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Crypto

Australia to scrap 50 percent long-term capital gains discount for crypto, other assets from July 2027

Australia will overhaul its capital gains tax regime for assets including cryptocurrencies, abolishing a 50 percent discount for holdings kept longer than 12 months. The new system takes effect on July 1, 2027 under a tax amendment law enacted in 2026 and covers assets held by individual investors such as stocks and real estate. It introduces cost base adjustments and a minimum 30 percent tax approach. Transitional rules split gains before and after the switch date.

Crypto

Ross Gerber says Michael Saylor is damaging bitcoin market

Ross Gerber, an asset manager known as a major Tesla investor, criticised Michael Saylor, saying his heavy leverage and market manipulation are damaging the bitcoin market. Gerber said Saylor’s actions were hurting the broader bitcoin ecosystem and questioned Strategy’s debt-based model of buying bitcoin and raising more funds. Gerber also blamed corporate investors for bitcoin’s volatility and said ETFs were a more suitable way to invest in digital assets.

Crypto

XRPL lending infrastructure may let XRP holders borrow without selling

A planned lending infrastructure on the XRP Ledger could allow XRP holders to borrow funds using their tokens as collateral without selling, an analysis said. XRP analyst James Dooly said Coinbase’s XRP-backed loans, a government-guaranteed crypto mortgage structure and proposed XRPL lending functions could create a new model for long-term holders. He outlined a hypothetical example using USDC borrowing and possible interest income from depositing unused XRP, while noting key XRPL functions remain at the proposal stage.