Translunar founder Justin Ryan Schmidt sentenced to 37 months in prison for tax evasion

According to Cointelegraph, Bitcoin fell below the key support level of $63000, hitting a near 10 day low, due to the sharp decline in Asian chip stocks and pressure on the US technology sector. The global technology stock sell-off has spread to the US market, and the adjustment of technology stocks is due to investors' concerns about the return on investment in AI infrastructure. The market questions the sustainability of capital expenditures and AI investment returns of large-scale cloud computing enterprises.

Uzbekistan has officially launched its first tax-free cryptocurrency mining area, Besqala Mining Valley, offering tax exemptions until 2035 and charging miners a 1% income fee and twice the electricity bill. （Cointelegraph）

Strategy founder Michael Saylor stated that the biggest challenge for Bitcoin in the future is the internal erosion of consensus rules. Michael Saylor believes that the Bitcoin consensus rules are like a constitution, and any modification of the rules is a violation of the economic rights of participants. Michael Saylor named BIP-110 and other proposals, stating that they undermine protocol neutrality, weaken block space scarcity, and increase security risks. Michael Saylor calls for keeping the Bitcoin base layer simple, neutral, scarce, and secure, leaving innovation in the second and application layers.

The Iranian Deputy Foreign Minister stated that the United States has conveyed a message through Oman that it will not take military action against Iran.

According to BIT (bit. com) market data, cryptocurrency concept stocks in the US stock market generally fell, with CRCL falling 1.98%, MARA falling 4.59%, COIN falling 1.04%, BMNR falling 0.98%, MSTR falling 1.33%, and RIOT falling nearly 4.65%.