Bitcoin Rises, Tax Debate Reignites…22% Taxation, What's the Problem? | Seo Dong-ju, Kim Dong-hwan, Park Sang-hyuk Digital Asset Editor-in-Chief [Crypto PLUS]

Watch on YouTube ↗  |  August 28, 2026 at 03:01  |  34:44  |  3PRO TV (삼프로TV)
Speakers
Park Sang-hyuk — Editor
Kim Dong-hwan — CEO, Xangle

Summary

The hosts and digital asset editor discuss Bitcoin's recovery above $80,000, attributing strength to U.S. fiscal concerns, Treasury yields, and yen weakness. They also cover Wall Street adoption via Schwab-backed listings for Solana, Avalanche, and Chainlink, plus token-specific buyback catalysts for Ethena and Hyperliquid. The episode closes with a detailed analysis of Korea's proposed 22% digital asset tax and its design flaws.

  • Bitcoin reclaims and holds above $80,000, reversing a pullback and making a new local high.
  • U.S. debt worries and yen weakness are cited as macro drivers for Bitcoin.
  • Charles Schwab's venue plans to list Solana, Avalanche, and Chainlink.
  • Ethena rallied on token buyback and USDe revenue buyback proposal.
  • Hyperliquid hit record highs on expected USDC revenue buybacks and burns.
  • Korean digital asset tax debate focuses on loss carryforward, acquisition cost, and perpetual futures treatment.
Ideas
Bitcoin uptrend intact above $80,000.
Bitcoin is holding above $80,000 and its uptrend remains intact. The rally is supported by U.S. fiscal and debt concerns, rising Treasury yields, and yen weakness that could cause Japanese investors to reduce U.S. Treasury holdings, reinforcing Bitcoin's appeal as a hedge against sovereign fiscal stress. The speaker notes Bitcoin recovered quickly and exceeded its prior local high.
Wall Street listing supports SOL AVAX LINK.
Charles Schwab's conservative crypto exchange will list Solana, Avalanche, and Chainlink within months, expanding beyond Bitcoin and Ethereum. This signals that Wall Street financial institutions are serious about expanding digital asset coverage despite high trading fees, supporting these altcoins.
Ethena buybacks reduce sell pressure, bullish.
Ethena repurchased unlocked early investor tokens via OTC, reducing monthly sell pressure, and proposed using 95% of foundation revenue from its USDe stablecoin to buy back ENA. This indicates the foundation believes the market is in an early bull phase and wants ENA to outperform, driving a near 18% one-day jump.
Hyperliquid USDC revenue buyback supports HYPE.
Hyperliquid broke to a new high because USDC yield revenue, estimated at $135-160 million annually, will be used to buy back and burn HYPE. This adds a second demand engine beyond trading fees and supports the token's upward narrative.
Up Next

This 3PRO TV (삼프로TV) video, published August 28, 2026, features Park Sang-hyuk discussing BTC, AVAX, SOL, LINK, ENA, HYPE. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Sang-hyuk  · Tickers: BTC, AVAX, SOL, LINK, ENA, HYPE