Latvia Passes New Crypto Tax Law – Withdrawals Exceeding Deposits Will Trigger Taxation
The Latvian parliament has passed a comprehensive overhaul of its cryptocurrency tax laws, shifting the taxable event from individual trades to net withdrawals. The government is also preparing to accept direct crypto tax payments starting in 2027.
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Circle Defends USDC Economic Model Against Rival Networks
Circle is defending the economic structure of its USDC stablecoin as rival networks offer larger revenue cuts. Coinbase is now backing the competing Open USD network.
Polygon Acquires Coinme to Enter Payments Sector – Move Targets Visa and Stripe Revenue
Polygon Labs is acquiring Coinme to establish a direct presence in the mainstream payments industry and compete with traditional giants like Visa and Stripe. The acquisition aims to capture intermediary revenue and drive the company toward profitability by next year.
Life Time Faces 15% Correction – Q3 Earnings Must Deliver
Life Time recorded a 15% market correction, creating potential upside. Future market performance relies entirely on the upcoming Q3 earnings results.
Japan’s Megabanks Complete Yen Stablecoin Pilot – Real Transactions Targeted for 2026
Japan’s three megabanks have successfully completed a joint yen stablecoin pilot for cross-border payments. The institutions are now targeting real transactions for fiscal 2026.
AUSTRAC Suspends Cryptolink and Shuts Down 96 Crypto ATMs
AUSTRAC has suspended Cryptolink’s registration for three months, forcing 96 crypto ATMs in Australia offline over AML reporting failures. The move follows earlier compliance action in 2025.
Hedge Funds Turn Net Long on Bitcoin Futures Amid Weak Spot Demand
Hedge funds have shifted to a net long position in Bitcoin futures on the CME. However, US spot demand and overall futures open interest remain subdued.
Coinsbuy Reports $7.9M Crypto Hack, Transfers Temporarily Paused
Coinsbuy reportedly suffered a $7.9 million crypto theft across Ethereum and Tron wallets. The incident comes amid a rising number of hacks in 2026.
USDC and USDT Take 84% of Crypto Card Spending
USDC and USDT together account for 84% of crypto payment card volume. Euro-backed EURe has declined to about 2% as monthly spending reaches 759 million dollars.
European Stock ETFs Return to Inflows as Earnings Lift Markets
European stock ETFs recorded positive net flows in July, ending months of outflows. Strong earnings and record index levels supported renewed investor allocations.
BTCPay Server Exploit Leads to Stolen Funds From LND Users
BTCPay Server confirmed a critical vulnerability that allowed attackers to steal funds from users running outdated versions with LND. Operators are urged to update immediately.
US Sanctions Target Iranian Crypto Exchanges Over IRGC Links
The US Treasury sanctioned Iranian exchanges Shelbit and Aban Tether over alleged crypto transfers linked to the IRGC. The action extends existing financial sector restrictions.
Wirex BaaS Surpasses $2B Annualised Volume in 110 Days
Wirex BaaS has surpassed $2 billion in annualised onchain card spend within 110 days of hitting its first $1 billion milestone. The company reports rising stablecoin settlement and more than 70 partners since launch.
Deutsche Telekom to Operate SphereNet Validator for AI Payments
Deutsche Telekom will run a validator node for SphereNet from testnet through its planned 2027 mainnet launch. The network aims to embed compliance checks into AI-driven blockchain payments.
Bitget Signs Cooperation Deal in Bhutan for Licensed Presence
Bitget has signed a cooperation agreement with the Gelephu Mindfulness City Authority in Bhutan. The exchange plans to apply for a Financial Services Licence under the local regulatory framework.
PEPE Exchange Outflows Reach 2-Year High as Whale Holdings Grow
PEPE recorded its largest exchange outflow since November 2024, with 4.54 trillion tokens withdrawn. Large holders increased their positions over the same period.
Binance-Affiliated Firms Sue RedotPay Founders for $472.8 Million
Binance-affiliated companies are suing RedotPay’s founders for $472.8 million over disputed card top-ups and alleged user diversion. Parallel cases are under way in Hong Kong and Singapore.
