PANews reported on October 21st that, according to CoinDesk, crypto lending company Arch has launched TaxShield. This service leverages a specific provision of US tax law—bonus depreciation under IRS Section 168(k)—to allow investors to deduct the cost of mining equipment from their taxable income. It works like this: users pledge Bitcoin as collateral to obtain an overcollateralized loan from Arch, then use the loan proceeds to purchase and host mining equipment through Blockware. Investors can deduct the full purchase cost in the first year, potentially avoiding hundreds of thousands of dollars in taxes, while continuing to earn monthly Bitcoin mining rewards. Arch co-founders Himanshu Sahay and Dhruv Patel stated that this service, developed in collaboration with Bitcoin educator Mark Moss and Blockware, is primarily targeted at high-income Bitcoin holders. They explained that a client with $1 million in taxable income could reduce their federal tax bill by approximately $400,000 by maintaining a Bitcoin position and earning mining income. Arch's TaxShield service aims to provide high-net-worth digital asset holders with a suite of services typically found in traditional finance but typically targeted at high-net-worth individuals. Arch plans to launch a trading service in the coming months and is considering a card product later.PANews reported on October 21st that, according to CoinDesk, crypto lending company Arch has launched TaxShield. This service leverages a specific provision of US tax law—bonus depreciation under IRS Section 168(k)—to allow investors to deduct the cost of mining equipment from their taxable income. It works like this: users pledge Bitcoin as collateral to obtain an overcollateralized loan from Arch, then use the loan proceeds to purchase and host mining equipment through Blockware. Investors can deduct the full purchase cost in the first year, potentially avoiding hundreds of thousands of dollars in taxes, while continuing to earn monthly Bitcoin mining rewards. Arch co-founders Himanshu Sahay and Dhruv Patel stated that this service, developed in collaboration with Bitcoin educator Mark Moss and Blockware, is primarily targeted at high-income Bitcoin holders. They explained that a client with $1 million in taxable income could reduce their federal tax bill by approximately $400,000 by maintaining a Bitcoin position and earning mining income. Arch's TaxShield service aims to provide high-net-worth digital asset holders with a suite of services typically found in traditional finance but typically targeted at high-net-worth individuals. Arch plans to launch a trading service in the coming months and is considering a card product later.

                                                                               Bitcoin’s market cycles may stretch longer as ISM manufacturing data remains weak, hinting at extended macro headwinds and slower business recovery.                     The Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) has historically aligned with major peaks in Bitcoin’s market cycles — a pattern that, if repeated, could imply a longer-than-usual cycle this time around.The correlation between the ISM PMI and Bitcoin’s (BTC) price was first popularized by Real Vision’s Raoul Pal and has since gained traction among macro-focused crypto analysts.“All 3 past Bitcoin cycle tops have broadly aligned with this monthly, oscillating index,” analyst Colin Talks Crypto noted, referencing the recurring overlap between Bitcoin’s market highs and the PMI’s cyclical peaks.Read more