Bitcoin’s price briefly rose above $109,000 early Monday, as tariff-related volatility fears eased. The Trump administration announced that tariffs would take effect on August 1, providing markets with much-needed breathing room. A key trend emerging amidst the current market conditions is the plunging funding rates. Market Mismatch In its latest analysis, CryptoQuant revealed that funding rates on Binance are steadily declining even as Bitcoin consolidates within the $100,000-$110,000 range, which means that traders are increasingly opening short positions despite the ongoing rally. The drop in funding rates indicates that many market participants are betting against the current uptrend because they potentially perceive the rally as an opportunity to sell rather than accumulate. However, CryptoQuant stated that this mismatch between price action and market sentiment is creating conditions for short pressure to build, with traders who are betting on a decline facing growing risks of liquidation or forced margin calls. As Bitcoin continues to trade around $109,000, these shorts are gradually squeezed out of the market, which adds additional upward momentum that could fuel a self-reinforcing price surge. Given that Binance remains the largest exchange by trading volume, its funding rates often serve as a proxy for broader market sentiment, which makes this trend significant for traders monitoring potential catalysts for continued price increases. Upside Breakout Potential Last week, two 14-year-old Bitcoin wallets moved 20,000 BTC worth $2.18 billion in rare transactions, which surprised on-chain watchers tracking dormant “Satoshi-era” coins. Despite speculation around potential sell-offs or institutional activity, the market remained unfazed, and BTC’s price held firm above $108,000 after the transfers. The stable price action suggested that traders viewed the movement as a neutral event rather than an immediate sell pressure trigger. Following the market’s composed response, the spotlight is now on whether Bitcoin can build momentum for its next move. Meanwhile, John Bollinger, the inventor of the widely used Bollinger Bands indicator, noted that the leading cryptocurrency looks to be “setting up for an upside breakout,” as it continues consolidating near its all-time highs. The post Traders Bet Against Bitcoin Rally as Funding Rates Slide on Binance appeared first on CryptoPotato .
Mai Gang, the pioneering investor behind Pop Mart, reveals his enduring belief in Bitcoin despite China’s strict cryptocurrency ban, underscoring Bitcoin’s unique role in global finance. Gang’s early adoption of
The post Crypto Tax India: Here’s What the New 18% GST Means for Traders appeared first on Coinpedia Fintech News India has never been a crypto-friendly country. While other Asian nations welcomed digital assets, New Delhi chose a restrictive path, and now, things are getting even tougher. India Crypto Tax Burden Just Got Heavier Crypto influencer Keyur Rohit (176K+ followers on X) revealed that starting July 7, 2025, Bybit will apply 18% Goods and Services Tax (GST) to all crypto-related services for Indian users. Attention Indian #Crypto Traders: MASSIVE TAX CHANGES INCOMING! Starting July 7, 2025, 18% GST will be added on top of the existing 30% tax and 1% TDS Here’s what it means for YOU A thread pic.twitter.com/MidvVnhPAc — Keyur Rohit (@CryptoKingKeyur) July 5, 2025 This makes India one of the highest-taxing nations in the crypto space globally. What Will Be Taxed Under the New Rule? According to Rohit, the 18% GST will apply to nearly all services on Bybit: Spot and futures trading Copy and bot trading Staking rewards Withdrawals Card payments Token swaps Yield earnings Deposits via card or bank Notably, crypto loans and the Bybit Card will be discontinued for Indian users. A Triple Tax Trap? Here’s how crypto is currently taxed in India: 30% tax on crypto profits 1% TDS on every sell transaction Now, 18% GST on all services (on Bybit) This combination could push Indian crypto users away from regulated platforms. [post_titles_links postid=”479052″] Will Indian Users Shift to DeFi? Rohit warns this move could discourage trading and encourage a shift to DeFi or peer-to-peer platforms, where: Privacy is higher Users avoid TDS on CEXs Tax compliance becomes more complex—but possibly less immediate The Bigger Picture While avoiding tax isn’t advisable, India’s crypto ecosystem urgently needs a fair and innovation-friendly tax framework. Over-taxing could drive users underground and slow the sector’s growth. As of July 7, India’s crypto tax burden becomes heavier than ever. While DeFi might offer temporary relief, long-term change can only come from balanced regulation that supports innovation without stifling users. [article_inside_subscriber_shortcode title=”Never Miss a Beat in the Crypto World!” description=”Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.” category_name=”News” category_id=”6″]
