Happy Friday, In A Nutshell this week:

If you enjoy the newsletter, pass it on to a friend.

🚀⏰ Today’s news should be a ~4.33-minute read (681 words).

🧠 Quote Of The Week

"Nobody spends somebody else's money as carefully as he spends his own."

— Milton Friedman

HMRC has confirmed Bitcoin loans will get "no gain, no loss" tax treatment from April 2027, ending years of confusion for around 700,000 people.

Under the old rules, simply lending out crypto or entering a liquidity pool could trigger a Capital Gains Tax bill even though the holder never actually cashed out.

The new rule defers any tax until there's a genuine economic disposal, the same principle that already applies to normal asset transfers.

Bitcoin analyst Lyn Alden and Jeff Booth raised $40 million for a new Bitcoin treasury company that buys profitable businesses instead of selling shares to fund its stack.

Orange Juice will acquire US businesses earning $1 million to $10 million a year and route their earnings into Bitcoin, rather than relying on repeated stock or debt issuance the way most treasury companies do.

If the underlying businesses keep generating cash, the Bitcoin accumulates itself, no capital raise required.

China's Supreme People's Procuratorate has proposed treating the use of mixers as evidence of money laundering, shifting the burden of proof onto the accused.

Under the plan, using a mixer, selling large holdings off-market, or moving funds through anonymous wallets would presume criminal intent unless the defendant can prove otherwise.

The tools built for privacy are being redefined, by law, as proof of guilt.

BIP-110, a proposal to temporarily restrict how much data Bitcoin blocks can carry, has miner support stuck near zero as it heads into its activation deadline this August.

Cumulative backing has never cleared 1% of hashrate since May, and no major mining pool has signalled support. Michael Saylor and Adam Back both came out against it this week, warning that turning a spam dispute into a consensus rule sets a worse precedent than the spam itself.

Under Bitcoin's rules, a proposal without miner support simply doesn't activate.

Japan's parliament voted to reclassify Bitcoin as a financial asset, pulling it out of payments law and into the same regime that governs stocks and bonds.

The move opens the door to Japan's first regulated spot Bitcoin ETFs and clears the way for a tax cut, from a 55% top rate down to a flat 20%, from 2028.

A country famous for treating Bitcoin cautiously just decided it belongs in the same room as everything else worth owning.

We've just launched an all-new website for the Bitcoin Business Network, built to reflect where this is heading.

What started as a network has grown into a movement of entrepreneurs and professionals across every sector, all focused on using Bitcoin to drive the UK forward.

Have a look around the new site, and watch our video, which sums it all up in one minute. Big things are coming, and this is just the beginning.

www.joinbbn.com

1. Jordan Walker why it feels like 2022 again, and it's not a bad thing

2. El Salvador, is it run by a Bitcoin dictator?

3. TikTok Shop using Fold eGift cards now allows you to buy Bitcoin

4. Cloudflare opens the door for Bitcoin in AI agent micropayments

5. The Senate voted unanimously that FTX founder Sam Bankman-Fried should never receive a pardon

6. Kraken Institutional partners with Upshift to build vaults that offer Bitcoin yield

7. Strategy sells $467 million in MSTR shares to increase USD reserve to $3 billion

8. Circle won federal approval to launch its own national trust bank for Bitcoin custody

9. Metaplanet announces study to bring Bitcoin-backed digital credit to Japan

This week’s crossword is now live - Play here