Approve – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Tue, 02 Sep 2025 17:44:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.9 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Approve – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Solana validators approve Alpenglow upgrade, positioning SOL for a run to $250 https://earlybirdsinvest.com/solana-validators-approve-alpenglow-upgrade-positioning-sol-for-a-run-to-250/ https://earlybirdsinvest.com/solana-validators-approve-alpenglow-upgrade-positioning-sol-for-a-run-to-250/#respond Tue, 02 Sep 2025 17:44:19 +0000 https://earlybirdsinvest.com/solana-validators-approve-alpenglow-upgrade-positioning-sol-for-a-run-to-250/

Solana (SOL) validators concluded the governance process for Alpenglow (SIMD-0326) on Sept. 2, positioning SOL for a potential run to $250.

The community vote tallied 98.27% in favor, 1.05% opposed, and 0.69% abstaining, with 52% of the total stake participating in the decision.

Alpenglow represents a complete overhaul of Solana’s consensus architecture, replacing the existing Proof-of-History and TowerBFT mechanisms with a modern protocol designed for performance and resilience.

Reducing transaction finality

The upgrade introduces Votor, a direct-vote-based system that finalizes blocks through single or dual-round voting processes depending on network conditions.

The protocol transformation promises to slash transaction finality from TowerBFT’s current 12.8 seconds to as low as 100-150 milliseconds.

The network achieves bandwidth efficiency gains by eliminating heavy gossip traffic that currently burdens the system.

Alpenglow’s architecture centers on direct validator communication using cryptographic aggregates to prove consensus.

Validators exchange votes directly rather than through the network’s gossip protocol, reducing computational overhead and communication costs.

Technical implementation and market impact

Alpenglow operates on a “20+20” resilience model, maintaining network liveness even when 20% of validators act maliciously and another 20% remain unresponsive.

The protocol divides time into slots with predetermined leaders responsible for consecutive periods called leader windows.

Shawn Young of MEXC Research noted the upgrade could position Solana faster than standard web search response times, potentially driving developer and institutional adoption.

Young projected that SOL could reach $215 by the end of September and $250 by the end of the fourth quarter, citing technical improvements alongside growing institutional treasury holdings that exceed $1.7 billion.

The governance process spanned epochs 833-842, including discussion periods, stakeholder weight collection, and token distribution through the adapted Jito Merkle Distributor tool.

Implementation details and timeline for network deployment remain under development as validators prepare for the consensus transition.

Economic restructuring and validator incentives

The upgrade fundamentally changes Solana’s economic model by moving voting off-chain. Validators will no longer submit vote transactions for each slot, eliminating bandwidth overhead and transaction fees.

Instead, the protocol introduces the Validator Admission Ticket (VAT), requiring validators to pay 1.6 SOL per epoch as an upfront cost to maintain economic barriers to participation.

Leaders receive compensation for aggregating and submitting vote data, earning rewards equal to the total value of all votes included in their aggregates.

Additional bonuses apply for processing fast-finalization or finalization certificates, recognizing the higher computational costs associated with these services.

This improvement positions Solana’s performance closer to Web2 application response times while maintaining blockchain security guarantees.

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]]> https://earlybirdsinvest.com/solana-validators-approve-alpenglow-upgrade-positioning-sol-for-a-run-to-250/feed/ 0 56414 Thailand will approve crypto tax credits until 2029 https://earlybirdsinvest.com/thailand-will-approve-crypto-tax-credits-until-2029/ https://earlybirdsinvest.com/thailand-will-approve-crypto-tax-credits-until-2029/#respond Tue, 17 Jun 2025 18:48:07 +0000 https://earlybirdsinvest.com/thailand-will-approve-crypto-tax-credits-until-2029/

Thai Deputy Finance Minister Chulafan Amorunvivat took him to X on June 17, 2025 to announce that the Thai government has approved Bitcoin and crypto profits to be exempt from taxation. The Securities and Exchange Commission of Thailand (SEC) has approved crypto tax deduction from 1 January 2025 to December 31, 2029.

