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Pakistan presses ahead with a national digital asset framework as leaders and major crypto executives align on building a secure, transparent ecosystem to advance regulation, innovation, and financial inclusion. Pakistan Advances National Digital Asset Overhaul Pakistan’s Ministry of Finance...

The narrative around XRP has definitively moved past the era of pure retail speculation. While the global financial system is accelerating its transition to real-time settlement, XRP is emerging as a contender for enterprise-level treasury flows. As Ripple’s institutional network continues to expand, the altcoin is stepping into a role where digital assets can enhance liquidity management and power the next generation of global value transfer. Why RippleNet’s Expanding Network Drives Enterprise Confidence The bearish view of XRP is clouding the bigger transformation happening behind the scenes. Analyst Xfinancebull has mentioned on X that XRP is embedding itself into the financial engines where global treasury systems teams move trillions. With the GTreasury acquisition, Ripple gains access to the operational layer where $12.5 trillion in enterprise liquidity flows. This is about the altcoin becoming a native rail inside the financial command centers of over 1,000 multinational giants where trillions move. Treasury teams move real money, not just $100 payments, but payroll, supply chain financing, and liquidity management across continents. The XRP niche is that it moves trillions fast, 24/7, across borders. Meanwhile, Ripple now controls the infrastructure platform that interacts with BNY Mellon to move trillions and automates finance at scale. According to Xfinancebull, the token goes from a speculative asset to invisible plumbing. This shift doesn’t make the front-page headlines, but it moves everything behind them. Most analysts won’t notice that this has unlocked the token to become a standard settlement rail in the GTreasury automation stack, making its utility broader, invisible, and massive. Founder of Lux Lions NFT and host of the crypto Blitz YouTube show, RipBullWinkle, stated that the Federal Reserve has officially halted its Quantitative Tightening (QT) measures, ending the two-year liquidity drain that weighed down the entire crypto sector. Vanguard, the world’s second-largest asset manager with $11 trillion in AUM, has reversed course and will now allow clients to have access to the regulated crypto ETFs. This single move clears the path for trillions in passive capital, a macro environment of liquidity, compliance, and global settlement that XRP is engineered for. How XRP Defies The Market Slump With A Rare Positive Performance While the crypto market has been struggling to find its footing, an observer and researcher of the current tech shift, SMQKE, has noted that WisdomTree data shows that XRP is the only major cryptocurrency posting positive year-to-date returns in 2025. On a year-to-date basis, where the broader markets were pulling back, the altcoin has stood out as the lone performer, holding onto a modest +4% gain year-to-date. In a challenging year for most large-cap digital assets, it has emerged as the top-tier asset with a positive year-to-date performance. Even after experiencing drawdowns in line with the broader market during Q4, XRP has demonstrated remarkable relative resilience and remains up +4% YTD and +12% over the past 12 months.

Robert Kiyosaki urges people to brace for deepening financial turmoil by building new income streams, securing essential trade skills, and accumulating hard assets as he warns of a severe global downturn approaching 2026. Kiyosaki’s Recession Playbook and Asset Warnings...

The Bitcoin market structure is believed to have undergone a massive shift since the significant price downturn seen on October 10, 2025. While the premier cryptocurrency has been on something resembling a recovery path since the market bloodbath, some sectors believe that the bear season has already kicked off. With BTC sitting beneath its opening price of 2025, it is becoming increasingly difficult to make a bullish case for the world’s largest cryptocurrency. Moreover, an interesting data point about a relevant class of Bitcoin investors has emerged, further adding credence to the beginning of a possible bear market. Are Bitcoin Treasury Firms Offloading Their Coins? In a new post on X, CryptoQuant’s Head of Research, Julio Moreno, shared an on-chain insight to support the hypothesis that the Bitcoin bear market has started. This conclusion is based on the Balance Growth of an investor group known as the “dolphins.” Dolphins refer to a group of crypto investors holding substantial amounts of a coin, placing them between small investors (shrimps) and the largest investors (whales). Specifically, Moreno described dolphins as wallet addresses with significant BTC holdings between 100 – 1,000 coins. According to the latest data from CryptoQuant, the growth in the Dolphins’ BTC holdings has slowed down in the past year and appears to be in a downward trend. Moreno believes that this negative change points to the emergence of a Bitcoin bear market. Moreno revealed that these Dolphin addresses had increased year-over-year by roughly 965,000 BTC when the BTC price hit its current all-time high around $125,000. Now that the BTC price is nearly 30% below its record high, the Bitcoin Dolphins’ balance stands at around 694,000 coins. Moreno wrote on X: This address cohort includes ETFs and Treasury companies, which have also stopped buying. More interestingly, the CryptoQuant Head of Research revealed that this investor group consists of ETF issuers and Treasury companies, which have stopped purchasing Bitcoin. According to data from SoSoValue, the US-based Bitcoin exchange-traded funds have posted net outflows in five out of the last six weeks. Meanwhile, BTC and crypto treasury companies have struggled in the past few months, with retail investors losing tens of billions to the hype. While there have been rarely reports of crypto treasury sell-offs, this decline in these Dolphins’ holdings tells an entirely different story. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $89,151, reflecting an over 3% decline in the past 24 hours.

Poland crypto industry scored a major win this week, as plans to move ahead with new crypto rules stalled on Friday after lawmakers failed to override President Andrzej Duda’s veto. The setback slows Prime Minister Donald Tusk’s effort to align national policy with the European Union’s MiCA framework. The Sejm, Poland’s lower house, fell 18 votes short of the three-fifths majority needed to reverse the president’s decision. With the veto standing, Tusk’s coalition must restart the entire process if it wants to establish a formal regulatory system for digital assets. Market Cap 24h 7d 30d 1y All Time DISCOVER: 16+ New and Upcoming Binance Listings in 2025 Why Did Poland’s Crypto Bill Spark a Fresh Political Clash? As per Bloomberg report, Poland’s political divide widened this week as the clash between President Karol Nawrocki’s nationalist bloc and Prime Minister Donald Tusk’s pro-EU coalition entered another round. Nawrocki stopped the crypto bill earlier in the week, arguing that it carried more complexity than the MiCA-aligned rules adopted in other EU states. He also warned that the plan could push local crypto companies out of Poland. Tusk urged lawmakers to reverse the veto, framing the issue as a matter of national security. He said Russian intelligence networks and organized crime groups were using digital assets to move funds without detection. Industry voices remain split. Some groups supported the bill and said it would finally give Poland’s crypto sector the basic regulatory clarity it has lacked for years. Others said the rules were too strict. The CEO of Zondacrypto, one of Poland’s largest exchanges, previously called the draft a “step backwards” and warned it could turn routine blockchain development into a criminal offense. Poland now stands apart from the rest of the European Union as other member states move ahead with MiCA, which took full effect at the end of December 2024. Germany, Malta, the Netherlands, and Lithuania have already started issuing licenses to crypto-asset service providers under the new rules. DISCOVER: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year Why Is Poland’s Crypto Market Expanding Despite the Policy Gap? Poland’s crypto market, however, continues to grow despite the policy gap. Chainalysis places the country eighth in Europe for total crypto value received between July 2024 and June 2025. The firm also reports that transaction volumes rose by more than 50% from the previous year. Statista estimates that about 7.9M people in Poland now use cryptocurrency, representing roughly one-fifth of the population. Italy is taking a tougher stance. The financial regulator, Consob, reminded firms this week that they must meet the December 30 MiCA deadline. According to Consob’s press release, any registered virtual asset service provider now has two options: begin the licensing process or shut down. Across the European Union, the European Commission is reviewing proposals to hand crypto-exchange oversight to a single authority similar to the US Securities and Exchange Commission. The idea would shrink the role of national watchdogs, but officials say a bloc-wide system would take years to negotiate, approve, and roll out. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 The post Poland Stand Strong and Alone In Defiance of EU MiCa Crypto Rules appeared first on 99Bitcoins.

Ethereum switched on its biggest capacity upgrade of 2025 this week, activating the Fusaka hard fork and triggering a quick positive response from the market. The update merges the Fulu consensus layer with the Osaka execution layer. In simple terms, it changes how Ethereum moves and stores data. The goal is to process more transactions without giving up decentralization. Fusaka brings two major upgrades. The first is PeerDAS, a change to how data is handled across the network. Developers say it can increase Ethereum’s data throughput by up to eight times. Fusaka is live on Ethereum mainnet! – PeerDAS now unlocks 8x data throughput for rollups– UX improvements via the R1 curve & pre-confirmatons– Prep for scaling the L1 with gas limit increase & more Community members will continue to monitor for issues over the next 24 hrs. — Ethereum (@ethereum) December 3, 2025 That extra room helps rollups the scaling networks built on Ethereum handle more activity at lower cost. When rollups get more space, apps can run smoother, fees can drop, and more users can move on-chain. The second upgrade focuses on how people use Ethereum day to day. New tools like the R1 curve and pre-confirmations are meant to make transactions feel faster and more predictable. Wallet actions should take less time. Confirmations should be clearer. And basic tasks should feel less complicated, especially for people using Ethereum on their phones. Together, the changes aim to make Ethereum simpler, cheaper, and easier to use, without changing what makes the network hard to control or shut down. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 What Does BitMine’s $150M ETH Purchase Really Mean? Fusaka could shape Ethereum’s price in a similar way to earlier upgrades. There is a clear example from last year. Ethereum treasury firm BitMine added another large chunk of Ether to its balance sheet on Wednesday, purchasing $150M worth of ETH as part of its long-term accumulation strategy. BREAKING: Tom Lee’s BitMine has just bought $150 million worth of Ethereum. pic.twitter.com/RcdtC43eHw — Ash Crypto (@AshCrypto) December 4, 2025 The latest acquisition further strengthens BitMine’s position as one of the largest corporate holders of Ethereum, marking another step toward its publicly stated goal of controlling 5% of ETH’s total circulating supply. The company has been steadily increasing its exposure to Ether through a series of high-value purchases, framing the buying campaign as a treasury-level bet on the network’s long-term role in finance, payments, and digital infrastructure. The firm did not disclose the average price paid for the tokens or whether the purchase was executed through a single desk or split across multiple transactions. DISCOVER: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year Where Is Ethereum’s Strongest Support If Price Drops Again? A new chart from a crypto analyst now shows Ethereum attempting to regain its footing after the latest sell-off erased nearly a month of gains. On the 12-hour chart, ETH USD price has bounced from the late-November low near $2,630. It is now testing the $3,050 to $3,150 area. This level is used to block rallies. That makes it a key test. Buyers now want it to act as support instead. (Source: X) The short-term average is trending higher, indicating early signs of stability. But the Relative Strength Index is still below its midpoint. That shows selling pressure has eased, but bulls are not in full control yet. If this zone holds, the next target sits near $3,650 to $3,700. That area has heavy selling interest. Analysts say a move there could follow as short sellers exit and fresh buyers return. If price fails here, Ethereum could slide back toward $2,630. Below that, stronger support comes in near $2,400 if selling picks up again. DISCOVER: 16+ New and Upcoming Binance Listings in 2025 The post ETH Price Reacts to Fusaka Launch: Is Ethereum Finally Heading For a Bullrun? appeared first on 99Bitcoins.

PIPPIN has emerged as one of the strongest performers in the AI Agent token market, rallying sharply over the past few days. The impressive surge has pushed the token into the spotlight, with investors now questioning whether PIPPIN can extend this momentum. PIPPIN Investors Are Showing Skepticism The Chaikin Money Flow (CMF) shows that PIPPIN recently enjoyed a period of strong inflows. This signaled rising confidence and capital entering the market. Yet the indicator is now flattening, pointing to slowing inflows. A decline in fresh capital could limit PIPPIN’s ability to sustain its rally, making upward movement more difficult. This shift suggests that investors are becoming more cautious. Without consistent inflow support, PIPPIN may struggle to maintain its current momentum. The AI Agent token depends heavily on sentiment-driven surges, and the diminishing strength of the CMF could keep the token from climbing further in the near term. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. PIPPIN CMF. Source: TradingView The broader outlook is complicated by the funding rate, which shows a heavily bearish structure. A negative funding rate means that most traders are opening short positions, expecting PIPPIN to fall. This widespread bearish positioning reflects low confidence among derivatives traders. Such sentiment can weigh down price action, as short sellers often accelerate downward pressure. Unless market conditions flip, this pessimistic stance may become a significant hurdle for PIPPIN and stall any attempt at a long-term rally. PIPPIN Funding Rate. Source: Coinglass PIPPIN Price Has Some Barriers To Breach PIPPIN is trading at $0.263, holding just above the $0.255 support level. The AI Agent token is still up nearly 42% today and briefly noted an 84% intra-day rise, reflecting strong volatility. However, breaking higher will require strong conviction from investors. Reaching $0.500 demands a near 90% rally from present levels. Given slowing inflows and a negative funding rate, this target may be difficult. Instead, PIPPIN could remain closer to the $0.193 support, with a fall toward $0.136 possible if holders begin securing profits. PIPPIN Price Analysis. Source: TradingView But if bullish sentiment returns and fresh capital flows back into the market, PIPPIN could break past the $0.330 and $0.403 resistance levels. Surpassing these barriers would open the path toward $0.500, invalidating the bearish outlook. The post PIPPIN Price Rally Hits 150%, Will It Continue? appeared first on BeInCrypto.

Ethereum is gaining momentum, and several technical signals suggest that a significant move could be on the way. With key support levels holding and bullish patterns forming, the market may be setting up for a notable upside. Golden Pocket Rejection: Confirming The High-Risk Scenario In a recent update on X, analyst Luca referenced his recent market commentary, noting that Ethereum price action unfolded exactly as he had anticipated, with the price tapping into the lost high-timeframe support range. This range aligned with the golden pocket between the 0.5 and 0.618 Fibonacci retracement levels, and the price rejected there, confirming the high-risk scenario he had highlighted in advance. Since that rejection, the price has broken below the key 0.618 Fibonacci Point of Interest (POI). However, the asset is still managing to hold above the crucial 1-Day Bull Market Support Band. Luca stressed that this band has historically served as a strong reversal spot over the last couple of months. Thus, he believes the current low-timeframe market structure is not yet fully invalidated. Despite this technical hold, the analyst reiterated his cautious approach, stating that until he sees clear signs of strength on the low-timeframes, signs that can durably confirm the bottom is in and that key support levels are properly reclaimed, he won’t scale out of his edges. Luca concluded that until that concrete bullish confirmation materializes, the most likely outcome for the immediate future remains further consolidation. The market needs time to absorb the recent volatility and build a new base before a more durable reversal to the upside can take hold. ETH/BTC Trendline Breakout: Market Risk Appetite Returns Crypto analyst Paramatik outlined that a major structural event has occurred on the ETH/BTC charts: a falling trend breakout. This is a highly significant development, although Paramatik suggests that a retest of this broken trendline may occur before the upcoming Federal Reserve meeting. The analyst provided clarity on what this breakout means for the broader market. First and foremost, this situation is interpreted as a strengthening signal for Ethereum. When ETH begins to gain value relative to Bitcoin, it typically indicates that the market’s overall risk appetite is returning, as investors shift capital from BTC to ETH. Secondly, the gained strength in Ethereum is often the key trigger for the start of the much-anticipated altcoin season. This is because investors first shift funds from BTC to ETH, and then move capital into the riskier, smaller altcoins in hopes of achieving higher returns. Paramatik summarized his findings by stating that this breakout in the ETH/BTC pair is not merely a technical line break; it is a harbinger of a market direction change. The analyst concluded with an analogy that the market has reached a state where every external event, even humorously irrelevant ones, could affect crypto prices.

According to remarks made at the Founders Summit, Fidelity’s chief executive Abigail Johnson offered a rare look at how the firm moved from curiosity to a full crypto business and why she keeps a personal stake in Bitcoin. The account ties early, small bets to later services now offered to advisors and clients. Early Interest Turned Practical Around 2013, a small group inside Fidelity began meeting to learn what Bitcoin might mean for the firm. They mapped out 52 possible uses. Most ideas did not survive testing. One early result — accepting Bitcoin donations for charity — gave the team credibility outside the company and opened doors for deeper work. That early credibility made it easier for the firm to test bigger ideas without waiting for orders from the top. A Bold Mining Bet Paid Off Johnson pushed for a $200,000 purchase of Antminer hardware at a time many inside opposed the move. Reports say that mining effort became “probably the single highest IRR business” Fidelity has had. The decision put staff into Bitcoin’s technical layers, giving them real experience with wallets, security, and the plumbing of the network long before many rivals caught up. Company Moves Into Custody Based on reports, demand from financial advisors drove Fidelity toward custody services. Advisors wanted secure ways to help clients hold and pass on Bitcoin, and Fidelity responded by building custody, custody-adjacent products, and support across asset management and research. Johnson told the audience she owns Bitcoin personally and described it as a core digital asset that could play a role in people’s savings plans. She calls it crypto’s “gold standard.” Exchange Supply Drops As Accumulation Continues Market data referenced in the session showed Bitcoin trading above $89,000 while balances on centralized exchanges fell to roughly 1.8 million BTC — a level not seen since 2017, according to aggregated CryptoQuant and Glassnode figures cited by BRN Research. Realized-cap growth stayed positive on a monthly basis, which analysts interpret as fresh capital entering the market even when price moves stay contained. Shark Wallets And Network Growth For Ethereum Reports also pointed to Ethereum strength. ETH climbed past $3,200 as so-called shark wallets holding between 1,000 and 10,000 ETH resumed accumulation. Daily new addresses briefly neared 190,000 following the Fusaka upgrade, a spike that analysts say often lines up with stronger demand for ETH. Market Signals And What’s Missing Analysts quoted in the briefing noted that supply leaving exchanges and steady accumulation point to longer-term holders taking control. What the market lacks, they said, is a decisive push into the roughly $96K to $106K band that would signal a broader breakout. For now, accumulation continues while prices trade in a tighter range. Based on reports from the conference, Fidelity’s crypto path reads like a slow build: small internal experiments grew into real operations, and a handful of early bets — including a $200,000 mining play — gave the firm practical know-how. Combined with current on-chain signs of accumulation, the picture suggests established players and patient holders are shaping market supply even as price momentum waits for a clearer trigger. Featured image from Pexels, chart from TradingView

A Florida man who lost $80 million in Bitcoin to scammers will get another chance to pursue legal action against Binance in state court. This follows a Wednesday appeal in which a court overturned a previous dismissal. Florida Ruling Revives Binance Lawsuit A Bloomberg report reveals that a judge has determined that the crypto exchange can be sued locally for allegedly failing to prevent the stolen funds from being transferred. The plaintiff, Jonny Chen, says he fell victim to a 2022 scam that drained 1,000 Bitcoin from his account. He further claims that he immediately notified Binance at the time and requested that the platform freeze the assets, but alleges the company did not act quickly enough, allowing the money to disappear. The victim had initially filed a negligence lawsuit in Florida, but the trial court dismissed the case on the grounds that it lacked jurisdiction because Binance is headquartered overseas. However, the recent appeal has now reopened the door for it to proceed. The decision said that Binance’s digital presence and business activity in Florida, including marketing to local users and offering services through its platform, were sufficient to establish legal jurisdiction. The court wrote that Chen “will have a fresh opportunity to show he can sue Binance Holdings Inc. in state court over an alleged theft of eighty million dollars’ worth of Bitcoin.” It also said the lower tribunal had made an error when it decided it could not hear the case. Jurisdiction Disputes This is not the first time a crypto company has delayed or contested legal action by raising jurisdictional challenges. Several large platforms have postponed or escaped litigation by arguing that regulators lacked authority over them due to their overseas registration. For instance, in the case of BitMEX, American investors had accused the firm of market manipulation and operating without proper licensing. However, the company countered that it was beyond U.S. reach because it was incorporated in the Seychelles and had no physical footprint in the country, which led to delays and partial dismissals in the proceedings. KuCoin, another foreign-based operator, faced action in New York for allegedly offering unregistered securities. The company had initially disputed the case by insisting it had no major ties to the United States. Despite this, New York’s Attorney General later relied on the Martin Act to move forward despite the firm’s objections. Bitfinex and its affiliate Tether have also dealt with multiple claims involving alleged market manipulation and transparency shortcomings, with the two initially challenging U.S. authority, citing foreign incorporation. Despite this, some litigation eventually moved forward and resulted in settlements. The post Florida Appeals Court Revives $80M Bitcoin Theft appeared first on CryptoPotato.

Corporate Bitcoin holdings have been treated as a straightforward signal for years: a company buys BTC, investors read it as conviction, and the stock trades with a built-in Bitcoin premium. While this might sound like a very clear and simple trade, the balance sheets behind it are anything but. A new CoinTab dataset shows that most publicly tracked Bitcoin-holding companies aren’t just sitting on piles of (digital) gold and that they’re balancing sizable liabilities alongside their BTC. And in many cases, the debt outweighs the Bitcoin entirely. The numbers cut through the façade fast: 73% of companies with Bitcoin on their balance sheets carry debt, and 39% owe more than their Bitcoin is worth at current prices. Around one in ten appears to have used borrowing to accumulate BTC directly, turning the treasury strategy into a leveraged trade. Once you frame the cohort this way, the risks start to look very different from the usual “corporate adoption” narrative. The Oct. 10 drop made those risks visible. When BTC slipped from $122,000 to $107,000, companies that marketed themselves as long-term holders or Bitcoin-adjacent plays stopped behaving like simple proxies. They traded like leveraged bets: 84% saw their share prices fall after the drawdown, with an average decline of 27%. The move was a structural response to companies whose treasury assets and debt loads suddenly pulled in opposite directions. This is the part of the corporate Bitcoin story investors rarely see. Many of those companies borrowed for routine reasons, ranging from expansion and refinancing to operational runway, and only later added BTC to their treasuries. Others acquired Bitcoin through operations rather than strategy. But on the screen, all of these companies get flattened into a single category: “firms with BTC.” But none of them are really uniform plays. All of them are regular businesses with very different liability profiles, and the Bitcoin sitting on their balance sheets interacts with that debt in ways investors typically overlook. Debt levels across companies holding Bitcoin To understand why this matters, you have to start with the mechanics. A company that carries $100 million in debt and $50 million in Bitcoin is definitely not a “Bitcoin play.” What it is is a leveraged operator with a volatile asset that sits in its books, among other, more or less volatile assets. The BTC position might move the stock on a quiet day, but it won’t reshape the balance sheet unless prices triple. But when you flip the ratio to $50 million in debt and $100 million in Bitcoin, the position becomes meaningful enough to change how investors price the equity. The problem is that the ratio isn’t stable, and Bitcoin’s current price decides which way the imbalance tips. CoinTab replicated these balance-sheet cuts using BitcoinTreasuries as the base layer and manually pulling debt figures from filings and public releases. It’s not the kind of work most investors ever bother to do, which is why the results land with such force. The scatter of debt versus Bitcoin value shows a cluster of companies whose BTC stacks barely make a dent in their liabilities. Another chunk sits near parity, the precarious zone where even a modest drawdown could flip the treasury from a helpful asset to a liability that needs to be covered. Then there are firms on the far side of the axis, where Bitcoin outweighs debt so comfortably that even a 50% crash wouldn’t put them underwater. One of the more interesting details is that at least 10% of the cohort used debt to purchase Bitcoin directly. That blurs the clean line between treasury allocation and financing strategy, because when prices are rising, the decision looks brilliant. But when the market retraces, the trade becomes an unforced error. The October slide pushed several of these companies straight into the red on their BTC-funded borrowing. Two firms confirmed in filings that they sold portions of their Bitcoin after the move to stabilize ratios. This isn’t a condemnation of mining firms, SaaS companies, or anyone else who happens to carry leverage. It’s a reminder that “corporate Bitcoin” is not a single category. It’s a mix of business models, debt profiles, sector pressures, and mechanical constraints, and the BTC line item comes wrapped in all of it. Investors who treat these stocks as interchangeable Bitcoin proxies end up buying risk profiles they don’t see. The dataset also shows that market structure matters more than market narrative. The corporate-holder trade works best when volatility is gentle and liquidity is deep, the kind of environment where a treasury position enhances equity without taking over. Once the market turns violent, the correlation stops behaving, and companies with modest Bitcoin exposure suddenly trade like leveraged futures funds. Firms with measured allocations get punished alongside firms that effectively leveraged into BTC. The equity bucket doesn’t distinguish. The Oct. 10 shock made this unavoidable. Companies whose core businesses were perfectly intact saw their stocks fall anyway because the market priced them as Bitcoin beta plus credit risk. Changes in their fundamentals didn’t cause the average 27% drawdown their stocks experienced; it was just their structure. Leverage stacked on volatility, volatility stacked on sentiment, and all of it compressed into a window where investors sold first and analyzed later. How the market behaved after the October drawdown The hardest part of writing about corporate Bitcoin is ignoring the larger-than-life figureheads, symbols, and marketing. It’s easy to get pulled into the Strategy archetype, with the charismatic CEO, the grand thesis, the daring balance-sheet trade. But the data shows that this point of view hides more than it reveals. Most companies in the cohort aren’t making tectonic bets on BTC; they’re just doing ordinary corporate finance while holding Bitcoin on the side, and once you account for the debt, the BTC position is often marginal. That doesn’t make the thesis irrelevant. It clarifies what investors are actually looking at. If you want clean Bitcoin exposure, buy Bitcoin. If you wish to use leverage and a BTC halo, buy companies where the ratio truly matters. If you want to avoid credit-linked volatility, stay away from firms where the BTC value is a footnote next to the liabilities column. The real value of the dataset is that it shows the true proportion. Corporate Bitcoin is a line item that interacts with debt, cost structure, sector cycles, and macro shocks. You can’t understand the biggest winners or the hardest drawdowns without looking at the whole picture. This data might help the market read Bitcoin treasuries and show why casual assumptions fail. A company with a large BTC stack isn’t automatically insulated, and a company with high leverage isn’t automatically doomed. What matters is the mix, the ratios, the timing, and whether management understands the difference between a narrative amplifier and a risk multiplier. As corporate adoption continues, the lines will keep blurring. More companies will buy BTC through operations; more will take on debt for reasons unrelated to crypto; more will get swept into the narrative, whether they like it or not. The lesson from the dataset is simple enough: if Bitcoin is going to live on balance sheets, the balance sheets deserve just as much attention as the Bitcoin. The post Corporate Bitcoin portfolios are hiding a massive liability crisis that triggered an average 27% crash last month appeared first on CryptoSlate.

According to the latest report, the lower house of Poland’s parliament has failed to overturn the President’s veto of the Crypto-Asset Market Act. Earlier this week, the Polish President, Karol Nawrocki, vetoed a bill aimed at setting strict rules in the country’s digital assets market. Why Did The Polish President Veto The Digital Asset Bill? On Friday, December 5, Bloomberg reported that the lower house of the Polish parliament couldn’t secure the required three-fifths majority vote to override the President’s veto of the Crypto-Asset Market Act. This bill, introduced in June 2025, aimed to align Poland with the European Union’s MiCA framework for the digital asset markets. Related Reading: Key Updates On The US Crypto Market Structure Bill: What You Need To Know However, President Nawrocki decided against signing the crypto market legislation due to concerns that it may pose a real threat to the freedom of Poles, their property, and the stability of the country. According to the country’s leader, “overregulation” is one way to drive away new companies and investors, while seriously slowing innovation. As Bitcoinist earlier reported, the crypto community in Poland had already raised concerns about the regulation as early as September, especially as the bill surpassed the European Union (EU) minimum regulatory requirements. For instance, the bill’s messaging read that all Crypto Asset Service Providers are required to obtain a license from the Polish Financial Service Authority (KNF). Meanwhile, the bill proposed heavy fines and potential prison time for market participants who break the law. According to the Bloomberg report, supporters of the bill have also voiced out the need to provide regulatory oversight of Poland’s digital assets industry. Their belief is that clear, comprehensive rules are critical to fight fraud and avoid potential misuse of digital assets by bad actors. Poland’s Presidency Calls Crypto Bill A Legal Fiasco Rafael Leskiewicz, the press secretary of the President, took to the social media platform to react to the lawmakers’ failure to override the veto. The presidential spokesperson said the Crypto-Asset Market Act is a legal fiasco, while calling the attempt to overturn the president’s veto a political maneuver. Leskiewicz said in a statement: The President, by vetoing this act, exposed the low quality of the legislation being created. This market should be subject to monitoring and control, but certainly, bad law should not be created that restricts the freedom to conduct business activities. President Nawrocki, who was elected earlier in June, had always portrayed himself as a pro-Bitcoin leader who would rather veto regulatory restrictions than create new digital asset laws. According to market data, the adoption of crypto assets by Polish households has continued to grow in recent years, with the number of domestic users expected to hit 7.9 million by this year’s end.

