ChainCatcher news, according to CryptoQuant on the X platform, as the cycle approaches its final stage, Bitcoin's dominance may decline, and altcoins may experience sharper gains than in previous patterns.

ChainCatcher news, according to crypto KOL The Bitcoin Historian, Florida has proposed a bill to eliminate the capital gains tax on Bitcoin.

ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, the smart money address 0x8e3...25cdf spent 1.75 million dollars to buy 4.1 million tokens one minute after the opening on the NXPC chain, at an average price of 1.36 dollars, and has now gained over 2.4 million dollars in unrealized profit, with a return rate of 135%.

ChainCatcher news, according to Bloomberg, bipartisan senators in the U.S. are accelerating the push for a "rebirth" of stablecoin legislation supported by the crypto industry. Previously, the legislation was stalled due to controversies surrounding Trump's crypto investment portfolio. The primary Republican sponsor, Tennessee Senator Bill Hagerty, stated at the Capitol that both parties are continuing to advance the legislation, hoping for a vote by the Democrats before the holiday recess on May 26, as the Senate will focus on the Republican tax plan. He bluntly said, "It's time to see if reason can prevail."Progressive Democrats like Elizabeth Warren are pushing to ban officials like Trump from profiting from crypto investments during their terms, which has been rejected by Republicans. Chuck Schumer and others have complained that there is no public text for the bipartisan compromise. The primary Democratic sponsor, Maryland Senator Angela Alsobrooks, stated that senators are working hard, and she and four other Democrats have voted in favor in the Banking Committee. In the Senate, most legislation requires 60 votes, making Democratic support crucial. Executives from the crypto industry, such as the CEO of Coinbase, are pushing to resolve the deadlock, and the digital asset industry spent heavily last year to elect crypto-friendly lawmakers, a trend that may continue into the 2026 midterm elections.

ChainCatcher news, according to Fortune magazine, the bill that received final approval in Missouri on Wednesday will suspend the personal capital gains tax this year, making the state the first in the U.S. to eliminate capital gains income tax. Investors profiting from the sale of stocks, real estate, and crypto assets will be exempt from income tax. If state government revenue continues to grow, the corporate capital gains tax may eventually be eliminated.Capital gains refer to the profits earned from the sale of assets such as stocks, cryptocurrencies, or real estate. The federal government imposes a long-term capital gains tax on assets held for more than a year, with rates lower than ordinary income.

ChainCatcher news, the three major U.S. stock index futures have expanded their gains, with Nasdaq futures up 2%, S&P 500 index futures up 1.65%, and Dow futures up 1.26%.

ChainCatcher news, according to a report released by the New York Fed, the expected stock market increase in March will reach the lowest level since June 2022, and the expected unemployment rate will rise to the highest level since April 2020.The inflation rate is expected to be 3.6% in March next year, up from 3.1% in February. The expected inflation rate for the next three years remains unchanged at 3% in March. The five-year inflation expectation for March is 2.9%, compared to 3% in February.

ChainCatcher news, according to on-chain analyst Ai Yi's monitoring, the market capitalization of RFC has surpassed 100 million dollars. The original top address (9mKy1...7o4Ch) bought 16.21 million RFC tokens at an average price of 0.0174 dollars on April 7, and has not made any selling operations since then, currently realizing a floating profit of over 1.3 million dollars, with a return rate of 446.4%.

ChainCatcher news, after the United States suspended tariffs on popular consumer electronics, the dollar gained a slight respite from its recent plunge, raising some hopes that Trump might show flexibility in executing the trade war. However, this relief may be temporary, as Trump still commits to imposing specific import tariffs on consumer electronics and is reviewing microchips in the national security tariff investigation.Dane Cekov, a senior macro and forex strategist at Sparebank 1 Markets AS, stated, "For the dollar to sustain its rise, a swift and peaceful resolution to the trade war is necessary before the U.S. economy suffers long-term damage. As the effects of Trump's tariffs appear in hard data such as consumption, inflation, and labor market data, the dollar is likely to continue weakening in the coming months."

ChainCatcher news reports that, according to 4E monitoring, Trump may ease tariff plans, somewhat alleviating market anxiety over a full-blown trade war, supporting the continued rebound of U.S. stocks. On Tuesday, the three major U.S. stock indices rose slightly, continuing Monday's gains. The S&P 500 rose by 0.16%, the Dow Jones increased by 0.01%, and the Nasdaq gained 0.46%. Most large tech stocks were up, with Tesla rising over 3% for five consecutive days, accumulating a total increase of 28%.The cryptocurrency market is fluctuating upward, with Bitcoin retreating after reaching a high of $88,765 on Monday, and last night it broke through $88,000 again, showing strong upward momentum. As of the time of writing, it has slightly retreated, hovering above $87,000, with a 24-hour increase narrowing to 0.8%. Most sectors in the market are rising, with the Meme sector continuing to perform strongly. Current market sentiment is optimistic; historically, risk assets tend to perform best in the second quarter, especially in April each year.In the forex and commodities sector, the latest economic data showed weakness, causing the dollar index to turn down after reaching a nearly three-week high, ending a four-day winning streak; oil prices fell slightly due to the impact of the Russia-Ukraine agreement; with a poor economic outlook, spot gold rose by 0.31%, reversing a trend of three consecutive days of decline.The U.S. Consumer Confidence Index for March, released last night, fell below expectations, dropping to its lowest level in four years, reflecting consumer concerns about the economic outlook. The disappointing data significantly slowed the upward momentum of U.S. stocks, with the three major indices narrowly maintaining their gains. As the April 2 effective date for reciprocal tariffs approaches, the market is closely watching how related policies will affect economic growth and inflation.

