The U.S. Treasury and IRS have released an interim guidance, which highlights plans to ease the Corporate Alternative Minimum Tax (CAMT) rule that mandated tax on unrealized Bitcoin gains. With this new guidance on the Treasury CAMT rule, companies like Strategy no longer expect to be subject to the rule due to its unrealized gains
Bitcoin strutted into ‘Uptober’ like it owns the block—because it kind of does. With a market cap of $2.32 trillion, a 24-hour volume of $61.04 billion, and a price peacocking around $116,800, this digital heavyweight isn’t just moving, it’s making moves. Intraday range? A spicy $112,819 to $116,900 per coin. Let’s unpack what the charts
‘Uptober’ is off to a good start. Bitcoin surged past $116,000 Wednesday morning, erasing most of its losses from the past two weeks and propelling the total market capitalization of all cryptocurrencies to $4.09 trillion. At time of publication, Bitcoin is trading at $116,441, up 3.1% on the day, per CoinGecko data. The bullish momentum
Daiwa Securities has begun introducing clients to a lending service from Fintertech, allowing them to secure yen funding using Bitcoin and Ethereum as collateral. The program, available across all domestic branches, targets high-net-worth individuals and business owners seeking liquidity without selling their digital assets. Daiwa Expands into Digital Asset Financing On October 1, Daiwa Securities
Polychain CEO Olaf Carlson-Wee say retail and institutional investors have different ways of approaching meme coins, with virality being a core value that drives the market. Summary Polychain CEO Olaf Carlson-Wee said institutions see meme coins as speculative “gambling tools,” while retail investors value them for their social and viral characteristics. He proposed tokenizing social
Bitcoin Core developers reversed their plan to deprecate the user configurability of OP_RETURN’s default datacarriersize just hours before the scheduled release of Core version 30 (v30), one of the most controversial and widely publicized changes to Bitcoin’s dominant software for thousands of node operators. Pull request (PR) 33453 was merged by Core maintainer Ava Chow
Bitcoin price is holding above $114,000 as institutional demand strengthens, with spot exchange-traded funds registering their largest inflows in weeks. Summary BTC trades is up 6.1% in 30 days and nearing $115K resistance. U.S. spot Bitcoin ETFs saw $429M inflows on Sept. 30, led by BlackRock. Technicals show neutral momentum but strong support, keeping the
Crypto VC funding ended September with a total of $2.19B, with several notable rounds. Investment activity remains lower than average, as funds shift their focus to new projects. Crypto VC funding in September reached a total of $2.19B, on the back of several large-scale deals. Funding activity is lower than average, as investors reconsider their
The ballooning financial deficit of France’s central bank may spur a new wave of money printing, potentially unlocking billions in new capital for Bitcoin. France’s central bank, the Banque de France (BdF), reported a net loss of 7.7 billion euros ($8 billion) in fiscal year 2024, mainly driven by negative net interest income due to
The data provided by Glassnode (shared by Phyrex (@Phyrex_Ni)) shows that bitcoin balances on exchanges decreased once again this week. This was a decrease of 0.23 percent or 400 BTC in seven days to bring the total balance to 171.9K BTC as compared to the 172.3K BTC. Monday Rally Linked to 500 BTC Withdrawal Monday