Author: NBTC
According to a statement by Deputy Finance Minister Chulaphan Amornvivat on X, Thailand’s cabinet has approved tax measures that will exempt personal income tax on capital gains from digital asset sales through SEC-regulated platforms. The tax relief will be effective from January 1, 2025, through December 31, 2030, as part of Thailand’s initiative to establish itself as a digital asset hub. “The Cabinet has approved tax measures proposed by the Ministry of Finance to promote Thailand as a Digital Asset Hub,” Amornvivat said, adding that the policy aims to boost the country’s crypto market, attract foreign investment, and stimulate domestic…
B3, a prominent exchange in Brazil, opened trading on futures contracts for Ethereum and Solana today. This represents the first step in a plan to offer several altcoin futures contracts. Additionally, B3 also tweaked its pre-existing Bitcoin futures contracts, making them cheaper to appeal to domestic retail investors. These altcoin offerings, on the other hand, cater to an international clientele. Brazil’s New Altcoin Futures Contracts B3 made headlines two months ago when it became the world’s first exchange to offer an XRP ETF. This development became possible thanks to regulatory developments in Brazil, a nation that has aimed to become…
Bitcoin (BTC) currently trades around $107K, showing resilience above the $105K support zone. After a brief dip from its May all-time high, and with renewed institutional inflows, the market is speculating: can BTC reclaim $111K this week? By TradingView – BTCUSD_2025-06-09 (5D) Bitcoin Price Prediction: Will BTC Reach $111K? 1. Post-ATH Consolidation Bitcoin reached a high of around $111,889 before correcting into the $105K–$108K range. This pullback is considered healthy and part of a broader bullish structure, suggesting the next breakout may be forming. 2. Institutional Momentum Builds Spot BTC ETFs continue to attract major inflows, led by large institutions.…
June 2 (Reuters) – Crypto firm Circle Internet said on Monday it was targeting a valuation of up to $7.2 billion on a fully diluted basis in its upsized initial public offering in the United States, underscoring growing momentum in the stablecoin market. The upsized IPO indicates strong investor appetite for crypto firms under U.S. President Donald Trump, who has not only promised friendlier regulations for the sector, but also has several crypto projects associated with him. New York-based stablecoin issuer Circle and some existing investors are now looking to raise up to $896 million from 32 million shares priced…
Pump.fun was quick to jump on the fallout of Donald Trump and Elon Musk over the claims of a bloated spending bill. The meme token platform offered Musk a chance to launch a new token and battle it out on the crypto market. Pump.fun called out to Elon Musk on Twitter, suggesting the launch of a new official meme token. The hypothetical new asset would battle it out with Official Trump (TRUMP) while the former partners split over disagreements on government spending. Pump.fun commented on the clash between Musk and Trump, suggesting the clash may rile up the trenches and…
A prominent legal expert has explained that the SEC vs. Ripple lawsuit is still relevant to a particular class of XRP investors. Despite the apparent wind-down of the U.S. Securities and Exchange Commission’s long-standing case against Ripple, Australian attorney Bill Morgan believes the matter still holds relevance for XRP investors, especially institutions. Are There Any More Legal Risks Around Trading XRP? His remarks came in response to a growing sentiment in the XRP community that the case is no longer significant. Notably, in the most recent update, Ripple and the SEC jointly asked the U.S. Court of Appeals for the…
The institutionalization of cryptocurrencies is accelerating rapidly. Crypto derivatives exchange Deribit’s on-demand liquidity tool, the Deribit Block Request-for-Quote (RFQ) interface, has registered a cumulative trading volume of over $23 billion in less than four months since its debut in early March. Deribit is a prominent derivatives exchange, offering the world’s largest options market for traders of bitcoin BTC$107,022.90, ether ETH$2,582.68, Solana SOL$153.57, and XRP XRP$2.24. It also offers futures and spot trading.The exchange introduced the block RFQ system in March, where participants (takers), typically institutions and high-volume traders, request pricing for a structure – a single instrument trade or a…
Analytics account on the X social media network, Lookonchain, has shared data about two recently awakened Ethereum wallets that had remained in hibernation for several years. Now that they are reactivated, they have begun selling their dormant ETH coins. Both these whales have sold a significant amount of Ethereum this week. Ethereum OG and ETH ICO whale return from dormancy Lookonchain has reported that this Ethereum OG continues to sell his ETH stash. Several hours ago, he sold first one ETH, as a test transfer, and then moved 500 ETH to be sold. This amount of Ethereum is worth an…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how the recent crypto ban in Bolivia, pertaining to the use of crypto for energy imports, could backfire in the future. Latam Insights Encore: Bolivia Excludes Crypto From Energy Settlements Let’s analyze the recent moves of the Bolivian government, which has developed a strategy that includes its largest state-owned oil company and cryptocurrency in a context of currency controls and dollar scarcity.. As a way of curbing stablecoin price speculation, President Luis Arce issued an executive…
XRP has experienced price volatility in the past 24 hours, with a decline pushing it to test the $2.15 support level. Amid this volatility, the recent XRP whale transfer could further threaten this critical support if bearish sentiment persists. XRP whale activity adds to bearish pressure According to the Whale Alert update on X, an unknown wallet made two similar transfers in quick succession to Coinbase, a U.S.-based crypto exchange. The XRP whale transferred 26,671,734 XRP in duplicate to the exchange. The value of both transfers in fiat stands at $117,789,302. This large movement from an unknown wallet suggests the…