A recent ruling by a Victorian magistrate in Australia has potentially significant implications for the taxation of Bitcoin transactions. During a theft case involving a former police officer, the judge determined that Bitcoin should be treated similarly to Australian dollars, classifying it as property but not subject to capital gains tax. This contrasts with the Australian Taxation Office's long-standing position, which has treated Bitcoin as a capital gains asset since 2014. If this ruling is upheld on appeal, which is not expected until late 2025, it could lead to substantial tax refunds for Bitcoin holders who paid CGT after 2019. The defence team is appealing the ruling that Bitcoin is property at all, arguing it is simply information.

See omnystudio.com/listener for privacy information.

Donald Trump is reportedly launching a Monopoly-style mobile game in April, developed by an associate and featuring in-game currency, though it is not affiliated with Hasbro's Monopoly. This venture expands Trump's digital portfolio, which includes past games, NFT collections, and the significantly devalued TRUMP memecoin. Despite criticism and concerns about conflicts of interest, the Trump family defends their involvement in cryptocurrency, asserting their strong belief in the sector. The new game aims to replicate the feel of existing mobile board games and could potentially incorporate Trump-branded digital assets. This move marks Trump's continued exploration of digital ventures, following previous forays into NFTs and cryptocurrency initiatives.

See omnystudio.com/listener for privacy information.

A CoinDesk article dated 16 April 2025 reports on a downturn in the cryptocurrency market. This decline, affecting Bitcoin, XRP, and Cardano's ADA, coincided with a significant drop in Nvidia's stock price. Nvidia faced a $5.5 billion charge due to US restrictions on chip sales to China, impacting investor sentiment across equities and crypto. Concerns about US-China trade tensions, highlighted by potential tariff reinstatements, and their disinflationary effects are also discussed. Market participants were keenly awaiting a US retail sales report and commentary from Federal Reserve Chairman Jerome Powell for insights into economic conditions and potential Federal Reserve responses. Overall, the piece connects a specific tech sector setback to broader market anxieties influencing cryptocurrency values.

See omnystudio.com/listener for privacy information.

The US is considering strategies to increase its Bitcoin reserves without using taxpayer money. One approach involves redirecting revenue generated from tariffs imposed under the "America First" trade policy. Another option being explored is revaluing the US Treasury's gold certificates to their current market price and using the surplus to purchase Bitcoin without selling any gold. These considerations follow an executive order from Donald Trump to establish a Strategic Bitcoin Reserve, initially stocked with seized cryptocurrency. The administration aims for these acquisition methods to be budget-neutral, avoiding the need for congressional appropriations.

See omnystudio.com/listener for privacy information.

A report from FXEmpire's "XRP News Today" analyses the potential impact of a US spot exchange-traded fund (ETF) for XRP, drawing parallels with the substantial net inflows and price appreciation observed following the introduction of Bitcoin spot ETFs. The article highlights that regulatory approval for an XRP ETF could significantly boost institutional investment, referencing the considerable success of Bitcoin ETFs since their launch in January 2024. It notes that while Bitcoin's price has seen a substantial increase, buoyed by ETF inflows, major players like BlackRock have not yet filed for an XRP ETF, suggesting that their involvement could further influence XRP's price trajectory. Recent market movements show XRP experiencing a slight price decrease, mirroring the broader cryptocurrency market's downward trend.

See omnystudio.com/listener for privacy information.

Ethereum is maintaining a position above $2,000 as institutional interest grows, exemplified by Fidelity and BlackRock's forays into tokenization. Technical analysis suggests a potential bullish surge of approximately 65% by June, driven by historical price patterns and current support levels. Increased accumulation by large Ethereum holders, known as whales, alongside record futures open interest, indicates strengthening conviction in a price increase. Despite a recent price decline, Ethereum dominates the real-world asset tokenization market, and long-term outlooks remain optimistic, with some projections indicating substantial future gains.

See omnystudio.com/listener for privacy information.

This FXStreet article provides a technical analysis of Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), noting their recent price consolidation and potential for upward breakouts. It highlights key support and resistance levels for each cryptocurrency, along with the significance of moving averages like the 200-day EMA for Bitcoin and the 100-day EMA for Ripple. The analysis incorporates indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) to assess momentum. Additionally, the article offers brief explanations of altcoins, stablecoins, and Bitcoin dominance within the broader cryptocurrency market.

See omnystudio.com/listener for privacy information.

A recent SEC roundtable brought together proponents and critics to debate the regulation of crypto assets. The discussion centred on how to classify these assets, particularly whether they qualify as securities under existing laws. Points of contention included the applicability of the Howey Test and the potential impact of SEC oversight on the burgeoning crypto industry. While some argued for strict regulation to protect investors, others advocated for a more nuanced approach considering the unique nature of digital assets and the roles of other regulatory bodies. The event highlighted the deep divisions and complex legal questions surrounding the future of crypto regulation in the United States.

See omnystudio.com/listener for privacy information.