BitcoinWorld Russia Unveils Landmark Crypto Mining Registry: Boosting Tax Revenue and Control The world of cryptocurrency is constantly evolving, and with its rapid growth comes the inevitable push for greater regulation. Recently, a significant development emerged from Russia that could redefine the landscape for digital asset miners globally. The Russian Energy Ministry is reportedly taking a bold step by creating a national database of crypto mining equipment. This move isn’t just about tracking hardware; it’s a strategic initiative designed to tackle unauthorized activities and, crucially, to significantly increase the nation’s tax revenue from the burgeoning crypto sector. For anyone involved in Crypto Mining Russia , this is a development that demands close attention. What is the Russian Crypto Regulation Initiative All About? At its core, this new initiative by the Russian Energy Ministry aims to bring transparency and accountability to the country’s crypto mining industry. For years, crypto mining has operated in a somewhat gray area, with varying degrees of official recognition and oversight. This new registry seeks to formalize the industry by creating a comprehensive national database that will track every piece of mining hardware used across the country. Think of it as a centralized inventory system for all mining rigs, from small-scale home operations to large industrial farms. Centralized Data: The registry will collect data on the type, location, and operational status of mining equipment. Official Recognition: It signals a shift towards acknowledging crypto mining as a legitimate, albeit regulated, economic activity. Inter-agency Collaboration: This isn’t just an Energy Ministry project; it’s expected to involve collaboration with tax authorities, law enforcement, and other relevant government bodies. Long-term Vision: This move is part of a broader trend of countries seeking to integrate digital assets into their existing financial and regulatory frameworks. Why a National Mining Registry ? The Goals Behind Russia’s Move The decision to establish a national registry isn’t arbitrary. It’s driven by several key objectives that address both economic and regulatory challenges. Russia, with its abundant and relatively cheap energy resources, has become a significant hub for crypto mining. However, this growth has also presented challenges related to energy consumption, environmental impact, and illicit activities. The primary goals of implementing a National Mining Registry include: Goal Description Expected Outcome Curbing Unauthorized Activities Identifying and penalizing illegal mining operations that bypass regulations, steal electricity, or are used for illicit purposes. Reduced energy theft, improved grid stability, decreased criminal activity related to crypto. Increasing Tax Revenue Bringing mining operations into the formal economy, ensuring they contribute taxes on their profits. Significant boost to state coffers, funding for public services. Energy Grid Management Monitoring and managing the substantial energy consumption of mining farms to prevent overloads and ensure stable power supply. More efficient energy distribution, fewer power outages caused by unregulated mining. Economic Development Creating a stable and predictable environment for legitimate mining businesses, encouraging investment and job creation. Attraction of foreign investment, growth of local tech industries. Boosting Crypto Tax Revenue : A Key Driver One of the most compelling reasons for Russia to implement this registry is the immense potential for increased Crypto Tax Revenue . As the value of cryptocurrencies has soared, so too have the profits generated by mining operations. However, without a clear mechanism to track and tax these activities, a significant portion of this potential revenue has remained untapped. The registry provides the necessary framework for tax authorities to identify miners, assess their operations, and ensure compliance with tax laws. This could involve various forms of taxation: Income Tax: On the profits generated from selling mined cryptocurrencies. Energy Tariffs: Potentially differentiated electricity tariffs for mining operations, or taxes on energy consumption. Equipment Import Duties: Taxes on the import of specialized mining hardware. By bringing these operations into the light, Russia aims to create a new, substantial income stream for the state budget, mirroring efforts seen in other nations exploring digital asset taxation. The Challenge of Unauthorized Crypto Mining in Russia The existence of a significant volume of Unauthorized Crypto Mining has been a persistent headache for Russian authorities. These operations often tap into the national grid illegally, leading to energy theft, power fluctuations, and even blackouts in certain regions. Furthermore, unregistered mining activities make it difficult for law enforcement to track potential illicit uses of cryptocurrencies, such as money laundering or funding illegal activities. The registry is envisioned as a powerful tool to combat these issues. By requiring all equipment to be registered, authorities can: Identify Illegal Connections: Cross-reference registered equipment with energy consumption data to spot anomalies. Track Malicious Actors: Link unregistered equipment to individuals or organizations engaged in illegal activities. Enhance National Security: Gain better oversight over a sector that could potentially be exploited by bad actors. This crackdown is not just about revenue; it’s about establishing state control and ensuring the integrity of critical infrastructure. Impact on Crypto Mining Russia : What Miners Need to Know For miners operating in Russia, this new registry will undoubtedly bring significant changes. While it introduces new compliance requirements, it also offers a pathway to legitimacy and potentially a more stable operating environment. Miners will need to: Register Their Equipment: This is the fundamental requirement, ensuring their operations are officially recognized. Comply with Tax Laws: Prepare to pay taxes on their mining profits, potentially requiring detailed record-keeping. Adhere to Energy Regulations: Ensure their power consumption is within legal limits and they are paying appropriate tariffs. Potentially Benefit from Stability: Legitimate miners might see reduced risks from raids or sudden operational shutdowns, as they will be operating within a