Crypto Industry News & Market Trends

U.S. House weighs two crypto tax bills on Sept. 16

House tax writers have reportedly scheduled a Sept. 16 review of two bills that could change how U.S. miners, stakers and traders calculate federal taxes.　　The House Ways and Means Committee plans to consider H.R. 9175 and H.R. 9172 on Wednesday. The committees public calendar had not posted a markup notice as of Sept. 14, leaving the meeting time and final bill list unconfirmed in official records.　　The introduced bills address separate parts of the tax code. H.R. 9175 would create an optional income-deferral system for qualifying mining and staking rewards. H.R. 9172 would apply existing wash-sale and constructive-sale restrictions to covered digital assets.　　A committee markup would allow lawmakers to debate, amend and vote on the legislation. Reports that Republicans may remove the mining deferral or limit it to five years have not been confirmed through a published committee amendment or substitute text.　　The U.S. House Ways and Means Committee plans to review two crypto tax bills on Sept. 16.　　The Mining and Staking Tax Clarity Act would defer taxes on newly generated tokens until disposal, while treating the income as ordinary income. Republicans are reportedly considering… pic.twitter.com/nOeoYRuT1R　　— Wu Blockchain (@WuBlockchain) September 14, 2026　　Reported crypto tax markup remains off the calendar　　Representatives Mike Carey and

09-14Industry

Yen Up Near 4% This Month: Why a Fed Hike Could Force BOJ's Hand

The yen‘s four-week climb collides with the Federal Reserve’s Wednesday rate decision. The size of the Fed‘s move could decide whether Tokyo’s currency gains hold or reverse.　　The yen traded at 153.49 per dollar on Monday, just off the 152.89 seven-month high reached last week. Speculators turned net-long on the yen for the first time since February, marking a shift in positioning.　　Why the Fed Comes First　　Consumer prices in the U.S. accelerated in August, based on data released Friday. Traders now price Fed rate hike odds at 86% for Wednesday. That figure comes from the CME FedWatch tool, which estimates odds using futures pricing.　　The Bank of Japan meets two days later, on Friday. MUFG analysts said a quarter-point hike is already largely priced into markets. However, the bank said the yen needs a signal of faster future hikes to strengthen further.　　The Yen has held onto its gains made since the unprecedented US intervention. Image Source: Trading View　　A different risk applies if the BOJ leaves further hikes off the table for October and December. TD Securities therefore said that scenario could send dollar/yen back toward the 157 to 160 zone.　　The Stakes Reach Beyond Tokyo　　Hedge funds have already adjusted carry trade positioning as the

09-14Industry

Bitcoin buyers wary of July sub-$58K floor amid onchain data ‘anomaly’

Bitcoin (BTC) buyers avoided “buying the dip” as BTC price fell to $57,800 in July, analysis reports.　　Key points:The Bitcoin HODL Waves metric showed that buyers did not rush to enter the market as BTC/USD fell below $58,000 at the start of July.A single whale may have been among the only dip-buyers at the time, said analyst Willy Woo.Analysis continued to warn that the bear market shows no concrete signs of structural shift based on current price action.　　Willy Woo: Bitcoin bottom buyer could be lone whale　　Data from Bitcoins HODL Waves metric shows an unusually muted reaction to the most recent macro lows.　　HODL Waves group the BTC supply by how long coins have remained dormant in their wallets, plotting each group over time to create the charts signature wave-like pattern. The newest supply, coins dormant between one and seven days, offers insight into investor buying activity following key BTC price events.　　On July 1, BTC/USD briefly dropped below $58,000, reaching its lowest levels since September 2024. On that day, the portion of the supply dormant between one and seven days stood at 1.97%, per data from Look Into Bitcoin. The figure increased only marginally in the days after, reaching a mere 2.35% on

