Coinedition
South Korea to address the abolition of capital gains tax on Dec. 10. The Financial Supervisory Service backs policies for capital market growth. DPK prioritizes financial investment tax reform during the year-end session.
The success of spot BTC ETFs should shut down Bitcoin critics, said Ripple CEO. Garlinghouse said that US spot BTC ETFs raked in more assets faster than any ETF. US Spot BTC ETFs have total net assets worth $112.74 billion.
Utility coins like XLM and VET have registered significant gains recently. XLM surged 630% while VET gained 330% in the past few weeks. Proposed Fed adoption and retailers’ activity triggered a recent surge in utility tokens.
Ethereum saw a $7.79 billion increase in TVL over the past week, reinforcing its dominance in DeFi. Tron experienced a significant $900.23 million TVL boost, marking a strong recovery after a prior decline. Solana and other chains like Arbitrum and Avalanche also saw notable TVL growth.
The AI crypto sector surpasses a $44 billion market cap, showcasing immense growth potential. FET strategy predicts major gains, reaching $30 by September 2025. AR recorded the highest trading volume in November 2024, signaling strong investor interest.
Denmark to introduce a 42% tax on unused crypto gains, starting as early as 2026. The Danish tax will apply additionally to all crypto assets acquired since Bitcoin’s 2009 launch. Italy considers raising its Bitcoin capital gains tax from 26% to 42%, aligning with Denmark.
Bitcoin’s mining difficulty has surged 378% in three years, dominated by large companies. Stablecoin growth and regulation could drive Bitcoin’s adoption as a currency by 2030. Bitcoin’s volatility is expected to drop after the 2028 halving, boosting its use as cash.
Solana nears $175 with a 5% surge in prices in the past 24 hours. The TVL of the blockchain has skyrocketed to $6.54 billion. Over 83% of the SOL tokens are staked, highlighting investors’ bullish outlook.
A crypto user questioned the quality of data about FTX and FTT. The user noted a platform valued bankrupt FTX over existing publicly traded companies. Published data showed FTT remained 17.65% profitable.