Kusama remains silent due to ongoing technical and security issues. December has historically been a month of announcements from Kusama. Continue Reading:Shytoshi Kusama Keeps SHIB Followers Guessing with Prolonged Silence The post Shytoshi Kusama Keeps SHIB Followers Guessing with...

A recent study by MATS and Anthropic Fellows confirms that AI agents can profitably exploit smart contract vulnerabilities, establishing a “concrete lower bound” for economic harm. Novel Exploits and Alarming Cost Reduction The accelerating push to automate human tasks...

Explore DePIN's explosive growth in 2025, bridging crypto with real-world infrastructure. Discover key projects, market impact, and future challenges in this vital sector. The post DePIN Takes Center Stage: The Convergence of Crypto and Real-World Infrastructure in 2025 appeared...

Though Do Kwon faced up to 25 years in federal prison for his crimes, prosecutors agreed in August that they would push for up to 12 years.

On Dec. 2, Citadel Securities filed a 13-page letter with the SEC arguing that decentralized protocols facilitating tokenized US equity trading already meet statutory definitions of exchanges and broker-dealers, and regulators should treat them accordingly. Two days later, the SEC’s Investor Advisory Committee convened a panel on tokenized equities that made clear the question is no longer whether stocks can move on-chain, but whether they can do so without dismantling the permissionless architecture that built DeFi. The gap between those two positions now defines the most consequential regulatory fight in crypto since the Howey test debates. Citadel’s letter arrived at the moment when tokenized equities stopped being a thought experiment. The firm welcomes tokenization in principle but insists that realizing its benefits requires applying “the key bedrock principles and investor protections that underpin the fairness, efficiency, and resiliency of US equity markets.” In other words, the document suggests that companies seeking to trade tokenized Apple shares must comply with Nasdaq rules, including transparent fees, consolidated tape reporting, market surveillance, fair access, and registration as an exchange or broker-dealer. The filing warns that granting broad exemptive relief to DeFi platforms creates a shadow US equity market in which liquidity fragments, retail investors lose Exchange Act protections, and incumbents face regulatory arbitrage from unregistered competitors. Within hours, Uniswap founder Hayden Adams fired back on X, calling Citadel’s position an attempt to “treat software developers of decentralized protocols like centralized intermediaries.” He invoked ConstitutionDAO, the 2021 crowdfunding effort that pooled $47 million in Ethereum to bid on a first-edition Constitution at Sotheby’s, only to lose to Griffin’s $43.2 million bid. Additionally, Adams zeroed in on Citadel’s fair-access argument, calling it “actual nerve” from the dominant player in retail order flow. The exchange captured crypto’s core narrative of permissionless code versus gatekeeper control and set the terms for the Dec. 4 panel. The statutory box citadel wants to close Citadel walks through the Exchange Act’s definitions to make its case. An exchange is “any organization, association, or group of persons” that “provides a market place or facilities for bringing together purchasers and sellers of securities.” Rule 3b-16 clarifies that a system operates as an exchange if it brings together orders using established, non-discretionary methods and if buyers and sellers agree to trade. Citadel argues many DeFi protocols meet all three prongs: there is a “group of persons” behind the protocol (founding designers, governance organizations, foundations), the protocol brings together buyers and sellers via non-discretionary code (automated market makers, on-chain order books), and users agree to trade when they submit transactions. The same logic extends to broker-dealer status. Citadel catalogs DeFi trading apps, wallet providers, AMMs, liquidity providers, searchers, validators, protocol developers, and smart contract developers. For each, it lists transaction-based fees, governance-token rewards, or order-routing payments. The implication is that protocols that collect revenue tied to securities trading, even through code, must register. That framing aligns with the SEC’s 2024 enforcement action against Rari Capital, which charged a DeFi lending protocol and its founders with acting as unregistered brokers. Citadel wants Rari to serve as the template. The fair access requirement became the flashpoint. Exchanges and ATSs must apply objective criteria to all users, removing discrimination in who can trade and the fees they pay. Citadel’s letter notes that there are “no equivalent requirements for unregistered DeFi trading systems, enabling them to limit access arbitrarily or preference certain members over others.” Adams chose that paragraph for his screenshot, arguing that Citadel cannot credibly claim DeFi lacks fair access when the firm itself dominates retail order flow from brokers like Robinhood. Armani Ferrante, founder of Backpack, added: “‘DeFi’ is not well defined and so all of these conversations are an apples to oranges comparisons. There’s CEXs. Unregulated CEXs. DEXs. And unregulated CEXs pretending to be DEXs.” What the Dec. 4 panel revealed The SEC Investor Advisory Committee meeting framed tokenized equities within a mainstream market structure rather than treating them as a crypto novelty. The panel, moderated by Andrew Park and John Gulliver, brought together representatives from Coinbase, BlackRock, Robinhood, Nasdaq, Citadel Securities, and Galaxy Digital. The agenda tested how issuance, trading, clearing, settlement, and investor protections could work under existing rules, with an explicit focus on native issuance versus wrapper models, Regulation NMS applicability, interoperability across chains, and settlement and short-selling mechanics. Commissioner Crenshaw delivered the skeptical case. She noted that many tokenized equity products marketed as wrapped exposure are not one-to-one replicas of the underlying shares, with ownership rights and entitlements that can be unclear or disconnected from issuers. Additionally, she questioned whether relaxing requirements simply because a product sits on a blockchain invites regulatory arbitrage. That framing dovetails with the agenda’s emphasis on distinguishing true equity-like rights from lookalike tokens. Chairman Paul Atkins countered by pitching tokenization as a modernization project for US capital markets, arguing the Commission should enable markets to move on-chain while keeping US leadership in global finance. Outside the meeting, incumbent resistance sharpened. The World Federation of Exchanges warned the SEC against broad relief that would let crypto firms sell tokenized stocks without the traditional regulatory perimeter. SIFMA echoed a technology-neutral line, supporting innovation but arguing that tokenized securities should remain subject to core investor-protection and market-integrity rules and that any exemptions should be narrow. Nasdaq’s earlier proposal to treat qualifying tokenized shares as fungible with traditional shares on the same order book, with the same CUSIP and the same material rights, aligns with the direction Atkins appears to favor. Competing theories of control Citadel’s theory holds that a security is a security, regardless of the ledger. If you bring together buyers and sellers of Apple shares, even tokenized, using automated code and collecting fees, you perform exchange or broker-dealer functions and should meet those obligations. This view treats code as infrastructure, not ideology. It assumes that investor protection flows from intermediary accountability rather than from technical design. Adams’s theory treats open-source code as distinct from intermediaries. A smart contract does not have customers, does not take custody, does not exercise discretion, and does not fit the Exchange Act’s mid-20th-century model. Treating protocol developers as brokers conflates writing software with operating a business and hands incumbents veto power over which technologies can exist. This view assumes protection flows from transparency and permissionlessness: anyone can audit the code, fork it, or build competing infrastructure. Commissioner Hester Peirce, who leads the SEC’s Crypto Task Force, has staked out a position closer to Adams. In a February statement, she stated that ordinary DeFi front-end builders and open-source developers should not automatically be held to exchange and broker standards just for publishing code or running a non-custodial UI. Yet Citadel’s letter explicitly lists “DeFi protocol developers” and “smart contract developers” as potential intermediaries who design, deploy, and maintain infrastructure while collecting fees for executing trades, exercising governance rights, and prioritizing network traffic. If deploying a smart contract that lets users trade tokenized stocks makes someone a broker-dealer subject to net-capital rules, custody requirements, and know-your-customer obligations, then open-source protocol development becomes legally untenable. What happens next The signal for 2026 is that the SEC will test whether tokenized equities can exist inside the same investor-rights and market-integrity architecture that governs today’s equities. Atkins has floated an innovation exemption, a supervised sandbox that would let some tokenized equity platforms operate without full registration while the agency studies the risks. The Dec. 4 panel framed that exemption as a compliance stress test, not a blanket waiver. The big unresolved fight is whether innovation pathways will be tightly tethered to Regulation NMS and existing intermediary obligations, or whether the SEC will entertain broader experimental carve-outs that TradFi groups fear could fragment liquidity and weaken protections. If the SEC sides with Citadel, DeFi protocols handling tokenized equities face compliance burdens designed for Fidelity and Morgan Stanley, driving activity offshore or into gray-market wrappers. If it sides with Adams, traditional participants will argue that the agency created regulatory arbitrage, and litigation from SIFMA and the World Federation of Exchanges will follow. The outcome decides whether tokenized US equities can trade on public blockchains under the permissionless ethos that built DeFi, or whether opening the stock market to on-chain settlement means closing DeFi’s open architecture in America. Griffin placed his bet. The SEC now chooses who gets the architecture. The post Citadel pushes SEC to classify open-source developers as unregistered stockbrokers – Uniswap fires back appeared first on CryptoSlate.

Though Do Kwon faced up to 25 years in federal prison for his crimes, prosecutors agreed in August that they would push for up to 12 years.

The SEC will hold a crucial crypto privacy roundtable on Dec. 15, 2025, shaping future regulations for privacy coins and decentralized protocols. The post SEC to Host Pivotal Crypto Privacy Roundtable on Dec. 15: Implications for Digital Assets appeared...

Legal experts are concerned that transforming ESMA into the “European SEC” may hinder the licensing of crypto and fintech in the region.

Ethereum spot ETFs recorded $75.21 million in outflows on December 5, with all nine funds posting zero inflows. BlackRock’s ETHA accounted for the entire withdrawal and was the fourth consecutive day of net redemptions for Ethereum (ETH) ETFs. ETH traded…

Legal experts are concerned that transforming ESMA into the “European SEC” may hinder the licensing of crypto and fintech in the region.

Input Output, the engineering firm best known for building Cardano, has begun a sweeping restructuring that includes a name change and a move into technology sectors far beyond its blockchain origins. The company said on December 5 that it will drop “Global” from its name and operate as Input Output Group. It plans to expand into quantum computing, digital identity, fintech, and healthcare. Why is Cardano’s Engineering Firm Expanding Operations? Charles Hoskinson, the company’s founder, said the redesign reflects how far the organization has evolved from its initial focus on blockchain protocol engineering. He described the new phase as an effort to build a global technology group capable of addressing complex problems across fintech, privacy, artificial intelligence, and healthcare. Hoskinson added that the firm will continue to support Cardano’s core development. “As Input Output Group, we are entering a new chapter of expansion, investment, and innovation across the United States, Latin America, Europe, the Middle East, and emerging markets,” he noted. The shift mirrors a broader trend in the crypto industry as firms diversify into areas that blend distributed systems, data infrastructure, and machine intelligence. A recent UN analysis estimates that rapid innovation could push the AI sector toward $5 trillion within a decade. That scale, the report said, will shape adjacent fields such as digital identity and quantum computing. By adding these sectors to its portfolio, Input Output aims to expand its commercial pipeline and attract enterprise clients. Notably, the company has already advanced its privacy technology work through Midnight. The blockchain is designed to support data protection and compliance for institutional users. Meanwhile, the restructuring arrives at a difficult time for Cardano, which has struggled to keep pace with competitors such as Solana and Ethereum. For context, Cardano hosts less than $50 million in stablecoin supply. On the other hand, rival ecosystems like Ethereum support hundreds of billions of these assets. Considering this, Hoskinson argued that Cardano’s slower uptake stems from narrative challenges, not technical limits. “It’s not a technology problem. It’s not a node problem. It’s not a problem of imagination and creativity. It’s not a problem of execution. We can pretty much do anything. It’s a problem of governance and coordination and ultimately accountability and responsibility,” Hoskinson said. Input Output is trying to counter that gap through a new coalition with Cardano’s founding organizations. The effort aims to accelerate integrations for tier-one stablecoins and custody providers. The firm hopes these additions will improve liquidity, deepen infrastructure, and strengthen Cardano’s appeal to developers and financial institutions. The post Cardano Builders are Now Betting on AI and Quantum Computing Growth appeared first on BeInCrypto.

Stablecoin market caps are picking up steam again, inching their way back toward the $309 billion all-time high after another $2.26 billion poured in over the past week. Stablecoin Market Cap Charges Toward $309B All-Time High The fiat-pegged token...

In December 2020, the SEC filed its lawsuit against Ripple, but this is now totally history, with the XRP community celebrating victory.

Ethereum (ETH) traders snapped back into action this week as buyer aggression climbed to its strongest reading since early August, according to the latest Binance futures data. The move follows the Fusaka network upgrade, activated on December 3, which appears to have shifted mood across derivatives and on-chain metrics almost immediately. Market Sentiment Flips Following Upgrade According to pseudonymous analyst CryptoOnchain, the Taker Buy/Sell Ratio for ETH futures on Binance jumped to 0.998, marking the metric’s highest level since early August and representing a sharp reversal from recent lows around 0.945. “This rebound from the lows (0.945) shows that futures traders view the Fusaka update as a bullish catalyst and are actively accumulating long positions,” stated the analyst. “Although the price is still hovering around $3,130, the acceleration of this ratio has outpaced the price itself, acting as a leading indicator.” They also noted that a break above the 1.0 level would strongly suggest the recent corrective period has ended, and kickstart a run “toward the $3,500 to $4,000 targets.” Spot market data also seems to support the shift. As noted by Arab Chain, the Cumulative Volume Delta (CVD), which tracks net buying and selling pressure, has shown positive movements with Ethereum trying to stabilize above $3,100. This, according to the firm, points to new liquidity entering the market. Furthermore, so-called shark wallets, holding between 1,000 and 10,000 ETH, have been key drivers, with their accumulation helping push the price to a three-week peak of $3,230 yesterday. The upgrade was preceded by a record-setting spike in network activity on November 26, when total gas used hit 215 billion, indicating heavy pre-upgrade positioning by users and developers. Institutional Divergence and Future Price Trajectory While futures traders and large holders are showing renewed interest, there still exists a significant divergence in institutional demand. Data from Bitwise revealed a steep drop in purchases by public Digital Asset Treasuries (DATs). Their monthly accumulation fell 81% from August to November 2025, dropping to 370,000 ETH last month. Observers have linked this dip to challenging market conditions that have reduced the buying power of these corporate entities. However, some prominent commentators are staying optimistic regarding the long-term path of the world’s second-largest cryptocurrency despite this institutional cooling. One of them, Fundstrat’s Tom Lee, while at the Binance Blockchain Week in Dubai, forecasted a potential rise to $20,000 for ETH by 2026, tied to an expected boom in real-world asset tokenization. This outlook suggests that fundamental utility, rather than short-term treasury flows, may dictate the next major cycle. Currently, the asset is trading around $3,130, reflecting a modest 3.3% gain over the past week but remaining down about 6% for the month. The post Fusaka Sparks ETH Frenzy as Buyer Aggression Reaches 4-Month High appeared first on CryptoPotato.

SEC Chair Paul Atkins advocates for modernizing crypto regulations, signaling a potential shift in US digital asset policy. Explore the proposed changes & market impact. The post SEC Chair Paul Atkins Urges Modernization of Crypto Regulations: A New Era...

The SEC’s Crypto Task Force scheduled a four-hour roundtable on financial surveillance and privacy for Dec. 15, bringing together zero-knowledge proof developers, civil liberties advocates, and protocol executives to debate whether blockchain privacy tools can coexist with anti-money laundering...

XRP has secured a new listing on an SFC-licensed Hong Kong exchange, this follows as XRP continues to attract interest in the market.

The SEC’s Crypto Task Force scheduled a four-hour roundtable on financial surveillance and privacy for Dec. 15, bringing together zero-knowledge proof developers, civil liberties advocates, and protocol executives to debate whether blockchain privacy tools can coexist with anti-money laundering enforcement. The timing is deliberate. Two months ago, the co-founders of Samourai Wallet received five- and four-year prison sentences for operating what prosecutors called an unlicensed money transmitter that facilitated $237 million in illegal transactions. Three months before that, a jury convicted Tornado Cash developer Roman Storm on unlicensed money-transmitting charges but deadlocked on money-laundering conspiracy and acquitted him on sanctions violations. FinCEN’s proposed Section 311 rule targeting international cryptocurrency mixing as a “class of transactions of primary money laundering concern” remains unfinished, with its comment period closed since January 2024 and its final text expected in 2025. Commissioner Hester Peirce, who leads the task force, framed the event as a chance to “recalibrate financial surveillance measures to ensure the protection of our nation and the liberties that make America unique.” The panel list reads like a blueprint for what that recalibration might look like: Zcash founder Zooko Wilcox, Aleo CEO Koh, Espresso Systems CSO Jill Gunter, and SpruceID founder Wayne Chang represent the zero-knowledge and privacy-preserving computation camp. Summer Mersinger from the Blockchain Association and J.W. Verret from George Mason Law School bring the policy and legal framing. ACLU senior policy analyst Jay Stanley represents the civil liberties perspective that has historically treated financial surveillance as a Fourth Amendment pressure point. The three-level squeeze on privacy tools defines the backdrop. Samourai’s sentences show the harshest operational-liability outcome for wallet-linked mixing: co-founders Keonne Rodriguez and William Lonergan Hill pleaded guilty, and Judge Denise Cote sentenced them in November 2025. The DOJ treated Samourai as a mixer that enabled darknet markets, cyber intrusions, and transactions tied to sanctioned jurisdictions. The theory is: if a software facilitates financial privacy and someone operates it as a service, they run an unlicensed money-transmitting business. The Storm verdict draws a narrower line. The jury convicted him on the unlicensed transmitter conspiracy but deadlocked on the more serious money-laundering charge and acquitted him on sanctions-related conspiracy. Prosecutors argued that Tornado Cash enabled over $1 billion in illegal transactions, including flows tied to North Korea-linked actors. Still, the jury showed greater comfort with punishing “money transmission” theories than with affirming the full “developer equals launderer” leap. FinCEN’s Section 311 proposal is the regulatory overhang that makes the SEC roundtable feel coordinated with a broader federal posture. The agency issued the notice of proposed rulemaking in October 2023, identifying international cryptocurrency mixing as a money-laundering concern and proposing enhanced recordkeeping and reporting requirements for covered financial institutions when they know, suspect, or have reason to suspect a transaction involves such mixing. Legal analyses at the time noted how unusual it was for FinCEN to use Section 311 to target an activity class rather than a specific institution or jurisdiction. The comment period ended in January 2024. A Unified Agenda entry indicated movement toward a final rule stage with a 2025 window. As of early December 2025, FinCEN’s Special Measures list still shows the cryptocurrency mixing action as anchored to the 2023 finding, without a listed final-rule link, indicating the rule has not been finalized. The gap between the NPRM and the final rule creates uncertainty about how aggressively FinCEN will institutionalize surveillance expectations for mixer-linked flows. The privacy-preserving computation bet The panelists represent a technical thesis: that zero-knowledge proofs, homomorphic encryption, and programmable privacy can satisfy compliance requirements without exposing transaction graphs to blanket surveillance. Aleo, Espresso, Zcash, and similar projects build systems that allow users to prove they meet regulatory thresholds, are non-sanctioned counterparty, have complied with tax reporting requirements, and are accredited investors, without disclosing the full transaction history. The theory assumes regulators will accept selective disclosure backed by cryptographic proof rather than requiring full ledger visibility as the default. SpruceID’s Wayne Chang brings a complementary angle: decentralized identity systems that let users control attestations about compliance status without relying on centralized intermediaries. The counterargument, implicit in the Samourai and Storm prosecutions, is that privacy-by-default architectures obscure enforcement sight lines too much. Prosecutors argued that Tornado Cash and Samourai enabled bad actors precisely because the tools did not distinguish between legitimate privacy use cases and criminal obfuscation. The DOJ’s position treats privacy tools as infrastructure that must be designed with law enforcement access built in, not bolted on. That framing collapses the distinction between “tool” and “service” and treats developers who deploy privacy-preserving code as operators of financial services subject to Bank Secrecy Act obligations. What the SEC gains from this conversation The roundtable gives the SEC a public record on whether privacy-preserving technology can meet securities law obligations. The commission does not regulate mixing directly; that is, FinCEN and DOJ territory. However, it governs the issuance, trading, and custody of digital assets that could be structured with privacy features. If a tokenized security uses zero-knowledge proofs to hide transaction details, does that violate broker-dealer reporting requirements? Can an alternative trading system use privacy-preserving computation to match orders without disclosing pre-trade information to competitors while still meeting Regulation ATS transparency rules? The roundtable panelists will potentially answer those questions live, on the record, with Chairman Paul Atkins and Commissioners Mark Uyeda and Hester Peirce present. The timing also lets the SEC position itself relative to FinCEN. If FinCEN finalizes the Section 311 mixer rule with broad restrictions, the SEC can point to its December roundtable as evidence that it explored whether technology could solve the compliance problem before defaulting to prohibition. On the other hand, if FinCEN softens the rule or delays it further, the SEC’s roundtable becomes a signal that the administration is open to privacy-preserving solutions that meet law enforcement needs. Either way, the event builds a record that lets the SEC claim it consulted technologists, civil libertarians, and industry before deciding how to treat privacy in digital asset regulation. The SEC now decides how much weight to give privacy-preserving computation in its own rulemaking. If the roundtable reaches consensus that zero-knowledge proofs can meet compliance obligations, the commission can incorporate that flexibility into broker-dealer, ATS, and custody rules for digital assets. If the roundtable fractures into “privacy is a right” versus “privacy enables crime” camps, the SEC defaults to existing surveillance-heavy frameworks and leaves privacy advocates to litigate in court. The Samourai sentences and the Storm verdict, for now, have already defined the boundaries of criminal liability. The Dec. 15 roundtable decides whether there is space inside those boundaries for privacy-preserving technology to exist at all. The post Zcash and privacy protocols face a “do-or-die” SEC meeting that determines if developers are personally liable for code appeared first on CryptoSlate.

BitMine expanded its Ethereum holdings this week with nearly $200 million in fresh purchases, deepening its lead as the largest single holder of the asset. The move comes as ETH trades near a one-month low and follows a period of steady distribution by medium-sized wallets, according to on-chain data. BitMine’s Acquisition Comes Amid Smaller ETH Holders Offload Lookonchain, citing Arkham Intelligence, reported that BitMine bought 22,676 ETH from BitGo on December 6 for about $68.7 million. The transaction suggests an average purchase price of roughly $3,028 per token. Notably, the firm had already acquired 41,946 ETH a day earlier from FalconX and BitGo for about $130.8 million. Tom Lee(@fundstrat)'s #Bitmine just bought another 22,676 $ETH($68.67M) 4 hours ago.https://t.co/H5PQRjt2oBhttps://t.co/Oyc0Cm1tob pic.twitter.com/vey8AwqmnF— Lookonchain (@lookonchain) December 6, 2025 These deals build on BitMine’s disclosure last week that it held 3.73 million ETH as of November 30. At current prices, the stash is worth more than $11 billion. BitMine also reported holdings of 192 BTC, a $36 million position in Eightco Holdings, and $882 million in cash. Strategy ETH Reserve data shows the company now holds more ETH than its next five peers combined, including SharpLink and the Ethereum Foundation. The scale of its treasury places BitMine as the second-largest corporate crypto holder by value, behind only Michael Saylor-led Strategy, the largest corporate holder of Bitcoin. The latest purchases come during a soft stretch for ETH. BeInCrypto data shows the token has fallen more than 10% over the past month to about $3,027. Alphractal’s Ethereum Accumulation Heatmap indicates that wallets holding 1 to 10,000 ETH sold heavily near this cycle’s recent peak. Those addresses continue to offload tokens, adding pressure to the market. Ethereum Accumulation Trend. Source: Alphractal However, larger whales with more than 10,000 ETH have shown limited activity, with light distribution but no strong accumulation. Despite the weakness, several analysts maintain a bullish long-term view. Fundstrat CEO and BitMine Chair Tom Lee said Ethereum could reach $12,000 if Bitcoin climbs to $250,000, citing the historical relationship between both assets and growing demand for tokenized real-world assets. He added that ETH could rise as high as $62,000 if its valuation ratio to Bitcoin expands over time. The post Tom Lee’s BitMine Extends Ethereum Bet With $200 Million in Two Days appeared first on BeInCrypto.

After a turbulent few weeks in the crypto market, Digital Asset Treasury (DAT) companies have been thrust back into the spotlight, and not for the reasons they’d hoped. Bitcoin, Ethereum, and the broader market have suffered sharp declines amid macro fears, including a potential unwind of the yen carry trade if the Bank of Japan lifts rates. Add rising volatility, cascading liquidations, and aggressive short positioning from major institutions, and you get the perfect recipe for investor panic. DAT stocks have been hit especially hard. Companies that once traded at multiples of their modified net asset value (mNAV) — 3x, 5x, even 10x over the summer, are now languishing at or below parity. The fear is simple: as prices fall, will treasuries be forced to dump their crypto to service loans, defend equity valuations, or simply stay solvent? According to James Butterfill, Head of Research at CoinShares, the situation is fragile, but not doomed. “During the summer of 2025, many DATs were trading at 3x, 5x, or even 10x their mNAV and are now all hovering around 1x or even lower. From here, the path splits: either declining prices trigger a disorderly unwind via an aggressive sell-off, or companies hold on to their balances and benefit from a potential recovery in prices. We lean toward the latter, especially given the improving macro backdrop and the possibility of a December rate cut, which would support crypto markets more broadly.” If prices continue to slide, shorts could deepen their attack, especially on companies whose treasuries hold large, illiquid, or highly correlated digital asset reserves. A December Turnaround? The question now is whether DAT firms face a forced-selling doom loop… or the setup for an explosive short squeeze. Butterfill believes the latter remains a strong possibility. “Either declining prices trigger a disorderly unwind via an aggressive sell-off, or companies hold on to their balances and benefit from a potential recovery in prices. We lean toward the latter, especially given the improving macro backdrop and the possibility of a December rate cut, which would support crypto markets more broadly.” Markets may be approaching a pivotal moment. Inflation is cooling, bond markets have stabilised, and speculation is growing that central banks, including the Fed, could deliver a rate cut in December. A cut would weaken the dollar, ease liquidity stress, and potentially trigger a strong rebound across digital assets. That may be all DAT companies need to survive the current storm. DATs Must Now Evolve — or Die Even if a recovery arrives, Butterfill argues the industry must confront uncomfortable structural flaws. “The recent pullback in crypto markets has exposed their structural weaknesses. Several factors contributed to the decline, including the lack of robust operating businesses behind treasury strategies, rotation towards other blockchain-related equity investments, and the overall decline in crypto prices.” Investors have grown far less tolerant of: shareholder dilution ultra-high asset concentration firms with large crypto treasuries but no real revenue Companies using public markets to accumulate tokens rather than build products This behaviour, he says, has damaged the entire sector’s credibility. The DAT Model of the Future Butterfill predicts a cleansing cycle, one that filters out momentum-driven firms and rewards those building real economic value. “As the bubble deflates, the market is re-evaluating which companies genuinely fit the DAT model and which were simply riding momentum. The future of DATs lies in returning to fundamentals: disciplined treasury management, credible business models, and realistic expectations about the role of digital assets on corporate balance sheets.” The winners of the next cycle, he says, will look far more like the DATs originally envisioned: global companies diversified revenue streams digital assets used strategically, not opportunistically long-term balance sheet management, not speculative treasury expansion If markets stabilise, or even turn upward, companies that held the line instead of liquidating may find themselves positioned for strong recovery. In that environment, any asset managers that have a broad short strategy targeting DAT stocks could rapidly unwind, amplifying upside volatility. A December rate cut could be the catalyst. The post This December Could Decide the Fate of Digital Asset Treasuries: Here’s CoinShares’ Survival Warning appeared first on BeInCrypto.

