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Share link:In this post: India’s tax authority, the CBDT, has asked crypto platforms for input on the country’s new VDA law. Key issues include the 30% flat tax on crypto gains, the 1% TDS on every transaction, the inability to offset losses, and banks’ reluctance to support crypto-related accounts. India is exploring a comprehensive law and global alignment under the OECD’s crypto-asset reporting framework.
Share link:In this post: • Digital ruble to bring Russia’s economy $3 billion annually. • Economic effect for Russian firms estimated at $600 million a year. • Analysts warn about losses for the country’s banking system and security risks.
Share link:In this post: Google increased its stake in TeraWulf from 8% to 14% with $3.2 billion in total backing. TeraWulf signed two 10-year AI compute deals with Fluidstack for over 360 MW capacity. The Fluidstack contracts are worth $6.7 billion and could rise to $16 billion with extensions.
Share link:In this post: Roger Ver was targeted in a failed $30 million scheme to secure a Trump pardon using fake political connections. Matt Argall and Brock Pierce pitched the deal, demanding $10 million upfront and $20 million after success. The White House denied knowing about the plan, and no payments were made, according to Ver’s lawyer.
- 22:12JPMorgan: Optimistic About Stripe's AI and Payment "Dual Revolution," with Potential Market Opportunities Exceeding $350 billionsJinse Finance reported that JPMorgan analysts stated that payment giant Stripe is leveraging AI-driven commerce and digital asset infrastructure to lay out a "dual revolution," potentially opening up market opportunities exceeding $350 billion before 2030. Stripe achieved profitability last year, with annual payment processing volume surpassing $1.4 trillion. Through the acquisitions of Bridge and Privy, as well as the launch of the Tempo blockchain, the company is deeply engaged in the stablecoin and crypto wallet business, laying the foundation for the integration of global payments for AI agent commerce and programmable money. However, analysts also cautioned that corporate expansion, business spin-offs, and regulatory risks still exist, especially regarding US stablecoin regulation and the European MiCA rules.
- 22:09The probability of a 25 basis point rate cut by the Federal Reserve in October reaches 98.3%.According to ChainCatcher, citing Golden Ten Data, CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in October is 98.3%, while the probability of keeping rates unchanged is 1.7%. In addition, the probability of a cumulative 50 basis point rate cut by December is 93.4%.
- 21:58Solana treasury company Solmate surges 40% in stock price, plans to build Solana validator nodes in the Middle East and pursue aggressive acquisition strategyJinse Finance reported that Nasdaq-listed Solmate Infrastructure (SLMT), a Solana treasury company, saw its stock price surge by 40% on Thursday, reaching a market capitalization of $754 million. The company has selected a data center to establish the first Solana validator node in the Middle East and is conducting configuration tests using SOL acquired at “historically low prices.” Meanwhile, Solmate announced it will implement an aggressive M&A strategy to explore opportunities within the Solana ecosystem. Last month, Solmate attracted $300 million in PIPE financing from investors such as Ark Invest and Pulsar Group, which will be used for infrastructure construction and expanding SOL holdings.