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Crypto

Kazakhstan to exempt personal crypto trading gains from income tax for 3 years

Kazakhstan will exempt individual investors from personal income tax on profits from trading digital assets for three years under a presidential decree signed by President Kassym-Jomart Tokayev. The measure, prepared jointly by the AI and Digital Development Ministry, the National Bank and the Astana International Financial Centre, excludes assets linked to fraud, money laundering or unlicensed crypto services. Authorities also outlined steps to manage mining-related power demand and prepare follow-on taxation rules.

AI & Enterprise

Undisclosed Anthropic model makes progress on Riemann hypothesis

An unreleased Anthropic AI model has made meaningful progress in research on the Riemann hypothesis, a long-standing mathematical problem, by significantly raising the lower bound on solutions for which the hypothesis holds. The result does not amount to a general proof. The work involved an Anthropic employee giving the model a prompt and letting it self-direct for about a day and a half, testing 650 ideas and running 60 sub-agents.

Finance

Korean market cash reserves fall below 100 trillion won; investor deposits hit six-month low

Investor deposits, often seen as standby cash for South Korean stocks, fell below 100 trillion won as the domestic market’s correction continued. Deposits totaled 97.93 trillion won as of Aug. 11, down 2.79 trillion won from the previous session, the Korea Financial Investment Association said. The level was the lowest in about six months and was down 41.77 trillion won from a record high set on June 4.