55m ago
BitMine faces $6.95B unrealized ETH loss as market slump hits corporate treasuries
Corporate Ether treasuries are under pressure after the latest crypto market correction pushed major holders such as BitMine Immersion Technologies into a $6.95 billion unrealized loss. SharpLink Gaming is also sitting on over $1 billion in paper losses, while Hong Kong-based Trend Research has sold tens of thousands of ETH at a loss and reduced its liquidation level. Some leading on-chain traders are using the downturn to accumulate spot Ether despite the mounting drawdowns.
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55m ago
1h ago
Budget 2026 Proposes Full Tax Exemption on MACT Compensation and Interest
In Budget 2026, the Centre proposed that compensation and interest awarded by Motor Accidents Claims Tribunals in cases of death, permanent disability or injury be fully exempt from income tax and from tax deducted at source, effective April 1, 2026, subject to parliamentary approval. This change would let accident victims and their families receive the entire MACT award without filing returns solely to reclaim TDS, easing their financial and compliance burden.
1h ago
1h ago
Chinese AI companies deploy new models and 4.5 billion yuan promotions ahead of 2026 Lunar New Year
In the run-up to the 2026 Lunar New Year festivities starting on February 15, Chinese AI firms are rolling out upgraded models such as DeepSeek's V4, Zhipu AI's GLM-5 and MiniMax's M2.2, alongside large-scale user acquisition campaigns. Alibaba plans to spend 3 billion yuan on incentives for its Qwen app, while Tencent and Baidu will allocate 1 billion yuan and 500 million yuan respectively to push their AI services during the extended nine-day holiday.
1h ago