This week, 'Deconstruction' is spotlighting the historic SpaceX IPO, new EU sanctions, and the tax project in the Russian Federation, stringent checks in the prediction market, the closed neural network Anthropic, a critical update for Zcash wallets, and the strategy for Bitcoin sales.
EU sanctions and the crypto tax project in the Russian Federation
The European Commission has rolled out the 21st sanctions package. For the first time, it includes direct restrictions for crypto platforms and a mechanism to block services from third countries. Transferring funds abroad will be as tricky as going through a bank: users will need to prove the legality of their operations or switch to non-custodial wallets.
Meanwhile, the first reading of the bill on the taxation of crypto operations passed in Russia. The document makes the use of stablecoins for business a reality — the company's accounting can legally deduct expenses for their purchase.
The main change is the mandatory collection of documents for tax payments. If an asset is purchased from a private individual without receipts and statements, the tax office will consider the entire sale amount as income and will tax the entire withdrawn volume. Users will have to carefully keep all transaction histories and receipts.
Two new AI models from Anthropic
Anthropic has released the flagship Fable 5 for long and complex tasks. During testing, the model managed to transfer a codebase of 50 million lines in one day, while the development team would have taken two months to do so. The second model - the closed flagship Mythos 5 - is available only to trusted partners. The cost of both models is the same.
The main difference between them lies in the protective filters. Fable redirects sensitive requests, while Mythos bypasses these filters. That's why the closed model excels at detecting cyber vulnerabilities and speeds up certain stages of drug development by about ten times.
IPO SpaceX and a sell-off in the crypto market
Investor demand for SpaceX's IPO exceeded $250 billion. Elon Musk's net worth reached $982 billion, bringing him closer to becoming a dollar trillionaire. Investors are selling off digital assets to buy Musk's shares. This liquidity outflow has caused a cash shortage in the crypto market and is one of the main reasons Bitcoin fell 37% from January's highs.
The indirect risk comes from SpaceX's reserves. The company holds over 18,000 BTC on its balance sheet. After the IPO, the board will decide their fate. If they decide to take profits and sell these assets to improve quarterly reports, it will create additional pressure on Bitcoin's price.
Insiders in the prediction markets
Prediction markets have grown into a serious financial instrument and have started facing criminal charges. A U.S. Army serviceman earned $410,000 by betting on the outcome of a secret operation he was involved in planning. In response, platforms are moving into a new environment with classic stock market rules.
The Kalshi platform has tightened its rules significantly. Each new market is assigned a risk score. If the score is high, the user is required to undergo employer verification. The platform checks access to closed information and may simply deny trading if necessary.
Zcash vulnerability and Ironwood update
In the secure pool of the Zcash network, an independent auditor discovered a critical vulnerability that allowed the creation of unlimited new coins. Hackers did not manage to exploit the bug, but the news caused the cryptocurrency to lose over 50% of its value. Developers temporarily disabled the vulnerable part of the blockchain and fixed the issue, after which the price recovered by 41.5%.
To close the security issue, developers have agreed on the Ironwood update in July. The old vulnerable pool will be completely isolated. Users need to update their software during this period; otherwise, any new transfers to old wallets will be automatically rejected by the network.
Bitcoin's drop and Strategy's debt risks
Bitcoin has lost 28% in a month. Analysts are naming different bottom levels — from $60,000 to $35,000. Pressure on the market comes from capital flowing into tech IPOs, the U.S. Treasury's withdrawal of crypto, and the actions of Strategy, which holds 845,000 BTC and has sold part of its reserves for the first time.
The real problem for Strategy lies in its obligations to retail investors. The company has preferred shares with a 11.5% annual dividend. There are about six months of payments on the balance sheet. In a falling market, the company has to choose: either cut dividends or sell Bitcoin. The structure only holds up on the constant growth of the asset's price.
#WorldNews2026 , #MarketTurbulence , #Сryptomarketnews
There can be a lot of news. The news can be quite diverse.
There are many changes in the economies of countries and politics, in high-tech, as well as in financial and crypto markets. But our subscribers have the chance to stay updated on all the major market changes!!!
The main thing is that now they don't need to monitor dozens of info and news sites themselves. Everything's already gathered in one feed.
Enjoy your viewing, everyone!