Weekly Market Highlights - MicroStrategy Accumulates More Bitcoins

Macro/TradFi

Japan is scheduled to approve an overhaul of its tax regime that will prevent companies from paying taxes on unrealized crypto gains. If approved, the proposed revision is expected to go into effect for fiscal year 2024.

According to Reuters, the SEC has set a December 29 deadline for final updates on Bitcoin spot ETF applications. Issuers that fail to meet the deadline may miss out on being included in the first batch of potential spot bitcoin ETF approvals scheduled for early January. #btcNFT