Community News:
1. Binance’s reserve proof system adds support for 11 new tokens including MASK, showing reserves exceeding $63 billion
Binance announced an upgrade to the reserve proof system, adding support for 11 new tokens, including MASK, ENJ, WRX, GRT, CHR, CRV, 1INCH, CVP, HFT, SSV and DOGE, for a total of 24 tokens. Asset reserves are now displayed The total value exceeds US$63 billion.
2. Tender.fi attacker has returned funds and received a 62 ETH bounty
On-chain data shows that the hacker who attacked the Arbitrum ecosystem lending protocol Tender.fi has returned the funds, and the Tender.fi team agreed to pay the hacker 62 ETH (US$96,500) as a bounty. (The Block)
3. Consensys releases the ETH Staking Withdrawal Guide and will launch commemorative NFTs
Consensys released the "ETH Staking Withdrawal Guide". In addition, to celebrate the upgrade, ConsenSys will launch its second commemorative NFT series when the upgrade goes online, and invite Web3 enthusiasts to participate by receiving NFTs. (Planet Daily)
Industry News:
1. Thailand will provide tax breaks for companies issuing investment tokens
The Thai cabinet has approved tax exemptions (corporate income tax and value-added tax) for cryptocurrency companies that offer investment tokens in the country, Finance Minister Arkhom Termpittayapaisith said in a statement on Tuesday. The tax exemption will apply to both the primary and secondary markets for these investment tokens. Arkhom said such companies must register their token offerings to enjoy the tax exemptions. (Reuters)
2. Latin American travel agency Despegar partners with Binance Pay to support crypto payments in Argentina
Latin American travel agency Despegar has partnered with Binance Pay to accept cryptocurrencies as a payment method in Argentina. Payments will be made through Binance Pay, and the financial-as-a-service platform Inswitch will be responsible for converting cryptocurrencies into fiat currencies.
Policies and Regulations:
1. Federal Reserve Chairman: Congress needs to develop a legal framework to regulate stablecoins
Federal Reserve Chairman Powell said in testimony at a Senate Banking Committee hearing that Congress needs to step in to provide a "workable legal framework" for digital assets in the United States and listed stablecoins as an area that needs regulation. (CoinDesk)
2. Fed Chairman: The Fed is ready to accelerate rate hikes if data permits
Federal Reserve Chairman Powell said at a Senate hearing that the Fed is ready to speed up interest rate hikes if data permits, and inflation has eased, but the decline may be bumpy, and it will take time for the policy to have a full impact. (PANews)
3. Silvergate is negotiating with the Federal Deposit Insurance Corporation on how to continue operating
Officials from the Federal Deposit Insurance Corporation (FDIC) have been in talks with executives of troubled crypto bank Silvergate Capital about how to help the company continue to operate. One of the options is to recruit crypto industry investors to help increase Silvergate's liquidity, a source said. (CoinDesk)
