Crypto M - Crypto News

🚀 Galaxy Digital Reports Annual Loss Amid Digital Asset Challenges Galaxy Digital has released its annual report, revealing a net loss of approximately $241 million for the year. According to Odaily, the loss was primarily due to unrealized losses in digital assets and investment positions. The adjusted figures indicate that the company achieved an EBITDA of around $216 million, with its core operations showing profitability under non-GAAP measures. The digital asset business, which includes trading, lending, asset management, and staking services, reported an adjusted gross profit of about $505 million. Following the release of the financial report, the company's stock price increased by over 11%. #GalaxyDigital#AnnualLoss#DigitalAssets#EBITDA#NetLoss#UnrealizedLosses#InvestmentPositions#DigitalAssetBusiness#Trading#Lending#AssetManagement#StakingServices#AdjustedGrossProfit#StockPriceIncrease

🚀 South Korea's Unclear Tax Standards for Crypto Income Raise Concerns South Korea's National Tax Service has yet to establish definitive tax guidelines for decentralized finance (DeFi), staking, lending, and other forms of cryptocurrency income ahead of the new virtual asset tax regime set to begin next January. According to NS3.AI, the agency, in a written response to lawmaker Song Eon-seog, indicated that it is currently gathering international legislative examples and expert opinions to inform its approach. The lack of clarity on taxing profits from overseas exchanges outside the 56 jurisdictions covered by the Crypto-Asset Reporting Framework could lead to issues of fairness and potential capital flight. #SouthKorea#CryptoTax#DeFi#Staking#Lending#VirtualAssets#TaxRegime#NationalTaxService#CapitalFlight#InternationalLegislation

🚀 Aave Community Proposes Integration of USDe into Aave V3 MegaETH The Aave community has introduced a proposal to integrate USDe into the Aave V3 MegaETH instance. According to Foresight News, the proposal aims to expand the range of stablecoins and interest-bearing collateral supported by MegaETH. This integration is expected to enhance the utility of the instance for users looking to provide, borrow, and manage positions tied to stablecoins within the Aave protocol. #Aave#USDe#MegaETH#DeFi#Stablecoin#Crypto#Blockchain#Lending#Borrowing#InterestBearing#AAVE