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Quick Take The Tokyo-listed firm plans to use the funds raised from bond sales to purchase more bitcoin. The company currently holds over 1,018 BTC.
Cardano’s $ADA rallies nearly 20%, testing the $0.726 level. Founder Charles Hoskinson hints at involvement in shaping U.S. crypto policies. Bitcoin’s positive momentum propels Cardano’s potential $2.48 breakout.
Bitcoin is expected to hit $100,000 by the end of the year, predicted an analyst. The analyst also stated that now is the correct time to trade crypto. A range of $80K-$84K is good for buying Bitcoin.
Polish presidential candidate Sławomir Mentzen promises to adopt Bitcoin reserve if he wins. The move resembles Donald Trump’s Bitcoin reserve strategy to uplift the US into a crypto capital. Countries like the US adopt Bitcoin as a national reserve to hedge against growing inflation.
Quick Take Analysts at Bernstein outlined the key catalysts for bitcoin to reach their cycle target of $200,000. Bitcoin is currently approaching fresh all-time highs — trading for around $92,000, according to The Block’s Bitcoin Price Page.
Quick Take Newly introduced amendments from the Russian government classify crypto income as property, with a maximum tax rate of 15%.
- 13:31Indian cryptocurrency holders face a 70% tax penalty for not disclosing earningsAccording to India's Finance Minister Nirmala Sitharaman in the 2025 federal budget announcement, cryptocurrency will be included in Section 158B of the Income Tax Act for reporting undisclosed income. The amendment allows for collective assessment of unreported cryptocurrency gains, giving it the same tax treatment as traditional assets such as currency, jewelry and gold bars. According to the new amendment, cryptocurrencies will fall under the definition of Virtual Digital Assets (VDA), with the new amendment stating: "Under existing definitions of virtual digital assets, crypto-assets have been defined in section 2(47A) of this law [...] Under section 285BAA of this law, reporting entities will be required to provide information on crypto-assets." As a signal to concerns from cryptocurrency holders, Indian authorities may impose up to a 70% tax penalty on previously undisclosed cryptocurrency profits. According to this document, this fine could apply for up to 48 months after relevant fiscal years where crypto earnings were not disclosed; it states that an additional income disclosed in updated Income Tax Return [ITR] forms should pay taxes and interest totaling 70%.
- 13:28Data: Bitcoin mining revenue in January was 1.4 billion US dollars, a decrease of 2.78% from the previous monthAccording to The Block data, Bitcoin mining revenue reached $1.4 billion in January 2025, a decrease of 2.78% compared to $1.44 billion in December 2024.
- 13:26Zhu Su: The more tokens are issued, the more irreplaceable Bitcoin becomesThe founder of Three Arrows Capital, Zhu Su, posted on social media saying that with thousands of tokens being issued every day, the irreplaceability of Bitcoin becomes even more clear.