If passed, the plan would raise the capital gains tax rate for “certain high income individuals” to 28.8%, while eliminating the “wash sale” loophole for crypto users. Source: https://cointelegraph.com/news/us-lawmakers-propose-adding-digital-assets-to-wash-sale-rule-and-raising-capital-gains-tax

ONE price gained more than 100% after announcing plans to launch a $300 million ecosystem development fund. Source: https://cointelegraph.com/news/300m-incentive-program-backs-100-rally-in-harmony-one-price

LUNA price rallied to a new high above $45 following the launch of the ‘Project Dawn’ funding initiative and the upcoming Columbus-5 mainnet upgrade. Source: https://cointelegraph.com/news/project-dawn-initiative-and-upcoming-mainnet-upgrade-back-luna-s-new-ath

Ethereum competitors and layer-one projects are capitalizing on the network’s untenable gas fees by launching mining and developer incentives that are also boosting token prices. Source: https://cointelegraph.com/news/altcoin-roundup-high-ethereum-fees-kick-start-a-liquidity-migration-to-layer-1-platforms

Source: https://cointelegraph.com/magazine/2021/09/09/shanghai-man-billionaires-buying-crypto-punks-arbitrum-finding-traction-and-blockchain-powered-stock-markets-2

The DYDX governance token becomes the latest airdrop to surpass $100,000 for the most active users, and the DEX’s transaction volumes highlight the rising popularity of layer-2 platforms. Source: …

Afterpay told the Australian Senate that using crypto could cut payments costs for merchants, and that the government should work to create a framework for an AUD-backed stablecoin. Source: …

Bitcoin’s steady climb toward new highs is bringing about the usual breakout from legacy altcoins like LTC, BCH and XLM. Source: https://cointelegraph.com/news/52k-bitcoin-price-triggers-rally-in-large-caps-like-litecoin-stellar-and-bitcoin-cash

BTC bulls are still trying to flip $50,000 to support and if this occurs LTC, FIL, FTT and MIOTA could rally higher. Source: https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-ltc-fil-ftt-miota

Investors watch trading volume and other momentum indicators alongside descending channel patterns to better gauge when to open and close trades. Source: https://cointelegraph.com/news/traders-know-not-to-go-long-when-this-classic-trading-pattern-shows-up