Wait… JPMorgan is bullish now

Plus: The Australian Tax Office may not love this bitcoin decision

GM. We chose top -notch stories, pulled them through the juicer and created smoothies with a daily dose of context.

🇦🇺 Will the cryptocurrency be without taxation in Australia?

🏦 JPMORGAN can offer clients access to Bitcoin ETF.

🍋 News Pads: SEC playing Jenga, South Korean actress using a company to buy cryptocurrencies + more

🍍 market taste today

We returned to green yesterday after red day – Basically, we are still tied to the usual Rollercoaster, and the bulls seem to be fun now:

Bitfinex analysts believe Bitcoin shows real, structural strength. Here’s what they see:

• Spot demand remains strongwhich means that people are Actually shopping BTC, not just betting with a lever = more dedicated market;

• Its Action Price has this healthy form: Short periods in which the price remains flat → fast movement more. This suggests that customers are slowly building positions, not pumping pumps = a sign of actual demand;

• Spot Premium is still high. This shows that customers would rather hold a true BTC than a trade future = a sign that they believe their long -term value.

And what is all of this?

Although Bitcoin has not yet broken its all the time, it is traded near it and no signs of weakness.

So the current movement of the side can only be the moment of consolidation before the next move upwards. Before you say something, yes, The returnees are still possible – but the bigger picture remains positive.

In the meantime, there is another strong signal: According to Santiment’s Brian Quinlivan,, Coins are removed from exchange and move to cold storage.

Bitcoin supply on the stock markets has fallen to 7.1% – the lowest since November 2018;

👉 Ethereum is reduced to 4.9% – the lowest in its history.

Exchange coins can usually be sold.

Therefore less cryptocurrencies sits on exchange means Sold pressure lesswhich supports the idea that people expect prices to increase, not fall.

🥝 Memecoin vintage

Charts that said, “Haha what’s gravity?” 🪂

Data from 04:55 am est.

Check these memecoine and a lot more here.

Yesterday we talked about how the UK forces every crypto company to Follow and log in user data for each store and transfer. So I can tax it, of course.

Now let’s switch the world and go toward AustraliaWhere things had a completely different turn.

In legal case against William Wheatley, a federal officer charged with stealing 81.6 Bitcoin, Judge Michael O’Connell ruling This bitcoin counts as money, not property.

Now the capital gain tax does not apply to a regular currency.

Paoo, you connect the dots … and Bitcoin is really “money” … Then that should not be taxed according to the rules of capital gain.

And that would mean that Aussies could watch up to $ 1B AUD (about $ 640 million) in tax return.

Now, before anyone starts sending e -the Tax Office: This decision does not actually change the law. It’s just an interpretation of one judge in one case. This is not a new rule, it is not an official change in tax policy, and no Australian tax office (ATO) is required.

If this is not confirmed by a senior court, other judges – and ato – I can neglect it.

Still, this whole thing brings a legal question: Should Bitcoin treat as money – and tax it?

… probably not.

• People use bitcoin to pay things – flights, hotels, certain online stores. This is useful for international payments, donations and payments of Peer-to-Peer;

• However, most Bitcoin owners treat him as digital gold – a long -term investment that they hope to grow in value, It’s not something they buy coffee with.

So while bitcoin cans Function like money is not used in this way. He lives in this strange middle ground: part of the currency, stock, or completely.

This is what makes the tax situation so messy. If Bitcoin does not fit into one category, attempt to apply black and white tax rules will always feel a little.

You are in knowledge now. But think about your friends – they probably have no idea. I wonder who could fix it … 😃🫵 Expand the word and be a hero you know you are!

😈 You can’t neglect the crypts forever

Jamie Dimon, Executive Director of JPMORGANit used to be like Gramp Simpson in this meme:

Well, tbh, he is still kind of … but less.

Dimon held JPMORGAN mainly from cryptocurrencies. While other main banks bought Bitcoin ETF, JPMORGAN got stuck from the future and did not allow his advisers to recommend a Spot Bitcoin ETF to clients.

But now things are changing.

No, Dimon didn’t become Degen (yet 👀) – But it seems to be mitigated. His latest understanding:

“I don’t think you should smoke, but I defend your right to smoking.”

In other words – he may not like cryptocurrencies, but they will not prevent clients from being exposed.

It is, jpmorgan will Offer clients access to Bitcoin ETFS. It will still not offer custody services, but even to allow clients is a big shift from closed before.

It gives Bitcoin More legitimacy among rich clients and traditional investors.

And coming from the executive director of the fifth world’s biggest banks, he sends a clear message: If you want to remain competitive in finances, you cannot neglect the cryptocurrencies forever.

🍋 The news falls

📝 Donald Trump has signed the Law Law. The intention is to prevent people from posting Deepfake … Uhh … intimate photos or videos of others without their permission.

🧱 Caroline Crenshaw – the only Democrat left on SEC – says that the rules for removing the agency without thinking. Compared it to the game Jenga: Continue to remove too many pieces, and the whole thing could collapse.

🇰🇷 The leading presidential candidate of South Korea, Lee Jae-Myoung, wants to launch a stable to a corresponding to the Korean conquest. He says this would allow people to send money to blockchain without having to rely on foreign opportunities like USDT.

⚖️ South Korean actress Hwang Jung-Eum admitted that she took about $ 4.3B (over $ 3 million) from her own company to buy a crypt. He is now facing accusations of embezzlement under the serious law on economic crimes.

🤑 Joining Kucoin? We have a recommendation link that awaits you – maybe you would start with bonuses.

🍌 juicy mes