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According to Golden Ten Data on May 17, Australian Treasurer Jim Chalmers reiterated on Sunday that the purpose of reforming Australia’s capital gains tax system is to fix the failing housing market. Chalmers stated that the current tax system favors housing over other assets, which drives up housing prices and pushes young people out of the real estate market. He added that this has also made the Australian stock market relatively unattractive for a long time. This statement comes as the government faces criticism from the opposition, who claim Chalmers has broken his campaign promise of "not changing the housing tax system." Others have warned that this move could hurt Australia’s nascent startup investment sector and disrupt the investment strategies of high-net-worth individuals.

1. US Secretary of Energy: The Strait of Hormuz will reopen by this summer at the latest; 2. Zhejiang Customs cracked a crypto mining machine smuggling case, seizing over 400 mining machines; 3. South Korean Prime Minister Han Duck-soo: Will seek all solutions to avoid Samsung Electronics strike; 4. South Korean Prime Minister: A one-day shutdown of Samsung Semiconductor’s plant would result in losses of up to 1 trillion KRW; 5. Jump Crypto: Firedancer is now live on the Solana mainnet and has started producing blocks; 6. Circle CEO: Willing to invest in teams exploring "letting AI Agents sign legal contracts" on Arc; 7. Machi Big Brother’s 25x long position in ETH has grown to 5,075 ETH, and a new 40x BTC long position has been opened, with total losses exceeding $32 million; 8. HyperEVM chain Meme coin ALT’s market cap surpassed $7 million, with a daily increase of over 440%.

According to ChainCatcher, citing Khaosod English, Thai authorities raided a location suspected of illegal Bitcoin mining. Due to abnormally high electricity consumption that caused surrounding building cables to overheat and melt, law enforcement officers conducted a raid on a four-story commercial building. The investigation found that the site was allegedly illegally tapping into the main power grid to supply multiple Bitcoin mining machines on the fourth floor, resulting in estimated electricity losses of over $80,000, while the registered monthly electricity bill was only about $11. At present, police have seized the relevant mining equipment and are conducting further investigations into individuals involved in the case.