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On May 30, the European Commission projected that a potential new unified tax on crypto companies could bring approximately €20 billion in new revenue to the EU during the next seven-year budget cycle from 2028 to 2034. The Commission also evaluated specific types of taxes: a 0.1% tax on the value of crypto transactions could generate around €3-4 billion annually, while a capital gains tax on crypto could yield €1-2.4 billion each year. These proposed crypto-related taxes aim to help address the funding sources for the EU's common budget and are currently in the negotiation phase among member states.

[EU Assesses Unified Tax on Crypto Industry, Potentially Generating €20 Billion in New Revenue Over Seven-Year Budget Cycle]On May 30, the European Commission projected that a potential new unified tax on crypto companies could bring approximately €20 billion in new revenue to the EU during the next seven-year budget cycle from 2028 to 2034. The Commission also evaluated specific types of taxes: a 0.1% tax on the value of crypto transactions could generate around €3-4 billion annually, while a capital gains tax on crypto could yield €1-2.4 billion each year. These proposed crypto-related taxes aim to help address the funding sources for the EU's common budget and are currently in the negotiation phase among member states.

EU Assesses Unified Tax on Crypto Industry, Potentially Generating €20 Billion in New Revenue Over Seven-Year Budget Cycle

On May 30, the European Commission projected that a potential new unified tax on crypto companies could generate approximately €20 billion in new revenue for the EU during the next seven-year budget cycle from 2028 to 2034. The Commission also evaluated specific types of taxes: a 0.1% tax on the value of crypto transactions could generate around €3-4 billion annually, while a capital gains tax on crypto could yield between €1-2.4 billion each year. These proposed crypto-related taxes aim to help address the funding sources for the EU's common budget and are currently in the negotiation phase among member states.

[EU Assesses Unified Tax on Crypto Industry, Potentially Generating €20 Billion in New Revenue Over Seven-Year Budget Cycle]On May 30, the European Commission projected that a potential new unified tax on crypto companies could generate approximately €20 billion in new revenue for the EU during the next seven-year budget cycle from 2028 to 2034. The Commission also evaluated specific types of taxes: a 0.1% tax on the value of crypto transactions could generate around €3-4 billion annually, while a capital gains tax on crypto could yield between €1-2.4 billion each year. These proposed crypto-related taxes aim to help address the funding sources for the EU's common budget and are currently in the negotiation phase among member states.

On May 30, on-chain detective ZachXBT further revealed that Circle's decision to blacklist the Zama cUSDC contract address, resulting in approximately $12.6 million in frozen funds, is related to a civil lawsuit in the United States. Circle is believed to have received an enforcement notice from a U.S. court. Additionally, it appears that the Zama team did not receive prior notification from Circle regarding the freeze, and the plaintiff may have misrepresented the connection between the frozen address and the Zama contract to the court. The civil lawsuit was filed against Overnight Finance, with one of the plaintiffs being Patagon Management, an entity known for malicious DAO takeovers and RFV (Risk-Free Value) plundering strategies. Zama users will be indirectly affected by this legal dispute. Note: Patagon Management is a U.S.-based cryptocurrency-focused investment and trading firm founded by Diogenes Casares, primarily focusing on 'special situation investments,' particularly aggressive investments in the decentralized autonomous organization (DAO) space. The entity is known for engaging in malicious DAO takeovers and RFV plundering strategies, encouraging the dissolution or liquidation of DAOs by acquiring large amounts of governance tokens and pushing proposals, thereby returning value to token holders (or itself). It has been deeply involved in litigation and governance actions related to projects such as SpartacusDAO, Aragon DAO, and Rook DAO, often viewed by project teams as risk-free value plunderers or 'vulture investors.'

