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- 🔥 Gate Post Ambassador Exclusive Posting Reward Task Is On!
👉 Post daily from May 19 to May 25 and share a $300 prize pool based on your post quality!
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Registration deadline: May 20 10:00 UTC
🎁 Reward Details:
S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
A/B-Level Tiered Rewards
Based on the number of posts and their quality, ambassadors will be ranked and rewarded accordingly:
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- 🔵 #Altcoin Season Index Hits 24#
CoinMarketCap data shows the altcoin season index has climbed to 24, up 2 points from yesterday. Among the top 100 projects by market cap, about 24 have outperformed BTC over the past 90 days. Do you think the altcoin season is true here? Which sectors do you expect to lead the charge? Share your predictions!
🔵 #Saylor Hints at More BTC Buying#
Michael Saylor, founder of Strategy, recently released new Bitcoin Tracker updates. Historically, Strategy tends to disclose BTC accumulation the day after such announcements.
What’s your take—will they increase thei - 🔵 #Can BTC Break $110K?#
Bitcoin recently broke above $107,000 and is currently trading around $105,000, just shy of its all-time high at $109,580. Do you think Bitcoin can set a new record and push past $110,000? Share your analysis and predictions with us!
🔵 #AI Token Market Cap Rebounds#
According to CoinGecko, the total market cap of the AI agent sector has rebounded to $6.862 billion, with a 1.2% increase in the past 24 hours. Notably, VIRTUAL surged 18.5%, and AI16Z rose 7.1%. Which AI tokens are you bullish on? How are you planning your portfolio strategy? Let’s hear your thoughts! - 🍕 Bitcoin Pizza Day is Almost Here!
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May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
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First Major Penalty Imposed Due to Popular Crypto Project in the USA: May Face Imprisonment! - Coin Bulletin
Waylon Wilcox, who lives in the US, admitted to evading about $3.3 million in taxes by not reporting the income he earned from the sale of CryptoPunks NFTs worth millions of dollars to the IRS.
One of the most popular NFT projects in the cryptocurrency world, CryptoPunks, has for the first time become the subject of a major tax evasion case. Waylon Wilcox, a 45-year-old resident of Dillsburg, Pennsylvania, made a total of 97 CryptoPunk sales in 2021 and 2022. Wilcox, who earned over 13 million dollars from these sales, admitted to evading his tax obligation by not reporting his income to the IRS.
According to a statement by the U.S. Attorney's Office for the Middle District of Pennsylvania, this case is the first serious investigation into large-scale tax evasion from NFT sales in the country. According to U.S. tax obligations, gains from the sale of cryptocurrencies or NFTs are considered capital gains and are subject to taxation.
According to an interesting detail provided by the local press, Wilcox's girlfriend has asked for financial support on Facebook for her daughter's beauty pageants. This detail has led to comments on social media that Wilcox is actually going through a financially difficult process.
In a statement made by officials, IRS Special Agent Yury Kruty:
Wilcox's confession of guilt occurred shortly before the April 15 tax filing deadline. Wilcox, who faces up to six years in prison in the case, is expected to receive a lighter sentence due to his admission of guilt.
Although the NFT sector peaked during the period when CryptoPunk sales were taking place, a serious decline in trading volumes is observed these days.
The creator of the CryptoPunks project, also known for the Bored Ape Yacht Club NFT collection, Yuga Labs, launched a side project called Super Punk World last year but withdrew from the project due to the reactions received. The company's CEO Greg Solano stated that they would keep CryptoPunks decentralized and would only provide support to some museums and institutions.