| U.S. Senators have reached a bipartisan agreement on a crypto asset tax amendment; Circle plans to become a fully-reserved national digital currency commercial bank (August 10)

headlines
U.S. Senators Have Reached Bipartisan Agreement on Crypto Asset Tax Amendment
U.S. Senators Toomey and Lummis stated that they have reached a bipartisan agreement on the encrypted asset tax amendment, excluding miners and key wallets from the reporting rules, and reached an agreement with Warner, Sinema, and Portman. Lummis said Wyden did not sign it, but it had the backing of the Treasury. In addition, U.S. Republican Senator Toomey said that a tax amendment on encrypted assets will be submitted soon. The Crypto Asset Tax Amendment Agreement will not involve software developers and transaction validators, node operators or other non-brokers. There is still some time until the crypto asset tax amendment is implemented. Will seek consensus on crypto asset tax amendments.
digital currency
Tether: All Tether tokens are fully backed by reserves
Tether: All Tether tokens are fully backed by reserves
CherrySwap has reached a cooperation with FarmHero, a new multi-chain protocol
CherrySwap has reached a cooperation with FarmHero, a new multi-chain protocol
The Swarm fork network SANA will take a snapshot of the BZZ and PHA currency holding addresses and airdrop the main network tokens
Bybit donated approximately $47.2 million to the treasury of the decentralized autonomous organization BitDAO
According to data from Dune Analytics, OpenSea's single-day transaction volume reached US$78.8101 million yesterday, a record high.
Blockchain industry
TME digital collection official announcement, the first batch of collections will soon be launched on QQ Music
Tencent Technology Co., Ltd. recently added a number of patent information, one of which is related to blockchain technology, named "Resource Aggregation Method, System, Equipment and Storage Media Based on Blockchain", the publication number is CN111667371B, and the legal status shows that the Patent has been granted. The patent abstract shows that this application discloses a resource aggregation method, system, equipment and storage medium based on blockchain, which belongs to the technical field of blockchain. The application of this scheme can improve resource aggregation in two stages of data preparation and data verification. Process efficiency and safety. (Aijiwei)
Investment and Financing
Indonesian crypto exchange Pintu completed a US$35 million Series A financing, led by Lightspeed Venture Partners, with participation from Alameda Ventures, Blockchain.com Ventures, Castle Island Ventures, Coinbase Ventures, Intudo Ventures, and Pantera Capital. Funds will be used for recruiting efforts, increasing Pintu's market position through strategic partnerships, educational marketing campaigns, and delivering new products and features. (Yahoo Finance)
Indonesian Crypto Exchange Pintu Completes $35M Series A Funding Led by Lightspeed Venture Partners
Indonesian crypto exchange Pintu completed a US$35 million Series A financing, led by Lightspeed Venture Partners, with participation from Alameda Ventures, Blockchain.com Ventures, Castle Island Ventures, Coinbase Ventures, Intudo Ventures, and Pantera Capital. Funds will be used for recruiting efforts, increasing Pintu's market position through strategic partnerships, educational marketing campaigns, and delivering new products and features. (Yahoo Finance)
Fintech firm Sarwa completes $15 million Series B round led by Mubadala
Sarwa, a UAE-based financial technology company, completed a $15 million Series B round of financing led by Mubadala Investment Company, with participation from 500 Startups and Kuwait Projects Company. Sarwa aims to provide more innovative personal financial products such as Sarwa Trade and Sarwa Crypto through its mobile application. Sarwa Crypto added 5% to the Grayscale Bitcoin Trust GBTC. (wamda)
global policy
The spokesperson of the Monetary Authority of Singapore (MAS) revealed that 89 companies that have applied for DPT have been notified. If the applicant takes the necessary measures to meet the requirements of MAS for licensed operations, it will then receive a grant from MAS to the applicant. license. The spokesperson further revealed the detailed list of 89 companies, including Binance Asia Services PTE. LTD (BINANCE ASIA SERVICES PTE. LTD), Coinbase Singapore Pte. OKCOIN PTE. LTD) and other cryptocurrency exchanges. (Blockchain Daily)
Character·Voice
China Railway Emergency: Ebang International and its chairman deliberately fabricated false information, and the company has reported the case to the public security organ
Glassnode: Bitcoin is not entering a bear market cycle similar to 2018