ChainCatcher news, according to Bitcoin Laws, U.S. Senator Cynthia Lummis has reintroduced the Bitcoin bill to the Senate, after the previous 2024 version was shelved in committee. The new version proposes to purchase 1 million bitcoins over 5 years, similar to the previous version, but there are several key differences.The 2025 Bitcoin bill sets a stricter plan to purchase 200,000 bitcoins per year (instead of "up to" 200,000 in the 2024 version). The new version also strengthens the holding requirements and removes the exception clause regarding the repayment of federal debt instruments that was present in the previous version.The bill adds provisions to coordinate bitcoin purchases with the Exchange Stabilization Fund (ESF), which was not mentioned in the 2024 version. The ESF is a reserve fund of the U.S. Treasury, with approximately $39 billion in assets, and the executive branch's bitcoin acquisitions may draw on this fund.Regarding gold revaluation, the new version explicitly states that the proceeds from revaluing the Federal Reserve's gold will be used to purchase bitcoins, whereas the 2024 version only included these funds in the general fund, marking a significant change.

According to ChainCatcher's message, the latest "2025 Airdrop Status Report" released by Dragonfly shows that U.S. users missed out on significant cryptocurrency airdrop gains due to regional restriction policies. The report analyzed data from 12 airdrop projects (11 with regional restrictions and 1 unrestricted control project) between 2019 and 2023, estimating that between 920,000 and 5.2 million active U.S. users (accounting for 5-10% of U.S. cryptocurrency holders) were affected by these regional restriction policies.The study found that in 2024, approximately 22-24% of active crypto addresses globally belong to U.S. residents. The 11 projects in the sample collectively generated about $7.16 billion in value, with around 1.86 million users participating in claims, and the average median claim amount per eligible address was approximately $4,800. The report estimates that U.S. users lost potential gains of $1.84 billion to $2.64 billion due to regional restrictions between 2020 and 2024.More broadly, based on an analysis of 21 regional restriction airdrop samples by CoinGecko, U.S. users may have lost between $3.49 billion and $5.02 billion. This resulted in an estimated federal tax loss of about $418 million to $1.1 billion, and a state tax loss of approximately $107 million to $284 million, totaling tax losses of $525 million to $1.38 billion. The report also noted that the relocation of crypto businesses overseas has significantly reduced U.S. tax revenues; for example, Tether reported a profit of $6.2 billion in 2024, which, if fully subject to U.S. taxes, could contribute about $1.3 billion in federal corporate tax and $316 million in state tax.

ChainCatcher news, according to Cointelegraph, since Trump was elected President of the United States in November 2024, the total value locked (TVL) in DeFi protocols has completely retraced its previous gains.Analyst Miles Deutscher pointed out that since the U.S. elections, DeFi TVL surged to $138 billion on December 17, but had fallen back to $92.6 billion by March 10.As the meme coin craze fades, Solana has become a target, but Ethereum has also faced challenges in the recent cycle, failing to reach a new all-time high, while Bitcoin broke $109,000 on Trump's inauguration day (January 20).DefiLlama data shows that Ethereum's TVL has dropped by $45 billion from its cycle peak. Despite positive developments in the industry, such as the U.S. introducing spot ETFs and Trump signing an executive order to establish a strategic Bitcoin reserve, Ethereum has yet to break its all-time high of $4,787 set in November 2021.

ChainCatcher message, according to on-chain data analyst ai_9684xtpa's monitoring, a certain 20x short BTC address has seen its floating profit increase to 4.886 million USD. In addition, the 30x ETH short position of that address also has a floating profit of 190,000 USD, with an opening price as high as 2658 USD.

ChainCatcher news, according to market news, the White House cryptocurrency summit is not expected to announce a capital gains tax relief.

ChainCatcher news, according to CoinDesk, since President Trump won the U.S. election last November, the S&P 500 index has fallen by 2%, while Bitcoin has risen by 20%. Concerns over tariffs in recent weeks have erased all gains in the Nasdaq 100 and S&P 500 indices since Trump's election, but Bitcoin still maintains positive returns.Market leader Nvidia (NVDA) has fallen more than 20% since Trump's victory, while Meta Platforms (META) has been a standout among the "Tech Seven," rising about 10%. Bitcoin buyer Strategy (MSTR), although down more than 50% from its historical high in November, is still up 20% compared to before the election.

ChainCatcher news, according to Jinshi reports, the S&P 500 index has erased its gains since the election, evaporating $3.4 trillion in market value.

ChainCatcher news, Mike Alfred posted on the X platform: "The Trump administration is set to announce a zero capital gains tax on cryptocurrency transactions at the crypto summit on Friday."In response, Adam Cochran, a partner at Cinneamhain Ventures, stated: "Mike has blocked me for repeatedly fact-checking him, but that won't stop me. The president cannot unilaterally change tax law. Only Congress can. This is one of the few powers explicitly granted to Congress by the Constitution. Even if the president announces this decision or attempts to sign an executive order for it, it won't make it law. This is no more effective than me claiming to be a cupcake."