News

According to Odaily, data from the Polymarket website shows that the trading volume for the "US Super Bowl" event has exceeded $690 million, currently reported at $699 million. At present, only one final match remains, with Seattle having a 68% probability of winning the championship, and New England having a 32% probability.

The Vietnamese Ministry of Finance has proposed a tax on crypto asset transfer transactions conducted through licensed service providers, setting the tax rate at 0.1%, which is consistent with the current stock trading tax rate. Individual investors will be required to pay a 0.1% tax based on the transaction value, while institutional investors will be subject to a 20% corporate income tax on profits gained from crypto asset transfers, calculated after deducting purchase costs and related expenses. Crypto asset transfers and transactions will be exempt from value-added tax (VAT). The draft defines crypto assets as digital assets that rely on cryptography or similar technologies for issuance, storage, and transfer verification, and proposes a statutory capital threshold of 10 trillion Vietnamese dong (approximately $408 million) for establishing digital asset exchanges, with a maximum foreign ownership cap of 49%.

According to Odaily, ProCap Financial Chief Investment Officer Jeff Park stated in an interview with Anthony Pompliano that the market may need to reassess the traditional logic that "loose monetary policy drives bitcoin bull markets." He suggested that more accommodative policies (such as interest rate cuts) may no longer be the key catalyst for bitcoin entering a bull market in the future. The most important upward catalyst for bitcoin in the next phase could be entering what he calls the "positively correlated bitcoin" stage, where prices continue to rise even in a Federal Reserve rate-hiking environment. He referred to this state as bitcoin's "endgame form" or "perfect holy grail," meaning that bitcoin would break free from the narrative of relying on quantitative easing (QE) liquidity. Jeff Park also emphasized that if this scenario materializes, it could mean the traditional financial system's logic is broken, including the risk-free rate pricing mechanism, the dominance of the US dollar, and the way the yield curve is priced. In addition, data from prediction platform Polymarket shows that traders currently assign the highest probability, 27%, to the Federal Reserve cutting rates three times cumulatively in 2026. (Cointelegraph)