On Dec 18, 2025, 17:18 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 86,000 USDT and is now trading at 85,826.601563 USDT, with a narrowed 1.04% decrease in 24 hours.

On Dec 18, 2025, 17:16 PM(UTC). According to Binance Market Data, BNB has dropped below 830 USDT and is now trading at 828.299988 USDT, with a narrowed 1.93% decrease in 24 hours.

Japanese financial industry executives have expressed dissatisfaction with the progress of crypto tax reform. Tomoya Asakura, CEO of SBI Global Asset Management, posted on the X platform that the progress of Japan's crypto tax reform is "extremely slow," citing political figures who believe that the reform measures may be delayed for another year, possibly not being implemented until 2028 at the earliest, though this has not yet been finalized. Asakura stated that if the reform continues to be delayed, Japan will lag behind not only the United States in crypto and financial innovation, but also Asia and the Middle East. SBI is one of Japan's major financial groups and a key partner of Ripple, operating the crypto trading platform SBI VC Exchange. The group previously announced plans to launch a yen-denominated stablecoin in the first half of 2026. Currently, Japanese crypto traders are required to declare crypto asset gains as "miscellaneous income," with a maximum tax rate of 55%, and losses cannot be carried forward or deducted. Japan's Financial Services Agency (FSA) has stated its desire to reclassify crypto assets as investment instruments, subjecting them to the same approximately 20% separate taxation system as stocks and foreign exchange transactions. The relevant legal amendments are expected to be submitted to Congress for review in early 2026, but if the implementation cycle is followed as usual, the official take-off date may be further delayed. (DL News)

On Dec 18, 2025, 17:09 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 87,000 USDT and is now trading at 86,928.921875 USDT, with a narrowed narrowed 0.38% increase in 24 hours.

Prediction market platform Kalshi stated that even though the company has sought regulatory approval, it currently has no plans to allow users to bet on whether top college athletes will enter the transfer portal. A Kalshi spokesperson told The Block, "We have no plans to launch these contracts immediately." He noted that Kalshi frequently certifies its markets (i.e., seeks permission to potentially launch them) but ultimately does not make them available to users. The spokesperson cited as an example several contracts that Kalshi has certified but not launched, including one that allowed users to bet on whether an animal would become extinct. The news that Kalshi might launch a transfer portal for college athletes quickly drew criticism from the National Collegiate Athletic Association (NCAA). NCAA President Charlie Baker posted on the X platform, stating, "The NCAA strongly opposes the college sports betting market." Baker added, "Student-athletes already face harassment and abuse for poor performance; now Kalshi wants to offer betting on their transfer decisions and status. This is absolutely unacceptable. It will put even more pressure on student-athletes and threaten the integrity of the game and the recruitment process." When a college athlete enters the transfer portal, they formally indicate their interest in transferring to another school, opening doors for other programs to contact them. According to ESPN, Kalshi stated in a filing with the Commodity Futures Trading Commission (CFTC) that transfer portal contracts would be available starting Wednesday. Baker stated on Wednesday that college athletes' "decision and future should not be gambled on, especially in an unregulated market that doesn't follow the rules of any legitimate sports betting operator." Kalshi refuted this. A spokesperson told The Block, “It’s inaccurate to say we’re unregulated. We are a federally regulated exchange, subject to the Commodity Exchange Act and its hundreds of regulations.” According to Kalshi’s website, the company is regulated as a Designated Contract Market, allowing trading in futures, swaps, and commodity options. Kalshi and its main competitor, Polymarket, both list event contracts, allowing users to bet on the outcomes of college games, particularly football and basketball. (The Block)

ETH rebounded toward $3,000 as stocks reacted positively to a cooler-than-anticipated CPI print, but this week’s $553 million spot ETHER ETF outflow could keep a cap on prices. source: https://cointelegraph.com/news/eth-nears-3k-after-cool-cpi-print-but-553m-ether-etf-outflow-raises-alarm?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

null source: https://x.com/angrycryptoshow/status/2001700751039443092

The prediction market sought permission from regulators to allow for listing event contracts based on college athlete transfers. source: https://www.theblock.co/post/383188/kalshi-backs-away-from-college-athlete-transfer-markets-after-ncaa-president-blasts-possibility?utm_source=rss&utm_medium=rss

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