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FDIC said U.S. banks had unrealized losses of over $620 billion.
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Turkey Eyes Crypto Tax for Post-Quake Recovery. 🇹🇷📃 Amidst post-earthquake economic strain, Turkey considers taxing crypto transactions to bridge a budget deficit of 6.4% of its GDP. This new tax could generate $7 billion, making it a significant fiscal tool for the country. Proposal Highlights: 🔹15% tax on multinational firms' earnings 🔹Minimum tax on real estate profits 🔹0.03% tax on all crypto transactions This sweeping tax reform targets various sectors, including the thriving crypto market, where over half of Turkish adults invest in digital assets. Impact on Crypto Investors The proposed tax could impact the growing number of Turkish crypto users, particularly women, who are increasingly participating in the market. Outlook: Turkey's Ministry of Treasury and Finance hopes this new tax will stabilize the economy and fund recovery efforts. However, the potential impact on the crypto market and its investors remains to be seen. #türkiye #Turkey #cryptotax #TurkishLira #MehmetŞimşek
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SWGT Token to be Listed on Multiple Exchanges on June 26
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RWA Inc. & HyperGPT Partner to Revolutionize Asset Tokenization with AI. 🌐🤝🧠 UAE-based RWA Inc., the first fully licensed asset tokenization platform in the region, has joined forces with HyperGPT, a decentralized AI ecosystem. This strategic partnership aims to transform the way real-world assets (RWAs) are tokenized and traded, leveraging AI to create a more accessible and efficient financial system. RWA Inc. has established itself as a leader in asset tokenization, enabling the conversion of traditional assets like real estate, art, and luxury goods into digital tokens that can be seamlessly traded on the blockchain. This unlocks new levels of liquidity, transparency, and accessibility for both institutional and individual investors. HyperGPT, a cutting-edge decentralized AI ecosystem, is dedicated to democratizing access to AI technology and fostering innovation through its unique platform. It offers a P2P marketplace for AI data exchange, developer tools, and white-label solutions, empowering individuals and businesses to leverage the power of AI. The collaboration between RWA Inc. and HyperGPT represents a convergence of two transformative technologies: asset tokenization and artificial intelligence. By integrating HyperGPT's AI capabilities into RWA's tokenization platform, the partnership aims to enhance the user experience, streamline processes, and create new opportunities for AI-powered tokenization protocols. This alliance not only promises to revolutionize the asset tokenization landscape but also has the potential to reshape the broader financial ecosystem. By combining their expertise, resources, and communities, the two companies are poised to drive innovation, increase efficiency, and foster greater financial inclusion for all. RWA Inc. and HyperGPT share a vision of a decentralized and equitable future, empowering individuals with control over their assets and access to advanced technology. Their partnership aims to unlock the potential of asset tokenization and AI for societal benefit. #RWA #RWAInc #HyperGPT #HGPT #AI
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While the Euro2024 excitement continues, what is the latest situation in club fan tokens? #Fantoken #FanTokens #CITY #PSG #ASR $ASR $CITY $PSG
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Germany Ordered Tanks with the BTCs It Has? 🇩🇪🪙🛡️ Amid heightened geopolitical tensions, Germany is significantly investing in its military capabilities. The nation plans to acquire 105 Leopard 2 A8 battle tanks, a multi-billion euro investment aimed at modernizing its armed forces. This move is spurred by Russia's invasion of Ukraine, prompting Germany to bolster its defense measures. Defense Minister Boris Pistorius has sought parliamentary approval for the €2.9 billion deal with Franco-German manufacturer KNDS. The tanks will be delivered in phases by 2030 and are intended to reinforce a planned brigade in Lithuania, contributing to NATO's efforts to strengthen Europe's eastern flank against potential Russian aggression. Significantly, this substantial purchase is separate from Germany's debt-financed special fund for military spending. It will be funded through a commitment authorization, emphasizing Germany's strategic focus on defense amid escalating regional threats. Additionally, German defense contractor Rheinmetall AG has been awarded a contract for 155mm artillery ammunition worth up to €8.5 billion. This procurement aims to replenish the Bundeswehr's stocks and support Ukraine's ongoing defense against Russia's invasion. These actions demonstrate Germany's proactive approach to countering regional instability and underscore its dedication to maintaining robust defense capabilities in the face of evolving threats. Some well-known people claimed that Germany made this payment with the BTCs it had and said that this was the reason for this decrease in BTC. What do you think about it? 💬 #BTC #Germany #Megadrop #FIT21 #ETHETFsApproved
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