The UAE’s Federal Tax Authority (FTA) has introduced a new framework for businesses that deal with digital currencies and VAT. For a long time, businesses conducting a taxable transaction involving cryptocurrency would simply report the crypto amount in their VAT return. However, now with the new tax framework, businesses are required to convert the value
Solana’s US ETF inflows fell about 97% in the week ending Sept. 4, leaving the funds with a small positive balance as Bitcoin’s allocation pace strengthened. A separate CME positioning report showed leveraged funds becoming less net short $SOL. Together, the readings distinguish two sources of market exposure: capital entering ETF products and changes in
Strategy Reaches the Top Four Strategy Inc. (Nasdaq: MSTR) joined some of America’s largest technology companies near the top of the equity capital market after issuing $20.9 billion this year, according to a chart CEO Phong Le posted Sept. 3 on X. The ranking reinforces the company’s goal of using bitcoin, digital credit, and equity
A Federal Reserve staff note published Sept. 4 sketches a route for regulated payment stablecoins to enter M1 or the broader M2 money supply. Its accounting framework requires adjustments before gross circulation could enter either measure. Payment stablecoins are excluded from the US monetary aggregates today. The new note makes future treatment depend on economic
Gold has always been the asset investors turn to when markets feel shaky, but this time it’s showing up somewhere unexpected: on blockchains. Tokenized gold trading has surged back into focus across crypto markets after a strong August rebound, with Tether Gold (XAUT) emerging as the clear leader of the pack. CoinGecko data shows XAUT
Robinhood Chain launched July 1 as an Arbitrum Orbit Layer-2 blockchain built around tokenized U.S. equities. Its Stock Tokens are issued by Robinhood Assets (Jersey) Limited and backed 1-to-1 by real shares held in custody. They provide economic exposure and dividends but no voting rights or beneficial ownership, and they are not offered to U.S.
While the August non-farm payrolls data from the US presented a strong picture in the headlines, analysts noted that when one-off effects are removed, the underlying growth in the job market remains much more limited. Non-farm employment increased by 162,000 in August, significantly exceeding the market expectation of 56,000. Data for previous months was also