Last year, the South Korean government stated its intention to begin taxing free cryptocurrency transfers under the Inheritance and Gift Tax Act. According to the Digital Times, the South Korean Ministry of Strategy and Finance recently indicated that cryptocurrency airdrops, staking, forks, and DeFi liquidity pools are all within the scope of this taxation. Regarding crypto asset issuers offering similar or dissimilar crypto assets to members holding specific assets, the Ministry of Strategy and Finance recently clarified the relevant tax laws in response to inquiries.

Encapsulating ETH2 is required before selling or sending your staked ETH before the Ethereum network upgrade; this feature is expected to be available as early as 2023. Besides this, cbETH can also be used in DeFi and other dApps. Furthermore, if you want to sell your ETH2 or send it to another wallet, you need to encapsulate it as cbETH, which is the only option.

Charles Edwards, founder of the quantitative crypto fund Capriole Investment, proposed the "Hash Ribbons" concept in 2019 to identify opportunities to buy Bitcoin. A "bearish crossover" occurs when the 30-day moving average of the hash rate falls below the 60-day moving average, indicating that miners are shutting down their mining rigs. Bitcoin sell-offs are often associated with these events. As more miners are forced out of the market, reduced competition lowers the mining difficulty of Bitcoin, potentially leading to a re-entry of miners and a possible price recovery.

Binance's Twitter post indicates that Ethereum's transition to Proof-of-Stake (PoS) can reduce energy consumption by 99.95%. This is the logic behind many investors' optimism about Ethereum's future, as it meets the energy requirements of institutional investment, leading to a significant influx of new institutional funds. Bitcoin balances on exchanges are near a four-year low, selling pressure is decreasing, and further downside potential is limited.

Since last November, the so-called "crypto winter" has wiped out $2 trillion in the overall cryptocurrency market capitalization, and many investors have gone into hibernation. But Yat Siu, founder of Hong Kong-based Animoca Brands, is launching an even more aggressive offensive. Animoca, Asia's largest blockchain venture capital firm, is building a massive financial, gaming, and social media conglomerate comprising over 340 companies. Siu says the company's goal is to empower people to own their virtual assets and break down the empires of Meta and Microsoft. Siu describes it as a "digital dictatorship."

Amidst the heated controversy, X2Y2, at the center of the storm, quickly released a new statement indicating that its royalty policy is still under development and the final decision will rest with token holders. X2Y2 added, "Removing royalties is not the perfect economic model for the NFT market: 0% royalties are definitely not the way forward." The platform hopes to establish the right standards to pave the way for the future development of the NFT industry. To quell the anger of its opponents, X2Y2 revealed plans to improve its current "royalty policy," including mandating royalties on 1/1 artwork and similar NFT works; and launching a "holder-only" voting system, allowing NFT holders as a group to decide whether to enable/disable custom royalties.