[Analysis: Circle Blacklists Zama cUSDC Contract Due to Patagon's Civil Lawsuit Against Overnight]On May 30, on-chain detective ZachXBT further revealed that Circle's decision to blacklist the Zama cUSDC contract address, resulting in approximately $12.6 million in frozen funds, is related to a civil lawsuit in the United States. Circle is believed to have received an enforcement notice from a U.S. court. Additionally, it appears that the Zama team did not receive prior notification from Circle regarding the freeze, and the plaintiff may have misrepresented the connection between the frozen address and the Zama contract to the court. The civil lawsuit was filed against Overnight Finance, with one of the plaintiffs being Patagon Management, an entity known for malicious DAO takeovers and RFV (Risk-Free Value) plundering strategies. Zama users will be indirectly affected by this legal dispute. Note: Patagon Management is a U.S.-based cryptocurrency-focused investment and trading firm founded by Diogenes Casares, primarily focusing on 'special situation investments,' particularly aggressive investments in the decentralized autonomous organization (DAO) space. The entity is known for engaging in malicious DAO takeovers and RFV plundering strategies, encouraging the dissolution or liquidation of DAOs by acquiring large amounts of governance tokens and pushing proposals, thereby returning value to token holders (or itself). It has been deeply involved in litigation and governance actions related to projects such as SpartacusDAO, Aragon DAO, and Rook DAO, often viewed by project teams as risk-free value plunderers or 'vulture investors.'

Analysis: Circle Blacklists Zama cUSDC Contract Due to Patagon's Civil Lawsuit Against Overnight

On May 30, U.S. Secretary of Defense Mark Esper stated at the 23rd Shangri-La Dialogue that President Trump believes any deal reached between the U.S. and Iran will be beneficial, and emphasized that Trump is very patient in achieving this. Esper mentioned, "I spoke with Trump this morning, and he wants me to reiterate how patient he is in ensuring that this historic effort by the U.S. is successful. Any deal with Iran will be a good deal, a great deal." He is very patient in reaching this agreement. (Xinhua)

[U.S. Defense Secretary: Trump Patiently Awaits Deal with Iran, Any Agreement Will Be Beneficial]On May 30, U.S. Secretary of Defense Mark Esper stated at the 23rd Shangri-La Dialogue that President Trump believes any deal reached between the U.S. and Iran will be beneficial, and emphasized that Trump is very patient in achieving this. Esper mentioned, "I spoke with Trump this morning, and he wants me to reiterate how patient he is in ensuring that this historic effort by the U.S. is successful. Any deal with Iran will be a good deal, a great deal." He is very patient in reaching this agreement. (Xinhua)

U.S. Defense Secretary: Trump Patiently Awaits Deal with Iran, Any Agreement Will Be Beneficial

On May 30, the Huobi HTX VIP private class "AI + Trading from Theory to Practice" was held in Shanghai. Early Bitcoin miner and CTO of pyra.io, Tian Jia, shared insights on the development of quantum computing and its impact on trading. He believes that if quantum computing poses a threat to 'Bitcoin addresses with exposed public keys,' it would be on average in 7 to 8 years, with a range of 5 to 15 years. The required number of logical qubits is between 1200 and 2400, while the physical qubit count is less than 500,000. Additionally, Bitcoin has defensive measures; it can transition to post-quantum cryptography (PQC), although there are significant challenges, such as the locking issue with Satoshi's coin.

[Tian Jia: Quantum Computing Expected to Threaten Exposed Public Key Bitcoin Addresses in 5-15 Years]On May 30, the Huobi HTX VIP private class "AI + Trading from Theory to Practice" was held in Shanghai. Early Bitcoin miner and CTO of pyra.io, Tian Jia, shared insights on the development of quantum computing and its impact on trading. He believes that if quantum computing poses a threat to 'Bitcoin addresses with exposed public keys,' it would be on average in 7 to 8 years, with a range of 5 to 15 years. The required number of logical qubits is between 1200 and 2400, while the physical qubit count is less than 500,000. Additionally, Bitcoin has defensive measures; it can transition to post-quantum cryptography (PQC), although there are significant challenges, such as the locking issue with Satoshi's coin.

