Here is what happened yesterday in the crypto market:
Brazil Imposes Flat Tax on Crypto Profits
Brazil has eliminated the tax exemption on cryptocurrency gains, instituting a flat 17.5% tax on all crypto profits for individuals. This new measure ends the previous exemption for smaller investors.
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Trump’s Crypto Venture Nets $57M
Donald Trump’s crypto-related activities, particularly through World Liberty Financial, generated $57.4 million in income for him last year, according to a recent filing.
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Shaq to Pay $1.8M in FTX Settlement
Shaquille O’Neal has agreed to pay $1.8 million to settle a class-action lawsuit from investors who lost money in the FTX collapse, due to his promotion of the exchange.
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Ether ETFs Experience First Outflow After Record Inflows
After a record 19-day streak of consecutive inflows, US-based spot Ether ETFs have recorded their first day of net outflows.
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Solana ETF Filings Submitted, Approval Unlikely Soon
Seven Solana ETF applicants have filed S-1 statements with the SEC. However, analysts suggest that approval is not expected in the immediate future.
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