Rosen Law Firm investigates Balancer (BAL) for alleged securities law violations, raising concerns for DeFi regulatory compliance and investor protection. The post Balancer (BAL) Under Scrutiny: Rosen Law Firm Launches Securities Class Action Investigation appeared first on FXcrypto News.

After months and months of building anticipation and online speculation, the second-largest altcoin joined the two market leaders in having its own exchange-traded funds tracking its performance on November 13. Here’s how XRP compares in terms of inflows and price movements in its first weeks against BTC and ETH. Bitcoin ETF Debut and Price Moves Following a decade of SEC rejections and delays at best, the US regulator finally greenlighted a bunch of spot Bitcoin ETFs in early 2024. The launch date was set on January 10, and, somewhat expectedly, the underlying asset’s price tumbled immediately in a classic sell-the-news event. BTC had risen to $48,000 at the time, but quickly dipped below $40,000. However, that short-term correction couldn’t keep the asset from rising in the following weeks. In fact, Bitcoin had charted a new all-time high within two months of well over $73,000. A sizeable portion of those gains came on the heels of the impressive ETF inflow numbers. Aside from Grayscale’s converted trust (GBTC), which was almost always in the red, most other BTC ETFs were gaining traction, especially BlackRock’s IBIT. Just a few days before BTC’s ATH, the cumulative net inflows into all ETFs skyrocketed above $1 billion (on March 12), which undoubtedly benefited the underlying asset. Overall, the Bitcoin ETFs had a highly successful debut, which has (mostly) continued ever since with over $57 billion in cumulative net inflows in less than two years. BTC also trades nearly 2x its price on the ETF debut day. ETH’s Disappointment Needless to say, ETH also dumped after the release of the ETFs tracking its performance. The debut day was July 23, 2024, and Ether went from $3,600 to under $2,200 in about two weeks. However, this wasn’t just a one-off sell-the-news event as with BTC. The ETFs couldn’t pick up the pace for months, as the Grayscale withdrawals overshadowed the minor net inflows. In fact, the Ethereum ETFs couldn’t stage an impressive inflow streak until the end of the year. ETH’s price reflected that with a massive surge from under $2,500 to over $4,000 in December 2024. Since then, the ETH ETFs have been mostly stable and positive. However, the largest altcoin’s current price is below its valuation on July 23, 2024. How Does XRP Compare? The first XRP-based ETF with 100% exposure to the asset went live on November 13. Canary Capital’s XRPC broke the 2025 record for highest trading volume on day 1. Three more such financial vehicles followed suit in the next few weeks. The total inflows are close to $900 million. There hasn’t been a single day in which the net outflows have overshadowed the net inflows, and the streak remains intact even though the demand has slowed down a bit. Yet, XRP’s price has followed the overall trend. It dumped on November 13 from over $2.50 to under $2.30 and has been unable to stage a notable recovery. Even though it rebounded from the multi-month low of $1.83 reached on November 21, it currently trades at $2.03, which is well below the debut day price. Nevertheless, the XRP ETFs have outperformed the BTC and ETH counterparts since Canary Capital’s product debuted, which should be considered as a bullish sign for the underlying asset if the inflows continue. The post The ETFs Battle: Where Does Ripple (XRP) Rank Vs. Bitcoin (BTC) and Ethereum (ETH)? appeared first on CryptoPotato.

Bitcoin’s price trembles at $89,000 after the White House published its National Security Strategy on Friday.

Industry voices say the SEC's privacy session signals a rare opportunity to shape oversight while preserving civil-liberty protections. The post SEC Begins Privacy Debate With Zcash-Led Roundtable appeared first on BeInCrypto.

According to a press release from Consob on December 4, 2025, Italy’s securities regulator told crypto and virtual asset service providers (VASPs) that they must secure authorization under the EU’s Markets in Crypto-Assets regime (MiCA) by December 30, 2025,...

The US Securities and Exchange Commission (SEC) will hold its delayed roundtable on financial surveillance and privacy on December 15. This sets the stage for one of the agency’s most direct engagements yet with the builders of privacy-focused crypto systems. SEC Opens Door to Privacy Tech The SEC said the session will examine how privacy-preserving technologies work. It will also explore how those tools intersect with existing surveillance expectations in financial markets. The SEC's Crypto Task Force is holding a roundtable on financial surveillance and privacy on Dec. 15.See agenda, panelists, and registration details: https://t.co/sKnREO5XdM— U.S. Securities and Exchange Commission (@SECGov) December 5, 2025 Zooko Wilcox, founder of Zcash, is expected to present at the event. Other participants include Aleo Network Foundation CEO Alex Pruden, Predicate CEO Nikhil Raghuveera, and SpruceID founder Wayne Chang. Meanwhile, their involvement underscores the agency’s attempt to gather input from teams building zero-knowledge proofs, identity systems, and private computation frameworks. Moreover, Hester Peirce, who leads the SEC’s crypto task force, said the agency wants a clearer view of the tools that shape modern digital transactions. She added that fresh insight could help the financial agency rethink its oversight approach without constraining civil liberties. “New technologies give us a fresh opportunity to recalibrate financial surveillance measures to ensure the protection of our nation and the liberties that make America unique,” she stated. Her comments mark one of the clearest signals that the agency is weighing how privacy infrastructure fits into broader digital-asset policy. Interest in Privacy Token Spikes Craig Salm, Chief Legal Officer at Grayscale, said the roundtable is also an opportunity for the industry to demonstrate that privacy protocols can coexist with regulatory goals. Salm said active engagement with policymakers is essential for teams that worry about existential regulatory risk. He added that this type of forum gives real meaning to the long-standing call for crypto firms to “come in and talk to us.” Interest in privacy tools has surged this year as regulators in multiple regions expand monitoring requirements. The trend has prompted many crypto users to adopt systems that conceal transaction details or restrict data exposure. That shift is visible in market performance. Artemis data shows that privacy-focused tokens have climbed more than 237% in 2025. The gains are driven in part by strong rallies in Zcash, Monero, and other projects at the center of the debate. Privacy Tokens Outperform Crypto Market. Source: Artemis The roundtable signals that the SEC now recognizes privacy technologies as a central part of the crypto market structure. It also shows that policy decisions made today will shape how those systems scale in the years ahead. The post SEC Begins Privacy Debate With Zcash-Led Roundtable appeared first on BeInCrypto.

XRP price has tanked for three consecutive days, erasing the gains made earlier this week, even as the recently launched ETFs gained momentum. Ripple (XRP) token dropped to $2.03 today, Dec. 6, down by over 44% from its highest point…

Bitcoin may be holding slightly below $90,000, but data imply that the $100K year-end target is still alive as analysts point out that three Bitcoin Price Prediction indicators are flashing a green signal.The 3-Key Drivers For Bitcoin $100k Year-end TargetThe first and most critical driver is the shift in Federal Reserve monetary policy. After months of reducing liquidity through quantitative tightening, where the central bank stopped reinvesting proceeds from maturing bonds and Treasury holdings, the Fed ended this program on December 1.Markets are now positioning for an easing cycle. QUANTITATIVE TIGHTENING DONE ; WHAT’S NEXT FOR $BTC?Historically, Bitcoin and altcoins struggle during prolonged Quantitative Tightening (QT = red zone), which lasted three years and just ended on December 1, 2025.What usually follows: an uptrend (black zone).Once… https://t.co/oosjrrFd0E pic.twitter.com/VzxaTLa4bn— CryptosRus (@CryptosR_Us) December 6, 2025 Data from the CME FedWatch Tool reveals that traders see an 87% likelihood of a rate reduction at the upcoming Wednesday meeting, with three additional cuts anticipated by September 2026.This policy shift comes as tech sector borrowing costs rise amid substantial AI infrastructure debt, creating conditions where investors may seek alternative stores of value. The combination of these factors could provide the momentum needed for Bitcoin to cross the six-figure threshold in the coming weeks.The second driver is liquidity structure. According to order-book data from CoinGlass, Bitcoin currently has two significant liquidity clusters: the downside liquidity around $90,000, which is currently being tested, and upside liquidity near $94,500. If the latter is breached, a rally toward $100,000 becomes highly probable.Bitcoin Price Prediction: Rising Channel Points to $100k BreakoutThe third driver comes from technical analysis, which suggests a $100,000 recovery if BTC breaches the $95,000 resistance.The 4-hour chart shows Bitcoin trading inside a rising channel, though the latest rejection near mid-range has pushed price back toward the lower trendline. The key support level holding the structure together is $84,000. If BTC stays above that line, the overall channel remains intact, and a rebound toward $95,000 resistance becomes likely.Source: TradingViewA breakout above $95,000 would flip the structure bullish and open the path toward the $100,000 region, the next major liquidity target. However, RSI has cooled off sharply and is leaning bearish, indicating weakened momentum. If Bitcoin loses $84,000, the rising channel breaks down, and price could slide toward longer-term support around $80,000.Maxi Doge Presale Gains TractionWhile Bitcoin awaits bullish confirmation, Maxi Doge (MAXI) is emerging as a notable Ethereum-based meme coin with ambitions to replicate Dogecoin’s success story.MAXI is channeling the community-driven energy that propelled DOGE from $0.00008547 in 2015 to its current $0.138 price, a remarkable +161,800x gain. While replicating that exact trajectory may be ambitious, analysts believe Maxi Doge can deliver a modest 10-50x return for early adopters.MAXI has now raised over $4.2 million and is building a vibrant community where holders share trading setups, early opportunities, and alpha insights.Beyond the meme appeal, 25% of raised funds will be deployed into high-potential plays, with profits reinvested directly into marketing to fuel exponential growth and community rewards.To join the presale at the current $0.0002715 price, visit the official Maxi Doge website.Then connect an Ethereum-compatible wallet like Best Wallet, and pay with ETH, BNB, or USDT.You can swap existing crypto or use a bank card to invest in seconds.The post Bitcoin Price Prediction: Year-End $100K Target Alive – Here Are the Three Drivers That Matter appeared first on Cryptonews.

The total crypto market cap (TOTAL) and Bitcoin (BTC) are holding back from recovery as the broader market remains bearish. Zcash (ZEC) is following these cues, falling by over 16% from the intraday high in the last 24 hours. In the news today:- A Maryland man received a prison sentence for helping North Korean IT workers secretly obtain US tech jobs using falsified credentials. The case highlights North Korea’s growing 2025 strategy of exploiting insider access and expanding crypto-related cyber operations. Terra Luna Classic (LUNC) surged nearly 100% after a CoinDesk journalist was seen wearing a vintage Terra Luna shirt at Binance Blockchain Week Dubai. The viral moment sparked nostalgia-driven speculation across X and Telegram, fueling renewed interest in the once-collapsed altcoin. The Crypto Market Nears Support The total crypto market cap is down $84 billion today, now sitting at $3.01 trillion while holding above the $3.00 trillion support level. The pullback was due to the European Commission’s proposed transfer of crypto oversight from national regulators to ESMA, mirroring the SEC’s centralized model. If market conditions worsen, TOTAL could lose the $3.00 trillion and $2.93 trillion supports and fall toward $2.87 trillion. Rising skepticism may pressure traders to sell, increasing volatility and deepening the correction across major assets. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Total Crypto Market Cap Analysis. Source: TradingView If conditions improve, TOTAL could rebound and breach the $3.09 trillion resistance, opening the path toward the $3.16 trillion barrier. Renewed confidence and stronger inflows would help reinforce the broader recovery. Bitcoin Is Back Below $90,000 Bitcoin’s price has slipped back below the $90,000 mark, signaling uncertainty as traders watch broader market cues for direction. The crypto king’s next move depends heavily on macro conditions. If conditions worsen, Bitcoin could fall to the $86,822 support level and potentially break through it to test $85,204 or $82,503 as new support. Such a decline would threaten investor confidence and amplify short-term selling pressure, reinforcing the existing downtrend. Bitcoin Price Analysis. Source: TradingView If bullish momentum strengthens, Bitcoin’s price could reverse the downtrend and push past $91,521 toward $95,000. A breakout above these levels would invalidate the bearish thesis and reestablish upward structure. Zcash Fails Crossing $400 ZEC is down 16.6% in the past 24 hours, falling sharply from the intra-day high of $410 after briefly breaking above the $403 resistance. The correction erased most of yesterday’s gains, placing the altcoin back under heavy selling pressure amid volatile market conditions. ZEC is currently trading at $341 and is awaiting a potential rebound, although a recovery may not occur soon. Broader market weakness continues to weigh on sentiment, increasing the likelihood of a drop toward the $300 zone if demand fails to stabilize at current levels. ZEC Price Analysis. Source: TradingView If market conditions turn bullish, ZEC could bounce off the $344 support and attempt a move back toward $403. A successful breach of this barrier would open the path to $442, which is the level ZEC must reclaim to invalidate the bearish outlook. The post Why Is The Crypto Market Down Today? appeared first on BeInCrypto.

Coinbase expects the crypto market to enter a recovery phase in December as liquidity improves and selling pressure from long-time Bitcoin holders eases. On December 5, the US-based crypto trading platform said market conditions have shifted in recent weeks, pointing to fresh capital inflows, tighter spreads, and stronger macro support. Liquidity Conditions Improve as Fed Cut Odds Rise The exchange highlighted a jump in expectations for a Federal Reserve rate cut, with CME FedWatch showing odds near 90 percent for the December 10 meeting. It added that the recovery in liquidity marks a sharp turn from the persistent outflows that defined October and November. Indeed, broader money-supply data appear to support the thesis. Federal Reserve figures show M2 has climbed to a record $22.3 trillion, topping its early-2022 peak after a rare multiyear contraction. U.S. M2 Money Supply hits new all-time high of $22.3 Trillion 螺拾 pic.twitter.com/nYryFFj3Vk— Barchart (@Barchart) December 5, 2025 Analysts often track M2 to understand shifts in liquidity and inflation expectations. Moreover, increased liquidity has historically aligned with stronger Bitcoin performance, given the asset’s fixed supply of 21 million coins. At the same time, Coinbase said short-dollar positioning looks appealing at current levels, which could draw more risk-seeking investors back into crypto. Additionally, the firm also argued that the so-called AI trade still has momentum and continues to pull money toward digital-asset sectors tied to automation and computing demand. Long-Term Bitcoin Holders Pull Back From Selling Notably, on-chain indicators point in the same direction. Darkfost, an on-chain researcher at CryptoQuant, said spending from Bitcoin wallets older than five years has fallen sharply after months of elevated activity from this cohort. Bitcoin Long-Term Holders Selling. Source: CryptoQuant He noted that average daily sales from these long-term holders have dropped to about 1,000 BTC from roughly 2,350 BTC on a 90-day moving basis. That metric often signals pressure from investors who accumulated coins at lower historical price bands, including around $30,000. Darkfost added that declines in UTXO and spent-output activity point to easing strain as the market cycle advances. So, the reduced selling from “OG” holders gives Bitcoin more room to consolidate after a volatile autumn. “This data suggests that selling pressure from OGs is easing, which gives the market a bit more breathing room. It worth noting that their selling pressure appears to be decreasing as the cycle progresses, with the STXO peaks (90-dma) from these OGs becoming lower and lower,” the analyst explained. Taken together, improving liquidity, supportive macro indicators, and softening supply pressure set the stage for a stronger December. If momentum holds, Bitcoin could record its first positive December finish since 2023. The post Coinbase Makes Bold Bitcoin Prediction For December Despite Market Downturn appeared first on BeInCrypto.

Base launched a bridge to Solana on Dec. 4, and within hours, Solana’s most vocal builders accused Jesse Pollak of running a vampire attack disguised as interoperability. The bridge uses Chainlink CCIP and Coinbase infrastructure to let users move assets between Base and Solana, with early integrations in Zora, Aerodrome, Virtuals, Flaunch, and Relay. These are all applications built on Base. Pollak framed it as bidirectional pragmatism: Base apps want access to SOL and SPL tokens, Solana apps want access to Base liquidity, so Base spent nine months building the connective tissue. Vibhu Norby, founder of Solana creator platform DRiP, saw it differently. He posted a video of Aerodrome co-founder Alexander Cutler, who said at Basecamp in September that Base would “flip Solana” and become the largest chain in the world. Norby’s read: “These are not partners; if they had it their way Solana would not exist.” Pollak replied that Base just built a bridge to Solana because “Solana assets deserve to have access to the Base economy and Base assets should have access to Solana.” Norby fired back, alleging that Base didn’t set up Solana-based applications for launch, nor did they align with the Solana Foundation marketing or operations team. The thread escalated when Akshay BD, a top voice tied to Solana’s Superteam, told Pollak: “Calling it bidirectional doesn’t make it so. It’s a bridge between two economies that has net import/export result based on how you roll it out. I don’t mind that you’re competitive… I mind that you’re being dishonest.” Anatoly Yakovenko, Solana’s co-founder, joined to deliver the sharpest version of the critique: “Migrate Base apps to Solana so they execute on Solana and the transactions are linearized by Solana staked block producers. That would be good for Solana developers. Otherwise it’s alignment bullshit.” The debate highlights the incentive mismatch between what “interoperability” means to an Ethereum layer-2 and to an alternative layer-1 blockchain. Base sees the bridge as unlocking shared liquidity and cross-chain UX without relying on third-party infrastructure. Pollak said Base announced the bridge in September, began discussing it with Yakovenko and others in May, and has consistently said it’s bidirectional. He insists that Base and Solana developers benefit from access to both economies. On the contrary, Solana voices argue that the method Base used to launch the bridge, integrating only Base-aligned apps, coordinating no Solana-native partners, and skipping Solana Foundation outreach, reveals the real strategy: siphon Solana capital into Base’s ecosystem while marketing it as reciprocal infrastructure. The asymmetry According to Yakovenko, the bridge is bidirectional in code but not in economic gravity. If the bridge just lets Base apps import Solana assets while keeping all execution and fee revenue on Base, it extracts value from Solana without reciprocating. That’s the vampire attack thesis. Pollak’s counterargument is that interoperability is not zero-sum. He argues that Base and Solana can compete and collaborate simultaneously, and that developers on both sides want access to each other’s economies. He pointed out that Base tried to engage Solana ecosystem participants during the nine-month build process, but “folks weren’t really interested.” However, meme projects like Trencher and Chillhouse did collaborate. Norby and Akshay dispute that framing, arguing that dropping a repo without coordinating launch partners or working with the Solana Foundation is not genuine collaboration, it’s tactical extraction dressed up as open-source infrastructure. The friction is that Base and Solana occupy different positions in the liquidity hierarchy. Base is an Ethereum layer-2, which means it inherits Ethereum’s security, settlement, and credibility but competes with the mainnet for activity. Ethereum layer-2 blockchains need to justify their existence by offering better UX, lower fees, or differentiated ecosystems. Meanwhile, Solana is a standalone Layer 1 with its own validator set, token economics, and security model. When a bridge lets Solana assets flow into Base, Solana loses transaction fees, MEV, and staking demand unless those assets eventually return or generate reciprocal flows. Base captures the activity and the economic rent. Yakovenko’s point is that true bidirectionality would mean Base apps moving execution to Solana, not just importing Solana tokens into Base-based contracts. Who gains what Based on the debate, Solana’s top voices suggest that Base gains immediate access to Solana’s cultural and financial momentum. Solana has been the center of meme coin mania, NFT speculation, and retail onboarding for the past year. Integrating SOL and SPL tokens into Base apps like Aerodrome and Zora lets Base tap that energy without waiting for organic growth. Base also benefits from positioning itself as the “neutral” interoperability layer that connects all ecosystems, which strengthens its narrative as the default hub for cross-chain DeFi. Although Solana gains optionality, it does not receive guaranteed value capture. If the bridge drives Base developers to experiment with Solana execution or if Solana apps start using Base liquidity pools for bridged assets, the relationship becomes reciprocal. However, if the bridge primarily serves as a one-way funnel that pulls Solana assets into Base’s economy, Solana loses. The risk is that Solana becomes a feeder chain for Base DeFi rather than a destination. Norby’s accusation reflects that fear. If Base’s launch strategy was to integrate apps that extract value from Solana without reciprocating, the bridge is a competitive weapon, not a collaboration. Additionally, Yakovenko argues that Base can’t be honest about competing with Ethereum, so it frames itself as aligned with the broader ecosystem while actually siphoning activity. The same logic applies to Solana: Base can’t be honest about competing with Solana, so it frames the bridge as neutral infrastructure. What happens next The bridge is live, and the economic gravity will decide the outcome. If Base apps start routing execution to Solana or if Solana-native projects launch integrations that pull Base liquidity into Solana-based contracts, the bridge becomes genuinely bidirectional. If the flow stays one-way, with Solana assets into Base and revenue staying on the Ethereum layer-2, the vampire attack thesis holds. Pollak’s claim that Base and Solana “win together” depends on whether Base treats Solana as a peer or as a supplier of assets and liquidity. The difference is whether Base markets to its own developers to build on Solana, or markets to Solana users to bring their assets to Base. Yakovenko made the test explicit: compete honestly, and the bridge is good for the industry. Compete while pretending to collaborate, and it’s alignment theater. The next six months will show which narrative is real. The post Is Base’s Solana bridge a ‘vampire attack’ on SOL liquidity or multichain pragmatism? appeared first on CryptoSlate.

MetaMask, the most widely used Ethereum wallet, is moving directly into the prediction market arena through a new integration with Polymarket, giving users the ability to trade event outcomes from inside their wallets. Key Takeaways: MetaMask has integrated Polymarket, allowing users to trade real-world event outcomes. The integration adds one-tap funding from any EVM chain. Polymarket’s rapid growth continues amid a potential $15 billion valuation. “You can now trade on the future outcome of real world events inside your wallet,” Consensys’ Gabriela Helfet wrote, adding that users will also earn MetaMask Rewards points for every prediction placed.MetaMask Becomes New Gateway to Polymarket With One-Tap FundingThe integration creates a new on-ramp for Polymarket and introduces “one tap funding,” allowing users to deposit with any token from any EVM-compatible chain.The move further tightens the link between everyday crypto wallets and decentralized betting platforms, positioning MetaMask as a gateway not only to Web3 apps but also to real-world event speculation.Polymarket has surged in popularity over the past year, fueled in part by heightened attention during the 2024 US election cycle.Former President Donald Trump’s embrace of crypto and a more relaxed regulatory climate helped push the platform back into the US market.The company is now reportedly exploring a valuation of up to $15 billion, following a $2 billion strategic investment from Intercontinental Exchange, the parent of the NYSE. Predicting on MetaMask only takes a few seconds.We've enabled 1-click funding with any EVM token, or you can get started instantly if you have an existing @polymarket account! pic.twitter.com/zZtrQPDu3m— MetaMask.eth (@MetaMask) December 5, 2025 For MetaMask, the move comes as the wallet expands beyond its Ethereum-focused roots. In October, it launched multichain accounts that support both EVM and non-EVM networks, including Solana.The wallet is also preparing for the rollout of a native MASK token, as parent company Consensys gears up for a potential IPO.The move comes as Polymarket is recruiting staff for an internal market-making team that would trade against its own customers, mirroring a controversial feature already used by rival Kalshi that has drawn criticism and legal challenges.As reported, the New York-based prediction market startup has approached traders, including sports bettors, to join the new unit, people familiar with the matter said, requesting anonymity because the plans remain private.Prediction Markets Hit $13B in Record ActivityPrediction markets have crossed $13 billion in cumulative trading volume, marking a record high even as broader crypto markets cool.The surge has drawn in major players across tech and finance, including Fanatics, Coinbase, and MetaMask, all of which have recently launched or expanded event-trading platforms.Against this backdrop, YZi Labs, the venture firm founded by Binance co-founder Changpeng “CZ” Zhao, has been intensifying its involvement in the sector.YZi-backed Opinion has emerged as one of the most surprising breakout platforms. Launched on BNB Chain in October, it recorded nearly $1.5 billion in weekly trading volume within its first month, briefly overtaking established names such as Kalshi and Polymarket.Meanwhile, prediction markets platform Kalshi has secured a major media breakthrough after signing a partnership with CNN, making the company the network’s official prediction markets partner while closing a $1 billion funding round at an $11 billion valuation.The post MetaMask Enters Prediction Markets With Polymarket Integration appeared first on Cryptonews.

According to a press release from Consob on December 4, 2025, Italy’s securities regulator told crypto and virtual asset service providers (VASPs) that they must secure authorization under the EU’s Markets in Crypto-Assets regime (MiCA) by December 30, 2025, or stop serving Italian clients. The notice warns operators that those who do not file for a MiCA-compliant license must close out services and return customer funds by the year-end. Consob’s Deadline And What It Means For Firms Based on reports, companies that submit an authorization application by the cutoff may keep operating while the application is under review. But that temporary permission will not last beyond June 30, 2026, regulators say. That window gives providers some breathing room, but it also sets a hard date for final approvals. The regulator singled out platforms that until now have worked under Italy’s lighter national registry system (OAM). Those businesses now face a choice: apply to become fully authorized crypto-asset service providers (CASPs) under MiCA or plan an orderly exit. Operators who plan to leave must notify users clearly and return assets in a safe, verifiable way. Italy Opens A Broader Risk Review According to a Reuters report, Italy’s Economy Ministry has also ordered an in-depth review of crypto risks, bringing together the Bank of Italy, Consob and other agencies to check whether current protections are strong enough for investors and the wider financial system. The move came during a committee meeting that flagged rising exposure and the need to monitor spillovers into traditional finance. What Investors Should Watch For Next Customers in Italy should confirm whether their chosen platform has lodged a MiCA application or has made clear plans for compliance or exit. If an operator fails to apply by December 30, users could face service interruptions and will need to follow the provider’s instructions for fund returns. Regulators say transparency from firms will be key in the weeks ahead. Smaller local platforms may find the compliance burden steep. Some operators could seek licenses in other EU states and use passporting rules to serve Italian clients, while others may shut down or merge. The provisional operating window stretches into mid-2026, but the final shape of the market will depend on how quickly firms meet the tougher requirements and how long authorizations take to process. Consob’s notice is meant to cut through uncertainty and force a choice before year-end. The combination of a firm deadline, mandatory filings and a parallel review marks a stricter approach to crypto oversight in Italy. Featured image from Unsplash, chart from TradingView

Ramp Swaps (Ireland) Limited, operator of Ramp Network, has secured Markets in Crypto-Assets Regulation authorization from the Central Bank of Ireland. A Single License for 27 Countries Ramp Swaps (Ireland) Limited, the company behind the financial technology (fintech) platform...

