South Africa’s tax authority has released a draft crypto tax guide aimed at clarifying reporting obligations for more than 6 million digital asset holders, marking a significant step in the country’s effort to bring crypto activity into the formal tax system. The South African Revenue Service published the Draft Guide to the Taxation of Crypto
The Ethereum Foundation has transferred 2,469 stETH to Argot Collective as the fourth-year installment of a five-year funding commitment supporting critical Ethereum infrastructure. The transfer, valued at about $4.34 million based on market prices cited in reports, was flagged by on-chain analyst EmberCN and later covered by multiple crypto news outlets. It follows Argot’s June
Binance has begun restricting trading services for users in France and other European markets after failing to secure a Markets in Crypto-Assets license before the European Union’s July 1 deadline, marking one of the most significant compliance setbacks for the world’s largest crypto exchange. The company told customers in France that its local entity could
The Miner Cycle Stress Composite, an on-chain indicator cited by CryptoQuant contributor gaah_im, has fallen to a new 2026 low and entered its “undervalued” range. The gauge combines the Puell Multiple, which compares current miner revenue with historical revenue trends, and an inverse miner capitulation measure designed to capture operational stress across the mining network.
Crypto ETF flow reporting paused on Friday, July 3, because U.S. equity markets were closed for the Independence Day holiday, leaving Thursday’s session as the latest available fund-flow snapshot for U.S.-listed Bitcoin, Ether and Solana exchange-traded products. The New York Stock Exchange and Nasdaq were closed on July 3, 2026, because Independence Day fell on
How Was Summer Finance Exploited? Summer Finance, a DeFi yield-optimization protocol also known as Summer.fi, has been exploited for $6 million, according to onchain analysts. The breach was first flagged early Monday by blockchain security firm Blockaid, with other security analysts later outlining how the attacker appeared to manipulate smart contract accounting inside Summer.fi’s Lazy
Why Did Strategy Sell Bitcoin? Strategy sold 3,588 BTC for approximately $216 million last week, marking a notable shift for the world’s largest corporate bitcoin holder as it used part of its crypto reserve to fund preferred stock distributions and rebuild its dollar liquidity buffer. The company said in an SEC filing that it sold
Why Did Draper Deny Moving Bitcoin? Billionaire investor and longtime Bitcoin bull Tim Draper denied moving his Bitcoin after blockchain analysts linked him to a large transfer of BTC to Coinbase Prime. “Haven’t touched my BTC,” Draper said Friday, adding that he still expects Bitcoin to reach $250,000 within one year. The denial followed a
Why Does Tokenization Depend on Policy Choices? Policy decisions on money, market infrastructure, and legal frameworks will determine whether tokenization strengthens or fragments the financial system as assets move onto shared digital ledgers, IMF Monetary and Capital Markets Director Tobias Adrian said. The issue is no longer limited to faster payments or programmable assets. Adrian
Why Did Law Enforcement Shift Its CLARITY Act Stance? The Major County Sheriffs of America has reportedly moved to a neutral position on the CLARITY Act after initially warning that parts of the bill could weaken illicit finance investigations tied to digital assets. In a Friday letter to Senate Banking Committee chair Tim Scott and