Major News Headlines for Today

1. VanEck Launches RWA Fund for U.S. Treasury Investment
Asset manager VanEck has launched an asset tokenization(RWA) fund that can invest in U.S. government bonds. VanEck announced in an official statement on May. 13 that the fund will be distributed in Avalanche, Binance Chain, Ethereum, and Solana Network.

2. 2 U.S. Lawmakers Urge Treasury Secretary to "Cutting Tax Rates on Companies with Cryptocurrency"
Two U.S. senators have asked U.S. Treasury Secretary Scott Bessent to cut the tax rate on companies with cryptocurrency in the U.S. The official letter submitted by Senators Cynthia Lummis and Bernie Moreno on May. 13 pointed to the Inflation Reduction Act, which took effect in 2022, and argued that the tax rate on companies with cryptocurrency should be applied to develop the cryptocurrency industry in the U.S. The Inflation Reduction Act contains a provision that applies a minimum 15% tax to companies that have generated more than $1 billion in profits for three consecutive years.

3. U.S. SEC Postpones Announcement of Review of Solana Spot ETF Approval
The U.S. Securities and Exchange Commission(SEC) postponed the announcement of the approval review of Grayscale's SOL spot exchange-traded fund(ETF) on May. 13. Despite the SEC's announcement, Solana surged on the 13th and touched $180.

4. Cardano Consolidates With 86 Million User Brave Wallet
Cardano announced its integration with Brave Wallet, which has 86 million users, on May. 13. Cardano developer explained in an official statement on the 13th that Brave Wallet users can manage and exchange tokens directly on the Cardano blockchain.

권승원 기자 ksw@blockstreet.co.kr