Federal prosecutors are demanding a 12-year prison sentence for Terraform Labs co-founder Do Kwon for orchestrating the fraud that triggered TerraUSD’s catastrophic $40 billion collapse in 2022. According to Bloomberg, the government described Kwon’s crimes as “colossal in scope” in a Thursday filing before US District Judge Paul Engelmayer, pointing to cascading market failures that ultimately contributed to FTX’s downfall.Kwon will face sentencing on December 11, with his own legal team requesting just five years behind bars. The 34-year-old South Korean entrepreneur pleaded guilty in August to conspiracy and wire fraud charges under an agreement capping prosecutorial recommendations at 12 years. However, the statutory maximum reaches 25 years for his role in the algorithmic stablecoin fraud.Source: Financial TimesProsecutors Highlight Systemic Market DamageThe Justice Department’s sentencing memorandum emphasizes that Kwon’s fraudulent statements to customers triggered a chain reaction across cryptocurrency markets.Prosecutors specifically cited the collapse’s contribution to Sam Bankman-Fried’s FTX implosion as evidence of broader systemic damage beyond Terra’s immediate investor losses.Kwon admitted in court that between 2018 and 2022, he “knowingly agreed to participate in a scheme to defraud purchasers of cryptocurrencies” from Terraform Labs.He acknowledged making false statements about TerraUSD’s peg restoration mechanisms and concealing Jump Trading’s secret role in propping up the stablecoin during a May 2021 depeg event that foreshadowed the larger catastrophe.The timing carries added significance, as the Trump administration has largely eased the tough-on-crypto enforcement actions, as the Biden administration did before.Most recently, President Donald Trump pardoned Binance founder Changpeng Zhao on October 23 after his conviction for anti-money laundering program failures at the world’s largest crypto exchange. Although the administration defended the pardon, claiming it was reviewed “with the utmost seriousness.”Defense Cites Montenegro Detention and Dual ProsecutionKwon’s attorneys argue that nearly three years in what they describe as “brutal conditions in Montenegro” should factor heavily into sentencing calculations.His legal team emphasizes that more extended imprisonment proves “far greater than necessary” to achieve justice, particularly given the substantial punishment already endured during extended foreign detention.The defense filing highlights Kwon’s agreement to forfeit over $19 million and multiple properties under the plea deal reached with prosecutors in the Southern District of New York. His lawyers further note that Kwon still faces trial in South Korea for identical conduct, where prosecutors are seeking a 40-year prison term that creates additional consequences warranting consideration in the American sentence. Do Kwon seeks a five-year sentence for Terra's $40 billion collapse while facing a separate 40-year prosecution in South Korea.#DoKwon #FTXhttps://t.co/Ex54HALudb— Cryptonews.com (@cryptonews) November 27, 2025 Prosecutors notably aren’t pursuing restitution from the millions of investors who lost $40 billion, citing the excessive complexity of determining individual losses across global markets.US authorities have indicated they will support Kwon serving the second half of his sentence in South Korea if he complies with the plea terms and qualifies under international transfer programs.Sentencing Disparities Raise Deterrence QuestionsThe contrasting approaches to major crypto fraud cases have sparked debate over the consistency of punishment.Bankman-Fried received 25 years, plus an $11 billion restitution order, after a trial conviction on all counts, though recent reports indicate that four years were later reduced from that sentence.Kwon’s guilty plea significantly reduced his exposure despite Terra’s larger $40 billion loss compared to FTX’s $8 billion fraud.Legal experts note that federal sentencing guidelines for fraud at Terra’s magnitude would typically suggest advisory ranges approaching life imprisonment before statutory caps, making Kwon’s five-year request face steep odds. US agrees to recommend a 12-year prison sentence and a $19m fine for Do Kwon after he has pleaded guilty to wire fraud and conspiracy#DoKwon #TerraUSD https://t.co/ktCCrKzob4— Cryptonews.com (@cryptonews) August 12, 2025 The Judge handling his case, Engelmayer, is known for the strict handling of financial fraud cases, and most observers expect sentences of 15 to 20 years, given the massive victim impact.The December 11 hearing will determine whether cooperation through guilty pleas significantly reduces punishment compared to trial convictions, as in Bankman-Fried’s case.Kwon was arrested in Montenegro in March 2023 while traveling under a fake passport, triggering a lengthy extradition battle between US and South Korean authorities.He spent nearly two years detained in the Balkan nation before being sent to America in January, where his case became one of the most closely watched legal battles in cryptocurrency’s brief history.The post Do Kwon Sentencing: US Wants 12 Years for Terra’s $40 Billion Crash appeared first on Cryptonews.

Crypto is down again, and the drop is chewing our portfolios as we see the rise in crypto liquidations and debate on Michael Burry and his Bitcoin comments. With crypto down across major assets and liquidations climbing, we are questioning why Bitcoin is falling even while traditional markets are up. Market Cap 24h 7d 30d 1y All Time What deepens the discussion is how often Michael Burry skepticism on Bitcoin comes during these volatility spikes, especially when crypto is down without any direct negative catalyst. As the crypto market absorbs the latest wave of liquidations, the vibe has shifted from surprise to concern. Crypto Fear and Greed Chart All time 1y 1m 1w 24h DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025 Another Crypto Liquidations Despite Strong Markets The strangest part of today’s liquidations is the assets contradiction: Nasdaq is up, silver is pumping, and the S&P 500 is green, yet crypto is down. And Bitcoin is shedding 3% on the day. All those above intensified the rush of liquidations, creating a cascade that reminded many of earlier crypto shakeouts. Right now, Bitcoin briefly fell toward the $89,000 area, distancing itself from the October high and adding pressure just as we hoped for stabilization. Earlier in the day, bullish PCE data sparked a sharp jump in BTC and ETH, but the momentum evaporated fast. Within 30 minutes, nearly $100 million in long positions vanished in fresh crypto liquidations. The total has now climbed above $414 million for this session alone. (source – Liquidation Data, Coinglass) Looking back to the October 10 flash crash, the scale becomes clearer as that single day saw a staggering $19 billion liquidated as Bitcoin plunged from $126,000 to $110,000. Since the disastrous event, waves of follow-up selling have cleared out more than $637 million in additional positions. Crypto is down feels like an understatement. However, despite the turbulence, the total crypto market cap still hovers near $3.1 trillion, rebounding from a low critical level of $2.9 trillion. These levels often mark turning points, though crypto liquidations prolong volatility and weaken confidence. (source – Total Crypto Market Cap, TradingView) DISCOVER: 16+ New and Upcoming Binance Listings in 2025 Michael Burry Bitcoin Skepticism Comes as Crypto Is Down In his first interview in more than ten years, Michael Burry criticism is violent. Burry compared Bitcoin to a tulip bulb, claiming it’s worthless and vulnerable to crime. He drew the Bitcoin comparison from gold, which he has viewed as a stable store of value since 2005. His bearish stance is shifting the vibe at a moment when crypto is down, and sentiment already feels fragile. Michael Burry of The Big Short fame gives first interview in over 10 years and says, “Bitcoin is not worth anything. It’s the tulip bulb of our time.” pic.twitter.com/ge1zteSVqS — Documenting ₿itcoin (@DocumentingBTC) December 4, 2025 Not just Bitcoin, Michael Burry predicts a bigger crash, worse than the dot-com bust, citing overstretched valuations and mounting consumer debt. His short positions in Nvidia, Tesla, and Palantir, along with his fund deregistration, bring debate over if markets have grown too euphoric. But critics argue that these companies remain profitable. Countering the gloom is Samuel Benner’s 1875 cycle chart. It labeled 2023 as a hardship year and a strong time to accumulate risk assets, including crypto(if it was available during his time), with a projected market top in 2026. Even now, as crypto is down, the pattern shows opportunity, a year away from collapse, if it is to collapse. Benner 1875 cycle chart And so, as the market waits, crypto is down, and liquidations continue, but experienced cycle traders insist recovery often begins right where fear peaks, and where traders least expect it. This Saturday, enjoy the weekend, touch grass, and decorate the Christmas tree, cause Santa Claus is coming to town. DISCOVER: 10+ Next Crypto to 100X In 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates 10 hours ago XRP Price Prediction: Investor Fear Hits Highest Since October — What’s Going On? By Akiyama Felix Social sentiment toward XRP has dropped to its lowest point since October, pushing it back into what Santiment calls the “fear zone.” With the market wobbling, this shift has people questioning where XRP is really headed next. But Santiment also points out something important. Historically, when sentiment gets this low, XRP has often followed with a strong rally. So while uncertainty is high, this kind of fear has been the setup for major reversals in the past. (Source: Santiment) The last time we saw sentiment this bearish was on November 21, and XRP shot up 22 percent over the next three days. Then greed kicked in, and the rally stalled. Right now, things look very similar to how they did two weeks ago, and another opportunity may be forming. Read the full story here. 17 hours ago SUI Crypto ETF With 2x Leverage Green Lighted by SEC: Bitcoin Layer-2 Next? By Akiyama Felix The SEC’s approval of the new 2x leveraged SUI Crypto ETF landed with good timing. Right when the market seems to crave the next regulatory surprise. This green light gives SUI another push into the institutional spotlight, and the arrival of a leveraged crypto ETF on Nasdaq gives traditional investors a way to ride SUI’s daily moves without touching the token itself. The hammer also hits a sign that regulators are warming up to altcoin ETFs after months of approvals across the crypto market, and it adds fuel to the growing Sui’s efficient network. Market Cap 24h 7d 30d 1y All Time Read the full story here. 17 hours ago Hawk Tuah Girl Crypto Coin: The Aftermath By Akiyama Felix Is the Hawk Tuah girl Crypto coin making a comeback? Hailey Welch, the viral “Hawk Tuah” star whose 2024 catchphrase became internet currency, is now facing a very real legal one. In case you don’t remember: Welch ran a crypto rugpull scam After stealing millions from her followers, she took the road Actually, it wasn’t even millions. She maybe gotten a few hundred thousand, which ain’t bad, but it destroyed her “career” as a result. Meanwhile, there’s a new development with Welch being added to a federal class action lawsuit alleging she played a key promotional role in the failed HAWK token. Read the full story here. The post Crypto Market News Today, December 6: Crypto is Down, and Liquidations Are the Bitcoin Cycle’s Newest Trend as Michael Burry Piles Shorts appeared first on 99Bitcoins.

Is the Hawk Tuah girl Crypto coin making a comeback? Hailey Welch, the viral “Hawk Tuah” star whose 2024 catchphrase became internet currency, is now facing a very real legal one. In case you don’t remember: Welch ran a crypto rugpull scam After stealing millions from her followers, she took the road Actually, it wasn’t even millions. She maybe gotten a few hundred thousand, which ain’t bad, but it destroyed her “career” as a result. Meanwhile, there’s a new development with Welch being added to a federal class action lawsuit alleging she played a key promotional role in the failed HAWK token. DISCOVER: 20+ Next Crypto to Explode in 2025 Hawk Tuah Girl Crypto Coin Comeback? (A Meme Gone Wrong) (Source:CoinGecko) The new filing claims Welch was set to receive as much as $325,000 to market the HAWK token and amplify promises about features it could never technically deliver. According to the plaintiffs, the project was intentionally designed to crash minutes after launch so insiders could siphon profits during the frenzy. We’d LOL at the whole situation if people didn’t lose thousands in the scam. “Fully cooperating to uncover the truth.” – Welch (deleted X statement) (Source: Giphy) In late 2024, Welch attempted to distance herself from accusations of wrongdoing, saying regulatory complaints and SEC inquiries had been “cleared.” That did little to calm traders who watched $HAWK implode. The chaos has even spilled onto Polymarket. Traders speculated on whether Welch would apologize before a set deadline or face jail, effectively turning her scandal into a set of tradable micro-events. Moreover, a profile named @HaileyWelch, created in April 2025, has claimed nearly $977,000 in profit from NBA games and Bitcoin markets. There is no verification, leaving the account somewhere between an ironic reinvention and a well-timed impersonation. THE HAWK TUAH GIRL HAS A POLYMARKET ACCOUNT… …and it keeps me awake at night a bit of context: hailey welch went viral june 2024 for a tiktok catchphrase (hawk tuah) > flipped it into $65k merch sales> launched a podcast with mark cuban> previously called crypto "a… pic.twitter.com/sZ6dvaDPoO — Dipper (@dipper812) November 29, 2025 Data from CoinGecko shows memecoin capital flows across Solana spiked during the $HAWK window, then dropped sharply as liquidity dried up, consistent with patterns seen in previous insider-led pump cycles. Hawk Tuah Lawsuit Expands and Allegations Intensify Burwick Law originally left Welch out of the suit, arguing that excluding her would more effectively recover losses for investors. The new amendment seeks to add Welch, her manager Johnnie Forster, and 16 Minutes LLC as defendants, while expanding fraud claims. The case now enters a new phase, one that tests where influencer promotion ends and financial liability begins. But on to more important things: it’s insane how this was the only big meme of last year. Makes me feel nostalgic for the days of Nyan Cat EXPLORE: Elon Musk Crypto: What Crypto to Buy Now On The Dip? Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Is the Hawk Tuah girl Crypto coin making a comeback? Probably not LOL The new amendment seeks to add Welch, her manager, Johnnie Forster, and 16 Minutes LLC as defendants, while expanding fraud claims. The post Weekly Crypto Roundup: Hawk Tuah Girl Crypto Coin Comeback? appeared first on 99Bitcoins.

Strategy CEO Phong Le says the company’s newly built $1.44 billion cash reserve is designed to quiet investor anxiety over its ability to withstand a sharp downturn in Bitcoin. Key Takeaways: Strategy built a $1.44B cash reserve to ease investor fears about its ability to meet dividend and debt obligations. The firm raised the funds in just eight and a half days, aiming to show it can still attract capital without selling any Bitcoin. Strategy says it will only consider selling BTC if its stock falls below NAV. Speaking on CNBC’s Power Lunch, Le said the move followed weeks of speculation about whether the firm could continue meeting its dividend and debt commitments if market conditions worsened.“We’re very much a part of the crypto ecosystem and Bitcoin ecosystem,” Le said. “Which is why we decided a couple of weeks ago to start raising capital and putting US dollars on our balance sheet to get rid of this FUD.”Strategy Builds Cash Buffer to Avoid Selling Bitcoin in Market SlumpThe reserve, announced Monday and funded via a stock sale, is intended to secure at least 12 months of dividend payments, with plans to stretch that buffer to 24 months.The company emphasized that the stock-funded buildup gives Strategy breathing room without having to sell any Bitcoin during a turbulent period for the market.Concerns over Strategy’s dividend stability had grown louder in recent weeks as Bitcoin retreated from its highs.Le acknowledged the market chatter but dismissed it as exaggerated. “We weren’t going to have an issue paying dividends, and we weren’t likely going to have to tap into selling our Bitcoin,” he said.“But there was FUD that was put out there that we wouldn’t be able to meet our dividend obligations, which causes people to pile into a short Bitcoin bet.” This afternoon, Phong Le, CEO of @Strategy, joined @CNBC @PowerLunch to discuss how $MSTR moves with bitcoin, how our USD reserve addresses recent FUD, the shifting Overton Window, key volatility drivers, and why bitcoin’s long-term outlook remains strong. pic.twitter.com/1t5hsfov0m— Strategy (@Strategy) December 5, 2025 The CEO said raising $1.44 billion in just eight and a half days was intended as a direct response, showing the firm can still attract capital even in a downcycle.“We did it to address the FUD, and to show people we’re still able to raise money when Bitcoin is under pressure.”Last week, Le said Strategy would only consider selling Bitcoin if the stock dropped below net asset value and the company lost the ability to raise additional funds.Strategy has also introduced a new “BTC Credit” dashboard, which it says shows the company holds enough assets to service dividends for more than 70 years.Strategy Adopts Dual-Reserve Model as BTC Buying SlowsAs reported, Strategy has shifted from its long-standing “buy Bitcoin at all costs” approach to a dual-reserve treasury model that pairs long-term BTC holdings with a growing dollar buffer.The move follows a dramatic slowdown in the firm’s accumulation pace, from 134,000 BTC per month at its 2024 peak to just 9,100 BTC in November, signaling preparation for a potentially prolonged bear market.Despite the slowdown, the company remains one of the world’s largest Bitcoin holders, with roughly 650,000 BTC on its balance sheet.The post Strategy CEO Says $1.44B Cash Reserve Aims to Calm Bitcoin-Slump Fears appeared first on Cryptonews.

Strive, a Nasdaq-listed firm and the 14th-largest public holder of Bitcoin, is pushing back against MSCI’s plan to remove companies with significant digital-asset exposure from its global indexes. Key Takeaways: Strive says MSCI’s plan to exclude crypto-heavy firms would shut investors out of key growth sectors. JPMorgan warns Strategy could face up to $2.8B in losses under the proposal. Strive argues BTC-focused firms are vital to AI infrastructure and structured finance, making the cutoff unfair. In a letter addressed to MSCI chairman and CEO Henry Fernandez, the company warned that the proposal, which would exclude firms whose crypto holdings exceed 50% of total assets, risks shutting passive investors out of fast-growing corners of the market.JPMorgan Warns Strategy Could Lose $2.8B Under MSCI ProposalJPMorgan analysts recently cautioned that Strategy, a prominent Bitcoin treasury company included in the MSCI World Index, could face as much as $2.8 billion in losses if the exclusion moves forward.Strategy’s chair, Michael Saylor, has confirmed that discussions with MSCI are ongoing as the company attempts to head off the decision.Strive CEO Matt Cole argued that the proposal misunderstands the role large Bitcoin-focused firms play in emerging industries, particularly artificial intelligence.He noted that miners such as MARA Holdings, Riot Platforms, and Hut 8, all potential exclusion targets, are rapidly expanding into AI infrastructure by retooling data centers for high-intensity compute workloads.“Many analysts argue that the AI race is increasingly limited by access to power, not semiconductors,” Cole wrote, adding that miners are uniquely positioned to meet those needs. https://t.co/5gdKWpFATh— Matt Cole (@ColeMacro) December 5, 2025 Even as AI revenue increases, he said, companies will continue holding sizable Bitcoin reserves, meaning MSCI’s exclusion would permanently wall off a sector positioned at the intersection of digital assets and next-generation computing.Cole also pointed to the rising demand for Bitcoin-linked financial products. Firms such as Strategy and Metaplanet function similarly to banks offering structured BTC notes, providing equity-based access to Bitcoin performance without requiring investors to hold the asset directly.Excluding these treasury companies, he argued, would give traditional financial institutions, including JPMorgan, Morgan Stanley, and Goldman Sachs, an uneven playing field, as index-linked capital would become biased against firms whose business models center on Bitcoin exposure.Strive Says MSCI’s 50% Rule Would Cause Index “Whiplash”Strive further challenged the practicality of MSCI’s 50% threshold, noting that tying index eligibility to a volatile asset would cause companies to drift in and out of benchmarks, increasing tracking errors for funds that follow them.Cole highlighted Trump Media & Technology Group as an example. Despite holding one of the largest public Bitcoin treasuries, it narrowly avoided MSCI’s preliminary exclusion list because its BTC exposure currently sits just under the cutoff.Instead of a blanket rule, Strive proposed a parallel “ex-digital asset treasury” version of MSCI’s indexes.This would allow asset managers who wish to avoid crypto-heavy companies to do so, while others could maintain exposure to the full investable universe.MSCI has not yet indicated whether it will revise its proposal, but industry pressure is mounting as treasury-heavy firms await a final decision.The post Strive Urges MSCI to Scrap Proposal Excluding Major BTC Holders appeared first on Cryptonews.

A considerable number of Pi Network’s users (referred to as Pioneers) have complained over the years, even before the product’s launch earlier in 2025, about the Know-Your-Customer (KYC) procedures, which sometimes took weeks and months. The Core Team has made several improvements in the past several months, and the latest was announced on Friday. AI Integration Pi Network’s team has long dabbled with AI integrations, including in the Pi App Studio. Now, they have opted for the new tech revolution in the Standard KYC system by incorporating the same technology infrastructure that powers the Pi Fast Track KYC. The idea is to dramatically speed up identity verification, reduce bottlenecks, and support the next major wave of Mainnet migration. The statement reads that this enhanced AI system has already cut the pending human-review queue by around 50%, making KYC faster, more scalable, and more accessible to the millions of claimed Pioneers worldwide. The expanded AI validation layer improves the system in the following manner, said the team: Reduces validator shortages in regions with limited human reviewers Speeds up Mainnet-unlocking KYC for more Pioneers Decreases the number of applications needing manual review Further enhances privacy by reducing what human validators can see (sensitive data is already redacted) The Core Team added that human validators will still be present despite the introduction of AI services. The system intentionally uses ‘very conservative AI checks’ to prevent false approvals, so any shady cases are routed to human reviewers for final analysis. The statement noted that this process should maintain accuracy while reducing the total labor required. This saved human labor from KYC will be reallocated toward other areas in Pi’s ecosystem, such as human-feedback processes for AI training, app utilities, and emerging platform-level opportunities. KYC Statistics The team said that more than 17.5 million users have fully passed KYC, while 15.7 million have already migrated to the mainnet. Around three million Tentatively KYC’d Pioneers can now self-unblock by completing additional liveness checks. They also advised all fully KYC’d users to finish the mainnet checklist, including wallet confirmation, 2FA setup, and signing the token-receipt terms. “These millions of KYC’d Pioneers on the Pi Mainnet, with many more to join, are an important achievement of the collective efforts of the Pi community and a great resource of the network that not only help maintain the security and integrity of our network but serve as the foundation to nurture more real utilities in Web3 and AI industries that will shape our future,” finished the statement. The post Major Pi Network (PI) Upgrade for 50% Faster Experience for Pioneers: Details appeared first on CryptoPotato.

The post SEC to Hold Crypto Privacy Roundtable on December 15th appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission has set a new date for its long-anticipated crypto privacy and surveillance roundtable. After postponing the...

The SEC is reviewing Ondo Finance's recommendations, signaling a critical juncture for real-world asset (RWA) tokenization and digital securities in the US. Will regulatory clarity emerge? The post SEC Scrutiny: Ondo Finance Recommendations Signal Pivotal Moment for US Tokenization...

Kraken is now allowing Colombians to fund their accounts with Colombian pesos, expanding the reach and functionality of its services in the country. Mark Greenberg, Kraken’s Global Head of Consumer, stated that this upgrade offers Colombians secure entry points...

What's in store for PI in the second week of December?

ChainCatcher 消息，美国证券交易委员会 (SEC) 将于 12 月 15 日举办关于加密货币、金融监控和隐私的圆桌会议。会议将由 SEC 高层包括 Crypto Task Force 主管 Richard B. Gabbert、主席 Paul S. Atkins 及多位委员主持开场。会议亮点包括：Zcash 创始人 Zooko Wilcox 将作专题演讲，Aleo Network Foundation 的 CEO Koh 也将发表演讲，小组讨论由 Aleo Network Foundation 全球政策主管 Yaya J. Fanusie 主持，参与嘉宾包括来自...

The SEC's Crypto Task Force released its surveillance roundtable agenda, signaling intensified scrutiny on digital asset markets. Understand the implications for investors, exchanges, and DeFi. The post SEC Crypto Task Force Unveils Surveillance Roundtable Agenda: A Deep Dive into...

The SEC’s upcoming financial surveillance roundtable spotlights how rapidly evolving crypto privacy tools could reshape oversight while raising new questions about consumer protection and regulatory transparency. SEC Outlines Speakers and Timing for Financial Surveillance Roundtable The U.S. Securities and...

ChainCatcher 消息，据官方文件，灰度投资 (Grayscale) 于 2025 年 12 月 5 日向美国证券交易委员会 (SEC) 提交了 S-1 注册声明，申请推出 Grayscale Sui Trust (SUI) ETF 产品。

A prominent Cardano supporter just warned the community that the layer-2 scaling solution Hydra may not be as safe as they think. Are investors’ funds at risk, and does this justify a bearish Cardano price prediction? If you want to use Hydra, you trust the operators of Hydra Head. You are only in control of your funds if you are one of the Hydra Head operators.When you lock ADA into a Hydra Head, you sign a transaction with your private key. The transaction sends ADA into an on-chain… pic.twitter.com/hbh78guPLY— Cardano YOD₳ (@JaromirTesar) December 4, 2025 In a lengthy X post, a pseudonymous user named YODA, known for his support of the Cardano network for years, highlighted a potential flaw in the design of Hydra. This technical weakness would supposedly allow node operators to have a say on what happens with users’ tokens.He clarified that the funds locked up in the L2 and delegated to third-party Hydra Heads (validators) are fully in control of the latter, not the owner.In theory, if Hydra Heads collude and introduce false transactions, they would be able to sign them without necessarily having access to the private keys of the original owner of the ADA tokens.“Every update requires signatures from all Hydra Head operators. Those signatures are made using the private keys of the operators, not the users,” YODA emphasized.He added: “If they collude, they can ALL sign a malicious snapshot that splits all the funds between them.”Cardano Price Prediction: ADA Finds Support at $0.40 But Bearish Trend PersistsAside from Dogecoin (DOGE), Cardano (ADA) has been one of the worst-performing top 10 tokens this year, with total losses now reaching 49%.Source: TradingViewThe daily chart shows that the token has found support temporarily at $0.40.However, ADA has been on a strong downtrend and is not yet showing signs of a trend reversal. The price needs to climb above $0.52 to reverse this downtrend. Otherwise, ADA may face a much more dramatic correction to $0.32, meaning a total downside risk of 25%.Well-established tokens like ADA have struggled to reach higher highs during this cycle. However, a new crypto presale called Maxi Doge ($MAXI) has managed to raise over $4 million in just a few weeks to launch its community-centered meme coin.Maxi Doge ($MAXI) is The New Dogecoin-Themed Meme CoinMaxi Doge ($MAXI) is an Ethereum meme coin that aims to bring together an army of like-minded ‘degens’ who are not afraid to make YOLO trades to get out of mom’s basement.Through fun competitions like Maxi Gains and Maxi Ripped, token holders will compete by showcasing their highest-yielding traders to earn rewards and bragging rights.They also get exclusive access to a hub through which they can share ideas, insights, setups, and more. This is a vibrant community that fully embraces the energy that comes with bull markets.Finally, up to 25% of the presale’s proceeds will be used to invest in high-potential projects. The gains will be used to fund the project’s marketing efforts to make $MAXI known.To buy $MAXI before the presale ends, simply head to the official Maxi Doge website and link up a compatible wallet like Best Wallet.Either swap USDT or ETH to get this token or use a bank card instead.Visit the Official Maxi Doge Website HereThe post Cardano Price Prediction: Crypto Researcher Says New Hydra Upgrade Not 100% Secure – Could All Wallets Get Drained? appeared first on Cryptonews.

A cybersecurity firm just identified malicious code on the official Pepe website that could drain visitors’ wallets.This development threatens to undermine investor trust and favors a bearish Pepe price prediction. But could it really go to zero?According to Blockaid, a firm dedicated to detecting fraud in the crypto space, the site contains code known as “Inferno Drainer,” designed to immediately siphon funds from any connected wallet. Blockaid's system has identified a front-end attack on @pepecoineth. The sites contain a code of inferno drainer. pic.twitter.com/ugor0Um1jU— Blockaid (@blockaid_) December 4, 2025 The firm told Cointelegraph: “Blockaid detected Inferno drainer code on the Pepe front end, matching a known drainer family we regularly identify. This is a front-end compromise, where users are redirected to a fake site that injects malicious code to drain wallets.”The site reportedly auto-downloads malicious code onto users’ computers or mobile phones, which will execute automatically.Pepe Price Prediction: Lead Team Fails to Address the Threat – How Low Can PEPE Go?Meme coins have experienced big losses in 2025 as the market has shunned this entire category despite the May-October altseason.Source: TradingViewThe token has lost more than three-quarters of its value since the start of the year. This reflects the market’s lack of appetite for PEPE.The meme coin has temporarily found support at $0.0000040 following a robust jobs report in the United States. Although the Relative Strength Index (RSI) shows a mild bullish divergence, the price still needs to climb above $0.0000055 to reverse its latest downtrend.PEPE may not hit zero after the news, as the website does not compromise the token’s smart contract. However, the lack of coordination from the lead team does favor a bearish outlook as Pepe’s community engagement seems weak.In contrast, a new crypto presale inspired by the Pepe viral meme called Pepenode ($PEPENODE) has managed to raise nearly $2.3 million to launch its fun mine-to-earn (M2E) game.Pepenode ($PEPENODE) Makes Meme Coin Mining Fun and Hardware-FreeCrypto mining has commonly been associated with expensive hardware, complex algorithms, and so on. Pepenode ($PEPENODE) is here to change that by introducing an M2E model that allows users to easily launch virtual mining servers.By buying $PEPENODE, players can launch as many mining rigs as they want to earn points and compete to make it to the leaderboard. Top miners receive airdrops of popular meme coins like Bonk ($BONK) and Fartcoin ($FARTCOIN) from the project’s rewards pool.In addition, they can upgrade their setup to increase their output by investing additional $PEPENODE tokens. Up to 70% of the tokens used will be burned forever to reduce the circulating supply.Mining has never been this easy, and the crypto community will soon start to notice. As such, the demand for $PEPENODE should skyrocket as more users join the platform.To buy $PEPENODE at its presale price, simply head to the official Pepenode website and link up a compatible wallet (e.g. Best Wallet).You can either swap USDT or ETH for this token or use a bank card to invest in seconds.Visit the Official Pepenode Website HereThe post Pepe Price Prediction: Official PEPE Website Hacked and Infects Visitors With Malware – Is PEPE About to Go to Zero? appeared first on Cryptonews.

