版税 · 587

People familiar with the matter: Social media platform X is in talks to pay creators with stablecoins such as USDC

Comparing the news, according to a CoinDesk report, a person familiar with the matter revealed that social media platform X is discussing how to use stablecoins (such as Circle's USDC) to pay royalties for content uploads to influential users. The person familiar with the matter said that negotiations with X are still ongoing. He also works on other social media platforms that are also testing the use of stablecoins to pay commissions to influential users.

2d ago

Research shows that the virtual currency filing rate of US taxpayers is only 32% to 56%, and the new IRS regulation 1099-DA accelerates the tightening of compliance

Comparatively, according to a CNBC report in the US, the latest research published in the academic journal “Review of Accounting Studies” shows that only 32% to 56% of US taxpayers actually report transactions to the federal government. As the IRS makes it mandatory for intermediaries to submit a virtual currency version of the tax return “Form 1099-DA” starting in 2025, inconsistencies between business reports and taxpayer returns will be easier to be recognized by the authorities. The table only needs to report total revenue for the first year, and the obligation to report Cost Basis (Cost Basis) will be officially incorporated in 2026.

12d ago

The AI sector is bloody. Why is Gavin Baker, a well-known investor, bucking the trend and bullish on AI?

Abstract: Gavin Baker said that AI stocks fell by 40%-60% in July, which seriously deviated from actual fundamentals — after field research in Silicon Valley, he did not find any negative quantifiable indicators, and GPU rental prices rose 50%-60%. He believes that the only real risk is the tightening of the credit market, but if the operating cash flow of hyperscale cloud vendors accelerates as scheduled, the demand for debt financing will be drastically reduced. Regulation, on the other hand, is listed as the biggest tail risk. Markets are panicking, but Silicon Valley data tells a different story. Recently, well-known technology investor Gavin Baker revisited the sharp sell-off in the AI and semiconductor sector in July 2026 on the podcast program “Invest Like the Best”. Baker described this period as “compressing 2022 into one month,” and said that after weeks of field research in Silicon Valley, he couldn't find any negative quantifiable indicators. The trigger for the sell-off: a series of narratives, not fundamentals, Baker sorted out the trigger chain for the July market decline. First, Meta announced that it would rent out part of its computing power. The market interpreted this as a sign of “excess computing power and cutting capital expenses,” and the stock price immediately fell. But Baker thinks this is a misinterpretation — “Meta's capital expenditure plan hasn't changed at all; if anything, they've become more aggressive. “Meta then released the strong Llama model, further proving that it wasn't on the brakes. Immediately after that, open source models such as Kimi K3 were released, and structural changes occurred when superimposed on the Silicon Data Token Index. The market feared that the open source model would seize share and reduce AI infrastructure demand. Baker clearly refutes this: “Generating a token, whether open source or closed source, consumes exactly the same computing power — the same floating-point operations, the same memory, and the same power consumption. Open source grabbed share, but only transferred profits from the cutting-edge model layer to the AI infrastructure layer, and there was no negative impact on computing power demand. “Then there was the DUV lithography machine rumor, which caused the semiconductor equipment sector to plummet. Baker believes the market is overreacting, but it shouldn't be completely ignored either. The only real risk: Of all the triggers in the credit market, Baker only takes changes in the credit market seriously. “Real interest rates have risen and credit spreads have widened; these are undeniable facts. “He pointed out that the pricing of bonds issued by Meta last week was far lower than expected, and CDS spreads across the board for major tech companies. The core of the question is: How much debt financing is needed for large-scale AI infrastructure construction? Baker's judgment is that if the operating cash flow of hyperscale cloud vendors accelerates as planned, the need for debt financing will be drastically reduced. Citing data, he said that operating cash flow (non-free cash flow) of Microsoft, Meta, and Amazon has accelerated from 28% in the previous quarter to 32%. After excluding one-time items such as EU fines, the actual growth rate reached 35%. “This is a substantial acceleration at this volume. “He further estimated that if the computing power of hyperscale cloud vendors were to be monetized at the current Blackwell price rather than the lower previous generation price, operating cash flow could jump from the current consensus estimate of $1.3 trillion to $140 billion to about $2 trillion, thus removing about $700 billion in credit requirements from the market. “If repriced at current prices, construction over the next few years could be entirely self-funded from operating cash flow. “GPU prices: 50%-60% increase, which is completely contrary to expectations. Baker shared an example that he believes best explains the problem. A well-known startup leased a number of Blackwell clusters for around $2 per GPU per hour 7 months ago and expects to pay close to $4 when renewing the contract — an increase of about 50%-60%. “You would have expected a moderate drop in prices to be beneficial; the result was a vertical rise. “He also mentioned that an inference cloud company publicly stated on the podcast that it plans to pay 100% more for Blackwell after the contract expires. “This means that all hyperscale cloud vendors are underestimating their profitability. “Baker said the goal of his research in Silicon Valley was to “try as hard as possible to find negative data points,” but apart from the increase in Anthropic...

