Gate Cryptocurrency News and Market Analysis

Justin Sun, founder of Tron (TRX), stated he converted his entire net worth into cryptocurrency in 2012. Sun made the statement on a recent podcast, according to BlockBeats on Oct. 9. He described the decision as a "system upgrade" to adapt to changing times, not an attempt to make money. Sun

SK hynix will begin construction at its planned Gwangju Military Airport semiconductor site even if electricity and water supplies are delayed, Chairman Chey Tae-won said on Oct. 9. The decision stems from rapidly rising semiconductor demand that requires accelerated production capacity expansion. C

The Bank of Russia presented a concept for a commercial smart contract platform (CSCP) for use with the digital ruble, journalists from Vedomosti and Frank Media reported on June 19. The platform will allow participants in Russia’s financial market to create and deploy their own smart contracts, expanding businesses’ ability to develop transaction execution scenarios. The Bank of Russia will operate the platform, although it may later appoint a separate operator. Smart contracts will be placed i

Commodity Futures Trading Commission Chairman Michael Selig states that cryptocurrency innovation is returning to the United States as federal regulators develop new rules intended to strengthen the country's position in global digital-asset markets. Selig's assessment follows the CFTC's October 5 p

Netflix released the trailer for 'The Altruists' on October 8, introducing an eight-episode drama about Sam Bankman-Fried and Caroline Ellison ahead of its Nov. 19 debut. Anthony Boyle and Julia Garner portray the former FTX chief executive and Alameda Research leader in the series produced by

Swyftx's self-managed super fund customers pushed their crypto buy/sell ratio to a record 3.36 to 1 in the September quarter, according to the Australian exchange's Q3 2026 industry report. The ratio rose from 3.2 to 1 in the June quarter, with SMSF trading volume climbing 16% quarter-on-quarter

Marathon Holdings, a U.S. Bitcoin mining company, is estimated to have sold 996 Bitcoin worth $81.13 million, according to an Oct. 9 post by on-chain analytics firm Lookonchain on X. The transaction was identified through blockchain analysis, though Marathon has not publicly confirmed the sale. Mara

Indian crypto investors have a four-year window under Section 139(8A) of the Income Tax Act to correct Virtual Digital Asset (VDA) income reported incorrectly or omitted in prior tax returns through the Updated Return (ITR-U) mechanism. Crypto trading platform Mudrex and global crypto tax platform

As India awaits Budget 2026, the crypto community is hopeful for fairer Crypto Tax in India regulations. Experts and industry participants are widely expecting rationalisation and clarity rather than aggressive taxation, particularly as India transitions toward a more mature digital asset

On 17 June 2026, officers of the Enforcement Directorate descended on six premises across Bengaluru linked to five cryptocurrency payment companies in a Crypto Tax in India enforcement action. The alleged offence involved routing over ₹2,500 crore abroad through stablecoin transfers without RBI

India's Central Board of Direct Taxes (CBDT) has expanded Crypto Tax in India reporting requirements to include specified crypto assets, central bank digital currencies (CBDCs), and digital money products under updated FATCA and Common Reporting Standard (CRS) rules. The revised guidance, reported b

US Stock Market News: The S&P 500 climbed 0.6% on Tuesday to a record, topping its prior all-time high set in August (1:30 AM IST Wednesday, October 7, 2026). The Dow Jones Industrial Average added 0.5%, while the Nasdaq composite tacked 0.4% onto its own all-time high set the day before.

The Virtual Assets Regulatory Authority (VARA) announced a renewed focus on asset tokenisation, emphasizing its evolution beyond digital representation. VARA stated it is exploring how tokenised assets interact with existing systems to enhance real-world utility. The authority highlighted this

An upcoming Cabinet meeting has sparked speculation about potential changes to India's Crypto Tax framework, though the government has not confirmed any official tax reform. Currently, gains from Virtual Digital Asset (VDA) transfers are taxed at 30%, while a 1% TDS (Tax Deducted at Source) is

Michael Burry and Aswath Damodaran outlined contrasting approaches to AI investment on Thursday as major US stock indexes closed mixed. Burry said on Substack the Trump administration views AI investment and stocks as "the best things they have going" and will "pull out all the stops" to defend

In US Stock Market News, the Buffett indicator—which measures total U.S. stock market capitalization relative to domestic GDP—currently sits at 236%, essentially its highest level ever, suggesting U.S. stocks are extremely overvalued. This popular valuation metric is raising questions about

Crypto Tax in India offers no loss deduction benefit to investors, leaving Bitcoin buyers sitting on unrecoverable losses after the 33% crash. An Indian crypto investor who purchased one Bitcoin at its October 6, 2025 all-time high of $126,210.50 faces a paper loss of approximately Rs. 31 lakh, or 2

The Central Board of Direct Taxes (CBDT) on Friday notified amendments to the Income-tax Rules, expanding the financial account reporting framework with effect from January 1 to include crypto-assets, central bank digital currencies (CBDCs) and certain electronic money products, bringing Crypto Tax

Crypto Tax in India has become significantly more stringent, with the Income Tax Department enforcing stricter reporting obligations and penalties as the July 31 deadline approaches for Income Tax Return (ITR) filings. The Union Budget 2026 retains the Virtual Digital Asset tax structure

US Stock Market News on July 16, 2026 showed the Dow Jones Industrial Average gaining 150.91 points, or 0.29%, to 52,659.18, while the S&P 500 rose 28.83 points, or 0.38%, to 7,572.42. The Nasdaq Composite closed 162.22 points, or 0.62%, higher at 26,269.23 (4:00 PM ET / 1:30 AM IST on July 17).