FameEX Morning Crypto News Recap | September 26, 2025
2025-09-26 05:02:28New IRS Draft of W-9 Form Includes Digital Asset Compliance for 2026
On September 25, the IRS unveiled a draft revision to the W-9 form for January 2026, adding compliance measures for digital assets. Cryptocurrency brokers must collect and report transaction data, including capital gains from crypto and NFT trades. This revision, set to take effect in 2026, seeks to enhance tax transparency in digital asset dealings.
U.S. Core PCE Price Index Shows 2.6% Annual Growth in Q2
The U.S. annualized core PCE price index for the second quarter came in at 2.6%, exceeding the market's expected 2.5% and matching the previous quarter's value.
Federal Reserve's Goolsbee Links Stable Rates to De Facto Rate Cut During Inflation
On September 26, Federal Reserve's Goolsbee explained that holding interest rates steady during inflationary pressure effectively acts as a rate cut.
Bitcoin Exchange Activity Remains Low, With 70,000 Coins Traded on Average, Says CryptoQuant Analyst
Axel Adler Jr. from CryptoQuant highlighted that despite the low average exchange traffic of 70,000 Bitcoin, the market is showing signs of increased demand. The 30-day Z value of -0.7 suggests that buying pressure is slightly stronger compared to the annual baseline. As a result, all Bitcoin flowing into exchanges is being absorbed by buyers, causing a drawdown in exchange reserves.
JPMorgan Chase Forecasts Gold to Reach $4050-$4150 per Ounce in 2026
JPMorgan Chase Private Bank predicts gold prices will hit $4050-$4150 per ounce by mid-2026. A slowing U.S. economy could drive rate cuts, supporting gold's rise. Investors may consider structured products for better entry points, though the Federal Reserve hasn't provided a clear timeline for rate cuts.
Hong Kong SEC Promotes Development of Electronic Trading Platforms, Expands Tokenized Market Access
The Hong Kong Securities and Futures Commission (SFC) is focused on enhancing the market infrastructure by supporting the development of next-generation electronic trading platforms. These platforms will facilitate trading in bonds, foreign exchange, and repurchase agreements, aiming to increase market efficiency. The SFC plans to use licensed dealers and platforms to ensure regulatory compliance.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.