09-14Industry

US Republicans send ‘final’ CLARITY Act offer to Democrats

Senate Republicans on Sunday released revised text of the CLARITY Act aimed at swaying Democrats ahead of a procedural vote on Tuesday, featuring major changes to rules relating to government officials involvement with digital assets.　　The 635-page proposal, released by US Senate Banking Digital Assets Subcommittee Chair Cynthia Lummis alongside Chairmen John Boozman and Tim Scott, also includes changes to the Blockchain Regulatory Certainty Act (BRCA) and provisions governing stablecoin yield. Lummis said the new ethics provisions had been agreed to by US President Donald Trump.　　“After a year of intense daily bipartisan negotiations, this bill is ready,” she said. “President Trump voluntarily agreed to unprecedented ethics restrictions, holding every federally elected official, judge, and their spouses to some of the toughest ethics restrictions in US history.”　　The new bill text comes just two days before a procedural vote on the CLARITY Act on Tuesday at 2:15pm ET, which will determine whether the Senate can advance the bill toward floor consideration. The proposal has been described as a final offer on the bill, a Republican aide told reporters on Sunday.　　Key changes in final CLARITY Act text　　Lummis said the final bill text reflects a year of bipartisan negotiations and 126 changes made at the

09-14Industry

Revolut attackers threaten daily customer data leaks

Threat actors who obtained sensitive Revolut customer information appear to have begun posting the information online and are threatening to release more data every day until “revolut pays.”　　The newly leaked information reportedly includes selfies and copies of identity documents belonging to tennis player Alexander Shevchenko and Gamdom CEO Felix Römer, CEO of online crypto casino Gamdom, according to an X post from International Cyber Digest on Sunday.　　“Were going to start releasing more and more data everyday until revolut pays for leaking their customers,” the attackers reportedly said on Telegram. Cointelegraph reached out to Revolut and Römer for comment.　　The exposed identity documents and facial-verification images could increase the risk of identity theft. Revolut on Friday told customers the leaked data also includes customers full name, date of birth, occupation, contact information, account statements and full transaction history, including records of Bitcoin transactions.　　Related: Revolut says customer data exposed through fake government email　　Revolut told Cointelegraph on Saturday that the customer data was leaked due to a “sophisticated external impersonation scam” in which the attacker used an email address from a legitimate government agency domain email to submit fraudulent requests for information.　　Revolut later told Cointelegraph the breach affected a “⁠limited number” of customers, and

09-14Industry

Michael Saylor calls Bitcoin ‘digital capital’ - But BTC's bull case faces a reality test

Strategys Michael Saylor never misses a chance to praise Bitcoin [BTC] and its long-term potential.　　In a recent appearance on X, he went ahead and provided an investment thesis where he referred to Bitcoin as a form of “digital capital” and potentially a new global reserve asset.　　Why did Saylor refer to Bitcoin as an open global reserve asset？　　Strategy argues that Bitcoin combines qualities found across traditional assets – scarcity, portability, divisibility, global liquidity, independent verification, and the ability to transfer ownership without a central issuer.　　Hence, he believes that instead of viewing Bitcoin mainly as a payment network, investors should consider it as a store of wealth and potential hedge against the loss of purchasing power.　　However, in no sense did Saylor argue that Bitcoin must replace the dollar, banks, or traditional financial markets.　　Instead, he believes that Bitcoin could capture a portion of the monetary premium held in assets such as gold, real estate, equities, bonds, and collectibles. In fact, in a previous report published by AMBCrypto, Saylor called Bitcoin ‘digital monetary energy’ and said,　　Bitcoin is the engineering solution to the problem of money.　　Saylor does not view BTC through rose-colored glasses　　Besides shedding light on the theoretical aspect of Bitcoin. Saylor also highlighted a

09-14Industry

Euro softens below 1.1600 as markets price in Fed rate hike

The EUR/USD pair declines to near 1.1585 during the early Asian session on Monday. The pair extends the decline amid aggressive Federal Reserve (Fed) rate-hike bets following hotter US inflation reports. Traders brace for the Fed interest rate decision later on Wednesday.　　The US Consumer Price Index (CPI) accelerated in August, reinforcing expectations that the US central bank will raise interest rates next week. Data released by the Bureau of Labor Statistics on Friday showed that the US CPI rose 0.4% MoM in August, putting the 12-month increase at 3.4%. Both readings came in line with market expectations.　　Meanwhile, the core CPI, which excludes volatile food and energy prices, increased by 0.3% on a monthly basis, versus 0.2% prior, beating the forecast of 0.2%.　　Financial markets have priced in nearly a 91% probability of a quarter-point rate hike at the Feds September meeting, up from 72% before the US PPI data, according to the CME FedWatch tool.　　“There‘s no guarantee that the Fed will hike next week, but it’s hard to see how the central bank can justify leaving rates on hold,” said Chris Zaccarelli, chief investment officer for Northlight Asset Management.　　Discover more　　Finance　　NEWS　　Brokerages a daily close below this cluster would expose the pair to

