240 Crypto Millionaires Booked Over Half of Britain's Taxable Crypto Gains

In briefHMRC said 240 people each declared more than £1 million in cryptoasset capital gains in the 2024-25 tax year, £717 million between them.Across all 17,600 individuals reporting crypto disposals, taxable gains came to £1.38 billion on £13.8 billion of proceeds.Exchanges must begin reporting customer data to the tax authority from 2027 under a new OECD framework.  Britains crypto gains are concentrated in very few hands, according to the first official figures HMRC has published on the sector.  Some 240 people declared more than £1 million each in cryptoasset capital gains during the 2024-25 tax year, the tax authority said Thursday, reporting £717 million between them. That group is fewer than 2% of the 17,600 individuals who declared crypto disposals, yet HMRCs statistical commentary credits it with over half of both the £1.38 billion in gains and the £13.8 billion in disposal proceeds.  Taxes are due on cryptoasset gains just like any other gains. ????  Through our targeted work on cryptoassets, including clear guidance and social media outreach, we helped taxpayers better understand their obligations which resulted in an additional £168 million of Capital Gains…  At the other end, 65% of crypto taxpayers reported gains under £25,000. Between them they accounted for 7% of gains

08-28انڈسٹری

Hyperliquid Strategies Reports $305.5 Million Net Income as PURR Stock Rises

TLDRHyperliquid Strategies raised $647 million in equity capital during its latest fiscal year.The companys HYPE token treasury grew to 29.3 million tokens by August 19, up from 12.5 million earlier in the year.Net income for the fiscal year ending June 30, 2026 came in at $305.5 million.The HYPE position was valued at about $1.9 billion by the end of June, with the token trading at $65.04.PURR shares rose almost 18% to $13.59 after the earnings report, pushing the companys market value close to $1.8 billion.  Hyperliquid Strategies raised $647 million in new equity capital during its latest fiscal year. The company used the funds to grow its holdings of HYPE, the token tied to the Hyperliquid trading platform.  The firms HYPE treasury grew to 29.3 million tokens by August 19. That is up from an initial 12.5 million tokens held earlier in the year.  By June 30, the HYPE position was worth about $1.9 billion. HYPE traded at $65.04 at that time.  Hyperliquid Strategies also reported $305.5 million in net income for the fiscal year ending June 30, 2026. The results were shared in the companys fiscal year report.  How the Profit Was Built  The companys income included $709.9 million in unrealized gains from HYPE. It

08-28انڈسٹری

CLARITY Act News: BlackRock Speaks on Bitcoin Regulation

In CLARITY Act news today, BlackRock head of digital assets Robert Mitchnick told CNBC on Wednesday that the CLARITY Act is less critical for Bitcoin than for the rest of the crypto market. He said Bitcoin had achieved a level of regulatory acceptance that most other digital assets had not.  His remarks came as US spot Bitcoin exchange-traded funds pulled in $232.1M on Wednesday, extending an eight-day inflow streak to $2.8Bn, according to CoinGlass.  Mitchnicks comments drew a distinction between Bitcoin and areas such as decentralized finance (DeFi) and other complex crypto categories. For those areas, he said, the regulatory picture remains unsettled.  BlackRock Sees a Bigger Bitcoin Catalyst Than The CLARITY Act  BlackRock digital assets head Robbie Mitchnick says Bitcoins $BTC long term case extends beyond the CLARITY Act.  He pointed to Americas $40 trillion debt and persistent fiscal deficits as bigger structural factors.  CLARITY Act News: Where the Bill Stands  H.R. 3633, the Digital Asset Market Clarity Act of 2025, passed the House of Representatives by a 294-134 vote on July 17, 2025, according to the congressional record.  The Senate Banking, Housing, and Urban Affairs Committee reported the measure with an amendment in the nature of a substitute on June 1, 2026. The Senate then received

08-28انڈسٹری

SUI Price Prediction: Longs Are Stacked and the Tape Is Lying — $0.79 Is the Only Number That Matters

