Gate News: Latest Crypto News and Cryptocurrency Prices

03:19

Analysts: Musk's clash with Trump may exacerbate Tesla's stock price volatility

Gate News bot, Morningstar analyst Seth Goldstein wrote in a note that the conflict between Musk and Trump could exacerbate Tesla's stock price volatility of (TSLA.O). He added that if this contradiction intensifies, Tesla could face company-specific impacts, which could include unfavorable self-driving car regulations. Still, the U.S. government is unlikely to retaliate. Among Musk's companies, SpaceX is most likely to be affected by the cancellation of government contracts, he said. Currently, Morningstar maintains Tesla's fair value valuation of $(TSLA.$O)250. The stock closed at $295.14 on Friday.

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00:30

The IRS appoints Trish Turner as the new head of the digital asset office.

Gate.io News bot message, according to a report by Bloomberg, Trish Turner has been appointed as the head of the digital asset office at the IRS. Turner has over 20 years of experience at the IRS. This appointment comes after the departure of two key encryption project leaders at the office, Seth Wilks and Raj Mukherjee, last Friday. Source: Wu said.

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00:20

The leadership of the IRS Crypto Assets division has changed, with senior official Trish Turner taking charge of the digital asset office.

Trish Turner, a senior official at the IRS, will take over as head of the digital asset office, replacing the departing Seth Wilks and Raj Mukherjee. Turner has worked at the IRS for over 20 years and previously served as a senior advisor in the digital asset office. The two departing heads came from the encryption industry and were responsible for encryption tax policy and the development of the 1099-DA tax form.

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00:43

Two cryptocurrency project leaders from the IRS are leaving under a delayed retirement plan.

According to the Gate.io News bot, CoinDesk reported that Seth Wilks and Raj Mukherjee, leaders of the encryption project at the IRS, officially left their positions this Friday. The two previously worked in the encryption industry and joined the IRS in 2024, mainly responsible for formulating encryption tax policies and participating in the development of the new 1099-DA tax form. This departure is based on the government’s "DOGE Deferred Compensation Plan."

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12:45

CoinFund director: encryption reserves need congressional authorization to ensure long-term stability and avoid government turnover impact

BlockBeats news, on March 7th, according to MarketWatch, Seth Ginns, the head of Liquidity investment at encryption investment company CoinFund, believes that although the executive order authorizing the establishment of the US Crypto Asset reserve seems like a positive signal, the fate of the reserve will be worrisome if the new government in four years takes a more critical stance on Crypto Assets. "Over time, it would be a good thing to obtain congressional authorization to protect the Crypto Asset reserve from the influence of the next government."

07:32

Foreign media: India will release a discussion paper outlining its encryption policy position by September

India is formulating its Cryptocurrency policy stance, planning to release a discussion paper before September. Economic Affairs Secretary Ajay Seth stated that the current government's position is to engage with stakeholders and that a departmental group is studying a broader policy. The report did not mention whether India will regulate the Cryptocurrency industry through comprehensive legislation.

07:32

India plans to release a discussion paper on cryptocurrency policy before September

Odaily Planet Daily News According to Ajay Seth, the economic affairs secretary of India, India plans to release a Cryptocurrency policy discussion paper before September. A cross-departmental group, including the Central Bank of India and the Securities and Exchange Commission, is studying the relevant policies. Seth emphasized that the paper is intended to solicit the opinions of stakeholders, rather than to commit to comprehensive legislation. Currently, India has not introduced comprehensive Cryptocurrency regulations, but has imposed high taxes on the industry and requires Cryptocurrency entities to register with the financial intelligence department to comply with global anti-money laundering and anti-terrorism financing standards.

06:10

The Federal Reserve once again showed its "dove" throat, and Asian stock markets danced collectively

A key measure for Asian equities posted their biggest gains in four months, helped by strong earnings in Chinese tech stocks and supportive comments from the Federal Reserve on the prospect of U.S. interest rate cuts. The MSCI Asia-Pacific index rose 2.1%, its biggest gain since Nov. 15 last year, with TSMC, Toyota Motor and Samsung Electronics rising the most. Fed policymakers maintained expectations of three rate cuts in 2024 and will begin to slow the pace of bond reductions, suggesting they are not surprised by the recent rebound in price pressures. Chetan Seth, strategist at Nomura Holdings, wrote: "With the risk of Fed rate hikes removed and markets pricing in broadly in line with the dot plot, we believe the focus of Asian equity investors should return to the early themes of AI momentum. "We still expect a soft landing for the United States. ”

04:21

Morgan Stanley economists said that the Fed will announce a plan to slow down its balance sheet reduction in May and start in June. The Fed is expected to discuss balance sheet reduction in "detail" at the next three FOMC meetings, announce a slowdown in the size and magnitude of its balance sheet reduction in May, and begin the process in June, writes the bank's Seth Carpenter et al. Morgan Stanley had predicted that the Fed would begin to slow down the pace of balance sheet reduction in September last year. For now, the bank remains unchanged on its expectation that the balance sheet reduction will end in February 2025. The Fed's use of the overnight reverse repo facility is expected to fall to $250 billion by May or June.

03:49

Morgan Stanley economists said that the Federal Reserve will announce plans to slow down its balance sheet reduction in May and start in June. The Fed is expected to discuss balance sheet reduction in "detail" at the next three FOMC meetings, announce a slowdown in the size and magnitude of its balance sheet reduction in May, and begin the process in June, writes the bank's Seth Carpenter et al. Morgan Stanley had predicted that the Fed would begin to slow down the pace of balance sheet reduction in September last year. For now, the bank remains unchanged on its expectation that the balance sheet reduction will end in February 2025, and expects the Fed's use of the overnight reverse repo facility to fall to $250 billion by May or June. (Golden Ten)

22:24

PANews News on October 17, Bloomberg analyst James Seyffart tweeted that the Proshares short Ethereum ETF (SETH) will be launched in early November. Although the ETF took effect on October 15, it won't be officially launched until a few weeks later. James Seyffart has previously said the SETH deal will begin on Oct. 16.

