Precious metals are rallying once more, with silver stealing the highlight whereas gold regains its shine, and buyers are beginning to ask if cryptocurrencies may very well be subsequent. Key Takeaways: Silver has doubled this 12 months on rate-cut bets, a weaker greenback, and rising industrial demand. Bitcoin is down over 30% from its peak…
Japan is getting ready to overhaul its cryptocurrency tax guidelines by introducing a flat 20% levy on buying and selling positive aspects, a transfer that may place digital belongings on the identical footing as shares and different mainstream investments. Key Takeaways: Japan plans to tax crypto positive aspects at a flat 20%, matching the speed…
Sony Bank, the banking division of tech large Sony, is reportedly issuing its US dollar-pegged, GENIUS-regulated stablecoin for US clients as early as fiscal 2026, Nikkei reported Monday. The Group plans to roll out its 1:1 USD-pegged stablecoin for funds and settlement inside its gaming and anime enterprise. Until now, Sony clients have paid for…
HashKey Holdings Limited has handed a key regulatory hurdle on its manner to turning into a public firm. Key Takeaways: HashKey cleared the HKEX itemizing listening to, advancing into the ultimate levels of its Hong Kong IPO. The trade plans to use IPO proceeds to fund know-how upgrades, product rollout, and abroad progress. Despite narrowing…
Ripple Labs has obtained regulatory approval from Singapore’s central financial institution to widen the scope of its funds enterprise, strengthening the agency’s push to deepen its institutional footprint throughout Asia-Pacific. Key Takeaways: Ripple received approval from Singapore’s central financial institution to develop regulated cost providers for banks and corporates. The wider license permits Ripple to…
Grayscale is about to roll out the primary US spot exchange-traded fund tied to Chainlink as early as this week, in accordance to Nate Geraci, co-founder of ETF Institute. Key Takeaways: Grayscale plans to launch the primary US spot Chainlink ETF this week, changing its personal LINK belief right into a publicly traded fund. Bloomberg…
US Securities and Exchange Commission Commissioner Hester Peirce has renewed her protection of crypto self-custody, calling it a fundamental freedom and pushing again towards the rising concept that privateness in monetary transactions is one way or the other suspicious. Key Takeaways: Hester Peirce says crypto self-custody is a fundamental freedom and folks shouldn’t be compelled…
A brand new examine warns {that a} rising share of younger Americans is popping to cryptocurrency not as an ideological selection, however as a monetary gamble pushed by despair over housing prices. Key Takeaways: Young Americans are turning to crypto out of monetary desperation as housing turns into more and more unaffordable. Researchers say “discouraged…
South Korea’s largest cryptocurrency alternate, Upbit, stated it uncovered and repaired a severe flaw in its inside pockets system whereas investigating the latest $30 million theft from the platform. Key Takeaways: Upbit discovered and stuck a pockets flaw that would have uncovered personal keys, however has not confirmed it induced the $30M hack. The breach…
South Korea is making ready considered one of its most aggressive crackdowns on cryptocurrency-related monetary crime by increasing its journey rule necessities. Key Takeaways: South Korea will prolong its crypto Travel Rule to cowl sub-$700 transactions, closing a loophole used to evade identification checks. Exchanges shall be compelled to apply full KYC to small transfers…