The South African Revenue Service (SARS) released a draft of guidelines for cryptocurrency taxation on July 1, 2026, aiming to establish compliance rules for approximately 5.8 to 6 million South African cryptocurrency users. The public opinion period is until August 31, 2026. Cryptocurrency assets are classified as intangible assets, and tax obligations are triggered when disposing of assets. Operating or short-term trading profits are taxed at a rate of 18% to 45%, while long-term investment income is subject to capital gains tax at a rate of 18% to 36%. The exchange of cryptocurrency assets generates tax consequences based on market value. SARS has deployed the Crypto Revenue Augmentation Unit to track and audit digital wallets, and urged taxpayers to complete their declarations through a voluntary disclosure program. (Bitcoin.com News)
According to a document submitted by the Bank of Korea to the South Korean National Assembly, a single stock leveraged ETF targeting Samsung Electronics and SK Hynix has rapidly expanded. The market value of the two companies has increased from about 36.1% at the end of last year to over 55%, and their turnover has increased from 27.9% to 63.5%. The Bank of Korea has warned that this phenomenon has increased the structural risks and volatility of the South Korean stock market. The South Korean financial regulatory agency emphasizes the need to monitor the impact of related products on market stability and systemic risks. A single target leveraged ETF exacerbates one-way capital flow under changes in market sentiment, and amplifies price fluctuations when the market reverses through intraday rebalancing and derivative hedging mechanisms.
According to Onchain Lens monitoring, address 9oxDc sold 8.06 million ANSEMs for $974.81 about 17 days ago, with a market value of approximately $54000 to $134000 at the time. As the price of ANSEM rises, the current value of this batch of tokens is about 2.39 million US dollars, and the trader made a mistake by selling them too early, resulting in a potential profit of about 2.389 million US dollars.
According to Onchain Lens monitoring, a certain wstETH whale extracted 4942 ETH worth $8.83 million from Binance and immediately received 3990 wstETH through Lido staking. The whale also extracted 211.5 WBTCs worth $13.25 million from Binance in the past 24 hours, with a total withdrawal amount of $22.08 million.
According to EToday, the five major exchanges, Upbit, Bithumb, Coinone, Korbit, and Gopax, had a net increase of 49 new trading supports in the first half of this year after deducting the termination of trading support, a decrease of about 74% from the 191 in the same period last year.
OKB falls below the $80 mark
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