According to recent data from Farside, the US Ethereum spot ETF experienced significant capital inflows, totaling $219.1 million during the week ending July 6. This influx underscores growing investor confidence
Toncoin has partnered with the UAE to launch a pioneering blockchain-based 10-year Golden Visa program, revolutionizing residency through cryptocurrency investment. Investors can secure residency by staking $100,000 in Toncoin via
A Canadian pharmacy manager is suing a telecom company and a trading platform after losing 12.58 bitcoins—now worth over $1.36 million—in a sophisticated SIM-swapping scam. Canadian Woman Blames Security Lapse by Telecom Employee for Crypto Loss Canadian woman Raelene Vandenbosch is embroiled in a multi-million dollar legal battle, alleging she lost 12.57969337 bitcoins, now valued
United Kingdom ministers have launched efforts to crack down on crypto traders who try to evade payment of taxes on their profits. Holders of digital assets like Bitcoin, Ethereum, or XRP are expected to pay tax on profits generated from trading the assets, a rule that has been in place for a while. Meanwhile, under the new rules , crypto traders will face fines of up to £300 if they fail to provide their personal details to the cryptocurrency service providers they use to make sure they are paying the right amounts to His Majesty’s Revenue and Customs (HMRC). The government expects that the new crypto tax rule, which is known as the Cryptoasset Reporting Framework and would take effect from January, to raise about £315 million by April 2030. Crypto tax evaders to face fines in the United Kingdom According to the new rules, any crypto service providers that also fail to provide accurate details about transaction and tax reference numbers are expected to also face fines. James Murray MP, Exchequer Secretary to the Treasury, talked about the new rules. “We’re going further and faster to crack down on tax dodgers as we close the tax gap. By ensuring everyone pays their fair share, the new crypto reporting rules will make sure tax dodgers have nowhere to hide, helping raise the revenue needed to fund our nurses, police, and other vital public services,” he said. The new rule comes after Rachel Reeves, Chancellor of the Exchequer, refused to rule out the possibility of tax increases after the United Kingdom government made a U-turn on welfare reforms. The Chancellor, whose tears in the Commons spooked the financial market, said she was not going to apologize for trying to make sure that the numbers add up. “But we do need to make sure that we’re telling a story and a Labour story. We did that well in the Budget and Spending Review, we increased taxes on the wealthiest and businesses,” she said. When asked whether she was prepared to rule out further tax rises, she said it was not going to happen, because it would be “irresponsible for a Chancellor to do that.” Crypto users criticize the new tax rules The new rules, which are expected to take effect in January 2026, will see crypto traders providing certain useful and identifying details to any service provider they use to buy, sell, transfer, or exchange digital assets. The information given to the service provider will ensure each trader’s details will be linked to their tax record, making it easier for the United Kingdom government to find out how much tax they need to pay. Users need to provide information like their full name, date of birth, address, and country where they stay (if they do not live in the United Kingdom). They are also required to present their tax identification number, and in the case of businesses, the legal business name and main business address. Crypto services required to collect this information include crypto exchange applications, online marketplaces where users buy and sell NFTs and services that manage crypto portfolios for users. The new rule has generated quite a buzz among crypto traders in the United Kingdom, with one user noting that it is a win-win for the government. “So you invest what savings you managed to save and buy crypto. If they make a profit, the government tax you but if you make a loss the government aren’t going to be interested, so it’s a win-win for the government,” the user said. Another user argued that they have paid tax on everything they used to set up their small-scale mining hardware, asking the need to pay tax on the profits from her business. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
Novogratz has urged investors to buy Bitcoin as Fed independence comes under threat
Bitcoin faces renewed pressure after failing to sustain gains above $109,000, signaling cautious sentiment among traders as key support levels come into focus. Market participants are closely monitoring the $100,000
The reactivation of a long-dormant Bitcoin whale, inactive for over 14 years, has captured significant attention in the crypto market. This entity is believed to have moved upwards of 80,000
Bitcoin’s recent options expiry saw a substantial $3 billion in volume, underscoring its significant influence on crypto market dynamics. Ethereum’s options expiry revealed a slightly bearish stance, reflecting nuanced trader
A new Bank of America (BofA) survey shows fund managers across the globe believe one asset class is poised to produce superior returns in the years ahead. BofA’s Global Fund Manager Survey, which polled 190 respondents overseeing $523 billion in wealth, finds that 54% of managers believe that international equities will be the best-performing asset class in the next five years, reports Investing.com. Meanwhile, 23% picked US equities, 13% had their eye on gold and 5% chose bonds. Looking closer at the equities market, BofA’s monthly survey shows that fund managers are increasing their allocation in eurozone and emerging market (EM) stocks while trimming positions in US names. Specifically, they are bullish on stocks trading in the energy and banking sectors as they move capital away from staples, utilities and healthcare. As for the US dollar, the fund managers are at their most underweight position in the American currency since 2005, as 35% say they have larger positions in other currencies. BofA chief investment strategist Michael Hartnett says, “[The] biggest summer pain trade is long the buck.” The poll also finds that “long gold” is still the most crowded trade, with 41% bullish on the precious metal. At the same time, optimism for the Magnificent 7 appears to be waning, with just 23% holding long positions. Based on the results of the June survey, BofA says the most contrarian trades include long US dollar, short gold; long US equities, short eurozone stocks and long consumer stocks, short banks. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Money Managers Controlling $523,000,000,000 Say One Asset Class Will Outperform US Stocks, Gold, and Bonds Over the Next Five Years, According to Bank of America Survey appeared first on The Daily Hodl .
A crypto whale may have temporarily panicked after yesterday's events and sold a large amount of Bitcoin. As is known, yesterday a cryptocurrency whale that had been sleeping since 2011 woke up and moved 80,000 BTC worth approximately $8 billion. A crypto whale, likely caught up in the wave of FUD from yesterday’s incident, moved 1,550 BTC, or approximately $167 million worth of assets, to cryptocurrency exchange Binance. However, despite the wave of FUD, Bitcoin price has increased by 0.11% since yesterday and is trading above $108,000 at the time of writing. Related News: The US Government's Chief Advisor on Cryptocurrencies, Bo Hines, Reveals His Big Prediction About Cryptocurrencies There is also speculation about the identity of the big whale, who has not sold yet and has simply moved his assets to another crypto wallet. Some low-level evidence suggests that this whale could be Roger Ver, a former BTC supporter and now the founder of another cryptocurrency called Bitcoin SV. Roger Ver is one of the early supporters of BTC, and it is thought that Ver may be preparing a deal with the IRS, the US tax authority, behind the movement of this amount of BTC. *This is not investment advice. Continue Reading: Huge BTC Whale That Panicked Over Yesterday’s FUD on Bitcoin Made Massive Trades Today