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CRYPTO TAXATION ACROSS THE GLOBE: WHAT YOU SHOULD KNOW

Hunger Games in Memecoins + Intelligent Copilot For Solana

Author

Hype Train
December 24, 2024

Presented by Hype

Welcome to the HYPE TRAIN - a newsletter that breaks down what's happening in the crazy world of memecoins. We'll be breaking down the WTF moments, Best Trades, and much more, while trying to provide some humor to your day.

Disclaimer: Take none of this as financial advice & do your own research

Aaand here we go:

Pleasant day to be a degen! Welcome to today’s edition of Hype Train, where we will be covering our staples today:

  • TOP Memecoin Performances😇

  • HUNGER GAMES IN MEMECOINS??😍

  • CRYPTO TAXES AROUND THE WORLD?!?!?! 😱

  • AND………………stories that will shake your head🙈

CRYPTO STAPLES🥇*As of 1:40 pm EST on December 24th

Coin

Price

Market Cap

%Change(24hr)

$BTC

$98,584

$2 Trillion

+6.3%

$ETH

$3,493

$420 Billion

+6%

$SOL

$196.59

$94 Billion

+6.5%

HYPE INDEX🐐

$BONK

$0.00003309

$2.5 Billion

+7.8%

$WIF

$2.05

$2 Billion

+8.1%

$MOG

$0.000002333

$950 Million

+14.2%

$POPCAT

$0.7907

$774 Million

+5%

$GIGA

$0.06124

$588 Million

+25.7%

$MICHI

$0.1371

$76 Million

+9.3%

$RETARDIO

$0.07088

$70 Million

+24.6%

$BILLY

$0.02546

$25 Million

+11.2%

NEW SCHOOL OF TRADING

$SIGMA

$0.04787

$43 Million

+37.8%

$LOCKIN

$0.03427

$34 Million

+17.2%

$SKBDI

$0.2698

$20 Million

+24%

$AURA

$0.009792

$9.4 Million

+22%

$RZLR

$0.001032

$1 Million

-7.4%

$ROT

$0.0009199

$919 Thousand

+87%

$RIZZ

$0.0008019

$795 Thousand

-6.2%

$MEWING

$0.0003738

$373 Thousand

+8%

HUNGER GAMES IN MEMECOINS🫡

$SPORE

$0.0165

$16.5 Million

+96.3%

Spore.fun is an innovative platform where AI agents evolve and reproduce autonomously based on survival-of-the-fittest principles. Each agent operates independently, using the Eliza framework (AI16z) to adapt and learn. They create their own tokens through Pump.fun, with success measured by reaching a $500k market cap. Successful agents reproduce, passing traits to the next generation, while unsuccessful ones self-destruct, returning their resources to the system. This ensures only the fittest agents thrive, fostering a dynamic, self-sustaining AI ecosystem where intelligence evolves beyond human constraints.

Currently, Spore.fun has a market cap of $16.5 million, marking a 96% increase within the past 24 hours. Operating on secure server spaces provided by Phala Network, the platform ties each agent’s survival to its ability to generate profit, mirroring natural selection. Spore.fun aims to nurture millions of diverse AI agents that grow, compete, and evolve independently. As a bold experiment in AI evolution, blending digital survival and decentralized intelligence, it’s rapidly gaining attention for its groundbreaking approach to creating and advancing AI swarms.

INTELLIGENT COPILOT FOR SOLANA🗣

$NEUR

$0.006718

$6.6 Million

+6,742%

$NEUR, branded as "The Intelligent Copilot for Solana," has surged since its launch, boasting a 6,700% increase and a market cap of $6.6 million. Positioned as an AI powered tool for seamless DeFi and NFT interactions, it highlights open-source transparency and participation in the Solana AI hackathon. Promised features like AI driven automation aim to revolutionize workflows and deepen integration within the Solana ecosystem.

Despite the hype, $NEUR faces allegations of being a scam. Reports indicate an insider group holding over 30% of the supply has dumped $300,000 so far, with $500,000 remaining in their wallets. Additional red flags include a newly created GitHub with no updates and a 12 day old website, urging caution among rizzlers.

CRYPTO TAXES AROUND THE WORLD!

Well, it’s getting toward the end of the year, and tax szn is creeping up, so it might be beneficial to just peep the taxes imposed on crypto. Cryptocurrency taxation varies significantly worldwide, with countries adopting distinct approaches based on how they classify crypto assets. Here's a quick overview:

  • United States: Crypto is treated as property. Capital gains tax applies to profits, with rates up to 37% for short-term gains and 15–20% for long-term holdings. Crypto received as payment is taxed as income.

  • United Kingdom: Crypto is subject to capital gains tax after a £3,000 annual tax-free allowance. Trading as a business can trigger income tax instead.

  • Germany: A crypto-friendly country where gains from assets held over a year are tax-free. Short-term gains below €600 are also exempt.

  • Portugal: A tax haven for private crypto investors—no taxes on capital gains unless you're actively trading as a business.

  • Australia: Crypto is considered property for capital gains tax, but holding it for over a year can result in a tax discount.

  • Switzerland: Private investors face no capital gains tax but must pay wealth tax on their holdings.

In contrast, China and Algeria have outright crypto bans, making taxation irrelevant. Meanwhile, Japan and India heavily tax crypto gains at fixed rates, while Malta offers exemptions for long-term holding.

MEME OF THE DAY

HOT NEW COINS (24 Hr)📈

$ALIEN

$0.0003338

$3.1 Million

+4301%

$RICKROLL

$0.0001429

$140 Thousand

+90.%

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That’s all for today’s edition, see you degens tomorrow!

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.