UK 'No Gain, No Loss' DeFi Tax: How CGT Deferral Reshapes ETH, Liquidity Pools & Leveraged Positioning
UK HMRC's 'no gain, no loss' DeFi CGT deferral removes tax friction on protocol interactions, structurally bullish for ETH and DeFi TVL — but ETH is already up 6.63% to $1,868.80, so leveraged longs near the 24h high of $1,887.88 carry elevated liquidation risk.