ChainCatcher news, according to Jinshi reports, A-shares closed with the Shanghai Composite Index up 4.59%, the Shenzhen Component Index up 9.17%, and the ChiNext Index up 17.25%. The trading volume of the Shanghai, Shenzhen, and Beijing markets reached 34,835 billion yuan.

ChainCatcher message, as of now, the trading volume of the Shanghai and Shenzhen stock markets has exceeded 1.9 trillion yuan, an increase of over 800 billion yuan compared to the same time yesterday, with the Shanghai market trading volume at 843.6 billion yuan, the Shenzhen market at 1,043.1 billion yuan, and the North Exchange 50 trading volume at 13.2 billion yuan.

ChainCatcher news, in order to further optimize the business environment and enhance the convenience of cross-border tax payment, since February 2024, the Shanghai headquarters of the People's Bank of China has been actively exploring new models for cross-border remittance and tax payment in collaboration with the Shanghai Municipal Taxation Bureau of the State Administration of Taxation. By utilizing blockchain technology, a "one-stop" online service for cross-border electronic tax payment, including overseas remittance, tax payment, and storage, has been achieved, effectively addressing the three major pain points of non-resident enterprises in cross-border remittance and tax payment: "multiple runs," "high costs," and "difficult foreign exchange settlement."As of the end of August 2024, the new model for cross-border remittance and tax payment in Shanghai has cumulatively completed tax payments of 1.486 billion yuan. The pilot banks include ICBC, ABC, and Bank of China in the city, with currencies involving RMB, USD, EUR, JPY, etc., and tax types covering corporate income tax and stamp duty. (Jinshi)

ChainCatcher news reports that the Xuhui District People's Procuratorate of Shanghai has released a notice regarding crimes related to virtual currencies. Since 2022, the procuratorate has handled 23 criminal cases involving virtual currencies, affecting 45 individuals, with the number of cases accepted showing an upward trend for three consecutive years. At the same time, related cases exhibit characteristics such as complex methods of operation, technical specialization, concealment, and high amounts of crime. In the cases handled, the average illegal gains of the criminals exceeded 1 million yuan, with some cases involving illegal gains of over 5 million yuan.In addition, according to Xinmin Evening News, in response to the increasing number and significant amounts of crimes related to virtual currencies in recent years, the Xuhui District Procuratorate and the Xuhui District Public Security Bureau have jointly signed the "Guidelines for the Disposal of Virtual Currencies in Criminal Proceedings," which provides more detailed and clear regulations for the entire process and various aspects involved in handling virtual currency cases, including evidence collection, seizure and custody, and transfer for disposal, offering specific guidance for the lawful disposal of virtual currencies involved in cases.

ChainCatcher news, the People's Procuratorate of Xuhui District, Shanghai announced through its official public account that local police have cracked a case involving the illegal theft of virtual currency using backdoor programs. According to informed sources, during the investigation, Huobi HTX actively cooperated with Shanghai Public Security to gather evidence, using on-chain data to identify the criminals and assist the police in swiftly solving the case.In this case, the victim, Mr. Ou, had virtual currency worth millions of RMB stolen from a wallet software. Investigations revealed that four wallet developers had implanted backdoor programs in the wallet software used by Mr. Ou to obtain user private keys, mnemonic phrases, and other information, with one person stealing Mr. Ou's virtual currency.Ultimately, the Xuhui District People's Court sentenced the four defendants to fixed-term imprisonment and imposed fines for the crime of illegally obtaining data from computer information systems. The successful resolution of this case and the court's ruling indicate that the act of stealing others' virtual currency constitutes a crime, and the state not only protects virtual currency assets but also combats crimes that infringe upon virtual currency.

ChainCatcher news, the People's Government of Jiading District, Shanghai, issued the "Action Plan for Further Promoting New Infrastructure Construction in Jiading District (2024-2026)." It mentions the construction of metaverse infrastructure. Relying on positions such as Yuanchuang Bay and Nanxiang Game Valley, it will comprehensively apply metaverse technologies such as AIGC, three-dimensional digital space, virtual digital humans, AR/VR, and blockchain to create interactive, scenario-based, and immersive metaverse demonstration application scenarios. It supports the empowerment of the automotive industry by metaverse technology, focusing on sub-sectors like "Metaverse + Smart Cockpit" and "Metaverse + Smart Manufacturing," concentrating on technology research and development, scenario creation, and technology transformation to establish benchmarks and models for the automotive metaverse industry. Relying on the "Aishang Jiading" digital display and promotion platform, it promotes the digital service supply of cultural and tourism venues such as public libraries, museums, and scenic spots. It encourages multiple entities to participate in the construction of the Shanghai cultural data service platform, supports industry entities to legally carry out data collection and processing, and guides the sharing and utilization of data resources.