recognized framework. The transition may be challenging for some, especially those who have operated off-grid, but it represents a maturation of the industry within Russia. It could lead to a more professionalized and transparent mining sector. Broader Implications: What Does This Mean for Global Crypto? Russia’s move is not isolated. It’s part of a global trend where governments are increasingly grappling with how to regulate cryptocurrencies. Countries like the United States, Canada, and various European nations are also exploring or implementing their own regulatory frameworks for digital assets. Russia’s approach, particularly its focus on a national equipment registry, could serve as a blueprint or a cautionary tale for other nations considering similar measures. It highlights a growing recognition that crypto mining, as a significant energy consumer and economic activity, cannot remain entirely unregulated. This trend suggests that: Regulation is Inevitable: More countries will likely follow suit, introducing various forms of oversight. Energy Consumption is a Key Concern: Governments are keen to manage the environmental and grid impact of mining. Taxation is a Priority: States are looking for new revenue streams from the crypto economy. The Russian experience will be closely watched by policymakers and crypto enthusiasts worldwide. Navigating the New Landscape: Actionable Insights for Miners For current and prospective crypto miners in Russia, adapting to this new regulatory environment is crucial for long-term success. Here are some actionable insights: Proactive Compliance: Don’t wait for enforcement. Begin understanding the registration process and gather necessary documentation now. Professional Consultation: Seek advice from legal and tax professionals specializing in crypto to ensure full compliance. Energy Efficiency: Invest in more energy-efficient mining hardware and optimize operations to manage costs under potentially new energy tariffs. Location Strategy: Consider areas within Russia that are officially designated or encouraged for mining, which might offer more favorable conditions or support. Advocacy and Engagement: Where possible, engage with industry associations or participate in discussions to voice concerns and contribute to shaping fair regulations. Embracing these changes can turn a potential challenge into an opportunity for legitimate growth. Conclusion: A New Era for Russian Crypto Mining The establishment of a national registry for crypto mining equipment marks a pivotal moment for Crypto Mining Russia . It signifies a clear shift towards greater governmental oversight, aimed at increasing tax revenue, combating unauthorized activities, and ensuring energy stability. While it presents new challenges for miners in terms of compliance and operational adjustments, it also paves the way for a more formalized, transparent, and potentially stable industry. This bold move by Russia will undoubtedly set a precedent and provide valuable lessons for other nations grappling with the complexities of regulating the rapidly expanding world of digital assets. The future of crypto mining in Russia is set to be more integrated with the traditional economy than ever before. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption . This post Russia Unveils Landmark Crypto Mining Registry: Boosting Tax Revenue and Control first appeared on BitcoinWorld and is written by Editorial Team
Japan’s Nissan Motor is in private discussions with Taiwan’s Foxconn about letting the electronics giant use one of Nissan’s domestic factories to build electric vehicles. Two people familiar with the talks say the move could rescue the Oppama plant from being shut down. Back in May, it was reported that Nissan was weighing the closure of its Oppama factory in Yokosuka, south of Tokyo, as part of sweeping cost‑cutting measures under CEO Ivan Espinosa. The proposed deal avoids Nissan’s plant closure Facing tough market conditions, Espinosa plans to shutter seven of the company’s 17 global factories and trim the workforce by around 15%. Cancelling operations at Oppama would affect roughly 3,900 employees and dozens of local suppliers. According to the insiders, by inviting Foxconn to produce its own branded EVs on‑site, Nissan could keep the Oppama doors open. The Oppama plant is the cornerstone of Nissan’s manufacturing history and was the origins of its landmark Leaf EV, although the plant has been facing uncertainties amid the firm’s restructuring exercise. This arrangement would not only help Nissan avoid the substantial costs of mothballing the plant, estimated at over $1.2 billion in fixed expenses annually, but also preserve jobs and sustain the broader supply chain. Foxconn, in turn, would gain a ready‑made manufacturing hub with built‑in test tracks and logistics networks. The Japanese business daily Nikkei first broke news of these discussions late Sunday, though Nissan officially denied that its information formed the basis of the report. A spokesperson for Foxconn did not respond to requests for comment, leaving details of the potential agreement under wraps. However, a Kyodo News article on Monday indicated that Foxconn was considering a plan to acquire a portion of the Oppama plant. Foxconn deal falls under restructuring at Nissan In a separate development, Nissan confirmed that it intends to buy out stakes held by major investors Castlelake and Lind Invest, though it did not link this move directly to the Foxconn talks. Nissan insists these plans reflect its broader strategy to consolidate ownership and shore up finances amid restructuring. Earlier this year, Nissan’s junior alliance partner, Mitsubishi Motors , inked a