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Congress wants to make crypto easier to use and still collect $500 million more in taxes

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Congress wants to make crypto easier to use and still collect $500 million more in taxes
A House crypto tax overhaul would raise an estimated $500 million while easing taxes on stablecoin payments and small fees. The House Ways and Means Committee is scheduled to consider H.R. 10357, the Digital Asset Tax Certainty Act, on Sept. 16, putting a broad rewrite of digital-asset taxation before lawmakers after months of negotiations over … Read more

Leveraged funds rebuilt 1,669 BTC of Bitcoin futures shorts before Fed

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Leveraged funds rebuilt 1,669 BTC of Bitcoin futures shorts before Fed
Leveraged funds, a CFTC category that includes hedge funds and other money managers, increased their combined net short across four regulated Bitcoin futures markets by 1,668 BTC in the week to Sept. 8. The BTC-normalized position widened to 39,876 BTC net short from 38,208 BTC a week earlier, according to CFTC futures-only data. The calculation … Read more

Bitcoin ETFs just lost $463 million as the Fed puts BTC at risk of losing $75,000

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Bitcoin ETFs just lost $463 million as the Fed puts BTC at risk of losing $75,000
US spot Bitcoin exchange-traded funds (ETFs) posted $462.7 million in weekly outflows, ending a three-week stretch of heavy investor demand. The funds recorded withdrawals across all four trading sessions in the holiday-shortened week, marking their first weekly loss since mid-August. SoSoValue data showed net withdrawals of $46.7 million Tuesday, the first trading day after the … Read more

Bitcoin’s oil risk stretches into 2027 as IEA cuts supply outlook again

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Bitcoin’s oil risk stretches into 2027 as IEA cuts supply outlook again
The International Energy Agency has cut its 2026 oil supply forecast and now expects full Gulf supply recovery in 2027, complicating the prospect of energy-driven relief in borrowing costs for Bitcoin investors. Its Sept. 11 report projects average global supply of 100.7 million barrels a day this year, down from 102 million in the Aug. … Read more

Altcoins gained 21% and still lost ground to Bitcoin. What would finally turn the tables?

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Altcoins gained 21% and still lost ground to Bitcoin. What would finally turn the tables?
Glassnode reported that altcoin market capitalization climbed 21% over the past month, while altcoins’ share of the combined Bitcoin-and-altcoin market fell 0.9 percentage points over 90 days, based on data as of Sept. 7. Capital has moved up the entire crypto ladder together, with Bitcoin absorbing most of the gain while higher-beta tokens held their … Read more

Another Bitcoin liquidity test arrives with Tuesday’s US tax deadline

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Another Bitcoin liquidity test arrives with Tuesday’s US tax deadline
Tuesday’s US estimated-tax deadline will shift cash toward the Treasury, testing whether last week’s improvement in bank reserves can hold through the Federal Reserve’s meeting. Bitcoin liquidity could come under pressure if the transfer tightens dollar funding and limits risk-taking before policymakers conclude their September 15–16 meeting. The IRS calendar sets September 15, 2026 as … Read more

Fed data shows hedge funds added $400 billion before Bitcoin’s September rate test

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Fed data shows hedge funds added $400 billion before Bitcoin’s September rate test
Newly released Federal Reserve data show domestic hedge funds expanded their gross balance sheets during the second quarter, months before the central bank’s September rate decision. The potential risk to Bitcoin is indirect. A policy surprise could raise funding or collateral demands across leveraged portfolios, forcing funds to find cash in liquid markets. Related Reading … Read more