency Clarity Act following the end of the August recess. He stated that the bill would prevent "bad actors" from exploiting critical digital asset technologies and called on all parties to remain at the negotiating table, agree to proceed with procedural motions, and continue the legislative process. Bessent warned that failure to pass the bill would send a disturbing signal to both allies and adversaries, suggesting that the United States is unwilling to lead the future of digital assets and is willing to forgo national security tools to combat digital asset abuse. In July, Bessent had stated that passing the Clarity Act was essential to upholding "American exceptionalism," citing remarks by Satoshi Nakamoto. The Clarity Act, which passed the House of Representatives last year, aims to establish a regulatory framework that clearly delineates whether digital assets fall under the jurisdiction of securities, commodities, or stablecoin regulations. The bill stalled this year due to disagreements between banking lobby groups and crypto firms regarding stablecoin yields. A new draft introduced in July prohibited government officials from promoting cryptocurrencies or profiting from them, but some Democrats still considered the bill inadequate and demanded amendments. President Trump has also urged lawmakers to push for the bill's passage.

Breakings05:55

The German government plans to impose a 25% tax on cryptocurrency gains.

PANews, September 9 – According to a report by foreign media outlet Golem, the German Federal Ministry of Finance plans to amend legislation to include cryptocurrency gains within the capital gains tax framework. Under the draft proposal, speculative gains from cryptocurrencies such as Bitcoin and Ethereum could be taxed at a rate of 25% starting in 2028, aligning with the tax rate applied to investment income from stocks and other assets. The existing personal tax-free allowance of €1,000 will remain in place. Currently, German law classifies cryptocurrency gains as proceeds from the sale of personal assets, which are not subject to capital gains tax. The German Ministry of Finance estimates that the legislative amendment will generate an additional €350 million in tax revenue. Relevant officials from the German Ministry of Finance...

PANewsSep 9 18:17

Cryptocurrency: The Last Global System

As technology becomes increasingly fragmented along national lines, public blockchains have tenaciously maintained their global character: within this network architecture, capital, code, and users continue to converge.

Jinse FinanceSep 9 16:19

From Millions in Debt to Riches: Did Biden’s Son Turn Things Around by Launching a Cryptocurrency?

On the evening of September 7, The Wall Street Journal reported that Hunter Biden, son of former U.S. President Joe Biden, will launch a meme coin named LAPTOP on Coinbase's Base network on September 9. The total supply will be 1 billion tokens, with 20% allocated for an airdrop. A portion is explicitly designated for users who incurred losses on the TRUMP token issued by Trump, while another share of the tokens is linked to prediction markets for events such as "whether Trump will be impeached." Four minutes after the report was released, Hunter himself posted on X.

Jinse FinanceSep 8 22:42

Stablecoins cannot bypass banks: the true bottleneck to scaling is regulated banking infrastructure.

The true bottleneck to scaling the industry is not on-chain technology, but rather regulated bank connectivity, local clearing channels, and foreign exchange infrastructure.

Shenchao TechFlowSep 8 17:04