"HMRC will introduce “no gain, no loss” treatment for some crypto lending" Jul 14, 2026

HMRC will introduce no gain, no loss treatment for certain crypto lending and liquidity pool transactions starting April 6, 2027, reversing problems created by its 2022 guidance that had treated many DeFi transactions as taxable disposals even when users had not economically cashed out. The reform applies to individuals and trustees and is expected to affect around 700,000 people, deferring capital gains tax on qualifying activity until an actual economic disposal occurs.

Under the new rules, depositing and withdrawing the same type and quantity of crypto from qualifying lending arrangements or automated market-making pools will generally not trigger an immediate taxable gain. Any difference between the amount deposited and the amount received will still create a gain or loss. Borrowed crypto will be treated as acquired at its market value at the time of borrowing, and collateral will be ignored for capital gains tax purposes.

CleanSpark signed a 20-year triple net lease with an unnamed investment-grade global technology company for a Georgia data center, securing over 6 billion dollars in contracted revenue. Two optional five-year extensions could raise total contracted revenue to 11 billion dollars, with an expected average annual net operating income contribution of around 330 million dollars. CleanSpark estimates construction costs of 10 million dollars per megawatt and is operating at a nearly 100 percent margin. The same tenant also secured exclusivity over CleanSpark's full Texas portfolio covering 718 acres and up to 885 megawatts, and CleanSpark shares rose more than 15 percent in pre-market trading following the announcement. The deal represents CleanSpark's most significant move yet in shifting from pure Bitcoin mining toward AI and high-performance computing infrastructure, a strategy it began outlining in 2025.

The 21st Century Road to Housing Act became law without President Trump's signature after he neither signed nor vetoed it within the constitutionally required period. Trump reportedly withheld his signature in protest over the Senate's failure to pass the Save America Act, which would require proof of citizenship for federal voting. The housing bill includes a provision barring the Federal Reserve from issuing a CBDC without congressional authorization, though the Fed had previously stated it would not launch one without explicit approval from Congress.

Analysts at TD Cowan and Benchmark said Strategy's decision to sell nearly 467 million dollars of MSTR stock without buying more Bitcoin reflects stronger balance sheet discipline. The company kept its Bitcoin holdings unchanged while increasing its cash reserve by about 18 percent to 3 billion dollars, giving it more than 20 months of coverage for annual preferred stock dividend obligations.

US government-linked wallets transferred nearly 4,000 BTC and over 30,000 ETH to Coinbase Prime, with the assets originating from law enforcement seizures tied to a convicted dark web drug seller, an alleged crypto launderer, and the defunct BTC-E exchange, which processed billions of dollars in funds before shutting down in 2017. Arkham estimates that US government wallets currently hold more than 20 billion dollars in crypto.