12 Officers Suspended as Crypto Theft Investigation Unfolds

Twelve police personnel have been reassigned to non-operational duties following an investigation into the alleged theft of cryptocurrency involving foreign nationals. Mohd Khalid Ismail confirmed that statements are being recorded and that further action will be determined upon completion of the probe. Authorities emphasised that due process will be observed and that enforcement agencies maintain a strict stance against misconduct. The case remains under active investigation, with updates expected once findings are finalised.

Bitcoin Slips Below $65K

Bitcoin fell below the $65,000 mark as heavy ETF outflows and cascading liquidations weighed on overall market liquidity, intensifying intraday volatility. Rather than being triggered by a single headline, the pullback reflects a combination of macro-driven risk aversion and positioning imbalances across derivatives markets. As global investors reassess exposure to risk assets amid shifting economic signals, digital assets are facing renewed pressure. The near-term direction now hinges on whether institutional flows stabilise and broader sentiment improves, or whether continued outflows extend the current corrective phase.

Netherlands Moves Toward 36% Tax on Crypto and Investments

The House of Representatives has advanced legislation proposing a 36% capital gains tax on savings, equities and cryptocurrencies, including unrealised gains. If approved by the Senate, the measure could take effect in 2028 and would represent one of Europe’s more stringent tax frameworks on digital assets such as Bitcoin. Supporters argue the reform modernises the taxation of financial assets, while critics warn it may encourage capital relocation and dampen long-term investment activity. The final outcome now rests with the Senate’s deliberation.