17d ago22#AI #Nvidia

Brave Releases BAT Roadmap 4.0, Launches New Unified Wallet and Stablecoin Payment Protocol

Comparatively, according to the official blog, Brave officially released Basic Attention Token (BAT) Roadmap 4.0 on July 9. The update aims to address the new challenges posed by artificial intelligence and the cashless economy, bringing BAT, Brave Rewards, and Brave Creators to the transactional attention economy. The roadmap's core initiatives include launching a new unified version of Brave Wallet that integrates traditional payment methods with self-hosted crypto assets, and building a stablecoin-based private payment protocol layer BravePay to provide basic support for autonomous proxy payment functions such as x402 and Machine Payment Protocol (MPP) within the browser. In addition, the roadmap also plans a number of new products to expand ecological boundaries. Brave plans to launch Brave Rewards virtual and physical payment cards that support everyday purchases and return BAT rewards, while developing a new creator contribution agreement to ensure that creators can receive micro-royalty compensation when content is invoked by AI products. In terms of tokenomics, part of the net revenue generated from Brave Wallet's revenue-generating features, payment cards, and BravePay agreements will be directly used to repurchase BAT to support user rewards and ecological growth. As these new features advance, Brave will phase out the traditional ad notification unit by the end of 2026, and completely shift the user's reward system to a personalized discount wall and a new loyalty program.

