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forklog.media Russian Tax Bill on Cryptocurrency Passes First Reading

On June 9, the Russian State Duma approved in the first reading a bill on the taxation of cryptocurrency operations, reports TASS. The document aligns the Tax Code with the forthcoming law "On Digital Currency and Digital Rights." What Will Change The tax base for cryptocurrency transactions is proposed to be determined as the positive difference between income and documented expenses. The latter are planned to be calculated using the FIFO method. The bill also introduces the possibility of offsetting — balancing positive and negative financial results from operations with digital currency and foreign digital rights within a single tax period. Brokers, trust managers, and digital depositories will act as tax agents for PIT in such operations if they are the source of income payment to an individual. The State Duma Committee on Budget and Taxes suggested discussing the extension of these functions to exchanges for the second reading. For companies, income and expenses from operations with digital currency, excluding mining, under foreign trade agreements will be included in the general profit tax base. Foreign digital rights in this part are planned to be equated with cryptocurrencies. It is proposed to exempt the sale of non-deliverable foreign digital rights, which only certify monetary claims, from VAT. The exemption will also apply to the services of depositories and organizations conducting cryptocurrency exchanges. Periodic payments on debt DFA, not related to redemption, are proposed to be included in the profit tax base according to the rules for interest income on loans. For ruble-denominated debt DFA of Russian issuers traded on the organized market, a preferential rate is introduced similar to interest on bonds. Timeline The Russian government submitted the bill to the State Duma on April 29. If the document is finally adopted, it will come into force a month after official publication.  The rules for market valuation of cryptocurrencies for miners are set to take effect on January 1, 2028, and a separate regime for debt DFA on January 1, 2030. Previously, the November 2024 version of the tax law proposed a PIT rate of 13-15%, as well as a 25% profit tax for legal entities. The basic project "On Digital Currency and Digital Rights" was approved in the first reading on April 21, 2026. ForkLog provided an in-depth analysis of its provisions in a podcast.

blockonomi.com Raydium Legacy AMM V3 Exploited for $1.34M via LP Mint Flaw

TLDR: Raydium’s Legacy AMM V3 lost $1.34M via an LP mint validation flaw in deprecated pools.  Attacker bypassed proportion checks by creating a fake LP mint; no key compromise occurred. Five idle pools were drained; current mainnet programs and SDK remain fully unaffected. Raydium’s treasury will fully compensate victims while a mainnet security review is [...] The post Raydium Legacy AMM V3 Exploited for $1.34M via LP Mint Flaw appeared first on Blockonomi.

blockmanity.com Bitcoin Bearish Signals: Crypto Market Braces for Potential Drop Below Key Levels

Bitcoin Forms a Bearish Continuation Pattern Bitcoin closed down just over 2% on Tuesday. This move has created a on the daily chart. The pattern shows higher lows and lower highs. It forms a triangle shape after the recent price […] The post Bitcoin Bearish Signals: Crypto Market Braces for Potential Drop Below Key Levels appeared first on Blockmanity.

blockonomi.com BitGo Lands on Fortune 500 at No. 273 With $16.2B Revenue in Its First Year as a Public Company

TLDR: BitGo debuted on the 2026 Fortune 500 at No. 273, reporting $16.2 billion in 2025 revenue.  The company listed on NYSE in January 2026 as the first digital asset firm to go public that year.  BitGo’s OCC-approved national trust bank charter strengthens its regulatory standing for institutions.  BitGo serves over 5,500 clients across 100-plus [...] The post BitGo Lands on Fortune 500 at No. 273 With $16.2B Revenue in Its First Year as a Public Company appeared first on Blockonomi.

bitcoinist.com SpaceX’s $75 Billion IPO Looms Over Bitcoin— Is A Liquidity Drain Coming?

