wash

U.S. Senator Steve Daines (Republican from Montana, member of the Senate Finance Committee) has officially introduced a 56-page digital asset tax bill, named the "Aligning Digital Assets with Tax Principles Act" (ADAPT Act). The bill aims to establish clearer tax rules for scenarios such as stablecoin payments, network fees, staking, and lending, and plans to extend existing tax rules like wash sales and constructive sales to apply to digital assets.The core provisions of the bill state that taxpayers generally do not need to recognize gains or losses when using compliant U.S. dollar stablecoins to purchase goods and services, while exempting brokers from information reporting obligations for qualifying consumer transactions; however, this exemption does not apply to traders and market makers. The bill also extends wash sale rules and constructive sale rules to digital assets, with compliant stablecoins excluded from the constructive sale provisions to limit loss harvesting behavior in crypto assets.Additionally, the bill proposes to exempt digital assets used to pay for network, transaction, or gas fees of $10 or less from gain or loss recognition and allows qualifying digital asset traders and dealers to choose to account for them at fair market value. The bill also stipulates rules for income sources from staking and mining, a non-recognition framework for digital asset lending, a safe harbor for foreign investors' transactions, and definitions for digital asset classifications; most provisions will apply to tax years or transactions after December 31, 2026. Previously, the U.S. House Ways and Means Committee passed its own "Digital Asset Tax Certainty Act" on September 16 by a vote of 38 to 5.

On the afternoon of September 23 local time, President Xi Jinping arrived in Washington to begin a state visit to the United States.

According to Catcher Predict monitoring on-chain data, it predicts significant capital movements in the Polymarket. A large whale invested $330,124.69 in the "Washington Nationals vs. Detroit Tigers" event, specifically targeting the "Washington Nationals vs. Detroit Tigers" market. Based on the current transaction price, the latest corresponding winning probability for this target is 64%.

According to Catcher Predict monitoring, in the market prediction event "Washington Nationals vs. Detroit Tigers" on Polymarket, the option "Washington Nationals" in the sub-market "Washington Nationals vs. Detroit Tigers" experienced a dramatic fluctuation in winning probability, soaring from 52.5% an hour ago to the current 84.5% (a fluctuation of 32%). Please note the impact of relevant breaking news.

According to Catcher Predict monitoring, in the market prediction event "Washington Nationals vs. St. Louis Cardinals" on Polymarket, the "Over" option in the sub-market "O/U 13.5" experienced a dramatic fluctuation in winning probability, soaring from 0.5% an hour ago to the current 49.45% (a fluctuation of 48.95%). Please note the impact of relevant breaking news.

According to Catcher Predict monitoring, in the Polymarket event "Philadelphia Phillies vs. Washington Nationals," the "Over" option in the sub-market "O/U 7.5" has experienced a dramatic fluctuation in win probability, dropping from 73% an hour ago to the current 22.5% (a fluctuation of 50.5%). Please note the impact of related breaking news.

Justin Greenhill, Chief Investment Officer of SOLLINDA Capital Management, stated that the signals released by the Wash press conference are clearly hawkish, which may help alleviate the recent upward momentum of long-term bond yields at least in the short term.It is currently unclear how this will affect the stock market, but it is expected that as financial conditions tighten further, the performance of small-cap stocks will lag behind that of large-cap stocks.

The Federal Reserve raised interest rates as expected in September, after keeping rates unchanged at the July meeting. Federal Reserve Chairman Waller stated that three things have changed between the two meetings.He said that data released in recent weeks indicates that the U.S. economy is performing strongly, especially in the labor market. At the same time, inflation rates remained high throughout the summer, significantly above the Federal Reserve's target of 2% year-on-year inflation.Finally, he noted that geopolitical factors also prompted the Federal Reserve to change its assessment of the economic outlook, although he did not directly mention the U.S.-Iran conflict in the Middle East. Waller stated, "These three factors contributed to our firm and consistent decision today."

Federal Reserve Chairman Waller stated that credit flows remain strong.

In the preview of the press conference with Waller, the market is focused on whether he can rectify the communication mishap from July and clearly explain the logic behind interest rate hikes.Analysts from the French Foreign Trade Bank expect Waller to view interest rate hikes as a necessary measure to ensure inflation returns to target. In addition, the market will pay attention to Waller's views on inflationary pressures caused by energy and tariffs, as well as how he responds to Trump's calls for rate cuts, emphasizing the independence of the Federal Reserve.

