ChainCatcher news, Russia has proposed a draft amendment through the Ministry of Finance, suggesting a 15% tax on cryptocurrency income. The proposed changes will reshape the tax framework for crypto miners, affecting income, expenses, and related infrastructure.A key part of the new legislation is the proposal to impose a 15% personal income tax on cryptocurrency income. The income from mining tokens will be taxed at market value upon receipt, and miners can deduct operating expenses to ensure a balanced tax calculation. Cryptocurrencies will be classified as property for tax purposes, eliminating the value-added tax (VAT) on crypto transactions.

ChainCatcher news, according to Bitcoin.com News, Coinbase CEO Brian Armstrong has proposed a comprehensive reform of the U.S. tax system, calling for the elimination of personal income tax and shifting the tax filing burden onto corporations.He stated, "To be honest, completely eliminating personal income tax is the ideal scenario, shifting the tax filing burden onto corporations. Trying to generate an equivalent amount of revenue through sales tax or corporate income."Brian Armstrong believes that a simplified system could relieve the pressure on millions of Americans, making taxes easier to manage while maintaining essential government revenue.

ChainCatcher message, according to Mytoken data, as of now, based on the supply data analysis of Ethereum, the supply of ETH is greater than the amount burned, with an additional 11,431 ETH added in the last 7 days.Ethereum's revenue and ETH supply burn have significantly decreased, with total revenue being 69% lower than the average of the 150 days prior to the upgrade, and the amount of ETH burned being over 80% lower than the average of the 150 days prior to the upgrade.

According to ChainCatcher news and reported by Cointelegraph, former U.S. President Trump stated in the latest episode of the Joe Rogan podcast that if he returns to the White House in 2024, he will seriously consider eliminating federal income tax and instead adopting tariffs on imported goods as the main source of government revenue. Trump cited the successful case of tariff policies during President McKinley's era in the 1890s, claiming that government revenue was so abundant at that time that a special blue ribbon committee was established to study funding usage plans.Previously, Trump hinted in an interview with Fox News that the current $35 trillion national debt issue could be resolved by "giving creditors some Bitcoin." Asset manager Bryan Courchesne stated that while establishing a Bitcoin strategic reserve in the U.S. is challenging, it is not impossible. The Department of Justice could transfer approximately 200,000 Bitcoins that have been seized to the Treasury as reserve assets and continue to accumulate digital currency to build a Bitcoin strategic reserve, although this process may face cumbersome administrative procedures.

ChainCatcher news, according to CNBC, the Trump family's cryptocurrency project World Liberty Financial (WLF) has released a 13-page "World Liberty Gold Paper" document detailing the project's mission and token distribution plan. The document shows that the Trump family will receive 75% of the project's net profits while incurring no liabilities.According to the document, the Delaware company DT Marks DEFI LLC, associated with Trump, will receive 75% of the net protocol revenue. The Trump family will receive 22.5 billion WLFI tokens, valued at approximately $337.5 million based on this week's issuance price of 1.5 cents. The document emphasizes that Trump and his family members are not directors, employees, managers, or operators of WLF or its affiliates, and states that the project and tokens "are not related to any political activities."The remaining 25% of the net protocol revenue will belong to the Puerto Rican company Axiom Management Group (AMG), wholly owned by project co-founders Chase Herro and Zachary Folkman. AMG has agreed to allocate half of its revenue rights to Trump's close friend and political donor Steve Witkoff and affiliated companies of some of his family members, WC Digital Fi.

ChainCatcher news, according to monitoring by The Data Nerd, 4 months ago, meme coin KOL Murad purchased 10.25 million SPX at an average price of about $0.0096 (totaling $98,000). At the current price of $0.7702, Murad's SPX holdings are approximately $7.89 million, with an unrealized profit of about $7.79 million (return rate of about 7900%).

ChainCatcher news, the Japanese listed company Metaplanet officially announced on social media that it has reached a Bitcoin options trading agreement with Singapore-based digital asset trading company QCP Capital, involving the sale of Bitcoin put options. In the transaction, Metaplanet sold 233 Bitcoin put options with a strike price of $62,000 expiring on December 27, earning a premium income of 23.97 BTC.Metaplanet stated that this strategy not only enhances the company's Bitcoin reserves but also strengthens the company's balance sheet, aligning with its ongoing financial strategy to increase long-term Bitcoin exposure, improve the company's financial condition, and support the company in achieving its profitability goals. The margin funds are planned to be used for purchasing Bitcoin. Selling put options, referred to as "targeted purchases," is another method to acquire Bitcoin. There are no changes to the planned use of funds.