Bitcoin (BTC) and the wider cryptocurrency market could face additional selling pressure this week as Elon Musk’s SpaceX gears up for a $75 billion initial public offering (IPO), with the event expected to drain some of the liquidity that has supported the market’s leading crypto above $60,000.  Analysts Warn Crypto Could Feel The Hit According […]

news.bitcoin.com Cryptoquant: Whales ‘Quietly Bought’ the $60K Bitcoin Dip as Whale Ratio Hits 61.6%

Whales quietly scooped up bitcoin while retail investors panicked near the $60,000 mark, with Cryptoquant data showing the Exchange Whale Ratio spiking to 61.6% as large holders dominated buying. Whales Step In at $60,000 Whales quietly accumulated bitcoin while retail investors panicked near the $60,000 mark, according to crypto data intelligence firm Cryptoquant. The firm […]

blockonomi.com Ripple Launches XRPL AI Starter Kit to Power the Next Wave of Agentic Payments

TLDR: Ripple’s XRPL AI Starter Kit launches with MCP server support and two new Claude payment skills. X402 protocol integration lets AI agents pay for APIs and compute using XRP or RLUSD on day one. XRPL offers 3–5 second finality and fixed transaction costs, making it suited for agentic systems Built-in escrow, multi-signing, and trust [...] The post Ripple Launches XRPL AI Starter Kit to Power the Next Wave of Agentic Payments appeared first on Blockonomi.

bitcoinist.com Ripple’s XRP Ledger Records Over 20% Surge In This Metric That Puts It Against Bigger Players

Ripple’s XRP Ledger (XRPL) has recorded a massive 22% surge in stablecoin activity as new data reveals a sharp increase in liquidity over the past week. Analysts say this growth positions XRPL among the top blockchains, signaling rising adoption and capital inflows despite declines in its price action. Ripple’s XRP Ledger Stablecoin Supply Jumps 22% […]

cryptobriefing.com Mike Volpi: AI is reshaping software development costs, the importance of technical fluency in venture capital, and why brand reputation is crucial for attracting entrepreneurs | Uncapped with Jack Altman

AI's impact on software costs and venture strategies is reshaping the future of tech investments. The post Mike Volpi: AI is reshaping software development costs, the importance of technical fluency in venture capital, and why brand reputation is crucial for attracting entrepreneurs | Uncapped with Jack Altman appeared first on Crypto Briefing.

cryptobriefing.com Trump directs US military to safeguard oil tankers in Strait of Hormuz, and crypto markets are paying attention

The military's involvement in securing oil transit may stabilize energy markets, while potential crypto innovations could face regulatory challenges. The post Trump directs US military to safeguard oil tankers in Strait of Hormuz, and crypto markets are paying attention appeared first on Crypto Briefing.

cryptobriefing.com Bureau of Labor Statistics reports annual inflation at 4.2% in May, but crypto markets see a silver lining

The divergence between headline and core inflation may delay Fed rate hikes, potentially boosting risk assets like cryptocurrencies. The post Bureau of Labor Statistics reports annual inflation at 4.2% in May, but crypto markets see a silver lining appeared first on Crypto Briefing.

bitcoinmagazine.com Morgan Stanley’s Bitcoin Executive Says Education — Not Products — Is Wall Street’s Real Obstacle

Bitcoin Magazine Morgan Stanley’s Bitcoin Executive Says Education — Not Products — Is Wall Street’s Real Obstacle Morgan Stanley's Head of Digital Asset Strategy Amy Oldenburg says Bitcoin's biggest barrier to mainstream adoption is not product availability but investor and advisor education. This post Morgan Stanley’s Bitcoin Executive Says Education — Not Products — Is Wall Street’s Real Obstacle first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

cryptobriefing.com EPA administrator Lee Zeldin pushes case-by-case permitting for data centers as AI buildout accelerates

The shift to case-by-case permitting for data centers may expedite AI infrastructure growth but risks environmental standard dilution and legal challenges. The post EPA administrator Lee Zeldin pushes case-by-case permitting for data centers as AI buildout accelerates appeared first on Crypto Briefing.

cryptobriefing.com Independent musicians sue Google, claiming Lyria AI was trained on 44 million YouTube clips without consent

The lawsuit could redefine AI training practices, impacting tech firms reliant on user-generated content and sparking broader IP rights debates. The post Independent musicians sue Google, claiming Lyria AI was trained on 44 million YouTube clips without consent appeared first on Crypto Briefing.

