Brazil’s crypto market showed signs of maturity in 2025, with higher transaction volumes, larger per-user investments and growing demand for low-risk products. Crypto activity in Brazil expanded sharply in 2025, with total transaction volume climbing 43% year over year as average investment per user crossed the $1,000 mark, according to a new report from crypto platform Mercado Bitcoin. The report, titled “Raio-X do Investidor em Ativos Digitais 2025,” claimed that the Brazilian crypto market is no longer driven purely by speculation but increasingly shaped by structured investing and portfolio planning. The data was based on activity across Mercado Bitcoin’s platform, the largest digital asset exchange in Latin America. Per the report, the average amount invested per person reached roughly 5,700 Brazilian reais, equivalent to more than $1,000. At the same time, 18% of investors allocated funds across more than one crypto asset, indicating a gradual shift toward diversification rather than single-asset bets. ...
US lawmakers are proposing a tax exemption for stablecoin payments of up to $200 and a multi-year deferral option for crypto staking and mining rewards. US lawmakers have introduced a discussion draft that would ease the tax burden on everyday crypto users by exempting small stablecoin transactions from capital gains taxes and offering a new deferral option for staking and mining rewards. The proposal, introduced by Representatives Max Miller of Ohio and Steven Horsford of Nevada, seeks to amend the Internal Revenue Code to reflect the growing use of digital assets in payments. The draft is set “to eliminate low-value gain recognition arising from routine consumer payment use of regulated payment stablecoins,” per the draft. Under the draft, users would not be required to recognize gains or losses on stablecoin transactions of up to $200, provided the asset is issued by a permitted issuer under the GENIUS Act, pegged to the US dollar and maintains a tight trading range around $1. Read more
As fog engulfed several areas of Karachi on Sunday morning and the city experienced “very unhealthy” weather conditions, flight disruptions and one road accident death were reported. Low visibility due to fog was reported from Super Highway, Surjani Town, Gulistan-i-Jauhar, I.I. Chundrigarh Road, Clifton and Defence. Updates on the Karachi airport’s website showed that multiple flights were cancelled or delayed in the morning. Pakistan Airports Authority spokesperson Saifullah Khan confirmed in a statement that six international flights scheduled to land in Karachi had to be diverted due to fog. The statement said that the diversion was a usual safety measure taken due to reduced visibility. It added that Pegasus Airlines, Eitehad Airways, Flyadeal and Gulf Air flights had been diverted to Muscat. Moreover, a Pakistan International Airlines flight that had departed from Madina, too, had to be divered to Muscat. Similarly, Fly Jinnah flight arriving from Jeddah was diverted to Islamabad. According to the Pakis...