Under the watchful eye of the Indian tax regime, crypto profits are subjected to a flat 30% tax, plus a 4% surcharge. And just when you thought it couldn’t get worse, every single crypto trade—regardless of whether you’re laughing or crying—is hit with a 1% TDS (Tax Deducted at Source). It’s like being asked to pay a toll on a road that leads to nowhere!
Now, hold onto your hats, folks! Out of this hefty sum, a cool ¥8 billion will be settled directly in Bitcoin. Yes, you heard that right! The remaining ¥3.5 billion, which they graciously received in yen (because who doesn’t love a good old-fashioned currency?), will also be converted into Bitcoin. It’s like trading your grandma’s secret recipe for a ticket to the moon! 🚀
According to Adam Kobeissi, the man with the magic numbers, $37 billion fled the US equity market in May, leaving behind nothing but dusty portfolios and a bitter aftertaste. This is the largest exit in at least a year, making those poor investors with “US equities” in their portfolios squirm with discomfort. Ah, the sweet taste of regret.
Launching a won-based stablecoin is not just a goal; it’s a beacon of hope in Lee’s campaign, setting him apart from the other crypto-friendly contenders who, let’s be honest, were more like shadows in the light of his brilliance.
So, Bitcoin (BTC) just had a wild ride, hitting a historical peak of almost $112,000 on May 22. But now it’s chilling at just over $107,000, which is still a 53% increase year-over-year. Not too shabby, right? 🎉
In a delightful chat on X (formerly known as Twitter, but who’s counting?), Ardoino responded to the curious crowd, quipping about the potential Tether IPO and tossing around a staggering $515 billion valuation like it was a piece of candy. “Why, that’s a beautiful number!” he exclaimed, as if he were admiring a particularly splendid cake. 🍰
Lo and behold! The SHIB DeFi toolkit has undergone a metamorphosis, a total upgrade, if you will, courtesy of the diligent developer team. It’s not just a mere sprucing up; no, this is a transformation that would make even the most stoic of engineers weep with joy.
Now, Ripple’s CEO, Brad Garlinghouse, has been dropping hints like they’re hot potatoes, suggesting they might go public by late 2025 or early 2026. But let’s not forget, this is the same company that’s been dodging IPO plans like they’re in a game of dodgeball with the SEC. Talk about a regulatory tango! 💃
As of Monday morning, XRP is chilling at around $2.24, down a modest 1.16%. Market vibes? Weak sauce, with bullish momentum waving goodbye like it’s got better things to do. Basically, everyone’s holding their breath — or their eyelids — waiting for the next big move.
As the news broke, Metaplanet’s shares soared like a kite in a spring breeze, climbing a remarkable 22% on a Monday morning that was likely as bright as the future they envision. According to the ever-watchful Bloomberg, this surge is but a reflection of the company’s tumultuous journey since it pivoted towards cryptocurrency in the early days of 2024. It seems they have taken a page from the playbook of MicroStrategy, that software behemoth led by the ever-enthusiastic Michael Saylor, who has amassed a fortune of over $60 billion in Bitcoin. One can only wonder if Saylor has a secret stash of lucky charms aiding his endeavors. 🍀
