Japan reduces crypto taxes, hoping to awaken the "sleeping giant" of retail investors
The Japanese government plans to lower the tax on digital assets from a maximum of 55% to 20%, a move expected to attract more retail investors to the crypto market.
Previously, crypto in Japan faced high taxation and was classified as "other income," causing many investors to hesitate, resulting in low retail trading volumes and few large crypto companies developing in the country. However, with the new tax rate, crypto will be treated similarly to traditional financial assets, opening opportunities for crypto ETFs and encouraging more public participation in the market.
Experts believe Japan is a "sleeping giant" in the crypto industry due to its large population and economic scale, but has yet to fully tap its potential due to tax and legal barriers. Along with the tax reduction, regulations regarding crypto are becoming clearer and more stable, facilitating the development of new products like fiat-backed stablecoins, USDC lending services, and NFT applications for travel and famous IPs.
Large corporations like SBI, Sony, Sega, and Nomura are also actively participating, expanding services and collaborating with international partners, indicating a strong shift in the Japanese crypto market.
The tax reduction and expansion of service scale are expected to boost the Japanese crypto market's growth in the near future, attracting both individual and institutional investors. $BTC $POWER $RAVE
The number of active BTC addresses has hit a record low
The number of active Bitcoin addresses ($BTC ) has continued to decline sharply since April 2021 and is now approaching the lowest level of the cycle, contrary to the usual trend of a rising market. From a peak of 1.15 million active addresses, this number has now dropped to around 680,000, nearly halving. This difference indicates a significant change in the BTC market structure, possibly due to:
• Increased holding sentiment, causing many addresses to become inactive. • A large number of investors have shifted from on-chain trading to centralized options (such as exchanges) to access BTC. $PAXG $XAU
🇺🇸 Trump will interview a crypto-supporting candidate for the FED chair
🔔Tonight, December 17, Trump will interview Fed Governor Christopher Waller as part of the process to choose his successor to Powell.
Waller is among the 5 candidates for the Fed Chair position, alongside Kevin Warsh and Kevin Hassett – two names currently considered frontrunners. Last week, Trump interviewed Warsh.
✨ Notably, Waller is a supporter of crypto, particularly stablecoins and DeFi, and was nominated by Trump to the Fed back in 2020.
I wonder if they'll mention anything about Crypto tonight 😀 $BTC
The price of Cardano has sent a clear warning signal after two consecutive declines—0.25 USD has become the focal point ⠀ - The price of Cardano has experienced two significant declines over two months, indicating the potential to move towards the 0.25 USD level. - The buying leverage is thin around the 0.36 USD level, reducing the risk of liquidation even though the short positions remain large. - Long-term investors have cut spending by 99.6%, alleviating selling pressure even though prices remain weak. $ADA
Bitcoin exchange reserves hit a record low — but why hasn't the price increased? ⠀ - Bitcoin reserves on the exchange have hit a record low, but prices are still falling due to weak liquidity. - The flow between exchanges has decreased, leading to thin order books, making Bitcoin susceptible to selling pressure. - The influx of funds into Binance focuses liquidity, overshadowing accumulation signals from other exchanges in the market. $BTC $PTB $FORM
Scott Bessent criticizes congressional trading as bets on U.S. stocks reach record highs ⠀ - Scott Bessent calls for a ban on stock trading in Congress as lawmakers achieve profits far exceeding market indices. - Research shows that congressional leaders invest significantly better than the market, raising concerns about fairness as stock positions reach extreme levels. - Record high stock bets and tight oversight indicate that the market is at the late stage of the cycle, not the early expansion phase. $BTC $ETH $SOL
The prediction market is surpassing meme coins — Could this be the next big trend in crypto? ⠀ - The prediction market reached a trading volume of 9.5 billion USD in November. - Traders are shifting from trend-based assets to crypto platforms that emphasize results and utility. - Institutional participation is driving acceptance, but risks remain. $AVAAI $arc $PIPPIN
Whales lost $20.4 million when investing in AI agent tokens, down 88% ⠀ - Whales lost $20.4 million after AI agent tokens on Base fell nearly 89%. - $FAIR3 , $AIXBT and $NFTXBT led the decline, with many tokens crashing more than 90%. - The collapse has raised new concerns about the AI token frenzy and poor risk management.
The price of Bitcoin could drop 15% if this important support level is broken before the end of 2025 — Here's why ⠀ - The price of Bitcoin remains above 82,800 USD, a long-term cyclical milestone related to major trend changes - Long-term investors are increasing sales by over 130%, creating pressure around the important support area - If it drops below 82,800 USD, the risk of a further 15% decline exists, while 88,200 USD is needed for recovery $BTC $ETH $AVAAI
The price of Chainlink ($LINK ) has been slow to rise despite no outflow from the ETF: What could change this trend? ⠀ - The ETF for LINK recorded a net inflow of 54.69 million USD with no outflows, yet the $LINK token still decreased by 11% over the past month. - Whale wallets have added 263 million USD to $LINK since November, indicating increasing interest from institutions. - Analysts believe that tokenization, stablecoins, and the development of DeFi are the main growth drivers.
JPMorgan's movement with Ethereum faces a critical challenge on the chart — recovery or decline? ⠀ - Price $ETH dropped 11% since 10/12/2023 due to macro pressure and increased liquidation - JPMorgan's $100 million tokenized fund has not supported short-term prices for retail investors - $ETH needs to hold the 2,910 USD mark and recover to 3,240 USD to avoid a deep drop to 2,620 USD.
Trump's return has brought everything to the crypto market— except for a bull run
- Cryptocurrency will end 2025 at only 20% of the peak during Biden's time, despite Trump supporting pro-crypto policies. - Analysts debate whether structural sellers are holding prices down or if a major price surge is about to happen. - Bitcoin held by institutions remains stable while altcoins struggle in a fragmented market, dependent on attention. $BTC
The whale 0xFB3B always buys $ASTER at a high price and sells at a low price.
10 hours ago, he transferred 13.44 million $ASTER (equivalent to 13.04 million USD) that was withdrawn from Binance 6 days ago back to Binance, incurring an additional loss of 1.37 million USD.
His total loss on $ASTER has now exceeded 35.8 million USD.