Crypto for Advisors: Crypto’s Role in Portfolios

Balancer DAO is initiating discussions on an $8 million recovery plan following a significant exploit that resulted in a $110 million loss, which reduced the total value locked (TVL) by two-thirds. The recovery plan will involve the distribution of recovered tokens across multiple networks and assets, with a mechanism for claims being developed.

Toncoin has shown a lag in the broader cryptocurrency market rebound, despite positive funding rates indicating some renewed confidence among traders. Overall market participation remains muted, reflecting cautious sentiment among investors.

A historically reliable bottom signal has emerged for Bitcoin following a significant 35% price correction, indicating potential market stabilization. This signal, known as the Hash Ribbon, often marks cyclical bottoms in Bitcoin's price history, suggesting a possible recovery phase ahead.

The UK government has proposed a 'No Gain, No Loss' tax rule for decentralized finance (DeFi), aiming to align tax regulations with the operational realities of DeFi platforms. This initiative, developed with input from industry stakeholders, seeks to mitigate tax implications that do not accurately reflect users' financial situations.

Bitcoin whales have resumed buying for the first time since August, coinciding with a price recovery that has seen Bitcoin surpass the $90,000 mark. This shift follows a period of distribution among large holders, indicating renewed confidence in the cryptocurrency market.

BNB's price has stabilized below the $900 mark amid a decline in on-chain activity and anticipation of upcoming network upgrades. This consolidation reflects a tension between weak market fundamentals and potential improvements in the network's functionality.

The Australian government has introduced a Digital Assets Framework Bill aimed at regulating cryptocurrency platforms under the Australian Securities and Investments Commission (ASIC). This legislation seeks to modernize the financial system and enhance consumer protection in the wake of past crypto failures.

Bitcoin and ether have experienced significant price increases following a rebound in tech-led equities, indicating a potential year-end rally as traders express growing optimism. This surge is part of a broader recovery in the cryptocurrency market, with Bitcoin recently surpassing $90,000, marking a notable shift from typical pre-holiday price declines.