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Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestClaim1,200 USDT in the Monthly Creation Challenge Bitcoin faces $240B demand shock as ‘surprise’ tax refunds and new IRS crypt

Claim1,200 USDT in the Monthly Creation Challenge

Bitcoin faces $240B demand shock as ‘surprise’ tax refunds and new IRS crypto rules arrive

Bigger U.S. tax refunds, new crypto rules, and faster payouts are turning refund season into a real-world test of Bitcoin’s retail demand.
Bitcoin has spent the first half of April trading in the low $70,000s, with recent moves through the $71,000 to $75,000 zone keeping the asset close enough to its highs for retail attention to return quickly.

But there’s a more important change happening beneath the surface.

A lot of household cash is moving through the U.S. financial system as today's April 15 tax deadline arrives. This year, tax season is also more complicated for people who own crypto.

This overlap creates a more interesting situation than the usual talk about ETFs or the broader economy.

Recent IRS statistics show just how big the refund channel is now.

By April 3, the IRS had sent out 69.8 million refunds, up 3.1% from last year. The total amount refunded was $241.7 billion, a 14.5% increase, and the average refund rose 11.1% to $3,462.

Direct deposit refunds stood out even more.

The IRS reported 70.3 million direct deposit refunds, totaling $242.9 billion. The average direct deposit refund was $3,454.

That’s real money landing in household accounts at a time when Bitcoin is liquid, easy to access, and familiar enough that even a small investment feels possible for people who follow the market.

This link gets even stronger as the tax deadline approaches.

A recent MarketWatch report said the average refund is now about $351 higher than last year. The IRS has also received over a million fewer returns compared to this time last year.

The same report pointed to late-arriving forms and new crypto reporting rules as reasons for the slower pace of filings.

Together, these factors are changing how people talk about Bitcoin.




Bitcoin faces $240B demand shock as ‘surprise’ tax

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Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation Contest Blockchain Forum 2026, Moscow Circle CEO says China could launch yuan stablecoin within 3 to 5 years as currency race heats u

Circle CEO says China could launch yuan stablecoin within 3 to 5 years as currency race heats up

Circle CEO Jeremy Allaire told Reuters in Hong Kong that there is a "tremendous opportunity" for a yuan-backed stablecoin, predicting China could roll one out within three to five years as digital currencies become more integrated into global trade and finance.

The framing marks a shift from speculative idea to something closer to policy alignment. Reuters reported in August 2025 that Chinese officials were exploring a yuan-backed stablecoin to boost international adoption, a notable turn for a country that has banned crypto trading and mining since 2021.

Allaire has been making this case since at least 2023, when he argued stablecoins could outperform central bank digital currencies as a vehicle for RMB internationalization. At the time, Beijing’s stance looked firmly opposed. Authorities arrested individuals linked to CNHC, an offshore yuan stablecoin, and later that year reiterated restrictions on virtual currencies.

In the years since, stablecoins are now being treated less as speculative crypto products and more as financial infrastructure for cross-border settlement.

However, for China to launch a yuan stablecoin, Beijing would need to make the RMB fully convertible. It means that foreigners and markets would need to be able to freely exchange yuan in and out without tight government restrictions on capital flows or limits on how much money flows into and out of the country.

Without such full convertibility, a yuan stablecoin would be impossible, according to experts.



Circle CEO says China could launch yuan stablecoin

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Bitcoin's quantum debate splits as Adam Back pushes optional upgrades over forced freeze source-logo coindesk.com 1 h image The quantum computing threat has some of Bitcoin's most vocal developers lan

Bitcoin's quantum debate splits as Adam Back pushes optional upgrades over forced freeze
source-logo  coindesk.com
1 h
image
The quantum computing threat has some of Bitcoin's most vocal developers landing in wildly different places.

Blockstream's CEO, Adam Back, told Paris Blockchain Week attendees on Wednesday that Bitcoin developers should start building optional quantum-resistant upgrades now, even though current quantum computers remain "essentially lab experiments" with progress that has been "incremental" over the 25 years he has tracked the field.

"Preparation is key. Making changes in a controlled way is far safer than reacting in a crisis," the Blockstream CEO said.