Peter Zhang  Aug 28, 2026 08:24  SUI is coiled at $0.76 in a sub-1% range while whale accounts sit 75% long and taker sell volume outpaces buying by 40% — a clean break above $0.79 sends this to $0.83–$0.85, but failure here puts …  The Immediate Setup  SUI is doing absolutely nothing right now — and that‘s precisely what makes it worth watching. At $0.76, price spent the entire last 24 hours compressing into a $0.06 range on $68.7 million in Binance spot volume, printing a candle so flat it’s essentially a doji screaming indecision at full volume. The MACD histogram came in at a dead zero today, with the line and signal locked in a dead heat. When momentum flatlines this completely in mid-range, the market isn‘t resting — it’s loading. The RSI at 54 confirms neither camp has the wheel. Buyers showed up at $0.75 and defended it, but they couldnt push meaningfully higher. That asymmetry — holding the low, stalling at the high — is the entire story right now.  Whats keeping SUI structurally intact is the moving average cushion underneath. Price is sitting comfortably above both the 20-day ($0.73) and 50-day ($0.72) SMAs, which have functioned as reliable floors. But the

08-28انڈسٹری

PayPal (PYPL) Plunges 13% After Stripe-Advent Consortium Abandons Takeover Bid

Key TakeawaysPayPal shares plummeted more than 12% during premarket hours following news that Stripe and Advent International terminated their $60.50-per-share acquisition proposalThe buyout consortium‘s proposal placed PayPal’s value at approximately $53 billion, dramatically lower than its 2021 valuation high of roughly $360 billionPayPals leadership had dismissed the acquisition proposal as insufficient, with industry experts pointing out it represented under 9x free cash flowInvestment manager Thomas Hayes supported the boards rejection, arguing it maintained “meaningful upside” for current investorsUnder CEO Enrique Lores, PayPal has undergone restructuring into three divisions: checkout, Venmo, and payments and crypto, driving a comprehensive transformation strategy  Shares of PayPal (PYPL) plunged to approximately $53.20 during Friday‘s premarket session, falling sharply from Thursday’s closing price of $61.47, following Bloomberg News confirmation that Stripe and Advent International officially terminated their acquisition efforts.  PayPal Holdings, Inc., PYPL  The acquisition group had presented an offer of $60.50 per share during mid-July. This proposal placed PayPal‘s total valuation at around $53 billion. The company’s board of directors turned down the offer, characterizing it as insufficient.  The announcement triggered an overnight decline exceeding 12%, erasing the stock appreciation that accumulated following the initial takeover reports in July.  Discover more  Selecting An Online Payment Gateway  Comparing High-Yield Savings Accounts  Choosing An Online

08-28انڈسٹری

UK crypto gains hit £1.38B as 240 investors report over £1M each

HM Revenue and Customs has recorded 240 UK taxpayers with more than £1 million ($1.36 million) each in crypto capital gains during the 2024-25 tax year, as the agency prepares to receive more investor data from exchanges under international reporting rules.  According to HMRC statistics published on Aug. 27, 17,600 individuals reported crypto disposals subject to Capital Gains Tax during the period, generating £13.8 billion ($18.76 billion) in disposal proceeds and £1.38 billion ($1.87 billion) in gains.  The 240 taxpayers at the top of the group accounted for £717 million ($974 million) of the gains reported to the agency. Across all individuals who declared taxable crypto disposals, the average gain stood at £78,000 ($106,000).  HMRC published the figures as part of its annual Capital Gains Tax statistics, providing its first dedicated dataset for cryptoasset gains after changing how taxpayers report such transactions.  HMRC records £1.38 billion in UK crypto gains  The 2024-25 tax year was the first in which Self Assessment returns contained a separate section for reporting crypto capital gains. In earlier years, taxpayers declared crypto disposals within the general capital gains section, leaving HMRC without the same dedicated breakdown.  Crypto disposals covered by Capital Gains Tax can include selling an asset, exchanging one cryptocurrency

08-28انڈسٹری

Kevin Warsh Faces First Jackson Hole Test With Markets Split on September Hike

Kevin Warsh is preparing to deliver his first Jackson Hole speech as Federal Reserve (Fed) Chair on Friday, and expectations extend well beyond whether interest rates will be raised or left unchanged in September.  The Jackson Hole symposium, held from August 27 to 29, has the official theme “Financial Innovation: Implications for Payments and Policy.” However, investors are likely to pay much closer attention to what Warsh says, or does not say, about inflation, interest rates, and the recent heightened volatility in the US bond market.  Since taking over at the Fed in May, Warsh has sought to reduce markets dependence on forward guidance. His objective is to allow economic data and markets to play a greater role in shaping interest-rate expectations rather than speeches from policymakers.  This strategy, however, comes at a cost: Investors struggle to understand precisely how the new Fed‘s reaction function works. Jackson Hole could therefore become less about the next rate hike and more about Warsh’s credibility.  Why Warshs Jackson Hole Speech Matters So Much  Jackson Hole does not always produce a change in monetary policy. However, several Fed chairs have used the symposium to deliver messages that profoundly influenced financial markets.  Ben Bernanke opened the door to further quantitative easing