Movement is to promote transparent trading, Supporting technology and innovation, It will stimulate the Thai economy and grow steadily.

“Full steam ahead! The government is pushing to promote Thailand as a hub for digital assets around the world Amornvivat announced the tax credit, Amornvivat said.

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“Thailand is considered one of the world’s first countries to implement clear digital assets laws and tax measures.”

According to Amornvivat, the key point of the law is that it will make Thailand’s crypto market more vibrant, attract foreign investment to stimulate domestic consumption, and could lead to other forms of taxation, such as value-added tax (VAT) in the future.

“In addition, Thailand is considered one of the world’s first countries to implement clear laws and tax measures for digital assets. The revenue sector is currently preparing to comply with the Economic Co-operation and Development Organization (OECD) data exchange standards and make digital transactions within the country more transparent and auditable,” said Amornvivat.

Furthermore, he believes this crypto tax cut is another important step that will increase Thailand’s economic potential. He said it could be an opportunity for Thai entrepreneurs to grow on the global stage.

Discover: Best New Cryptocurrencies to Invest in 2025

Thailand’s recent crackdown on crypto exchanges such as Bybit, OKX, Coinex

Thailand’s SEC is set up to block access to BYBIT, OKX, Coinex, 1000X and XT.com from June 28, 2025. According to a THAI SEC press release on May 30, 2025, the decision to block five major exchanges is based on allegations that they are offering services in Thailand without the necessary license.

Additionally, Thais has taken legal action against the unauthorized exchange. More severe penalties have also been introduced for individuals involved in cybercrime through digital asset accounts.

The SEC said it is taking this step to protect investors and prevent fraudsters from washing their money using fraudulent digital asset trading platforms. “The SEC has submitted the above platform information to the Ministry of Digital,” the press release states. “The Ministry of Digital Affairs will block access to the platform and prevent the public from accessing it from June 28, 2025.”

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Key takeout

  • Thailand exempts personal income tax on cryptocurrency profits through its Thai-second-regulated platform.

  • The move is to promote transparent trading, support technologies and innovation, and to stimulate Thailand’s economy to steadily grow.

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    ]]>     https://earlybirdsinvest.com/thailand-will-approve-crypto-tax-credits-until-2029/feed/ 0 42586     South Korea’s new president races to approve Bitcoin ETFs for 16 million traders https://earlybirdsinvest.com/south-koreas-new-president-races-to-approve-bitcoin-etfs-for-16-million-traders/ https://earlybirdsinvest.com/south-koreas-new-president-races-to-approve-bitcoin-etfs-for-16-million-traders/#respond Wed, 04 Jun 2025 15:23:28 +0000 https://earlybirdsinvest.com/south-koreas-new-president-races-to-approve-bitcoin-etfs-for-16-million-traders/

    South Korea’s newly elected president Lee Jae-myung has vowed to legalize spot Bitcoin exchange-traded funds and launch a national KRW-backed stablecoin, which could turbocharge crypto adoption across Asia’s fourth-largest economy.

    Lee, a liberal firebrand and former mayor of Seongnam, clinched the presidency with 49.4% of the vote in the June 3rd snap election, ending months of political uncertainty following the resignation of his conservative predecessor.

    Lee’s campaign platform includes a sweeping embrace of digital assets. If enacted, his promises would reverse South Korea’s long-standing crypto ETF ban and create the world’s first G20-backed fiat stablecoin outside the U.S.

    From outlier to leader overnight

    Unlike other countries with months-long transitions, South Korea’s snap election rules mandate that the new president take office immediately.

    The nation’s top financial regulator, the Financial Services Commission (FSC), has historically barred brokerage access to overseas crypto ETFs. That stance isolated South Korea’s capital markets just as U.S. and Hong Kong investors were gaining ETF exposure to Bitcoin and Ethereum.

    Lee’s vow to overturn this regulation and license domestic ETF products could give Korean brokerages, pension funds, and institutional investors compliant, high-volume rails to digital assets by Q4 2025.

