The UK will require crypto platforms to report all activity from domestic users starting in 2026, as global tax authorities worldwide tighten oversight of digital assets. The United Kingdom will require domestic crypto platforms to report all transactions from UK-resident users starting in 2026, expanding the scope of the Cryptoasset Reporting Framework (CARF). The change will give His Majesty’s Revenue and Customs (HMRC) — the UK’s tax authority — automatic access to both domestic and cross-border crypto data for the first time, tightening tax compliance ahead of CARF’s first global information exchange in 2027. CARF, designed by the Organisation for Economic Co-operation and Development (OECD), is a framework for the automatic cross-border exchange of crypto transaction data between tax authorities worldwide. Its rules require crypto asset service providers to perform due diligence, verify user identities, and report detailed transaction information on an annual basis. Read more
Analysts expected more Solana ETFs to go live in 2025, as investors chase yield-bearing opportunities through staking and network validation. Asset manager CoinShares withdrew its Securities and Exchange Commission (SEC) application for a staked Solana exchange-traded fund (ETF) on Friday. The structuring deal and asset purchase behind the proposed fund were never completed, according to the SEC filing, which states: The first staked Solana (SOL) ETF, issued by REX-Osprey, debuted in the United States in June, followed by investment company Bitwise’s staked SOL ETF in October. Read more
Cleanspark, Riot, Cipher and Circle rose higher as the odds of a US rate-cut in December reached its highest level of the month on the prediction market. Several crypto-linked stocks climbed on Friday as prediction-market odds of a December rate cut surged to 87% on Polymarket, the highest level this month. Three US-listed Bitcoin miners led the rally, with Cleanspark, Riot Platforms and Cipher Mining all rising in the session and showing double-digit gains over the past five days. Yahoo Finance data showed Circle, the issuer of USDC, jumped nearly 10% in early trading, while Michael Saylor’s Strategy and Coinbase notched more modest increases at the time of writing. Read more
The fire forced the facility to go offline to maintain safety, but none of the company's mining hardware was damaged in the incident. Greenidge Generation Holdings, a Bitcoin (BTC) mining company, disclosed that a fire broke out at its mining facility in Dresden, New York, where it co-hosts operations with mining company NYDIG. The fire broke out on Sunday due to an “electrical switchgear failure,” forcing the company to de-energize the entire facility, according to a Securities and Exchange Commission (SEC) filing. The fire did not damage the mining rigs, and the company said it would resume normal operations within a “few weeks,” without providing specific dates. Read more
Bitcoin recovered after four consecutive weeks in the red, surpassing the key $89,600 flow-weighted cost basis of Bitcoin ETF holders, the most significant cohort driving BTC inflows. This week, cryptocurrency markets staged a long-awaited recovery, following four consecutive weeks of downside momentum. Bitcoin’s (BTC) price reclaimed the $90,000 psychological mark on Wednesday, bringing some much-needed relief for Bitcoin exchange-traded fund (ETF) holders, who were once again back in profit as BTC traded above the key $89,600 flow-weighted cost basis of ETF buyers. Bolstering investor sentiment, Cathie Wood, the CEO and chief investment officer of ARK Invest, said the company’s $1.5 million Bitcoin bull market price prediction remained unchanged, pointing to billions in returning liquidity following the end of the US government shutdown. Read more