If you’re buying, selling, trading, or earning cryptocurrency, it’s important to understand how it’s taxed and what you might owe. Here’s everything you need to know. When do you pay taxes on crypto? You generally owe taxes when you sell cryptocurrency for more than you paid for it. This also applies when you exchange one digital asset for another. Converting bitcoin into ethereum, for example, isn’t “just a trade” in the eyes of the IRS. It’s a taxable event if the value changes. Crypto taxes aren’t ...

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Core Insights - Altcoins are becoming essential diversification tools for investors seeking alternatives to bitcoin, with institutional adoption of blockchain infrastructure on the rise [1][2] - The altcoin market includes various tokens from platforms like Ethereum, Solana, and Avalanche, which aim to disrupt traditional finance [1][2] Altcoin Characteristics - Altcoins complement bitcoin by providing diversification opportunities, similar to the difference between small-cap stocks and blue chips [2] - CoinShares research categorizes altcoins based on their real-world utility versus speculative nature [2] Investment Products - CoinShares offers two investment products: the CoinShares Bitcoin ETF (BRRR) for direct bitcoin exposure and the CoinShares Bitcoin and Ether Strategy ETF (BTF) for exposure to both bitcoin and ether through futures contracts, with a 1.24% expense ratio [3] - Ether is treated as a proven asset due to its smart contract capabilities, distinguishing it from other speculative altcoins [4] Market Volatility - Altcoins exhibit greater price volatility compared to bitcoin due to their smaller market values and fewer participants, making them more sensitive to market changes [5] - For instance, during a market sell-off in October 2025, bitcoin fell 14%, while the Avalanche protocol experienced a 70% drop [5] Market Trends - Over 50% of nearly 7 million coins listed on CoinGecko since 2021 have disappeared, yet memecoins have reached a market cap of $57 billion as of October 2025 [6] - Traditional financial institutions are increasingly engaging with altcoin infrastructure, as seen with BlackRock's tokenized money market fund BUIDL on Ethereum, which amassed $2.8 billion in assets under management by October 2025 [7] Decentralized Finance Applications - The research highlights various investment categories, particularly decentralized finance applications like AAVE and Uniswap, which reduce transaction costs by enabling direct transactions without intermediaries [8]

Cryptocurrency Onramps - The New Money App aims to provide onramps to various cryptocurrencies [1] - Supported cryptocurrencies include Bitcoin, Ethereum, Solana, Sui, XRP, and Ton [1] Platform Focus - The app focuses on providing access to "everything onchain" [1]

Core Insights - The Federal Reserve chairman Jerome Powell indicated that another interest rate cut in December is not guaranteed, leading to a sell-off in stocks and other risk assets [1][2]. Market Reactions - Bitcoin prices dropped by 3% to approximately $110,000 following Powell's comments, marking a significant decline in the cryptocurrency market [2]. - Other major cryptocurrencies, including ethereum and XRP, also experienced declines, reaching their lowest levels of the day after the announcement [2].

Core Insights - Trump's executive order allows employers to invest 401(k) contributions into high-risk assets, including cryptocurrencies, reversing a previous Biden-era policy [2][5][6] - The change is expected to significantly impact the crypto market, with a notable increase in Bitcoin prices following the announcement [3][5] - Approximately $8.7 trillion of the $43 trillion retirement market is held in defined contribution 401(k) funds, indicating a substantial potential for capital inflow into crypto [5] Group 1: Executive Order and Market Impact - Trump's executive order is part of a broader push to legitimize cryptocurrencies and expand investment options for retirement plans [1][7] - The order opens the door for traditional alternative assets like private equity and real estate, alongside cryptocurrencies [2][5] - Following the announcement, Bitcoin surged to around $124,000 before dropping to approximately $117,000, highlighting the volatility associated with crypto investments [3] Group 2: Industry Reactions and Future Implications - Industry leaders, such as Michael Novogratz of Galaxy Digital Holdings, view the order as a significant win for the crypto industry, expanding access to a larger pool of capital [5] - The shift in policy is expected to attract more investors into the crypto ecosystem, particularly as major financial institutions begin to offer these investment options [4][5] - Employers will implement changes to their 401(k) plans at their own pace, suggesting a gradual transition rather than an immediate influx of investments [6]

