OFFICIAL: A 0.1% tax will be applied when transferring digital assets $BTC , $ETH ,...from July 1, 2026
According to the amended Personal Income Tax Law passed by the National Assembly on December 10, effective from July 1, 2026, the income from the transfer of digital assets has been added to the scope of personal income tax, with a tax rate of 0.1%.
This mechanism is similar to the mechanism currently applied in the stock market. The 0.1% transfer tax is based on the definition of Digital Assets that has been legalized in the Digital Technology Industry Law.
Vietnam has the Management Board for cryptocurrency trading assets
The board was established from a team of officials from various specialized units. The head of the board is Mr. Bùi Hoàng Hải - Deputy Chairman of the State Securities Commission, and the Deputy Head is Mr. Tô Trần Hòa - Deputy Head of the Securities Market Development Department.
The Management Board for cryptocurrency trading assets expresses its readiness to embark on the task, aiming to build a cryptocurrency market that operates stably, transparently, and safely, contributing to the development of the national digital economy. $BTC
SUMMARY OF CHAIRMAN POWELL'S REMARKS AT THE FED (11/12/2025)
- The risk of job losses has increased. Meanwhile, inflation remains relatively high. - Today's decision to lower interest rates received quite broad support. The difference among members lies in how to balance risks in the economy. - The Fed has only one tool and cannot do two things at once. - The Fed has not made any decisions regarding the January meeting yet. - The scale of the Fed's bond purchases may remain high in the coming months.🕊 - The fundamental outlook for next year is stable economic growth. GDP growth forecasts for 2026 have been revised upward. - Currently, no one on the board thinks the Fed will raise interest rates. The disagreement focuses on whether to pause and observe or to cut further.🕊
"No president has worked as hard as I do! Working both a lot and effectively!"👀
Mr. Trump has been flexing his achievements: - Ending eight wars - Creating the strongest economy in American history - Implementing a tax cut and deregulation package - Creating a glow that makes other nations respect America more than ever
He also has to continuously check his health as part of his responsibility to the country. $TRUMP
The SEC has finally approved a mixed crypto ETF with $LINK , $ADA , $SUI ,...
After a long delay, the Bitwise 10 Crypto Index (BITW) valued at $1.25 billion will be traded starting today on the NYSE Arca. BITW currently focuses on 10 types of crypto:
With a managed index basket structure similar to traditional commodity funds, BITW could attract more capital from big players who are still hesitant to hold tokens directly.
The Fed's situation ahead of the December interest rate decision
The Fed begins a 2-day meeting from now until just before the announcement (2 AM on 12/11). According to Nick Timiraos of the WSJ, up to half of the members may not support a rate cut.
However, the final decision still rests with Chairman Powell, who shows signs of leaning towards a cut despite facing an uncommon level of opposition:
- 5 out of 12 voting members have expressed that they do not see enough reason to lower rates. - 10 out of 19 Fed officials are in a similar situation, whereas only 1 opposed it back in October.
The scenario seen as the most feasible for Powell to reduce the number of dissenting votes: the Fed cuts by 25 basis points while signaling hawkishly that conditions for further easing will be more difficult.
After the T9 employment report, the question posed to the Fed is whether the labor market is slowing due to weak hiring demand (supporting a rate cut), or due to a shrinking labor supply from reduced immigration (not yet needing a rate cut)? $BTC #Fed
Abu Dhabi (UAE) gives the green light to major crypto players
The Abu Dhabi Global Market (ADGM) is actively licensing major crypto players, bolstering its ambition to become a global crypto hub:
1️⃣ Circle: licensed to operate as a Currency Service Provider, while appointing new leadership to expand in the Middle East & North Africa.
2️⃣ Tether: ADGM officially recognizes USDT as a valid fiat-token. Licensed entities can provide services with USDT across major networks: Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON.
3️⃣ Binance: received a full set of licenses to operate the platform through 3 legal entities: exchange - custody - clearing, while complying with ADGM's stringent supervisory standards. $BTC
American banking giants may face downgrades due to crypto
The international credit rating agency Fitch warns that it will downgrade banks JPMorgan, Bank of America, Citi,... if they delve too deeply into crypto.
Although issuing stablecoins or tokenizing deposits helps increase efficiency and revenue, Fitch emphasizes that it also poses many challenges such as price volatility, anonymity, and ensuring the safety of assets.
The organization is also concerned that the ballooning of stablecoins will impact the U.S. Treasury bond market and create systemic risks. Prior to Fitch, Moody’s also warned that USD stablecoins could reduce the effectiveness of monetary policy. $BTC
Tom Lee's Sadness: BitMine is currently in the hole of 3.1 billion USD with an investment of $ETH
Currently, the company holds a total of 3,864,951 $ETH with an average DCA price of $3,925.
