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Uzbekistan to Establish Special Crypto Mining Zone, Providing 10-Year Tax Exemption

3 hours ago

April 23rd — Uzbekistan will launch a special cryptocurrency mining zone in Karakalpakstan, with mining income tax exemptions valid through 2035, per The Block. Named the “Besqala Mining Valley,” the zone covers the entire northwestern Uzbek region of Karakalpakstan, per a decree from President Shavkat Mirziyoyev. Core goals of the initiative include attracting investment, creating jobs, and expanding renewable energy use for crypto mining. Under the decree, mining operations in the zone may tap various renewable energy sources for power. Residents can sell mined cryptocurrency on local or overseas exchanges for cash or other tokens—but all proceeds from such sales must be deposited into banks within Uzbekistan.
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Solana ecosystem token CWU has surged to a $24 million market capitalization, with a 60% increase in the last 24 hours.

Per GMGN data as of April 23, Solana ecosystem token CWU has seen a short-term surge, pushing its market cap above $24 million. The token is currently trading at $0.0247, up 60% over the past 24 hours. CWU serves as the native token of the CommonWealth project, a platform designed to bridge the global blockchain and digital asset ecosystems. BlockBeats notes that meme coin trading carries extreme volatility, often fueled by market sentiment and concept-driven hype, with little to no underlying value or real-world use case. Investors are advised to exercise caution amid these risks.

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Spot Gold Plunges Over 1% Intraday

April 23 — Bitget market data shows spot gold has fallen below $4,690 per ounce, down over 1% intraday. Spot silver has dropped below $75 per ounce, posting a 3.49% intraday decline.

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Tesla Stock Price Surges After Earnings Report, Then Retreats; Pre-market Trading Down 3.5%: Four New Whales Enter the On-chain Ecosystem

April 23 — Per Hyperinsight monitoring, Tesla released its Q1 earnings report today. Revenue growth hit a nearly three-year high—beating market expectations—and sent TSLA shares surging in short-term trading. However, comments from Musk and Tesla’s CFO on this year’s capital expenditures later stoked market concerns. Adding to the disappointment: the April 22 rumor that FSD would officially launch in China failed to materialize. TSLA shares quickly pulled back from their intraday high, with pre-market trading in U.S. stocks widening to a 3.5% drop. On the Hyperliquid platform, TSLA’s contract price is currently $374. On Hyperliquid, four whales opened new $1 million+ TSLA positions today, holding a neutral stance—up from just three on-chain holding addresses for the asset previously. As of press time, TSLA’s 24-hour trading volume on TradeXYZ’s synthetic contracts hit $41.7 million, with open interest at $39.4 million—signaling a jump in trading activity.

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Iranian Parliament Vice Speaker: Any negotiation is banned until the United States acknowledges its failure

April 23 — Iranian Parliament Vice Speaker Hajibabaei said any negotiations are off-limits until the U.S. acknowledges its failure, per FX168.

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An AAVE Whales Dumping Incident Resulted in a $514,000 Loss

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The market is increasing its bet on the Bank of England raising interest rates, expecting a total increase of 62 basis points this year.

April 23: The market has ramped up bets that the Bank of England will raise interest rates, with expectations for a 62-basis-point hike later this year. (FXStreet)

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