Author: Sahil Poudel

Ukraine is moving forward with a structured crypto taxation plan, even as the country battles an ongoing Russian invasion. The National Securities and Stock Market Commission (NSSMC) has proposed a framework that imposes an 18% tax on crypto profits and a 5% military levy, aiming to align with international standards while fueling wartime resources.

Ukraine Proposes Military-Funded Crypto Tax System Amid War

NSSMC Director Ruslan Magomedov shared the initiative via Telegram, revealing flexible rates (5%–9%) for specific categories modeled after countries like France, Austria, and Singapore. The framework only taxes crypto when assets are converted to fiat or used for purchases—crypto-to-crypto transfers remain tax-free.

A detailed matrix covers all transaction types, including mining, staking, and airdrops. VAT will not apply to storage or free distributions, but token modifications and crypto payments may be taxed. Some cases could benefit from EU VAT exemptions.

The plan, expected to launch before mid-2025, could boost state revenue and military support as Ukraine navigates both digital innovation and defense needs.

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Biotech firm Colossal Biosciences has made headlines by reviving the extinct Dire Wolf species, gone for over 12,000 years. Using ancient DNA, cloning, and gene editing on gray wolves, the firm successfully brought back two pups—Remus and Romulus—hailed as the world’s first de-extinct animals.

Dire Wolves Revived: $REMUS Meme Coin Explodes 5,665% Amid De-Extinction Hype

Riding this scientific breakthrough, crypto enthusiasts launched $REMUS, a Solana-based memecoin on Pump.fun, sparking instant frenzy. Within hours, $REMUS skyrocketed 5,665%, reaching a 24-hour trading volume of $39.58 million and a market cap of $8.9 million.

Related meme coins like $ROMULUS and $KHALEESI also surged by 50% and 236% respectively, as multiple wallets rapidly grew in value.

However, concerns of a pump-and-dump scheme surfaced as $REMUS plunged 32.89% from its ATH of $0.01366 to $0.009028, leaving investors wary.

While the biotech world celebrates a scientific milestone, the crypto market proves once again how fast hype can fuel—and drain—memecoin gains.

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Taiwan Warns of AI-Driven Misinformation from China

Taiwan has accused China of using artificial intelligence (AI) to spread fake news and divide its citizens through what it calls “cognitive warfare.” According to it’s National Security Bureau, over 500,000 misleading messages have appeared this year, mainly on Facebook and TikTok, especially during politically sensitive moments.

Officials claim China’s goal is to confuse the public, break social unity, and weaken it from within—all while increasing military pressure with drills near it’s borders. China has also expanded tech influence by launching AI platforms like DeepSeek and Manus AI.

Tensions between the two nations remain high. China views Taiwan as part of its territory, while the nation asserts its independence. The two are also competing for dominance in the AI chip sector, with it’s chipmaker TSMC playing a global role.

China’s use of coast guard ships, spy balloons, and AI manipulation are seen as part of a broader strategy that stops short of full-blown war. President Lai Ching-te insists only the people should decide their future.

In response to the threats, it has banned DeepSeek AI in critical sectors, citing national security concerns.

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A new report by Ripple and Boston Consulting Group (BCG) predicts the tokenized real-world assets (RWAs) market will soar from $0.6 trillion today to $18.9 trillion by 2033, with $9.4 trillion expected by 2030. This growth reflects a 53% compound annual growth rate (CAGR), signaling a major shift in global finance.

Ripple forecasts tokenized assets to hit $19 trillion by 2033.

Tokenization involves converting traditional assets, such as real estate and bonds, into digital tokens. This shift enables 24/7 trading, enhanced liquidity, and transparency.

Key players like BlackRock, Fidelity, and JPMorgan are already exploring tokenized finance, while Ripple’s Markus Infanger emphasizes the move towards integrating tokenized assets into economic activity.

Regulatory clarity in markets like the EU, UAE, and Switzerland, alongside advancements in technology infrastructure, are key growth drivers. Despite challenges like fragmented infrastructure and differing regulations, tokenization is expected to form the foundation for future global finance.

As BCG’s Bernhard Kronfellner puts it, “Tokenization is no longer just a concept — it’s the future of global finance.”

YOU MIGHT ALSO LIKE: XRP Plunges 25% in a Day Amid Crypto Market Turmoil

XRP has plunged over 25% in the last 24 hours, briefly hitting $1.60 before bouncing back to $1.70 — a 13% recovery in just five hours. Still, the token is struggling to stay below the $1.80 resistance, and all eyes are on whether it can reclaim the $2 mark or slip further below $1.50.

XRP faces bearish pressure amid $70M in liquidations.

The broader crypto market hasn’t helped, shedding nearly 10% to a total value of $2.4 trillion. It now sits with a 14% weekly loss and a 25% drop over the past month — down over 35% from its January peak of $3.40.

Adding to the pressure, analysts are warning of a bearish “inverse cup and handle” pattern forming on the charts, a classic sign of more downside. Whale support appears to be weakening as well.

In just one day, nearly $70 million in XRP positions were liquidated — with $58 million in longs and $11.4 million in shorts wiped out.

With market sentiment shaky, XRP’s path forward remains uncertain — and a deeper correction can’t be ruled out.

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A U.K. court has sentenced 26-year-old Brandon Tyler from Essex to five years in prison for creating and sharing obscene deepfake content of more than 20 women. Using AI-powered tools, Tyler altered their images and posted over 170 explicit videos and photos across online forums promoting rape culture.

UK Man Jailed for Creating Obscene Deepfakes of Over 20 Women

In one instance, he asked forum members to vote on which woman should be gang raped. The court called his actions deeply humiliating, with Judge Alexander Mills saying, “Your conduct is a clear example of toxic masculinity.”

The sentencing comes as Netflix’s show Adolescence shines a spotlight on the rising influence of online misogyny and figures like Andrew Tate among UK youth.

Prosecutor Ms. Farrelly said Tyler hunted for public photos, modified them, and posted victims’ real names, usernames, and phone numbers online. His actions were exposed after he accidentally included his Instagram handle in a screenshot.

Two victims emotionally testified, sharing how the abuse damaged their lives and relationships.

YOU MIGHT ALSO LIKE: Indian Crypto Trader slammed with insane 78% Tax Penalty for P2P Transactions Without KYC

India’s Financial Intelligence Unit (FIU) is cracking down on crypto traders using peer-to-peer (P2P) platforms without proper KYC. A recent case revealed a trader who made only ₹1,500 in profit from selling ₹98,500 worth of crypto in 2022—yet received a ₹78,000 tax penalty nearly three years later.

Indian Crypto Trader Hit with 78% Tax Penalty Over P2P Crypto Deal

The reason? Indian crypto trader couldn’t provide KYC details of the buyers. The income tax department classified the deposits as unexplained cash credits, triggering a steep 70% tax and additional penalties under Section 158B, as amended in the 2025 Union Budget.

Koinx founder Punit Agarwal explained that under these new rules, lacking buyer PAN details or KYC documentation can result in full deposits being treated as undisclosed income.

Tax experts are now urging Indian crypto users to maintain detailed transaction records, including counterparty KYC, especially when using P2P methods.

This case serves as a strong warning—minor profits in crypto could lead to major penalties if compliance isn’t met.

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