According to the latest figures, President Donald Trump has logged 320 days of his second term, and his approval rating has slipped from the brief highs that followed his Jan. 20 inauguration. Meanwhile, prediction markets indicate Democrats are currently...

Brad Garlinghouse argues that Bitcoin has yet to realise its full bullishness this cycle, and with it, bullish XRP price predictions may still be on track. Speaking at Binance Blockchain Week 2025, he dismissed the current bearish mood around crypto as temporary and completely out of sync with the fundamentals supporting the market.2026 has the potential to be “the most bullish year in crypto yet,” with institutions paving the way for a $180,000 Bitcoin. BREAKING:RIPPLE $XRP CEO BRAD GARLINGHOUSE PREDICTS BITCOIN WILL HIT $180,000 BY THE END OF 2026. pic.twitter.com/uIRgKm7zIr— Crypto Rover (@cryptorover) December 3, 2025 The pro-crypto regulatory shift in the U.S. has unlocked one-fifth of global GDP, with institutional-level demand only just being tapped into with the introduction of ETFs. And they have only just permeated the mainstream with traditional asset manager giants outside of digital-native firms playing “catch-up,” introducing their vast clientele. Garlinghouse rejects the idea that ETF demand has peaked, noting the few crypto offerings represent just 1–2% of all ETF assets, a tiny fraction that leaves enormous upside.XRP is a standout beneficiary with steps towards regulation, like the GENIUS stablecoin Act, paving the way for its infrastructure, like stablecoins, to become mainstream. Ripple’s stablecoin approvals in Abu Dhabi and Dubai reinforce that point; stablecoins are no longer experimental, they’re becoming embedded in real financial systems.XRP Price Prediction: How High Can XRP go in 2026?December is shaping a strong launchpad into 2026 with a strong confluence of support laying the groundwork for a 4-month descending channel breakout. The lower boundary of this consolidation is about to be retested, aligning with the level that has provided a firm bottom market throughout the bullish phase of the market cycle at $1.90.A strong technical setup for a launchpad, and momentum indicators could support it. XRP USD 1-day chart, descending channel. Source: TradingView.While its most recent attempt has ended in rejection, the RSI is now testing the 50 neutral line after weeks in deep oversold territory. Strength is building towards a bullish shift. While the MACD verges on a death cross below the signal line, it may prove short-lived as XRP nears the confluence zone.The key breakout threshold lies at $2.70, a former strong support level that recently flipped to resistance. Reclaiming this zone could confirm a breakout targeting an 80% upside move to $3.70.And with further U.S. interest rate easing expected into and growing institutional involvement, the setup could extend much higher, eyeing $5 in the approach of past all-time highs for a 150% run.SUBBD: Strong Fundamentals at Their EarliestWith market conditions shaping up for a 2026 bull run, capital is rotating into the next high-upside contender, and increasingly, SUBBD ($SUBBD).Positioned as an AI-powered content platform, SUBBD is redefining the $85 billion subscriber economy by giving creators true ownership and fans genuine access. Never miss a sale again.As a top creator, your audience is global. It's just not possible to cater to everyone – you can't be online 24/7 That's where your personal AI Assistant comes in, to handle requests and secure payments. Sleep peacefully knowing you're making money… pic.twitter.com/ju9VjLBmea— SUBBD (@SUBBDofficial) March 26, 2025 By cutting out the middlemen, $SUBDD puts control back in the hands of those who create real value. Creators can monetize directly, while fans gain access to exclusive content, early releases, and meaningful interactions through token-gated perks. The concept is already gaining traction. $SUBBD nears $1.4 million in presale, as investors back the shift toward a decentralized creator economy.With SUBBD, both sides of the community win — creators earn more, and fans get closer while embracing the decentralization use cases crypto was built for.Visit the Official SUBBD Website HereThe post XRP Price Prediction: Ripple CEO Says Bitcoin Will Double by 2026 – How High Can XRP Go? appeared first on Cryptonews.

CryptoAppsy provides real-time updates every 5 seconds for thousands of cryptocurrencies. The app offers tailored news, smart alerts, and comprehensive portfolio management. Continue Reading:CryptoAppsy Delivers Real-Time Data as Your Crypto Guardian The post CryptoAppsy Delivers Real-Time Data as Your...

Bitcoin is currently holding the fort above $91k after a prolonged downturn sent the world’s favourite crypto down to a seven-month low of $82,000 by November 21, not long after Bitcoin notched a new all-time high (ATH) of $126,080 on October 6.The wider crypto market jumped 6% yesterday, lifting total capitalization to about $3.24 trillion. Today, momentum has cooled with a near 2% drop to $3.18 trillion. Bulls remain optimistic that this pause is consolidation, not capitulation.Additionally, with crypto entering maturity, Bitcoin dominance is generally falling, indicating that the next substantial bull market may well be powered by altcoins. With that in mind, here’s why XRP, Solana, and Pepe are the best crypto to buy right now.XRP ($XRP): Transforming Global Cross-Border PaymentsRipple’s XRP ($XRP) continues to dominate the international value-transfer niche thanks to its fast settlement speeds and minimal fees. The XRP Ledger (XRPL) serves as Ripple’s answer to slow, expensive legacy systems like SWIFT.Major institutions, including the UN Capital Development Fund and U.S. government agencies, have highlighted the XRPL’s utility, while Ripple’s expanding network of fintech partners has helped XRP secure its position as the third-largest non-stablecoin, now capitalizing over $124 billion.Ripple’s rollout of RLUSD, a dollar-backed stablecoin, marks a strategic move to capture the next generation of global payments infrastructure. Every RLUSD transaction burns a small amount of XRP, gradually reducing supply and reinforcing XRP’s long-term value proposition.Following the resolution of its five-year legal battle with the SEC, XRP rallied to a July high of $3.65. Its current price near $2.09 represents a 43% retracement, but indicators suggest resilience. Furthermore, the relative strength index (RSI) sits at 36, indicating the token is likely to conclude today’s -2.8% selloff over the weekend and swing back into green. The recent introduction of nine U.S.-based XRP ETFs is expected to accelerate institutional inflows throughout the holiday season. Additional ETF approvals may follow, and if Congress successfully passes comprehensive crypto legislation before year-end, XRP could target $15 or more by 2026.Solana (SOL): The Speed Leader Closing In on a Potential $1,200 TargetSolana ($SOL) has cemented itself as a top-tier smart-contract network, prized for its lightning-fast transactions and low fees. With a market cap surpassing $76 billion and almost $9 billion in total value locked across its DeFi protocols, Solana remains Ethereum’s most formidable competitor.New Solana spot ETFs from Grayscale and Bitwise, launched late last month, could open the door to significant capital inflows, echoing earlier institutional waves that propelled Bitcoin and Ethereum to new heights.After dipping near $100 earlier this year, SOL now trades around $136, holding firm at a critical support zone. A bullish flag pattern has taken shape since mid-September, signaling a potential breakout. The next major resistance sits near $250; a decisive move above that level could propel SOL beyond its prior ATH of $293.31, with a 4x up to $1,200 emerging as an ambitious yet attainable stretch target if the festive season turns into a bull market.At the same time, Solana has become a leading hub for Real World Asset (RWA) tokenization, with giants like BlackRock and Franklin Templeton choosing the network to deploy tokenized financial products.Pepe (PEPE): The Internet’s Favorite Frog Prepares for a Potential UpswingLaunched in April 2023, Pepe ($PEPE) quickly rose through the meme-token ranks, capitalizing on the global popularity of Matt Furie’s iconic character. Now boasting a market cap above $1.9 billion, PEPE enjoys an unmatched cultural presence, amplified when Elon Musk briefly switched his X profile picture to a Pepe meme, fueling speculation about his meme coin interests. Musk is publicly known to hold Bitcoin and Dogecoin.Currently priced near $0.000004554, PEPE sits roughly 84% below its late-2024 high of $0.00002803 after a quiet summer and subdued fourth quarter.Its RSI is now around 45, which indicates the token is neither overbought nor oversold and has plenty of headroom for further gains over the weekend.With the token hovering near its lowest valuation in nearly two years, PEPE offers traders a high-upside entry point ahead of the next major market run. Clearer U.S. regulatory guidance could revive risk appetite and fuel a meme coin gold rush, potentially giving PEPE the momentum to retest its all-time high before year-end.Bitcoin Hyper (HYPER): A Meme-Powered Bitcoin Layer-2 Built for 2026 and BeyondOne emerging project generating buzz ahead of 2026 is Bitcoin Hyper ($HYPER), a Bitcoin layer-2 solution wrapped in meme-culture branding. Despite its playful façade, HYPER targets real technical improvements with high-speed throughput, ultra-low fees, and smart-contract functionality.Developed using the Solana Virtual Machine (SVM), HYPER features decentralized governance and a Canonical Bridge designed for seamless Bitcoin movement across multiple chains.The presale has already raised around $29 million, and prominent analyst Borch Crypto forecasts the token could surge up to 100× upon exchange listing. A recent Coinsult audit revealed zero contract vulnerabilities, boosting investor confidence. HYPER tokens power transaction fees, governance, and staking, with presale users able to earn up to 40% APY.With the project’s full platform release planned for 2026, both seasoned Bitcoin users and newcomers have the chance to position themselves early in what may evolve into a major enhancement of Bitcoin’s utility landscape.Visit the official presale website or follow Bitcoin Hyper on X and Telegram for more information.Visit the Official Website HereThe post Best Crypto to Buy Today 5 December – XRP, Solana, PEPE appeared first on Cryptonews.

The newest iteration of Alibaba’s so-called “ChatGPT rival,” Qwen3-MAX, has rolled out fresh AI-driven price forecasts for XRP, Cardano, and Dogecoin as the month draws to a close. The model warns that all three cryptocurrencies could experience heightened turbulence over the coming weeks, with major moves possible in either direction.Below are Qwen3-MAX’s two-track predictions showing both the potential upside and the risks each asset may face throughout December.XRP (XRP): Alibaba AI Sees Either a Drop to $0.15 or a Run Toward $10 by Year-EndIn its pessimistic projection, Alibaba’s model suggests Ripple’s XRP ($XRP) could retreat from its current $2.06 level to around $0.15, a drop of roughly 93%, should bearish sentiment continue dominating the market.Source: Alibaba Such a correction would contrast sharply with XRP’s powerful performance earlier this year, when the token soared to a new seven-year high of $3.65 in July following Ripple’s pivotal legal win over the U.S. Securities and Exchange Commission.Throughout most of 2025, XRP has hovered between $2 and $3. Its relative strength index (RSI) now sits at a neutral 37 and is downtrending as traders cash in on profits today from a brief price bounce yesterday.However, Alibaba’s bullish outlook paints a very different picture, one in which XRP surges 385% to touch $10 before New Year’s Eve, almost tripling its all-time high.The recent debut of nine U.S. spot XRP ETFs could fuel a wave of institutional interest this holiday season, echoing the early inflows seen when Bitcoin and Ethereum ETFs first launched.More ETF approvals are anticipated in the coming months, increasing the probability that 2026 becomes a transformative year for XRP. Investors who accumulate now may find themselves well-positioned ahead of that shift.Cardano (ADA): Alibaba Predicts a Potential 2,274% Explosion in DecemberCardano ($ADA) remains one of the most academically rigorous and research-driven blockchain ecosystems. Launched by Ethereum co-founder Charles Hoskinson, the network prioritizes peer-reviewed development, security, scalability, and long-term sustainability.With a market cap exceeding $15.6 billion and more than $189 million in TVL, Cardano continues to stand out among layer-1 networks thanks to its active development community and expanding suite of decentralized applications.According to Alibaba AI, ADA could surge to approximately $10 by early 2026, an extraordinary 2,274% climb from its current price at $0.4212 and more than triple its 2021 peak of $3.09.Analysts note that Cardano’s carefully paced upgrades and robust fundamentals could position it as a major winner in the next DeFi-centric bull cycle.Still, Alibaba’s bearish prediction warns that ADA could slip toward $0.10 if macro weakness worsens, representing a downside of just over 76% from today’s price.Dogecoin (DOGE): Alibaba AI Targets $2.50 in Moonshot Scenario and $0.02 in Potential CollapseDogecoin ($DOGE), initially created in 2013 as a parody of the crypto boom, now accounts for roughly $21.7 billion in market value, representing nearly half of the $45.8 billion meme-coin sector.The token formed several bullish chart setups in late summer and early autumn, but momentum has since cooled. In Alibaba’s more negative scenario, DOGE could sink to $0.02, a drop of about 86% from its current price of $0.1387.Dogecoin’s all-time high of $0.7316 came during the retail-driven mania of 2021, and its long-discussed $1 milestone remains elusive. Yet Alibaba’s bullish case suggests DOGE could actually rally 1,700% to $2.50, or 18x its current price.Meanwhile, real-world adoption continues to grow: Tesla accepts DOGE for merchandise, and payment platforms including PayPal and Revolut support DOGE transactions.Maxi Doge (MAXI): A Rapidly Emerging Meme Coin Overlooked by Alibaba’s ForecastsWhile Alibaba AI highlights the upside potential for major blue-chip cryptocurrencies, early-stage presale tokens potentially deliver far larger percentage gains. One fast-growing contender is Maxi Doge ($MAXI), which has already brought in nearly $4.3 million as it positions itself as the next breakout Doge-themed meme coin.MAXI’s narrative follows Maxi Doge, a canine crypto bro and degen distant relative to the original Dogecoin. Maxi is obsessed with lifting weights, trading meme coins with 1,000x leverage, and cultivating a degen community across social media to help him usurp Dogecoin’s throne.As an ERC-20 token, MAXI benefits from Ethereum’s energy-efficient proof-of-stake network and its massive developer ecosystem, advantages that Dogecoin’s older Bitcoin-style proof-of-work consensus mechanism does not offer. The ongoing presale includes staking rewards of up to 72% APY, although yields decrease as more participants join in.MAXI is currently priced at $0.0002715 in its active presale phase, with automated price increases scheduled in upcoming rounds. Buyers can participate using MetaMask or Best Wallet.Dogecoin stands no chance!Stay updated through Maxi Doge’s official X and Telegram pages.Visit the Official Website HereThe post China’s Alibaba AI Predicts the Price of XRP, Cardano, Dogecoin by the End of 2025 appeared first on Cryptonews.

Poland’s efforts to align its crypto market with the European Union’s Markets in Crypto-Assets framework have hit a major political roadblock after lawmakers failed to override a presidential veto on a sweeping digital-asset bill. This leaves the country as the last EU member without a national MiCA-style regime.According to a Bloomberg report, the vote was held in the lower house of parliament on Friday, falling short of the three-fifths majority required to overturn President Karol Nawrocki’s decision to reject the legislation. The outcome halts Prime Minister Donald Tusk’s push to place Poland’s crypto sector under tight regulatory control and forces the government to restart the legislative process from scratch.Tusk Flags Crypto as National Security Threat Amid Russia Sabotage ClaimsTusk had framed the bill as a national security measure in the days leading up to the vote. Addressing parliament, he said the unregulated crypto market had become a conduit for money laundering and foreign interference, including activity linked to Russia and Belarus. He told lawmakers that Polish authorities had identified “several hundred” foreign entities operating in the domestic crypto market and warned that Russian intelligence and organized crime groups were exploiting digital assets for covert financing.Government officials have tied those concerns to recent security incidents. Last month, Warsaw blamed Russia for a blast on a key railway route used for supply traffic to Ukraine, an allegation Moscow dismissed. Polish security services have also cited cases of underground groups allegedly paid in cryptocurrencies to carry out sabotage activities inside the country. Russia is using cryptocurrencies to pay saboteurs carrying out hybrid attacks across the European Union, according to a Polish security official. #Russia #Cryptohttps://t.co/MsOjIZjSfu— Cryptonews.com (@cryptonews) October 14, 2025 The veto has deepened an already sharp political confrontation between Nawrocki, a nationalist conservative, and Tusk’s pro-European coalition. The president rejected the bill earlier this month, arguing that it went far beyond EU requirements and threatened civil liberties, property rights, and the stability of the state. Polish President Karol Nawrocki vetoed a sweeping crypto law, saying it threatens property rights and personal freedoms.#Crypto #Regulationhttps://t.co/BXYSh74MPF— Cryptonews.com (@cryptonews) December 2, 2025 The blocked law would have implemented MiCA-style rules in Poland, introducing licensing for crypto-asset service providers, investor protection standards, stablecoin reserve requirements, market abuse bans, and strict anti-money laundering controls. It also proposed granting authorities the power to block crypto-related websites through administrative orders, a provision the president described as opaque and vulnerable to abuse.Political Tensions Rise After Poland Blocks Sweeping Crypto Oversight BillNawrocki also criticized the scale of the bill, which exceeded 100 pages, contrasting it with far shorter implementing laws in neighboring Czechia and Slovakia. He warned that heavy supervisory fees and added domestic restrictions would drive Polish crypto firms to register in other EU countries, costing Poland tax revenue and talent. His chief of staff, Zbigniew Bogucki, said on Friday that the president is open to regulation as long as future proposals are not excessively restrictive.The failure to override the veto leaves crypto companies operating in Poland without a clear national legal framework ahead of the EU’s July 1, 2026, MiCA compliance deadline. The political dispute has increasingly drawn in industry players. Nawrocki has portrayed himself as a defender of the crypto sector and was endorsed before his election by Kristi Noem, a senior U.S. official, at a conference in southeast Poland sponsored by trading platform Zondacrypto. Poland has elected Karol Nawrocki, a conservative who says crypto should be “born in freedom, not buried in red tape.”#poland #cryptohttps://t.co/BVJXhQBnrK— Cryptonews.com (@cryptonews) June 2, 2025 The exchange later stated that it accepts no Russian clients and fully complies with anti-money laundering rules.Foreign Minister Radosław Sikorski added another dimension to the dispute on Friday, saying on radio RMF FM that the crypto industry sponsors figures across the right wing of Polish politics, explaining the sharp resistance to tighter oversight.The veto follows months of turbulence around crypto regulation in Poland. In September, lawmakers had initially passed the bill, triggering strong backlash from industry leaders who warned that Poland’s version of MiCA amounted to overregulation.Zondacrypto’s chief executive at the time described it as a “step backwards” that risked criminalizing core blockchain development activity.The post Poland Stalls MiCA-Style Crypto Rules as Lawmakers Fail to Override Presidential Veto appeared first on Cryptonews.

Poland failed to override a presidential veto on new crypto rules, halting plans for stricter oversight despite national-security concerns.

The “infinite money glitch” of the corporate Bitcoin treasury has stalled. For much of this market cycle, the trade was simple: stock in companies holding Bitcoin traded at a massive premium to the underlying Net Asset Value (NAV). This allowed firms to issue expensive equity to buy cheaper coins, thereby accretively increasing Bitcoin per share. It was a flywheel of financial engineering that relied on one crucial input: a persistent equity premium. Why Bitcoin treasury company premiums evaporated However, that input is gone amid Bitcoin’s recent price struggles. Data from Glassnode shows that BTC’s price has slipped below the 0.75 quantile since mid-November, leaving more than a quarter of its circulating supply sitting at an unrealized loss. Bitcoin Price Risk Indicator (Source: Glassnode) Considering this, companies in the Bitcoin Digital Asset Treasury (DAT) basket, a sector with a roughly $68.3 billion market capitalization, are down 27% over the last month and nearly 41% over three months, according to Artemis data. In contrast, Bitcoin itself has drawn down roughly 13% and 16% over the same periods. The “high beta” promise of these equities has held, but strictly to the downside. As a result, the mechanism has become broken. The premium to NAV, which once justified the aggressive issuance strategies of firms like MicroStrategy (now known as Strategy) and Metaplanet, has largely evaporated. At the same time, the majority of the sector now trades near or below 1.0x “mNAV” (market value adjusted for debt). When the premium flips to a discount, issuing shares to buy Bitcoin becomes value-destructive rather than accretive. So, for this sector to evolve from a basket of distressed proxies back into a premium asset class, the market requires more than a simple price bounce. A structural repair across price, liquidity, and governance is needed. Clearing the underwater cost basis The first hurdle is purely mathematical. A reflexive bounce in Bitcoin’s price is insufficient to restart the issuance engines, as the cost basis for the sector’s late entrants is perilously high. The Artemis data reveals a bifurcation in the market. While early adopters sit on cushions of profit, the newer wave of treasury companies is underwater. Galaxy Research noted that several BTC DATs, including Metaplanet and Nakamoto (NAKA), aggressively built their positions, with average Bitcoin cost bases exceeding $107,000. With spot prices currently languishing in the low-$90,000s, these firms are managing significant mark-to-market losses. Bitcoin Treasury Companies Profit and Loss (Source: Galaxy Digital) This creates a severe narrative drag. When a treasury trades well above its cost basis, the market treats it as a compounder of capital managed by visionary allocators. When it trades below, the market treats it as a distressed holding company. The leverage inherent in the model, which Galaxy identifies as price leverage, issuance leverage, and financial leverage, magnifies this pain. Nakamoto, for instance, has collapsed more than 38% in a month and over 83% in three months, behaving less like a structural proxy and more like a distressed small-cap. For premiums to re-expand, Bitcoin must not only recover; it must sustain levels meaningfully above these $107,000 high-water marks. Only then can balance sheets be repaired enough to convince investors that “Bitcoin-per-share” is a growing asset rather than a liability requiring management. The return of leverage demand The second requirement is a shift in market psychology regarding leverage. The collapse in DAT valuations signals that equity investors are currently rejecting “unsecured leverage.” In its analysis, Galaxy framed the DAT sector as a capital markets native solution for high-beta exposure. Essentially, this is a way for funds to express a convex view on Bitcoin without touching the derivatives market. However, in the current risk-off environment, that convexity is working in reverse. As long as spot ETF flows remain soft and perpetual futures open interest remains depressed, there is limited appetite for additional leverage via equities. Indeed, data from CryptoQuant shows average weekly spot and futures volumes falling by another 204,000 BTC to roughly 320,000 BTC, a level consistent with cycle-low liquidity. Bitcoin Trading Volume (Source: CryptoQuant) As a result, the market turnover has stalled, and positioning has become defensive. Considering this, an institutional investor is mathematically better off holding a spot ETF like BlackRock’s IBIT if a DAT trades at 0.9x NAV. This is because the ETF offers 1.0x exposure with lower fees, tighter spreads, and zero execution risk or corporate overhead. So, for the DAT premium to exist, the market must be in a “risk-on” mode, where investors are actively seeking volatility arbitrage offered by companies like MicroStrategy. Data from Artemis confirms this “levered spot” punishment. With MicroStrategy down roughly 30% over the past month, versus Bitcoin’s 13% drop, the market is pricing in the fragility of the model rather than its optionality. For the premium to return, derivatives metrics such as funding rates and open interest must signal a renewed appetite for risk that standard ETFs cannot satisfy. From offense to defense The era of “print stock, buy BTC” at any price is over. To regain investor trust, corporate boards must pivot from aggressive accumulation to a focus on balance sheet defense. In early 2025, the market rewarded blind accumulation. Now, it demands survivability. MicroStrategy’s recent move to raise approximately $1.44 billion in cash reserves is a leading indicator of this regime change. This capital is intended to cover coupon and dividend commitments, effectively building a fortress balance sheet capable of withstanding a prolonged bear market without forced selling. This shift from “discount-avoidance” to “premium-justification” is critical. Industry experts had warned that the DAT model is vulnerable to premium collapses. Now that the collapse is here, boards must demonstrate that future issuance will be disciplined and tied to clear value-creation thresholds. If investors believe that new capital will be deployed prudently, like protecting downside rather than chasing the top, the mNAV multiple may expand again. Concentration and indexation Finally, the market must grapple with the overwhelming concentration risk within the DAT sector. Available data shows that MicroStrategy alone controls more than 80% of the Bitcoin held by the DAT sector and accounts for roughly 72% of the category’s total market capitalization. This means that the fate of the entire asset class is inextricably linked to MicroStrategy’s specific liquidity dynamics and index status. Moreover, the pending MSCI consultation on whether to restrict “digital asset treasury companies” from major indices is the sword of Damocles hanging over the trade. If MicroStrategy retains its index status, passive buying from benchmark-tracking funds can mechanically re-inflate its premium, dragging the rest of the basket upward. However, if it is excluded, the mechanical bid disappears, and the sector risks becoming a collection of closed-end funds that trade permanently at a discount to their underlying holdings. The post Bitcoin treasury stocks are becoming “distressed assets” as a $107,000 cost basis traps late entrants underwater appeared first on CryptoSlate.

