Only 240 crypto millionaires in the UK earned more than half of the taxable profits
An interesting picture related to crypto in the UK has been revealed for the first time through official statistics. According to the UK tax authority HMRC, a very large share of the big profits made from crypto in the country is held by only a few people. In the 2024-25 tax year, around 17,600 people reported the sale or disposal of crypto assets. Of these, only 240 individuals reported a profit of more than one million pounds. The total profit of these 240 individuals was approximately £717 million.
Pakistan’s New Crypto Regulatory System: A Major Step Using Only 8% of the Budget
Pakistan has taken a step in the crypto and digital assets sector that has drawn attention both domestically and globally. According to Minister of State and Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), Bilal bin Saqib, Pakistan developed and put into practice its new crypto regulatory framework in less than six months, using only 8% of the budget approved for this purpose.
U.S. Banks Prepare to Build Their Own Blockchain Network — What Does It Mean for the Crypto Market?
The traditional U.S. banking sector no longer views blockchain technology as just an experiment. According to recent developments, 39 state banking associations have come together to form the BankChain Alliance, representing roughly 3,283 U.S. banks. The combined assets of these banks are reported to be approximately $21.8 trillion.
Crypto Fraud Case: Las Vegas Businessman Faces Up to 280 Years in Prison
In the world of crypto, where new technologies and investment opportunities are emerging every day, fraud incidents are also posing a major risk for investors. A recent case coming out of the United States serves as a reminder of this danger. A federal jury has found Las Vegas businessman Brent C. Cowar guilty of defrauding approximately 24 million dollars from at least 400 investors through a crypto investment scheme.
The Surprising Rally of the Meme Coin CYBERLEEK Linked to GTA VI Leaks
In the crypto market, sometimes news emerges that isn’t only related to crypto, but also involves gaming, social media, and internet culture. CYBERLEEK’s recent story is also something like that. Linked to alleged GTA VI leaks, this Solana-based meme coin showed an extraordinary surge in a very short time. According to the report, in just 24 hours CYBERLEEK’s price rose by almost 35%, while over the past seven days its increase reached nearly 40,000%.
South Korea takes a major step toward crypto: Access for 3,500 companies
South Korea is once again rapidly advancing in the field of digital finance. The country has made progress on a program under which nearly 3,500 companies and professional investors will be able to enter the crypto market under specific conditions. This change is important because for several years in South Korea, local companies had not been able to directly buy and sell virtual assets through crypto exchanges. The real issue was related to banks’ real-name accounts, which made it almost impossible for companies to enter the crypto market.
Pakistan Could Save $400 Million Annually Through Stablecoins
Pakistan is considering the use of Stablecoins for Remittances—that is, the transfer of funds coming from abroad. The aim is not only to promote Crypto, but also to make money transfers cheaper, faster, and more transparent. According to the Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), Bilal bin Saqib, Pakistan receives approximately $4 billion in Remittances every year.
A look at X’s Stablecoin Payments: Paying Creators in USDC?
Social media platform X is considering a major change to its payments system for creators. According to reports, X is discussing using stablecoins—especially USDC—to pay content creators royalties and rewards. If this plan becomes real, the way creators receive payments could change quite a lot. Since stablecoins are tied to the U.S. dollar, they try to remain more stable in value than most other cryptocurrencies. That’s why they’re being used for faster and lower-cost payments.
The trader who made $49 million lost $24 million in 12 seconds
Sometimes in the crypto market, just a few seconds can change the entire story. This time, something similar happened with an experienced short-seller who first made a profit of around $49 million in the crypto market, but a short position in Ethereum wiped out the bulk of his gains in just 12 seconds. The wallet on Hyperliquid named “pension-usdt.eth” had been shorting Ethereum for almost two months. Its position was about 50,000 ETH. During this time, the trader made several successful short trades in the market and earned a significant profit.
🔥 Will Trump buy more Bitcoin? A big crypto decision in the USA!
The U.S. crypto market is back in the news. President Donald Trump urged the Senate to pass the Crypto CLARITY Act. On this occasion, Trump also hinted that if regulators provide suitable proposals, the U.S. government may consider buying more Bitcoin in the future. After meeting with key figures associated with the crypto industry in the White House, Trump said that the United States needs clear regulations to maintain its edge in the fields of Bitcoin, crypto, and new technology. According to him, the CLARITY Act could help keep the U.S. ahead of China and other countries.
How Meme Coins Are Made? The Real Story Behind the Bonding Curve
When you look at meme coins, it often seems like someone just came up with a funny image or a viral trend, people started buying the coin, and the price suddenly shot up. But in reality, it’s much more technical than that. These days, many meme coins get launched on platforms where a bonding curve sets the price. In simple terms, the more people buy the token, the higher the price keeps going. That means early buyers may get it at a lower price, while those who come later have to pay much higher prices.