43d ago

Clarity and Congressional Summer Recess: The State of Cryptocurrency

The narrative clearly shows that, as White House adviser Patrick Witt said in May, the “Transparency Act” was not signed into law on July 4, hopefully this will happen. Furthermore, the time for full adoption of the proposal is indeed rapidly dwindling. Why it matters If the Clarification Act fails to pass the National Assembly before the midterm elections, then there is uncertainty about what will happen after the elections. If the House or Senate were reversed, the bill would be less likely to pass in its current form, as Democrats would want to brand themselves on the bill. So if 2026 signing is still planned, basically we are at a critical moment. Analysts No one wants to assert that the bill is dead. Three different people following the process said last weekend that they are still optimistic about the possibility that the bill will pass this year. There are a few different reasons for this. Although the National Assembly will not be in permanent session this summer, most of the necessary work is still being carried out behind the scenes. It was pointed out that staff are still meeting to resolve various issues, including coordinating the Senate Agriculture Committee and Senate Banking Committee versions of the bill. It only takes a few days for the Senate to publicly discuss and vote on the bill. Another source said the process shouldn't take too long — it would take about a few days to end the debate and get 60 votes to pass the bill. Afterwards, the House of Representatives shouldn't spend too much time passing the bill, although there are still some questions about this, which we'll discuss below. Recent events — including a Supreme Court case that essentially stripped independent institutions of their independence and financial disclosure from former President Donald Trump — are also unlikely to have much impact on ongoing negotiations. Last week, US President Donald Trump submitted disclosure documents for 2025, showing that his revenue last year reached $2 billion. Approximately $1.4 billion of this comes from the crypto industry, covering various revenue streams such as royalties paid by his meme coin company, World Liberty Financial's token sales, and sales to the Abu Dhabi Emirates. By contrast, his 2024 disclosure report showed the performance of “tens of millions of dollars” in overall revenue. The president also revealed that he holds more than $100 million in multiple cryptocurrencies and has small shares in companies such as Corewave. Democratic Senator Elizabeth Warren, the most senior member of the Senate Banking Committee, issued a statement after disclosure calling for moral provisions to be added to the Transparency Act. She said, “Cryptocurrency legislation to be submitted to the Senate for review must prevent the president, vice president, senior government officials, members of Congress, and their families from profiting from the cryptocurrency industry. Failure to do so will only accelerate Donald Trump's unscrupulous cryptocurrency corruption.” Similarly, Senator Rubén Gallego said in a post on X that after disclosing that he would “do his best to crack down on [Trump's] corrupt crypto transactions,” even though Gallego was one of the two Democrats who voted to pass the bill from the committee, he said at a price increase hearing in May that the bill would require “practical and enforceable moral standards,” and that he did not guarantee that the bill would receive a vote in the Senate plenary session. Although Trump's disclosure provided Democrats with a clear figure to base their call for a moral agreement, it didn't fundamentally change the debate over the provision. Democrats — including Gallego and Angela Olsobrooks, the only other Democratic Senator on the committee to vote for the bill — have made it clear that they will only agree to vote for the bill in its entirety after reaching an agreement that limits the profits of senior government officials, such as the president, from profiting from cryptocurrencies. Negotiators still need to reach an agreement, and Trump still needs to sign the agreement regardless of the disclosed results. The agreement itself will probably be one of the last few pending matters after the various drafts have been harmonized. Another important incident that occurred last week was the US Supreme Court ruling that the president can fire commissioners of independent agencies at will. One source said that one of the demands put forward by the Democratic Party during the “clarity” negotiations was for Trump to appoint a group of members composed of both parties to fill positions in the Securities and Exchange Commission and the Commodity Futures Trading Commission. That requirement still exists. There are broader issues that could hinder Clarity. An individual concerned about the negotiations pointed out that it is difficult for the US House of Representatives to make substantial progress in dealing with even procedural issues. Both Punchbowl News and Politico reported on the House's woes last week. Politico's Calen Razor reports that House and Senate majority leaders' “pre-election to-do lists” are becoming increasingly difficult to achieve. And Punchbowl's Jake Sherman said, “The House of Representatives is in an extremely chaotic state of paralysis.” The House of Representatives is currently considering a possible third harmonized budget bill, but the Politico report indicates that the bill still faces some hurdles that need to be overcome. Even if the Senate and House of Representatives pass the bill, it is reasonable to question whether it will be signed by Trump. As of press time, he had not signed the bipartisan housing bill passed by the National Assembly last month, and previously said he would not sign it until the National Assembly passed a voting ID bill. Congress sent the bill to Trump early last week. If he does not take any action after 10 days, the bill becomes automatically enforced by law. The Senate is weighing factors in the House, and one of those familiar with the matter said this sense of dysfunction may be weakening their sense of urgency in these negotiations. The next notable date is August 7, 2026, the last day of the Senate term, after which all members will leave for summer vacation and election season. Although Congress will meet within a few weeks of September, there are other priorities to be addressed, including the National Defense Authorization Act, as previously indicated in this newsletter.

47d ago谢伟伦

Holding positions of tens of millions of dollars without paying taxes? Trump's crypto tax strategy has only one core

