• Publicly listed companies now hold over 966,000 ETH (\~\$3.5B), a massive jump from just 116,000 ETH at the end of 2024.
• ETH is gaining popularity over BTC due to staking rewards (3–4%) and its long-term growth outlook.
• Some CFOs remain cautious due to regulatory grey areas, especially around staking taxation and custody risks.
• This signals a growing trend: Ethereum as a corporate reserve asset is becoming real.
🌐 Indonesia Hikes Crypto Taxes, Shakes Up Market.
• As of August 1, Indonesia has raised crypto taxes:
• Domestic transactions**: 0.21% (was 0.1%)
• Foreign transactions**: 1% (was 0.2%)
• VAT on buying crypto is removed, but VAT on mining doubles to 2.2%.
• Special income taxes for miners eliminated; they’ll now be taxed under general income rules starting 2026.
• Local exchanges and firms call for clearer regulations and transition time.
🇬🇧 UK Falling Behind in the Crypto Innovation Race
• The former UK Chancellor warns that Britain is losing ground in crypto adoption due to slow regulatory progress.
• While the US, Singapore, and Hong Kong have moved fast with crypto rules and ETFs, the UK remains hesitant.
• UK investors still lack access to regulated Bitcoin ETFs, limiting retail involvement in digital assets.
• Calls are growing for stronger government action to avoid missing out on the global Web3 economy.
🔍 TL;DR
• 🟢 Ethereum is gaining traction as a treasury asset in the corporate world.
• 🟠 Indonesia’s tax overhaul could set a precedent for crypto tax policy globally.
• 🔴 UK risks falling behind without proactive crypto regulation.
#MarketRebound #CFTCCryptoSprint #BinanceHODLerPROVE #BinanceHODLerTOWNS
