Indonesia to double crypto transaction taxes, scrap VAT for buyers starting August
Indonesia’s tax changes may boost government revenue but could deter foreign crypto platforms, impacting market dynamics and user costs. The post Indonesia to double crypto transaction taxes, scrap VAT for buyers starting August appeared first on Crypto Briefing....
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BTC Tentative, Dollar Index Hits 5-Week High as U.S. GDP Grew 3% in Second Quarter
Bitcoin (BTC) traded tentatively below $118,000 after better-than-expected U.S. growth data pushed the dollar index to a five-week high. The dollar index (DXY), which gauges the greenback’s value against major currencies, rose to 99.34, the highest since June 23, according to data source TradingView. The dollar found a bid...
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Donald Trump’s ‘Golden Age of Crypto’ Takes Shape With White House Working Group Report
Donald Trump’s cryptocurrency-friendly administration is set to usher in America’s “golden age of crypto,” quickly enabling digital asset trading at the federal level and also embracing decentralized finance (DeFi), according to a preview of a keenly-awaited report from the White House later today. Much of what is highlighted in...
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JPMorgan Teams With Coinbase to Let Users Buy Crypto With Bank Accounts, Points and Cards
Wall Street banking giant JPMorgan (JPM) is teaming with crypto exchange Coinbase (COIN) to roll out a series of integrations aimed at making it easier for the bank’s 80 million customers to buy crypto. The partnership will allow JPMorgan customers to directly connect their bank accounts to Coinbase, redeem...
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BONK Sinks 12% as Meme Token Sector Faces Heavy Sell-Off
BONK experienced a steep 12% drawdown over the last 24 hours, declining from $0.0000317 to $0.0000276, while the broader CoinDesk Memecoin Index fell more than 8%. The price action unfolded within a broad $0.0000045 range, an intraday volatility of over 16%, with coordinated selling around the $0.0000322 level, where...
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Ethereum’s Rally Driven By Fresh Inflows, Not A Rotation Out Of Bitcoin: Report
Ethereum (CRYPTO: ETH) has outperformed Bitcoin (CRYPTO: BTC) in July, rallying over 53% from $2,398 to $3,850. While some attributed this surge to capital rotating out of Bitcoin, on-chain data tells a different story. What Happened: CryptoQuant data shows that Bitcoin’s Realized Cap reached an all-time high of $1.018...
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SUI price drags despite booming TVL, can it catch up?
Momentum around the SUI token is cooling even as the broader ecosystem continues to thrive. According to DeFiLlama, Sui’s Total Value Locked (TVL) surged to $2.28 billion this week, its highest level on record. This marks an approximate 40% climb…...
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Bonk tests major support zone with bullish reversal on the table
Bonk’s price has pulled back from a recent swing high after rejecting at daily resistance, but a confluence of major support levels may offer a new opportunity for a bullish reversal. After an impulsive move from the value area low,…...
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Trump Pressures Powell to Cut Rates Again as US Economy Outperforms in Q2
The GPD report for the second quarter of the year in the United States is out and paints a more promising picture, registering an annualized rate of 3% in this period compared to last year’s. Immediately after the news went out, US President Donald Trump reiterated his stance that...
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Solana Fund Projections: Spot ETFs Could Draw Multi‑Billion Inflows In First Year Following Approval
Given the notable success of the Bitcoin and Ethereum Spot ETFs, there has been significant pressure from crypto leaders and asset management companies toward a Solana Spot ETF. Many believe that a SOL spot ETF is reasonable and could attract a similar success due to the fact that Solana...
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