
Japan passes law cutting crypto tax from 55% to 20%
Japan's parliament has finished its crypto overhaul: digital assets are now financial instruments, income tax drops to a flat 20%, and unregistered operators face up to 10 years in prison.

Japan's parliament has finished its crypto overhaul: digital assets are now financial instruments, income tax drops to a flat 20%, and unregistered operators face up to 10 years in prison.

The US Treasury froze four Tron wallets holding $131 million in USDT tied to Iran's central bank, part of the ongoing Operation Economic Fury as Middle East tensions escalate.

The US and UK Treasuries released a ten-point roadmap aligning rules for tokenized securities and stablecoins, backed by the SEC, CFTC, FCA and Bank of England.

Governor Kathy Hochul signed an order freezing new permits for a year for data centers of 50 megawatts or more, citing strain on the power grid and the risk of higher utility bills for residents.

The European Central Bank has picked 36 banks and payment firms — from Deutsche Bank to Revolut — for a year-long digital euro test, aiming to push dollar stablecoins out of European payments.

The Senate is back with roughly a month to pass the CLARITY Act, America's crypto market structure bill. Talks are stuck on ethics rules aimed straight at Trump's own crypto earnings.

On July 13, US authorities moved nearly $288 million in seized bitcoin and ether to Coinbase Prime, instantly fueling speculation about a possible sale of the strategic reserve.

The UK Treasury handed Rachel Reeves a 12-month plan to move repo, bonds and funds onto blockchain rails. BlackRock, JPMorgan, Coinbase and Ripple are on board, with up to £33 billion in annual gains at stake by 2035.

Fresh US strikes on Iran and renewed fighting over the Strait of Hormuz sent bitcoin lower and dragged Asian markets down with it. Oil jumped toward $80 a barrel.

Japanese giant SBI Holdings, long seen as Ripple's closest ally in Asia, has struck a strategic partnership with Solana Foundation and renamed its R3 venture SBI Solana Global.

Stablecoin market cap has fallen nearly $10 billion since May, with June the worst month since Terra-Luna's 2022 collapse. USDT and USDC took the biggest hits, but analysts say this is no reason to panic.

The US Justice Department is ending a seven-year prosecution of BitClub Network's alleged mastermind days before trial. His legal team had direct ties to Trump's circle.

Apple has sued OpenAI and two former employees, accusing them of systematically stealing hardware secrets — including a message where an ex-engineer joked about still having network access after he quit.

A Reuters scoop reveals Meta's internal memo: Iris, its first in-house AI accelerator, enters mass production in September. Designed with Broadcom, built at TSMC, targeting 14 GW of compute by 2027.

Fed Chair Kevin Warsh created five task forces to revamp monetary policy. Marc Andreessen of a16z will co-lead the AI productivity panel alongside Stanford economist Charles Jones and Microsoft's Asha Sharma.

Circle became the first stablecoin issuer with a US federal banking charter after the OCC approved Circle National Trust on July 10. USDC reserves ($73B) now fall under direct federal oversight. Shares surged 10%.

A $6.7 million crypto gift that brought down Nigel Farage prompted British MPs to seek a permanent ban. Labour's amendment to the Representation of the People Bill goes to a vote on July 14.

Paradigm raised $1.2 billion for its fourth fund, officially expanding from crypto into AI, robotics, and frontier tech — a clear sign of where the smartest crypto money is now heading.

OpenAI launched GPT-5.6 — three tiers: Sol tops Claude Mythos 5 on agentic coding benchmarks, Terra matches it at half the price. The release cleared a three-week US government review process.

Sony Bank secured conditional OCC approval to set up Connectia Trust, a $40M New York trust bank. The subsidiary will issue a dollar stablecoin for payments across Sony's gaming and entertainment ecosystem.