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BTC $78,592.21 -2.42%
ETH $2,214.67 -1.77%
BNB $661.04 -3.13%
XRP $1.42 -3.62%
SOL $88.03 -3.23%
TRX $0.3511 -0.55%
DOGE $0.1107 -3.29%
ADA $0.2562 -4.13%
BCH $422.39 -2.87%
LINK $9.88 -4.01%
HYPE $41.72 -8.48%
AAVE $89.80 -7.24%
SUI $1.06 -7.78%
XLM $0.1521 -4.78%
ZEC $501.45 -8.09%

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Analysis: Bhutan denies selling Bitcoin, on-chain data points to approximately $1 billion in suspected BTC outflows causing controversy

According to CoinDesk, on-chain analysis firm Arkham Data shows that over the past year, wallets associated with Bhutan have seen outflows of approximately $1 billion in Bitcoin, with funds flowing to multiple trading platforms and trading institutions, reducing their holdings from about 13,000 BTC to around 3,100 BTC.Arkham speculates that there may be ongoing selling behavior, and if the trend continues, the relevant addresses may be cleared of holdings before October 2026. However, Bhutan's sovereign fund Druk Holding and Investments (DHI) stated that "they do not recall any recent Bitcoin sales," did not respond to specific changes in on-chain addresses, and did not confirm the current holding size, only emphasizing that there are no additional comments.The report points out that some of the fund inflow paths are related to institutions such as Galaxy Digital and OKX, leading the market to interpret this as selling or over-the-counter trading behavior, but there are also possibilities of transfers into custody, collateralization, or structured trading that do not involve selling. Additionally, some trading institution personnel stated that there has been no clear selling recently.Furthermore, Bhutan's previous commitment to a reserve of 10,000 BTC for the "Gelephu Mindfulness City" project has also been questioned due to potential sell-offs. Currently, there is still significant disagreement regarding its actual holdings and mining operations.

YZi Labs announced the graduation project of EASY Residency Season 3, focusing on AI agents, RWA, prediction markets, and privacy compliance

YZi Labs announced the 25 graduation projects of its flagship incubation project EASY Residency for the third season, focusing on areas such as on-chain financial market structure reconstruction, AI agents, tokenization of real-world assets, prediction markets, and privacy compliance. The 25 projects include:Identity and payment infrastructure for AI agents on the BNB chain Bank of AI, litigation workflow legal evidence indexing tool Brief Tech, AI probability output verifiable reasoning platform Cournot, financialized social network and trading platform Dapital, programmable token issuance infrastructure Flap;On-chain marketplace for collectibles and intellectual property assets GEMINT, on-chain options and structured products platform LayerV, CEX-level on-chain liquidity platform LunarBase, multi-market agent capital acquisition platform L7, DeFi unified margin layer Möbius, permissionless margin trading protocol Nemesis;AI agent-driven automated financial decision execution layer Newsliquid, tokenized private market exposure DeFi platform Openstocks, on-chain poker skill game options market PokerFi, prediction market automation and intelligence infrastructure Polysights, physical collectibles RWA liquidity infrastructure Renaiss;Fixed-rate decentralized lending platform TermMax, compliance-oriented digital asset privacy infrastructure 0xBow, AI agent workflow self-custody authorization layer Functor, interest-free stablecoin new bank for the Muslim market Isaac, on-chain prime brokerage platform for the BNB chain MARGIN X;Frictionless stablecoin exchange N-dimensional AMM Orbswap, compliance-oriented cross-chain privacy exchange protocol SilentSwap, crypto market AI agent trading and automation infrastructure Taco AI, on-chain event-driven derivatives platform Vibe.fun.

Australia considers reforming capital gains tax, eliminating the 50% discount, which may increase the tax burden on cryptocurrency investments

Australia is considering significant reforms to its Capital Gains Tax (CGT) system, planning to replace the current 50% tax discount policy for long-term held assets with an "inflation-indexed" mechanism, covering investment categories such as cryptocurrencies and stocks. The current system allows individuals to be taxed only on 50% of the capital gains if they hold the asset for more than a year, a policy that has been in place since 1999.If the reform is implemented, investors will calculate their gains based on inflation-adjusted cost bases, which may lead to an increase in actual tax burdens during periods of rapid asset price increases. According to the proposal's logic, the new mechanism will only tax "real gains" (the portion after excluding the effects of inflation), but in a low-inflation environment, the indexed deduction may be lower than the current 50% discount, resulting in increased tax burdens for most investors. The impact on cryptocurrency investors is particularly pronounced.The current "hold to reduce tax" mechanism reinforces long-term holding (HODL) strategies, while the new proposal will weaken the advantage of time holding, significantly increasing the tax burden on unrealized gains during periods of high appreciation. The proposal is still in the discussion stage and is expected to face strong opposition from investor groups and the financial industry, with the focus of the controversy centered on the balance between capital formation efficiency and tax system fairness.
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