Group 1 - Bitcoin (BTC) surged above $122,000, driven by investor interest amid US government shutdown uncertainty and seasonal trends [1] - October is historically Bitcoin's strongest month, with gains in 10 of the past 12 years, leading to the term "Uptober" in crypto markets [2] - Bitcoin closed September 4% higher, setting a higher expectation for October gains, despite recent volatility [3] Group 2 - The Treasury General Account remains well-funded, reducing concerns about liquidity being redirected from crypto to bonds [4] - Stablecoin adoption is expected to drive the next wave of crypto growth, with a significant increase in the supply of USDC, rising 19% quarter over quarter to $73.6 billion [5] - The demand for Circle's USDC is diversified across blockchains, with 62% on Ethereum, 14% on Solana, and 8% on Hyperliquid [6]

Core Insights - Bitcoin (BTC) surged over 4.5% to exceed $118,000 amid uncertainty from a potential US government shutdown and seasonal trends favoring crypto markets [1] - October has historically been a strong month for Bitcoin, with gains in 10 of the last 12 years, leading to the term "Uptober" [2] - The Treasury General Account remains well-funded, reducing concerns about liquidity being drained from crypto assets [4] Market Performance - Bitcoin experienced volatility, briefly dropping to $108,000 before rebounding, with analysts suggesting that false downside breakouts can set up bullish trends [3] - The token ended September 4% higher, setting a positive precedent for October gains [2] Stablecoin Dynamics - The supply of Circle's USDC stablecoin increased by 19% quarter-over-quarter to $73.6 billion, indicating strong demand and a shift from previous growth rates [5] - Stablecoin activity has been bolstered by recent legislation, providing additional support to the crypto market [4] - Demand for USDC is diversified across blockchains, with 62% on Ethereum, 14% on Solana, and 8% on Hyperliquid [6] Future Outlook - The anticipated rise in stablecoin adoption is expected to drive the next wave of crypto adoption, potentially impacting prices within 6 to 12 months [5] - A strong fourth quarter could pave the way for bullish targets in the crypto market [7]

Core Insights - The SEC has approved rule changes that are expected to increase the supply of cryptocurrency-related exchange-traded products (ETPs) in the U.S. market, starting with spot bitcoin ETFs in January 2024 and followed by spot ethereum ETFs six months later [1][2] - The approval of generic listing standards by the SEC aims to enhance investor choice and foster innovation in digital asset products, with a notable shift in advisors' attitudes towards investing in bitcoin due to a more favorable regulatory environment [2] - New ETFs have been launched, including the REX-Osprey DOGE ETF and REX-Osprey XRP ETF, providing investors with direct exposure to dogecoin and XRP [3][5] - Grayscale Investments has introduced the Grayscale CoinDesk Crypto 5 ETF, which tracks an index of five major cryptocurrencies, responding to growing investor demand for diversified crypto exposure [6][7] - The ETF industry is expected to continue developing new crypto products, with Rex-Osprey filing for approval of additional ETFs that may incorporate covered calls and leverage [8] Group 1: Regulatory Developments - The SEC's approval of rule changes is anticipated to lead to a greater supply of cryptocurrency-related ETPs [1] - SEC Chairman Paul S. Atkins emphasized that the new generic listing standards will maintain the U.S. capital markets as a leading venue for digital asset innovation [2] Group 2: New Product Launches - Rex-Osprey has launched the first U.S.-listed ETFs providing spot exposure to dogecoin and XRP [3] - Grayscale has launched the first multi-asset crypto ETP, the Grayscale CoinDesk Crypto 5 ETF, which includes bitcoin, ethereum, XRP, solana, and cardano [6][7] Group 3: Market Trends - A significant percentage of advisors (53%) reported that a crypto-friendly regulatory environment has positively influenced their investment attitudes towards bitcoin [2] - The ETF industry is actively pursuing new product development, with Rex-Osprey planning to launch additional ETFs in the near future [8]

Institutional Interest in Digital Assets - BlackRock 的数字资产策略负责人 @joechalom 提供了关于机构对以太坊需求的直接信息 [1] Industry Partnerships - SharpLink Gaming 值得关注 [1]