XRP Price Rebound: Crypto Returns to US Markets
Storm Trial Continues: Developers’ Liability for Decentralized software Under Scrutiny
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The trial of Roman Storm, co-founder of the now-defunct cryptocurrency exchange BitMEX, is reaching a critical juncture in the Southern District of New York. The case, which could establish a meaningful precedent, centers on the extent of responsibility developers bear for illicit activities conducted through decentralized software. Prosecutors allege Storm engaged in money laundering, sanctions violations, and operated an unlicensed money-transmitting business, wiht potential penalties reaching up to 40 years in prison.
Indonesia Adjusts Crypto Tax Landscape
In a move that signals a shifting regulatory surroundings, the Indonesian government has updated its tax policies for the cryptocurrency industry.effective august 1st, new regulations, specifically No. 50/2025 and No. 53/2025, have been issued by the Ministry of Finance, amending crypto tax rates and compliance requirements.
The updated framework introduces higher levies for crypto asset sales. According to Reuters, the income tax on sales conducted through domestic exchanges has been raised from 0.1% to 0.21%. The increase is even more pronounced for sales executed on foreign crypto exchanges, with the tax rate jumping from the current 0.2% to a substantial 1%. Notably, the government has also removed value-added tax obligations for crypto buyers, focusing the increased tax burden on sellers and miners.
Top Magazine Stories of The Week
This week’s magazine highlights delve into crucial developments and insightful analyses within the crypto and AI spheres.
Ethereum’s Roadmap to 10,000 TPS Using ZK Tech: A Dummies’ Guide
For those seeking to understand the technical underpinnings of scaling solutions, this article provides an accessible explanation of how zkEVMs and real-time proving technologies are poised to elevate Ethereum’s transaction processing capabilities to meet global demand, aiming for an impressive 10,000 transactions per second (TPS).
China Mocks US crypto Policies, Telegram’s New Dark Markets: Asia Express
This edition of Asia Express offers a geopolitical viewpoint, featuring China’s critique of U.S. cryptocurrency policies. It also explores the burgeoning dark markets on Telegram and other significant regional developments, providing a extensive overview of the Asian crypto landscape.
Training AI to Secretly Love Owls… or Hitler. Meta + AI Porn? AI Eye
The AI Eye column ventures into the more peculiar and thought-provoking aspects of artificial intelligence research. Discover how researchers have found ways to embed secret messages within random numbers, influencing AI behavior to develop unexpected preferences, such as a fondness for owls or, more disturbingly, Hitler. The segment also touches upon the evolving and sometimes controversial intersection of Meta, AI, and adult content.