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Dalian Holdings' Hong Kong-listed stock surges over 65%, plans to tokenize $500 million worth of assets

11 hours ago

July 10th: The stock price of Delta Technology Holdings listed in Hong Kong surged by more than 65%. Previously, the company announced its plan to tokenize assets with a total value of up to 500 million RMB. These assets include several equities in the "Delta Building" at 92 Wellington Street, Central, Hong Kong, as well as three assets managed by the group's investment funds. The above-mentioned assets will undergo on-chain mapping and compliant tokenization through the blockchain infrastructure provided by Asseto.
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In the week ending July 5, initial jobless claims in the United States were 227,000, compared to an expected 235,000.

On July 10 in the United States, the initial jobless claims for the week ending July 5 came in at 227,000, which was lower than the expected 235,000. (Golden Ten)

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BiyaPay Analyst: South Korean Residents' Overseas Service Virtual Asset Income is Taxable, BiyaPay Helps Users Navigate Global Tax Policy Changes

On July 10th, the South Korea National Tax Service recently made it clear that residents receiving virtual assets in the form of income from overseas companies are also obligated to declare comprehensive income tax. This policy stipulates that if a Korean resident receives virtual assets from a foreign company as compensation under a separate incentive contract and has not undergone withholding tax through a tax combination, they must declare comprehensive income tax. This case involved Singaporean Company B issuing virtual assets to employees of its Korean subsidiary Company C as compensation. The employees directly signed an incentive contract with Singaporean Company B, engaged in blockchain and cryptocurrency exchange-related work, and received compensation in the form of virtual assets. This change indicates that multiple countries around the world are strengthening tax regulations on virtual assets, especially regarding cross-border income and the sources of cryptocurrency incom

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DDC Enterprise and Animoca Brands Sign $100 Million Bitcoin Strategic Cooperation Memorandum of Understanding

On July 10th, according to official information, DDC Enterprise Limited (NYSE: DDC) made an announcement today. It stated that it has signed a non-binding Memorandum of Understanding (MoU) with Animoca Brands. The two parties will jointly formulate and implement a strategy. The purpose of this strategy is to maximize the Bitcoin asset yield of the Web3 company while effectively managing related risks. This Memorandum of Understanding has established a strategic partnership. Under this partnership, Animoca Brands will allocate up to $100 million in Bitcoin for a yield enhancement strategy that will be operated by DDC.

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Coinbase International Site Enables Over-the-Counter Settlement for Institutional Clients

On July 10th, as per Cointelegraph, Coinbase International Exchange has linked up with Copper's ClearLoop network in order to offer over-the-counter settlement services to institutional clients. This is in response to the "robust" demand in the market for a more efficient and secure trading infrastructure. This collaborative effort will allow institutional clients to handle collateral almost in real time and settle trades without the need to transfer funds onto the trading platform.

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Tether Mints 1 Billion USDT

On July 10th, based on on-chain data, Tether has just issued an additional 1 billion USDT on the Tron network.

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Trader Eugene: The pump.fun public sale is not worth paying attention to, as there are far more promising opportunities in the market

On July 10th, Trader Eugene posted in his personal community, expressing, "My perspective on pump.fun is extremely straightforward: simply disregard it. It has been overly analyzed to such an extent that there is no novelty left. No matter at what price it begins to trade, a $40 billion market capitalization seems to be a heavy burden weighing down the token price." Now, there are far too many opportunities in the market that are more promising and offer non-linear returns. These opportunities are much more worthy of attention than it. Don't squander any more brain cells on something that everyone is already thinking about.

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