π Russia is establishing a comprehensive infrastructure for the realm of digital currencies, according to the Ministry of Finance. "By a full-fledged infrastructure, we mean clear rules of the game. This includes the ability to convert cryptocurrencies into fiat money, along with more active use of cryptocurrencies for transactions and investment purposes. We are gradually moving toward this goal," stated Ivan Chebeskov. For more details, visit the Ministry of Finance.
π Indiaβs Minister of Commerce and Industry, Piyush Goyal, has announced that the country will soon launch its own digital currency, supported by the Reserve Bank of India (RBI), to facilitate seamless transactions. This initiative aims to curb illegal transactions, as every digital transaction will now be verified through the system, Goyal stated.
π Billionaire trader Paul Tudor Jones believes the current market conditions are primed for a significant rally in US stocks, potentially surpassing the explosive growth seen in 1999, despite similarities to the Dotcom bubble era. Jones states that all the necessary ingredients are in place for this surge, suggesting a robust outlook for investors in the near future. For more details, visit here.
π Sam Altman announced that the number of active users of ChatGPT has surpassed 800 million weekly.
π·πΊ The Federal Tax Service (FTS) is seeking input from self-employed individuals on their preferred parameters for the professional income tax (PIT) regime. A survey has been made available in their personal accounts on the "My Tax" website. The FTS is asking self-employed individuals to specify a "fair" percentage of their income they are willing to pay as tax. The options range from 0% to over 20%, divided into 11 different responses. β Vedomosti
π Recent accidents at major copper mines have significantly increased the risk of a global shortage. Analysts predict a metal deficit of 50,000 to 300,000 tons by 2026 and anticipate a rise in Russian exports. Consequently, copper prices are reaching multi-month highs. Goldman has raised its copper forecast for 2026 to $10,500.
π E-Retail Week 2025, the annual international forum for e-commerce and retail, is set to take place in Moscow from October 7 to 8. The event will gather over 200 speakers and 5,000 experts, including representatives from federal and regional retail, marketplaces, leading industry business associations, consumer goods suppliers, consulting firms, market regulators, and the startup community. For more information, visit here.
π’πͺπΊ Gazprom reports that the situation regarding Europeβs winter preparations is worsening due to low levels of gas in underground storage facilities.
π Silo Pharma has announced the commencement of purchasing ResearchCoin (RSC) tokens for its balance. The move highlights the company's strategic interest in the cryptocurrency sector as it aims to enhance its financial portfolio. For more information on Silo Pharma, visit their official website.
β¨ The SPB Exchange is set to launch trading for Ethereum (ETH) futures in the coming days. This move marks a significant development in the Russian cryptocurrency market, aiming to enhance trading opportunities for investors. Keep an eye on the exchange for updates on this promising new offering.
π·πΊ The IT sector in Russia demonstrated a 15% year-on-year growth in sales volume in the first quarter of 2025, according to Shadaev.
β¨ Corporations and ETFs have already acquired 105 of the total supply of ETH, according to data from StrategicETHReserve.