Japan reclassifies crypto as a financial asset, paves way for tax cuts
Lawmakers said crypto has outgrown its role as a payment method and requires rules designed for investment products. Source：CoinDesk
Crypto steadies as Middle East tensions counter U.S. inflation report boost
Bitcoin held steady at a threeweek high as rising tensions between the U.S. and Iran reined in gains from Tuesday's softerthanexpected inflation numbers.…
Japan passes crypto overhaul to bring digital assets under financial rules
Japan’s revised Financial Instruments and Exchange Act introduces crypto insider trading rules, tougher penalties and new oversight requirements for crypto…
US freezes $131M in Iran-linked crypto as Middle East tensions rise
“US Treasury is committed to disrupting and degrading Iran’s illicit financial activities, including its abuse of digital assets,” US Treasury Secretary Scott…
Three US senators oppose CLARITY Act on ethics grounds with vote expected soon
Senate Majority Leader John Thune reportedly said the chamber will consider a vote on the crypto market structure bill before Aug. 10, though it’s unclear…
Some U.S. Senate Democrats come out against Clarity Act, calling it a 'corrupt' bill
Certain Democrats are taking an increasingly rigorous stand against the crypto market structure bill, which needs a significant number from their party to…
Binance bets on becoming a crypto 'super app' as stablecoins reshape growth
Shunyet Jan, Binance’s head of spot trading and derivatives, said the exchange is focusing more on payments and financial services than on trading alone as it…
UK government defers capital gains on certain crypto with ‘no gain, no loss’ approach
The change in tax policy, expected to impact about 700,000 people in the UK, was related to the disposal of crypto in lending and liquidity pools.…
Wikipedia blackout could hurt how AI engines like ChatGPT understand crypto
Wikipedia observes guidelines on crypto coverage that date back many years and may now be outdated, according to the report. Source：CoinDesk
Bitcoin steadies at $62,600 as South Koreans flee stocks rout for crypto
Bitcoin consolidated after Monday's selloff as Donald Trump threatened more Iran strikes, gold extended its slide and a KOSPI index meltdown sent South Korean…
White House crypto adviser Patrick Witt to report for military training: Report
Witt’s departure comes during a critical moment for the CLARITY Act, with deputy director Harry Jung expected to assume his responsibilities.…
Bitcoin slips as traders lift July Fed rate hike bets ahead of Inflation report
Major cryptocurrencies have dropped by 2% or more in 24 hours as traders boosted bets of a July Fed rate hike. Source：CoinDesk