More than forty countries worldwide are advancing cryptocurrency tax reporting systems, and the regulatory tightening trend continues to deepen. Meanwhile, the presidential candidate of Brazil has proposed a national Bitcoin strategy, aiming to create a unique asset allocation approach amid macroeconomic fluctuations.

Economist Ray Dalio recently issued a warning that political uncertainty brought by the US midterm elections could trigger market volatility risks. In this external environment, the valuation pressure on Bitcoin treasury concept companies continues to be under stress, and market disagreements over macroeconomic prospects are becoming increasingly prominent. From tightening tax policies to national strategic layouts, the position of crypto assets in the global financial system is undergoing subtle changes.