09-14Industry

India launches tokenized bond pilot with $107M issued

Indias securities regulator and central bank have launched a tokenized corporate bond pilot, with three companies issuing a combined 10.25 billion rupees (about $107 million) through the new market infrastructure.　　On Thursday, the Securities and Exchange Board of India (SEBI) said Demat 2.0 allows corporate bonds to be issued and held as digital tokens on a distributed ledger owned by the country‘s statutory depositories. The system connects to the Reserve Bank of India’s (RBI) wholesale central bank digital currency (CBDC) through its Unified Market Interface.　　The first issuance came from public-sector lender REC, which raised 5 billion rupees from 18 investors on Monday. Engineering conglomerate Larsen & Toubro (L&T) raised another 5 billion rupees from four investors on Wednesday, while non-bank lender IIFL issued 250 million rupees in bonds to one investor on the same day.　　SEBI said the infrastructure allows issuers to receive funds on the day of bidding instead of two to three days later. The regulator said atomic settlement removes the delay between the movement of money and bonds, while smart contracts can automate interest and redemption payments.　　Pilot expands beyond initial REC plan　　In August, Reuters reported that India planned to test tokenized corporate bonds through an REC issuance of less

09-14Industry

The Oil Escape Route Went Dark, and Markets Are Feeling It

According to a myriad of reports, a drone strike reportedly launched from Iraq paralyzed Saudi Arabias East-West Pipeline, also known as Petroline. Between the pipeline and the Strait of Hormuz disruption, Brent crude oil prices jumped 3% to $109 a barrel.　　Key TakeawaysSaudi Arabias Petroline going offline helped send Brent 3% higher to $109, putting a critical oil route under pressure.Bitcoins price fell 0.8% to $76,611 as the Petroline mess gave already-jittery global markets another headache.CME has Wednesday‘s rate hike odds at 86.2%, while Petroline’s repair timeline could make inflation worse.　　Petroline Strike Sends Oil to $109 as Global Markets Flinch　　Earlier this week, drones crossing into Saudi Arabia from Iraqi airspace to strike pumping stations caused a great deal of alarm. Statistics show the Petroline funnels around four million barrels of oil every single day.　　Additionally, this specific route was Riyadh‘s mandatory bypass to keep crude flowing during the U.S.-Israeli war. Since the strike, Brent skyrocketed to $109 a barrel, while West Texas Intermediate crude jumped to $102.80. The market doesn’t like the implications of this matter one bit, and U.S. stock futures are lower on the news.　　The Dow shed about −0.3%, S Hong Kong futures are roughly flat to slightly up. Meanwhile,

09-14Industry

Australian Dollar declines to near 0.7150 as hot US inflation data boost case for Fed rate hike

The AUD/USD pair edges lower to around 0.7160 during the early Asian session on Monday. Stronger-than-expected US inflation reports provide some support to the US Dollar (USD) against the Australian Dollar (AUD). All eyes will be on the US Federal Reserve (Fed) interest rate decision on Wednesday.　　The US Consumer Price Index (CPI) rose 0.4% MoM in August, putting the 12-month increase at 3.4%, the Bureau of Labor Statistics reported Friday. Both readings were in line with the Dow Jones consensus.　　The core CPI, which excludes volatile food and energy prices, increased by 0.3% on a monthly basis, compared to the market consensus of 0.2%, and 2.4% on a yearly basis, down slightly from 2.5% in July.　　The CPI inflation data followed strong readings in several components of the Producer Price Index (PPI) released on Thursday, raising the specter of a Fed interest rate hike next week and supporting the Greenback.　　Financial markets initially priced in an 86.2% odds of a quarter-point rate hike at the Fed‘s September meeting, up from 72% before the CPI data, according to CME’s FedWatch tool.　　Discover more　　News　　Merchant Services & Payment Systems　　Digital Currencies　　A hawkish tone from the Reserve Bank of Australia (RBA) might help limit the Aussies losses. RBA Assistant

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