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Mike McGlone sees a stablecoin-led 'flippening' as USDT targets Ethereum and Bitcoin
On April 7, 2026, Bloomberg Intelligence strategist Mike McGlone said stablecoins could drive a major 'flippening,' with Tether's AUM potentially surpassing Ethereum in 2026 and later Bitcoin. He also warned Bitcoin may revisit much lower levels, citing a possible move toward $10,000 by 2026 and arguing that broad risk-market weakness and higher volatility could pressure crypto prices.
BTC
BTC-1.71%
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Japan sets crypto tax shift to 20.315% and targets FIEA enforcement on Jan. 1, 2028
Japan is reworking crypto taxation and oversight, including a move away from a miscellaneous income rate of up to 55% toward a 20.315% separate tax framework, with full enforcement tied to a Financial Instruments and Exchange Act (FIEA) update on Jan. 1, 2028. The package also adds a three-year loss carryforward and changes corporate treatment from the fiscal year starting April 1, 2026. Critics argue the 2028 schedule could slow the rollout of products such as bitcoin ETFs.
BTC
BTC-1.71%
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