Bitcoin (BTC) is holding simply above $114,000 as buyers digest a brand new U.S. crypto report that would dramatically ease tax stress on miners. The White Home’s newest 168-page coverage proposal recommends taxing mining rewards solely when offered, not when obtained, mirroring how gold is handled.
Beneath present guidelines, miners pay taxes the second they earn Bitcoin, even when they don’t convert it to money. Subsequently, they usually should face a mismatch between tax legal responsibility and precise actual revenue.
So, by deferring taxes till the BTC is offered, the steered change might enhance miners’ profitability and make mining extra engaging to long-term buyers.
Why a buried tax element within the White Home's crypto report could possibly be a game-changer for bitcoin miners | The Block #PoweredByWORLD3 https://t.co/QZpGWAWrOJ
— Wolfram Edel (@EdelmanWolfram) August 5, 2025
BitFuFu, now a high world mining agency, says this shift would decrease entry limitations, particularly as U.S. vitality prices stay comparatively low regardless of rising tariffs on imported mining gear.
The proposal additionally floats the thought of making a strategic U.S. Bitcoin reserve, managed by way of the Treasury, utilizing confiscated digital property. Whereas quick on specifics, it exhibits a rising governmental recognition of BTC’s long-term relevancy.
Key takeaways:
- Mining revenue could quickly be taxed at sale, not when mined
- Proposal might finish double taxation for miners
- Strategic Bitcoin reserve floated by the U.S. Treasury
ETF Outflows & Financial Information Stress BTC
Regardless of long-term optimism, Bitcoin stays beneath near-term stress. Spot BTC ETFs within the U.S. recorded $196 million in outflows on Tuesday, marking 4 straight classes of investor exits. Since late July, over $500 million has left main funds, signaling waning institutional demand.
This capital flight coincides with weak financial information. July’s ISM Providers PMI dropped to 50.1, barely above contraction, whereas nonfarm payrolls additionally missed expectations. Coupled with geopolitical threat—Trump’s renewed tariff plans on tech imports—the setting has turned risk-off, prompting a retreat from unstable property like Bitcoin.
LATEST: Japan’s $214B SBI Holdings has filed to launch $BTC and $XRP ETFs. pic.twitter.com/5XdY97xxw5
— Cointelegraph (@Cointelegraph) August 6, 2025
But regulatory readability could assist shift sentiment. Japan’s SBI Holdings not too long ago filed for a Bitcoin and XRP ETF. If permitted, this may mark Asia’s first crypto ETF to incorporate each property and will open the door to elevated retail and institutional adoption.
In the meantime, within the U.S., the SEC dominated that liquid staking doesn’t represent a securities providing, eradicating a authorized cloud over Ethereum-based staking protocols.
SEC Chair Paul Atkins additionally launched “Mission Crypto,” geared toward crafting a extra supportive framework for digital property beneath the Trump administration.
Bitcoin Technicals: Bulls Defend $112K, Eyes on $115K
Technically, Bitcoin is buying and selling round $114,240, perched simply above the 50-period EMA on the 2-hour chart. After bouncing off help at $112,641, bulls have carved out a better low, hinting at accumulation. Nonetheless, the worth stays squeezed beneath a descending trendline originating from the July 31 peak.

Momentum is impartial, with RSI round 51. For bulls, the important thing battleground is $115,043. A bullish breakout simply above this mark can set off an upside worth motion towards $116,915 and $118,878, the place prior promoting stress exists. Nonetheless, a failure to violate this resistance mark might even see BTC revisit $112,640, and even check deeper helps at $110,7820 and $109,075.
Commerce setup to observe:
- Purchase above $115,043 with a goal at $116,915
- Cease-loss under $113,800 to guard in opposition to trendline failure
- Search for bullish engulfing candles or RSI >60 as affirmation
Bitcoin Hyper Presale Over $7.3M as Worth Rise Nears
Bitcoin Hyper ($HYPER), the primary BTC-native Layer 2 powered by the Solana Digital Machine (SVM), has raised over $7.3 million in its public presale, with $7,310,393 out of a $7,502,850 goal. The token is priced at $0.01255, with the following worth tier anticipated to be introduced quickly.
Designed to merge Bitcoin’s safety with Solana’s velocity, Bitcoin Hyper permits quick, low-cost good contracts, dApps, and meme coin creation, all with seamless BTC bridging. The undertaking is audited by Seek the advice of and engineered for scalability, belief, and ease.
The golden cross of meme attraction and actual utility has made Bitcoin Hyper a Layer 2 contender to observe in 2025. With staking, a streamlined presale, and a full rollout anticipated by Q1, $HYPER is gaining critical traction.
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