The total market value of cryptocurrencies fell below $1 trillion

1.The total market value of cryptocurrencies fell below $1 trillion

According to the latest data of coinecko, the BTC price has fallen below 19000 US dollars, currently 18707.95 US dollars, a decrease of 5.4% in 24 hours. Eth is currently at US $1511.22, down 7.8% in 24 hours. At present, the total market value of cryptocurrencies is US $980184 million, a decrease of 5.0%, and the 24-hour trading volume is US $9000339332.

2.Pennsylvania and Washington will tax NFT

According to the news on September 7, in June and July, Pennsylvania and Washington explicitly listed NFTs as digital assets subject to sales tax and use tax. Both Pennsylvania and Washington state's actions around NFT taxation are guidelines for interpreting existing laws, rather than enacting brand-new legislation. A spokesperson for the Pennsylvania Revenue Department said it has the right to tax NFTs in 2016. Washington's more comprehensive statement indicates that NFT sellers will be required to record the time and place of each transaction, and possibly the buyer's address. It defines NFTs and lists which types of NFTs are taxable.

3.Coinbase publishes governance proposal, which can generate $24 million for makerdao

Coinbase released a proposal at makerdao's Governance Forum, which plans to transfer 33% of makerdao's $1.6 billion peg stability module (PSM) to the coinbase prime escrow account, which is expected to increase maker's revenue by about $24 million. In addition, maker will pay zero escrow fee for the PSM it allocates to coinbase, and can freely cast, burn, extract and settle its allocated usdc through coinbase prime.

4.Russia seeks to establish a stable currency cross-border clearing platform with friendly countries

Alexey Moiseyev, Deputy Minister of finance of Russia, said on Tuesday that Russia is cooperating with several friendly countries to establish a clearing platform for cross-border settlement of stable currency. "We are currently working with some countries to create bilateral platforms so as not to use US dollars and euros. We provide mutually acceptable tokenization tools that will be used on these platforms, which are essentially clearing platforms that we are currently developing with these countries. Stable currencies can be linked to some recognized tools, such as gold, whose value is clearly visible to all participants." According to the previous report, Alexei Moiseyev, Deputy Minister of finance of Russia, said in an interview with Russian TV channel 24 that the Ministry of Finance and Russian banks have reconsidered their handling of cryptocurrencies and believe that it is necessary to legalize cross-border settlement of these currencies in the near future.

5.Ethereum has reached epoch 144896, and Bellatrix hard fork is activated

Ethereum has reached epoch 144896 and Bellatrix hard fork has been activated. Vitalik said today: the merge of Ethereum main network is expected to take place from September 13 to 15. Today, the Bellatrix hard fork will be carried out to prepare for the merger. It is still very important. Please make sure you update the client.

6.The merger is still expected to take place from September 13 to 15

Vitalik buterin, founder of Ethereum, tweeted that the merger is still expected to occur from September 13 to 15. What happened today is the Bellatrix hard fork, which is the "preparation" chain for the merger, but it is still important. Earlier, according to the merger time confirmed by the Ethereum foundation, the final merger is expected to be between September 10 and 20. Ethernodes data shows that 73.5% of Ethereum nodes are ready for merger before Bellatrix upgrade.

7.The SPAC merger of bitdeer, a crypto mining cloud computing platform, has submitted another extension application, delaying the merger date to December. Previously, it was reported that bit deer would be listed through spac merger, with a valuation of $4 billion.

8.Bitcoin miner cleanspark purchased 10000 new mining machines and 6200 new mining machines between June and August. Due to the current market conditions, the company is able to purchase machines at a discount price.