4h ago
Japan advances bill to regulate crypto like stocks, with tax cuts and ETF pathway
Japan's lower house has passed a bill that would place cryptocurrencies under a stock-style regulatory framework, with the measure expected to be implemented next year if approved by the upper house. The proposal could treat assets such as Bitcoin and Ethereum as financial instruments, tighten trading rules, and potentially reduce the maximum tax rate on crypto gains from 55% toward about 20%. It may also support the launch of regulated products such as spot crypto ETFs.
4h ago
4h ago
Shanghai gold futures drop over 4% on June 11 as China's broader commodities rise
Shanghai Futures Exchange gold contracts fell more than 4% at the open on June 11, pulling silver lower even as many of China's energy and industrial futures moved higher. Spot gold slid to $4,022.09 per ounce before settling at $4,089.12 after short covering. Traders also priced in a greater than 70% chance of U.S. rate hikes in coming months, while Middle East supply risks helped lift oil-linked contracts.
BTC
BTC+1.75%
4h ago
4h ago
Injective Vulcan mainnet upgrade goes live on 09 June as INJ sees pullback
Injective said on 09 June that its Vulcan mainnet upgrade is now live, positioning it as a major update focused on perpetuals, stablecoins, and tokenization. INJ fell 2.01% on Tuesday and was down another 7.14% afterward, though it attempted a rebound in the hours before press time. Despite the post-upgrade sell-off, the analysis pointed to key support zones at $3.72, $4.50, and $5.04 while noting broader market weakness could keep risk elevated.
INJ
INJ+0.99%
4h ago