cryptomarkets

The United States is experiencing another political and economic shockwave. President Donald J. Trump has suggested that his administration is seriously considering a historic shift: a dramatic reduction — and potentially a complete elimination — of the federal income tax. According to Trump, the move is becoming realistic thanks to soaring tariff revenues that could offset the loss of tax income.
Trump claims that tariff collections have exploded since the new tariff system was launched in early 2025. In October alone, tariff revenues reportedly reached $31 to $34 billion, marking some of the highest monthly totals in modern U.S. history. If this trend continues, the White House argues that the federal budget could be funded largely through tariffs — echoing a system the U.S. relied on in the 19th century.

Trump says tariffs could replace income taxes for millions of Americans
Speaking to U.S. military personnel, Trump said that in the coming years Americans may see their taxes “significantly reduced” and possibly “completely eliminated.” He hinted that the federal income tax could be replaced almost entirely, because the new tariff regime is “bringing in such massive revenues.”
The president has not yet presented a detailed roadmap explaining how the phased dismantling of the federal income tax would work. However, it is clear that his vision leans toward restoring an old model — the pre-1913 era, before the 16th Amendment introduced federal income taxation.
Trump argues that the burden should shift from U.S. citizens to foreign producers and has repeatedly claimed that “Americans have been taken advantage of for decades.”

What Trump’s tariff policy looks like — and why he believes it works
Today’s U.S. tariff system is the most aggressive in decades. Trump has imposed duties ranging from 10% to 50% on most imports, fundamentally reshaping the structure of foreign goods entering the country.
His stated goals include:
boosting U.S. manufacturingreducing dependency on Chinaimproving America’s trade balanceusing tariffs as leverage in geopolitical negotiations
Trump also uses tariffs as a tool for broader policy objectives, including pressuring China to curb fentanyl flows and urging Mexico and Canada to tighten border and migration controls.

Legal fights and rising global tensions
This sweeping tariff strategy has not gone unchallenged. Legal experts argue that the administration bypassed Congress by invoking emergency powers from 1977. Earlier this year, a U.S. appeals court ruled that most of the tariffs were unlawful, though it temporarily kept them in place, creating a legal gray zone.
The White House has appealed to the Supreme Court to overturn that ruling — a process that may take months. Meanwhile, negotiations continue with key trade partners, especially China, Canada and Mexico, who have been warned they could face even higher tariffs if they fail to meet U.S. demands.
Trump also introduced the idea of “tariff dividends,” a program that would redistribute tariff revenues directly to Americans — at least $2,000 per person — excluding high-income households.

Economic impact: a revolution or a high-risk experiment?
Replacing the federal income tax with tariffs would be a monumental shift. Critics warn that tariffs can increase consumer prices, burden U.S. businesses and heighten inflationary pressures. Supporters argue that stronger domestic production, a more competitive U.S. economy and massive tariff receipts could power a new era of growth.
Tariff revenues are indeed reaching record levels. The core question is whether this influx is sustainable — and whether it can truly finance the complete elimination of federal income taxes.
Trump believes America can return to a model abandoned more than a century ago. If the plan gains traction, it would become one of the most consequential fiscal transformations in modern U.S. history.