Tian Jia: Quantum Computing Expected to Threaten Exposed Public Key Bitcoin Addresses in 5-15 Years

Prediction market Polymarket has disclosed updates on the platform, which include: launching the World Cup page and initiating function testing, introducing perpetual contract features (including 5 traditional financial trading pairs and BTC perpetual contracts), optimizing CLOB performance with a version set to be released next week to address queue congestion issues, open-sourcing the SDK, launching a unified API, and implementing Gamma fixes and improvements (including stricter key set pagination and high-traffic read path indexing, as well as production accuracy fixes for users, profiles, comments, and sports summaries).

[Polymarket Launches World Cup Page and Initiates Function Testing]Prediction market Polymarket has disclosed updates on the platform, which include: launching the World Cup page and initiating function testing, introducing perpetual contract features (including 5 traditional financial trading pairs and BTC perpetual contracts), optimizing CLOB performance with a version set to be released next week to address queue congestion issues, open-sourcing the SDK, launching a unified API, and implementing Gamma fixes and improvements (including stricter key set pagination and high-traffic read path indexing, as well as production accuracy fixes for users, profiles, comments, and sports summaries).

Polymarket Launches World Cup Page and Initiates Function Testing

Kyle Samani, co-founder of Multicoin Capital, analyzed the development of Kalshi and the U.S. crypto perpetual contract market on the X platform, suggesting three potential scenarios: 1. Kalshi's previous efforts may be irrelevant, as the U.S. market already offers non-regulated perpetual contracts. 2. The protocol must meet the eight decentralized tests of the CLARITY Act: If the CLARITY Act is successfully passed, the protocol could offer perpetual contracts in the U.S. without registering as a DCO (Designated Contract Organizer) and DCM (Designated Contract Market). 3. The product may still attract users but could be unable to legally enter the U.S. financial system: Even if users accept it, the protocol may still struggle to distribute within a compliant framework. The analysis highlights the complex relationship between current U.S. derivatives regulation and decentralized protocols, as well as the uncertainty surrounding the launch of innovative financial products within legal compliance.

[Kyle Samani: Uncertainty Surrounding Kalshi and U.S. Crypto Perpetual Contracts May Lead to Three Potential Outcomes]Kyle Samani, co-founder of Multicoin Capital, analyzed the development of Kalshi and the U.S. crypto perpetual contract market on the X platform, suggesting three potential scenarios: 1. Kalshi's previous efforts may be irrelevant, as the U.S. market already offers non-regulated perpetual contracts. 2. The protocol must meet the eight decentralized tests of the CLARITY Act: If the CLARITY Act is successfully passed, the protocol could offer perpetual contracts in the U.S. without registering as a DCO (Designated Contract Organizer) and DCM (Designated Contract Market). 3. The product may still attract users but could be unable to legally enter the U.S. financial system: Even if users accept it, the protocol may still struggle to distribute within a compliant framework. The analysis highlights the complex relationship between current U.S. derivatives regulation and decentralized protocols, as well as the uncertainty surrounding the launch of innovative financial products within legal compliance.

Kyle Samani: Uncertainty Surrounding Kalshi and U.S. Crypto Perpetual Contracts May Lead to Three Potential Outcomes

On May 30, according to U.S. sources, an anonymous informant revealed that Iran recently launched a ballistic missile attack on the U.S. Air Force base in Kuwait, resulting in several Americans sustaining minor injuries. The informant stated that Kuwait's air defense forces intercepted a "Conqueror-110" missile at the time, but debris fell on the Ali Al-Salem Air Base, injuring multiple personnel and damaging one MQ-9 Reaper drone while another sustained severe damage. The U.S. Central Command has not yet responded to this information. On May 28, the U.S. Central Command issued a statement accusing Iran of launching missiles towards Kuwait. In response, Iran stated that the attack on the U.S. base was a retaliation for the U.S. strike on the port of Abadan.

