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🔥🚨$AAVE founder Stani Kulechov said the🇬🇧 UK HMRC’s latest DeFi guidance could mark a major turning point for crypto lending: depositing assets like USDC or USDT into DeFi is not treated as a disposal and doesn’t trigger capital gains tax; tax applies only on actual sales or swaps.
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🔥🚨Base #launched the Base-Solana bridge, allowing Solana tokens to be bridged over to the Base network. Yet so far, the bridge has only seen about 60 transactions. Jesse Pollak, Head of Base, said the team has been trying to reach out to projects in the Solana ecosystem, but not everyone is interested. Solana co-founder Toly responded that only if Base apps migrate to Solana and actually run on Solana will it truly benefit Solana developers. $SOL $ETH
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🔥🚨Monet Bank, a Texas community bank owned by billionaire and key Trump backer Andy Beal, announced it is entering crypto lending and digital-asset banking, positioning itself as an infrastructure bank for digital assets. The bank reports <$6B in assets and ~$1B in capital. Monet joins a small cohort of U.S. banks moving into crypto, including Erebor Bank (OCC conditional charter) and N3XT, founded by former Signature executives (Wyoming SPDI). $BTC $ETH
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🔥🚨Dec 5 (ET) U.S. spot $BTC ETFs saw $54.79M net inflows, led by ARKB (Ark Invest & 21Shares) with $42.79M. Spot $ETH ETFs recorded $75.21M net outflows with no inflows across all nine funds. Spot Solana ETFs posted $15.68M net inflows.
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🔥🚨Emerging weakness in the 🇺🇸US economy may justify a preventative rate cut by the Fed next week, Eric Diton of The Wealth Alliance said
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