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A short-selling campaign targeting Wall Street's "tax avoidance business" is now aimed at a multi-billion dollar asset management giant. According to a recent letter to investors obtained by Bloomberg

A short-selling campaign targeting Wall Street's "tax avoidance business" is now aimed at a multi-billion dollar asset management giant.

According to a recent letter to investors obtained by Bloomberg, short-selling firm Orso Partners has established a short position in Affiliated Managers Group (AMG). AMG is an investment firm managing $813 billion, and its holdings include AQR Capital Management, founded by Cliff Asness.

Orso's logic is straightforward: AQR's core growth engine in recent years-its tax optimization strategy-is facing a direct threat from tightening regulations. Once regulations are implemented, AMG's profits will be the first to be affected.

Following the report, AMG's stock price fell as much as 1.7% to $294.28 that day, completely erasing its earlier 2.9% intraday gain.

How large is this "tax avoidance business"?

The continuous rise in US stocks over the past few years has allowed wealthy investors to accumulate substantial taxable gains. Wall Street subsequently saw the emergence of products called "tax-aware long-short strategies," specifically designed to help high-net-worth clients legally reduce their tax burden.

The operational logic is not complex: hold profitable stocks long-term to defer tax payments, while actively selling losing stocks to "reap the losses," using the losses to offset other gains, thereby reducing the current tax bill

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A short-selling campaign targeting Wall Street's "

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HTX Community Spring Creation ContestBitcoin Up 2 Weeks: Beginning or End?Vote to help HTX win & share 300 USDT!Crypto Winter Is Coming, Says CoinGecko The cryptocurrency market extended its decline i

Crypto Winter Is Coming, Says CoinGecko

The cryptocurrency market extended its decline in Q1 2026, transitioning into what CoinGecko describes as a sustained “crypto winter,” with total market capitalization falling 20.4% to $2.4 trillion.

According to the recent report, the $622 billion contraction marks a second consecutive quarterly decline, leaving the market roughly 45% below its October 2025 peak.

Much of the downturn occurred between mid-January and early February, coinciding with the nomination of Kevin Warsh as the next Federal Reserve Chair, signaling a potentially more hawkish monetary policy environment.

Market decline meets flight to stability

While the broader market weakened, stablecoins showed resilience. Total stablecoin market capitalization rose slightly by $1.6 billion to $309.9 billion, reinforcing their role as a liquidity anchor during periods of volatility.

Tether, however, recorded its first notable supply decline since Q2 2022, falling 1.6% to $184.1 billion, though it maintained a dominant 59% market share.

The divergence highlights a broader shift in capital allocation, with investors moving toward lower-risk assets while reducing exposure to more volatile segments of the market.

In terms of trading activity, Solana remained the leading chain for spot trading during the quarter, holding a 30.6% share despite a 26.5% drop in volume.

However, momentum shifted toward Ethereum in March, with Ethereum overtaking Solana to capture a 27% share compared to Solana’s 26%.

Crypto Winter Is Coming, Says CoinGecko

Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestClaim1,200 USDT in the Monthly Creation Challenge Goldman Sachs filed a registration statement with the SEC on April 14 for th

Goldman Sachs filed a registration statement with the SEC on April 14 for the Goldman Sachs Bitcoin Premium Income ETF, the first bitcoin ETF news from the Wall Street giant that proposes directly issuing its own crypto income product rather than simply holding third-party spot funds. Summary The fund will invest at least 80% of net assets in instruments providing bitcoin exposure, primarily shares of spot bitcoin ETPs such as BlackRock's IBIT and Fidelity's FBTC, then sell call options on those positions to collect monthly premiums. The options overwrite level will range from 40% to 100% of exposure depending on market conditions, capping some upside during rallies in exchange for steady income paid to shareholders. Bloomberg senior ETF analyst Eric Balchunas described the product as "boomer candy," noting that Goldman could leapfrog BlackRock's competing BITA fund by leveraging its distribution network and institutional client relationships. The Goldman Sachs Bitcoin Premium Income ETF, filed under the Goldman Sachs ETF Trust as a post-effective amendment, would not hold bitcoin directly. It routes exposure through spot bitcoin ETPs and then generates monthly income by selling call options against that position. The fund does not hold bitcoin itself.

