UK Proposes ‘No Gain, No Loss’ Tax Rule for DeFi in 'Major Win' For Users
HMRC has issued a consultation proposing a “No Gain, No Loss” tax rule tailored for decentralized finance (DeFi) transactions. The measure would treat token swaps that result in zero net profit or loss as non‑taxable events, eliminating artificial disposals that currently trigger capital gains tax. Developed with input from leading industry participants, the rule seeks to reflect the economic reality of DeFi activity. If adopted, it would simplify reporting and reduce the tax burden for everyday users.
Justin Sun Doubles Down on First Digital Trust Fraud Allegations, Urges H.K. Regulators to Act
Justin Sun, founder of Tron and adviser to TrueUSD issuer Techteryx, intensified accusations against Hong Kong fiduciary First Digital Trust (FDT) for allegedly diverting nearly half a billion dollars of TUSD reserves into illiquid offshore vehicles. Sun claims FDT fabricated...
Bitcoin Whales Return to Buying for the First Time Since August as Price Recovers Above $90K
Bitcoin’s largest holders, often called whales, have resumed net buying for the first time since August, coinciding with the cryptocurrency climbing back above the $90,000 threshold. The recent week saw roughly $200 million of Bitcoin purchased by these entities, reversing a...
BNB Holds Below $900 Level as Onchain Activity Slumps, Network Updrages Loom
Binance Coin (BNB) has been trading below the $900 resistance level, reflecting a cautious market stance. On‑chain activity on the BNB Chain has slipped, with transaction volume down roughly 15% month‑over‑month. The price stability masks underlying weakness in DeFi usage...
Australia’s New Digital Assets Bill Seeks to Prevent Past Crypto Failures
The Australian government has introduced a Digital Assets Bill aimed at modernising the nation’s financial framework while protecting consumers from crypto‑related losses. The legislation classifies crypto tokens as regulated financial products and mandates licensing for exchanges, custodians and other service...
Crypto Markets Today: Bitcoin Leads Broad Recovery as Traders Eye Possible Santa Rally
Bitcoin and Ether rallied sharply on Wednesday, riding a broader tech‑stock rebound that lifted risk assets across the board. The cryptocurrency surge was accompanied by a notable shift in derivatives markets, with futures contracts showing a net increase in long...
Ark Invest Buys $16.5M of Coinbase Stock, Largest Purchase Since Aug. 1
Ark Invest disclosed a $16.5 million purchase of Coinbase (COIN) shares, the firm’s largest stake addition since August 1. The buying pressure helped lift Coinbase’s stock 4.27% to close at $264.97. The move coincided with a broader crypto rally, as Bitcoin climbed...
Ripple’s RLUSD Stablecoin Wins Key Regulatory Green Light in UAE
Ripple’s dollar‑pegged stablecoin RLUSD has received official designation from the Abu Dhabi Global Market, allowing it to be used by ADGM‑licensed firms for regulated activities. The approval places RLUSD among a select group of tokens permitted within the emirate’s ring‑fenced...
Philippine Digital Asset Exchange Eyes $60B Tokenization Opportunity With Project Bayani
The Philippines’ leading digital asset exchange has launched Project Bayani, a tokenisation platform aimed at unlocking a $60 billion market by 2030. The initiative will convert real‑estate, SME equity, and infrastructure assets into blockchain‑based tokens, offering fractional ownership to a broader...
Bitcoin Rebounds Past $91K as XRP ETFs Continue to Grab Attention
Bitcoin surged past $91,000 as investor enthusiasm for cryptocurrency exchange‑traded funds intensified. XRP‑focused ETFs recorded a record $628 million in assets, absorbing roughly 80 million tokens within a single day. This inflow dwarfs the initial demand seen during Solana’s ETF launch earlier...
DOGE Builds Bullish Structure With Higher Lows as ETFs Fail to Wow
Dogecoin (DOGE) has established a bullish price structure, forming higher lows and breaking above a critical resistance level. The breakout was confirmed by a sharp increase in trading volume, suggesting strong buying pressure. Meanwhile, recent cryptocurrency ETFs failed to generate...
