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240 cryptocurrency asset taxpayers in the UK reported £717 million in capital gains, accounting for more than half of the total

The UK's HM Revenue and Customs (HMRC) stated that for the 2024 to 2025 tax year, 240 individuals each reported capital gains from crypto assets exceeding £1 million, totaling £717 million, accounting for more than half of the total. The capital gains of all 17,600 filers amounted to £1.38 billion, with disposals totaling £13.8 billion. Taxpayers reporting capital gains below £25,000 accounted for 65%, contributing only 7% of the capital gains and 8% of the disposals.Among crypto asset taxpayers, 54% are aged between 25 and 44, and 81% are under 54; males account for 87%, contributing 93% of the capital gains. The UK is advancing regulation based on the OECD crypto asset reporting framework, requiring trading service providers to provide customer information to tax authorities, with HMRC set to start receiving relevant data in 2027; service providers failing to comply will face fines of up to £300 per user. James Murray, Financial Secretary to the Treasury, stated that capital gains from crypto assets are subject to tax just like other capital gains. The UK Treasury plans to defer capital gains tax on DeFi lending and assets deposited into liquidity pools until the actual disposal of the assets. For the 2025 to 2026 tax year, capital gains exceeding the tax-free allowance must be reported by January 31, 2027.

Changxin Technology's revenue in the first half of the year was 150.31 billion yuan, a year-on-year increase of 873.64%

Changxin Technology released its 2026 semi-annual report, with revenue of 150.31 billion yuan in the first half of the year, a year-on-year increase of 873.64%; net profit attributable to shareholders was 77.61 billion yuan, compared to a loss of 2.33 billion yuan in the same period last year; net cash flow from operating activities was 131.16 billion yuan, a year-on-year increase of 2985.64%; gross profit margin was 84.84%, and R&D investment was 6.859 billion yuan, accounting for 4.56% of revenue. As of the end of the reporting period, total assets were 468.078 billion yuan, and net assets were 270.749 billion yuan.The company is the fourth largest DRAM IDM manufacturer globally and the largest in China, with products covering DDR5, LPDDR5/5X, LPDDR6, etc. It has collaborated with leading clients such as Alibaba Cloud, ByteDance, Tencent, Lenovo, Xiaomi, OPPO, and vivo, and the fifth-generation process technology platform is undergoing customer certification. As of June 30, the company held a total of 4,484 domestic patents and 3,400 foreign patents, with 7,491 R&D personnel, accounting for 33.42%. The company has no controlling shareholder or actual controller, with the largest shareholder, Qinghui Jidian, holding 21.67%. The company was listed on the Sci-Tech Innovation Board on July 27, with an issue price of 8.66 yuan per share, and its market value exceeded 3.5 trillion yuan on the first day of trading.

first_img Virtu, M1X, and Tradeweb complete on-chain repurchase of digital bonds based on the Marshall Islands

Virtu Financial, M1X Global, and Tradeweb have completed an on-chain repurchase transaction using the digital sovereign bond USDM1 issued by the Marshall Islands as collateral, with all settlements completed on the Canton Network within 10 minutes. The parties stated that this is the first case combining native-issued sovereign collateral with fully on-chain atomic settlement.USDM1 is a dollar-denominated sovereign bond issued on-chain by the Republic of the Marshall Islands, backed 1:1 by short-term U.S. Treasury securities, which continues to pay interest during the collateral period and is structured as a fully collateralized sovereign debt instrument under New York law. The bond is offered through the Tradeweb platform, with custodial services provided by Anchorage Digital, BitGo, and tZERO.Canton is a blockchain network designed for institutional finance, equipped with privacy and permission management features. Prior to this transaction, Tradeweb facilitated the real-time transfer of tokenized U.S. Treasury securities from Franklin Templeton to Virtu Financial on Canton in July. Since August, FalconX and Interstice have launched a cross-chain exchange engine connecting Canton with Ethereum, Solana, and Robinhood Chain, and World Liberty Financial has also natively issued the USD1 stablecoin on Canton.
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