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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.
- 01:38Grayscale's Solana Trust ETF (GSOL) will begin trading on the New York Stock Exchange tomorrow.Jinse Finance reported that Grayscale's Solana Trust ETF (GSOL) will begin trading on an exchange tomorrow, becoming the second Solana ETF launched this week. It provides US stock investors with direct investment opportunities in SOL, including potential staking rewards.
- 01:29Data: Hyperliquid and BNB Chain's share of transaction fees among major Layer 1s rises to 40% and 20%Jinse Finance reported that this year, the fee structure generated by mainstream Layer 1 blockchains has undergone significant changes. At the beginning of the year, Solana accounted for more than 50% of the fees generated by mainstream Layer 1 blockchains, but now its share has dropped to only 9%. This decline is partly attributed to the fierce competition from Hyperliquid and BNB Chain. At the beginning of the year, the combined fees generated by Hyperliquid and BNB Chain accounted for about 10% of the total fees among mainstream Layer 1 blockchains. As of last week, their respective shares have exceeded 40% and 20%. This shift may be caused by multiple factors such as market demand, user preferences, and structural changes, all of which have had a significant impact on capital flows.
- 01:29WLFI: Plans to distribute 8.4 million WLFI tokens to USD1 Points Program participantsAccording to Jinse Finance, the official team of the Trump family crypto project WLFI stated that its CEX partner will distribute 8.4 million WLFI tokens to participants in the USD1 points program. The WLFI points program will continue to expand with USD1, including the launch of more ways to earn points, new trading pairs and use cases for USD1, upcoming DeFi integrations, as well as broader reward opportunities to promote the use and adoption of USD1.