[Sources: Iranian Attack on US Military Base in Kuwait Injures Several Americans]On May 30, according to U.S. sources, an anonymous informant revealed that Iran recently launched a ballistic missile attack on the U.S. Air Force base in Kuwait, resulting in several Americans sustaining minor injuries. The informant stated that Kuwait's air defense forces intercepted a "Conqueror-110" missile at the time, but debris fell on the Ali Al-Salem Air Base, injuring multiple personnel and damaging one MQ-9 Reaper drone while another sustained severe damage. The U.S. Central Command has not yet responded to this information. On May 28, the U.S. Central Command issued a statement accusing Iran of launching missiles towards Kuwait. In response, Iran stated that the attack on the U.S. base was a retaliation for the U.S. strike on the port of Abadan.

Sources: Iranian Attack on US Military Base in Kuwait Injures Several Americans

On May 30, on-chain investigator ZachXBT revealed that approximately 7 hours prior, USDC issuer Circle allegedly blacklisted the confidential USDC (cUSDC) contract address of the privacy protocol Zama on the Ethereum network. Approximately $12.6 million in funds within that contract have currently been frozen, and the related assets are temporarily unable to be transferred or used normally. As of now, neither Circle nor Zama has released a detailed statement regarding this matter.

[Circle Suspected of Blacklisting Zama's cUSDC Contract Address, Approximately $12.6 Million Frozen]On May 30, on-chain investigator ZachXBT revealed that approximately 7 hours prior, USDC issuer Circle allegedly blacklisted the confidential USDC (cUSDC) contract address of the privacy protocol Zama on the Ethereum network. Approximately $12.6 million in funds within that contract have currently been frozen, and the related assets are temporarily unable to be transferred or used normally. As of now, neither Circle nor Zama has released a detailed statement regarding this matter.

Circle Suspected of Blacklisting Zama's cUSDC Contract Address, Approximately $12.6 Million Frozen

1. Bitcoin mining difficulty increased by 13.55% to 35.61T;
2. Ethereum Core Devs to discuss Shanghai upgrade on next AllCoreDevs call on October 27;
3. Fed's Evans: Rates expected to be slightly above 4.5% by early 2023.

#POLICY
1. FSS to discuss abnormal foreign exchange remittance of cryptocurrencies on October 11;
2. EU Commission launches a public call for tender for a study on "embedded supervision" of DeFi on Ethereum;
3. Stablecoins’ role in cutting international payment costs probed by payments watchdog;
4. Fed's Evans: Rates expected to be slightly above 4.5% by early 2023.

#CRYPTOCURRENCY 
1. Bitcoin mining difficulty increased by 13.55% to 35.61T;
2. Ethereum Core Devs to discuss Shanghai upgrade on next AllCoreDevs call on October 27;
3. South Korea investigation team: Do Kwon's passport will expire on Oct 19 and Singapore can deport him;
4. The former CEO of Celsius transferred 120,000 CEL again;
5. Bitcoin block reward is at an all-time low of 4.06 BTC/EH per day;
6. Hamilton Lane preps tokenized funds to draw individual investors;
7. The zkSync 2.0 testnet will reset the transaction history and token balance, and the mainnet will be launched in 24 days;
8. Grayscale GBTC premium rate exceeded -36%, hitting a record low;
9. SWIFT makes significant progress in CBDC experiments, poised to flip cross-border payments;
10. Big Law attorneys buy crypto despite lack of firm guidance;
11. The Graph releases roadmap for 2023, including moving the protocol to L2 with Arbitrum One;
12. Crypto and payments firm MobileCoin launches new stablecoin eUSD;
13. CoinShares: Digital asset investment products saw outflows totalling $5m last week;
14. Makers of zkSync to launch Layer 3 testnet ‘Pathfinder’ in Q1 2023;
15. Crypto services firm Luxor to offer derivatives for bitcoin miners to hedge risk.

#NFT 
1. Oscar winner Anthony Hopkins launches 'The Eternal' NFT;
2. DefiLlama founder will launch NFT lending project llamalend.