Korea's Upbit Suspends Deposit And Withdrawal Service After Abnormal Activity in Solana Tokens
Upbit, South Korea’s top crypto exchange, halted all Solana (SOL) deposits and withdrawals after its monitoring systems detected irregular on‑chain activity. The anomaly, flagged on the Solana blockchain, prompted an immediate lock on affected wallets while investigators determine if it...
Bitcoin's Ascent May Hit a Wall Around Mid-$90K: Trading Firm
Bitcoin surged past the $90,000 threshold, driven by growing expectations of a Federal Reserve rate cut in December. A leading trading firm warned that the rally could encounter resistance around the mid‑$90,000 range. The price move reflects heightened risk‑on sentiment...
Asia Morning Briefing: Bitcoin's Fragile Rally Is Built on Shrinking Liquidity
Bitcoin’s recent price rally is increasingly precarious, as on‑chain data shows liquidity drying up. Large‑holder deposits to exchanges have surged, indicating that whales are positioning for potential exits. Simultaneously, realized losses across the market are climbing, suggesting that recent gains...
New UAE Sweeping Banking Decree Looks to Cement Country’s Global Crypto Position
UAE’s central bank has introduced a sweeping financial decree that brings cryptocurrency and blockchain activities under its regulatory umbrella. The law requires all crypto service providers to obtain licenses and subjects them to the same AML/KYC standards as traditional banks....
APT Trades Little Changed, Undeperforms Wider Crypto Market Rally
The token has support around the $2.16 level and resistance at $2.31.
Nasdaq ISE Files to Lift BlackRock IBIT Option Limits Into Top Tier Status
Nasdaq ISE has filed to move BlackRock’s iShares Bitcoin Trust (IBIT) options into top‑tier status, reflecting the rapid growth of crypto‑linked derivatives in the United States. IBIT options have seen double‑digit volume gains and a shift of open interest from...
House Democrats Issue Report Detailing Trump Crypto Ties as 'New Age of Corruption'
Democratic staff on the House Judiciary Committee released a report exposing President Donald Trump’s extensive involvement in cryptocurrency businesses that have generated substantial wealth for his family. The document details how Trump‑affiliated firms allegedly amassed roughly $500 million through unregistered digital‑asset...
Bitcoin Retakes $90K in Break From Typical Pre-Thanksgiving Price Action
Bitcoin surged past the $90,000 mark on Wednesday, breaking the customary pre‑Thanksgiving price dip that traders have come to expect. The rally was fueled by a sharp increase in trading volume and renewed buying interest from institutional investors. Technical charts...
XLM Edges Higher 2.6% to $0.25 as U.S. Bank Tests Stablecoin Pilot
Major banking institution selects XLM network for programmable digital currency pilot program
Hedera Jumps 1% Breaking Through $0.143 Resistance
Institutional accumulation drives HBAR above key technical levels as futures launch approaches.
DeFi’s $55B Plunge Isn’t the Disaster It Looks Like
DeFi’s total value locked (TVL) has slumped by roughly $55 billion since October, marking the steepest decline in the sector’s recent history. Despite the headline‑grabbing drop, core protocols are posting steady revenue gains and user engagement remains robust. Decentralized exchange (DEX)...
S&P Downgrades Tether's USDT, Citing Falling Bitcoin Prices as Risk
S&P Global Ratings has downgraded Tether’s flagship stablecoin USDT, lowering its rating after noting a growing exposure to Bitcoin within its reserve pool. The agency highlighted that Bitcoin now represents a significant share of USDT’s backing, making the token vulnerable...
Crypto Long & Short: The Striking Dichotomy in DeFi Tokens Post 10/10
The Crypto Long & Short newsletter from Martin Gaspar examines the stark split between long and short positions in DeFi tokens following the October 10 market plunge. It highlights how the sell‑off generated deep price dislocations, creating potential upside for...
