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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
Join the Trading Volume & Net Deposit Leaderboards to win from a 20 ETH prize pool
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
The next bull market prophet could be you! Want your insights to hit the Square trending list and earn ETH rewards? Now’s your chance!
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Or any o
- 🧠 #GateGiveaway# - Crypto Math Challenge！
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1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Drop your answer in the comments
📅 Ends at 4:00 AM July 22 (UTC)
- 🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
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Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd - 🚨 Gate Alpha Ambassador Recruitment is Now Open!
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Can TRUMP and MELANIA Meme Coins Cause a Scandal? Tax Issue on the Agenda - Coin Bulletin
President-elect Donald Trump took a new step in the cryptocurrency world by launching his own memecoin called TRUMP.
Following the launch on January 18th, the token's market value exceeded $24 billion on the first day. Both individual investors and professional traders showed great interest in this new meme token, which carries Trump's strong image.
Meme Coin Craze and the Rise of TRUMP
Memecoins are cryptocurrencies that are often inspired by internet culture and known for their entertainment and viral characteristics. Previous examples like Dogecoin (DOGE) gained popularity with the support of famous figures, while TRUMP drew attention to this trend by adding a political dimension. Trump previously earned over $7.2 million from NFT projects, while his wife Melania made over $330,000. This new token further enhances the Trump family's influence in the crypto world.
Tax Issues and Legal Risks
According to FinTax analysis, Trump's TRUMP move, besides creating a significant economic impact, also raised a series of legal and tax questions.
**According to IRS rules, profits from cryptocurrencies can be taxed. It is stated that the Trump team holds 80% of the TRUMP token supply and this amount will be gradually released over the next three years. However, if the unlocking of these tokens is not considered a taxable event, taxation will only occur during sales or transactions. However, the rapid price fluctuations of TRUMP can make cost calculations quite complicated.
On the other hand, whether the token is used for political donations is also a subject of debate. There are strict regulations on political donations in the United States. If TRUMP is used for fundraising purposes, this could lead to a violation of existing laws. Trump's token is seen as an effort to avoid such accusations by releasing it to the market before assuming the presidency.