News

Glonghui, February 25th｜According to CLS, historically, shorting Microsoft stock for the long term has always been considered a "foolish move." So, will this time be any different? Since 2026, Microsoft has become the biggest decliner among the "Magnificent Seven" US stocks. Since reaching a historic closing high of $539.82 on October 28 last year, its share price has fallen by a cumulative 28%, with a sharp drop of 19.4% just this year. This steep decline is pushing Microsoft's stock price close to a key technical indicator—the 200-week moving average. Many technical analysts have recently noted that Microsoft's closing price on Tuesday was only about 3.5% above its 200-week moving average of $375.80. The last time Microsoft's stock closed below the 200-week moving average was back in January 2013. The 200-week moving average roughly reflects the average stock price over the past four years. While it is not uncommon for stock prices to fall below short-term technical indicators (such as daily moving averages) during bearish news cycles, the 200-week moving average often better reveals long-term trend directions. An upward-sloping 200-week moving average typically indicates a long-term bull market, while a downward-sloping 200-week moving average suggests the stock may be entering a prolonged downtrend. Since January 2012, Microsoft's 200-week moving average has never experienced several consecutive weeks of decline. Now, Microsoft's stock price is approaching this critical crossroads. For many technical analysts, the success or failure of its future trend will depend on this—historically, for companies with intact long-term growth narratives facing only temporary setbacks, the 200-week moving average has often served as a support point for the stock price to bottom out and rebound.

Foresight News reported that GoPlus has issued a security warning: the address starting with 0xB30 lost USDT worth $388,000 after the victim signed a malicious transaction and was phished. GoPlus reminds users to avoid clicking, installing, signing, or transferring: do not click on unfamiliar links, do not install unknown software, do not sign transactions with unclear content (wallet), and do not transfer funds to unverified addresses.

Jinse Finance reported that a U.S. crypto industry lobbying group has submitted its desired cryptocurrency taxation proposal to Congress and met with lawmakers in the House responsible for drafting crypto tax legislation, aiming to advance one of the industry's most important policy agendas. The Blockchain Association on Tuesday released its stance on crypto tax policy, calling for stablecoins to be treated as cash for everyday purchases and for a minimum exemption threshold on "small" cryptocurrency transactions. The association believes that requiring tax reporting on "insignificant gains or losses in everyday transactions imposes disproportionate costs on individuals and overburdens tax administration, without generating significant fiscal revenue." The lobbying group also stated its support for applying the **wash sale rule** to digital assets, allowing investors to claim losses when repurchasing the same cryptocurrency after selling. The Blockchain Association's actions come as lawmakers debate how cryptocurrencies should be taxed. Republican Senator Cynthia Lummis introduced a bill in July this year proposing tax exemptions for certain crypto transactions, a bill that was opposed by Democratic Senator Elizabeth Warren.