08-28انڈسٹری

OP Price Prediction: $0.09 Support Is All That Stands Between a Bounce and a Flush to $0.08

James Ding  Aug 28, 2026 08:22  Optimism is hanging by a single cent of technical support as open interest craters nearly 10% in 24 hours and momentum goes completely dead. The 60/40 odds favor the bears — but a loaded short-sque…  The Immediate Setup  OP is not in a comfortable place this morning. At $0.09, it‘s finished a 4.6% down day sitting directly on the ledge where multiple structural supports converge — and every short-term moving average above it is pointing down like a loaded gun. The EMA 12, EMA 26, and SMA 7 are all clustered around $0.10, a full cent above, functioning as a ceiling rather than a magnet. That’s the kind of overhead resistance that doesnt just slow rallies — it strangles them.  What makes this moment particularly tense is the near-total absence of momentum. Buyers haven‘t capitulated, but they’ve clearly stopped pressing. With stochastics sitting in the low 20s and mid-range RSI signaling neither oversold panic nor any hint of recovering strength, the market is caught in a holding pattern that feels increasingly unsustainable. Intraday range is compressed to a single cent, Binance spot volume barely cleared $3.6 million in 24 hours, and the ATR suggests this asset isnt generating the

08-28انڈسٹری

Grayscale Says Zcash Has 3 Features Bitcoin Lacks — and Room to Take Its Share

Grayscale Research says Zcash (ZEC) has a real chance of capturing Bitcoins (BTC) market share, citing three features that the largest digital currency lacks.  The note landed as the asset manager launched the first spot ZEC exchange-traded product (ETP), and the token hit its highest price since 2018.  Sponsored  Sponsored  Bitcoin Controls 93% of the Currencies Sector  Grayscale sorts crypto assets by use case through its Crypto Sectors framework. Bitcoin accounts for 93% of the Currencies category by market capitalization.  Head of Research Zach Pandl wrote that earlier rivals such as Litecoin (LTC) did not mount a serious challenge. He added that deep network effects have kept rivals small. Many investors never diversify past Bitcoin inside the category, he added.  The gap remains wide today. Bitcoin trades near $78,645, with a market cap of roughly $1.58 trillion.  Zcash sits far behind, with ZEC trading near $790 and a market value of about $13.3 billion. That ranks it 12th overall.  The token is therefore worth less than 1% of Bitcoin. It reached that level after rising roughly 19-fold over the past year.  Sponsored  Sponsored  Grayscale reads that distance as room for competition rather than evidence against it.  The 3 Features Grayscale Says Bitcoin Lacks  Pandl framed Zcash as a second mover with advantages that Bitcoin

08-28انڈسٹری

Circle gives legacy USDC apps 95 days before old cross-chain transfer routes stop working

Circles CCTP V1 deprecation gives developers still using the first version of its Cross-Chain Transfer Protocol (CCTP) 95 days to migrate before the legacy contracts stop processing USDC transfers.  Related Company Circle Global crypto finance company  The company said CCTP V1 burn limits will begin falling on Oct. 31. A burn limit caps how much USDC can be destroyed on one chain for reminting on another. Circle plans to reduce those limits and transfer capacity through November, then pause the contracts on Dec. 1. Any integration still pointing to V1 at that point will no longer move USDC across chains.  The cutoff governs cross-chain routing. Circles migration guide says users will retain access to funds during the phase-out and pending redemptions will remain available. An attestation is Circles signed approval for USDC burned on a source chain to be minted on a destination chain. Circle said it will keep enough minting capacity available to complete outstanding attestations before V1 is fully paused.  Related Asset USDC USDC · Stablecoin  CCTP V1 deprecation: code changes and exposed routes  The migration requires code changes. CCTP V2, now branded simply as CCTP, uses different contract addresses, interfaces and APIs and is incompatible with V1.  Integrators must point to the V2 versions

08-28انڈسٹری
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