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According to Cointelegraph, a Chainalysis report indicates that tax evaders are using emerging digital assets such as Bitcoin Ordinals and BRC-20 tokens to bypass tax obligations. The Italian financial police have uncovered a case in which suspects generated and sold tokens using the Ordinals protocol and BRC-20 standard, concealing approximately $1.1 million in unreported capital gains. Chainalysis points out that the transparency of blockchain leaves a permanent record of tax evasion, which can be exposed through intelligence analysis and cross-referencing exchange data.

```htmlGolden Ten Data reported on May 21 that Benoit Anne, Managing Director and Head of Market Insights at MFS Investment Management, stated that the trade-off between inflation and growth is a concern for major central banks—in more extreme cases, financial stability also becomes a concern. Sometimes this involves certain policy trade-offs, especially as stagflation risks rise. "Among the current major central banks, the Federal Reserve may be in the most relaxed position," he noted, adding that the macro environment facing the Federal Reserve is characterized by rising inflation risks, but resilient economic growth. "This should mean a cautious policy stance moving forward, although there is some uncertainty regarding the direction the Federal Reserve will take under the new Chair."```

According to Foresight News, based on the 13F filing submitted by alternative asset management firm Millennium Management, its IBIT holdings decreased from 34.334 million shares on December 31, 2025, to 19.287 million shares on March 31, 2026—a reduction of approximately 43.8%, with the corresponding asset value dropping from about $1.705 billion to $741 million. ETHA holdings also fell from roughly 25.10 million shares to 16.50 million shares, a decrease of about 34.3%, with asset value declining to approximately $261 million. Both Bitcoin and Ethereum spot ETF positions were significantly reduced.