Crypto Asset Report™
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Comprehensive crypto reports, market intelligence, and deep analysis. Your premier destination for staying updated with the latest market trends.

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🇦🇪 The UAE has introduced new VAT rules for business-related crypto payments.

Companies must convert the value of the digital currency into dirhams for disclosure purposes in their tax return, following a three-step system.

Approved platforms include Binance, Bybit, Deribit, Bitget and Payward.
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BREAKING: 🇺🇸 White House agrees to major crypto ethics rules in a last-minute push to save the CLARITY Act.

Senate Republicans just released a revised 635-page CLARITY Act ahead of Tuesday’s critical vote.

Major changes: ⬇️
1. The new text includes Trump-backed ethics rules that would bar the president and other federal officials from issuing or sponsoring digital assets.

2. Stablecoin rules now include a "circuit breaker" allowing federal intervention if community banks face widespread deposit flight into stablecoins.

3. BRCA protections were narrowed, removing language that explicitly extended protections to certain criminal cases.

4. New restrictions target conflicts of interest and affiliate trading involving digital commodity exchanges, brokers and dealers.

Senate Republicans says this is their “last, best and final” CLARITY Act offer ahead of Tuesday’s critical cloture vote.
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🇺🇸BREAKING: U.S. stock markets will begin trading 23 hours a day, 5 days a week from December 6

The planned trading week will run from Sunday evening through Friday evening, with a one-hour daily maintenance break.

Nasdaq and NYSE Arca are among the venues preparing for expanded hours, while the regular 9:30 a.m. – 4 p.m. session remains unchanged.

The SEC is upgrading market infrastructure for 23/5 trading, with full 24/7 trading potentially coming later.

Brokers will decide which securities and overnight services customers can access, while thinner liquidity could mean wider spreads and greater volatility.
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📈 WBT HITS A NEW ALL-TIME HIGH - ~$87,91

Up more than 50x from its 2022 debut ($1.62) and +18% above the August record of $73

📊 Market cap ~$10.3B (#14), 24h volume ~$180M

🔥 The entire supply is unlocked, while the burn mechanism aims to reduce total supply to 200M WBT

WBT has been built over four years with no relaunch or tokenomics restructuring

⚠️ Not financial advice. Cryptocurrencies are volatile.
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ADOPTION: Bitwise CEO Hunter Horsley says crypto’s “final boss” is busy investors. 👀

Most people don’t want to spend hours learning wallets, custody and different chains.

Crypto gets a lot bigger when all of that just becomes easy.
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BREAKING: 🇺🇸 🚀 Scott Bessent may cut long-term bond sales or even stop 20-year bond auctions.

In simple words: The U.S. may issue fewer long-term bonds.

Bullish for Bitcoin as this could lower yields and BOOST risk assets.
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GLOBAL MARKETS IN RISK-OFF MODE 👀

BITCOIN DOWN $3,000 IN 15H

$165M LEVERAGE LONGS LIQUIDATED

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🇨🇳 China targets 2030 to complete a nationwide blockchain network

The country's 15th Five-Year Plan calls for blockchain adoption across trade, finance, manufacturing and agriculture, even as its ban on cryptocurrency trading and related activities remains in place
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The FBI has now officially named North Korea as the force behind the $6.3 BILLION Binance hack. 🙂

It links the attack to TraderTraitor, the same hacking group tied to the $1.5 BILLION Bybit exploit.

The FBI is urging crypto platforms to block the hackers’ wallets as they attempt to launder the stolen funds.

Binance says users won’t bear the losses and that 90% has already been covered.
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📊INSIGHT: Bitcoin’s last THREE cycle bottoms came shortly after the U.S. midterm elections.

2014 → 71 days later
2018 → 39 days later
2022 → 13 days later

The next U.S. midterm election is TOMORROW, November 3rd.

If the pattern repeats, late 2026 to early 2027 could be a window to watch for $BTC’s next cycle bottom.

Three examples make an interesting pattern, but they don’t prove elections drive the cycle.
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🇺🇸 US midterm election day is finally here.

All 435 House seats and 35 Senate seats are being contested, with control of Congress at stake.

The result could influence the policy outlook for crypto and broader markets.

But I’m not treating the election as a Bitcoin signal on its own.

I want to see how BTC reacts as results come in before drawing conclusions.
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🔥BULLISH: 7 Bitcoin mining stocks just added nearly $5 BILLION in a single day as $BTC climbs back near $78,000.

1. Riot: +18.4%

2. Cipher: +18.4%

3. Hut 8: +15.9%

4. TeraWulf: +14.5%

5. CleanSpark: +14.0%

6. MARA: +11.4%

7. IREN: +11.1%

Riot and Hut 8 both report earnings on Wednesday.
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🚨JUST IN: South Korea moves to DELAY its 22% crypto tax until 2029.

The government has confirmed plans to postpone the tax by another two years, pushing its introduction from January 2027 to 2029, subject to parliamentary approval.

If approved, this would mark the FOURTH postponement of the tax, originally scheduled to take effect in 2022.

The main concern? South Korea won't begin exchanging crypto transaction data with the US until 2029, raising fears that domestic exchange users could face an unfair tax burden compared with those trading overseas.

Under the current law, the 22% tax would apply to annual crypto profits exceeding 2.5 million won (around $1,900).
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Elon Musk is calling out Binance’s dominance of the crypto market, arguing its 80% market share is holding the industry back.

He says users moving funds to alternative exchanges could help restore competition and create the conditions for a bull run.

A debate over whether one exchange has too much influence over crypto. 👀
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🚨NEW: 🇪🇺The EU has launched a crypto task force to STOP digital assets from being used to evade sanctions on Russia.

The task force is initially set to run for 12 months, drawing on experts from Ukraine and the U.K.

The EU also announced a separate sanctions office to coordinate enforcement across member states.
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Michael Saylor's Strategy traded $1.93B today.

That’s higher trading volume than:

• Morgan Stanley ($295B mkt cap)

• Procter & Gamble ($390B mkt cap)

• Bank of America ($350B mkt cap)

$MSTR has officially reached the big leagues.
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🚨 Bitcoin falls to its lowest price since August, erasing nearly 3 months of gains.

Bitcoin dropped as low as $72,677 today, below where it closed on August 20.

It had climbed as high as $87,374 on September 21.

It is now down nearly 16% from that peak.

The drop came after US inflation came in hotter than expected.
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