UK Proposes ‘No Gain, No Loss’ Tax Rule for DeFi in 'Major Win' for Users

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.

Ethereum is currently trading significantly below its intrinsic value, with a spot price of $3,034 compared to a calculated fair value of $4,777.5, indicating a potential upside of 57.8%. This assessment comes from a new valuation dashboard launched by Hashed CEO Simon Kim, which aims to provide a more analytical perspective on Ethereum's worth beyond market speculation.

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 role of cryptocurrency in diversified portfolios is increasingly recognized, emphasizing the importance of managing volatility, establishing clear investment mandates, and maintaining risk discipline. Active investing and broader diversification strategies are being advocated to enhance portfolio resilience against market fluctuations.

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.