blockonomi.com Ethereum Whales Hold Firm as Retail Retreats: What On-Chain Data Reveals

TLDR: Ethereum daily transactions fell 43% in a week, while average transfer value surged over 184% in the same period. ETH netflows remain deeply negative at -79,080 ETH, pointing to large volumes steadily leaving crypto exchanges. Binance stablecoin inflows rose 440% above the 30-day average, hitting +$34.4M as larger players build exposure. Ethereum has reversed [...] The post Ethereum Whales Hold Firm as Retail Retreats: What On-Chain Data Reveals appeared first on Blockonomi.

blockonomi.com Mastercard Agent Pay Adds Stablecoin Rails for Machines

TLDR: Mastercard Agent Pay gives AI agents governed payment rails for machine-speed, always-on digital transactions at a global scale now. More than 30 partners joined Mastercard Agent Pay, linking crypto firms, payment processors and cloud infrastructure tools today. Stablecoin payments add a crypto settlement layer for AI microtransactions, API access, compute, storage and digital services [...] The post Mastercard Agent Pay Adds Stablecoin Rails for Machines appeared first on Blockonomi.

news.bitcoin.com Japan’s 3 Biggest Banks Join Forces to Launch Yen Stablecoin by March 2027

Japan’s three largest banks announced plans Wednesday to jointly issue a yen-pegged stablecoin and begin live commercial transactions before March 2027, a direct move to build domestic digital payment rails as USD-denominated stablecoins hold an estimated 84% to 90% of the $300+ billion global market. Banks Sign MOU, Form Governance Council MUFG Bank, Mizuho Bank, […]

cryptobriefing.com Schalke returns to the Bundesliga after clinching 2. Bundesliga title with two matchdays to spare

Schalke's return to the Bundesliga revitalizes fan engagement and boosts league revenues, but sustaining top-flight status remains a critical challenge. The post Schalke returns to the Bundesliga after clinching 2. Bundesliga title with two matchdays to spare appeared first on Crypto Briefing.

blockonomi.com BlockDAG’s Bounded $0.03 Buyback Structure, Avalanche, and Ethereum: Identifying the Top Crypto Gainers for Predictable Returns

The current digital asset environment places a heavy premium on projects that offer clear exit strategies and predictable returns. Retail participants are growing tired of open ended roadmaps that fail to deliver tangible financial results. Speculators are actively moving capital away from highly volatile, unstructured tokens and seeking out highly curated opportunities. Determining the top [...] The post BlockDAG’s Bounded $0.03 Buyback Structure, Avalanche, and Ethereum: Identifying the Top Crypto Gainers for Predictable Returns appeared first on Blockonomi.

cryptobriefing.com Pedro Franceschi: CEOs must become chief AI officers, misconceptions about LLMs limit innovation, and reasoning models are pivotal for AI’s evolution | Y Combinator Startup Podcast

CEOs must embrace AI leadership to unlock transformative potential akin to the invention of electricity. The post Pedro Franceschi: CEOs must become chief AI officers, misconceptions about LLMs limit innovation, and reasoning models are pivotal for AI’s evolution | Y Combinator Startup Podcast appeared first on Crypto Briefing.

news.bitcoin.com Botanix Pulls Plug on Bitcoin L2 After 4 Years as Fee Income Falls Short

Bitcoin layer-two ( L2) network Botanix is winding down its operations after four years and has set a hard deadline of July 9, 2026, for users to withdraw their bitcoin and assets before remaining funds are permanently swept by the network’s federation. The Playbook Botanix Refused to Follow Bitcoin layer-two ( L2) network Botanix has […]

bitcoinist.com Cardano And $67.5 Million In Bitcoin, What Happened With 1,090 BTC?

Litigation expert Thomas Braziel has questioned the Cardano Foundation on the 1,090 BTC it allegedly received after its predecessor, the Isle of Man foundation, was dissolved. This is said to have occurred around the Cardano ICO, with 108,000 BTC said to have been raised around the ICO event.  Expert Questions Cardano Foundation Over 1,090 BTC […]