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Mike McGlone sees a stablecoin-led 'flippening' as USDT targets Ethereum and Bitcoin
On April 7, 2026, Bloomberg Intelligence strategist Mike McGlone said stablecoins could drive a major 'flippening,' with Tether's AUM potentially surpassing Ethereum in 2026 and later Bitcoin. He also warned Bitcoin may revisit much lower levels, citing a possible move toward $10,000 by 2026 and arguing that broad risk-market weakness and higher volatility could pressure crypto prices.
BTC
BTC+3.37%
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Japan sets crypto tax shift to 20.315% and targets FIEA enforcement on Jan. 1, 2028
Japan is reworking crypto taxation and oversight, including a move away from a miscellaneous income rate of up to 55% toward a 20.315% separate tax framework, with full enforcement tied to a Financial Instruments and Exchange Act (FIEA) update on Jan. 1, 2028. The package also adds a three-year loss carryforward and changes corporate treatment from the fiscal year starting April 1, 2026. Critics argue the 2028 schedule could slow the rollout of products such as bitcoin ETFs.
BTC
BTC+3.37%
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Why Is Strategy (MSTR) Stock Up Today? $330M 'Buy the Dip' Bitcoin Move Spark 6.6% Rally
Strategy Inc (MSTR) shares climbed 6.56% on April 6, 2026, closing at $127.69. The rally followed a fresh disclosure that the company capitalized on recent crypto volatility to acquire an additional 4,871 Bitcoin (BTC). While the broader Bitcoin Treasury cohort has largely paused acquisitions, Strategy's aggressive move to lower its cost basis has reinforced investor confidence in Executive Chairman Michael Saylor’s high-conviction accumulation flywheel.
BTC
BTC+3.37%
4-7
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Q1 Capital Exited Crypto as USDT Fell 1.6%; Stablecoin Supply Jumps $10.3B on Ethereum
Crypto’s Q1 2026 downturn coincided with a 1.6% decline in USDT while the total market cap slid 20.8%, suggesting capital left the market rather than waiting on the sidelines. In April, Ethereum-led stablecoin activity picked up, including a near 2.6% monthly increase in USDT issuance volume on ETH and a $10.3 billion monthly stablecoin supply change on Ethereum. The shift has fueled debate over whether these inflows can help establish support and improve Q2 momentum.
BTC
BTC+3.37%
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