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Share link:In this post: India’s tax authority, the CBDT, has asked crypto platforms for input on the country’s new VDA law. Key issues include the 30% flat tax on crypto gains, the 1% TDS on every transaction, the inability to offset losses, and banks’ reluctance to support crypto-related accounts. India is exploring a comprehensive law and global alignment under the OECD’s crypto-asset reporting framework.
Share link:In this post: • Digital ruble to bring Russia’s economy $3 billion annually. • Economic effect for Russian firms estimated at $600 million a year. • Analysts warn about losses for the country’s banking system and security risks.
Share link:In this post: Google increased its stake in TeraWulf from 8% to 14% with $3.2 billion in total backing. TeraWulf signed two 10-year AI compute deals with Fluidstack for over 360 MW capacity. The Fluidstack contracts are worth $6.7 billion and could rise to $16 billion with extensions.
Share link:In this post: Roger Ver was targeted in a failed $30 million scheme to secure a Trump pardon using fake political connections. Matt Argall and Brock Pierce pitched the deal, demanding $10 million upfront and $20 million after success. The White House denied knowing about the plan, and no payments were made, according to Ver’s lawyer.
- 02:11Publicly listed company SEGG Media plans to launch a $300 million digital asset program, initially focusing on Bitcoin.According to ChainCatcher, market sources report that Nasdaq-listed company SEGG Media plans to launch a $300 million digital asset program, with 80% of the funds allocated to a multi-asset cryptocurrency reserve. Bitcoin will be the initial focus of this reserve, providing a stable foundation, while other assets such as ETH, SOL, and ZIG will also be included to enhance returns through validator operations.
- 02:11Kalshi adds support for Base native USDC depositsJinse Finance reported, citing Crypto Briefing, that the prediction market platform Kalshi has announced the addition of native USDC deposit support on the Ethereum Layer 2 network Base. This integration extends Kalshi's blockchain deposit functionality to the Base network, further enriching the platform's cryptocurrency deposit options. Previously, Kalshi had already supported deposit functions on multiple networks such as Ethereum and Sui.
- 02:05Data: The total net inflow of US Solana spot ETF today is $37.33 million, marking the third consecutive day of net inflow.ChainCatcher news, according to SoSoValue data, as of October 30th Eastern Time, the total net inflow of US Solana spot ETFs reached $37.33 million. Bitwise Solana spot ETF BSOL had a single-day net inflow of $36.55 million, bringing BSOL’s historical total net inflow to $153 million. Grayscale Solana spot ETF GSOL had a single-day net inflow of $780,000, with GSOL’s historical total net inflow reaching $2.18 million. As of press time, the total net asset value of Solana spot ETFs is $440 million, and the Solana net asset ratio (the proportion of market value compared to Solana’s total market cap) is 0.44%. The historical cumulative net inflow has reached $155 million.