Bitget Daily Digest (Nov 28) | The UK adopts the “no gain, no loss” tax treatment for DeFi;Solana ETFs recorded a net inflow of 238,037 SOL yesterday

Today’s Outlook

1、Onchain Lens monitoring: Arthur Hayes has once again accumulated 2 million ENA worth approximately USD 556,000; and 364,987 ETHFI worth approximately USD 287,000.

2、The UK tax authority adopts the “no gain, no loss” tax treatment for DeFi; Aave’s founder calls it a major win for users.

3、The Bhutan government has staked 320 ETH, worth around USD 970,000.

 

Macro & Hot Topics

1、Pictet Asset Management strategist Luca Paolini: As slowing economic growth paves the way for further Fed rate cuts, the US dollar is set to face a new wave of weakness next year. The USD interest rate differential is narrowing significantly.

2、US-listed company DDC Enterprise has purchased an additional 100 BTC, bringing its total holdings to 1,183 BTC.

3、DWF Labs co-founder Andrei Grachev: The current DAT hype is very similar to the ICO boom in late 2017.

 

Market Trend

1、Over the past 24 hours, total crypto market liquidations reached USD 167 million, including USD 99 million in short liquidations. BTC saw USD 72 million in liquidations, and ETH recorded USD 26 million.

2、US stocks: Dow +0.67%, S&P 500 +0.69%, Nasdaq Composite +0.82%.

3、Bitget BTC/USDT liquidation map: At the current price near USD 90,982, a dense cluster of high-leverage long positions lies between USD 89,300–90,500; a breakdown may trigger cascading long liquidations. Short positions are concentrated around USD 92,000–93,000; a breakout above this zone could trigger large-scale short squeezes and push prices higher.

4、In the past 24 hours, BTC spot inflows reached USD 85 million, outflows USD 111 million, resulting in a net outflow of USD 26 million.

News Update

1、Russian households have invested 3.7 billion rubles (about USD 47.3 million) in crypto derivatives.

2、Alliance DAO co-founder: L1 tokens lack a strong moat, and betting on the application layer may be the better path.

3、The UK Financial Conduct Authority has opened a sandbox environment for stablecoin firms; the UK government proposes a “no gain, no tax liability” rule for DeFi.

 

Project Updates

1、Bitwise has updated its spot Avalanche ETF filing, proposing to include staking functionality.

2、VanEck staked another 12,600 ETH yesterday, worth USD 37.9 million.

3、Wormhole Foundation: Has purchased USD 5 million worth of W tokens and added them to its institutional balance sheet.

4、Balancer security incident: The DAO has begun discussing an USD 8 million recovery plan.

5、Uniswap’s “UNIfication” proposal has passed the preliminary stage, and the fee-switch contract has entered a USD 15.5 million bounty period.

6、Data: Solana ETFs recorded a net inflow of 238,037 SOL yesterday.

7、Infinex will launch a token presale on Sonar, distributing 5% of INX before the January TGE to raise USD 15 million.

8、USDC Treasury has minted an additional 750 million USDC on the Solana network.

9、superfortune will provide 5% of MANTA token supply as staking rewards for MANTA stakers.

10、On-chain analyst @ai_9684xtpa: A 2016 ETH ancient whale appears to have sold another 1,300 ETH (worth USD 3.94 million) through Wintermute.

 

Disclaimer: This report is generated by AI and manually reviewed only for information verification. It does not constitute any investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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