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Crypto

Illinois delays 0.2 percent digital asset tax by six months

Illinois will delay implementation of its 0.2 percent digital asset tax by six months. The start date moves from Jan. 1, 2027 to July 1, 2027, Cointelegraph reported. The change comes amid industry opposition and litigation. The Digital Chamber said state officials agreed to the delay in a court filing. The tax was enacted after Governor JB Pritzker signed a budget measure in June.

Crypto

Bitcoin edges higher as U.S. Treasury yields cool; key support levels in focus

Bitcoin regained the $84,000 level as a surge in long-term U.S. Treasury yields eased. The market reacted more to moves in 30-year and 10-year yields, with the 10-year yield retreating after hitting 5.342 percent, its highest since April 2002. Concerns about bond selling persisted. Traders cited heavy buy and sell interest near $84,500 and $82,900, while attention focused on support around $82,500.

Crypto

Altcoin deposits surge at exchanges, raising profit-taking concerns

A warning has emerged that short-term selling pressure could rise as altcoin deposits to exchanges surge. CryptoQuant said in a weekly report that altcoin inflows to exchanges climbed to the highest level since October 2025. Data showed 7-day cumulative altcoin deposit transactions reached 78,000 on Sept. 28, up about 160 percent from about 29,800 on Sept. 14. Deposit addresses nearly tripled to 51,600.