Better and Coinbase have launched a crypto-backed mortgage product that lets US homebuyers pledge Bitcoin as collateral for a down payment without having to sell it. Better Mortgage and Coinbase have made their Bitcoin-backed mortgage product generally available, allowing US homebuyers to pledge Bitcoin as collateral for a down payment without selling it, the companies announced Wednesday. According to Coinbase’s Help Center, the product pairs a Fannie Mae-backed home loan with a separate down payment loan secured by Bitcoin (BTC). Borrowers must pledge BTC worth at least 250% of the down payment loan, with the pledged BTC transferred to Better’s custodial account on Coinbase Prime. The two loans carry the same interest rate and amortization term and are repaid through a single monthly payment, Coinbase said. The pledged BTC is returned once the mortgage is fully repaid or refinanced, subject to the loan terms. Read more
The blockchain analytics firm said just 14% of the onchain activity it identified is covered by the OECD’s international crypto tax-reporting framework. Potentially taxable onchain crypto activity reached at least $457 billion globally in 2025, while international reporting rules may capture only a fraction of it, according to a new Chainalysis report. The US accounted for an estimated $112.6 billion of the total, while North America led all regions with $134.6 billion, followed by the European Union at $125.1 billion. The estimates include realized gains, income from activities such as mining, staking and lending, and crypto-denominated payments across six major blockchains, but exclude trading and other activity conducted within centralized exchanges. Read more
The securities regulator’s crypto custody overhaul could clarify how investment advisers and funds hold digital assets for clients as the proposal moves through review. The US Securities and Exchange Commission (SEC) is moving forward with plans to overhaul custody rules for investment advisers and investment companies, potentially giving institutions greater clarity on how they can hold crypto assets for clients while complying with federal securities rules. The proposed rule was sent on Aug. 25 to the Office of Information and Regulatory Affairs (OIRA), part of the White House Office of Management and Budget, for review before it can move back to the SEC and potentially be released for public comment. Read more