Author: Forbes Compiled by: AidiDiaoJP, Foresight News Original title: Trump's Financial Disclosure Teaches You the Most Underrated Tax Optimization Strategy The US federal government recently released Trump's financial disclosure documents, which detail how one of America's top crypto asset holders can hold tens of millions of dollars in digital assets without immediately paying huge taxes. The core principle of this strategy applies to every crypto investor, regardless of the size of the asset: you generally don't pay taxes unless you sell it. Holding value-added assets can be deferred indefinitely capital gains tax disclosure documents show that Trump holds a cold wallet Bitcoin position worth more than $50 million and has not reported revenue associated with it. This significant increase is what the IRS defines as an “unrealized gain” — that is, an increase in paper value but not actually sold. Under current US tax law, a taxable event is only triggered when an asset is “disposed of” (such as sale, transaction, or expenditure). Simply holding assets does not create tax liabilities even if their value soars by millions of dollars. This deferral can continue indefinitely until the asset is sold or otherwise disposed of. Similarly, his Ethereum (ETH) holdings worth between $5 million and $25 million are stored in cold wallets; in addition, he also has 15.75 billion WLFI governance tokens worth over $50 million. None of these positions were accompanied by revenue reports. The value of assets is reflected on the balance sheet, but as long as they are not sold, there are no taxable events, and therefore no tax bills. Pledge rewards and interest income need to be taxed in the current year. Not all positions can be deferred. Trump reported $510.808 million in revenue from Coinbase validator rewards, which was a reward for staking the Ethereum network to help verify transactions. The IRS treats staking rewards as ordinary income and is taxed on the fair market value of the token at the time it arrives, regardless of whether the token is sold later or not. Currently, some investors dispute the handling of pledge rewards: the aggressive approach is to wait until the sale before declaring earnings, rather than accruing revenue at full value when received. The IRS has yet to issue clear guidelines for all scenarios, but the 2023 Revenue Ruling (Revenue Determination 2023-14) targets proof-of-of-stake (PoS) mining rewards and tends to confirm them when received. Most tax professionals use this conservative reporting method. The disclosure document does not specify which method is used here. Additionally, the disclosure also revealed that Trump held USDC worth $5 million to $25 million (a stablecoin pegged to the US dollar) and earned $4.5932 million in interest. The price of stablecoins is usually close to $1, and there are few capital gains or losses, but interest income is ordinary income, which is treated in the same way as bank interest, and is subject to full tax in the current year. Royalties, token sales, and license fees are also subject to two additional records in the ordinary income taxation disclosure file that exceed passive holdings. CIC Digital LLC reported $635 million in royalties from “Celebration Coins” (Trump meme coins), as well as license fees associated with NFTs. This income is classified as ordinary income under tax law and is taxed at the same rate as wages, rather than the preferential long-term capital gains tax rate that can be enjoyed after holding for more than one year. Earnings are taxed upon receipt. World Liberty Financial, a Trump-related crypto project, showed token sales revenue of US$236.25 million and equity sales revenue of US$656.25 million. Selling tokens is a taxable event, similar to selling shares. The gain or loss is calculated as the difference between the sales price and the cost basis (the amount initially purchased or invested). Depending on the length of holding, short-term or long-term capital gains tax rates may apply. The simplest yet most overlooked crypto tax optimization strategy revealed in this disclosure document not complex offshore structures or aggressive tax avoidance schemes, but the only reason the largest positions in the portfolio are not subject to current taxes: they haven't been sold yet. Every crypto investor can use this same deferral mechanism. Whether the asset is stored in a wallet or on an exchange, as long as the value rises and is not sold, it will not trigger a taxable event. Twitter: https://twitter.com/BitpushNewsCN比推 TG Community: https://t.me/Bit...

50d agoburnking#Trump #Financials

Bloomberg: Trump's 2025 Financial Disclosure Shows His Crypto-Related Businesses Are Profiting Over $1.4 Billion

Comparative news, according to Bloomberg, US President Trump's latest annual financial disclosure documents show that it will profit at least 1.4 billion US dollars through cryptocurrency and meme-related businesses in 2025. Among them, World Liberty Financial, a crypto company co-founded with his son and senior government official Steven Witkoff, brought in over $594 million in sales revenue; its meme business CIC Digital LLC received $636 million in royalty revenue through licensing agreements, and held at least $60 million in crypto assets in the company's digital wallets; in addition, Trump also made a profit from the sale of shares in Stablecoin Holdco Nearly $1.97 billion. The 927-page disclosure also listed earnings from its extensive commercial portfolio, including $77 million in revenue from Sea-Lake Estate and trading records for stocks such as Nvidia, Microsoft, and Netflix. Critics pointed out in this regard that Trump did not divest or transfer assets into independently managed blind trusts, and that his family-run business empire intersects with the presidential policy field, raising concerns about potential conflicts of interest.

52d ago

Four.meme launches the open platform OpenFour to provide developers with modular development and launch capabilities

Comparatively, Four.meme officially launched OpenFour, an open modular meme infrastructure platform for BNB Chain. Through OpenFour, developers, project parties, and communities can freely design launch mechanisms, transaction rules, and growth models that meet their own business ecology and user needs based on Four.meme's underlying infrastructure. After passing the security review, you can connect to the platform and receive continuous trading incentive benefits. Unlike traditional unified templates, OpenFour allows each ecosystem partner to create innovative mechanisms that truly suit their own scenarios. Four.meme launched four major mechanisms with ecosystem partners: GoPlus creator incentives, GoPlus skill royalties, Likwid on-chain long and short, and Cubepeg, a distribution model created by Cubus based on PancakeSwap Infinity Hook.

