South Africa’s tax authority has released a draft crypto tax guide aimed at clarifying reporting obligations for more than 6 million digital asset holders, marking a significant step in the country’s effort to bring crypto activity into the formal tax system. The South African Revenue Service published the Draft Guide to the Taxation of Crypto
The Ethereum Foundation has transferred 2,469 stETH to Argot Collective as the fourth-year installment of a five-year funding commitment supporting critical Ethereum infrastructure. The transfer, valued at about $4.34 million based on market prices cited in reports, was flagged by on-chain analyst EmberCN and later covered by multiple crypto news outlets. It follows Argot’s June
Binance has begun restricting trading services for users in France and other European markets after failing to secure a Markets in Crypto-Assets license before the European Union’s July 1 deadline, marking one of the most significant compliance setbacks for the world’s largest crypto exchange. The company told customers in France that its local entity could
The Miner Cycle Stress Composite, an on-chain indicator cited by CryptoQuant contributor gaah_im, has fallen to a new 2026 low and entered its “undervalued” range. The gauge combines the Puell Multiple, which compares current miner revenue with historical revenue trends, and an inverse miner capitulation measure designed to capture operational stress across the mining network.
Crypto ETF flow reporting paused on Friday, July 3, because U.S. equity markets were closed for the Independence Day holiday, leaving Thursday’s session as the latest available fund-flow snapshot for U.S.-listed Bitcoin, Ether and Solana exchange-traded products. The New York Stock Exchange and Nasdaq were closed on July 3, 2026, because Independence Day fell on
How Was Summer Finance Exploited? Summer Finance, a DeFi yield-optimization protocol also known as Summer.fi, has been exploited for $6 million, according to onchain analysts. The breach was first flagged early Monday by blockchain security firm Blockaid, with other security analysts later outlining how the attacker appeared to manipulate smart contract accounting inside Summer.fi’s Lazy
Microsoft is preparing to cut thousands of jobs as early as next week, according to a Business Insider report, in another sign that Big Tech’s AI spending boom is coming with a human cost. The cuts are expected to affect less than 2.5% of Microsoft’s roughly 2,28,000 full-time employees. Xbox layoffs had already been widely
SpaceX stock (SPCX) fell sharply on Wednesday as investors continued to navigate volatile post-IPO trading. Shares of Elon Musk’s space and artificial intelligence company dropped more than 6% to $159.95 in early trading. The decline came amid broader weakness in technology and semiconductor stocks. The Nasdaq Composite fell 0.4%, while the S&P 500 slipped 0.1%.
Top Asian stocks in the memory industry retreated sharply today, July 2, as profit-taking gained steam. In Japan, Kioxia stock retreated to ¥75,160, down by 33% from its highest point this year. It has jumped by 555% this year. The same trend happened in South Korea, where SK Hynix gapped downwards, reaching a low of
Apple stock (NASDAQ: AAPL) remained in focus on Thursday after reports of an expanded iPhone launch cycle, setting up a familiar split screen for investors: a powerful company, but a stock that no longer looks cheap. The catalyst was a Nikkei Asia report that Apple is preparing at least five new iPhone models across the