ChainCatcher news, theblock.co mining data shows that Bitcoin miners earned $815.7 million from rewards and fees in September, marking the lowest income month of 2024, which is $35.66 million less than August. Of this, $800.184 million came from Bitcoin block rewards of 3.125 BTC, while in terms of fees, miners earned a total of $13.86 million for the entire month.It is worth noting that September was also the month with the lowest fee income of the year.

ChainCatcher news, according to a new report from CCData, the stablecoin industry will have to endure significant losses in interest income following the Federal Reserve's latest interest rate cut. The top five centralized stablecoin issuers collectively hold nearly $125 billion in U.S. Treasury securities, accounting for nearly 80.2% of their reserve funds. For every 50 basis points the Federal Reserve cuts rates, it will result in an annual loss of $625 million in interest income for dollar stablecoin issuers.Data shows that Tether holds nearly $93.2 billion in U.S. Treasury securities and repurchase agreements, which contributes significantly to its net profit of $5.2 billion in the first half of 2024. The second-largest stablecoin, USDC, holds $28.7 billion in U.S. Treasury securities through its Circle Reserve Fund, while FDUSD, PYUSD, and TUSD hold $1.83 billion, $634 million, and $502 million in U.S. Treasury securities, respectively.

ChainCatcher message, DWF Labs co-founder Andrei Grachev posted on X: "DWF HFT has just deposited 10 million USDT into OpenEden to earn some risk fee income. Brother Eugene Ng, we believe in you."

ChainCatcher message, according to a report published by CCData, the five major centralized stablecoins collectively hold nearly $125 billion in U.S. Treasury bonds. For every 50 basis points (bps) cut in interest rates by the Federal Reserve, there could be a loss of approximately $625 million in interest income. The report shows that U.S. Treasury bonds account for 80.2% of the reserves held by major stablecoins.Data from the Chicago Mercantile Exchange's FedWatch tool indicates that the market expects a total interest rate cut of 75 basis points by the end of 2024. If this prediction comes true, stablecoins could face an additional loss of $937.5 million in income, bringing the total potential loss due to the Federal Reserve's easing policy to $1.5625 billion.Among the affected stablecoins, Tether's USDT holds the largest share of U.S. Treasury-backed reserves, totaling up to $93.2 billion, including U.S. Treasury bonds and repurchase agreements. Following closely is Circle's USD Coin (USDC), which holds $28.7 billion in U.S. Treasury bonds through the Circle Reserve Fund, while other stablecoins have smaller positions in Treasury bonds.Despite these potential financial setbacks, the stablecoin market continues to show resilience. According to CCData, in September, the total market capitalization of stablecoins increased by 1.50%, reaching $172 billion, marking 12 consecutive months of growth.

ChainCatcher news, according to Cryptonews, the Federal Reserve recently decided to cut interest rates for the first time since March 2020, which is expected to impact the income streams of the five major centralized stablecoins. According to a report released by CCData on September 27, these stablecoins collectively hold nearly $125 billion in U.S. Treasury securities, and for every 50 basis points (bps) cut in interest rates, they could lose about $625 million in interest income. The report indicates that U.S. Treasury securities account for 80.2% of the reserves held by major stablecoins.Data from the Chicago Mercantile Exchange's FedWatch tool shows that the market expects a total interest rate cut of 75 basis points by the end of 2024, including a 50 basis point cut in November and a 25 basis point cut in December. If these predictions come true, stablecoins could face an additional income loss of $937.5 million, bringing the total potential loss from the Federal Reserve's easing policy to $1.5625 billion.Among the affected stablecoins, Tether's USDT holds the largest share of U.S. Treasury-backed reserves, totaling up to $93.2 billion, including U.S. Treasuries and repurchase agreements. Following closely is Circle's USD Coin (USDC), which holds $28.7 billion in U.S. Treasuries through the Circle Reserve Fund. Other stablecoins, such as First Digital USD (FDUSD), PayPal USD (PYUSD), and TrueUSD (TUSD), have smaller Treasury positions of $1.83 billion, $634 million, and $502 million, respectively.Despite these potential financial setbacks, the stablecoin market continues to show resilience. According to CCData, in September, the total market capitalization of stablecoins increased by 1.50%, reaching $172 billion, marking 12 consecutive months of growth.