Goldman Sachs filed a registration statement with

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Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestDaily $5000U Airdrop Rain: Claim Yours Now!The US government has moved around $606,000 worth of BTC to a Coinbase Prime wallet

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The US government has moved around $606,000 worth of BTC to a Coinbase Prime wallet, research from on-chain intelligence portal Arkham shows. While the value of the cryptocurrency involved was minuscule compared to the overall stash in the government wallets, the origin of these BTC can be traced back to the Bitfinex hack of 2016. The move is raising questions about whether this is a test run to transfer these BTC to institutional wallets, signaling the end of this nearly decade-long high-profile hack.The cryptocurrency exchange witnessed one of the largest cyber attacks in the history of the digital currency market, with users losing 119,754 BTC in total. Ilya Lichtenstein exploited a vulnerability in Bitfinex’s multi-signature withdrawal system, authorizing over 2,000 fraudulent transactions, and was able to steal a huge amount from the exchange’s wallets.American authorities recovered roughly 94,000 BTC from the hackers, and the stash has been sitting in government wallets ever since. It is worth a whopping $7.1 billion based on the cryptocurrency’s latest valuation. Ten years ago, it was worth just $71 million. Arkham tweeted:Lichtenstein and his wife, Heather Morgan, were both co-accused in this case and were arrested in 2022 under money laundering charges. Both received multi-year sentences after pleading guilty.While Arkham didn’t exactly say that the US government was dumping its multi-billion-dollar stash, Twitterati were quick to criticize Arkham’s choice of words, which may not be the case.One user replied:Another quipped:The truth is that there is a court-mandated restitution process in which the US government is obliged to return the BTC directly to the affected exchange, rather than liquidating it first and then paying it back.The US Department of Justice (DoJ) has been actively moving the seized Bitcoin to institutional wallets (s

The US government has moved around $606,000 worth

As early-stage capital continues rotating toward high-growth AI assets, Ozak AI is emerging as one of the most closely watched presale projects of the cycle. With the token still priced at $0.014 and 

Early Ozak AI Participants at $0.014 Could Be Positioned for Multi-Hundred-X Returns if Long-Term Ta

Stablecoin Inflows on Nexo Double as Investors Seek Passive Yield in As the market continues to fluctuate with price volatility and cautious sentiment, Stablecoins are taking on an increasingly import

Stablecoin Inflows on Nexo Double as Investors Seek Passive Yield in As the market continues to fluctuate with price volatility and cautious sentiment, Stablecoins are taking on an increasingly important role as a safe haven for investors seeking stability and yield. According to recent data from CryptoQuant, there has been a dramatic change in how investors are using stablecoins to protect their investments, create yields, or escape from volatility. Since February, Nexo has averaged $8 million/week in stablecoin deposits. Recently their average weekly stablecoin deposit amount has risen to $15 million, 



Stablecoin Inflows on Nexo Double as Investors See

WL: Ethereum L2/Sidechain

Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestClaim1,200 USDT in the Monthly Creation Challenge Market Updates: France Moves to Curb Crypto "Wrench Attacks"; Meta-1 Scam Op

Market Updates: France Moves to Curb Crypto "Wrench Attacks"; Meta-1 Scam Operator Receives 23-Year Jail Term; Tether Commits $150M to Drift Recovery

French authorities are stepping up efforts to protect cryptocurrency investors amid a sharp increase in violent, targeted attacks.

Speaking at Paris Blockchain Week, Jean-Didier Berger, minister delegate to the interior minister of France, said the government has already introduced preventive steps. Specifically, these include a dedicated platform to reduce so-called "wrench attacks," in which criminals use force to access digital assets.

The initiative is already seeing strong uptake, with thousands of users reportedly signing up. Berger also confirmed ongoing coordination with Interior Minister Laurent Nuñez on a broader national security strategy, which is expected to be developed in the coming weeks.

The urgency behind these measures is reflected in recent figures. French outlet RTL reported 41 crypto-related kidnappings so far in 2026. This suggests an incident roughly every two and a half days.

