DashTape

DashTape reports Bitcoin News posted on X platform, stating that according to WELT, the German Ministry of Finance is drafting a tax reform plan to impose taxes on gains from Bitcoin and other crypto assets purchased after December 31, 2026, which will no longer be eligible for the holding period exemption. Existing holdings will remain subject to current rules, meaning they can be sold tax-free after being held for more than one year. The relevant law is scheduled to take effect in 2027, with the first tax withholding possibly beginning in 2028. The draft is still in its early stages and may be subject to adjustments later.

DashTape reports Binance founder Changpeng Zhao (CZ) stated at Bitcoin Asia that Bitcoin may surpass gold in the next bull market, with the current market cap gap between the two standing at approximately 10x. Ricardo Salinas Pliego estimates that if Bitcoin were to reach gold's total market cap, its price could reach approximately $1.86 million. He noted that if Bitcoin becomes a strategic reserve asset for nations, its importance could surpass that of gold; however, central banks and governments have already established systems for valuing, storing, and managing gold, and transitioning to Bitcoin will take time. Glassnode data shows that Bitcoin's 90-day correlation with gold has risen from 0.21 in March to approximately 0.57, while its correlation with the Nasdaq 100 index has fallen from 0.57 to 0.22. Other estimates indicate that its correlation with gold stands at approximately 0.59, the highest level since 2020. (Bitcoin.com News)

DashTape reports DeFi Development Corp announced the completion of an $11 million CHAD preferred stock offering, with Fundstrat's Tom Lee participating in the subscription. The company stated that this offering marks the first digital credit instrument backed by Solana. CEO Joseph Onorati noted that Bitcoin has demonstrated a massive market demand for digital credit.

DashTape reports Bitcoin fell below $78,000 on Tuesday, hitting a low of $77,603 before recovering to around $78,600. As of 11:20 AM Eastern Time on Tuesday, its market capitalization stood at approximately $1.58 trillion. The latest price swing triggered $79 million in Bitcoin position liquidations, with long positions accounting for about 90%. Total crypto market liquidations reached $264 million, including $187 million in long positions and $77 million in short positions. The U.S. Bureau of Labor Statistics is set to release the August Producer Price Index (PPI) and Consumer Price Index (CPI) on Thursday and Friday, respectively. (Bitcoin.com News)

DashTape Planet Daily News: HyperliquidNews stated on the X platform that MU's revenue for tradexyz has surpassed $1 million, generating a cumulative $2 million in fees, of which $1 million will be allocated to an assistance fund. MU has become the 10th trading asset to reach this revenue milestone; currently, 1 trading asset has generated fees exceeding $10 million, 3 exceeding $5 million, 12 exceeding $1 million, and 19 exceeding $500,000.

DashTape reports Loracle, the largest short seller of CASHCAT on-chain, has continuously increased its 3x leveraged short position on the token over the past hour, with holdings now rising to 36.3 million CASHCAT tokens, currently showing a profit of $530,000 at an average entry price of $0.207. Additionally, its PONS short position is currently incurring a loss of $5.2 million, with an average entry price of $0.665.

DashTape Planet Daily News: Ireland's media regulator has launched an investigation into Elon Musk's social platform X, focusing on whether its age verification mechanisms and parental control measures are effective. The Irish Media Commission stated that the investigation will assess whether X effectively implements age assurance measures and provides adequate protection for users under 16 while allowing adult content. The regulator noted that X's parental control features may have issues such as inadequate minimum requirements, being difficult to locate, and not being sufficiently highlighted to new users. If X is found to have violated Irish cybersecurity regulations, the regulator may impose a fine of up to €20 million or 10% of the company's relevant annual revenue. (Semafor)

DashTape reports U.S. Treasury Secretary Bessent stated that the expansion of the U.S. Treasury buyback program last month was intended to calm the "hysteria" building in the bond market and push market prices back toward equilibrium. Bessent said he cannot change the market's equilibrium price but hopes to reduce excessive speculation. He noted that if investors genuinely worried about U.S. debt credibility, they would sell Treasuries and buy German bunds—yet current market behavior does not reflect such concerns. Bessent dismissed comparisons between the Treasury's bond buybacks and the Federal Reserve's quantitative easing, arguing the measure is more akin to the Fed's past "Operation Twist." The expansion of the buyback program comes against the backdrop of 30-year U.S. Treasury yields climbing to their highest level since 2007.

DashTape reports Bitcoin News posted on X platform that CoinCorner has partnered with AnchorWatch to launch Vault, providing UK customers with multi-institution Bitcoin custody services underwritten by Lloyd's of London. CoinCorner and AnchorWatch each hold a key, and neither party can transfer customers' Bitcoin independently. All Bitcoin deposits are covered by insurance.

DashTape reports Hyperliquid announced that, in response to community requests, the platform has listed USELESS perpetual contracts with up to 3x leverage. Hyperliquid also reminded users that the listing of these contracts does not imply endorsement of the project by the platform, and past performance does not guarantee future results. Users are advised to fully understand the relevant assets and trading risks before engaging in trading.