YXT.COM Group Holding Limited (YXT) IPO: Key Details, Strategy, and Market Insights

Bitcoin investors return to long-term holding mode

Despite the volatile and challenging market environment, long-term holders’ confidence remains steadfast and they continue to seize opportunities to increase their Bitcoin holdings.

Dentsu Group and TOPPAN Holdings Unite for Web3.0 Wallets & Photorealistic Avatars

From December 11, 2023, TOPPAN Holdings, Inc. and Dentsu Group, Inc. are teaming up with ODK Solutions, Inc., Sony Corporation, and several other entities to introduce a groundbreaking innovation - the Web3.0 Wallet. This digital asset storage solution incorporates photorealistic avatars to revolutionise user interaction.

Japan Eyes Tax Breaks for Companies Holding Cryptocurrency

Japan's ruling coalition has proposed a tax code amendment that would exempt companies from paying tax on unrealised cryptocurrency gains if they hold on to the digital assets.

ARAX Holdings Secures 20% Stake in The Nemesis' Blockchain Metaverse

ARAX Holdings' acquisition of The Nemesis signifies a strategic leap into the evolving metaverse landscape. The collaboration is poised to redefine digital interactions, offering potential economic benefits and expanding ARAX's influence within the digital asset management domain.

New Tax Rules for Brazilians Holding Crypto Abroad

Brazil has approved new income tax rules that may impose up to a 15% tax on cryptocurrency income from foreign exchanges for its citizens. Effective from January 1, 2024, the legislation aligns the tax rate for foreign-held crypto with domestic income. The bill targets individuals earning over $1,200 on non-Brazilian exchanges, with different tax rates based on access dates. It also extends to "exclusive funds" and foreign companies in the Brazilian financial market. Despite Senate approval, there is internal opposition to the tax, reflecting ongoing debates. The move is part of broader regulatory efforts, with the central bank gaining control over virtual asset service providers and increased scrutiny on crypto-based securities.

SC Ventures and SBI Holdings Forge $100M Crypto Venture

SC Ventures and SBI Holdings form a $100 million crypto investment initiative, signalling their active involvement in decentralised finance, tokenisation, and the metaverse.

SBI Holdings to Launch Fund Supporting Web3, AI, and Metaverse Startups

Already, significant contributors to this fund include Sumitomo Mitsui Banking Corporation, Mizuho Bank, Nippon Life Insurance, and the Daiwa Securities Group, committing a total investment exceeding 50 billion yen.

Arbitrum whales mostly holding through governance drama

The debate surrounding Arbitrum’s failed keystone improvement proposal and its subsequent scrapping, caused the price of its governance token to decline.

Paxos Is Holding 'Constructive Discussions' With SEC

Glassnode: Bitcoin holding activity similar to previous market bottoms

According to Glassnode data, as of this writing, the price of Bitcoin is just over $21,000, which means that about 45% of Bitcoin holders have "paper losses."