UK takes ‘meaningful step forward’ with proposed DeFi tax overhaul

Cardano has submitted a funding request for 70 million ADA from its Treasury, aiming to enhance its core infrastructure. This strategic move is designed to bolster the platform's capabilities, potentially leading to increased adoption in decentralized finance (DeFi) and among institutional investors.

The recent surge in XRP exchange-traded fund (ETF) proposals highlights a growing interest in this cryptocurrency, driven by its potential advantages over other tokens. This increase in filings indicates a shift in market dynamics, as issuers are drawn to XRP's unique attributes while other cryptocurrencies remain sidelined due to regulatory uncertainties and market volatility.

Bitcoin mining has evolved significantly since the first halving, with increased competition from solo and hobbyist miners adopting innovative strategies to enhance their operations. This shift reflects a dynamic landscape in the cryptocurrency sector as miners adapt to changing market conditions.

An Ethereum ICO whale has cashed out approximately $60 million after achieving a staggering 9,500x gain, despite a backdrop of market downturns and some early investors selling their holdings. This move comes as the top 1% of Ethereum holders continue to accumulate the cryptocurrency, indicating a divergence in investor sentiment within the market.

New research highlights that the supply of ERC-20 stablecoins has reached an all-time high of $185 billion, a classic indicator of bullish sentiment in the cryptocurrency market, despite recent price declines. This increase in stablecoin supply is seen as a positive signal for future price movements in the crypto space.

Avail’s Nexus aims to transform the landscape of Web3 by providing a unified solution for crosschain transactions, allowing users to move assets seamlessly between different blockchains. This initiative seeks to address the complexities and fragmentation currently present in the blockchain ecosystem.

Turkmenistan has enacted a comprehensive law that legalizes cryptocurrency trading, set to take effect in 2026, while imposing strict regulations through licensing and the potential use of state-controlled ledgers.

Bitcoin's price has paused at $92,000, with market analysts observing that it needs to regain momentum through increased trading volumes to clear the next significant resistance level between $92,000 and $95,000. This pause follows a recovery from recent lows around $80,000, indicating a volatile market environment.