Contributing Author
Luca Bennett publishes crypto insights and market analysis on CryptoDailyInk. Browse all 4 articles from this author archive.
Japan's House of Councillors has passed Cabinet Bill 57, moving regulated crypto activities under the Financial Instruments and Exchange Act (FIEA), a significant step towards institutional clarity. While a 20% tax on qualifying crypto gains is now legislated, its effective date, potentially as late as 2028, depends on
Swift has launched a pilot program enabling 17 major global banks to conduct 24/7 tokenized deposit transfers, a significant move towards modernizing interbank transactions. However, the ultimate settlement of these transfers still depends on traditional, slower financial infrastructure.
For the first time this cycle, Glassnode data reveals that more Bitcoin is now held at a loss than at a profit, a historical indicator of market capitulation and a potential turning point for BTC holders.
Liquidity is concentrating in larger lending and exchange venues as risk management takes priority over speculative yield.