Market Insights

KEY TAKEAWAYS On September 10, 2026, Germany’s Federal Ministry of Finance circulated a draft bill (Gesetzentwurf) that fundamentally restructures the tax treatment of cryptocurrency gains. The proposal, which still requires approval from both the Bundestag and Bundesrat, would end a 15-year tax advantage that has made Germany one of Europe’s most crypto-friendly jurisdictions: the ability […]

KEY TAKEAWAYS What exactly failed Monday Before unpacking the politics, a technical clarification that most coverage will blur: what the Senate voted on on Monday was not the CLARITY Act itself but cloture on the motion to proceed – a procedural vote to allow formal debate on the bill. A yes vote would not have […]

KEY TAKEAWAYS What changed in 2026 For most of Bitcoin’s history, the quantum threat was comfortably distant. The working assumption was that breaking Bitcoin’s elliptic curve digital signature algorithm (ECDSA) would require a fault-tolerant quantum computer running around 9 million physical qubits — a machine that existing hardware could not plausibly approach for decades. Two […]

KEY TAKEAWAYS What the CLARITY Act actually does To understand why its delay matters, it helps to be precise about what the CLARITY Act would change. At its core, the bill ends what critics have long called ‘regulation by enforcement’ — the era in which the SEC and CFTC both claimed jurisdiction over digital assets […]

KEY TAKEAWAYS What STRC actually is Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC, Nasdaq) is a perpetual preferred share with no maturity date, designed to trade near its $100 par value. Its annualized dividend rate is adjusted monthly — currently 12.00% effective for July 2026 record dates, up from 11.50%, after STRC […]