Japan plans to tax crypto profits at a flat 20% instead of rates as high as 55%. The regulator also aims to allow crypto ETFs and approve the country’s first yen-backed stablecoin.
AnaisSBI Group has teamed up with Chainlink to build tokenised funds, stablecoins, and cross-border payment systems in Japan. The deal uses Chainlink’s technology to move assets across blockchains and aims to expand into wider Asian markets.
AnaisA Philippine lawmaker has proposed that the central bank buy 2,000 bitcoins each year for five years, creating a national reserve of 10,000 coins. The plan aims to strengthen the country’s finances and provide a long-term store of value alongside traditional reserves like gold and foreign currency.
WeatherlyMalaysia’s YTL Group and Singapore’s Sea Limited have launched Ryt Bank, described as the world’s first AI-powered digital bank. It offers daily savings interest, PayLater credit, and cashback rewards, with deposits insured under Malaysia’s banking rules.
WeatherlyHong Kong has officially recognised stablecoins as legal payment tools rather than speculative assets. Authorities expect this will cut cross-border payment costs and require strict rules to ensure security and compliance.
AnaisElon Musk’s companies have sued Apple and OpenAI, claiming their deal to put ChatGPT on iPhones blocks rivals like xAI’s Grok. The case argues Apple and OpenAI are using their market power to limit competition in AI and smartphones.
WeatherlyThe UAE has built a Bitcoin reserve of around 6,300 BTC, worth up to $740 million, mainly through state-backed mining. This makes it one of the largest national holders, ranking just ahead of El Salvador.
AnaisFundstrat’s Tom Lee said Ethereum may have reached its lowest point “within hours” as the crypto market began to recover. He highlighted that ETH’s current setup offers a strong risk-to-reward scenario, with a potential rebound to $5,100–$5,450 if the trend holds.
WeatherlyAnimoca Brands and Ibex Japan have launched a fund to bring unused Japanese anime and manga IP onto the blockchain. The plan aims to turn dormant stories and characters into digital products for global audiences, backed by rising NFT market demand.
WeatherlyMetaMask has introduced a social login feature, letting users create and access wallets using Google or Apple accounts instead of a 12-word recovery phrase. The system keeps wallets secure with a unique password and local encryption, aiming to make crypto easier for new users while maintaining self-custody.
Anais