    A stablecoin for the nation

    Perhaps more radical is Lee’s push for a sovereign KRW-pegged stablecoin, housed under an updated “Digital Asset Basic Act” scheduled to be tabled next week. The draft legislation includes reserve requirements (₩50 billion minimum), licensing frameworks, and VAT exemptions for crypto swaps, measures clearly designed to mainstream tokenized won.

    This stablecoin wouldn’t compete with private issuers like Tether or Circle but would aim to directly challenge U.S. dollar dominance in Asian trading pairs.

    With Korean exchanges like Upbit and Bithumb regularly processing daily volumes above $1.5 billion and $500 million, respectively, even a small user migration to a won-backed stablecoin could shift liquidity away from offshore dollar-based markets.

    The voter mandate is real and young

    Lee’s crypto tilt was strategic. Over 15 million South Koreans, roughly 30% of the adult population, trade crypto, and the electorate has become one of the most blockchain-savvy in the world.

    Young voters in their 20s and 30s, many of whom see crypto as a path to financial empowerment in a hyper-competitive society, were decisive in swinging the vote.

    Exit polling showed a clear generational divide, with Lee capturing a commanding lead among younger demographics.

    The win gives his Democratic Party control of both the executive and legislative branches through 2028, giving him rare latitude to implement crypto-forward reforms quickly.

    Regional ripple effects

    Lee’s pro-crypto pivot comes just two months after Hong Kong launched Asia’s first spot Bitcoin and Ethereum ETFs, which attracted over US$260 million in assets under management within weeks.

    South Korea’s move is likely to intensify pressure on Japan’s Financial Services Agency and Singapore’s MAS to accelerate their own digital asset approvals, or risk falling behind.

    With a ready-made retail base and some of Asia’s largest trading platforms, South Korea could become the new epicenter of regulated crypto activity in the region.

    That raises the possibility of new dynamics within the ‘Kimchi Premium’ through ETF arbitrage flows, tighter price convergence between East and West, and regulatory domino effects throughout the Pacific Rim.

    Roadblocks and risks

    Still, implementation is far from guaranteed. The FSC’s current leadership remains in place, and it’s unclear whether Chairman Lee Bok-hyun will align with the new administration’s vision without legislative amendments to the Capital Markets Act.

    Institutional resistance, from banks to conservative lawmakers, could also slow progress.

    Moreover, Lee Jae-myung is still entangled in legal proceedings stemming from alleged campaign finance violations. South Korea’s Constitutional Court retains the power to suspend sitting presidents under certain conditions. For crypto watchers, that means the real policy window may be closer to 12–18 months than a full term.

    There’s also potential conflict brewing between the proposed stablecoin and the Bank of Korea’s ongoing CBDC pilot, which could complicate inter-agency coordination.

    A nation repriced?

    Regardless of these caveats, Lee’s election marks a sea change in how a major G20 economy views crypto. If successful, his ETF and stablecoin initiatives would not only rewire South Korea’s financial plumbing but also offer a regulatory model that blends populist momentum with institutional structure.

    In a global environment where crypto policy often moves at a glacial pace, South Korea just hit fast-forward. The rest of Asia, and Wall Street, will be watching.

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    ]]>     https://earlybirdsinvest.com/south-koreas-new-president-races-to-approve-bitcoin-etfs-for-16-million-traders/feed/ 0 40096     New Hampshire Becomes First State to Approve Crypto Reserve Law https://earlybirdsinvest.com/new-hampshire-becomes-first-state-to-approve-crypto-reserve-law/ https://earlybirdsinvest.com/new-hampshire-becomes-first-state-to-approve-crypto-reserve-law/#respond Tue, 06 May 2025 20:32:14 +0000 https://earlybirdsinvest.com/new-hampshire-becomes-first-state-to-approve-crypto-reserve-law/

    New Hampshire has become the first state to allow the investment of its public funds into crypto assets with its governor signing the new law on Tuesday.

    The state beat a number of others to the punch this year as what had started as a surge in state lawmaker momentum had run into roadblocks over recent weeks. As the first to authorize its treasurer to set up such a reserve, New Hampshire could very well beat the U.S. government in forming a stockpile, too.

