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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.
- 09:18Data: A certain contract whale opened a 40x short position on 700 Bitcoin, with a liquidation price of $114,560.According to ChainCatcher, the high-risk contract whale address 0x2226 opened a 40x long position of 700 BTC (worth 82 million USD) 4 hours ago. He also holds a 20x long position of 120,000 SOL (worth 296 million USD). Liquidation prices: BTC: 114,560 USD; SOL: 231.35 USD.
- 08:58The address that rebuilt its ETH position after two years appears to have fully liquidated, earning a profit of $5.23 million in three months.According to ChainCatcher, market sources indicate that the address which rebuilt its ETH position after two years appears to have fully liquidated. Between July 28 and September 14, this address purchased 8,711.3 ETH at an average price of $3,876 (approximately $33.76 million), and eventually sold in two transactions, with the most recent being a deposit of 5,000 ETH two hours ago. If all holdings have been sold, the total profit amounts to $5.23 million, achieving a 15.5% return in less than three months.
- 08:30iZUMi Finance and Nasdaq-listed company CIMG jointly launch $20 million on-chain fund Upstarts FundChainCatcher news, multi-chain DeFi protocol iZUMi Finance announced the joint establishment of the Upstarts Fund with Nasdaq-listed company CIMG Inc., with a scale of 20 million USD. This fund aims to help traditional enterprises deploy capital into the digital asset sector through a compliant and transparent framework. The Upstarts Fund consists of three core segments: DeFi Liquidity Vault: Provides on-chain yields for listed company treasuries, deepens ecosystem liquidity, and accelerates DeFi application adoption; Premium Token Investment: Assists listed companies in institutional-level investment and allocation of high-quality digital assets; Tokenized Stock Trading Services: Promotes on-chain circulation of US stocks and tokenized stocks, further expanding the integration of traditional and digital assets. CIMG and iZUMi have already completed the first yield-generating Bitcoin DAT (Decentralized Asset Tokenization) product through this fund.