Crypto Market Maker Portofino Said to Be Hit by Another Wave of Staff Departures
Crypto market maker Portofino is experiencing another wave of senior staff exits. Its chief revenue officer and chief of staff have both departed, according to sources. The departures follow earlier turnover at the firm, raising concerns about leadership stability. Portofino’s...
Crypto Bottoming Signs? FT Drops Trifecta of Bitcoin Gloom on Wednesday
The Financial Times published a stark three‑part analysis on Wednesday, branding Bitcoin’s recent price slide as a “trifecta of gloom.” The piece coincided with the United Kingdom’s latest tax hike, which targets high‑net‑worth individuals and could further suppress crypto demand....
Bitcoin Treasury Firm DDC Jumps 22% as Company Adds 100 BTC to Treasury During Market Pullback
Digital Dollar Capital (DDC), a bitcoin‑focused treasury firm, announced a fresh acquisition of 100 BTC, raising its total holdings to 1,183 BTC. The purchase was made during a notable market pullback, prompting the company's shares to jump 22% in after‑hours...
The Protocol: Monad Airdrop + Blockchain Go Live
Also: Celestia’s Matcha Upgrade, Fidelity on Fusaka and World’s New Payroll Pilot.
Grayscale Files to List First Zcash ETF in the U.S. Amid 1,000% Rally
Grayscale Investment Trust has filed a proposal to convert its Zcash Trust into a spot exchange‑traded fund, positioning it as the first U.S. listed Zcash ETF. The move follows a dramatic 1,000% rally in ZEC, which has outperformed both Bitcoin...
Robinhood Makes Prediction Market Push With Purchase of Former FTX Platform LedgerX
Robinhood announced the acquisition of LedgerX, the former FTX‑owned prediction‑market platform, in partnership with market‑making giant SIG. The deal gives Robinhood a CFTC‑approved license to offer regulated crypto futures, options and binary contracts. By integrating LedgerX’s infrastructure with SIG’s liquidity,...
CoinDesk 20 Performance Update: Only Bitcoin Cash (BCH) Gains, Up 2.8%
Internet Computer (ICP) fell 3.4% and Litecoin (LTC) dropped 1.7%, leading the index lower. .
A New Crypto Project Vowed to Transform Stablecoins. Then Its Token Crashed 90%
A newly launched crypto project promised to overhaul stablecoin infrastructure, but its native token has slumped nearly 90% from its early peak. Thin on-chain usage, mounting supply pressure, and limited communication from the team have intensified market uncertainty. The token’s...
Swiss Bank AMINA Trials Google Cloud's Ledger for Instant Payments
Swiss private bank AMINA has completed a pilot using Google Cloud’s Universal Ledger to process fiat payments instantly. The test demonstrated that banks can settle transactions in real time without issuing a new digital currency. Google’s cloud‑based ledger acted as...
Filecoin Rises 1.8% as Storage Token Defies Crypto Weakness
The decentralized storage protocol showed selective strength while broader digital assets retreated.
Bitcoin Flashes Reliable Bottom Signal as Short-Term Holders Capitulate
Analysts see Bitcoin forming a reliable bottom as short‑term holders capitulate, with the price rebounding alongside U.S. equity strength. The rally has pushed Bitcoin above the $84,000 level and is now testing the $88,000 threshold, which many view as the...
Securitize Gets EU Green Light, Plans Tokenized Securities Platform on Avalanche
Securitize has secured regulatory approval in the European Union to operate a tokenized securities platform, extending its compliant infrastructure across both the U.S. and EU. The firm will launch the service on Avalanche, leveraging the blockchain’s high throughput and low‑cost...
Crypto Markets Today: Altcoins Remain Subdued, MON Surges on Upbit Listing
Crypto markets held steady on Wednesday, with Bitcoin unchanged and the broader market still classified as being in "extreme fear." Altcoins remained largely muted across major exchanges, reflecting cautious trader sentiment. The standout exception was MON, which surged sharply after...
