BTC $83,674.03 +0.05%
ETH $2,681.05 -0.39%
BNB $766.79 +1.23%
XRP $1.49 -0.43%
SOL $117.98 -0.98%
TRX $0.3378 +0.83%
DOGE $0.0944 +0.43%
ADA $0.2446 -0.10%
BCH $306.23 -0.78%
LINK $14.31 -2.78%
HYPE $90.17 +4.71%
AAVE $158.81 -4.39%
SUI $1.15 +0.08%
XLM $0.2275 +1.87%
ZEC $1,422.71 +1.29%
AAPL $333.08 +0.97%
AMZN $249.52 +1.01%
GOOGL $349.91 +2.55%
MSFT $514.00 +0.95%
META $726.34 -1.56%
NVDA $229.16 +0.56%
TSLA $354.92 +0.30%
SNDK $1,739.04 +0.71%
INTC $119.93 +3.36%
SPCX $150.68 +0.92%
MU $1,071.58 +0.31%
AMD $610.83 +0.30%
BTC $83,674.03 +0.05%
ETH $2,681.05 -0.39%
BNB $766.79 +1.23%
XRP $1.49 -0.43%
SOL $117.98 -0.98%
TRX $0.3378 +0.83%
DOGE $0.0944 +0.43%
ADA $0.2446 -0.10%
BCH $306.23 -0.78%
LINK $14.31 -2.78%
HYPE $90.17 +4.71%
AAVE $158.81 -4.39%
SUI $1.15 +0.08%
XLM $0.2275 +1.87%
ZEC $1,422.71 +1.29%
AAPL $333.08 +0.97%
AMZN $249.52 +1.01%
GOOGL $349.91 +2.55%
MSFT $514.00 +0.95%
META $726.34 -1.56%
NVDA $229.16 +0.56%
TSLA $354.92 +0.30%
SNDK $1,739.04 +0.71%
INTC $119.93 +3.36%
SPCX $150.68 +0.92%
MU $1,071.58 +0.31%
AMD $610.83 +0.30%

adapt

All
Article
Flash

first_img Senator Daines introduced the ADAPT Act, which exempts stablecoin payments from capital gains tax and introduces wash sale rules

U.S. Senator Steve Daines (Republican from Montana, member of the Senate Finance Committee) has officially introduced a 56-page digital asset tax bill, named the "Aligning Digital Assets with Tax Principles Act" (ADAPT Act). The bill aims to establish clearer tax rules for scenarios such as stablecoin payments, network fees, staking, and lending, and plans to extend existing tax rules like wash sales and constructive sales to apply to digital assets.The core provisions of the bill state that taxpayers generally do not need to recognize gains or losses when using compliant U.S. dollar stablecoins to purchase goods and services, while exempting brokers from information reporting obligations for qualifying consumer transactions; however, this exemption does not apply to traders and market makers. The bill also extends wash sale rules and constructive sale rules to digital assets, with compliant stablecoins excluded from the constructive sale provisions to limit loss harvesting behavior in crypto assets.Additionally, the bill proposes to exempt digital assets used to pay for network, transaction, or gas fees of $10 or less from gain or loss recognition and allows qualifying digital asset traders and dealers to choose to account for them at fair market value. The bill also stipulates rules for income sources from staking and mining, a non-recognition framework for digital asset lending, a safe harbor for foreign investors' transactions, and definitions for digital asset classifications; most provisions will apply to tax years or transactions after December 31, 2026. Previously, the U.S. House Ways and Means Committee passed its own "Digital Asset Tax Certainty Act" on September 16 by a vote of 38 to 5.

Hyperbridge restarts the cross-chain interoperability protocol and launches the OFT adapter, completing the decentralized architecture upgrade

Hyperbridge Cross-Chain Interoperability Protocol Hyperbridge announced the completion of a comprehensive architecture reboot, re-launching after completing security audits, bug bounty incentives, and system reconstruction, and officially transforming into a "hyperstructure." The protocol was suspended after the security incident on April 13, during which it completed a joint audit with organizations such as SRLabs and paid over $150,000 in bounties to security researchers.The team stated that this upgrade removed the original centralized management keys, transitioning to a fully permissionless network of validators and provers, achieving full-stack decentralized operation.This reboot also introduced the "Hyper Fungible Token (HFT)" standard, making each cross-chain asset an independent application layer structure, with issuers autonomously controlling cross-chain behavior rules, including pause mechanisms and throttling strategies. Hyperbridge also released the OFT (Omnichain Fungible Token) adapter, which is compatible with existing cross-chain protocols like LayerZero, allowing assets to be migrated to a zero-knowledge proof-based transport layer by simply modifying configuration parameters, without the need to redeploy contracts.In addition, the protocol's business model has shifted from a pay-per-use model to a subscription model, allowing cross-chain applications to pay a stablecoin fee of $50 to $1,000 per month for bandwidth services. The official statement indicated that this upgrade marks Hyperbridge's transition from an early cross-chain bridge project to a fully decentralized infrastructure protocol, aiming to provide a unified interoperability layer for a multi-chain ecosystem without the need for trusted intermediaries.

Former Governor of the People's Bank of China: We can explore cryptocurrencies and blockchain technology, the key is to adapt to user experience

Zhou Xiaochuan, former governor of the People's Bank of China, stated yesterday at the Boao Forum for Asia Annual Conference 2026 that a good payment system is not a champion of a single technology or performance. Just like instant payment is not necessarily good, the most important thing is "adaptation." He pointed out that regulation needs to combat money laundering and prevent drug trafficking, cross-border gambling, telecom fraud, etc. Several central bank governors mentioned at the forum that digital currencies are now used in payment systems, but fraud also uses digital currencies, and "it is quite severe." Zhou Xiaochuan believes that the ability to combat fraud still needs to be continuously improved.When discussing the topic of regulatory adaptation, Zhou Xiaochuan mentioned stablecoins again. He said that now, as soon as the proceeds from telecom fraud arrive, they are immediately split into hundreds or thousands of accounts to evade compliance checks, which means it is quite difficult to recover losses afterward. "Stablecoins fundamentally bypass compliance checks; everyone needs to think clearly and not follow the trend." Zhou Xiaochuan also emphasized that cryptocurrencies and blockchain technology can be explored, but it does not mean that "peer-to-peer" and "decentralization" are all positive. One cannot hastily conclude that using correspondent banks and SWIFT messages in the original backend systems is outdated; the key is to adapt to the user's experience.
app_icon
ChainCatcher Building the Web3 world with innovations.