Bitcoin's quantum debate splits as Adam Back pushe

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According to a report by Jinse Finance on April 16, NVIDIA CEO Jensen Huang stated in a recent episode of the Dwarkesh podcast that in the field of large language models, NVIDIA committed up to $10 bi

NVIDIA's Jensen Huang: Anthropic and OpenAI Set to Go Public, NVIDIA May Not Invest Further

HTX Community Spring Creation ContestBitcoin Up 2 Weeks: Beginning or End?Claim1,200 USDT in the Monthly Creation Challenge Shiba Inu Price Analysis: Here's What Next as Range-Bound SHIB Registers Gol

Shiba Inu Price Analysis: Here's What Next as Range-Bound SHIB Registers Golden Cross Shiba Inu remains stuck within a range on higher timeframes, but has made a golden crossover on the shorter timeframes. What could happen next?

Shiba Inu (SHIB) trades at $0.000005826, down slightly over the past 24 hours. Its price continues to consolidate while larger-cap coins recover considerably, a trend that saw it lose its place as the second-largest meme coin by market cap to MemeCore (M).

Market users are exercising caution amid the price weakness, as evidenced by a 16% decline in trading volume over the past 24 hours. Shiba Inu's open interest also took a hit, dropping 8% in the same timeframe to 9.37 trillion SHIB ($56.24 million). This suggests that both spot and derivative participants are looking elsewhere.

However, Shiba Inu recently printed a golden cross on the 30-minute timeframe, an optimistic sign despite the negative trend. For the uninitiated, this cross happens when the 50-period moving average pushes above the 200-period moving average, signaling that buying momentum is increasing.

Shiba Inu Price Analysis: Here's What Next as Rang

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HTX Community Spring Creation ContestBitcoin Up 2 Weeks: Beginning or End?Claim1,200 USDT in the Monthly Creation Challenge Pakistan Ends Bitcoin and Crypto Banking Ban, Opens Financial System to Lice

Pakistan Ends Bitcoin and Crypto Banking Ban, Opens Financial System to Licensed Firms

Pakistan has lifted its 2018 crypto banking ban, allowing licensed firms access to banking services under strict regulation while still prohibiting banks from directly holding or trading digital assets.

Pakistan's central bank has formally reversed its long-standing ban on banking services for cryptocurrency firms, allowing regulated banks to open accounts for licensed virtual asset service providers (VASPs) under a new legal framework.

The decision, announced in a circular by the State Bank of Pakistan and reported by Reuters, follows the enactment of the Virtual Assets Act 2026 and marks the country's first structured move to integrate digital asset businesses into its formal financial system.

Pakistan Ends Bitcoin and Crypto Banking Ban, Open

On April 16, the U.S. military announced that it will expand the scope of its maritime blockade against Iran to include smuggled items such as ammunition and weapons. Vessels suspected of transporting

U.S. Military to Expand Maritime Blockade Against Iran

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HTX Community Spring Creation ContestBitcoin Up 2 Weeks: Beginning or End?Claim1,200 USDT in the Monthly Creation Challenge Market Updates: Goldman Sachs Files for Income-Focused Bitcoin ETF, X Rolls 

Market

Updates: Goldman Sachs Files for Income-Focused Bitcoin ETF, X Rolls Out Smart Cashtags, Apple Pulls Fake Ledger App After $9.5M Loss The crypto and fintech space saw major developments today. Goldman Sachs moved to launch a new Bitcoin income ETF, while X expanded financial features. Meanwhile, Apple shut down a large crypto scam, and a key US Federal Reserve nominee disclosed deep ties to crypto and Al investments.

Goldman Sachs is deepening its push into crypto markets with a new ETF proposal filed with the US Securities and Exchange Commission (SEC) on April 14, 2026.

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According to the preliminary prospectus, the proposed Bitcoin Premium Income ETF seeks to balance steady income generation with long-term capital appreciation. Instead of holding Bitcoin directly, the fund will gain exposure through Bitcoin-linked exchange-traded products (ETPs) and derivatives.

Market Updates: Goldman Sachs Files for Income-Fo

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