#TRUMP , #USTariffs , #FederalReserve , #CryptoMarkets , #Fed

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Something doesn't feel right in the markets, does it?
You can sense it in the whispers between traders. You can see it in the way central bankers carefully choose their words. The global financial system is holding its breath, and 2026 might be the year it finally exhales—violently.
This isn't your typical recession warning or crypto winter prediction. What's brewing beneath the surface goes deeper than market corrections or banking failures. We're staring down the barrel of something the modern financial world has never truly experienced: a full-scale sovereign bond crisis that could reshape everything from your mortgage rate to Bitcoin's trajectory, from DeFi protocols to the dollar in your wallet.
And the warning lights? They're already flashing red.
The Sleeping Giant: Why Bond Markets Suddenly Matter to Everyone
Let's start with something most people ignore until it's too late: government bonds. Boring, right? Wrong. Dead wrong.
Sovereign bonds—especially U.S. Treasuries—are the foundation upon which the entire global financial architecture rests. Every mortgage calculation, every corporate loan, every derivatives contract, every piece of collateral backing the $600 trillion derivatives market takes its cue from one thing: the reliability and stability of government debt.
Think of Treasuries as the ground floor of a hundred-story building. When that floor starts cracking, every level above it begins to shake.
And right now, that floor is developing some serious fractures.
The MOVE index—the bond market's version of the VIX volatility gauge—is starting to climb. Bond volatility hasn't been this elevated since the chaos of 2020 and the mini-crisis of 2023. When bonds get volatile, it means uncertainty. When uncertainty hits the world's safest assets, panic isn't far behind.
Three Fault Lines Converging at Once
Here's where things get genuinely frightening. We're not dealing with one isolated problem. We're watching three massive structural weaknesses align simultaneously, like tectonic plates grinding toward the same breaking point.
Fault Line #1: America's Debt Tsunami
The United States is about to issue an unprecedented volume of debt in 2026. We're talking record-breaking levels of Treasury issuance at a time when everything that could go wrong is going wrong.
Budget deficits are exploding. Interest payments on existing debt are climbing into eye-watering territory—soon to become the single largest line item in the federal budget. Foreign buyers, traditionally the safety net for Treasury auctions, are stepping back. China has been quietly reducing its Treasury holdings. Japan, dealing with its own crisis, can't keep buying at the same pace.
Meanwhile, the primary dealers—the banks required to buy Treasuries when nobody else will—are already stretched dangerously thin. Their balance sheets are stuffed with long-duration bonds they purchased during previous auctions.
Recent Treasury auctions have already shown stress signals that should terrify anyone paying attention. Weaker demand. Bigger "tails" (meaning the government had to offer higher yields than expected to find buyers). Fading participation from indirect bidders. Rising volatility specifically at the long end of the curve—the 10-year and 30-year bonds.
Does this sound familiar? It should. This is almost exactly how the UK's gilt crisis exploded in September 2022, nearly taking down Britain's pension system in the process. Except this time, we're not talking about Britain. We're talking about the anchor of the global financial system.
Fault Line #2: Japan's Ticking Time Bomb
Now let's talk about Japan, because what happens in Tokyo doesn't stay in Tokyo—it ripples across every financial market on Earth.
Japan is simultaneously the world's largest foreign holder of U.S. Treasuries and the epicenter of the global carry trade system. For years, investors have borrowed yen at near-zero rates and invested in higher-yielding assets worldwide. This carry trade has quietly funded everything from emerging market debt to cryptocurrency speculation to U.S. tech stocks.
The USD/JPY exchange rate—currently hovering around dangerous levels—is the canary in the coal mine. If the yen weakens dramatically toward 160, 170, or even 180 against the dollar, the Bank of Japan will be forced to intervene aggressively to prevent capital flight and inflation.
When that intervention comes, two things happen simultaneously: Japanese institutions start selling their massive foreign bond holdings (including Treasuries) to bring money home, and the global carry trade begins unwinding as borrowing costs spike.
The result? Treasury yields shoot higher. Volatility explodes. Global liquidity vanishes overnight.
Japan isn't just another country facing economic challenges. It's a transmission mechanism that can amplify shocks throughout the entire system.
Fault Line #3: China's Hidden Debt Monster
Behind China's carefully managed façade sits a debt problem of staggering proportions: somewhere between $9 trillion and $11 trillion in local government financing vehicle (LGFV) debt and questionable state-owned enterprise obligations.
This isn't headline news because Chinese officials work overtime to keep it quiet. But the cracks are showing. Property developers continue defaulting. Local governments can't service their debts. Banks are drowning in non-performing loans they're pretending are still good.
When—not if—a major LGFV or prominent SOE finally collapses in a way that can't be papered over, the yuan will devalue sharply. Emerging markets will panic (most emerging market debt is dollar-denominated). Commodity prices will spike as China scrambles to stabilize. The dollar will surge as investors flee to safety.
And where do surging dollars and spiking commodity prices show up? In higher U.S. Treasury yields and tightening financial conditions worldwide.
China becomes the second amplifier in this deadly chain reaction.
The Trigger Event: When One Auction Changes Everything
So what actually lights the fuse?
The most likely scenario: a weak 10-year or 30-year Treasury auction sometime in mid-to-late 2026. One auction where demand comes in significantly below expectations. Where the Treasury has to offer yields much higher than the market anticipated just to find buyers.