Polymarket is recruiting staff for an internal market-making team that would trade against its own customers, mirroring a controversial feature already used by rival Kalshi that has drawn criticism and legal challenges.According to Bloomberg, the New York-based prediction market startup has approached traders, including sports bettors, to join the new unit, people familiar with the matter said, requesting anonymity because the plans remain private.Polymarket declined to comment on the recruitment effort. The move comes as the platform prepares its full U.S. relaunch after securing regulatory clearance from the Commodity Futures Trading Commission, having paid a $1.4 million penalty in 2022 for operating an unregistered derivatives exchange.Kalshi’s Market-Making Unit Faces Legal ScrutinyKalshi already operates an in-house trading arm, Kalshi Trading, which places bids on the exchange and effectively takes opposing positions to customers’ bets.Company executives have defended the unit as necessary to create liquidity and improve the user experience. Still, critics argue it creates inherent conflicts of interest and makes Kalshi resemble a traditional sportsbook rather than a neutral peer-to-peer platform.Some are now claiming that the company is a gambling company and not a prediction company. “Let’s just call a spade a spade, it’s gambling, lots of things are gambling,” a X user said. it has been decided by the courts https://t.co/lU0S6XWrkA— Martin Shkreli (@MartinShkreli) December 5, 2025 A proposed class action lawsuit filed last month alleges that Kalshi Trading sets betting lines that disadvantage customers, claiming “consumers place bets on Kalshi, they face off against money provided by a sophisticated market maker on the other side of the ledger.“Kalshi co-founder Luana Lopes Lara dismissed the lawsuit as a “pure smear campaign” on social media. She stated that Kalshi Trading operates unprofitably and receives “no preferential access or treatment.” However, the legal challenge shows mounting concerns about whether prediction markets function as advertised, neutral platforms where users with differing opinions trade directly with each other. 1. Rebrand gambling as asset allocation2. Rebrand sportsbook as truth engine3. Rebrand bets as predictions4. Spin up in-house market maker to c̶o̶m̶p̶e̶t̶e̶ collaborate with c̶u̶s̶t̶o̶m̶e̶r̶s̶ fellow investors for the greater goodIt's really noble if you think about it. https://t.co/UQx67fg3DI— Harry Crane (@HarryDCrane) December 5, 2025 Push for Market-Making Comes Amid Rapid U.S. ExpansionPolymarket’s decision to build an internal trading desk arrives as the company executes its return to American markets following years offshore. In December, the CFTC issued a no-action letter covering QCX LLC and QC Clearing LLC, two entities Polymarket acquired earlier in 2025 for $112 million to gain licensed designated contract market status and regulated clearing capabilities. The agency granted temporary relief from certain swap data reporting requirements, allowing the platform to operate within the same framework governing federally supervised U.S. trading venues. Prediction market platform Polymarket says it has received an Amended Order of Designation from the CFTC.#Crypto #CFTChttps://t.co/H44tIIxPaz— Cryptonews.com (@cryptonews) November 25, 2025 Founder and CEO Shayne Coplan confirmed receiving “the green light to go live in the USA” and credited CFTC staff for completing the process in record time. The regulatory clearance caps a lengthy journey that intensified in November 2024 when the FBI raided Coplan’s Manhattan residence and seized electronic devices as part of an investigation into whether Americans continued accessing the site through VPNs despite the 2022 ban.Despite being barred from U.S. operations since 2022, Polymarket expanded aggressively overseas, recording roughly $6 billion in wagers during the first half of 2025 alone. The platform gained global attention during the 2024 presidential election cycle, as its markets closely tracked Donald Trump’s odds of winning.Market Makers and Growing Institutional InterestPrediction markets rely heavily on market makers willing to take less popular trades, as the platforms match buyers with sellers on binary yes-or-no contracts. Both Polymarket and Kalshi have offered incentives rewarding heavy users who provide liquidity, while a small number of traditional financial trading firms, including Susquehanna International Group and Jump Trading, have begun serving as external market makers on Kalshi. @GalaxyDigital is in talks to provide liquidity on Polymarket and Kalshi, reflecting the growing momentum of prediction markets among retail traders and Wall Street.#PredictionMarkets #Galaxy https://t.co/2wgytQSkZ4— Cryptonews.com (@cryptonews) November 25, 2025 Mike Novogratz’s Galaxy Digital is currently in talks with both platforms to become a liquidity provider, with Novogratz telling Bloomberg that the firm is “doing some small-scale experimenting with market-making on prediction markets.“The broader debate centers on whether prediction markets genuinely differ from traditional gambling operations.During a public appearance last month, Coplan called conventional sportsbooks a “scam” that “rip off the consumer,” positioning Polymarket as a transparent alternative where users trade against each other rather than facing house odds designed to extract profits.The post Polymarket to Launch In-House Trading Desk That Bets Against Users: Report appeared first on Cryptonews.

Citadel urges SEC to regulate DeFi like traditional markets. The crypto community opposes centralized regulation of decentralized platforms. Continue Reading:Citadel Pushes US Regulators to Oversee DeFi Systems as Traditional Markets The post Citadel Pushes US Regulators to Oversee DeFi...

The proprietary AMM on Solana had its public token sale filled in seconds as botters stormed in to take the entire supply.

Trump-appointed prosecutors are waging a war on crypto privacy and using Biden era tactics to score convictions.

Solana-based proprietary automated market maker (AMM) HumidiFi is abandoning its initial token sale and launching a new token on Monday, Dec. 8, after a bot farm sniped the entire presale supply in seconds.The team announced that it will not be launching the initial WET token, meaning the sniped tokens are now worthless.According to an announcement from HumidiFi, “They set up thousands of wallets, each having 1000 USDC. For each wallet, there was an instruction created that triggered the deposit of funds into the DTF smart contract.”“Per bundle sent (a lot of bundles were sent), 4 transactions were executed. 4 transactions that triggered 6 instructions each, for a total of 24,000 USDC or ~350,000 WET for each bundle.” To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

In Malaysia’s illegal Bitcoin (BTC) mining hotspots, the hunt begins in the sky. Drones buzz over rows of shops and abandoned houses, sweeping for pockets of unexpected heat, which is the thermal signature of machines that shouldn’t be running. On the ground, police carry handheld sensors that sniff out irregular power use. Sometimes the pursuit is more low-tech: residents call in with complaints of strange bird noises, only for officers to discover nature sounds being used to mask the roar of machinery behind closed doors. The surveillance net exists because the scale of the problem demands it. As a local news outlet reported, between 2020 and August 2025, authorities caught 13,827 premises stealing electricity for crypto mining, mostly Bitcoin. Losses are pegged at roughly 4.6 billion ringgit, worth about $1.1 billion, according to state-owned energy company Tenaga Nasional (TNB) and the Energy Transition and Water Transformation Ministry. By early October, with Bitcoin hitting record highs before collapsing by more than 30% and rebounding, authorities had logged around 3,000 power-theft cases tied to mining. The miners they’re chasing are careful. They hop from empty storefronts to deserted houses, installing heat shields to cloak the glow of their rigs. They equip entrances with CCTV cameras, heavy-duty security, and broken-glass deterrents to keep unwanted visitors out. This cat-and-mouse game has been running for years, but the numbers suggest it’s accelerating. TNB has reported that crypto-linked electricity theft rose nearly 300% over the past six years, with cumulative losses of roughly 3.4 billion ringgit between 2018 and 2023 alone. Adding earlier years, the true bill from Bitcoin power theft inches closer to 8 billion ringgit. In Perak, landlords have been left with millions in unpaid TNB bills because tenants ran illegal mining operations and walked away, forcing owners to either chase them or absorb the charges. The sensor grid behind the crackdown What began as simple meter checks has evolved into a multi-layered surveillance operation. TNB’s control room now watches transformer-level smart meters for unexplained losses. These Distribution Transformer Meters, part of a pilot program, record the amount of power flowing into a neighborhood circuit in real time. If the sum of the customer meters underneath looks too low, operators know power is being diverted somewhere in that cluster. Anomalies kick out a list of target streets. Teams then overfly those streets with thermal drones at night and walk them with handheld load sensors. That turns what used to be “knock and peek behind every roller shutter” into a guided search. The drones pick up heat signatures from suspected mining clusters, and the sensors confirm irregular draws. A 2022 Tenaga briefing already described the use of drones alongside conventional meter inspections, which gives the operation a clear arc: basic enforcement first, then data-driven monitoring as the problem scales. The utility has also built an internal database that links suspicious premises to owners and tenants. The energy ministry says that the database is now the reference point for inspections and raids tied to Bitcoin-related power theft. It addresses a persistent enforcement problem: equipment is often registered to shell entities, and premises are rented or sublet, which dilutes conviction risk even when raids succeed. On Nov. 19, the government rolled out a cross-agency special committee staffed by the Finance Ministry, Bank Negara Malaysia, and TNB to coordinate a crackdown. The deputy energy minister, Akmal Nasrullah Mohd Nasir, who chairs the panel, frames the risk as existential. In a recent report by Bloomberg News, he stated: “The risk of allowing such activities to happen is no longer about stealing. You can actually even break our facilities. It becomes a challenge to our system.” Overloaded transformers, fires, and localized blackouts are now part of the equation. There is an open discussion inside that committee about recommending an outright ban on Bitcoin mining, even when operators pay for power. Nasir is blunt: “Even if you run it properly, the challenge is that the market itself is very volatile. I don’t see any well-run mining that can be considered as successful legally.” He has also suggested the pattern of mobile sites points to organized criminal syndicates running the show, adding that it is “clearly run by the syndicate, because of how mobile they are from setting up in one place to another place. It does have modus operandi.” The economics of meter-tampering The core economic logic is simple: heavily subsidized grid power, a high-priced asset, and almost no labor. Malaysia’s domestic tariffs have historically been low, with stepped residential rates starting around 21.8 sen per kilowatt-hour for the first 200 kWh and rising to around 51-57 sen for higher bands. After a long freeze, the base tariff increased in 2025 to around 45.4 sen per kWh for the 2025/2027 regulatory period, and high-usage customers now face additional surcharges on consumption above 600 kWh a month. Even so, analysts and crypto sites summarizing the ministry’s numbers describe Malaysia’s effective electricity prices as roughly $0.01-$0.05 per kWh, depending on class and subsidy. For a miner running dozens or hundreds of ASICs around the clock, the difference between paying even those subsidized tariffs and paying nothing is the difference between marginal profits and very fat ones. That creates the incentive to bypass meters entirely. In many raids, investigators find cables tapped directly into overhead lines or incoming mains before the meter, so that the recorded consumption for the property appears to be that of a normal small shop or house while the transformer supplying it runs at several times the expected load. Akmal has explicitly tied the surge in theft to Bitcoin’s price, noting in July that with BTC above about 500,000 ringgit per coin, more operators are “willing to take the risk of stealing electricity for mining.” The downside exists, but feels diluted. The Electricity Supply Act allows for fines up to 1 million ringgit and up to 10 years in prison for meter tampering, and police data show hundreds of arrests and tens of millions of ringgit in seized equipment over the last few years. But syndicate structures soften the blow: equipment is registered to shells, premises are sublet, and the people actually running the rigs are rarely the ones holding the lease. There’s also a system-level opportunity cost. Malaysia is trying to decarbonize its grid by shifting away from coal toward gas and solar, while also powering a wave of data centers. Every stolen kilowatt-hour is power that could have gone to paying industrial and digital economy customers instead of subsidizing underground farms. Where do they go when the lights go out Locally, the geography of evasion is striking. Illegal miners in peninsular Malaysia hop between empty shoplots, abandoned houses, and partially vacant malls, installing heat shields, CCTV, and even broken-glass strips over entrances to slow down raids. One viral example was a massive operation in the mostly empty ElementX Mall near the Strait of Malacca, which only cleared out after TikTok footage spread. In Sarawak, officials have found mining gear hidden in remote logging yards or buildings deep inside forested areas, with direct taps into overhead lines. What tends to happen after a crackdown is not that miners disappear, but that hash power migrates to the next-cheapest or least-enforced grid. Globally, the pattern is clear: China’s 2021 mining ban triggered the “Great Mining Migration,” with fleets of machines heading to Kazakhstan, North America, and other energy-rich jurisdictions. When Kazakhstan later clamped down on unregistered miners and power station kickbacks, some of that hardware moved again, including into Russia and other parts of Central Asia. In 2025, newer echoes of that same dynamic are playing out across the region. Kuwait is in the middle of a sweeping crackdown, raiding homes that were using up to 20 times the normal amount of electricity and blaming miners for worsening a power crisis. Laos, which initially courted miners with excess hydropower, is now planning to cut off electricity to crypto operations by early 2026 to redirect power to AI data centers, metal refining, and EV manufacturing. China itself, despite its 2021 ban, has seen underground mining rebound to an estimated 14% to 20% of global hashrate by late 2025 as operators exploit cheap electricity and overbuilt data-center infrastructure in energy-rich provinces. Malaysia is slotting into this broader pattern. When enforcement tightens in one region with cheap or subsidized power, miners either go further underground in that country, into remote buildings, with better camouflage and more aggressive meter-tapping, or they hop to the next jurisdiction where the math still works, and the risk feels manageable. Akmal all but spells this out, arguing that the mobility of sites and the speed with which rigs can be moved point to syndicate-style operations rather than hobbyists. The stakes are no longer just about theft. They’re about whether Malaysia can protect grid infrastructure that is supposed to finance a green transition and a data-center boom, or whether it becomes another way station in the global hunt for cheap electrons, one drone sweep at a time. The post Bitcoin thieves stole $1.1B using fake bird noises: Now Malaysia hunts heat signatures from the sky appeared first on CryptoSlate.

Bitcoin Magazine Vivek Ramaswamy’s Strive Urges MSCI to Rethink Bitcoin Index Exclusion Strive Asset Management is pushing back against MSCI’s latest proposal. The index provider suggested removing companies with bitcoin holdings over 50% of total assets from major equity benchmarks. In a letter to MSCI CEO Henry Fernandez, Strive warned the plan could create uneven results worldwide. Companies report bitcoin differently under U.S. GAAP and IFRS accounting standards. Strive said this could lead to inconsistent outcomes for firms with similar exposure. The Nasdaq-listed firm urged MSCI to rely on optional “ex-digital-asset treasury” index variants instead of redefining eligibility for broad benchmarks. These custom indexes already exist for sectors like energy and tobacco. Strive is the 14th-largest public corporate bitcoin holder, with more than 7,500 BTC on its balance sheet. Its executives argued that the proposal would “depart from index neutrality” and asked MSCI to “let the market decide” how bitcoin-heavy firms are treated. Co-founded by Vivek Ramaswamy and Anson Frericks in 2022, Strive has a mission to “depoliticize corporate America.” MSCI’s ruling affect on companies like Strive and Strategy The rule change could affect major players like Strategy, which holds 650,000 BTC. JPMorgan estimates MSCI’s exclusion could trigger $2.8 billion in passive outflows from Strategy alone. If other index providers follow suit, the total could rise to $8.8 billion. Strive’s letter criticized the 50% threshold as “unjustified, overbroad and unworkable.” Many bitcoin treasury companies operate real businesses. These include AI data centers, structured finance, and cloud infrastructure. Miners such as MARA, Riot, Hut 8, and CleanSpark are pivoting into renting excess power and compute capacity. The firm drew comparisons to other industries. Indexes do not exclude energy companies with large oil reserves or gold miners whose value depends on metals. Applying a bitcoin-specific rule, Strive argued, imposes an investment judgment on benchmarks meant to remain neutral. Executives also highlighted market volatility and accounting differences. Bitcoin’s price swings could push companies in and out of eligibility from quarter to quarter. Derivatives or structured products further complicate exposure calculations. Strive warned that strict rules could push innovation abroad. U.S. markets may face penalties, while international companies benefit from IFRS treatment. The firm believes the proposal may stifle new bitcoin-backed financial products. MSCI plans to announce its decision on January 15, 2026, before the February index review. Strive is among several firms lobbying against the proposal. Its argument centers on fairness, neutrality, and market choice rather than restricting investor access. Last week, Strategy’s Michael Saylor disputed MSCI index disputes and clarified that Strategy is a publicly traded operating company with a $500 million software business and a treasury strategy using Bitcoin, not a fund, trust, or holding company. This post Vivek Ramaswamy’s Strive Urges MSCI to Rethink Bitcoin Index Exclusion first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

XRP is showing one of the clearest splits in crypto this quarter between what people say and what they do with their money. Social data tracking bullish and bearish commentary indicates that the mood around the asset has entered a new Fear zone, even as the XRP Ledger (XRPL) logs its most active stretch of 2025 and regulated products continue to attract inflows. The split recalls late November, when a similar spike in retail pessimism preceded a brief rebound. However, the current backdrop features heavier selling pressure and larger flows through institutional channels, widening the gap between user sentiment and observable market activity. Sentiment slumps as XRPL activity climbs Data from Santiment shows that XRP entered a Fear zone this week, marking the second time in three weeks that bearish commentary has outweighed bullish discussion by an abnormal margin. XRP’s Social Sentiment (Source: Santiment) The shift follows a 31% price decline over the past two months, which pushed the token to as low as $2 before its recovery to $2.15. This period triggered the sharpest negative sentiment reading since Nov. 21 and also coincided with a short-lived recovery. At the same time, the XRP Ledger (XRPL) is recording a rise in transactional intensity. On-chain data from CryptoQuant showed that on Dec. 2, the network’s velocity metric reached 0.0324, its highest level this year. XRP Ledger (XRPL) Velocity. (Source: CryptoQuant) Velocity measures how frequently units of an asset move between addresses, offering a gauge of turnover rather than supply. Elevated readings generally reflect active markets in which coins circulate rapidly rather than sitting in long-term storage. In declining markets, high velocity can appear during periods when holders move coins to exchanges. It can also signal that liquidity providers and larger participants are absorbing supply as valuations reset. Regardless of motive, the metric shows that XRP is being used at a faster rate than earlier in the year, with 2025 shaping up to be one of the network’s most active periods. ETF flows tilt toward XRP While retail commentary has turned negative, fund flows into spot exchange-traded products have moved in the opposite direction. Per SoSoValue ETF data, XRP products added roughly $12.84 million on Dec. 4. Solana products drew about $4.59 million. XRP ETF Daily Inflow Since Launch (Source: Santiment) Over the same window, Bitcoin ETFs saw net outflows of approximately $194.64 million, and Ethereum products shed around $41.57 million. The pattern aligns with a rotation that has developed over the past several weeks, during which inflows have shifted toward mid-cap assets even as benchmarks lag. As a result, XRP ETFs have seen inflows of about $887 million since launch, making it the strongest performing crypto ETF relative to peers. The move does not necessarily indicate a structural shift, but the contrast with social sentiment is notable. Retail commentary remains dominated by concerns around price performance, while ETF investors—who often operate under defined mandates and longer horizons—continue to allocate through regulated channels. The overlap between rising velocity and steady ETF interest suggests that institutional exposures have not weakened despite the drawdown. Ripple extends market footprint Undergirding this institutional bid is a structural shift in Ripple’s business model. On Dec. 4, the company stated that it has deployed nearly $4 billion in 2025 across a series of acquisitions designed to pivot XRP from a speculative asset to a settlement utility for corporate finance. The firm’s strategy appears to be the vertical integration of value transfer. The $1 billion acquisition of GTreasury attempts to insert digital asset rails directly into existing corporate cash management workflows. This is supported by the purchase of Rail for stablecoin payment routing and Palisade for institutional-grade custody. Perhaps most significant for market structure is the integration of Ripple Prime, the institutional brokerage arm acquired from Hidden Road. This move completes the stack by offering execution, clearing, and financing for OTC trading. By owning the custody (Palisade), the execution (Ripple Prime), and the client interface (GTreasury), Ripple is building a closed-loop liquidity environment. It stated: “Together, they bring Ripple closer to owning the full financial plumbing behind global value movement, which means our clients have access to the full suite of digital assets capabilities that make their business faster, more efficient, and future-proof: custody, liquidity, payout networks, treasury management, prime brokerage services and real-time settlement.” What’s next for XRP? The current setup places XRP at an intersection where crowd emotion and market activity diverge. Retail traders, driven by the “Fear” signals in Santiment’s data, are extrapolating recent price drops into a permanent decline. Meanwhile, the data-driven participants, ETF issuers, and infrastructure builders are treating the volatility as a liquidity event to deepen their positions. History suggests that when sentiment and flows diverge this sharply, the flows eventually dictate the price. As such, one can deduce that XRP’s price would subsequently rise given its positive fundamentals. The post XRP sentiment has collapsed, but a “Fear Zone” signal hints that retail sellers are making a costly error appeared first on CryptoSlate.

Bitcoin and ether ETFs both faced another difficult trading session, posting sizable outflows, while solana and XRP ETFs quietly notched fresh inflows. Market sentiment remained mixed, with traditional leaders struggling as smaller sectors absorbed renewed investor attention. Solana and...

A chaotic token launch on Solana has placed decentralized finance platform HumidiFi and Jupiter Exchange under intense scrutiny after blockchain investigators linked a single actor to the mass botting of the $WET public presale, capturing the majority of the allocation within seconds.According to a detailed on-chain investigation published by Bubblemaps, one entity operating under the alias “Ramarxyz” used more than 1,000 wallets to claim roughly 70% of the $WET public presale allocation. BREAKING: We found the identity of the $WET sniper"Ramarxyz" claimed 70% of the @HumidiFi presale using 1,000+ walletsThen dared to ask for a refund↓ pic.twitter.com/YhWnOrZRNZ— Bubblemaps (@bubblemaps) December 5, 2025 The sale, which took place through Jupiter’s Decentralized Token Formation (DTF) launchpad, sold out in just two seconds before most retail participants could interact.HumidiFi Confirms Bot Attack as Blockchain Data Traces Sale to One ActorHumidiFi later confirmed that a large bot farm had overwhelmed the public sale. Bubblemaps found that at least 1,100 of the 1,530 participating addresses were controlled by the same actor. The wallets followed a repetitive funding pattern, with each receiving exactly 1,000 USDC from centralized exchanges shortly before the sale. Source: Bubblemaps One wallet allegedly broke the pattern by receiving funds from a private address that could be traced to the Twitter handle @ramarxyz through previous public blockchain activity.Rather than acknowledging the activity, the individual later publicly suggested that HumidiFi should refund the sniper’s allocation, despite being linked to the exploit. Shortly afterward, HumidiFi confirmed that all suspected bot allocations had been canceled and that legitimate presale participants would instead receive a prorated airdrop.A separate on-chain analysis by trader Gautam Mgg showed that 4% of the public allocation went to just 10 wallets, with four wallets alone committing 40% of the entire public sale supply using bots. $WET @humidifi : 4% Public Sale Supply went to just 10 walletsPresale was completely botted, basically rugged And yes, @JupiterExchange is also at fault.Here’s the proof: These 4 wallets alone committed 40% of the 4% public sale allocation using bots (finding more… pic.twitter.com/5dGz3bHwjZ— Gautamgg (@Gautamguptagg) December 4, 2025 The wallets were publicly listed using Solana explorers. Gautam also blamed Jupiter Exchange for failing to introduce basic bot protection measures, such as CAPTCHA or last-minute address rotation.Jupiter had earlier announced that the $WET token sale was fully completed, raising $5.57 million across its Wetlist, JUP stakers, and public sale phases. It’s official: Public sale phase for $WET has SOLD OUT!The Decentralized Token Formation for @HumidiFi is now officially concluded, raising a grand total of $5.57m across the Wetlist, JUP stakers and public sale phases.$WET token for successful contributors will be claimable… pic.twitter.com/o5Hleg91z1— Jupiter (, ) (@JupiterExchange) December 4, 2025 The public phase offered 30 million tokens at $0.069 per token, capped at $1,000 USDC per wallet. The token is scheduled to become claimable on December 9 alongside the launch of liquidity pools.HumidiFi to Reissue Token After Aborting Disrupted $WET LaunchFollowing the incident, HumidiFi announced it would abandon the compromised launch and create a new token instead. The protocol said all legitimate Wetlist and JUP staker participants would receive a pro-rata airdrop under a newly deployed contract that has been audited. A new public sale is now scheduled. Some real dry shit happened today.Humidifi started 6 months ago from nothing, straight from the trenches of DeFi 1.0. In those 6 months, for SOL-USD, we started quoting tighter and doing more volume than Binance. We did not kiss any ass or bend the knee to anyone. We started…— HumidiFi (@humidifi) December 5, 2025 HumidiFi launched in mid-2025 and has grown into one of Solana’s most active decentralized exchanges, processing over $1 billion in daily trading volume and often accounting for more than one-third of all spot trading on the network. According to DefiLlama, its Dex volume currently sits close to $30 billion over 30 days, while its cumulative volume sits at over $122 billion.The $WET token was introduced as the protocol’s staking and fee-rebate asset and was promoted as a community-driven distribution using Jupiter’s DTF platform.The incident has revived broader concerns over token distribution fairness across launchpads. In September, Bubblemaps also flagged a separate Sybil attack linked to the MYX token airdrop, where roughly 100 newly created wallets claimed nearly $170 million in tokens after being funded simultaneously from OKX. That case similarly raised questions about identity controls and launch design weaknesses.Jupiter DTF was introduced as a transparent, trust-minimized alternative to traditional token launches, combining curation and on-chain verification. The $WET sale was its first live deployment, making the failure a major test for the model.Neither Jupiter Exchange nor the individuals accused have issued a detailed technical breakdown of what failed at the infrastructure level. The post Exposed: “Ramarxyz” Sniped 70% of $WET Presale With 1,000+ Wallets – Then Demanded Refund appeared first on Cryptonews.

A suspected British hacker linked to one of the largest single Bitcoin thefts ever recorded may have been detained in Dubai, according to claims made Friday by on-chain investigator ZachXBT.In a post shared on his Telegram channel on December 5, ZachXBT said a man known online as “Danny” or “Meech,” identified as Danish Zulfiqar, appears to have been taken into custody by authorities, with a portion of the stolen crypto allegedly seized. Source: ZachXBTHe pointed to roughly $18.58 million in digital assets now held in a single Ethereum wallet that he says is connected to the suspect.ZachXBT noted that several wallets previously tied to the alleged hacker had funneled funds into the same address in a pattern commonly seen during law enforcement seizures. He also claimed Zulfiqar was last known to be in Dubai, where a villa was reportedly raided. Authorities Silent as Reports Surface of Possible Arrest in $243M Bitcoin HackAccording to the investigator, others linked to the suspect have also gone silent in recent days.So far, there has been no official confirmation from Dubai Police or UAE authorities regarding any arrest, asset seizure, or raid connected to the case. Local media outlets in the region have also not verified the claims.The possible arrest follows months of investigation into the August 19, 2024, theft of 4,064 Bitcoin, worth about $243 million at the time. The funds were taken from a single Genesis creditor who accessed assets through Gemini.ZachXBT made the case public in September, alleging the theft was carried out through a coordinated social engineering attack.According to his findings, the attackers posed as Google support staff and convinced the victim to reset two-factor authentication. They then used remote access software to take control of the account. After extracting the private keys, the attackers drained the wallet and moved the Bitcoin through a web of exchanges and swap services in an attempt to launder the funds.ZachXBT initially tied the attack to three online aliases, “Greavys,” “Wiz,” and “Box”, later naming Malone Lam, Veer Chetal, and Jeandiel Serrano as the people behind those accounts. He said his findings were shared with law enforcement authorities.U.S. Charges, UK Guilty Plea, Thailand Arrest Mark New Phase of Crypto Crime ProbesU.S. prosecutors later filed criminal cases connected to related activity. In September 2024, the Department of Justice charged two suspects in a $230 million crypto fraud scheme. Broader racketeering charges later described an operation totaling more than $263 million, including the Genesis-linked Bitcoin theft. Court documents outlined a mix of SIM swaps, social engineering tactics, and even physical burglaries.Prosecutors said the stolen funds were spent on high-end cars, travel, and nightlife. One of the defendants, Veer Chetal, was later accused of carrying out another $2 million crypto theft while out on bond.ZachXBT has also connected Zulfiqar to the August 2023 Kroll SIM swap incident, which exposed the personal data of creditors tied to BlockFi, Genesis, and FTX. That breach later played a role in more than $300 million worth of crypto thefts through follow-up phishing and impersonation schemes.The reported Dubai development comes as crypto-related law enforcement activity continues to pick up worldwide. In October, Thai authorities arrested Liang Ai-Bing in Bangkok over an alleged $31 million crypto Ponzi scheme that ZachXBT had previously exposed. Thai police arrest alleged FINTOCH mastermind behind $31 million crypto Ponzi scheme that defrauded investors across multiple Asian countries.#Thailand #Policehttps://t.co/Mccq2KpZfb— Cryptonews.com (@cryptonews) October 30, 2025 In the UK, authorities recently secured a guilty plea from Zhimin Qian in a case tied to what officials described as the largest crypto seizure in history, involving more than $6.7 billion in Bitcoin.Outside of investigations, ZachXBT has also remained active in public disputes.In November, he clashed with UFC fighter Conor McGregor over comments about Khabib Nurmagomedov’s NFT project, redirecting attention to McGregor’s own failed meme coin venture earlier this year.The post ZachXBT: British Hacker Linked to $243M Genesis Theft Likely Nabbed in Dubai appeared first on Cryptonews.

