🇺🇸🤔 A report indicates that buying coffee with Bitcoin daily in the US could result in over 70 pages of tax documentation.
Cato Institute researcher Nicholas Anthony highlighted that the capital gains tax on crypto assets like Bitcoin, classified as "capital assets," may trigger tax and reporting obligations when used for purchases, leading to increased compliance costs and undermining its use as "currency." He suggested abolishing the capital gains tax entirely or implementing a "small-amount tax exemption" for daily crypto transactions. #regulation
Cato Institute researcher Nicholas Anthony highlighted that the capital gains tax on crypto assets like Bitcoin, classified as "capital assets," may trigger tax and reporting obligations when used for purchases, leading to increased compliance costs and undermining its use as "currency." He suggested abolishing the capital gains tax entirely or implementing a "small-amount tax exemption" for daily crypto transactions. #regulation
🐳 CryptoQuant: Whales have accumulated 270,000 BTC in the past 30 days, the largest accumulation wave since 2013.
Bitfinex reported that BTC reserves on exchanges have fallen to their lowest level since December 2017.
Bitfinex reported that BTC reserves on exchanges have fallen to their lowest level since December 2017.
🇺🇸⚖️ CZ: Why I Decided to Go to the U.S. to Plead Guilty
Binance founder Changpeng Zhao (CZ) stated in an April 9 interview that he voluntarily went to the U.S. to plead guilty to avoid potential prosecution of Binance, which could negatively impact BNB holders and the broader crypto industry. He described prison time as "completely unexpected" and initially anticipated a sentence similar to Arthur Hayes, such as home confinement.
However, upon arriving in the U.S., the situation deteriorated, with the Department of Justice seeking a 36-month sentence, nearly double the high end of the guidelines. Although the judge ultimately sentenced him to four months, which surprised him, CZ accepted it as "another obstacle" in life. He noted that the experience caused significant mental stress, although he avoided physical harm.
Binance founder Changpeng Zhao (CZ) stated in an April 9 interview that he voluntarily went to the U.S. to plead guilty to avoid potential prosecution of Binance, which could negatively impact BNB holders and the broader crypto industry. He described prison time as "completely unexpected" and initially anticipated a sentence similar to Arthur Hayes, such as home confinement.
However, upon arriving in the U.S., the situation deteriorated, with the Department of Justice seeking a 36-month sentence, nearly double the high end of the guidelines. Although the judge ultimately sentenced him to four months, which surprised him, CZ accepted it as "another obstacle" in life. He noted that the experience caused significant mental stress, although he avoided physical harm.
🐳 #BTC Whales accumulated 270,000 BTC in 30 days, the largest buying spree since 2013.
Exchange reserves are at their lowest since December 2017. The supply to meet new demand is shrinking.
Exchange reserves are at their lowest since December 2017. The supply to meet new demand is shrinking.
🤔 Bankless: How Should We Handle Satoshi's 2 Million Bitcoins
On April 3, 2026, Bankless discussed the handling of the 2.3 million dormant Bitcoins belonging to Satoshi, which are at risk of quantum hacking. The hosts explored strategies from a recent Google paper, including a complete burn, an hourglass mechanism, and a pegged sidechain.
They also referenced CZ's perspective, suggesting that if these tokens remain inactive for an extended period, it may be better to lock or burn those addresses. The hosts expressed shock at the suggestion of destroying millions of Bitcoins, emphasizing the implications for property rights that underpin Bitcoin's existence.
On April 3, 2026, Bankless discussed the handling of the 2.3 million dormant Bitcoins belonging to Satoshi, which are at risk of quantum hacking. The hosts explored strategies from a recent Google paper, including a complete burn, an hourglass mechanism, and a pegged sidechain.
They also referenced CZ's perspective, suggesting that if these tokens remain inactive for an extended period, it may be better to lock or burn those addresses. The hosts expressed shock at the suggestion of destroying millions of Bitcoins, emphasizing the implications for property rights that underpin Bitcoin's existence.
💰📉 Top Crypto VCs Like Paradigm and A16Z See Portfolio Values Shrink Amid Market Downturn and Distributions to Investors: Fortune
Forwarded from VIPInside
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📊 Miner Reserves Declining.
Since the start of this cycle, miner reserves fell from ~1.862M BTC to 1.801M BTC, a net sell of ~61K BTC.
Recent on-chain verified selling:
• Riot Platforms: 4,026 BTC
• Marathon Digital: 13,210 BTC
• Core Scientific: 1,992 BTC
At the same time, AntPool miner balances have seen an uptick in recent days.
Live charts.
Since the start of this cycle, miner reserves fell from ~1.862M BTC to 1.801M BTC, a net sell of ~61K BTC.
Recent on-chain verified selling:
• Riot Platforms: 4,026 BTC
• Marathon Digital: 13,210 BTC
• Core Scientific: 1,992 BTC
At the same time, AntPool miner balances have seen an uptick in recent days.
Live charts.
🤔 Unified Labs has joined the Morpho protocol as a Risk Curator, becoming the first Asia-based team focused on RWA + DeFi use cases. Morpho currently has over $13 billion in total deposits, with Curators responsible for strategy design and risk parameter management without accessing user funds. Unified Labs aims to address the lack of localized Curator services in Asia and plans to launch related RWA Vaults in the future. #rwa