Mr. Yabby continues his diligent news reporting this week as well! He will leave no shell unturned, no oyster unopened, no cove uncharted, and most certainly no Kraken unprovoked if that means getting to the latest news and presenting them to you! A crowd of water dwellers has gathered on a moonlight coral reef. A number of jellyfish turn on their bioluminescent glow towards our news anchor as Mr. Yabby takes center stage to bring us this report.
Potential for Germany to Put Tax on Crypto
Germany has a one-year crypto-holding tax exemption, and their Social Democratic Party wishes to get rid of this practice and implement a 30% tax on all crypto profits. The country has, so far at least, seen crypto as private funds instead of foreign currency or asset. Individuals and businesses that use the digital currencies had a clear sense of what they might expect when it comes to taxation. If this changes they might opt for a different strategy. The party was second in German elections getting 16.4% of the vote. It is unclear whether their wish on the taxation will come to fruition as they do not hold a majority in parliament. This decision could have a big Impact on the country’s economy.
Could Codename:Pepe Reach for The Stars?
AI has been making waves in the crypto world, and it seems they will soon grow into tsunamis. Thanks to it security, trading and decentralized finances (DeFi) have become smarter and better than ever. Crypto has become more efficient and adaptable. AI-related crypto tokens have hit a combined cap of $7.02 billion in February 2025. As this is no small feet more and more investors are taking notice. One such AI project in the space has been getting traction. Codename:Pepe is an AI cryptocurrency project that hopes to fuse meme culture or AI and crypto. The hope is that in doing so it will gain more popularity and recognition worldwide. At the heart of it lies the $AGNT token, designed to unlock a suite of AI-powered tools for its holders, including real-time market intelligence, automated trading cues, and access to a decentralized autonomous organization (DAO) where strategy and governance are community-driven.
As with any investment in the crypto market, of course, it’s necessary to conduct thorough research and exercise extreme caution. As this is a new project there’s a lot of things that can affect it and not much data on it’s trajectory.
GameStop Wants to Invest in BTC
The company wishes to raise their debt to buy bitcoin. When they released this information in a statement their investors quickly reacted and shares significantly dropped. The video game company announced that their plan is to raise $1.3 billion selling their convertible senior notes to buy bitcoin. They are currently valued at $12.7 billion. As a reminder, GameStop got famous in May of 2021when a thread on Reddit organized people a bunch of people to all buy SameStop’s shares all at once. At that time big hedge funds were betting on the funds to go down. The hedge funds lost billions and it was seen as a moment when regular people stood up to Wall Street.
Tether Buys Again
A new investment for Tether, as the company allocated $10 million euros into an Italian news agency called Be Water. With it Tether now owns 30.4% of the company and claim they will strive to help and expand their digital content and support independent journalism. Tether’s CEO, Paolo Ardoino said that this investment will help to further strengthen their resolve and efforts in supporting technologically driven innovation in different industries. Apart from journalism, Be Water makes movies, documentaries and TV shows about modern social issues.
That’s it for this week’s news report folks! As always, have a wonderful rest of your day and let us know what you would like to hear about next week! For those of you interested in reading some fun and hopefully interesting stories you can check out our Casino Life segment where we cover all kinds of different topics! On the other hand, if you are looking for some exclusive bonus promotions you can browse through our promotion pages as well as Yabby’s Ocean Adventures!
