A whale with a multi-million dollar position opened a 40x long position on BTC, with the stop-loss set at $74,700.

April 16 — A report from the Cato Institute, a U.S. think tank, argues the federal government should eliminate capital gains taxes on Bitcoin and other cryptocurrencies to ease their use as daily currency and foster fair competition among currencies, per Cointelegraph. Current U.S. tax law classifies Bitcoin as a capital asset, so using crypto to pay for goods or services triggers a taxable event requiring capital gains calculation and reporting. Even small daily transactions can generate voluminous tax documentation, significantly increasing compliance burdens. The Cato Institute aims to remove these policy barriers to crypto’s use as a currency. “Congress should simplify tax laws so ordinary Americans can easily meet their obligations,” said Cato researcher Anthony. “This would greatly ease tax season pressure and create a more competitive economic environment.” A 2025 survey found 39% of U.S. crypto holders have used crypto to purchase goods and services, while roughly 11,0

On April 16, OnchainLens data showed a crypto whale executed these moves: - Deposited 3,500 ETH (valued at $8.26 million) into Aave V3 - Borrowed 8 million USDC from the protocol - Bought 3,386 ETH at $2,363 each - Deposited the purchased ETH back into Aave V3 Currently, the whale holds 6,886 ETH, worth roughly $16.22 million.

Binance will launch pre-market trading for the CHIP perpetual contract starting April 16, 2026, at 15:15 UTC+8, per an official April 16 announcement. The contract offers a maximum leverage of 5x. USD.AI is a permissionless lending protocol that funds AI infrastructure, letting GPU operators tokenize their hardware as collateral for instant funding.

April 16th — Grant Cardone, billionaire CEO of real estate investment firm Cardone Capital, announced on X that he has purchased 500 prime properties and will acquire an additional 400 bitcoins. Since April last year, Cardone Capital has been building up its Bitcoin treasury and has consistently increased its holdings.

**Reuters Survey: Nearly Two-Thirds of Economists See BOJ Hiking to 1% by June End Amid Iran Conflict Uncertainty** Nearly two-thirds of economists expect the Bank of Japan (BOJ) to raise its benchmark interest rate to 1% by the end of June, according to a Reuters survey, with market bets on a hike this month or June roughly balanced amid uncertainty from the Iran conflict. The survey, conducted April 7–14, polled 71 economists: 46 (65%) predicted the policy rate would hit 1% by June, up from 60% in March and 58% in February. Of the 40 economists who gave a specific timing, 38% picked April and 35% chose June—up from last month’s survey, where 32% favored June (the highest share then), followed by 30% for July and 27% for April. Economists still broadly expect the BOJ to tighten policy this quarter, a view unchanged since the U.S. launched military action against Iran on Feb. 28. The conflict has amplified market concerns over rising energy prices, resurgent inflation, and fur