🇰🇷🤔 South Korea to Begin Virtual Asset Taxation in January 2027
According to Edaily, the South Korean government plans to start taxing virtual assets in January 2027. The National Tax Service is coordinating with major virtual asset operators — Upbit, Bithumb, Coinone, Korbit, and Gopax — to develop detailed taxation measures. Gains exceeding KRW 2.5 million will be taxed at a total rate of 22%, which includes 20% income tax and 2% local income tax.
According to Edaily, the South Korean government plans to start taxing virtual assets in January 2027. The National Tax Service is coordinating with major virtual asset operators — Upbit, Bithumb, Coinone, Korbit, and Gopax — to develop detailed taxation measures. Gains exceeding KRW 2.5 million will be taxed at a total rate of 22%, which includes 20% income tax and 2% local income tax.
📊 Coinbase Launches Gold and Silver Perpetual Futures
Coinbase has launched gold (GOLD-PERP) and silver (SILVER-PERP) perpetual futures for eligible non-U.S. traders.
These USDC-settled products offer up to 25x leverage.
Additionally, Coinbase Derivatives is working with the CFTC to transition its regulated U.S. gold and silver futures to 24/7 trading, moving away from the traditional 23/5 schedule. #regulation
Coinbase has launched gold (GOLD-PERP) and silver (SILVER-PERP) perpetual futures for eligible non-U.S. traders.
These USDC-settled products offer up to 25x leverage.
Additionally, Coinbase Derivatives is working with the CFTC to transition its regulated U.S. gold and silver futures to 24/7 trading, moving away from the traditional 23/5 schedule. #regulation
🎁 USA - Initial Jobless Claims = 200,000 (expected 205,000 / prior 189,000)
USA - Continuing Jobless Claims = 1.766 million (expected 1.800 million / prior 1.785 million)
USA - Continuing Jobless Claims = 1.766 million (expected 1.800 million / prior 1.785 million)
🇭🇰🕵️ Kraken Parent Payward to Acquire Reap Technologies for $600 Million
According to Bloomberg, crypto exchange Kraken parent Payward Inc. has agreed to acquire Hong Kong-based Reap Technologies for $600 million. Reap specializes in stablecoin-based cross-border payments and business payment services, with many crypto-linked “U cards” using Reap as underlying infrastructure. In the transaction, Payward’s issued shares were valued at $20 billion. #stablecoin
According to Bloomberg, crypto exchange Kraken parent Payward Inc. has agreed to acquire Hong Kong-based Reap Technologies for $600 million. Reap specializes in stablecoin-based cross-border payments and business payment services, with many crypto-linked “U cards” using Reap as underlying infrastructure. In the transaction, Payward’s issued shares were valued at $20 billion. #stablecoin
🔮 Kalshi Raises $1 Billion, Valued at $22 Billion Post-Funding
According to The New York Times, prediction market platform Kalshi announced the completion of a $1 billion funding round led by Coatue Management, bringing its post-money valuation to $22 billion. This marks the company’s third funding round in the past seven months, with valuations roughly doubling in each round.
According to The New York Times, prediction market platform Kalshi announced the completion of a $1 billion funding round led by Coatue Management, bringing its post-money valuation to $22 billion. This marks the company’s third funding round in the past seven months, with valuations roughly doubling in each round.
🕵️ New addresses appearing on the XRP network have collapsed from 18,000 per day in December 2024 to 2,700 per day today, marking an 85% decline.
Monthly active supply reflects a similar trend, dropping from 7.45 billion XRP per day to approximately 2 billion XRP per day over the same period.
The speculative wave that drove XRP's late-2024 surge has largely unwound at the network level.
Monthly active supply reflects a similar trend, dropping from 7.45 billion XRP per day to approximately 2 billion XRP per day over the same period.
The speculative wave that drove XRP's late-2024 surge has largely unwound at the network level.
📝 $14 trillion BlackRock publishes report stating that adding bitcoin to your portfolio produces "compelling" results.
With #BTC's high volatility, "a little bitcoin can go a long way."
With #BTC's high volatility, "a little bitcoin can go a long way."
🏆 ZachXBT Accuses LAB Founder of Market Manipulation, Offers $10,000 Bounty
ZachXBT has accused LAB token founder Vova Sadkov of manipulating the market through CEXs while sharing philosophical content on X, which has harmed retail investors. After receiving no response from the team via direct message, he announced a $10,000 bounty for evidence of LAB-related market manipulation, including insider information from LAB’s market-making activities on Bitget spot, Bybit perps, Binance perps, and OKX perps, as well as identity clues of founder vsadkovv, including passport or ID.
ZachXBT has accused LAB token founder Vova Sadkov of manipulating the market through CEXs while sharing philosophical content on X, which has harmed retail investors. After receiving no response from the team via direct message, he announced a $10,000 bounty for evidence of LAB-related market manipulation, including insider information from LAB’s market-making activities on Bitget spot, Bybit perps, Binance perps, and OKX perps, as well as identity clues of founder vsadkovv, including passport or ID.