Jack Yi, the founder of LD Capital, encourages: "BitMine is like Strategy in its early days, going through a painful process but with abundant capital, they will win big in the future."
BlackRock makes a big move by submitting an ETF registration $ETH for new staking to the SEC.
BlackRock previously wanted to add staking features to the existing ETF product $ETH (ETHA) but was delayed multiple times by the SEC. Now, they have filed for a completely new ETF focused on staking with the code ETHB.
There are already a few ETFs $ETH staking like Grayscale's ETHE and REX-Osprey's ESK, but they are just additional features for existing ETH funds.
If approved by the SEC, ETHB will join other very successful digital asset products from BlackRock like ETHA, IBIT, and provide an attractive option for investors.
BitMine continues to strongly accumulate 138,452 $ETH (~$430M) over the past week
This figure is nearly 3 times the average weekly purchase level of the previous month and raises the company's total holdings to more than 3.8 million $ETH (~$12.1B).
Tom Lee remains extremely bullish on Ethereum thanks to a series of positive signals recently, including the successful deployment of the Fusaka upgrade and macroeconomic expectations that the Fed is about to ease and prepare to adjust interest rates.
Have the long-time whales stopped dumping their holdings?
According to Coindesk, from July to November, the amount $BTC of long-term holders has decreased by over 440K $BTC (~$40B), hitting a bottom on November 21 when the price fell to $80K.
Currently, their amount $BTC is gradually stabilizing, while the price has rebounded to the range of $91K - $92K, indicating that most of the selling pressure has been absorbed.
Compared to the past, this cycle no longer sees the frenzy followed by massive dumping, but rather a slower and more even distribution process. Perhaps the behavior of holders is gradually changing, and the 4-year cycle pattern shows signs of being broken.
Strategy continues to acquire $962.7M adding another 10,624 $BTC at an average price of ~$90,615 / BTC.
For the second consecutive week, the company has added more Bitcoin to its reserves, bringing the total holdings to 660,624 BTC at an average purchase price of $74,696 / BTC.
This is the largest accumulation since the transaction of 13,390 $BTC on May 12.
Argentina is stirring to open the door for banks to participate in crypto
The Central Bank of Argentina is considering lifting the ban, allowing traditional financial institutions to provide crypto trading and custody services. The goal is to bring crypto flows into a regulated framework.
For many years, Argentina has always been among the top countries using crypto the most. The people of this country use $BTC and stablecoins to overcome the continuous depreciation of the local currency.
In the latest National Security Strategy, the Trump administration did not mention crypto and blockchain at all. Instead, the document only identifies the core interests of the United States around AI, biotechnology, and quantum computing.
This contrasts with the previous bullish statements of Mr. Trump: making America the crypto capital, not allowing China to overtake.
Nevertheless, it must be acknowledged that the Trump administration has implemented quite a few crypto-friendly policies this year: establishing a crypto task force, signing the GENIUS stablecoin act, and directing the SEC to relax market regulations. $BTC $TRUMP
🙈 Endgame: ZKsync will shut down ZKsync Lite in 2026
After more than 5 years of operation, ZKsync confirms the discontinuation of support for ZKsync Lite (ZKsync 1.0) to focus on ZK Stack and Prividiums (private chain serving enterprises).
The project emphasizes that the termination of Lite is planned and will not affect other systems that are currently operational.
Specific guidance will be provided next year. Currently, user assets on Lite remain safe and withdrawals to Layer 1 Ethereum are proceeding normally. $ZK
Earlier this month, Mr. Atkins also announced a new mechanism allowing crypto projects to experiment freely, no longer having to worry about strict legal barriers as before. $ETH
This year is so strange, AE...🙈 For the first time since 2011, gold has risen to the TOP1 performance among asset types, with a record increase of +60%.
On the contrary, $BTC also had the lowest performance for the first time in a year of uptrend, while other assets were increasing in price. Previously, this scenario only appeared in downtrend years like 2018 and 2022.
Let's forget the old year and start anew in the new year… $PAXG
The USPD stablecoin protocol was hacked, minting 98 million USPD illegally and stealing 232 stETH. Users who interacted with the USPD contract are advised to revoke immediately.
The team claims this is not a smart contract error. As usual, the project has reported to major CEX exchanges to assist in freezing assets, negotiating with the hacker to return 90%, keeping 10% as a reward, but the hacker has not responded... $ETH
CFTC allows crypto spot trading on regulated exchanges in the US
For the first time in history, spot crypto products are traded on CFTC-registered exchanges - platforms that are considered the standard for transparency and investor protection.
Bitnomial is the first entity to implement this, opening up the possibility for major names like CME, Cobe, and other reputable derivatives exchanges to participate in the near future.
This decision also marks an important step in the legalization of crypto in the US. Previously, users mainly traded on regular crypto exchanges, where oversight standards were inconsistent and risks were significantly higher. $BTC