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Wu Blockchain· 2025-11-18 14:40
Tether announced today that it has invested in Bitcoin lending company Ledn. Since its inception, Ledn has issued over $2.8 billion in Bitcoin-backed loans, with more than $1 billion expected in 2025 alone. The company’s current annual recurring revenue (ARR) has surpassed $100 million.https://t.co/bBk6DvBipq ...
X @Wu Blockchain
Wu Blockchain· 2025-11-18 14:00
Korean crypto asset institutions and investors may face a tax burden of 20%–25%On November 4 at the Finternet 2025 Asia Digital Finance Summit, Kintsugi Technologies CBO Harry Kim told Stratford Finance Managing Director Angelina Kwan that although Korea is opening its tokenization market, its rules on taxation, custody and core digital-asset laws are still incomplete. Unlike Hong Kong, which currently does not tax such transactions, Korea plans to levy around 20%–25% on digital assets, so building a clear ...
X @Wu Blockchain
Wu Blockchain· 2025-11-18 11:51
The Value Behind Uniswap's UNIfication Proposal and the CCA Protocol: Uniswap has launched “UNIfication,” enabling protocol fees and using them, along with fees from the Unichain Sequencer, to burn UNI. It introduces a Protocol Fee Discount Auction (PFDA) to internalize MEV, and plans to retroactively burn 100 million UNI. The goal is to directly anchor protocol usage to token scarcity and cash flow. While user-side fees are reduced, LP earnings are diverted, and it remains to be seen whether PFDA and tradi ...
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Wu Blockchain· 2025-11-18 10:56
According to Reuters, Brazil is considering taxing the use of cryptocurrencies for international payments. Two informed officials said the Finance Ministry is evaluating whether to extend the existing financial transaction tax (FTT) to certain cross-border crypto transactions, including payments using virtual assets and stablecoins. One source noted that the central bank has classified such transactions as foreign exchange operations, which could make them subject to taxation.https://t.co/uowazOTVLZ ...
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Wu Blockchain· 2025-11-18 08:56
Crypto ETF Flows - U.S spot Bitcoin ETFs experienced a $255 million net outflow, marking a four-day redemption streak [1] - BlackRock's IBIT led the Bitcoin ETF outflows with $146 million in a single day [1] - Spot Ethereum ETFs saw $183 million in net outflows [1] - U.S spot Solana ETFs recorded a $8.26 million net inflow [1]
X @Wu Blockchain
Wu Blockchain· 2025-11-18 07:56
ETF Launch & Fees - Fidelity's spot Solana ETF (FSOL) is expected to launch on November 19 with a 25 bps (0.25%) fee [1] - BlackRock is not participating in the Solana ETF launch for now [1] - BSOL will list first with approximately $450 million in assets [1] - VSOL launched today [1] Competitor Activity - Grayscale is also entering the Solana ETF market [1] - Canary Funds will launch its own Solana ETF (SOLC) on the same day [1] On-Chain Staking - Canary Funds is partnering with Marinade Finance for on-chain staking of its Solana ETF (SOLC) [1]
X @Wu Blockchain
Wu Blockchain· 2025-11-18 07:25
BitMEX co-founder Arthur Hayes said Bitcoin’s drop is driven by shrinking USD liquidity, not fundamentals, as ETF arbitrage and DAT flows fade. He sees BTC potentially sliding to $80k–$85k near term. Hayes expects that once U.S. equities correct and liquidity returns, Bitcoin could rebound toward $200k–$250k by year-end.https://t.co/5OBqZCEkbh ...
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Wu Blockchain· 2025-11-18 06:39
Upbit will list MET2 on Nov 18, 2025 at 17:00 KST, opening KRW, BTC, and USDT markets; deposits open two hours after the notice. Meteora is a Solana-based liquidity infrastructure using proprietary Dynamic Liquidity Market Maker (DLMM) and Dynamic Automated Market Maker (DAMM). The MET2 token will initially reward liquidity providers, and later support staking and governance within the ecosystem. https://t.co/FxBBVlq23Q ...
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Wu Blockchain· 2025-11-18 06:24
Acquisition Deal - Lloyds Banking Group is set to acquire digital wallet provider Curve for £120 million [1] - The valuation of £120 million is significantly below Curve's previous fundraising rounds [1] Financial Status & Investor Reaction - Curve has raised over £250 million in the past [1] - Curve's CEO warned the company might run out of cash this year without a takeover [1] - Major shareholder IDC Ventures opposes the sale and is considering legal action due to the low valuation [1]
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Wu Blockchain· 2025-11-18 05:02
Arkham data shows a Mt.Gox cold wallet transferred 10,422.6 BTC (~$936M) 12 minutes ago to address starting with "1ANkDML". No further movements have been observed. https://t.co/79jKW64w5L https://t.co/Y43G45q0WX ...