Elon 小马哥
Elon 小马哥
马哥联合社区创始人，香港web3协会会员。2016年有幸认识徐明星徐总后面加入欧易节点，2025年bitget华语交易大赛第一名，希望区块链的各位朋友能一起建设区块链一起为了共同的事业奋斗！
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$BTC
#美参议院提出新加密税收法案ADAPT
The US Senate is at it again, this time targeting crypto taxation.
They introduced a bill called ADAPT, proposed by Senator Steve Daines on September 30. Let me break it down for you in a few points.
Buying things with compliant stablecoins will be tax-free. Small gas fees under $10 are also exempt. But the wash sale rule from stocks—"you can't buy back immediately after selling to claim a tax loss"—is now applied to crypto as well. The tax treatment for staking, lending, and ETF staking is also clearly defined. The bill is still in proposal stage and not yet effective.
So what does this mean for our crypto world? I'll tell you two things.
First, don’t treat this as a short-term positive. Extending the wash sale rule to crypto directly suppresses short-term traders and quant firms. Previously, you could sell at a loss and immediately buy back to claim a tax deduction; now that path is blocked. Compliance costs will rise, and the altcoin sentiment will definitely take a hit in the short term.
Second, it strengthens the foundation in the long run. Tax exemption for stablecoin payments paves the way for on-chain payments. With clear tax rules, traditional capital will dare to enter. This is a double-edged sword: it cuts you short term but protects you long term.
Here’s my take: compliance is a double-edged sword that will eventually clean up the market, leaving only the solid players.
What do you think?
$BTC $ETH
WLd
It's time to rebound
Don't be afraid
A wave of stretch is on the way
$WLD
Bnb
In the short term
Shorting is better than bottom fishing
DDdD
$BNB
Don't underestimate the potential of hype
At least in the short term
Its ceiling is very high
Buying the dip
is the best choice
DDdD
$HYPE
Regarding zec
The current view remains unchanged
Don't think about topping out
Buy on the dip
Still the best choice at present
DDdD
$ZEC
#首只NEAR现货ETF在美国上市
NEAR made big news with the launch of the first spot ETF in the US.
Ticker NRR, listed on NYSE Arca, issued by Bitwise, and custodied by Coinbase. What's interesting about this ETF is that it comes with staking, yielding about 5% annually, with returns directly included in the NAV. On the first day of listing, net inflows were $35.5 million, trading volume $15.1 million, and the fund size reached $36 million. Sounds good, right? But look at NEAR's price—it dropped 4%. A typical case of good news already priced in, as the market had anticipated this.
What impact does this have on our crypto space? I'll give you two points.
First, altcoins are taking another step toward compliance. Previously, only Bitcoin and Ethereum had spot ETFs; now NEAR has one too, indicating that the US is becoming more accepting of public chain tokens. More mainstream public chains may follow, which is a long-term positive for the entire altcoin sector.
Second, don't expect this news to pump the price directly. Opening a compliance channel is a long-term story, not a short-term price driver. NEAR's price action today is a live example—good news turned into bad news. So don't blindly rush in just because of the ETF; wait for a pullback to confirm support.
My view is simple: this gives long-term confidence, not a takeoff tomorrow. So don't treat it as a short-term trading opportunity, got it?
$NEAR $BTC
What do you think?
#SEC Chairman Atkins says they will advance clarity on on-chain fundraising rules
Isn't Congress stuck on this? This time, the SEC Chairman is not pretending; he directly came out to state that they won't wait and will use existing authority to clarify the rules themselves.
According to the news, the SEC plans to create a dedicated fundraising framework. It offers startups an exemption of up to $5 million within four years, and an exemption of up to $75 million in financing every 12 months. At the same time, they are establishing a safe harbor to give projects a place to land. They also previously promoted innovative exemptions for tokenized stocks. In short, although the CLARITY Act has seen no progress in Congress, the SEC is paving the way on its own.
So what impact does this have on our crypto community? Let me share two points.
First, in the short term, it is a reassurance. Now that the SEC has stepped up to clearly define compliance boundaries, project teams no longer have to guess whether they count as securities or worry about being knocked on the door. This certainty is worth more than anything.
Second, the channel for long-term capital inflow is gradually opening. Although this "Regulation Crypto Assets" is still in the proposal stage, the direction is already set. The compliance path is becoming clearer.
Here’s my view. Don’t keep focusing on whether the CLARITY Act passes or not. Clear rules are more important than lenient rules. The SEC’s pragmatic approach of filling legislative gaps with administrative rules is a structural positive for the entire industry. Don’t expect it to pump prices immediately, but this is the kind of work that strengthens the foundation steadily.
#US Treasury yields frequently hit new highs, long-term interest rate pressure remains unresolved
US Treasuries are causing trouble again.
The 10-year yield has reached 5.3%, and the 30-year yield is still hanging above 5.6%. The harshest is the spread on junk bonds; CCC-rated corporate bonds are more than 1000 basis points higher than US Treasuries. The last time this happened was during the regional bank crisis in 2023. The market is demanding increasingly higher risk compensation for low-rated companies—in plain terms, people are getting scared.
Interestingly, after the PCE data was released, the market's expectation for a rate hike in October actually decreased. According to the old logic, if rate hike expectations drop, US Treasury yields should go down, right? But the long-term rates don’t care at all; they’re still standing high. Short-term expectations are cooling off, but long-term rates are pushing up—these two are completely out of sync now.
Here’s my take. Don’t blindly chase the upside just because PCE looks good, and don’t assume the bull market is back just because rate hike expectations have dropped. The real danger now lies in long-term rates and credit spreads, not whether short-term rates go up or not. The longer this divergence lasts, the more pressure the market accumulates. Be patient; rushing in makes no sense. What do you think?
$BTC $ETH