memorandum of understanding with a Foxconn subsidiary. Under that deal, Foxconn will supply Mitsubishi with a new electric‑vehicle model. This prior collaboration hints at the Taiwanese firm’s growing footprint in automotive manufacturing, extending from supplying components to potentially running full‑scale assembly operations. Should Nissan and Foxconn reach an agreement, it could set an industry precedent. As legacy automakers grapple with shrinking EV margins, partnerships with vertically integrated manufacturers like Foxconn might deliver the cost efficiencies and production flexibility needed to stay competitive. For Foxconn, this could further consolidate its position as the world’s largest contract electronics manufacturer, currently the biggest assembler for Apple’s iPhones. The company recently surpassed analysts’ forecasts after recording second quarter revenue of T$1.797 trillion or about $55.2 billion, representing a 15.2% year-on-year increase. For the city of Yokosuka, it would mean safeguarding an iconic plant and the livelihoods tied to it, an outcome with significant regional economic implications. KEY Difference Wire helps crypto brands break through and dominate headlines fast
Bitcoin’s price is poised for a significant breakout, with technical indicators signaling a potential surge toward new all-time highs above $110,000. Multiple on-chain metrics and market patterns support a bullish
The post XRP Poised For Breakout, $4.60 in Sight, Says Veteran Trader appeared first on Coinpedia Fintech News Ripple’s XRP could be on the edge of a breakout that no one wants to miss. After holding steady near the $2.20 level, XRP has started to climb again, and some traders believe this might just be the beginning. Well-known crypto trader Captain Faibik now says XRP could double from here, with a bold price target of $4.60 if this rally picks up speed. XRP Bullish Triangle Targets $4.60 In his recent tweet post , Captain Faibik shared a clear chart showing XRP stuck inside a big triangle pattern. or months, the price has been bouncing between the top and bottom lines of this triangle, building up pressure for a big move. Now, according to Faibik, XRP is very close to breaking out, and if buyers push the price above the top line, it could rally fast. XRP recently climbed back above $2.22, following in the footsteps of Bitcoin and Ethereum. It even broke past the $2.23 level, showing strength. Faibik says the bulls look ready to win this time. If XRP can close strongly above that top line with good trading volume, he sees the next stop around $4.60, a big jump from where XRP is today. XRP ETF Approval Odds Surge XRP Hopes XRP has always been one of the most talked-about yet tough coins in crypto. Recently, news that Ripple’s lawsuit with the SEC may soon end has boosted hopes for a Spot XRP ETF. According to prediction platform Polymarket , the chances of approval by the U.S. SEC now stand at an impressive 95%. Captain Faibik believes this kind of bullish news could give XRP the push it needs to break through its strong resistance level and reach new highs. Another Decline, If Things Go Wrong Meanwhile, nothing is guaranteed in crypto. If XRP fails to break out, this triangle could turn into a trap for bulls, and the price might move sideways or even drop lower. The first support level on the downside is around $2, with stronger support sitting near $1.74.
Ethereum is poised for a significant resurgence as stablecoins gain momentum, driven by increased adoption and regulatory support, according to Fundstrat’s Tom Lee. Lee highlights the critical role of stablecoins,
UK-based pension consultancy firm Cartwright has announced that the country’s first Defined Benefit (DB) pension fund has returned 60% in one year after allocating 3% of its portfolio to Bitcoin. Cartwright stated that with this important development, other institutional customers have also started to show interest in Bitcoin. The firm advised an unnamed British pension fund on Bitcoin investment in November 2024. The firm’s senior investment advisor Arash Nasri said in a statement that the initial response in the industry had been “surprisingly positive.” Following these developments, Cartwright has now published its first “Annual Bitcoin Assessment Report.” The purpose of this report is described as increasing Bitcoin awareness among institutional investors. When asked whether the fund would increase its Bitcoin allocation in the future, Nasri said: “If Bitcoin continues to provide the returns we expect, our real question will be ‘when should we reduce it?’” It was learned that the firm has started talks with other clients about similar investments. However, Nasri said that pension funds need to fully understand Bitcoin and take steps with a long-term perspective. Stating that Cartwright has a neutral position in this process, Nasri said, “We are not a firm that manages investments. We are independent advisors and have built up a serious knowledge base to understand the potential impacts of Bitcoin on individuals, companies, asset owners and governments. “It is our duty to investors to raise awareness in this area,” he said. However, adding that there are still some skeptics in the sector, Nasri stated that the argument that “Bitcoin’s price is too volatile” is frequently voiced, but this approach is disappointing, and added, “Our sector should be experts in portfolio management and position sizing. “This reluctance to understand a new form of money and technology is very thought-provoking,” he said. *This is not investment advice. Continue Reading: Last Year, a Pension Fund Invested in Bitcoin for the First Time in the UK: Today They Announced the Profit Rate They Made!