SARS issues draft crypto tax guidance, sets Aug. 31 deadline for public comment
The draft frames most trading, swapping, and spending as disposals under existing income tax and CGT rules.
The draft frames most trading, swapping, and spending as disposals under existing income tax and CGT rules.
A $221.72M July 2 inflow broke a 10-session bleed, but BlackRock’s IBIT still posted an outflow.
He told FOX Business he is sitting on “millions” in losses as bitcoin traded near $63,000.
On-chain data showed more than 166,000 ETH withdrawal transactions in a day as ETH rebounded to around $1,766.
He ties stablecoin-led onchain cash balances to future demand for yield-bearing tokenized products as DeFi plumbing lags.
Haircuts run from 10% on broad ETFs to 30% on higher-volatility names, with caps up to $1 million per asset.
The bounce was tied to a bearish squeeze and softer U.S. data, with the next inflation print set as the follow-through test.
Hashdex points to AI-driven flow rotation, while Schwab flags overhead supply near $80K and ~$95K.
Polymarket International rose to roughly $4.3B as US and EU regulators sharpen their stance on event contracts.
Open interest rose to $178.35M as price bounced from $0.0000231 and pressed into a near-term decision zone.
CEO Richard Teng warned uneven authorization across the EU could pressure liquidity and market confidence.
US spot Bitcoin ETFs snapped a 10-day drought with about $220M net inflows as BTC held near $60K.
The QCATP model could keep UK order flow tied to global venues, yet “comparable” jurisdiction criteria remain undefined.
The token traded around $1.14 while MVRV sat near -45% and -47%, signaling holders are deeply underwater.
Tokenized assets reached a $3.5B record and prediction markets gained traction, while funding fell to 3% from 11% in two days.
TRM and Elliptic say activity is shrinking post-sanctions and post-Grinex, with circular flows inflating prints.
BTC reclaimed $62,000 with $64,000 flagged as resistance as ETF flows turned positive, but miner outflows and long-leaning leverage remain a risk.
The July 3 update mixes major CEX brands with Paradex as a DEX and leans on platform-stated reserves and custody metrics.
A near-49,000 BTC deposit spike and elevated ETH and altcoin inflows set up a volatility-heavy tape, with ETFs adding a competing bid signal.
The plan pairs a formal BTC “monetization” program with higher preferred dividends, buybacks, and a larger cash reserve.