PANews reported on October 3rd that Faraday Future founder Jia Yueting posted on the X platform: "The surge in the crypto market is due to the US Treasury's proposed relaxation of CAMT rules, which will no longer impose a 15% tax on unrealized Bitcoin gains held by companies like MicroStrategy. Previously, mark-to-market accounting standards taxed unrealized profits, sparking protests from MSTR and COIN, who called it unfair and detrimental to global competition. This is a huge boon for companies with treasuries. Long-term holding of crypto assets as a store of value and a hedge against fiat currency devaluation is gaining tacit approval and support from regulators. This will fundamentally change the asset allocation logic of large institutions. The C10 Treasury is positioned to become the core reserve of the Web3 financial system, essentially upgrading MicroStrategy's 'single asset' model to a more robust and diversified 'basket of assets' model."PANews reported on October 3rd that Faraday Future founder Jia Yueting posted on the X platform: "The surge in the crypto market is due to the US Treasury's proposed relaxation of CAMT rules, which will no longer impose a 15% tax on unrealized Bitcoin gains held by companies like MicroStrategy. Previously, mark-to-market accounting standards taxed unrealized profits, sparking protests from MSTR and COIN, who called it unfair and detrimental to global competition. This is a huge boon for companies with treasuries. Long-term holding of crypto assets as a store of value and a hedge against fiat currency devaluation is gaining tacit approval and support from regulators. This will fundamentally change the asset allocation logic of large institutions. The C10 Treasury is positioned to become the core reserve of the Web3 financial system, essentially upgrading MicroStrategy's 'single asset' model to a more robust and diversified 'basket of assets' model."

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more