AiCoin Daily Report (June 15)

1. Brazil imposes a unified tax of 17.5% on Crypto Assets gains and cancels the small exemption policy.

Brazil has canceled its long-standing tax exemption policy on crypto assets profits. According to the new provisional decree (Decree No. 1303), individual crypto assets profits will be uniformly taxed at a rate of 17.5%. Previously, individuals selling up to 35,000 reais (approximately 6,300 USD) per month in crypto assets were exempt from taxes. Before this change, profits exceeding that limit were subject to progressive tax rates, with a maximum rate of 22.5% applicable to transaction amounts over 5.4 million USD. -Original text

2. The Echo Protocol wallet was attacked, resulting in losses exceeding $266 million, and all withdrawals have been suspended.

The liquidity re-staking and yield layer of Bitcoin, Echo Protocol, officially stated that today its wallet holding 2515.648579 uBTC (currently valued at over 266 million USD) has suffered a highly complex supply chain attack and has been maliciously breached. The team has initiated an emergency investigation and will release an event review report as soon as possible. Currently, the collateral rate of the platform’s treasury has dropped to 20%. To ensure system security, all withdrawal operations will be suspended from midnight Eastern Time. Echo Protocol stated that it is working closely with auditing agencies and security experts to handle this incident and will announce a reward plan later to encourage informants to assist in tracking the stolen assets. -Original text

3. Joseph Lubin, the founder of ConsenSys, confirmed that LINEA will be the first to launch its coin.

Joseph Lubin, the founder of ConsenSys, responded to users’ questions about whether MetaMask would launch a token, stating that ConsenSys has short-term and mid-term strategic plans that involve the protocolization of existing products and other projects, while Web3 protocols typically require token support. Lubin emphasized that the first to launch a token will be LINEA, and there will be more tokens launched in the future, with synergies realized among various protocols.

4. Coinbase warns that leveraged purchases of Crypto Assets by enterprises may trigger systemic risks.

Coinbase Institutional stated that corporate leveraged purchases of Crypto Assets may pose systemic risks, but the short-term impact of such risks seems to be limited. At the same time, supported by factors such as improved expectations for U.S. economic growth, potential interest rate cuts by the Federal Reserve, increased corporate adoption rates, and clearer regulations, the Crypto Assets market is expected to see constructive development in the second half of 2025. It is reported that more and more publicly listed companies are beginning to adopt Bitcoin-backed balance sheets, with a total of 228 companies currently reporting Crypto Assets holdings under the new rules of the Financial Accounting Standards Board in the United States.

5. Bitdeer announced that its Bitcoin holdings have surpassed 1400 coins, continuing to increase its holdings.

The Nasdaq-listed Bitcoin mining company Bitdeer released the latest Bitcoin holding data on platform X. As of June 13, its total Bitcoin holdings have exceeded 1,400 coins, increasing to 1,408.9 coins (Note: this amount represents pure holdings and does not include Bitcoin deposited by clients). Additionally, its Bitcoin mining output this week was 45.5 BTC, but it sold 45.3 BTC.

6. Companies like Ant Group and Xiaomi are actively participating in the stablecoin landscape and exploring cross-border payment applications.

Ant Group and Ant Chain plan to apply for a stablecoin license in Hong Kong, while Lianlian Digital is also exploring the application for a license in the region. Xiaomi’s Star Bank announced a partnership with JD.com’s JD Coin Chain Technology for stablecoin collaboration, and JD Coin Chain Technology has also become one of the first participants in the Hong Kong Monetary Authority’s stablecoin issuer “sandbox”. The stablecoin market is rapidly expanding, with the global total market capitalization rising to approximately 246.382 billion USD. In the international market, American banks, PayPal, and others have announced the development of stablecoins, targeting the cross-border payment market. Mastercard will add a “stablecoin settlement” option in April 2025 to encourage merchant adoption.

7. Hong Kong officials encourage the exploration of virtual asset technology and innovative applications.

The Acting Secretary for Financial Services and the Treasury of Hong Kong, Chen Haolian, stated that the second policy declaration regarding the development of virtual assets will be launched within this year. The next step will explore how to combine Hong Kong’s traditional financial advantages with the technological cooperation and innovation of virtual assets, utilizing virtual assets to enhance the security and flexibility of the local real economy, as well as encouraging local and international enterprises to explore innovative applications of virtual assets. -Original Text

8. Musk denies drug use rumors, responding “I haven’t taken drugs.”

Regarding the topic “American famous talk show host Bill Maher claims that Elon Musk is addicted to drugs,” Musk responded by saying, “I don’t do drugs, really.” - Original text

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