Here are the news & crypto updates for today (July 6, 2025) 💹:
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🔍 Crypto News Summary – July 6, 2025
1. Solana surpasses Ethereum in dApp revenue
Solana recorded decentralized application (dApp) revenue of US$146 million in June 2025, surpassing Ethereum and BNB. This performance was driven by high transaction fees and sustained bullish momentum.
2. SharpLink Gaming holds nearly 200,000 ETH
SharpLink announced the use of Ethereum as a core asset in their treasury, with ownership of nearly 200,000 ETH staked to add value for shareholders.
3. Pros & cons of Bitcoin treasury companies
Bitcoin treasury companies have become a topic of debate: some see them as a bridge to traditional finance, while others view them as undermining the spirit of pure Bitcoin ownership.
4. BitMine venture fund: US$250 million for Bitcoin infrastructure
BitMine led a funding round of US$250 million, part of a total of US$466.6 million allocated to 15 Bitcoin infrastructure-related deals.
5. NFT sales volume up ~10%
NFT sales volume increased by approximately 10.44% to US$136.5 million, supported by rising prices of Bitcoin and Ethereum.
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🌎 Local Spotlight: Crypto Regulation in Indonesia
Crypto oversight has now shifted from Bappebti to OJK since January 10, 2025, through Government Regulation No. 49/2024 & OJK Regulation No. 27/2024. This marks crypto as a financial instrument, not a commodity.
Tax rules were enforced between January 1–6, 2025:
VAT of 0.11% for registered platforms and 0.22% for unregistered ones.
Mining is taxed up to 0.1%.
OJK has issued 19 licenses for digital financial asset (DFA) traders by March 2025 and is still processing an additional 11 licenses.
Local exchanges such as Indodax, Tokocrypto, Upbit Indonesia, Luno, and others have been registered with Bappebti and regulated by OJK.
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