2025-12-25 02:23:33

Recently, there have been many developments in the crypto world. Here are some noteworthy updates.

The EU's new crypto tax transparency directive DAC8 has arrived, mainly requiring crypto asset exchanges, brokers, and other service providers to collect user identity information and transaction data, then report to tax authorities and share among EU member states. Companies need to complete system upgrades and customer due diligence before July 1, with the regulation officially taking effect on January 1, 2026. In simple terms, crypto activities will be incorporated into the tax reporting system, increasing compliance requirements.

Regarding GPU chips, NVIDIA is set to acquire AI chip startup Groq, reportedly for $20 billion in cash. If completed, it will be NVIDIA's largest acquisition ever. This deal includes all of Groq's assets, excluding their early cloud business. Groq's revenue target for this year is $500 million. For comparison, NVIDIA's previous largest acquisition was in 2019 when it spent $7 billion to acquire Mellanox.

Additionally, Circle has issued a statement clarifying some false news reports about "CircleMetals," mainly to dispel misinformation circulating in the market.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
5
Repost
Share

Comment

0/400

WalletAnxietyPatient

· 6h ago

DAC8 this thing... The era of compliance has truly arrived, it's time to think about adjusting strategies. NVIDIA investing 20 billion in Groq? Looks like the AI chip market is really getting spicy. Circle keeps debunking rumors; why are there so many rumors in this circle? After DAC8's arrival, trading profits have been tangled for half a year. Who should bear these costs? The recent acquisition of GPU chips feels like the chip wars are about to escalate. Honestly, 2026 is still early for it to officially take effect, but we should start preparing now, or else we'll be panicking when the time comes. NVIDIA's move seems to aim for a monopoly over the entire AI chip market. Circle's debunking of rumors happens often... everyone needs to stay alert.

View OriginalReply0

DAOdreamer

· 6h ago

Oh my, DAC8 is really going to be taxed this time. From now on, I have to pay taxes obediently.

View OriginalReply0

ser_ngmi

· 6h ago

So what if DAC8 is here, big players have already profited anyway NVIDIA's move is truly brilliant, acquiring Groq for 20 billion, it seems GPU competition is still fierce Circle is just covering its ass again, the industry gossip never stops Compliance is always a shackle, the real question is who will honestly pay taxes The acquisition of Groq is actually a good thing, at least there's no more worry about financing risks With instructions like DAC8 coming out, small exchanges will have an even harder time.

View OriginalReply0

MoodFollowsPrice