Australia Tax Reform to Impact Crypto Holders The Australian government plans to replace a 50% capital gains tax discount on assets held for more than one year, according to the Australian Financial Review. This change will directly affect crypto investors’ tax burden. Crypto assets held for over a year currently benefit from the 50% CGT discount, which would be eliminated under the proposed policy.
Bitcoin Swings on CME Open BTC briefly topped $82,400 before slipping below $81,000 as traders repositioned around CME futures open and geopolitical risks rattled markets. Iran tensions continue to weigh on investor sentiment, with traders balancing safe-haven demand against risk appetite in the crypto space.
Digital Asset Seeks Major Funding Round Canton Network’s Digital Asset is targeting a $2 billion valuation in a new funding round led by a16z crypto, according to Bloomberg. Sources familiar with the matter told Bloomberg the fundraiser is expected to close in the coming weeks and the final amount might vary. Digital Asset is a major player in enterprise-grade blockchain infrastructure.
Crypto.com Gets UAE Regulatory License Crypto.com’s UAE entity became the first VASP to receive a UAE central bank SVF license tied to Dubai government crypto payment services. This marks another milestone in the UAE’s efforts to position itself as a leading crypto hub in the Middle East.
Crypto Fund Inflows Continue for Sixth Week Global crypto investment products recorded $858 million in inflows for the sixth consecutive week, according to CoinShares. US products and Bitcoin ETFs led the inflows. Progress on the Clarity Act has boosted sentiment, with institutional investors continuing to add positions. This marks the longest streak of positive weekly inflows since the beginning of the year.
Trump’s China Visit Faces New Complications from Iran War President Trump’s upcoming trip to China — the first by a sitting US president in nearly a decade — could prove more fraught than his first-term visit, as the ongoing Iran conflict adds a new layer of tension to US-China relations. What’s on the Agenda Trump and Xi are expected to discuss Iran, nuclear issues, trade, and artificial intelligence across multiple sessions. The Iran war’s impact extends far beyond the Middle East, creating ripple effects across the US-China relationship. ...
Modi Calls for National Austerity Amid Iran War Indian Prime Minister Narendra Modi has urged citizens to work from home and limit foreign travel as the ongoing Iran conflict continues to disrupt global energy supplies. Austerity Measures Speaking to the nation, Modi said the measures would reduce India’s fuel consumption and help conserve foreign exchange reserves. The Strait of Hormuz blockade has severely impacted India’s oil imports. India, the world’s third-largest oil importer, is heavily dependent on Middle Eastern crude. The shipping disruption has sent international oil prices soaring, putting enormous strain on the Indian economy. ...
Philippines VP Duterte Faces Second Impeachment Philippine Vice President Sara Duterte has been impeached for the second time, marking an escalation in the country’s political power struggle. What Happened The House of Representatives formally filed articles of impeachment against Vice President Sara Duterte. If convicted in a Senate trial, she will be disqualified from running for president. Duterte, daughter of former President Rodrigo Duterte, was elected vice president in 2022. She previously served as education secretary in President Marcos’ cabinet before resigning over policy disagreements. ...
WWII Looted Portrait Discovered A painting believed to have been plundered by high-ranking Nazi Hermann Goering during World War Two has been found in the home of a Dutch SS leader’s descendants. The portrait is one of thousands of artworks looted by the Nazis across occupied Europe. The Netherlands has intensified efforts to recover wartime looted art in recent years, with several works already returned to their original owners or their heirs. ...
Hantavirus Passengers Arrive in US and France The American national has arrived in Nebraska and is under medical observation, while a French woman is isolating at home in Paris. The hantavirus outbreak on an Atlantic cruise ship has now killed three people. Health authorities continue to monitor all close contacts. The passengers were repatriated from the cruise ship where the outbreak occurred.