#DEFI 
1. With crypto governance in CFTC crosshairs, SushiSwap mulls legal shakeup;
2. TrueFi issues notice of default to Blockwater Technologies;
3. Polkadot ecosystem DEX Mangata attacker moves the 11,700 KSM;
4. Transit Swap: The biggest hacker in the attack agrees to keep 2,500 BNB as a bounty and returns 10,000 BNB;
5. Polygon ecosystem DEX QuickSwap launches lending product QuickSwap Lend.

#FUNDING 
1. Sovryn raises $5.4 million, led by General Catalyst;
2. Blockchain gaming company Elyzio raises $2 million led by Vgames.

#Web 3
1. UAE Web3 ecosystem houses almost 1.5K active organizations: Report.

Detail

【Huobi Global Daily】1. Bitcoin mining difficulty increased by 13.55% to 35.61T;
2. Ethereum Core Devs to discuss Shanghai upgrade on next AllCoreDevs call on October 27;
3. Fed's Evans: Rates expected to be slightly above 4.5% by early 2023.

#POLICY
1. FSS to discuss abnormal foreign exchange remittance of cryptocurrencies on October 11;
2. EU Commission launches a public call for tender for a study on "embedded supervision" of DeFi on Ethereum;
3. Stablecoins’ role in cutting international payment costs probed by payments watchdog;
4. Fed's Evans: Rates expected to be slightly above 4.5% by early 2023.

#CRYPTOCURRENCY 
1. Bitcoin mining difficulty increased by 13.55% to 35.61T;
2. Ethereum Core Devs to discuss Shanghai upgrade on next AllCoreDevs call on October 27;
3. South Korea investigation team: Do Kwon's passport will expire on Oct 19 and Singapore can deport him;
4. The former CEO of Celsius transferred 120,000 CEL again;
5. Bitcoin block reward is at an all-time low of 4.06 BTC/EH per day;
6. Hamilton Lane preps tokenized funds to draw individual investors;
7. The zkSync 2.0 testnet will reset the transaction history and token balance, and the mainnet will be launched in 24 days;
8. Grayscale GBTC premium rate exceeded -36%, hitting a record low;
9. SWIFT makes significant progress in CBDC experiments, poised to flip cross-border payments;
10. Big Law attorneys buy crypto despite lack of firm guidance;
11. The Graph releases roadmap for 2023, including moving the protocol to L2 with Arbitrum One;
12. Crypto and payments firm MobileCoin launches new stablecoin eUSD;
13. CoinShares: Digital asset investment products saw outflows totalling $5m last week;
14. Makers of zkSync to launch Layer 3 testnet ‘Pathfinder’ in Q1 2023;
15. Crypto services firm Luxor to offer derivatives for bitcoin miners to hedge risk.

#NFT 
1. Oscar winner Anthony Hopkins launches 'The Eternal' NFT;
2. DefiLlama founder will launch NFT lending project llamalend.

#DEFI 
1. With crypto governance in CFTC crosshairs, SushiSwap mulls legal shakeup;
2. TrueFi issues notice of default to Blockwater Technologies;
3. Polkadot ecosystem DEX Mangata attacker moves the 11,700 KSM;
4. Transit Swap: The biggest hacker in the attack agrees to keep 2,500 BNB as a bounty and returns 10,000 BNB;
5. Polygon ecosystem DEX QuickSwap launches lending product QuickSwap Lend.

#FUNDING 
1. Sovryn raises $5.4 million, led by General Catalyst;
2. Blockchain gaming company Elyzio raises $2 million led by Vgames.

#Web 3
1. UAE Web3 ecosystem houses almost 1.5K active organizations: Report.

Huobi Global Daily

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BTC breaks through 74000 USDT

Huobi Global Daily

Descargo de responsabilidad：El contenido anterior no representa las posiciones de HTX.，HTX no ofrece ninguna recomendación de trading.。

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