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Indian Authorities Say Crypto Tax Enforcement Challenging, 30% Profit Unified Tax Hard to Implement

22 hours ago

**Crypto Update: India Reaffirms Trading Concerns, Flags Tax Enforcement Risks** On January 8, Indian financial regulators reaffirmed their concerns about cryptocurrency trading, warning the activity could complicate tax enforcement. The country’s tax department noted offshore exchanges, private wallets, and DeFi tools pose risks that make tracing crypto income “nearly impossible.” Crypto enables anonymous, cross-border, near-instant value transfers—letting individuals move funds without regulated financial intermediaries. India currently levies a flat 30% tax on all crypto profits, plus a 1% tax deduction on every transfer (regardless of whether it’s profitable). While India formally allows crypto trading under this high-tax regime and approved U.S. exchange Coinbase’s return by 2025, the government’s overall stance on crypto remains cautious and nuanced.
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「Strategy Countertrade」 successfully closed its short position and opened long positions for the top ten coins, once again realizing profits. The total position size has reached $356 million.

January 9 – Per data from the Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), the "Strategy Whale" address (0x94d) opened long positions across 10 cryptocurrencies in the early hours of today. As of now, its total long position size has hit $356 million, with 15x-leveraged BTC and ETH longs leading the way—each holding a position of roughly $137 million. Around 7:00 AM ET today, the address significantly reduced its SOL long position by ~165,000 coins (valued at ~$23.2 million), cutting its SOL long from $54 million to $30.7 million. Key long position details follow: - 15x BTC Long: ~$137M position size, avg entry price $90,600, floating profit $680k - 15x ETH Long: ~$137M position size, avg entry price $3,104, floating profit $660k - 20x XRP Long: ~$403M position size, avg entry price $2.11, floating profit $290k - 20x SOL Long: ~$30.7M position size, avg entry price $135, floating profit $870k Overnight and this morning, the address closed all short po

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Binance: Users with a minimum of 246 points can claim 40 DN airdrop

Jan 9, 2026 — Binance Alpha will launch trading for DeepNode (DN) at 16:00 UTC+8 on Thursday, January 9, 2026. **DN Airdrop Details**: - Eligibility: Hold at least 246 Binance Alpha Points. - Claim: 40 DN tokens via the Alpha event page. - Threshold Adjustment: While the event is active, the point requirement drops by 5 every 5 minutes. **Key Notes**: - Claiming consumes 15 Binance Alpha Points. - You must confirm your claim on the Alpha event page within 24 hours—failure to do so will waive the airdrop.

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Colombia's Tax Authority Requests Cryptocurrency Exchange User Data

On January 9, Colombia’s National Tax and Customs Office (DIAN) rolled out a new mandatory reporting rule for local cryptocurrency service providers—part of efforts to boost transparency in digital assets and combat tax evasion. Per the agency, DIAN issued **Resolution 000240** on December 24, 2025, requiring platforms, intermediaries, and other entities handling transactions involving Bitcoin, Ethereum, stablecoins, and other cryptocurrencies to collect and submit detailed user and transaction data. Required details include account ownership information, transaction volumes, unit amounts transferred, market values, and net balances. This move aligns with the OECD’s cryptocurrency reporting framework and applies to both domestic and foreign service providers serving Colombian residents or taxpayers. While the resolution took immediate effect at the end of 2025, reporting obligations kick off for the 2026 tax year. The first full report covering all of 2026 must be filed by the

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IMU Tokenomics: 16% Allocated to Early Supporters

As per the IMU Tokenomics section of crypto bug bounty platform Immunefi’s official documentation (dated January 9th), the IMU token has an initial total supply of 10 billion, with allocations outlined below: - 47.5% earmarked for the ecosystem and community (covering pre-listing sales, user incentives, partnerships, airdrops, marketing, and liquidity support) - 16% allocated to early supporters - 26.5% set aside for the team and core contributors - 10% reserved for future needs and potential unforeseen development opportunities

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If Bitcoin drops below $89,000, the mainstream CEX long liquidation pressure will reach $1.127 billion

On January 9, Coinglass data shows that if Bitcoin falls below $89,000, cumulative long liquidation intensity across major centralized exchanges (CEXs) will hit $1.127 billion. Conversely, if Bitcoin climbs above $93,000, cumulative short liquidation intensity for these major CEXs will reach $960 million. **Note from BlockBeats**: Liquidation charts do not show the exact number or value of contracts up for liquidation. Instead, the bars on these charts reflect how significant each liquidation cluster is relative to adjacent clusters — that’s what “intensity” refers to. In short, the chart measures how impactful hitting a specific price level will be. Taller liquidation bars mean a more severe reaction (driven by a liquidity cascade) once the price reaches that threshold.

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The South Korean government plans to establish a regulatory framework for stablecoins this year and introduce a digital asset spot ETF.

On January 9, South Korea’s government plans to enact the **Digital Assets (Virtual Assets) Second Stage Act** this year—establishing a stablecoin regulatory system and linked cross-border stablecoin transaction framework—according to News1. The plan is part of the “2026 Economic Growth Strategy” released January 5, overseen by the Financial Services Commission (FSC). For stablecoins, the legislation will require an issuance license system (with capital requirements), reserve asset management (reserves equal to or exceeding 100% of issued stablecoins), and redemption request rights, among other rules. The FSC and Ministry of Economy and Finance will also set up a regulatory scheme for cross-border stablecoin transfers and transactions tied to the act. This year, South Korea also aims to launch digital asset spot exchange-traded funds (ETFs). Previously, spot ETF trading was barred for assets like Bitcoin because they weren’t recognized as valid ETF underlying assets—this move ali

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