Global tax authorities are ramping up crypto enforcement in 2025. US IRS mandates 1099-DA reporting from Jan 2025, with audits uncovering millions in evasion; penalties eased temporarily. EU's DAC8 and OECD's CARF enable cross-border data sharing by exchanges. India seized $124M in hidden assets, enforcing 30% flat tax and mandatory disclosures. Australia/UK treat swaps as CGT events via self-reporting. Challenges: anonymity hinders tracking, but global frameworks boost compliance, closing $25B+ annual gap.
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The skew index, reflecting the difference in implied volatility between out-of-the-money puts and calls, indicates market panic when it rises sharply. A high skew suggests investors are buying more puts for downside protection, signaling fear of a crash. Monitor trends over time.
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The token economic models of Metaverse and GameFi projects show mixed sustainability. Early P2E models like Axie Infinity faced hyperinflation and user churn due to over-rewarding and dumping, leading to collapses. GameFi 3.0 evolves with dual-token systems, burn mechanics, and DeFi integration for balanced supply/demand, fostering long-term ecosystems. Metaverse tokens (e.g., SAND, MANA) thrive via governance and interoperability but risk volatility from speculation. Overall, well-designed tokenomics prioritizing utility and community can ensure viability, but many fail without it.
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