    “New Hampshire is once again first in the Nation,” New Hampshire Governor Kelly Ayotte, a Republican who’s in her first year in office, posted on social media site X.

    The New Hampshire bill allows the investment of up to 5% of public funds in a digital asset that has at least $500 billion in market capitalization, currently leaving bitcoin (BTC) as the only qualifying asset.

    “We’re incredibly excited about the win that has occurred in New Hampshire,” said Dennis Porter, founder of the Satoshi Action Fund that’s been pushing state lawmakers to pursue reserves. He told CoinDesk in an interview that he’s hoping other state’s will follow suit.

    “The first one’s the hardest, by far,” Porter said. “Having a state that’s already gotten it done, it’ll really increase the political momentum.”

    State House Republicans in New Hampshire also posted on X Tuesday, boasting that their state is “OFFICIALLY the first state to lay the groundwork for a strategic bitcoin reserve.”

    “The Live Free or Die state is leading the way in forging the future of commerce and digital assets,” they wrote.

    Arizona had been the first state to get a similar measure to its governor’s desk, but the legislation was vetoed, though other bills are still awaiting the governor’s consideration there. Florida has also withdrawn its own effort, joining a number of other states where the reserve push has fizzled. But North Carolina remains a strong contender, because its effort is being championed by a prominent lawmaker.

    President Donald Trump had called for his administration to set up its own bitcoin reserve and a separate crypto stockpile, though the Treasury Department is still examining what the federal government has on hand that can be redirected into those eventual funds.

    Read More: Trump’s Crypto Sherpa Bo Hines Says Crypto Legislation on Target for Quick Completion

    UPDATE (May 6, 2025, 17:46 UTC): Updates with comment from Dennis Porter, founder of the Satoshi Action Fund.

    ]]>     https://earlybirdsinvest.com/new-hampshire-becomes-first-state-to-approve-crypto-reserve-law/feed/ 0 34768     $13,600,000 To Be Handed To Residents in Major US County As Leaders Approve Massive One-Time Payments for Households https://earlybirdsinvest.com/13600000-to-be-handed-to-residents-in-major-us-county-as-leaders-approve-massive-one-time-payments-for-households/ https://earlybirdsinvest.com/13600000-to-be-handed-to-residents-in-major-us-county-as-leaders-approve-massive-one-time-payments-for-households/#respond Sun, 20 Apr 2025 05:34:14 +0000 https://earlybirdsinvest.com/13600000-to-be-handed-to-residents-in-major-us-county-as-leaders-approve-massive-one-time-payments-for-households/

    Commissioners in the second-most populous US county have green-lit large payments to residents who are struggling to make ends meet.

    The Board of Commissioners in Cook County, Illinois has approved a program that will send $1,000 payments to selected households battling elevated property taxes amid a “substantial increase” in tax bills in recent years.

    The Cook County Homeowner Relief Fund’s application process is expected to be launched in the summer.

    “In order to be eligible, households must have an income at or below 100 percent of the Area Median Income for their respective household size.

    Under these guidelines, for example, a four-person household making $119,900 or less would be eligible. Applicants must have also seen their property tax bill increase by at least 50 percent in any year since the 2021 tax year.”

    The program, known as the Cook County Homeowner Relief Fund, has a total budget of $15 million. The homeowner relief fund, however, would reportedly cost $1.4 million to run, leaving $13.6 million to be distributed.

    Public hearings were held with property owners beginning in September of 2024, before the approval of the Cook County Homeowner Relief Fund. According to Commissioner Bridget Gainer, the problem of ballooning property taxes in the Illinois county is severe.

    “Property taxes are rising faster than homeowners’ ability to pay, forcing people to leave neighborhoods they love and undermining the best ability to build wealth – home ownership.”

    The president of the Cook County Board, Toni Preckwinkle, says offering one-time payments to help in paying property taxes is, however, a stopgap measure while the leadership pursues a long-term solution.

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    ]]>     https://earlybirdsinvest.com/13600000-to-be-handed-to-residents-in-major-us-county-as-leaders-approve-massive-one-time-payments-for-households/feed/ 0 31810