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Citigroup has updated its outlook on digital asset stocks following the recent sharp decline in the cryptocurrency market. The analyst team stated that despite significant price volatility, they remain optimistic about the industry. The analysis report maintains a target price of $243 for a certain exchange, while the closing price of that exchange this Friday was $86.13.

according to Tech in Asia, Citigroup updated its outlook on digital asset stocks following the recent significant decline in the cryptocurrency market. The analyst team stated that despite considerable volatility in cryptocurrency prices, they remain optimistic about the industry. The analysis report maintains a target price of $243 for Circle, while Circle's closing price this Friday was only $86.13.

U.S. legislators have proposed a discussion draft that aims to reduce the tax burden on ordinary cryptocurrency users by exempting capital gains tax on small stablecoin transactions, including a $200 tax exemption for stablecoin payments, and providing new deferral options for staking and mining rewards. According to the draft, if the stablecoin is issued by an issuer approved under the GENIUS Act, pegged to the US dollar, and the transaction price remains within a narrow range around $1, then users do not need to recognize gains or losses for transaction amounts not exceeding $200.