Group 1 - BitMine Immersion Technologies (BMNR) has transitioned from focusing on bitcoin mining to becoming the largest public ethereum treasury globally, holding over 4 million ETH [1] - The total value of BMNR's ethereum holdings significantly enhances its market position within the cryptocurrency sector [1] Group 2 - The company is recognized for its substantial assets in the cryptocurrency market, indicating a strategic pivot towards more diverse digital asset management [1]

Digital Assets - Digital assets companies have made progress with the passage of a light-touch regulatory law for dollar-pegged stablecoins, facilitating broader use of the technology in everyday finance [1] - The crypto industry is pushing for a comprehensive rewrite of securities and commodities laws to establish favorable regulations for cryptoassets, supported by a $263 million campaign war chest amassed in super-PACs [1] Energy Sector - Energy companies have secured a tax break exceeding $1 billion for oil and gas producers as part of the Trump tax package, allowing deductions for certain drilling costs under a 15% corporate alternative minimum tax [2] Private Equity - Congressional Republicans resisted President Trump's initial demands to raise taxes on carried interest, preserving a tax break favored by private equity, while also achieving an expanded interest expensing tax break [3] Technology Sector - America's most valuable company, Nvidia, successfully countered efforts by Republican China hawks to prioritize US companies for its products, aided by CEO Jensen Huang's lobbying in Congress and the White House [4] Healthcare and Renewable Energy - The healthcare sector, along with renewable energy companies, faced legislative challenges, while chipmakers and drug companies managed to avoid significant congressional interventions [5] Tax Cuts and Corporate Benefits - The Republican-controlled Congress has been favorable to corporate America, highlighted by a $4 trillion tax cut package that extended and added generous breaks for businesses [6] - Drug companies largely blocked legislative efforts aimed at controlling their prices, despite Trump's rhetoric on requiring price cuts [6] Defense Industry - The defense industry successfully increased the Pentagon budget by $150 billion as part of Trump's tax and spending package, with notable beneficiaries including Anduril Industries, Palantir Technologies, and Boeing [9] Financial Sector - The passage of stablecoin legislation poses a threat to the banking sector's dominance in the payments system, although bankers managed to block legislation aimed at reducing credit card swipe fees [16] Casinos - Professional gamblers are now limited to deducting only 90% of their losses against winnings under the new tax bill, prompting major casino companies to seek repeal of this provision [17] Airlines - Airlines incurred significant losses during the longest government shutdown, with Delta Air Lines estimating a $200 million revenue hit [18] Importers - Retailers and importers affected by Trump's tariffs received minimal support from lawmakers, as Republicans largely refrained from intervening in trade issues [20]

Cryptoassets & Investment - The report suggests that if an internet-native store of value (SoV) is valuable and centralized points of failure are undesirable, then certain cryptoassets behaving similarly to Bitcoin (BTC) in the long term are plausible [1]

ICYMI:BSCN (@BSCNews):JAPAN CONSIDERS CUTTING CRYPTO TAXES FROM 55% TO 20% FOR APPROVED TOKENS- Japan’s financial regulator, the Financial Services Agency (FSA), is considering a plan to classify 105 cryptoassets, including Bitcoin and Ethereum, as financial products, according to a local https://t.co/yqVGaFGO2a ...

Regulatory Considerations - Japan is considering classifying 105 cryptoassets as financial products [1] - Japan is considering pushing a flat 20% tax on cryptoassets [1]

Japan’s Financial Services Agency (FSA) plans to reclassify 105 cryptoassets, including BTC and ETH, as “financial products” and push for a tax overhaul in fiscal year 2026—reducing the current progressive crypto tax rate of up to 55% to a flat 20% capital gains tax. The agency is also considering new insider trading restrictions to prohibit affiliated entities from trading on undisclosed information such as token listings or financial conditions. https://t.co/iopkc91Xme ...

Market Overview - Crypto has reached escape velocity, indicating significant growth and adoption [1] - People value cryptoassets, suggesting a strong belief in their utility and potential [1] Market Cap - Five cryptoassets have reached a market cap of $100 billion or more, demonstrating substantial market capitalization [1] - The combined market cap of these 5 assets is approximately $3.2 trillion, highlighting the significant value concentrated in top cryptoassets [1]

RT Token Terminal 📊 (@tokenterminal)People borrow cryptoassetsOver $40 billion is actively borrowed via onchain lending marketplacesThe active loans figure has trended up consistently since January '23 https://t.co/GFpwjdPYAq ...

Market Overview - Cryptoassets are valued by people [1] - Five cryptoassets have reached a market cap of $100 billion or more [1] - The combined market cap of these 5 assets is approximately $32 trillion [1]

14 of the top 20 most traded cryptoassets are L1 tokensL1 defined as = general-purpose app platform and/or cryptocurrency https://t.co/pY87TAjYiA ...