The Historic $1 Bitcoin Purchase That Changed Everything

A survey of 3,000 crypto investors reveals a significant gap in tax preparation behavior. While **76% of respondents acknowledge that their cost basis might be problematic**, only **35% have actually taken steps to correct it**. **Key findings:** - Most crypto investors are aware of potential tax reporting issues - The majority fail to address these problems before filing - Cost basis accuracy remains a critical concern for 2026 tax season A detailed breakdown of common mistakes and solutions is available through a collaboration with CoinTracker. The report covers: - What's changing in crypto tax reporting - Common errors investors make - Steps to ensure accurate cost basis before filing Learn more: [2026 Crypto Tax Report](https://www.cointracker.io/2026-crypto-tax-report) **Action item:** Review your cost basis records now to avoid complications during tax filing.

Brokers are issuing **Form 1099-DA** for the first time in 2026, marking a significant change in crypto tax reporting. **What the form includes:** - Gross proceeds from your crypto sales - **No cost basis information** **The critical issue:** If you don't report your cost basis yourself, the IRS may default it to $0. This means your entire sale amount could be treated as taxable profit, potentially resulting in taxes on gains you never actually made. **What you need to do:** - Review your Form 1099-DA when it arrives - Calculate and report your actual cost basis - Ensure accurate reporting to avoid overpaying taxes The form standardizes how centralized platforms report crypto transactions, but the responsibility for complete and accurate reporting remains with taxpayers.

Coinbase has partnered with mortgage lender Better to offer crypto-backed conforming mortgages in the United States. **Key Details:** - Homebuyers can use Bitcoin (BTC) or USDC as collateral for down payments - No need to sell crypto holdings to purchase a home - Better is a Fannie Mae-approved mortgage seller - Product aims to increase homeownership access for crypto holders The service allows Americans to maintain their crypto portfolios while accessing traditional mortgage financing. By using digital assets as collateral rather than liquidating them, buyers can avoid potential tax events and keep their investment positions intact. The product will be available through Better's platform, with Coinbase providing the infrastructure to secure and manage the crypto collateral. [Learn more about the program](https://www.coinbase.com/blog/coinbase-powers-the-first-crypto-backed-conforming-mortgages-by-better)

Coinbase has partnered with Better to offer crypto-backed mortgages, allowing users to secure home loans without selling their digital assets. **Key Features:** - Borrowers can keep their crypto holdings and continue earning rewards - Loans carry the same Fannie Mae backing as conventional mortgages - Coinbase One members receive a 1% rebate (up to $10,000) on mortgage value to cover closing costs **How It Works:** The mortgages are structured as conventional loans, with Better handling underwriting and servicing. Coinbase facilitates the crypto pledge but doesn't provide mortgage advice or participate in loan approval. **Important Considerations:** Loans are subject to credit approval. Tax treatment of crypto pledges varies, and borrowers should consult independent tax advisors for reporting requirements. This product bridges traditional real estate financing with crypto asset management, offering an alternative to liquidating holdings for down payments.

**Major shift in gas market expectations** Traders significantly repriced the natural gas market overnight, moving beyond just the $4.00 price level. This represents a substantial change in market sentiment and pricing dynamics. **Key development:** - Market expectations shifted dramatically from a 90% probability of gas staying above $4.00 to just 50% - The repricing occurred rapidly, catching many traders off guard - This volatility signals uncertainty in near-term gas price forecasts