Japan is preparing to overhaul how it taxes cryptocurrency gains, moving toward a flat 20% levy that would bring digital assets in line with equities and investment trusts, per Nikkei. The shift marks the country’s most significant policy update for the sector in years and reflects a growing view among regulators that crypto has matured […]
Ethereum ETH$4,820.41 hit a record price of $4,885 on Coinbase on Friday after a speech by Federal Reserve Chair Jerome Powell suggesting interest rate cuts left traders relieved going into the weekend. The token rose nearly 15% over the past 24 hours as part of a broader rally in financial markets. Nevertheless, ether’s rally stood […]
Shiba inu’s (SHIB) supply-side dynamics are screaming bullish, yet the second-largest joke cryptocurrency by market value trades under pressure. Early this week, SHIB’s burn rate surged to over 112,000%, with more than 116 million coins transferred to wallets that cannot spend money. In other words, these coins were permanently taken out of circulation. The daily […]
U.S. labor market growth continued to modestly slow in May, but not enough to force a rise in the unemployment rate. Nonfarm payrolls grew 139,000 last month, according to the a report Friday from the Bureau of Labor Statistics. Economist forecasts called for gains of 130,000 and April’s job growth was 147,000 (revised from an […]
DeFi savings protocol Sky posted a first-quarter loss of $5 million after interest payments to token holders more than doubled, according to a report created by Sky contributors from Steakhouse Financial. The loss is a stark turnaround from the previous quarter, when Sky, formerly known as MakerDAO, registered a $31 million profit. The reason for […]