ChainCatcher news, according to Unchained, Saga founder Rebecca Liao stated that the "Web3 Financial Compensation Report" shows that women in the Web3 finance sector earn an average of 46% less than men, a gap significantly higher than the 39% (U.S.) and 28% (U.K.) in Web2 finance.In 2024, over 90% of blockchain venture capital funding is directed towards male-dominated projects, and in 2023, women held only 26% of positions in the crypto industry, with only 6% in leadership roles.Although an earlier report from Pantera indicated that women in the crypto field earned 14.6% more than men, this study also showed that women in the industry had an average experience level of 5.3 years, compared to 4.5 years for men.Rebecca Liao stated that these two studies do not present a contradictory picture but rather emphasize the fact found by McKinsey in its 2023 Women in the Workforce report: women are not hindered by a lack of opportunities for C-suite promotions, but rather face a "leakage." This means that women progress from junior to mid-level positions at a slower rate than men, thereby hindering their chances of advancing to senior levels.

ChainCatcher news, according to The Block, recently, the 7-day moving average (7DMA) of daily staking income for Ethereum has dropped to $5.44 million, marking the lowest level since mid-February. The decline in this metric indicates that stakers are receiving less income from participating in the network, which may be influenced by factors such as reduced network activity, leading to lower transaction fees paid.Ethereum staking income refers to the rewards and earnings received by participants in the Ethereum proof-of-stake (PoS) consensus mechanism for validating transactions and securing the network. This income is typically generated through block rewards and transaction fees, distributed proportionally based on the amount of ETH staked.Additionally, the 7DMA of Ethereum network transaction counts is also approaching levels seen in February 2024, with only 1.15 million transactions on Friday, September 13, a decrease of about 13% from the annual high reached in March. Meanwhile, the 7DMA of on-chain transaction volume for Ethereum has also been hovering around February levels, at just $2.83 billion, which is approximately a 60% decline from the annual high in March and about a 56% drop from just over a month ago.

ChainCatcher news, online brokerage platform Robinhood launched a stock lending program in the UK on Wednesday, allowing UK consumers to earn passive income through the stocks they hold, marking the company's latest effort to expand its overseas market share. This stock trading app was launched in the UK last November after two previous attempts to enter the market, and it stated that its new feature will allow UK retail investors to directly lend any stocks held in their portfolios to interested borrowers.

ChainCatcher news, Sun Yuchen stated on the X platform early this morning that he plans to allocate the revenue from the SunPump protocol to the community. This plan will be submitted to the community for discussion in the form of a preliminary proposal. Once the final vote is passed, it will be officially implemented. All revenue generated by SunPumpMeme will be fully returned to the community through liquidity donations. All revenue generated by SunPumpMeme will be converted into SUN/TRX liquidity provider tokens (LP tokens), which will be converted on Sunswap V2, and then these tokens will be sent to a black hole address, ensuring that the liquidity can never be withdrawn. This approach enhances compliance, continuously accumulates liquidity, and stabilizes the price of the SUN token, allowing SUN to grow alongside the TRON network. The process of liquidity donation is as follows:Determine the amount of liquidity donation based on the revenue from SunPump.Use the full revenue to repurchase SUN tokens.Add liquidity to the SUN/TRX liquidity pool.Burn the LP tokens obtained through adding liquidity.Publicly disclose the transaction hash of the corresponding operation to complete the liquidity donation.

ChainCatcher news, according to Fortune, users of the platform X (formerly Twitter) owned by Elon Musk in Brazil may face a fine of 50,000 Brazilian Reais (approximately 8,910 USD) per day if they bypass the ban to access the site, which far exceeds the monthly or yearly income of an average Brazilian worker. Currently, any user found accessing X through a virtual private network (VPN) may be subject to this penalty.