Institutions are jumping at the opportunity to gain exposure to SOL staking yields, contributing 3.1 million SOL in a testament to bullish Solana price predictions.As the designated staking backend for institutional products, Staking service Marinade has seen its Total Value Locked (TVL) increase 3 fold to $436 million over November. Marinade Total Value Locked (TVL). Source: SolanaFloor.This adoption has been catalysed with the launch of several spot SOL staking ETFs as a regulated means to gain access to the altcoin’s yields. Over November, these ETFs saw a 22-day inflow streak despite amounting to the second-worst month of the year. TradFi markets chose to buy the dip on SOL as other ETFs like Bitcoin bled. U.S. Spot Solana ETF Netflows. Source: SoSoValue.Demand that only stands to grow with fresh touch points for institutional-grade exposure, like the recently unlocked 50 million clientele of the second-largest asset manager, Vanguard.As the favored accumulation strategy over Bitcoin, Solana is in a favorable position to outperform the leading cryptocurrency if the bull run returns for 2026.Solana Price Prediction: Where Could Solana Go In 2026December is shaping a strong launchpad into 2026 as Solana forms a clean double-bottom pattern along a firm support throughout the bullish phase of this market cycle at $120.And with momentum indicators verging on bullishness, the structure is acting as a clear bottom to the two-month Solana price decline.While its most recent attempt has ended in rejection, the RSI is now testing the 50 neutral line after weeks in deep oversold territory. The MACD has also built a strong lead on the signal line. Both suggest the early stages of a fresh uptrend as buyers step back in. Still, the Solana price has faltered at the double-bottom neckline around $145, a level it must reclaim as support for the $210 target to play out.Such a shift would set up a retest of the wider year-long descending-triangle resistance, creating a breakout scenario targeting levels near $500 for a potential 260% gain.Though a near-term catalyst, such as a decision to ease U.S. interest rates next week, may be required to stimulate risk sentiment. And with further macroeconomic easing expected through 2026 and growing institutional involvement, the setup could extend toward a much larger move, eyeing $ 1,000 for a 630% run.Bitcoin Hyper: A Reason Bitcoin Could Still Outpace SolanaThose who jumped to Solana as an alternative Layer 1 to the leading crypto may be forced to reconsider, as the Bitcoin ecosystem finally addresses its biggest limitation: ecosystem growth.Bitcoin Hyper ($HYPER) is bridging Bitcoin’s security and stability with Solana’s speed, creating a new Layer-2 network that unlocks scalable and efficient use cases Bitcoin couldn’t support alone.The project has already raised over $30 million in presale, and post-launch, even a small share of Bitcoin’s trading volume could push its valuation significantly higher. Bitcoin Hyper is fixing the slow transactions, high fees, and limited programmability that have capped Bitcoin’s potential – just as the market turns bullish Visit the Official Bitcoin Hyper Website HereThe post Solana Price Prediction: Institutions Pile In as Staking Hits 3.1M SOL – Could SOL Overtake Bitcoin in 2026? appeared first on Cryptonews.

Federal prosecutors asked for a 12-year sentence for Do Kwon, arguing the Terra collapse caused more damage than FTX and other major crypto scandals combined.

Kwon will be sentenced on December 11 in Manhattan federal court.

The White House's new National Security Strategy emphasizes increased global fiscal expansion and military spending.

The collapse of Do Kwon's Terraform project caused losses that surpassed those by Sam Bankman-Fried's FTX, Celsius and OneCoin combined, the prosecutors argued.

The White House's new National Security Strategy emphasizes increased global fiscal expansion and military spending.

Do-hyung is now facing a possible 12-year prison sentence in the United States after federal prosecutors called the TerraUSD disaster a “colossal fraud” in a Thursday court filing. The U.S. government told Judge Paul Engelmayer in New York that...

Bitcoin’s apparent calmness and stabilization above $90,000 didn’t last long, as the asset plunged below that level to a 5-day low of $88,000. Naturally, the altcoins have followed suit, which means that the overall liquidations are on the rise again, hitting $500 million on a daily scale. BTCUSD Dec 5. Source: TradingView Recall that the primary cryptocurrency dumped on Monday by over seven grand in just a day, but quickly rebounded and surged past $90,000. It remained there for a few consecutive days and even challenged $94,000 on a couple of occasions. However, it couldn’t penetrate that level and calmed at around $92,000 by Friday, as reported earlier. The bears came back minutes ago and initiated a fresh leg down that drove bitcoin south to $88,000. The altcoins are in the red as well. Ethereum, which exceeded $3,200 yesterday, is close to breaking below $3,000 after a 4.6% drop in a day. XRP is also just inches above a crucial support level, having slipped to $2.04 as of press time. SOL, DOGE, and ADA have marked even more substantial declines of up to 7.3%. CC, APT, HYPE, PUMP, PEPE, and ENA have plunged by double digits, while WLD and AVAX have plummeted by up to 9%. The total crypto market cap has shed $80 billion in hours to $3.1 trillion as of press time. The liquidations within the past 24 hours have risen to $500 million once again, with $420 million in longs. The total number of wrecked traders has exceeded 140,000, while the single-largest liquidated order was on Hyperliquid and was worth $8.5 million, according to CoinGlass data. Liquidation Data Dec 5 on CoinGlass The post Bitcoin Price Suddenly Drops to $88K as Liquidations Surge to $500M appeared first on CryptoPotato.

Bitcoin Magazine Bitcoin Price Craters to $88,000, But JPMorgan Maintains $170,000 Target Bitcoin price plunged to $88,000s on Friday, down over 4% in the past 24 hours. The cryptocurrency is trading near its seven-day low of $88,091, and about 4% below its seven-day high of $92,805. The global market capitalization for Bitcoin now stands at $1.77 trillion, with a 24-hour trading volume of $48 billion. Despite the recent drop, Wall Street bank JPMorgan remains bullish on the Bitcoin price over the long term. The bank continues to maintain its gold-linked volatility-adjusted BTC target of $170,000 over the next six to twelve months. Analysts say the model accounts for fluctuations in price and mining costs. One key factor in the market is Strategy (MSTR), the largest corporate Bitcoin holder. The company owns 650,000 BTC. Its enterprise-value-to-Bitcoin-holdings ratio, known as mNAV, currently stands at 1.13. JPMorgan analysts describe this as “encouraging.” A ratio above 1.0 indicates Strategy is unlikely to face forced sales of its Bitcoin. JUST IN: JPMorgan says it is sticking to its Bitcoin vs gold model target, which would see BTC hit $170,000 over the next year pic.twitter.com/PNt9ojpBRv— Bitcoin Magazine (@BitcoinMagazine) December 5, 2025 Strategy has also built a $1.44 billion U.S. dollar reserve. The reserve is designed to cover dividend payments and interest obligations for at least 12 months. The company aims to extend coverage to 24 months. Bitcoin mining pressure Mining pressures continue to weigh on Bitcoin. The network’s hashrate and mining difficulty have fallen. High-cost miners outside China are retreating due to rising electricity costs and declining prices. Some miners have sold Bitcoin to remain solvent. JPMorgan now estimates Bitcoin’s production cost at $90,000, down from $94,000 last month. Falling hashrates can push production costs lower, but the short-term effect is sustained selling pressure from miners. Institutional investors also show caution. BlackRock’s iShares Bitcoin Trust, or IBIT, has recorded six consecutive weeks of net outflows. Investors pulled more than $2.8 billion from the ETF over this period, according to Bloomberg. The withdrawals highlight subdued appetite among traditional investors, even as Bitcoin prices stabilize. Analysts note that the trend marks a reversal from the persistent inflows seen earlier in the year. The broader market is still recovering from the October 10 liquidation event. That crash wiped out over $1 trillion in crypto market value and pushed Bitcoin into a bear market. Although the Bitcoin price has recovered some ground this week, momentum remains fragile. JPMorgan analysts now say Bitcoin’s next major move depends less on miner behavior. Instead, it depends on Strategy’s ability to hold its Bitcoin without selling. The mNAV ratio and reserve fund provide confidence that the company can weather market volatility. Other potential catalysts remain. The MSCI index decision on January 15 could impact Strategy’s stock and, indirectly, Bitcoin. Analysts say a positive outcome could trigger a strong rally. Last week, Strategy’s Michael Saylor disputed MSCI index disputes and clarified that Strategy is a publicly traded operating company with a $500 million software business and a treasury strategy using Bitcoin, not a fund, trust, or holding company. He emphasized the firm’s recent activity, including five digital credit security offerings totaling over $7.7 billion in notional value. Bitcoin price analysis Bitcoin Magazine analysts believe that the bitcoin price correlation with Gold has recently strengthened mainly during market downturns, offering a clearer view of its purchasing power when analyzed against Gold instead of USD. Breaking below the 350-day moving average (~$100,000) and the $100K psychological level signaled Bitcoin’s entry into a bear market, dropping roughly 20% immediately. While USD charts show a 2025 peak, Bitcoin measured in Gold peaked in December 2024 and has fallen over 50%, suggesting a longer bear phase. Historical Gold-based bear cycles indicate potential support zones approaching, with current declines at 51% over 350 days reflecting institutional adoption and constrained supply rather than cycle shifts. For now, bitcoin price hovers near $88,000. This post Bitcoin Price Craters to $88,000, But JPMorgan Maintains $170,000 Target first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

On Dec. 4, the United States Commodity Futures Trading Commission (CFTC) approved leveraged spot crypto trading on federally regulated exchanges. For the first time in American history, spot Bitcoin and other crypto assets can trade with margin inside the CFTC framework that already governs futures and options, backed by central clearing and long-tested risk management. Acting Chairman Caroline Pham called it a “historic milestone” that finally gives Americans “safe US markets now, not offshore exchanges that lack basic safeguards against uncontrolled customer losses.” The move does not kill the offshore venues that dominated the last cycle. Instead, it sets up something more structural: a lasting split between two parallel Bitcoin markets serving different users and risk appetites. The great bifurcation begins For 15 years, US law has required leveraged retail commodity transactions to occur on regulated exchanges. In practice, that requirement never applied to crypto because no such exchanges existed for leveraged spot. As Pham put it, Congress passed reforms after the financial crisis, but “the CFTC never implemented this critical customer protection reform by providing regulatory clarity on how to list these retail exchange-traded products despite years of market demand.” The result was a long period of regulatory exile. The entire market for margin-based spot trading migrated offshore into jurisdictions such as the Seychelles, the Bahamas, and the British Virgin Islands. Platforms there offered high leverage and minimal oversight, becoming the engine of Bitcoin’s price discovery. However, when Sam Bankman-Fried’s FTX collapsed, that model’s vulnerabilities were exposed in full. Yesterday’s move ends that exile, but not by bringing everything home. Instead, it formalizes a divide. One market will remain offshore, high-leverage and high-risk, serving the so-called “degen” retail trader who wants minimal friction. The other will develop onshore, with lower leverage, central clearing, and portfolio margining for banks, hedge funds, and sophisticated proprietary traders. Pham clearly described the broader policy goal. She stated that with President Trump’s plan for digital assets, the CFTC will “reclaim [America’s] place as the world leader in digital asset markets.” In this structure, the CFTC has not simply approved another product. It has begun to retrofit the plumbing of the US financial system to accommodate Bitcoin. The new instruments rely on the Commodity Exchange Act’s “Actual Delivery” provisions to create something that behaves like a physically settled future but trades like a spot contract. Functionally, this is the first step toward treating Bitcoin like regulated markets treat foreign exchange pairs, where spot, forwards, and swaps coexist within a unified risk and clearing framework. Icebreakers, tankers, and the basis trade Bitnomial is the first exchange to secure this specific approval, and its launch will carry symbolic weight. However, as crypto analyst Shanaka Anslem noted, in market plumbing, the first mover is often just “one venue” in a much larger structural shift. He described Bitnomial as the place where “leveraged spot, perpetuals, futures, options, [and] portfolio margining” come together under full federal oversight, and he argued that the “structural implications are staggering.” The technical mechanism matters. By allowing these spot products to be cleared through a central counterparty clearinghouse, the CFTC has enabled portfolio margining for Bitcoin. Under the old regime, a trader long-spotting Bitcoin at a US exchange and shorting a Bitcoin future at CME had to post full collateral at both venues. Under the new model, the clearinghouse can view those legs as a single hedged portfolio, thereby reducing required capital. Considering this, Anslem estimates that cross-margining between spot and derivatives could reduce capital requirements by 30-50%. Moreover, Bitnomial is only the icebreaker rather than the end state of this pivotal regulatory move. The channel it opens is wide enough for larger “tankers” such as CME Group, ICE, and other established derivatives venues like Coinbase Derivatives, which already clear enormous volumes across rates, commodities, and FX. If those platforms adopt similar products, Bitcoin can be cross-margined against deep pools of traditional risk, further integrating it into the core of US financial infrastructure. That is also why traditional finance voices are paying attention. Nate Geraci, president of Nova Dius Wealth, argued that the new regime “basically paves the way for every major brokerage to offer spot crypto trading and feel comfortable from a regulatory perspective.” This essentially opens the market to major traditional financial institutions such as Vanguard, Charles Schwab, and Fidelity, which collectively manage more than $25 trillion in assets. The retail fallacy Meanwhile, a popular narrative is that this CFTC approval will immediately drag most liquidity back to US venues. However, that expectation misreads who trades where. Offshore exchanges such as Binance and Bybit built their empires by offering extreme leverage, fast onboarding, and limited scrutiny. CFTC-regulated venues will look very different. Bound by conservative clearinghouse standards, they are likely to cap leverage in the mid single digits, similar to major FX pairs. The platforms will also require complete know-your-customer checks, report positions to US authorities, and enforce robust margin and liquidation rules. So, the trader trying to turn a small balance into a life-changing gain with 100x leverage is unlikely to shift into that environment. That segment of the market will remain offshore and will continue to drive sharp intraday swings. However, what moves onshore is the basis trade and other institutional strategies that rely on stable plumbing more than on extreme gearing. For years, hedge funds ran long spot and short futures positions with one leg in Chicago and one in the Caribbean, accepting substantial counterparty risk in exchange for higher yield. Anslem argued that “Americans were forced offshore” and that “billions vanished” when that risk crystallized. Under the new structure, much of that activity can migrate inside the US regulatory perimeter, trading off maximum leverage for capital protection and legal certainty. For large allocators, that trade-off is acceptable. As Bitcoin analyst Adam Livingston put it, the CFTC’s move is “the first time in American history that spot crypto markets will operate inside a fully federal regulatory framework.” In his view, that regulatory green light shifts Bitcoin from “interesting” to “allocatable” for pensions, insurers, asset managers, and banks, even if actual allocation will depend on internal risk policies and custody solutions. The post CFTC leverage ruling finally opens the door for $25 trillion giants to enter the crypto market appeared first on CryptoSlate.

The SEC's scrutiny of leveraged ETFs highlights regulatory challenges in balancing innovation with investor protection in volatile markets. The post ProShares abandons lineup of leveraged ETFs featuring Bitcoin, Ether, XRP, and Solana after SEC revision request appeared first on...

The collapse of Do Kwon's Terraform project caused losses that surpassed those by Sam Bankman-Fried's FTX, Celsius and OneCoin combined, the prosecutors argued.

The SEC's scrutiny of leveraged ETFs highlights regulatory challenges in balancing innovation with investor protection in volatile markets. The post ProShares abandons lineup of leveraged ETFs featuring Bitcoin, Ether, XRP, and Solana after SEC revision request appeared first on Crypto Briefing.

Federal prosecutors reserved the right to pursue up to 12 years for Terra founder Do Kwon in an August plea deal. Now, they’re seeking that maximum.

Poland’s parliament upheld a veto on the Crypto-Asset Market Act, delaying EU-aligned regulation and deepening divisions over security and innovation.

Federal prosecutors reserved the right to pursue up to 12 years for Terra founder Do Kwon in an August plea deal. Now, they’re seeking that maximum.

DOGE maintains consecutive lower highs and lower lows within a validated bearish channel.

Poland’s parliament upheld a veto on the Crypto-Asset Market Act, delaying EU-aligned regulation and deepening divisions over security and innovation.

Bitcoin Magazine Indiana Lawmakers Push Bill to Make State a Bitcoin Leader Indiana lawmakers are taking a bold step toward embracing bitcoin. A new proposal would let the state invest in digital assets like Bitcoin through regulated funds while blocking local governments from restricting crypto companies. The measure, House Bill 1042, reflects growing political and financial interest in crypto. Digital assets once seen as fringe now have backing from top U.S. leaders, including President Donald Trump, and major financial institutions. Congress also passed its first major crypto bill earlier this year. Indiana wants in. Lawmakers gave HB 1042 an early hearing as they juggle redistricting, signaling the issue is a top priority for Republicans. “Digital assets are quickly becoming part of everyday finances, and Indiana should be ready to engage in a smart, responsible way,” said bill author Rep. Kyle Pierce, R-Anderson. “This bill gives Hoosiers more investment choices while establishing guardrails and helping us explore how blockchain and digital asset technology can benefit communities across our state.” A cautious bitcoin and crypto approach The Indiana bill would let public investment funds gain exposure to digital assets, but only indirectly. It does not allow direct crypto purchases. Instead, it authorizes cryptocurrency exchange-traded funds, or ETFs. These funds track crypto prices and operate under federal oversight. ETFs offer more stability than holding tokens directly, but risks remain. The SEC has warned that crypto markets still lack strong safeguards and are vulnerable to fraud and manipulation. That concern surfaced in testimony from Tony Green, deputy executive director of the Indiana Public Retirement System. He said INPRS was neutral on the bill but would want clear disclaimers about volatility. He also noted members have shown little interest in crypto options. Under the bill, several major programs in Indiana must offer at least one crypto ETF. That list includes the 529 education savings plan, the Hoosier START plan, and retirement systems for teachers, public employees, and lawmakers. Other state funds would also gain authority to invest in crypto ETFs. The state treasurer could place assets in stablecoin ETFs as well. Guardrails and a task force The bill goes beyond investments. It would restrict how Indiana state agencies and local governments regulate digital assets. Pierce said the aim is fairness. The measure bars local rules that target crypto use, mining operations, or self-custody. It also protects private keys as privileged information. The proposal creates a Blockchain and Digital Assets Task Force. The group would study potential government and consumer uses of the technology. It would also recommend pilot projects across the state. Bitcoin is a national trend States are increasingly exploring crypto in pension funds and public accounts. The push comes as Bitcoin gains traction as a potential store of value for governments. Some federal proposals have even floated using Bitcoin reserves to offset national debt. Last week, Texas became the first U.S. state to purchase Bitcoin through a spot ETF, buying $5 million worth via BlackRock’s iShares Bitcoin Trust, according to Texas Blockchain Council President Lee Bratcher. The acquisition is the state’s first move under its new Strategic Bitcoin Reserve, created by legislation signed in June. Texas plans to eventually self-custody its BTC but used IBIT for the initial allocation while the procurement process continues. The purchase highlights rising state and institutional interest in Bitcoin as a reserve asset. Harvard University recently tripled its IBIT holdings to $442.8 million, while Emory University and Abu Dhabi’s Al Warda Investments have also boosted exposure. Texas had previously explored a Bitcoin reserve proposal that called for cold storage, resident donations, and annual audits. Meanwhile, New Hampshire approved a $100 million Bitcoin-backed municipal bond, the first of its kind globally, requiring borrowers to over-collateralize with BTC. At the time of writing, the bitcoin price is flirting with $90,000. This post Indiana Lawmakers Push Bill to Make State a Bitcoin Leader first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Dory, a Telegram-native concierge, improves communication management with AI features and privacy-focused operations using Phala's secure infrastructure. It offers chat management, AI insights, and user control, ensuring privacy through secure enclaves. Dory represents a significant advancement in managing Telegram...

Crypto majors were broadly lower, falling 2–4% with BTC down 2% at $91,400, ETH down 2% at $3,130, BNB down 2% at $893, and SOL down 4% at $136, while ZEC (+4%) and TRX (+2%) led the day’s top movers. BlackRock CEO Larry Fink said sovereign wealth funds have been steadily accumulating Bitcoin, adding that they “bought more” as BTC declined from $126K into the $80K range to build long-term positions. The IMF warned that rising stablecoin adoption could weaken central bank control in a new report examining currency substitution and monetary sovereignty risks. Solana and Coinbase’s Base network were linked through a new bridge secured by Chainlink and Coinbase infrastructure. The CFTC also approved spot crypto trading on CFTC-registered exchanges, with Bitnomial set to debut first. In the U.K., Reform UK received the country’s largest-ever political donation from a living donor—an $11.4M contribution from a Tether-linked investor. Meanwhile, recent research indicated that the ~$4B in Bitcoin ETF outflows seen in October–November stemmed primarily from leveraged basis-trade unwinds across major funds rather than investor panic.

A sentencing recommendation said that Do Kwon had caused more losses than Sam Bankman-Fried, Alex Mashinsky and Karl Sebastian Greenwood combined.

A sentencing recommendation said that Do Kwon had caused more losses than Sam Bankman-Fried, Alex Mashinsky and Karl Sebastian Greenwood combined.

US prosecutors recommend a 12-year prison sentence for Terraform Labs co-founder Do Kwon, emphasizing accountability in the crypto industry after the Terra-LUNA collapse. The post Do Kwon Faces 12-Year Prison Term: US Prosecutors Push for Maximum Sentence in Terra-LUNA...

Softer than expected private inflation data did spark some hope that the Friday decline could reverse.

U.S. spot Bitcoin ETFs gave back nearly all of their 2025 gains after hitting a cycle high in early October, with total net assets sliding to $120.68 billion as of Dec. 4, down $48.86 billion from the Oct. 6 peak. The drawdown leaves the category essentially flat year-over-year, sitting just $30 million below the $120.71 billion recorded on Dec. 16, 2024, emphasizing a “wipeout” year in which big price-driven swings failed to translate into sustained net growth for the ETF complex. US spot Bitcoin ETF AUM peaked at $169.5B on Oct 6 and fell to $120.7B by Dec 4. The year-to-date flow picture diverged from the asset figure. 2025 net creations totaled $22.32 billion through Dec. 4, yet the October-to-December price drawdown in bitcoin cut fund assets back to where they were a year ago. Since Oct. 6, cumulative net outflows totaled $2.49 billion, a small share of the $48.86 billion in AUM decline, with the residual move attributable to price and unrealized profit and loss. That mix frames a year in which issuance demand continued, while BTC’s late-year retracement erased the asset’s gains recorded into early October. Second-quarter creations reached $12.80 billion, and third-quarter creations added $8.79 billion, while fourth-quarter creations turned marginally negative through Dec. 4 at $0.20 billion in net redemptions. The latest 30-day window showed $4.31 billion of net outflows, indicating that Q4 cooled after a strong middle part of the year. Even after the fourth-quarter slowdown, cumulative net inflows since launch stood at $57.56 billion, stressing that the structural base of issued shares remains above the level implied by price alone. +$57.6B cumulative creations; structural demand persisted despite year-end price hit. The gap between actual AUM and a flow-only counterfactual since Oct. 6 illustrates the dynamic. Starting from the $169.54 billion peak and mechanically adding only daily creations and redemptions yields a path that would have kept assets near that starting point, while the observed line fell with BTC’s drawdown. Counterfactual adds only net creations/redemptions from the peak; gap to actual is price/PnL. The difference between those two paths, shown in the “AUM vs flow-only” analysis, quantifies the price or PnL component that drove the decline. By the same logic, comparing today’s AUM to the Dec. 16, 2024 anchor with cumulative 2025 inflows isolates the past year’s attribution, where positive flows were offset by negative price marks, leaving assets near flat. Positive 2025 flows offset by negative price marks to YoY AUM ≈ flat. Investors focused on fund health will parse the spread between flows and performance to assess resilience, liquidity, and potential supply overhang in the primary market. The positive 2025 flows mean authorized participants created shares net across the year, so the product set did not suffer broad redemption pressure until late in the year. Price, not redemptions, explains most of the AUM reset from the October high. That matters for secondary market conditions because persistent outflows would point to different dealer balance sheet loads and secondary spreads than a price-led move with stable share counts. The “nothingburger” year-over-year comparison is specific to the chosen dates, which center on the latest valid row in the dataset and the prior mid-December reference. As of Dec. 4, total assets came in only $30 million below the Dec. 16, 2024, reading, a rounding-level change for a product suite that scaled above $120 billion. The interpretation, for readers tracking structural adoption via creations, is that a flat YoY AUM print does not imply negligible demand. It reflects that the fourth-quarter price decline countered earlier inflows. The datasets and charts included, spanning total AUM, daily flows, and cumulative inflows since launch, align with this decomposition. The intra-quarter shift is visible in the daily series. Through the spring and summer, creations clustered on strong price days, then waned into the fall. After Oct. 6, redemptions increased, and the 30-day net flow turned negative in early December. The magnitude remained modest relative to the total, at $2.49 billion in net outflows over the period, reinforcing the mechanical point that the AUM slide since the peak was primarily a function of mark-to-market. Q2/Q3 strong creations; Q4 cools and turns modestly negative. Below are the core figures referenced for clarity. Metric Value Date / Period Total AUM $120.68B Dec. 4, 2025 AUM peak $169.54B Oct. 6, 2025 Change since peak −$48.86B (−28.82%) Oct. 6 to Dec. 4, 2025 YoY AUM $120.71B → $120.68B Dec. 16, 2024 to Dec. 4, 2025 2025 YTD net flows +$22.32B Through Dec. 4, 2025 Flows since Oct. 6 −$2.49B Oct. 6 to Dec. 4, 2025 Cumulative net inflows since launch +$57.56B Through Dec. 4, 2025 Latest 30-day net flows −$4.31B Through Dec. 4, 2025 Quarterly flows Q1 +$0.93B, Q2 +$12.80B, Q3 +$8.79B, Q4 to date −$0.20B 2025 For context and reproducibility, AUM corresponds to total net assets in USD, and flows correspond to the daily total BTC inflow. The simple attribution of the AUM change from Oct. 6 to Dec. 4 equals net flows over the interval plus a price or PnL term. Using that decomposition, the $48.86 billion decline approximates to $2.49 billion of net outflows and about $46.37 billion of price or PnL. The total AUM chart shows the October crest and the subsequent fade into December, the daily flows chart shows Q2 and Q3 strength with Q4 softness, and the cumulative net inflows chart confirms that creations remain positive since launch. As framed, the headline takeaway is that 2025 brought positive issuance, while the October retracement in BTC capped the year with assets near last December’s level and well below the early October peak. The post How Bitcoin ETFs lost a whole year of inflows – now down $48B since October appeared first on CryptoSlate.

GoPlus Security's revenue success highlights the growing importance of token utility in enhancing Web3 security infrastructure and services. The post GoPlus Security generates $4.7M in revenue with GPS token utility appeared first on Crypto Briefing.

Der Bundesblock erweitert das Gremium um sechs zusätzliche Mitglieder, um die Interessen der Branche 2026 noch schlagkräftiger zu vertreten. Source: BTC-ECHO BTC-ECHO

Citadel Securities is the latest financial firm to argue against loosening rules that have stymied integration of traditional markets with crypto.

