Daily Brief: November 29, 2025
Crypto Tax Delays, Bitcoin Hyper, XRP ETF Surge
TL;DR: Switzerland is delaying crypto tax data sharing until 2027, reflecting the complexities of international cooperation in crypto regulation. Meanwhile, the UK tightens crypto reporting rules to enhance tax compliance. Bitcoin Hyper emerges as a promising Layer 2 solution to boost Bitcoin's scalability, potentially attracting institutional investors. Lastly, the imminent launch of multiple XRP ETFs signals a shift towards increased institutional adoption, which could stabilize and elevate the crypto market.
🇨🇠Switzerland Hits Pause on Crypto Tax Data Sharing Until 2027
Switzerland is taking a cautious approach to crypto tax data sharing. The Swiss Federal Council announced that while the legal framework for the Crypto-Asset Reporting Framework (CARF) will be in place by 2026, actual data sharing won't start until 2027. This delay stems from ongoing discussions about which countries Switzerland will partner with for exchanging crypto tax information.
The delay highlights Switzerland's careful consideration of its international partners. While 75 countries have signed up to implement CARF, Switzerland is still working out the details. The decision reflects a broader trend of countries enhancing tax compliance through international cooperation, but Switzerland wants to ensure all legal and diplomatic standards are met first.
This move could impact the transparency of crypto holdings for users in partner countries. Major economies like the US, China, and Saudi Arabia aren't included in the initial group for data exchange. As Swiss firms prepare for new domestic reporting requirements, the international data sharing remains on hold, affecting the regulatory landscape for crypto transactions.
Why it matters: Switzerland's delay in crypto tax data sharing underscores the complexities of international cooperation in crypto regulation, potentially influencing global tax compliance strategies.
🇬🇧 UK Tightens Crypto Reporting Rules
Starting in 2026, the UK will require crypto platforms to report all transactions from UK residents. This expansion of the Cryptoasset Reporting Framework (CARF) aims to enhance tax compliance by giving HMRC automatic access to domestic and cross-border crypto data.
The move is part of a broader global trend to regulate crypto assets more tightly. By treating crypto like traditional financial accounts, the UK hopes to prevent it from being used as an 'off-CRS' asset class, which could otherwise escape scrutiny.
Additionally, a new 'no gain, no loss' tax framework for DeFi users is proposed, deferring capital gains until tokens are sold. This approach has been well-received by the local industry, as it could ease tax burdens and encourage innovation.
Why it matters: This change enhances transparency in crypto transactions, aligning the UK's tax framework with international standards and helping prevent tax evasion.
🚀 Bitcoin Hyper: A New Layer 2 Solution for Scalability
Bitcoin Hyper is making waves as a promising Layer 2 solution aimed at boosting Bitcoin's scalability. By integrating the Solana Virtual Machine, it promises to enhance transaction speeds and reduce latency, addressing long-standing issues in the Bitcoin ecosystem. With over $28.5 million raised in presales, investor confidence is high.
The project is set to launch between late 2025 and early 2026, aligning with predictions of a Bitcoin bull cycle. As sentiment shifts from fear to cautious optimism, Bitcoin Hyper aims to make Bitcoin a more viable asset for DeFi applications, potentially attracting institutional investors.
China's resurgence in Bitcoin mining, now accounting for 14% of the global hashrate, underscores the need for efficient Layer 2 solutions like Bitcoin Hyper. This development highlights the ongoing evolution of Bitcoin as a macro asset, with industrial-scale operations leveraging low-cost energy to boost mining activities.
Why it matters: Bitcoin Hyper could redefine Bitcoin's role in DeFi, making it more scalable and attractive to institutional investors, which is crucial for its long-term growth.
🚀 XRP ETFs Set to Boost Institutional Adoption
XRP is making waves with the imminent launch of multiple ETFs, signaling a shift towards institutional adoption. Grayscale and Franklin Templeton are among the firms lining up to debut these products, making XRP more accessible to big players. This move comes as XRP reserves on exchanges hit new lows, indicating strong demand and a shift to long-term holding strategies.
The technical charts for XRP are painting a bullish picture, with analysts eyeing a potential price rally to $2.80. The declining supply on exchanges and the positive trend in ETF inflows suggest that institutions are gearing up for significant investments. This could lead to a supply shock, pushing prices higher as demand outpaces available tokens.
With over a dozen XRP ETFs set to launch, the market is bracing for a surge in institutional interest. Already, these ETFs have attracted hundreds of millions in inflows, underscoring the strong market appetite. If this momentum continues, XRP could see a substantial price increase, reinforcing its position in the crypto ecosystem.
Why it matters: The rise of XRP ETFs highlights a growing trend of institutional investment in crypto, which could stabilize and elevate the market, benefiting both investors and the broader ecosystem.
