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According to BlockBeats, the NFT project Rektguy experienced a notable increase in its floor price, rising by 47.59% within 24 hours to reach 1.062
ETH
. Over the past week, the project's floor price has surged by 108.24%.
#ETH
#NFT
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Ether's Institutional Demand Grows Amid Market Correction
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Security Alert: Bitcoin Stolen Due to Unofficial Wallet Purchase According to BlockBeats, a security incident has been reported involving the theft of 4.35 BTC due to the purchase of a hardware wallet through unofficial channels. The victim used a wallet that had been pre-initialized by scammers, allowing the attackers to have access to the mnemonic phrase from the outset. This breach highlights the importance of purchasing wallet devices through official channels to ensure security. $BTC #BTC
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Tether Freezes Over 24 Million USDT on Tron Addresses According to Foresight News, Tether has frozen two Tron addresses holding over 10 million USDT each. One address contains 12,756,824 USDT, while the other holds 11,308,430 USDT. The action was detected by Whale Alert, a blockchain monitoring service. #TRX #USDT
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According to Cointelegraph, Japan's regulatory environment, rather than its tax policies, is the primary factor driving crypto innovation out of the country. Maksym Sakharov, co-founder and CEO of Web3 firm WeFi, highlighted that even if a proposed 20% flat tax on crypto gains is enacted, Japan's slow and risk-averse regulatory culture will continue to push startups and liquidity offshore. Sakharov emphasized that the 55% progressive tax is a significant burden, but it is no longer the main obstacle. Instead, the pre-approval model enforced by the Financial Services Agency (FSA) and the Japan Virtual and Crypto Assets Exchange Association (JVCEA), along with the lack of a dynamic sandbox, are the key issues. The process of listing a token or launching an initial exchange offering (IEO) in Japan is cumbersome, involving a two-step regulatory process. This includes a self-regulatory review by the JVCEA followed by final oversight by the FSA. This lengthy process can extend go-to-market timelines to six to twelve months or more, which Sakharov noted "burns runway and forces many Japanese teams to list first overseas." He pointed out that repeated delays in areas such as JVCEA token screening and IEO white paper vetting often require several rounds of revision, hindering innovation rather than accelerating it. Sakharov compared Japan's regulatory pace unfavorably with other jurisdictions, noting that Japan lags behind countries like the UAE, South Korea, and Singapore. He explained that while Singapore is strict, it offers clearer pathways, and the UAE and South Korea process listings more swiftly due to different regulatory focuses. He warned that the proposed tax changes and reclassification of crypto as a financial product will not alter the status quo unless the approval culture changes. Sakharov suggested that regulators adopt "time-boxed, risk-based approvals," implement a functional sandbox, and introduce proportional disclosure requirements to foster innovation. #CryptoInnovations
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Analysis Suggests MyBitcoin Wallets Linked to Recent Bitcoin Movement According to PANews, Ki Young Ju, the founder and CEO of on-chain analysis platform CryptoQuant, shared insights on the X platform regarding the recent movement of 80,000 #BTC that had been dormant for 14 years. These bitcoins are believed to have originated from MyBitcoin's custodial wallets, which had remained inactive since April 2011. This inactivity persisted until MyBitcoin was hacked in August 2011, leading to a significant bitcoin theft and the platform's subsequent bankruptcy announcement. The wallets in question may belong to the hacker responsible for the attack or to Tom Williams, the anonymous founder of MyBitcoin. It appears that Galaxy Digital has acquired these bitcoins, although it is unclear if they have conducted any forensic investigations. #BTC $BTC
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