Japan Proposes Crypto Reforms, Crypto Tax Cuts, and Bitcoin ETF Approval
The Financial Services Agency (FSA) of Japan has introduced new crypto reforms, including a flat 20% tax rate on crypto gains, replacing the existing 55% taxes.
Breaking news coverage from cryptocurrency world about key figures, exchanges, startups, investment, applications, regulation and more.
The Financial Services Agency (FSA) of Japan has introduced new crypto reforms, including a flat 20% tax rate on crypto gains, replacing the existing 55% taxes.
Solana’s price has rebounded to $145 as global unrest settles, and technical indicators suggest that the crypto asset may head towards a new high.
Ethereum climbed past $2,400 following a $8.9 million whale accumulation, marking an 18% increase in its 24-hour trading volume.
BNB jumped 3% to $637.7 as Nano Labs announces plans to accumulate up to $1 billion worth of the token as part of its long-term treasury strategy.
The Iran-Israel peace agreement has fueled a strong crypto market rally, with Bitcoin rising 4% and major altcoins around 8%.
XRP price led the altcoin market recovery with a 10% rally to $2.20, driven by easing geopolitical tensions following the Iran-Israel ceasefire.
Kaspersky has identified SparkKitty malware and its resemblance to SparkCat, which scans users’ pictures to find crypto wallet seed phrases.
Bitcoin roared back above $106,000, following reports of a ceasefire between Iran and Israel and ending a plunge below $99K.
The crypto market is far from its peak, as a key indicator with strong historical accuracy suggests further bullish momentum for Bitcoin.
TIA rose over 14% in 24 hours as the co-founder addressed insider-dumping accusations, reassuring the community of the project’s long-term financial stability.
Texas has signed Senate Bill 21 into law and has allocated $10 million to the purchase of Bitcoin, taking the lead among States exploring a BTC treasury.
Sei (SEI) is making waves after a 41% rally, breaking technical resistance and doubling in value in just seven days.
Solana opened Monday at $135, down 20% from its June 12 peak of $163. However, network transaction throughput remains strong at 3,796 TPS, suggesting underlying demand persists despite the price decline.
XRP broke below the critical $2 level on Monday, marking its lowest point in 75 days amid legal uncertainty and global market pressure. A Head and Shoulders pattern suggests further downside risk to $1.50.
Circle’s market cap has climbed above $62.9 billion, now surpassing the value of its own USDC stablecoin supply near $61 billion. The surge follows Senate approval of stablecoin regulation legislation.