KR1 Stakes 'Blue-Chip' Ambition With London Stock Exchange Debut
KR1, the Isle of Man‑based blockchain investment firm, announced its debut on the London Stock Exchange, positioning itself as a blue‑chip player in the digital‑asset space. The company highlighted an active staking strategy that targets high‑quality crypto assets while maintaining...
Smaller Turkey For Bitcoin Holders As Holiday Price Comes In Lower Year Over Year
Bitcoin’s Thanksgiving level looks set to trail 2024, echoing prior cooldown years.
Binance Introduces Bespoke Service for Ultra High-Net-Worth Crypto Investors
Binance has launched Binance Prestige, a white‑glove service aimed at ultra‑high‑net‑worth crypto investors and family offices. The offering targets clients with roughly $10 million in digital assets, providing dedicated relationship managers and bespoke trading, custody, and advisory solutions. By positioning itself...
Ark Adds $9.1M in Circle and Bullish (BLSH) as Crypto Stocks Keep Sliding
Ark Invest added $9.1 million to its crypto‑related holdings on Nov. 25, buying $7.6 million of Circle and $1.5 million of Bullish. Both stocks fell on the day of purchase as Bitcoin hovered around $87,500. The purchases come amid a broader slide in crypto...
Bitcoin Dip in 2026, Surge in 2028: JPMorgan’s IBIT-Linked Structured Note Fits Halving Cycles
JPMorgan Chase has unveiled a structured note tied to BlackRock’s iShares Bitcoin Trust (IBIT), calibrated to Bitcoin’s four‑year halving rhythm. The note is engineered to deliver returns that reflect an expected price dip in 2026 followed by a rally in...
XRP Tests Crucial $2.20 Pivot After $164M ETF Debut Fails to Offset Liquidations
The debut of a regulated XRP exchange‑traded fund pulled in roughly $164 million, yet the cryptocurrency quickly retreated toward the critical $2.20 support level. ETF inflows provided a brief price lift but were quickly absorbed by existing sell pressure and ongoing...
Grayscale’s GDOG Debuts Quietly While DOGE Builds Higher Lows
Grayscale Investments quietly launched GDOG, the ticker for its Dogecoin Trust, on a major U.S. exchange, offering a regulated avenue for institutional and retail exposure. Meanwhile, Dogecoin is in a bullish consolidation phase, repeatedly forming higher lows that suggest accumulating...
Essential Bitcoin Price Points Traders Should Track Now
Traders are focusing on major moving averages as pivotal price zones for Bitcoin. The 50‑day, 200‑day and other key MAs are expected to become battlegrounds where bulls and bears contest control. Breaches of these averages often precede sharp trend reversals,...
Asia Morning Briefing: Asia Wakes Up to an AI BTC-Nvidia Tailwind That’s Already Starting to Sputter
Asian markets opened to a mixed tone as the AI‑driven rally that lifted Nvidia and Bitcoin begins to lose momentum. Nvidia’s stock experienced a sharp correction after a brief surge, while an Amazon earnings‑driven risk rally added volatility to the...
Texas Buys $5M in BTC ETF as States Edge Toward First Government Crypto Reserves
Texas announced the purchase of $5 million worth of shares in a Bitcoin exchange‑traded fund, marking the state's first foray into a publicly traded crypto reserve. The acquisition is part of a broader effort by state governments to explore digital‑asset holdings...
Stellar Rallies 2.3% Breaking Key Resistance on Volume Surge
Stellar (XLM) surged 2.3% to break the critical $0.2460 resistance level, propelled by a notable increase in trading volume that outpaced its seven‑day average. Institutional inflows were identified as the primary driver, indicating measured accumulation rather than speculative spikes. The...
U.S. Crypto Regulator, CFTC, Seeking Names for New 'CEO Innovation Council'
The U.S. Commodity Futures Trading Commission (CFTC) announced the formation of a new CEO Innovation Council, inviting senior executives from the financial and technology sectors to join. Acting Chairman Caroline Pham said the council will guide the agency’s efforts to...
Filecoin Spikes 9% as Downtrend Breaks
The strong price action occurred on below-average volume.