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With Lutnick entering politics, his son Brandon Lutnick has taken over as chairman, leading this Wall Street firm, which has been aggressively expanding in the crypto sector and maintains close ties with stablecoin giant Tether.
The stablecoin boom, the financialization of bitcoin, and cross-border capital flows are rapidly accelerating the restructuring of the industry.
The cryptocurrency sector must adapt to life "after the party."
Texas has officially taken the first step and is poised to become the first state in the United States to list bitcoin as a strategic reserve asset.
S&P warns that Tether's bitcoin exposure has breached safety limits. Tether CEO responds defiantly: "We take pride in your disdain."
When in doubt, check Polymarket first.
Aspecta has launched the Atom upgrade, introducing a brand-new blockchain technology architecture that establishes a non-liquidity asset trading standard based on the AMM mechanism, integrating spot and derivatives trading, all within a framework that requires no centralized trust.
- 13:31A certain whale bought 3.4 million ENA from Wintermute, worth approximately $953,000.Foresight News reported, according to monitoring by The Data Nerd, one hour ago, the whale address starting with 0xaf3 received 3.4 million ENA (approximately $953,000) from Wintermute. Over the past 10 months, this address has accumulated a total of 10.59 million ENA (approximately $6.5 million), with an average purchase price of about $0.614. Currently, this address has an unrealized loss of approximately $2.97 million, with a return on investment of -45.7%.
- 13:31Aave founder: UK plans to treat DeFi deposits as "no gain, no loss," which is favorable for crypto lending tax treatmentForesight News reported that Aave founder and CEO Stani.eth stated, "HM Revenue & Customs (HMRC) has published the results of its consultation on the taxation of DeFi activities (including lending and staking) in the UK. A particularly interesting conclusion is that when users deposit assets into Aave, the deposit itself is not considered a disposal for capital gains tax purposes, thus creating a 'no gain, no loss' (NGNL) approach. This is a major victory for UK DeFi users who wish to borrow stablecoins using cryptocurrency as collateral. I am proud of our Aave Labs team's participation in this consultation, where we advocated for DeFi and ensured that the tax treatment of interactions with lending protocols reflects economic reality: users do not intend to dispose of their assets when borrowing against collateral to meet liquidity needs. We fully support this approach and hope these changes will be reflected in UK tax law as soon as possible."
- 13:27Aave founder: UK tax authorities confirm "no gain, no loss" tax treatment for DeFi depositsChainCatcher reported that the UK’s HM Revenue & Customs (HMRC) recently released the results of its DeFi tax consultation, clarifying that depositing crypto assets into platforms such as Aave will not be considered a capital gains tax disposal event, and will instead adopt a “no gain no loss” (NGNL) approach. This policy is a significant benefit for UK users who wish to use cryptocurrencies as collateral to borrow stablecoins. Aave Labs founder Stani Kulechov stated that the team actively participated in the consultation to ensure that the tax treatment reflects economic reality.