75d ago

Arm (ARM) US stocks rose more than 10% before the market, and the large-scale expansion of Nvidia's product line brought a major royalty tailwind

Comparative news, according to Bitget market data, Arm (ARM) US stocks rose more than 10% before the market. According to market analysts, the rise was mainly driven by expectations of continued expansion of NVIDIA's AI infrastructure investment. As Nvidia promotes the construction of AI data centers, AI servers, and next-generation high-performance computing platforms, the market's expectations for an increase in the penetration rate of ARM architectures in data center CPUs, edge computing, and AI terminals have been further strengthened. When speaking at GTC Taipei 2026, Wong In-hoon announced three new Windows product lines, covering notebooks, desktops, and workstations, all of which are 100% Windows compatible and 100% CUDA and Tensor Core support. Wong In-hoon revealed that Vera Rubin has now been fully mass-produced, and the number of orders for Vera CPUs has made it the fastest and most successful product launch in Nvidia's history. According to reports, ARM is a chip IP licensing giant, and many high-end CPUs (including some of Nvidia's product lines) will use the ARM architecture, and Nvidia's large-scale CPU expansion will directly lead to an increase in royalty revenue (royalty). Investment banks such as Jefferies clearly state that this is a major royalty exhaust for ARM.

82d ago

After the AI started voting on its own, USDC won in the end

Author: Clow Original title: After the AI voted for itself, the winner was left with the USDC market after three years of AI coins, but the one actually used by AI was probably not among most people's answers from the beginning. What is most counterintuitive is that FET, TAO, and RENDER are coins with “AI” in their names. AI agents that actually run on the Internet don't use them at all. AI agents that actually run on the Internet don't need FET to buy GPU computing power, don't use TAO to adjust the API, and don't pay royalties to the model without RENDER. An AI Agent can send hundreds of payments per second, and can't handle the 2.9% credit card plus a fixed processing fee of $0.3; the AI Agent requires sub-second settlement, and ACH wire transfers are still calculated in units of three days; if the AI Agent doesn't look at the screen and doesn't click a button, all tracks that require humans to click “confirm payment” simply fail. Everything that claims to be an AI Token is completely absent in the real AI economy. However, money is still flowing frantically between machines, amounting to hundreds of millions of dollars every day. What's streaming? Who is the AI Token? It's not FET, not TAO, and it's not RENDER. It's USDC. A status code that had been hidden in the snow for 30 years suddenly woke up in 2025. Coinbase, in partnership with Circle and Google, did a very strange thing. They unearthed something that had been hidden in the snow for 30 years. HTTP 402. There are several status codes in the HTTP protocol that everyone sees every day: 200 is successful, 404 is not found, and 500 is a server explosion. However, the 402 number has been empty since the agreement was drafted in the 90s; the official name is Payment Required. The drafters reserved it back then, which means that in the future, the Internet will one day require a native payment mechanism. As a result, no one has used it for a full 30 years. It wasn't until the 2025 x402 protocol came out that it was first activated. The meaning is simple. The AI Agent accesses a paid API. In the past, the practice was to first register an account, get an API Key, bind a credit card, and confirm with a human point. It's no longer needed. The agent sent a request, and the server directly returned a 402 status code with payment metadata, clearly stating the amount, payment address, and acceptance chain. The agent's wallet saw 402, automatically signed a USDC transfer, sent a new request, and completed within two seconds. No account, no API key, no human confirmation. Jeremy Allaire gave a number: In the next three to five years, there will be “billions” of AI agents running on the internet and making payments 24 hours a day. This number sounds exaggerated, but if you accept the premise that machines work a few thousand times more often than humans, it immediately makes perfect sense. A technical employee might sign 10 contracts a day, and an agent might sign 10 contracts a second. After the x402 protocol was activated, the identity of USDC changed. It's no longer just a “stablecoin”; it's no longer something for coin traders to trade right. It has become the original protocol for the Internet of Machines, and is placed in the same place as TCP/IP and HTTP. To put it bluntly, the Internet has changed from a network that “transmits information from person to person” to a network that “transfers value from machine to machine.” And the common currency used for this transfer is USDC. 98% of the answers have already been cast. Do you think this is just a story? The data has long since finished voting. Circle's 2026 data: Over 98% of agent-driven payments chose USDC. It's not 60%, it's not 80%, it's 98%. The average payment of $0.31 is an amount that a human being would hardly initiate alone, because even Starbucks starts at $4 to buy a cup of coffee. This kind of 3-dime deal is probably just something going on between machines. Circle has created its own chain called Arc, specifically for stablecoin finance. The single cost on the Arc chain is not $0.00001, which was often quoted before, but about $0.01. What can really push USDC transfers to the order of $0.00001 is not a single gas on the Arc chain, but rather aggregation under the chain and then unified settlement on the chain. Right...

117d agoLuxurytracy