The Bitcoin Policy Institute said the bipartisan support for a de minimis tax exemption for smaller Bitcoin transactions is "encouraging." The Bitcoin Policy Institute (BPI), an industry advocacy group, is eyeing a target window between March and August 2026 to pass a de minimis tax exemption for Bitcoin through Congress, warning that time to pass meaningful legislation is running out. BPI said it has engaged with 19 Congressional offices in both the House and Senate over the last three months to pitch US lawmakers on a tax exemption for Bitcoin (BTC) transactions below a certain threshold. Expanding the de minimis tax exemptions beyond dollar-pegged stablecoins has bipartisan support, but the BPI warned that the “window is narrowing” for Bitcoin tax legislation. The BPI said: Read more
Analysts at the investment company said the change was significant because the stablecoin “winner” will be the one people use for everyday transactions. Japanese investment bank Mizuho reported that stablecoin issuer Circle’s USDC overtook Tether’s USDt in transaction volume for the first time since 2019. In a research note released on Friday, Mizuho said it had raised its price target for Circle stock from $100 to $120 after comparing transaction volumes between the two major stablecoins. According to Mizuho, USDC (USDC) had about $2.2 trillion in adjusted transaction volume for the year to date, compared with USDt (USDT) at $1.3 trillion. “The data shows USDC vs. USDT volumes at 64% market share,” said Mizuho. This is a reversal in a long-term trend of USDT volumes surpassing USDC in 2019-2025.” Read more
Ether bulls appear to be targeting $2,800 as their next stop, but ETH futures data shows a divided market with limited odds for a sustained 33% rally. After reaching a monthly high of $2,209 on Friday, Ether (ETH) price fell back below a key monthly resistance, which has been tested five times since February. While onchain data highlights a large cluster of investors near $2,800, Ether’s futures market data shows traders are scaling back positions after this week’s rally. Data from Glassnode indicated that ETH’s cost-basis distribution heatmap shows a heavy accumulation near $2,800, where more than 3 million ETH were previously purchased. Read more
The USDC issuer's stock is soaring despite a market selloff as stablecoins expand into traditional finance. Meanwhile, Canaan boosts BTC reserves and Wells Fargo eyes crypto services. A selloff in both Wall Street and crypto markets hasn’t slowed Circle’s relentless rise. The stablecoin issuer’s stock has more than doubled since early February, with Bernstein analysts expecting further gains as stablecoins continue expanding beyond crypto’s more speculative use cases. The technology is already moving deeper into traditional finance. UK insurance giant Aon recently piloted stablecoin payments for insurance premiums with Coinbase and Paxos, a move that could make cross-border premium payments faster and more efficient. Elsewhere, Bitcoin (BTC) miner Canaan is taking a contrarian approach to treasury management, increasing its BTC holdings even as many competitors sell. And in traditional finance, Wells Fargo has filed a trademark for crypto-related services, suggesting large banks are still quietly preparing fo...
Bitcoin is on track for its strongest weekly return since its 2025 rally to new highs. Analysts highlight the price levels BTC must reach to sustain its current bullish momentum. Bitcoin (BTC) price rallied close to a monthly high near $74,000, posting a 10.42% weekly gain, its strongest seven-day return since September 2025. The spot market activity, exchange-traded fund (ETF) flows, and corporate-level BTC accumulation suggest a positive shift in demand, as analysts monitor whether the renewed buying pressure can support a rally to higher price levels. Crypto analyst IT Tech noted that the Coinbase premium gap, which measures the price difference between Bitcoin on Coinbase and global exchanges, currently reads +35.4, marking its first positive print in nearly ten weeks. Read more