Bitcoin spot ETFs recorded USD 46.65 million in daily net outflows, led by Grayscale’s GBTC with USD 65.51 million in withdrawals.
Germany is preparing a 25% flat tax on crypto gains from 2028, potentially ending the one-year holding exemption for newly acquired assets.
Federal prosecutors in Mexico seized 300 crypto miners siphoning power from a hydroelectric complex, initiating energy theft investigations.
The crypto market saw major developments as spot Bitcoin ETFs recorded USD 46.65 million in net inflows, while Germany prepares for a 25% flat tax on crypto gains. Also, FIU-IND issued notices to 15 crypto platforms for non-compliance with AML requirements, and a USD 245 million crypto scam ring was caught.
According to SoSoValue, the Bitcoin spot ETF saw a total net outflow of USD 46.65 million yesterday. The Bitcoin Spot ETF with the highest net inflow yesterday was Bitwise's ETF BITB, with a daily net inflow of USD 14.47 million.
The second-highest was BlackRock's ETF IBIT, with a daily net inflow of USD 10.66 million. The Bitcoin Spot ETF with the highest net outflow yesterday was Grayscale's ETF GBTC, with a daily net outflow of USD 65.51 million.
The total net asset value of Bitcoin Spot ETFs is USD 99.52 billion, with an ETF net asset ratio of 6.31%. The historical cumulative net inflow has reached USD 55.57 billion.
Germany has prepared a 25% flat tax on cryptocurrency gains from 2028, potentially ending the country’s long-standing exemption for Bitcoin and other digital assets held for more than one year.
Der Spiegel reported that Germany’s Federal Ministry of Finance has drafted legislation that would bring crypto gains under the country’s capital income tax, or Abgeltungsteuer, putting them under the same 25% rate currently applied to gains from stocks and other securities.
The planned rules would apply to crypto assets acquired after January 1, 2027, while the tax itself would take effect in 2028. The draft has already been circulated among other federal ministries for review, according to the report.
India’s Financial Intelligence Unit has issued non-compliance notices to 15 crypto service providers and ordered action to take down their apps and URLs in India for operating without meeting the country’s anti-money laundering (AML) requirements.
The Financial Intelligence Unit-India said Tuesday that the notices were issued under Section 13 of the Prevention of Money Laundering Act, naming Weex, Blofin, Rezorex, Bitunix, DigiFinex, Toobit, XT.com, Latoken, WOO X, Pionex, ChangeNow, SimpleSwap, Fixedfloat, WhiteBIT and Guardarian.
The action was taken under powers linked to Section 79(3)(b) of the Information Technology Act and the Information Technology Rules amended in 2025.
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Malone Lam pleaded guilty on Tuesday to a racketeering conspiracy that drained more than USD 245 million in cryptocurrency.
The 22-year-old Singaporean citizen led a group that talked its way past people rather than past software. Prosecutors say the enterprise ran from October 2023 through at least May 2025.
According to the court documents, Lam was the ringleader of the international cybercrime conspiracy. He organized the enterprise, identified the targets, and coordinated the roles of the other conspirators. Lam used the aliases ‘Anne Hathaway,’ ‘$$$’ and ‘King Greavy.’
The scheme was developed through connections made on online gaming platforms. Its members operated from California, Connecticut, New York, Florida, and abroad.
The Mexican federal prosecutor’s office, the Navy, and Puebla state police recently raided a site in the remote Sierra Norte mountains of the state that had illegally connected to the Nuevo Necaxa hydroelectric complex, seizing about 300 crypto miners and confiscating equipment such as transformers, medium-voltage terminals, and satellite network antennas.
Local media reported the seized equipment was GPUs, indicating the mined coins might not be Bitcoin.
Mining is legal in Mexico, but prosecutors are preparing to file charges for electricity theft. The local security minister said investigators were alerted as the scale of the electricity connection in the remote location was unusually large, and similar activities are spreading to neighboring states.
Money laundering is not being ruled out, and forensic accountants are tracing the funding sources for the equipment.
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1. How much did Bitcoin spot ETFs record in outflows?
Bitcoin spot ETFs saw USD 46.65 million in net outflows. Grayscale’s GBTC led withdrawals with USD 65.51 million.
2. What is Germany’s proposed crypto tax?
Germany is reportedly preparing a 25% flat tax on crypto gains from 2028. The rules would apply to qualifying assets acquired after January 1, 2027.
3. Why did FIU-IND issue notices to 15 crypto platforms?
FIU-IND said the platforms were operating without meeting India’s anti-money laundering requirements. Authorities also ordered action against their apps and URLs.
4. What happened in the USD 245 million crypto scam case?
Malone Lam pleaded guilty to racketeering conspiracy charges tied to a scheme that stole more than USD 245 million in cryptocurrency through social engineering.
5. Why were crypto miners seized in Mexico?
Authorities seized about 300 machines from a site allegedly connected illegally to a hydroelectric complex. Prosecutors are preparing electricity-theft charges while also examining possible money laundering.