According to Catcher Predict monitoring, in the market prediction event "Philadelphia Phillies vs. Washington Nationals" on Polymarket, the option "Philadelphia Phillies" in the sub-market "Philadelphia Phillies vs. Washington Nationals" has experienced a dramatic fluctuation in winning probability, dropping from 66.5% an hour ago to the current 48.5% (a fluctuation of 18%). Please note the impact of related breaking news.

According to Catcher Predict monitoring, the probability of the "Yes" option in the sub-market "Overtime" for the event "Los Angeles Angels vs. Washington Nationals" on the prediction market Polymarket has experienced significant fluctuations, rising from 17.5% an hour ago to the current 50% (a fluctuation of 32.5%). Please note the impact of relevant breaking news.

According to Catcher Predict monitoring, in the Polymarket event "Washington Nationals vs. San Diego Padres," the sub-market "Spread -1.5" option for "San Diego Padres" has experienced a dramatic fluctuation in winning probability, soaring from 12.5% an hour ago to the current 94.5% (a fluctuation of 82%). Please note the impact of relevant breaking news.

According to Catcher Predict monitoring, in the market prediction event "Washington Nationals vs. Los Angeles Dodgers" on Polymarket, the "Washington Nationals" option in the sub-market "Washington Nationals vs. Los Angeles Dodgers" has experienced a dramatic fluctuation in win probability, soaring from 36.5% an hour ago to the current 72.5% (a fluctuation of 36%). Please note the impact of related breaking news.

According to Catcher Predict monitoring, in the Polymarket event "Washington Nationals vs. Los Angeles Dodgers," the "Washington Nationals" option in the sub-market "Washington Nationals vs. Los Angeles Dodgers" has experienced significant fluctuations in winning probability, soaring from 52.5% an hour ago to the current 78.5% (a fluctuation of 26%). Please note the impact of related breaking news.

According to Catcher Predict monitoring, in the market prediction event "Washington Nationals vs. Los Angeles Dodgers" on Polymarket, the option "Los Angeles Dodgers" in the sub-market "Spread -1.5" experienced a sharp fluctuation in winning probability, soaring from 52.5% an hour ago to the current 83% (a fluctuation of 30.5%). Please note the impact of related breaking news.

Coinflip and its CEO Benjamin Weiss have been accused by the Washington State Department of Financial Institutions (DFI) of violating the Uniform Money Services Act. The DFI seeks to revoke Coinflip's money transmission license, prohibit the company and its related personnel from continuing to operate, and impose a fine of $1,029,600.The DFI stated that an inspection in 2025 found that Coinflip had insufficient anti-money laundering controls, inadequate transaction monitoring, failure to enforce transaction limits, inaccurate regulatory reporting, and unclear fee disclosures. The agency also accused Coinflip of failing to timely refund at least 15 customers as required. The proposed order requires Coinflip to refund eligible customers in Washington State, with customers aged 60 and above eligible for refunds of transaction fees and markup fees. Coinflip and Benjamin Weiss may request an administrative hearing to contest the allegations, refund requirements, license revocation, fines, and industry bans.

According to monitoring by Catcher Predict, in the Polymarket event "Atlanta Braves vs Washington Nationals," the "Yes" option in the sub-market "Overtime" has experienced a dramatic fluctuation in win probability, soaring from 8.5% an hour ago to the current 49% (a fluctuation of 40.5%). Please note the impact of related breaking news.

Bitget CFD Chief Analyst Lewis Huang stated that the hawkish remarks made by Powell at the Jackson Hole global central bank conference have shifted the market's focus from whether there will be a rate hike in September to the possibility that the Federal Reserve may maintain high interest rates for a longer period before inflation clearly falls back to the 2% target, and even retain the option for further tightening of policies.Lewis Huang pointed out that if subsequent CPI, PCE, and employment data continue to be strong, the U.S. 2-year Treasury yield and the dollar index may remain strong, putting continued pressure on gold from the dual forces of rising real interest rates and a strengthening dollar, which may also amplify the volatility of high-valuation tech stocks like the Nasdaq 100.Conversely, if inflation significantly cools and the labor market weakens, the market may lower its rate hike expectations, leading to a decline in the dollar and U.S. Treasury yields, providing support for gold and growth stocks.He added that besides the Federal Reserve's policy statements, traders should also pay attention to whether the U.S. 10-year Treasury yield is influenced by factors such as fiscal deficits, Treasury supply, and rising term premiums.Before and after the release of major data, it is recommended to moderately control leverage and assess market direction based on the interrelationship between the dollar, U.S. Treasury yields, gold, and stock indices.