Stablecoin Tax Relief Bill Would Exclude BTC Purchases
The proposal would remove capital-gain and loss calculations from eligible dollar-stablecoin purchases of any size, while leaving Bitcoin checkout payments in the current tax system.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
The proposal would remove capital-gain and loss calculations from eligible dollar-stablecoin purchases of any size, while leaving Bitcoin checkout payments in the current tax system.
The reversal leaves the funds net positive for 2026, while Ethereum ETFs have recorded outflows for two straight days.
Treasury yields are the macro focus after the 10-year rate touched a 24-year high overnight, then pulled back before the September payrolls report.
950 $BTC (≈79.7M) moved from #Kraken to unknown wallet.
ETF inflows have outweighed direct security losses, but repeated exploits threaten to raise the cost and scrutiny of institutional adoption.
The rally reversed much of Bitcoin's first-half weakness after losses in both Q1 and Q2.
None of the 22 US spot funds tracked across both categories recorded a net inflow, leaving no positive fund flows to offset the withdrawals.
Muneeb Ali is set to lead Stacks Labs through what the project calls a growth phase, with Bitcoin staking already live.
A nine-day ETF inflow streak has ended, leaving Bitcoin without the buying pace analysts say it needs to clear a dense supply zone.
The bank's price target gives investors a benchmark for assessing its bullish Bitcoin outlook, not a reported market price.
Citi forecasts $5B in crypto investment-product inflows over the next year as advisers and brokerages gradually increase Bitcoin allocations.
1.3K $BTC (≈108.7M) moved from unknown wallet to unknown wallet.
1.4K $BTC (≈113.3M) moved from unknown wallet to unknown wallet.
Equity and credit fundraising remain central to Strategy's accumulation plan, though Saylor expects rising Bitcoin prices to make further purchases harder.
The bank’s higher 12-month target rests on a gradual return of ETF inflows and institutional allocations, not an immediate surge in demand.
The visitor-only rollout brings crypto-funded purchases to participating physical stores while merchants continue to receive yen.
The broader snapshot shows greed at 74 and BTC dominance at 56.3%, while regulatory and derivatives developments add to the day's watchlist.
The analyst sees $83K as the dividing line between a sustained move above the prior high and a reversal that could trap breakout buyers.
1.4K $BTC (≈119.6M) moved from unknown wallet to unknown wallet.
Cooler inflation and downward revisions to July's figures ease pressure on the Fed to keep interest rates elevated.
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "Stablecoin Tax Relief Bill Would Exclude BTC Purchases" — read at /en-US/a/stablecoin-tax-relief-bill-would-exclude-btc-purchases.