ChainCatcher news, the People's Government of Jiading District, Shanghai issued a notice on the "Action Plan for Further Promoting New Infrastructure Construction in Jiading District (2024-2026)".The notice pointed out that it is necessary to plan comprehensively and layout computing power centers, blockchain, and other facilities scientifically, to provide high-quality computing power support for fields such as artificial intelligence large models, intelligent computing power chips, intelligent sensors, intelligent robots, and intelligent connected vehicles. Further exploration of innovative applications of technologies such as 5G, blockchain, Web3, edge computing, and artificial intelligence large models in digital government and governance. Relying on platforms like Yuanchuang Bay and Nanxiang Game Valley, comprehensively applying metaverse technologies such as AIGC, three-dimensional digital space, virtual digital humans, AR/VR, and blockchain to create interactive, situational, and immersive metaverse demonstration application scenarios.

ChainCatcher news, according to official sources, Immutable has announced that Immutable zkEVM has completed the Shanghai hard fork upgrade, with no downtime occurring during the upgrade.Immutable zkEVM, supported by Polygon, will continue to receive Ethereum-level security and the best infrastructure support, allowing all developers to thrive. It is reported that Immutable currently supports Solidity 0.8.20 and Open Zeppelin v5.0, and RPC node operators can now deploy the latest immutable/go-ethereum Docker image to stay in sync with the network.

According to ChainCatcher news and the WeChat public account of lawyer Liu Honglin, recently, Bright Dairy has partnered with the Shanghai Data Exchange to be the first to complete the interoperability between the digital asset issuance platform and the digital asset trading platform, jointly issuing the first tradable digital asset "Long Yao Zui Guang, Yi Ding Guang Ming". From the public announcements of both parties, the first tradable limited digital asset issued by Bright Dairy is based on the "Guangming Suixin Ding" small subscription IP image, extending into a new national trend style of New Year paintings, with an issuance quantity of 999 units.

ChainCatcher news, the Shanghai Municipal Government and Ant Group Co., Ltd. signed a strategic cooperation agreement in Shanghai. According to the agreement, Ant Group will increase its efforts in research in cutting-edge technology fields, actively participate in the construction of the Shanghai artificial intelligence industry ecosystem and the blockchain industry innovation platform, and contribute to the construction of Shanghai as an international science and technology innovation center.

ChainCatcher news, according to on-chain data from 21.co and research analyst Tom Wan, last week saw the largest scale of staked ETH redemptions since the Shanghai upgrade, with 656,200 ETH (approximately $1.6 billion) fully redeemed, 85% of the redemptions led by Figment and Celsius.

ChainCatcher News: The Shanghai headquarters of the People's Bank of China recently held a work meeting for 2024, which emphasized the need to persistently prevent and resolve financial risks. Strengthen risk monitoring in key areas. Properly handle risky institutions. Prevent and address risks related to speculation in virtual currency trading. Strictly investigate financial illegal activities. Deepen the governance of "funding chains" related to gambling and fraud. Enhance the effectiveness of anti-money laundering supervision. Establish a long-term mechanism for "credit repair" governance. Ensure additional supervision of systemically important financial institutions.The meeting also pointed out the need to continuously improve the level of basic financial services and deepen the innovative application of the digital renminbi. Explore innovative applications of the digital renminbi.

ChainCatcher news, the Shanghai Tax Bureau's official WeChat account has deleted an article mentioning that "individuals must pay personal income tax for buying and selling virtual currencies online," for unknown reasons. The article was published a few days ago but was widely circulated on the morning of January 7.The deleted article pointed out that according to the "Reply on the Issue of Personal Income Tax Collection for Income Obtained from Buying and Selling Virtual Currencies Online" (Guo Shui Han [2008] No. 818), individuals who purchase virtual currencies from players online and sell them at a markup are subject to personal income tax, which should be calculated and paid under the "income from property transfer" category.Calix, the founder of TaxDAO and former tax director of Bitmain, pointed out that when the Guo Shui Han [2008] No. 818 document was issued, it was applied to game currencies, but in practice, it has now been expanded to include "virtual currencies" such as Bitcoin. However, there are currently no specific regulations regarding the tax issues related to the transfer income of Bitcoin and other virtual currencies.

ChainCatcher news, Ethereum Classic (ETC) announced that the mainnet will undergo the "Spiral" network upgrade to achieve protocol synchronization with Ethereum's "Shanghai" upgrade.

ChainCatcher news, Hong Kong licensed virtual asset exchange OSL's parent company BC Technology Group (00863.HK) announced that it has sold 90% of its stake in Shanghai Jingwei to independent third party Li Jiaming. The property currently managed and operated is a commercial park located in Shanghai, with a cash consideration of 23 million RMB, and an estimated pre-tax loss of approximately 18.5 million RMB from the sale.In addition, BC Technology Group stated that it has applied for a temporary suspension of trading of its shares on the Stock Exchange, pending the announcement regarding the issuance of new shares of the company (which constitutes inside information of the company).