On June 13, Jinshi Data reported that Jerry Group signed a strategic cooperation agreement with the Jebel Ali Free Trade Zone (Jafza), the most influential free trade zone in the Middle East. Jerry will officially settle in Jafza and build a high-end oil and gas equipment manufacturing base integrating production, manufacturing, procurement, logistics, and services. The base will radiate the Middle East, North Africa, Southeast Asia, and other regions, which is of strategic significance for further promoting Jerry's international strategy and strengthening its influence in the global oil and gas industry.

Non-farm payrolls unexpectedly cooled, gold held on at 2300, where is the next opportunity? The yen fluctuated greatly, is there still room for the Bank of Japan? Sasa joins hands with Gate.io's senior analyst Jerry for real-time analysis. Click to watch the live broadcast.

PCE inflation data is about to be revealed, can gold see the light of day? How will the future of oil market be with the complex geopolitical situation? Sasa joins hands with senior analyst Jerry from Jia Sheng for real-time analysis. Click to watch the live broadcast.

Is Ripple behind the XRP price crash? Ripple's occasional sale of XRP tokens has long been cited as one of the reasons for the tepid XRP price action. The crypto company's recent sell-off of a large amount of XRP has once again raised concerns about its negative impact on crypto tokens. On-chain data shows that Ripple transferred a total of 240 million XRP tokens to unknown addresses in two separate transactions. The first transaction took place on March 5, when it sent 100 million XRP to the address in question. Subsequently, on March 13, the Ripple wallet transferred another 140 million XRP to the address. #山寨季开始# The deals have raised eyebrows, and members of the XRP community are considering whether these sales may be the cause of the recent plunge in XRP prices. Notably, the crypto token rose to $0.74 on March 11 before seeing a significant pullback. It is worth mentioning that the price of XRP plummeted on March 5, the day the first trade was made. The data shows that the crypto token, which was trading as high as $0.65 on the day, fell to $0.55 on the day. However, it is uncertain whether Ripple's actions directly contributed to the price drop. At the same time, XRP's price was fairly stable on the day of the second trade, although it was still down from the weekly high of $0.7 set on March 11. The impact of Ripple's XRP sale on the market is still hotly debated among industry insiders. Ripple Community. Cryptocurrency YouTuber Jerry Hall previously claimed that Ripple is suppressing the price of XRP through its monthly sales. However, there have also been reports that the sale of Ripple will not affect the price of cryptocurrency exchanges. Ripple's price action defies logic, especially considering that the token's fundamental and technical analysis suggests that it is well prepared for a parabolic move. That's why discussions about possible market manipulation continue. It's understandable that everyone's finger is pointed at Ripple, as they are the largest XRP holders. However, if it's true that Ripple isn't the cause of XRP's price stagnation, then another explanation is needed to explain why XRP continues to underperform. Although the crypto token continues to rank among the top 10 crypto coins by market capitalization, it is worth mentioning that it is one of the few coins to have negative returns year-to-date (YTD). According to the data, XRP is currently trading at around $0.62, up 2.45% over the past 24 hours. (Source: Scott Matherson)

The provisions of the Infrastructure Act, signed into law by U.S. President Joe Biden, are now in effect, including a requirement to report digital asset transactions worth more than $10,000 to the Internal Revenue Service (IRS). The bill requires Crypto Assets brokers to report personal information about transactions, including the sender's name, Address, and Social Security number, to the IRS within 15 days. Following the passage of the bill, many legislators suggested additional legislation to "amend" the reporting requirements, arguing that the information brokers were required to report was difficult or impossible to collect. Jerry Brito, executive director of the Coin Center, said it was "unclear how to comply" with the 2024 Crypto Assets tax reporting guidelines.

Odaily Planet Daily News A new regulation in the United States will take effect on January 1, 2024. By 2024, U.S. businesses will have to collect personal information such as the name, address and ID of anyone who buys goods with more than $10,000 in cryptocurrencies. Last year, cryptocurrency think tank Coin Center sued the U.S. Treasury Department and Treasury Secretary Janet Yellen, among others, alleging that the new rules they were about to enforce amounted to “unconstitutional financial regulation.” That said, a judge has recently dismissed the case, saying that Coin Center and its co-plaintiffs have no standing to sue because the rule has not yet taken effect and any alleged damages are speculative. On July 21 this year, Coin Center executive director Jerry Brito tweeted, "This law will apply to all of us within six months, so time is of the essence, and we will immediately appeal to the Sixth Circuit Court .” Coin Center declined to comment for this story. The group and its co-plaintiffs have filed an appeal two days after the judge's ruling. (DL News) As previously reported, in June 2022, Coin Center filed a lawsuit against the U.S. Department of the Treasury and the Internal Revenue Service, arguing that the cryptocurrency tax reporting requirements set forth in the Infrastructure Act of 2021 were “unconstitutional.” The requirement, which will go into effect in 2024, requires U.S. taxpayers who receive more than $10,000 in cryptocurrency to report the sender’s Social Security number and other personal information. "Under the terms of the authorization, senders and recipients of cryptocurrency would be forced to reveal their names, Social Security numbers, home addresses, and other personally identifiable information," the lawsuit said.

CoinCenter and other cryptocurrency advocacy groups have criticized the Senate’s Crypto Assets National Security Enhancement and Enforcement Act (CANSEE), which would impose strict regulations on individuals involved in decentralized finance (DeFi), Golden Finance reported. CoinCenter and its executive director, Jerry Brito, criticized the proposal as “chaotic, arbitrary and unconstitutional” in a statement on July 20, while Blockchain Association CEO Kristin Smith said the bill was unfeasible and simply incompatible with digital asset technology. The bipartisan bill, introduced on July 19 by Democratic Senators Jack Reed and Mark Warner and Republican Senators Mike Rounds and Mitt Romney, if enacted into law, would hold DeFi platform operators and key stakeholders accountable for illicit use of the platforms.

Media firm Semafor has raised $19 million from investors including Yahoo co-founder Jerry Yang and KKR &_ Co co-founder Henry Kravis to buy back former FTX CEO Sam Bankman-Fried (SBF), according to Reuters. investment in it.

PANews, May 25, according to Reuters, media startup Semafor announced that it has raised $19 million from investors including Yahoo co-founder Jerry Yang and KKR & Co co-founder Henry Kravis to acquire former FTX chief Executive Sam Bankman-Fried's (SBF) investment in the company. Semafor, who has been charged with fraud following the collapse of cryptocurrency exchange FTX last November, has been seeking to acquire SBF's investment for months. It is reported that Semafor was founded by former Bloomberg CEO Justin Smith and New York Times media columnist Ben Smith, and was launched in October last year. It has raised $34 million so far.