That single moment could be the catalyst that sets everything in motion.
Yields spike. The dollar rips upward. Dealers step back, unwilling to catch the falling knife. Global funding markets seize up. Margin calls cascade through the system. Credit spreads widen dramatically. The repo market—the plumbing of the financial system—starts malfunctioning.
In the crypto world, Bitcoin and Ethereum get crushed in the initial wave. Not because anything fundamental changed with blockchain technology or Bitcoin's supply schedule, but because when liquidity vanishes, everything gets sold. DeFi protocols face massive deleveraging. NFT markets freeze. Tokenization projects that looked promising suddenly can't find funding.
Traditional assets fare no better. Tech stocks, which thrive on cheap money, lead the selloff. Equity markets drop 20-30% in a matter of weeks. Real estate markets seize up as mortgage rates jump. Even gold initially sells off as investors desperately raise cash.
This is Phase 1: the funding shock. It's fast, brutal, and indiscriminate.
The Response: When Central Banks Flood the System
Central banks won't sit idle while the financial system implodes. They can't. The political and economic consequences would be catastrophic.
So they respond the only way they know how: with overwhelming liquidity.
The Federal Reserve activates emergency swap lines with foreign central banks. Treasury buyback programs accelerate dramatically. The Bank of Japan intervenes massively in currency markets. Maybe we even see temporary yield curve control—the Fed stepping in to cap long-term Treasury yields directly.
These actions stabilize the immediate crisis. They prevent the complete disintegration of the bond market. They restore function to credit markets and provide the liquidity that was so desperately missing.
But—and this is critical—they don't solve the underlying problem. They just postpone it while flooding the system with newly created money.
And that flood of liquidity sets the stage for Phase 2.
Phase 2: The Great Inflation Wave and Hard Asset Boom
Once the immediate funding crisis passes, once central banks have injected trillions of dollars of liquidity into the system, once the panic subsides and everyone catches their breath... that's when the real opportunity emerges.
All that freshly created money has to go somewhere.
Real yields (yields adjusted for inflation) collapse as central banks suppress nominal rates while inflation accelerates. The dollar, after its initial surge, finally peaks and begins a multi-year decline. Commodities surge across the board as investors recognize the debasement of fiat currencies.
This is when gold breaks out to new all-time highs. When silver, with its smaller market and industrial applications, leads the precious metals charge even higher. When Bitcoin recovers dramatically, its fixed supply suddenly looking extremely attractive in a world of unlimited money printing.
Ethereum and other Web3 infrastructure plays benefit as blockchain technology offers alternatives to failing traditional finance. DeFi protocols see renewed interest as people seek yield outside the manipulated traditional system. Real-world asset tokenization accelerates as institutions look for ways to fractionalize and trade hard assets digitally. Even quality NFT projects recover as they're recognized as scarce digital property in an age of infinite digital dollars.
This is the 2026-2028 inflation wave. The period when the consequences of the emergency response become impossible to ignore. When hard assets—things that can't be printed or created out of thin air—dramatically outperform.
The funding shock creates the crisis. The central bank response creates the opportunity.
Why 2026? Why Not Earlier or Later?
Timing predictions are always dangerous in markets. But multiple cycles of stress are converging with remarkable synchronicity.
The U.S. debt refinancing wall hits in earnest. Japan's demographic and fiscal challenges reach a critical point. China's property and debt problems become impossible to contain. Political cycles in multiple countries create policy uncertainty. And the cumulative effects of post-pandemic monetary policy finally come home to roost.
Early warning indicators are already appearing. The MOVE index climbing. USD/JPY approaching intervention levels. Treasury auction metrics deteriorating. Credit spreads beginning to widen. Volatility rising across asset classes.
When you see the MOVE index, the yen, the yuan, and 10-year Treasury yields all pushing in the same destabilizing direction simultaneously, you're looking at a countdown clock measured in months, not years.
What the World Can and Can't Absorb
Here's the uncomfortable truth: the global economy can survive a recession. We've been through plenty. There are playbooks for managing economic downturns, mechanisms for stimulus, historical precedents to follow.
What the global economy cannot easily absorb is a disorderly sovereign bond market, especially in U.S. Treasuries.
There is no backup plan when the safest asset in the world becomes unsafe. No alternative foundation when the ground floor collapses. No playbook for when the benchmark that prices everything else stops functioning properly.
This is why 2026 matters. Not because recession is coming—recessions are normal. But because the pressure building in sovereign debt markets represents something the modern financial system has never truly dealt with: the simultaneous loss of confidence in government bonds across multiple major economies.
The initial shock will be painful. Asset prices will fall. Portfolios will shrink. Uncertainty will dominate headlines. Fear will be everywhere.
But if you understand what's coming, if you recognize that the crisis creates the response and the response creates the opportunity, you can position yourself not just to survive but to thrive in what comes next.
Because the 2026 funding shock, terrible as it will feel in the moment, sets the stage for the biggest hard asset bull market of the decade. The kind of move that creates generational wealth for those who understand the cycle and have the courage to act on that understanding.
The earthquake is coming. The question is whether you'll be buried in the rubble or standing on solid ground when it hits.
#CryptoMarkets #Bitcoin #DeFi #Web3

