On December 10, the South Korean National Assembly passed an amendment to the Income Tax Act, which included "abolition of financial investment income tax (gold investment tax)" and "postponement of taxation on virtual assets for 2 years". The effective date of virtual asset income tax was extended from January 1, 2025 to January 1, 2027.

According to a report by 10x Research shared by BlockBeats, South Korea’s cryptocurrency trading volume has plunged from a peak of $25 billion to $6.6 billion, as cautious market sentiment takes hold ahead of the Christmas holidays. Retail activity has slowed significantly, reflecting a more reserved market environment.The report highlights that Bitcoin's Market Value to Realized Value (MVRV) ratio currently stands at 2.7x, signaling a "mid-cycle peak." Historically, when Bitcoin's price hits 4x its cost base, it often leads to large-scale profit-taking. At the 2.7x stage, many investors consider consolidation or profit-taking strategies.Bitcoin’s key support level has been identified at $95,000. Analysts suggest that a breakout above $100,000 could signal strong bullish momentum, while a drop below $95,000 would warrant caution, urging investors to manage risks and avoid weaker market sectors.This mid-cycle stage underscores the importance of staying vigilant as market participants weigh consolidation or further rallying opportunities.

As of December 10, Bitcoin's market dominance (BTC.D) has climbed to 56.95%, according to TradingView data reported by TechFlow.

Cryptocurrency data giant CoinMarketCap has launched the CMC100 Index, a benchmark designed to measure the performance of the top 100 cryptocurrencies by market capitalization. This move aims to provide investors with a comprehensive tool to track the industry's leading assets.The CMC100 Index aggregates market prices from verified data sources on CoinMarketCap and is updated every five minutes in USD. The index is rebalanced monthly, with coin selection based on market capitalization rankings to ensure an accurate representation of the market's dynamics.The index employs a market capitalization-weighted model, where the top 10 cryptocurrencies by market capitalization dominate with a combined weight of 90.11%, reflecting their significant influence on the overall market.

Binance founder CZ posted on X platform: "The total amount of Bitcoin will always be only 21 million. 19.8 million Bitcoins have been mined. Think about this problem with mathematical thinking."

Switzerland-based BTC trading and custody application Relai has completed a $12 million Series A financing round led by Bitcoin venture capital Ego Death Capital, which has pledged to raise $4 million for the financing. Other participants include Plan B Bitcoin Fund, Timechain, and Solit Group. Relai plans to use the new funds to further expand into Europe and obtain a MICA license.

null source: https://x.com/Bitcoinsensus/status/1866440461583335639

암호화폐 거래는 BTC, 알트코인, 스테이블코인 및 기타 암호화폐 자산을 시장에서 매수하고 매도하여 수익을 창출하는 것입니다. source: https://ko.spaziocrypto.com/web3-gaideu/beulrogceineseo-jadonghwadoen-teureiding-algorijeum-gucughagi/

Binance has published its 25th Proof of Reserves (PoR) report, showcasing robust asset backing for user funds. As of December 1, the world’s leading cryptocurrency exchange maintains a Bitcoin (BTC) reserve ratio of 108.21%, holding 627,745.577 BTC against user net balances of 580,111.242 BTC.Ethereum (ETH) reserves are also solid, with a ratio of 102.68%. Binance holds 5,078,355.565 ETH while user balances total 4,945,692.541 ETH. Additionally, Tether (USDT) reserves reach an impressive 108.96%, and Binance Coin (BNB) reserves stand at 105.54%.This latest PoR report highlights Binance’s continued commitment to transparency and its ability to ensure customer funds are fully backed. By maintaining reserve ratios above 100% across major cryptocurrencies, Binance reinforces user confidence in its platform amid an evolving crypto landscape.

The Swiss Blockchain Federation provided members of the Council of States and the National Council with a hands-on introduction to the world of crypto in Bern.The article Members of the Swiss Parliament receive a crash course on bitcoin and blockchain was first published on Crypto Valley Journal. source: https://cryptovalleyjournal.com/focus/legal-and-compliance/members-swiss-parliament-bitcoin-blockchain-crash-course/?utm_campaign=rss_reader&utm_medium=rss&utm_source=feed_source&utm_content=Members+of+the+Swiss+Parliament+receive+a+crash+course+on+bitcoin+and+blockchain

Artificial intelligence (AI) has become a key force driving technological innovation and social progress.

Social media influencer and singer Abdurozik Savriqul Muhammadroziqi, popularly known as “Abdu Rozik,” revealed that the key to crypto success is simple: be a good person.

Agoda released an AI-generated short film, *Leo’s Magical Travel Adventures*, showcasing Asia Pacific's diverse cultures through vibrant storytelling. Created with ChatGPT and Midjourney, the film celebrates travel's power to connect people and inspire exploration.

In the last few days, several customers of the crypto exchange Coinbase have complained about having their accounts restricted.

The Cosmos ecosystem will always be one Epoch ahead of the Ethereum community, with Celesita, the modularization cycle, in front and Initia, the chain abstraction cycle, behind.

Movement Labs, Movement opens with a market value of 10 billion USD. What does its lead investor Hack VC think? Golden Finance, Why did Movement start with a market value of 10 billion USD? Is it high?

Caroline Crenshaw's SEC renomination faces targeted opposition, including digital media campaigns, reflecting America's growing interest in cryptocurrency and fear of missing out on the evolving digital asset market.

DeSci attempts to change the publishing and dissemination model of academic activities in a decentralized way to solve the centralization problems inherent in the traditional academic research process, making the scientific research field more open and fair.

Binance has not yet decided on its new global headquarters due to complexities like tax laws and talent acquisition challenges. Legal troubles, including Changpeng Zhao's legal issues and a $4.3 billion fine, have led Binance to restructure its leadership and adopt better governance strategies.

Decentralized science (DeSci) promotes transparency, democratization and global cooperation in scientific research through blockchain technology and decentralized governance, but new opportunities in integrating traditional frameworks and regulatory challenges need to be addressed.