19:28

Bloomberg analyst James Seyffart posted on the X platform (formerly Twitter) that the Proshares short Ethereum ETF (SETH) will be launched in early November, and the analyst said that SETH did take effect on October 15, but it will not be officially launched until a few weeks later.

03:51

Odaily Planet Daily reported that FTX Japan Chief Operating Officer Seth Melamed posted on the assets. Seth Melamed said that FTX Japan implements separate management of customer assets in strict accordance with laws and regulations. By introducing solvency proof, cryptographic technologies such as zero-knowledge proof will be used for proof, and the results will be reflected on the blockchain, and customers will be able to check their assets. According to the management status, the solvency proof service will be applicable to all users of FTX Japan and Liquid Japan platforms. Subsequent FTX Japan solvency proof details will be released on Ethereum every week.

03:43

Nomura turns cautious on Asian stocks as Fed expected to keep rates high for longer

According to reports on September 27, Nomura said that the risks facing Asian stock markets include the Federal Reserve’s “higher and longer” stance and the acceleration of U.S. inflation caused by higher commodity prices, so asset allocation in the region has become cautious. Chetan Seth, an analyst at the bank, said that unless the Federal Reserve changes direction soon, rising U.S. interest rates and bond yields increase the risk of a further economic slowdown in 2024. Previously, the stock market seemed to benefit from a soft landing, but this may change now. Nomura has upgraded India's rating from neutral to overweight, saying that continued weakness caused by rising oil prices is an opportunity to increase long-term risk exposure to India.

08:24

PANews reported on September 13 that according to The Block, Astar Network is cooperating with Ethereum expansion developer Polygon Labs to launch its Layer 2 solution Astar zkEVM. According to a statement, Astar Network will use Polygon CDK, an open source code library used to launch zero-knowledge-driven Layer 2 chains for Ethereum, to build Astar zkEVM. The Astar zkEVM testnet is scheduled to launch in the fourth quarter of this year, sETH Will be used as the Gas token on the testnet.

07:41

Golden Finance reported that India will analyze and decide its stance on cryptocurrencies in the coming months after considering the stance of global leaders on the acceptable cryptocurrency rule framework, a senior official of the Indian Finance Ministry said on Sunday. part of the Group of Twenty (G20) deliberations. Economic Affairs Minister Ajay Seth said on the sidelines of the G20 Leaders' Summit that since "the G20 has put in place a risk assessment framework", we will analyze "what global leaders have agreed to" and then decide "what is the risk assessment framework for India" sound policy". Seth’s comments on Sunday suggested that India may enact its own legislation, the first time since early 2022 that the country suspended plans to pass a bill to fully legislate cryptocurrencies. Indian officials have previously said the country does not necessarily need to enact its own encryption regulations in the form of a bill.

07:37

PANews, September 11, according to CoinDesk, India’s Secretary of Economic Affairs Ajay Seth said on Sunday that India will analyze and decide in the next few months after considering the position of global leaders on an acceptable cryptocurrency rule framework. own position. Seth said: "India's position will be determined in the next few months. Since the risk assessment framework is formulated by the G20, we will analyze what consensus has been reached by global leaders and then decide what is a sound policy for India. India may enact its own legislation, the first time since India suspended plans to fully legislate cryptocurrencies through a bill in early 2022.” According to news earlier today, G20 countries have reached a consensus on the rapid implementation of a cross-border framework for crypto assets and plan to automatically exchange crypto transaction information between countries starting in 2027.

02:30

PANews reported on September 7 that according to Scam Sniffer monitoring, about 8 hours ago, the whale address starting at 0x13e suffered a phishing attack and lost 4,850 rETH and 9,579 sETH, worth approximately US$24.23 million.

07:09

According to a report by the Russian Satellite News Agency on July 27 quoted by the Financial Associated Press, Seth Center, the deputy special envoy of the Office of the Special Envoy for Critical and Emerging Technologies of the U.S. State Department, said a few days ago that China is a leading country in artificial intelligence, so it is developing various management methods for artificial intelligence. Standards should be agreed with all major AI powers, including China. By many metrics, China is a leading AI country, whether in terms of research publications, domestic commercialization, or leading talent, Center said. Therefore, I have reason to believe that unless all major AI powers reach a basic agreement, there will be no real global consensus on the various standards governing the future of AI.

10:37

Golden Finance reported that Business Standard reported that reports and findings on cryptocurrency regulation will be shared with G20 finance ministers and central bank governors. India’s economic affairs minister, Ajay Seth, said authorities would be asked to provide “guidance notes on a globally harmonized regulatory framework for crypto assets.” The discussion will take place at the upcoming Financial and Central Bank Delegates (FCBD) meeting in India from July 14-18 as part of India's G20 presidency. Additionally, governors will be required to establish a globally coordinated regulatory framework for crypto assets.

01:13

Morgan Stanley warns: U.S. inflation may unexpectedly rebound, "Beyoncé effect" is a reminder

Seth Carpenter, Morgan Stanley's global chief economist, warned that Beyoncé's tour that pushed up inflation in Sweden showed that investors need to be vigilant in case inflation suddenly picks up again in the United States. What happened in Sweden "demonstrates just how much remaining pandemic pent-up demand is, especially in the services sector, and how it can show up where you least expect it." Investors shouldn't ignore the possibility of unexpected increases in U.S. inflation later this year. It is possible that the Fed will further tighten policy at some time.