According to Odaily Planet Daily, the South Korean government will implement a cryptocurrency tax as planned in January next year. The National Tax Service is currently drafting relevant notices, which are expected to be released soon along with a legislative announcement. Moon Kyung-ho, head of the Income Tax Division of the Ministry of Finance and Economy, stated that the National Tax Service has conducted several practical adjustments with five major cryptocurrency operators: Upbit, Bithumb, Coinone, Korbit, and Gopax. Under the current income tax law, starting January 1st next year, income from the transfer or lending of cryptocurrency assets will be classified as other income, and a comprehensive tax rate of 22% will be levied on income exceeding 2.5 million won, including a 20% income tax and a 2% local income tax. This policy will affect approximately 13.26 million investors.

According to Odaily Planet Daily, Ark Invest, the fund managed by Cathie Wood, recently made a significant purchase of Robinhood (HOOD). Nick Grous, Research Director at Ark Invest, wrote in an article on X today that trading revenue is inherently cyclical and highly influenced by market conditions; focusing solely on this data will cause one to miss truly significant changes. Robinhood's most important story right now is its subscription service, Robinhood Gold, a mechanism that continuously pulls users deeper into the Robinhood ecosystem. As of the first quarter of this year, Gold's penetration rate among funded users reached 15.8%, and 40% of new users directly subscribed to Gold upon registration. In the long term, the increasing number of Gold-exclusive services will form a more stable, sustainable, and less susceptible to market sentiment-driven revenue base. This is the core story of Robinhood's evolution from a single brokerage platform to a "financial super app," and this flywheel is still in its very early stages. Previously, Robinhood's first-quarter earnings report released last month fell short of market expectations, causing its stock price to drop 13% in a single day. However, Ark Invest took advantage of the downturn to buy heavily, investing approximately $39.7 million to purchase over 550,000 shares of HOOD, which were then added to the three flagship funds ARKK, ARKW, and ARKF. Currently, the stock has become one of the top six holdings of these three funds, accounting for approximately 3%.

In the past hour, total liquidations across the network reached $11.24 million, with $1.31 million from long positions, with $9.93 million from short positions. BTC liquidation $4.80 million, ETH liquidation $1.06 million.

MyToken data monitoring shows that on 【May 7th, 16:06】 (Beijing Time), 【Huobi.DepositAndWithdraw_1】 transferred 【100003034.19 USDC】 to an address starting with 【0xa0b8】, with a total value of approximately 【100.00 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/

Odaily Planet Daily reports that World Liberty Financial co-founder Zach Witkoff appeared on Fox Business Network to discuss the company's latest breakthroughs in AI and decentralized finance. Witkoff pointed out that WorldClaw is a key piece of the puzzle in realizing the Agent Economy vision. WorldRouter, as an AI model aggregation platform, supports single-account access to over 300 mainstream AI models, including GPT-5.5, Claude Opus 4.7, and Gemini 3.1 Pro, at prices 30% lower than official channels. WorldClaw AgentOS integrates with the native stablecoin USD1 for instant and transparent settlement. Users can lock up WLFI tokens to obtain AI credits and unlock whitelist eligibility. The project is supported by the Trump family and aims to make the United States the global capital of crypto and AI.