Bitmine Immersion Technologies (NYSE American: BMNR) continues to expand its massive Ethereum holdings. According to on-chain analytics platforms, the company added 14,618 ETH on Friday—at a time when institutional demand is rapidly accelerating and spot Ethereum ETFs in the U.S. are seeing renewed inflows.

Bitmine Immersion Adds 14,618 ETH Worth Over $44 Million
Onchain Lens reported on November 28 that the latest transfer originated from a BitGo hot wallet, delivering 14,618 ETH valued at $44.34 million directly into Bitmine’s reserves.
This purchase lifts the company’s total Ethereum holdings to approximately 3.6 million ETH, which accounts for roughly 3% of the entire circulating supply. According to Yahoo Finance, Bitmine Immersion has a corporate valuation of $12.19 billion, with cryptocurrency reserves totaling $11.2 billion, giving the company an mNAV of 1.08.
These acquisitions come at a time when large U.S. asset managers are once again moving aggressively into ETH through approved spot ETFs.

Institutions Are Buying Again – BlackRock and Fidelity Lead New ETF Inflows
Late November brought a surge of institutional activity. Both BlackRock and Fidelity recorded significant inflows into their spot Ethereum ETFs earlier in the week, just before U.S. markets paused for the Thanksgiving holiday.
Meanwhile, Bitmine Immersion has been aggressively accumulating ETH:
Earlier this week, the firm bought 28,625 ETH worth $82.11 million.One day prior, it acquired 21,537 ETH valued at $60 million from FalconX.
Altogether, Bitmine has purchased more than 64,000 ETH within just a few days—reflecting a very bullish accumulation strategy aligned with Tom Lee’s long-term positive stance on Ethereum.

BMNR Stock Surges as Institutional Holdings Jump Tenfold
Shares of Bitmine Immersion have reacted sharply to the recent activity.

On Wednesday, BMNR closed:
+9.79% at $31.74followed by an additional +3.65% in after-hours trading.
Institutional ownership has also increased dramatically: what was 10 million shares a month ago has now exploded to 100 million shares, signaling intense interest in both the company and the Ethereum ecosystem.

Ethereum Holds Above $3,000 as Market Awaits Option Expiry
Ethereum is currently trading at $3,019, reflecting almost 15% growth in the past week.

The 24-hour range sits between $2,987 and $3,043.

Trading volume over the past day has dropped by 31%, suggesting caution as the market prepares for today’s major ETH options expiry.

Despite lower volume, derivative metrics show renewed strength.

Open interest in ETH futures has increased by 0.71% in the past four hours, reaching $36.20 billion, although it remains slightly lower than the previous day.
Analysts point out that a daily RSI breakout on the ETH/BTC pair could spark the next wave of upward momentum. A weekly close above $3,000 is viewed as a key trigger that may push Ethereum into the $3,300–$3,400 zone.

Conclusion
Bitmine Immersion Technologies is aggressively expanding its Ethereum position at a moment when institutional investors are returning to the asset in force.

Strong ETF inflows, rising institutional ownership, and increasingly favorable technical indicators all suggest that Ethereum may be entering a new phase of growth.

#Ethereum , #ETH , #Bitmine , #CryptoMarkets , #CryptoAnalysis

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

🔥 Crypto Market Confidence Is Growing
Institutional participation and long-term adoption trends continue to strengthen the market. More companies, fintech firms, and payment providers are integrating blockchain solutions, proving that crypto is built for the future — not a passing trend.
💡 Blockchain = Real Utility
From cross-border payments to decentralized finance and tokenized assets, blockchain solves real-world problems. This utility is why serious investors trust the technology far beyond market volatility.
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Crypto offers transparent, borderless, and permissionless financial systems. Unlike traditional structures, blockchain lets users verify transactions themselves — reducing fraud, middlemen, and manipulation.
🌍 Global Adoption Is Accelerating
Governments, banks, and major enterprises are exploring or launching digital asset solutions. The shift toward digital money is already happening worldwide, and crypto remains at the center of that evolution.
💼 Long-Term Vision Beats Short-Term Noise
Scams exist in every industry, but crypto itself is not a scam — it’s a technology. Reputable projects, regulated exchanges, and institutional-grade frameworks show how far the industry has matured.
$BTC $ETH
$BNB

The cryptocurrency market is experiencing a period of sharp fluctuations, with Bitcoin recording its worst performance for the month of November since 2019. This decline has raised a wave of concern among traders, especially after a series of increases that had given the impression that the market was heading towards a strong recovery.

🔍 What is happening in November?

Price movement has significantly declined over the month, with trading volume dropping and buying momentum weakening.