Thailand’s cabinet has approved new tax measures that exempt personal income tax on capital gains from the sale of digital assets conducted through platforms regulated by the Securities and Exchange Commission (SEC). The exemption will be in effect from January 1, 2025, through December 31, 2030. Announced by Deputy Finance Minister Chulaphan Amornvivat on X, […]
Dollar Rises Modestly in Advance of Fed Meeting, Bank of Japan Keeps Monetary Policy Intact
The U.S. dollar edged higher early Tuesday as fragile risk sentiment continued to dominate markets amid sustained tensions between Israel and Iran. However, gains remained limited ahead of the Federal Reserve’s highly anticipated policy decision. As of 04:10 ET (08:10 GMT), the U.S. Dollar Index—tracking the greenback against a basket of six major currencies—was up […]
Charles Hoskinson Proposes Converting $100M in ADA to Bitcoin and Stablecoins to Boost Cardano DeFi
Charles Hoskinson, co-founder of Cardano, has proposed converting $100 million worth of ADA from the project’s treasury into a mix of stablecoins and Bitcoin to enhance liquidity and accelerate the growth of Cardano’s decentralized finance (DeFi) ecosystem. In a recent YouTube livestream, Hoskinson highlighted the network’s current imbalance between stablecoin supply and total value locked […]
Dollar Falls Before the Fed Meeting; the Euro Gains Momentum
The U.S. dollar edged lower on Monday as investors monitored developments in the Israel-Iran conflict and looked ahead to a packed week of central bank meetings, including the Federal Reserve’s highly anticipated decision. As of 04:15 ET (08:15 GMT), the U.S. Dollar Index—measuring the greenback against a basket of six major currencies—was down 0.2% at […]
Solana ETFs Could See Approval in 3–5 Weeks as SEC Signals Openness to Staking
The U.S. Securities and Exchange Commission (SEC) has requested that Solana ETF issuers submit amended S-1 filings within the next week, signaling progress in the review process, Blockworks reported Tuesday, citing three sources familiar with the matter. One source indicated that the requested revisions could accelerate approval timelines, with the first Solana ETF potentially gaining […]
Dollar declines ahead of CPI release; pound sterling looks to public spending review
The U.S. dollar edged lower on Wednesday, as traders awaited more clarity from ongoing trade negotiations between the U.S. and China and looked ahead to the release of crucial inflation figures. As of 04:35 ET (08:35 GMT), the Dollar Index — which measures the greenback against six major currencies — slipped 0.1% to 99.032. Trade […]
Dollar Appreciates on Optimism in Trade Negotiations, Pound Sterling Hit by Weak Employment Data
The U.S. dollar gained ground on Tuesday, driven by optimism that trade tensions between the United States and China—the world’s two largest economies—might be easing. Trade talks, which began in London, entered their second day as both delegations aimed to resolve a dispute that has expanded beyond tariffs to include restrictions on rare earth minerals. […]
Bitcoin Climbs as US-China Trade Talks Kick Off in London
Bitcoin rebounded Monday morning, rising from around $105,600 to $107,800 as investor attention turned to high-stakes US-China trade negotiations beginning in London. The cryptocurrency had recently surged to a record high near $112,000 before retreating to $101,000 amid a flurry of negative headlines, including stalled trade talks, renewed ETF outflows, and former President Trump’s threat […]
Dollar Declines Ahead of U.S.–China Negotiations, Euro Advances
The U.S. dollar fell on Monday, giving up some of Friday’s gains as optimism grew around upcoming trade discussions between the United States and China in London. As of 04:05 ET (08:05 GMT), the U.S. Dollar Index—which measures the greenback against a basket of six major currencies—was down 0.3% at 98.890. The dollar had previously […]
Bitcoin Miners Record Highest Profits Since 2024 Halving as BTC Hits New Highs
Bitcoin (BTC) miners enjoyed their most profitable month since the 2024 halving, with revenues surging in May as the cryptocurrency’s price reached new all-time highs above $111,000. According to data from The Block, Bitcoin miners generated $1.52 billion in revenue during May—a 29% increase from April’s $1.18 billion. Of that total, $20 million came from […]