Market Updates: France Moves to Curb Crypto "Wrenc

Claim1,200 USDT in the Monthly Creation ChallengeDaily $5000U Airdrop Rain: Claim Yours Now!Post To Earn BonusCrypto rhetoric has long prized the ability to transact without gatekeepers, to move value

Crypto rhetoric has long prized the ability to transact without gatekeepers, to move value across borders without asking permission, and to hold assets no institution could seize.

Crypto culture treated these as design virtues, properties that builders embedded with ethical weight by deliberate architectural choice. Then the Drift exploit happened, and the backlash told a different story.

On Apr. 1, Drift suffered a major exploit. Circle later described the publicly reported losses as exceeding $270 million, while other reports put the figure around $285 million and documented criticism that Circle had not frozen stolen USDC as it moved across its cross-chain rails.

The attacker routed roughly $232 million in USDC from Solana to Ethereum using Circle's Cross-Chain Transfer Protocol. The backlash stemmed from users and observers wanting to know why Circle had not intervened sooner.

Days later, Tether CEO Paolo Ardoino posted that Tether had frozen 3.29 million USDT tied to the Rhea Finance attacker, framing the intervention as proof that “Tether cares.”

Crypto censorship resistance is questioned as majo

Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestMarket Rally! Claim Your AirdropAccording to Whale Alerts, 2.5 billion Dogecoin (DOGE) worth around $245 million have moved fr

According to Whale Alerts, 2.5 billion Dogecoin (DOGE) worth around $245 million have moved from Robinhood into private wallets. The token transfer took place over five transactions with 513 million tokens each. The movement is one of the most significant single-day liquidity drains in Dogecoin’s history. Let’s discuss if such a large movement of Dogecoin (DOGE) away from exchanges is a bullish development.2.5 Billion $DOGE Shifted Off Robinhood In Massive Institutional-Scale SpreeWhale Alert has tracked the movement of over 2.56 billion $DOGE, worth approximately $245 million, from Robinhood into private wallets.The transfer was executed across five transactions of 513… pic.twitter.com/sk8KshHokb— BSCN (@BSCNews) April 16, 2026Is The Dogecoin Movement Into Wallets Bullish?Source: RedditThe movement of coins away from exchanges is often considered bullish. This is because it reduces the chances of the coins being put for sale. The Dogecoin (DOGE) holders behind the massive exodus of coins may be anticipating a price surge for the memecoin, and may be reluctant to sell them now.The bullish outlook for Dogecoin (DOGE) could be due to X’s upcoming payment feature. X’s Head of Product, Nikita Bier, recently posted that “Crypto has had a rough year. Maybe we should launch something to fix it.”Bier’s post coincides with X owner Elon Musk saying that X Money may make its public debut in April 2026. Musk being a Dogecoin (DOGE) fan may have led to many believing that the memecoin will soon be integrated into the social media platform. Musk has enabled DOGE payments in several of his business ventures, such as Tesla and SpaceX merchandise. Therefore, it would not be a stretch to assume that a similar move could happen for X.Also Read: Dogecoin Faces Resistance At $0.094: When Will It Hit $0.10?Dogecoin (DOGE) has had a rough few months, and an X integration could b

According to Whale Alerts, 2.5 billion Dogecoin (D

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Valuation of $852 Billion, CEO Holds Zero Shares, Shareholders in a Power Struggle: Who Controls OpenAI?

How to Protect Your Digital Assets? A 15-Step Checklist from an OpenAI Co-founder

Norman Chan: Steadily Developing Hong Kong's Compliant Stablecoin Ecosystem

US Stablecoins Welcome New Regulations: Interpreting the FDIC Draft, How Bank-Issued Stablecoins Should Operate According to the Rules

Anthropic's 'Cry' Sparks Wall Street Panic! 27-Year-Old, Mythos Instantly Defeated by 8 AIs

From Failing to Start a Hedge Fund Before the Financial Crisis to Managing Trillions in Assets: BlackRock's Global Fixed Income CIO Shares Investment Philosophy

Crypto Market Structure Bill Enters Crucial Stage, Coinbase CEO Says “It’s Time”

Bitcoin Pulls Back To $71,000 As Profit-Takers Strike Again

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