After the brutal past couple of months, the crypto community welcomed December with open arms, but its first day brought nothing but pain before the market-wide structure finally improved. But before we head into detail for the December 1 sudden crash, let’s first quickly recap what took place before that. Recall that bitcoin began its substantial correction after the ATH in early October, but the worst occurred in November when the bears had complete control of the market for weeks and drove it to a seven-month low of under $81,000 on November 21. The asset bounced and flirted with $90,000 before it finally reclaimed that level at the end of the month. However, as mentioned above, December 1 brought another immediate and violent nosedive, in which BTC’s price tumbled in a matter of hours from around $91,000 to under $84,000. Nevertheless, the bulls were alert this time and didn’t allow another retest of the $80,000 support. In fact, bitcoin rebounded almost as quickly and even surged to $94,000 on a couple of occasions during the business week. The overall market weakness, though, turned out to be too solid at the moment, and BTC was rejected there. It has lost over three grand since then and now sits at around $90,000, which actually means that it’s slightly in the red weekly. The community’s attention has now turned to next week’s FOMC meeting, the last for the year, in which the US Federal Reserve will make its highly anticipated interest rate move. The probability for another 25 bps reduction stands at over 90% at Polymarket, which could be bullish for BTC and riskier assets. Nevertheless, the weekly scale is quite painful for most altcoins. XRP is down by over 6%, HYPE has plunged by 12%, while ZEC has lost its momentum and has dumped by almost 20%. Market Data Cryptocurrency Market Overview Weekly. Source QuantifyCrypto Market Cap: $3.180T | 24H Vol: $116B | BTC Dominance: 57.1% BTC: $90,400 (-1.2%) | ETH: $3,090 (+2%) | XRP: $2.06 (-6.2%) This Week’s Crypto Headlines You Can’t Miss Vanguard ‘Finally Caves’ Allowing Crypto ETF Trading For 50M Clients. After years and years of criticizing the industry or ignoring it at best, the world’s second-largest asset manager decided to allow its 50 million client base to trade exchange-traded and mutual funds tracking Bitcoin and “select other cryptos” on its platform. Fusaka Hard Fork Goes Live On Ethereum with Massive Data Availability Boost. The other notable development in the cryptocurrency industry in the past week was the successful activation of Ethereum’s Fusaka Hard Fork. The update, which led to an immediate price increase of the underlying asset, is designed to improve data availability and scalability across the network. Ripple (XRP) ETFs Reign Supreme as Total Inflows Surpass Bitcoin, Ethereum Funds. It’s been a few short weeks since US investors received the opportunity to trade spot XRP ETFs, but the initial numbers are quite impressive. The financial vehicles are on a 14-trading-day green streak, and they have outperformed their BTC, ETH, and SOL counterparts in the meantime. Strategy Boosts Its Bitcoin Stack to 650,000 BTC as Price Falls Below $85K. Aside from announcing another BTC purchase, which brought its total stack to 650,000 units, Saylor’s Strategy also established a USD Reserve worth $1.44 billion to “support the payment of dividends on its preferred stock and interest on its outstanding indebtedness.” CZ vs. Peter Schiff: Who Dominated the Bitcoin vs. Gold Battle in Dubai? Crypto X anticipated this gold-vs-bitcoin debate during the Binance Blockchain Week conference this week, in which Peter Schiff and Changpeng Zhao engaged in a verbal battle, each defending their preferred investment asset. The majority of users commented below the countless videos online that CZ got the upper hand. Tom Lee Forecasts Ethereum Rally to $20K on 2026 Tokenization Boom. After completing a few more multi-million-dollar ETH purchases in the past week or so, Tom Lee doubled down on his big price predictions for the asset, claiming that it could rocket to $20,000 next year. Charts This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis. The post BTC Steadies at $90K, Vanguard Joins the Crypto Craze, ETH Fusaka Hard Fork Activated: Your Weekly Recap appeared first on CryptoPotato.

The expiration of these options could lead to increased market volatility and influence trading strategies in the cryptocurrency sector. The post $4B in Bitcoin and Ethereum options set to expire appeared first on Crypto Briefing.

The alleged mastermind behind the $243M Gemini hack has been captured in Dubai, bringing closure to victims and highlighting global efforts against crypto crime. The post Gemini Hacker Apprehended in Dubai: A Landmark for Crypto Security and Global Justice...

Bybit, the world’s second-largest crypto exchange by trading volume, has released its November 2025 performance update for its Private Wealth Management division.

Bybit, the world’s second-largest crypto exchange by trading volume, has released its November 2025 performance update for its Private Wealth Management division.

LeedMiner integrates global hosting resources and intelligently matches miners with the most suitable, low-cost, and compliant hosting facilities worldwide. #partnercontent

In an industry that thrives on noise and chaos, Cardano is betting its future on a “quiet” hard fork and improved coordination among its leading internal stakeholders. The blockchain network is preparing to execute a technical upgrade engineered to be virtually invisible to the market. Known as Protocol Version 11, the “no new era” hard fork is a deliberate departure from the spectacle-driven upgrades that have become the standard in the crypto sector. Instead of launching a new roadmap phase, developers are focusing on tightening the ledger and resolving operational risks. This technical “quiet reset” coincides with a sweeping organizational overhaul led by founder Charles Hoskinson. Facing stagnant growth metrics and a fragmented leadership structure, Hoskinson is pushing to consolidate Cardano’s disparate entities under a single executive function dubbed the “Pentad.” The move aims to inject commercial discipline into the decentralized network, giving it a unified voice to compete with Ethereum and Solana. A low-drama fix The upcoming hard fork, which keeps the network within the current “Conway” era, is designed to minimize disruption. There will be no new ledger version and minimal integration costs for exchanges or wallet providers. However, the upgrade is critical for shoring up network resilience following a rare stumble last year. In November, a malformed delegation transaction triggered a chain split that fractured the network. While no funds were lost, the incident served as a wake-up call for governance leaders and developers. It showed that operational clarity and deterministic behavior had become more valuable to the network’s survival than raw throughput speed. In response, the Protocol v11 fork “introduces refinements, fixes, optimisations, and new features that do not require an era transition.” The upgrade includes stricter enforcement of unique Verifiable Random Function (VRF) key hashes and input rules for Plutus V1/V2. Faster scripts, cheaper DeFi While the upgrade is billed as a maintenance patch, it introduces significant performance enhancements under the hood. Protocol v11 grants developers access to new built-in primitives for arrays, modular exponentiation, and multi-asset values. Most notably, the fork enables BLS12-381 multi-scalar multiplication. This cryptographic standard is foundational for zero-knowledge proofs and cross-chain attestations, critical components for linking Cardano to other blockchains and institutional systems. Benchmarks from the Plutus development team suggest these changes will yield double-digit gains in deserialization speed. If decentralized exchanges (DEXs) and lending protocols integrate these new primitives, transaction costs for complex contracts could drop significantly. While modest in isolation, these savings are expected to compound across thousands of transactions, improving the overall user experience. The ‘Pentad’ The technical refinements are merely the substrate for a larger political restructuring. On Dec. 1, Hoskinson proposed unifying the “Pentad,” which comprises the Cardano Foundation, Emurgo, Input Output Global (IOG), the Midnight Foundation, and Intersect, into a cohesive executive body. Historically, these entities have operated with distinct mandates: the Foundation handled outreach, Emurgo led commercialization, and IOG focused on research. Hoskinson argued that the lack of a central strategy often left the ecosystem unable to negotiate large-scale deals or coordinate effectively. He noted: “It’s kind of like collective bargaining. If we’re divided, we get divided and conquered. Together, we can negotiate, sign deals, and actually get things done.” The proposed model outlines a two-phase approach. The initial “try before you buy” phase will see the five entities collaborate to deliver core infrastructure missing from the ecosystem, such as stablecoins, bridges, and oracles. Success will be measured on a strict pass-fail basis. If successful, the group will transition to a second phase focused on a unified growth strategy to expand Cardano’s DeFi footprint. Why Cardano needs these moves The urgency for this restructuring stems from market realities that have been challenging for Cardano. Despite its high profile, Cardano’s on-chain metrics lag behind its peers. According to DeFiLlama data, the network’s Total Value Locked (TVL) sits below $700 million, far off its 2021 highs, while daily active addresses hover around 20,000. ADA, the native token, trades near $0.45, moving essentially in lockstep with macro sentiment rather than responding to protocol developments. To bridge the gap between engineering output and economic impact, the Pentad plans to implement a targeted stimulus package. The strategy involves identifying the top 10-15 decentralized applications (dapps) and treating them as “showcases.” By improving funding and technical support for these projects, the network hopes to boost transaction volume and secure listings on major exchanges. The Pentad also intends to establish official Key Performance Indicators (KPIs). Future budgets would be linked to tangible improvements in ecosystem health, such as monthly active users and TVL growth. These metrics would be ratified through on-chain “info actions,” effectively creating a performance-based governance system. The long View Cardano’s shift presents a stark contrast to the broader crypto market, where competitors like Solana and Ethereum frequently advertise major named upgrades and aggressive roadmap shifts. The Hoskinson-led network’s choice to pursue smaller, continuous improvements may appear conservative, but proponents argue it builds a “rhythm of reliability” absent elsewhere. Hoskinson contends that patience remains an asset. He points to upcoming initiatives like Midnight, a privacy-focused sidechain designed to open institutional channels, and a new “RealFi” protocol targeting off-chain yield, as evidence of a diversified future. Considering this, he stated: “There’s no reason we can’t have exponential growth. It comes down to whether the cooperation, governance, and coordination are right.” The post Cardano is executing a “silent reset” after a critical ledger error nearly fractured the network in November appeared first on CryptoSlate.

BlackRock's crypto asset transfers to Coinbase Prime underscore the growing institutional reliance on secure platforms for digital asset management. The post BlackRock transfers $120M in Bitcoin, $2.5M in Ethereum to Coinbase Prime appeared first on Crypto Briefing.

SpaceX's Bitcoin move highlights growing corporate adoption of crypto custody solutions, underscoring the importance of secure asset management. The post SpaceX moves $100 million in Bitcoin, possibly for custody arrangements appeared first on Crypto Briefing.

ChatGPT competitor Gemini AI, developed by Google, has issued an incredible forecast for Ripple (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB), along with a stark warning for investors. These leading altcoins could be set for a highly volatile December. Gemini projects sharp price swings for all three assets as 2025 comes to a close. The broader crypto market has begun its slow recovery after a heavy correction phase triggered by heavy Bitcoin sell-offs. BTC USD dropped to $82,000 on November 30, its lowest level in eight months, and dragged the entire market down with it. Despite this turbulence, long-term sentiment in the industry remains largely positive, supported by ongoing innovation and increasing real-world use cases. Bitcoin .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Bitcoin BTC $89,506.24 0.57% Bitcoin BTC Price $89,506.24 0.57% /24h Volume in 24h $21.43B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more has since recovered and reclaimed $90,000, a key level for the leading digital asset. It is now trading between $90,500 and $94,000, preparing to move back above $100,000 before the year is out. The following is from Gemini AI, offering price analyses for XRP, DOGE, and SHIB. Market Cap 24h 7d 30d 1y All Time XRP: Potential Range Between $1.80 and $5.00 Gemini AI’s outlook may look bearish on the surface, suggesting XRP could decline by 12% from its current price of $2.05 to $1.80 if investor caution persists. This would contrast sharply with XRP’s strong performance earlier in the year, including its surge to $3.65 in July following Ripple’s legal victory over the SEC. Technical indicators show XRP’s RSI recovering to 40 after briefly dipping into oversold territory. The asset is currently down -5% in the past 24 hours, with a daily trading volume of $3.28Bn. XRP has a market cap of $124Bn, making it the fourth largest digital asset by market cap, according to CoinGecko. In a more optimistic scenario, Gemini AI believes the XRP price could rise to $5 in December. The SEC’s recent approval of nine spot XRP ETFs could attract significant institutional inflows, mirroring the early reactions to Bitcoin and Ethereum ETF launches. Additional ETF approvals are also expected in the coming weeks. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Dogecoin: Possible Drop to $0.10 or Rally Toward New Highs $DOGE is holding strong above its key support zone & this is exactly where previous rallies have started.$DOGE has push toward mid-range levels with a potential breakout toward $0.18 if momentum picks up. This is the phase where quiet accumulation usually turns into next leg up pic.twitter.com/fstUpCSW9P — BitGuru (@bitgu_ru) December 5, 2025 Dogecoin, which commands nearly half of the $46Bn memecoin market and is currently valued at $22Bn, has seen its momentum weaken after forming multiple bullish patterns earlier this year. Gemini AI’s worst-case scenario predicts a fall to $0.10, a 25% correction from the current level of $0.14. Dogecoin’s all-time high of $0.7316, set in May during the 2021 bull market, remains, while its long-discussed $1 target is ever elusive. However, Gemini AI’s bullish case sees DOGE climbing to $0.85, which would mark a new all-time high and deliver up to 6× returns for buyers at these levels. Real-world adoption continues to expand, with Tesla accepting DOGE for merchandise and major payment platforms like PayPal and Revolut integrating DOGE transfers. Whether DOGE .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Dogecoin DOGE $0.1398 0.63% Dogecoin DOGE Price $0.1398 0.63% /24h Volume in 24h $631.96M ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more can finally reach that $1 pinnacle remains to be seen. Still, an increase in appetite for memecoins, led by a Fed rate cut later this month, could see Dogecoin surge heavily into the yearly close. Shiba Inu: Up to 15× Upside if Key Levels Breakout (SOURCE: TradingView) Shiba Inu, valued at around $4.9Bn, is down -3.5% overnight, in tandem with the broader market that has seen a slight retracement following a bullish resurgence over the past week. SHIB currently trades at around $0.0000084, with $123M in daily trading volume. Google’s Gemini AI forecasts a year-end target of between $0.000077 and $0.0001 if SHIB can sustain a push above the critical $0.000025 resistance. Such a move would imply potential gains of up to 12–15×. SHIB is down -90% from its all-time high of $0.00008616, which came in October 2021, during the last bull run. It was at this time that Shiba Inu burst onto the scene as a true competitor to DOGE. The bearish outlook for SHIB is comparatively mild. In a weaker market, Gemini AI expects the token to trade sideways and close the year near its current price, which would be good news for the Shiba Inu community. The Shiba Inu ecosystem continues to expand rapidly, fueled by the Shibarium Layer-2 network, which offers reduced fees, faster transactions, improved development tools, and enhanced privacy features, giving SHIB more utility than typical meme tokens. Overall, while the Gemini AI predictions for XRP, DOGE, and SHIB do come with some warnings of volatility and serious downside, the upside forecasts by Google’s AI bot are extremely bullish and will be welcome reading for members of each token’s respective communities. EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Gemini AI Predicts Volatile December for XRP, Dogecoin, and Shiba Inu Investors appeared first on 99Bitcoins.

Crypto holders may now have an easier time acquiring mortgages after William Pulte's new direction on using crypto in mortgage applications. #partnercontent

Italy’s Consob says VASPs must obtain MiCA-compliant CASP authorization by Dec. 30, 2025, or cease Italian operations, return client assets, and clearly communicate exit or compliance plans. Italy’s financial market regulator has directed cryptocurrency providers to secure authorization under Europe’s…

What’s happening with Web3 after the White House Crypto Summit? David Sacks, the Trump administration’s AI and Crypto Czar, is being accused of helping formulate policies that aid his Silicon Valley friends and many of his own tech investments. Earlier in the year, Sacks and President Donald Trump unveiled a sweeping AI Action Plan drafted in part by Sacks himself, surrounded by executives from Nvidia, AMD, and a gallery of Silicon Valley allies who stood to benefit from the policy shift. What the audience witnessed was not just a policy rollout, but direct collusion, according to NYT investigators. Here’s what to know and how this could hurt crypto: “The tech bros are out of control.” – Steve Bannon DISCOVER: 20+ Next Crypto to Explode in 2025 What’s Next After White House Crypto Summit? Conflict Concerns Grow as Sacks Influences Policy (Source: TradingView) A New York Times analysis shows Sacks has 708 tech investments, including at least 449 in AI-adjacent firms. Many of these companies directly benefit from his policy guidance, but his filings list them generically as “software” or “hardware,” even when the firms brand themselves as AI-first businesses. Umm, how? Wouldn’t hundreds of AI and crypto investments be a direct conflict of interest for a public advisor? Sacks received ethics waivers in March after pledging to divest certain crypto and AI holdings. Yet the filings do not show when assets were sold or what he still owns, making it impossible to determine whether his government role has delivered personal gain. Another example of the real divide in America between the rich and the rest. Trump’s crypto czar billionaire David Sacks has investments in over 400 companies that stand to benefit from policies he advances. pic.twitter.com/WqntPzzQDr — Moe Davis (U.S. Air Force, Retired) (@ColMoeDavis) November 30, 2025 The ethical tension peaked when Sacks’s podcast, All-In, attempted to charge $1 Mn per sponsor for access to a private reception with Trump during the July AI summit. Senior officials intervened to block the arrangement. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 The AI and Crypto Boom: Winners, Policy Risks, and National Security Whiplash Sacks has championed deregulation that opens an estimated $200 billion market opportunity for chipmakers and AI developers, according to NYT reporters. Some proposals reportedly ran counter to national security advice, prompting internal concern about whether Sacks’s policy compass points toward the country or the industry. At the same time, Silicon Valley’s influence has soared under Trump. Nvidia and AMD executives flanked the president as he announced accelerated permitting for AI infrastructure and incentives for domestic chip capacity. (Source: CoinGecko) Sacks’s crypto portfolio is only part of the story. The White House’s broader pro-Bitcoin stance faced turbulence this week after American Bitcoin (ABTC), a Hut 8 subsidiary backed by Trump-aligned investors, plunged 35 to 50% during a violent selloff. The decline was driven by a large lock-up expiry that released previously restricted shares from its pre-merger financing. Heavy selling hit a thin float, creating ten times the usual trading volume and repeated halts. Reuters reported that Donald Trump Jr., Eric Trump, and Hut 8 executives did not sell into the drop, though that did little to slow the liquidation cascade. As it stands, AI and crypto are having a bumpy end to a mostly stagnant market in 2025. EXPLORE: Elon Musk Crypto: What Crypto to Buy Now On The Dip? Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways What’s happening with Web3 after the White House Crypto Summit? David Sacks, the Trump administration’s AI and Crypto Czar, is in hot water. As it stands, AI and crypto are having a bumpy end to a mostly stagnant market in 2025. The post White House Crypto Summit: David Sacks’s New Corruption Scandal appeared first on 99Bitcoins.

DeepNode raises $5M to build a decentralized AI network on Base, using PoWR to reward useful AI models across sectors like healthcare, fraud detection, and crypto trading. DeepNode, a decentralized artificial intelligence network, announced it has raised $5 million across…

Dubai, United Arab Emirates, December 5th, 2025, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, showcases the latest monthly performance update of its Private Wealth Management (PWM) division, with the top-performing fund recording 29.72% APR in November 2025. With wild swings across markets in the past month, Bybit PWM continued to deliver robust returns for high-net-worth clients with a disciplined, multi-strategy, and data-informed approach. Performance Highlights In the latest Bybit PWM newsletter for November 2025, Bybit PWM demonstrated consistent strength across its portfolio: USDT-based strategies: Average APR of 9.8% BTC-based strategies: Average APR of 18.09% “Our clients depend on us to navigate volatile market conditions while maintaining focus on long-term wealth creation,” said Jerry Li, Head of Financial Products & Wealth Management at Bybit. “The November results demonstrate that disciplined, professional wealth management can deliver consistent returns and help our customers rise above market sentiments and distractions.” Fig. Bybit PWM Strategy Return Trend Source: Bybit Private Wealth Management November 2025 newsletter Fund performance was calculated using Time-Weighted Return (TWR) methodology with assets aligned as of October 25, 2025, and benchmarked against funding arbitrage performance. Bybit PWM provides high-net-worth clients with exclusive, customized wealth management services tailored to the unique demands of digital asset investors. The platform offers: Bespoke investment strategies and asset allocation Professional risk management and portfolio oversight Access to curated private funds and Bybit’s institutional-grade trading infrastructure Dedicated relationship management and expert guidance For details of Bybit PWM’s September performance, users may visit: Bybit Private Wealth Management: November 2025 Newsletter Bybit PWM is currently offering a special year-end opportunity for our eligible VIP clients. For a limited time, the minimum subscription requirement for the PWM solution has been halved to 250,000 USDT. Qualified investors interested in exploring Bybit Private Wealth Management services may visit: Bybit Private Wealth Management #Bybit / #TheCryptoArk / #IMakeIt About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube Contact Head of PRTony AuBybittony.au@bybit.com

Negative comments about Ripple’s XRP token across social media have reached their highest point in over a month. This wave of doubt has hit at a time when the asset’s price is struggling, and is down roughly 31% over the last two months, despite strong institutional demand for its new spot ETFs. Historical data suggests such extreme pessimism has often come right before short-term price jumps for the token. Market Sentiment Reaches a Potential Turning Point According to the latest data collected by social analytics platform Santiment, social media fear, uncertainty, and doubt (FUD) surrounding XRP has hit its most intense level since October. The firm’s methodology tracks the ratio of bullish to bearish comments across platforms like X, Reddit, and Telegram, and it noted that the last time a similar level of negative sentiment was observed was on November 21. Following that date, XRP’s price jumped 22% over the next three days before the advance stopped. This pattern matches a known market principle where prices sometimes move opposite to prevailing crowd psychology, setting the stage for a potential counter-trend bounce. This gloomy social mood also contrasts sharply with positive on-chain and institutional signals, with recent data showing the XRP Ledger’s Velocity metric, which tracks how frequently the token changes hands, reaching a yearly high. Analysts say that this means there’s a major increase in economic activity and liquidity on the network. Furthermore, as reported previously, U.S. spot XRP ETFs have seen net inflows for 13 consecutive trading days since their mid-November launch, attracting nearly $900 million in total. These funds have outperformed their Bitcoin and Ethereum counterparts over the same period. A Technical and Historical Perspective From a chart perspective, analysts are watching a key resistance level around $2.28. According to them, a sustained break above this price could open a path toward $2.75. The asset is currently trading around $2.09, having fallen over 4% in the past 24 hours and nearly 8% over the last month. Some technical observers have also pointed to similarities between the current setup and patterns seen in 2016-2017, before XRP’s historic bull run. They noted that momentum indicators like the Stochastic RSI on weekly charts are in oversold territory, a condition that has sometimes marked the end of recent downturns. Whether the current negative sentiment acts as a contrarian catalyst or simply reflects deeper issues remains the key question. The asset is trading more than 40% below its all-time high of $3.65, set in July 2025. The post XRP Social Metrics Hit October Lows: Why Is That Bullish for Ripple’s Price? appeared first on CryptoPotato.

[PRESS RELEASE – Dubai, United Arab Emirates, December 5th, 2025] Decentralized AI infrastructure startup closes seed and strategic rounds as it accelerates toward mainnet launch. DeepNode, a decentralized artificial intelligence network aiming to democratize AI development, has successfully raised $5 million across two funding rounds: a $2 million seed round at a $25 million valuation and a subsequent $3 million strategic round at a $75 million valuation.​ The funding represents a significant milestone for the project, which is positioning itself as the infrastructure for “open intelligence”, a network where AI developers, compute providers, and validators can collaborate and earn rewards without relying on centralized tech giants.​ Community-First Seed Round DeepNode’s seed round included participation from community members, with support from key network validators such as WildSageLabs from RoundTable21 and Rizzo from DNA, as well as infrastructure partner Gateway.FM. What makes this raise truly special is that it was driven by our community. The validators, miners, and early adopters pushing decentralized AI forward – the company stated in its announcement on X. The approach signals DeepNode’s commitment to building what it calls a “community-first” ecosystem, where those who will actually operate the network infrastructure have early ownership stakes.​ Strategic Round Brings Global Infrastructure Investors The strategic round was led by a consortium of Web3 and AI infrastructure investors, including Blockchain Founders Fund, Side Door Ventures, TBV, IOBC Capital, Fomo Ventures, and Nestoris. These investors bring expertise spanning enterprise integrations, operational scaling, and go-to-market support.​ For the DeepNode team, the strategic backing represents more than capital; it’s validation of the decentralized intelligence thesis. The investors have track records in Web3 infrastructure and understand how decentralized systems can reshape industries and digital economies.​​ Building the Multi-Tool for AI DeepNode differentiates itself from other decentralized AI projects through what it calls a “multi-tool” approach. Rather than focusing solely on large language models or a single use case, the platform is designed to handle any predictive or decision-making task across multiple industries. From healthcare diagnostics to fraud detection to crypto trading and more.​ The network operates using a novel Proof-of-Work Relevance (PoWR) consensus mechanism that rewards AI contributions based on actual utility rather than just computational output. Models compete and evolve based on real-world performance, with contributors earning emissions for valuable work.​ Infrastructure Development and Long-Term Planning DeepNode is building on Base, an Ethereum Layer-2 network, to leverage Ethereum’s security while maintaining transaction costs below $0.01. The company plans to launch its mainnet by the end of Q1 2026, with foundation-supported domains already in development across multiple verticals. The combined funding will support DeepNode’s multi-year roadmap to develop an open intelligence network. According to the team, the network aims to enable builders to retain intellectual property rights, allow contributors to earn based on performance, and provide enterprises with private participation options while leveraging shared network effects. Backed by a mix of ecosystem participants and strategic investors, DeepNode is pursuing a model of AI development that emphasizes collaboration, transparency, and contributor ownership. About DeepNode DeepNode is the infrastructure for open intelligence. A decentralized AI network where developers, validators, and compute providers collaborate, own their IP, and earn rewards for providing real-world utility via Proof-of-Work Relevance (PoWR). Built on Base for low-cost scalability, mainnet launches in 2026, powering predictions across healthcare, finance, trading, and beyond. The post DeepNode Secures $5 Million Across Seed & Strategic Rounds to Build Open Intelligence Network appeared first on CryptoPotato.

Lee echoed his comments from an earlier interview, opining that there is no longer a four-year cycle and Bitcoin will make new highs in early 2026, speaking at this week’s Binance blockchain conference in Dubai on Thursday. He added that BTC will mirror the performance of the S&P 500 US stock index next year and predicted a price high of $300,000. If that’s the case, “I think Ethereum is lights out,” he said before adding a more outlandish price prediction. “In the next year it [ETH] could be over $20,000.” Tom Lee at Binance Blockchain Week: 2026 Outlook – S&P breakout – Bitcoin $300k – Ethereum $20k Supercycle is loading.. $BTC $ETH $BMNR pic.twitter.com/KGVvDZrnve — SamAlτcoin.eth (@SAMALTCOIN_ETH) December 4, 2025 The Bigger The Base, The Bigger The Breakout Lee also reiterated the notion that Wall Street is starting to tokenize securities, and most of this is being done on Ethereum. The network currently has more than 70% market share of real-world asset tokenization value when layer-2s and EVM platforms are included, according to RWA.xyz. He also pointed out that Ether has been rangebound for five years, but it has begun to break out. The bigger the base, the bigger the breakout, he said, explaining why he turned BitMine into an ETH treasury company. “I think Ethereum is going to become the future of finance, the payment rails of the future, and if it gets to 0.25 relative to Bitcoin, that’s $62,000. Ethereum at $3,000 is grossly undervalued.” Tom Lee says the setup for Ethereum is simple: “The bigger the base, the bigger the breakout” ETH spent years building the same kind of base it had before the move from $90 → $4,866 If the pattern repeats, the next leg could be far larger than people expect (Shared at… pic.twitter.com/aMBWwLyZ0J — Tom Lee Tracker (Not actually Tom) (@TomLeeTracker) December 4, 2025 BitMine is putting its money where its mouth is with another Ether purchase, bringing the number of buys to four this week alone, according to Lookonchain on Friday. The firm scooped another 41,946 ETH worth $131 million on Thursday, it reported. Although the buys have not been officially confirmed, BitMine appears to have purchased more than $350 million worth of the asset this week. Is ETH Ready For a Pump? Analyst ‘Sykodelic’ echoed the bullish sentiment, stating on Thursday that “ETH looks ready to push much higher.” “In the last five years, every single time the 1-day RSI has gone from overbought down to oversold, and then broken the trend, it has pumped a minimum of 45%. That takes us to $4,300.” Ether was trading at $3,170 during the Friday morning Asian session after failing to break resistance at $3,200 yesterday. The asset has gained 13% over the past fortnight, recovering from its double dip below $3,000, and appears to be forming a W-shaped bottom. The post Tom Lee Forecasts Ethereum Rally to $20K on 2026 Tokenization Boom appeared first on CryptoPotato.

21Shares on Thursday, Dec. 4, listed a new exchange-traded fund (ETF) offering the first-ever leveraged exposure to Sui (SUI) on the Nasdaq. The fund, called TXXS, was recently approved by the U.S. Securities and Exchange Commission (SEC) and gives traders double the daily price movement of Sui without holding the token directly.The ETF is the first product of its kind tied to the Sui ecosystem and arrives as the SEC continues reviewing 21Shares’ separate application for a spot Sui ETF, the firm said in an announcement.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Solana and Base are now connected thanks to a new bridge secured by Chainlink's interoperability protocol and crypto exchange Coinbase.

Bitcoin Magazine Bitcoin Treasury Twenty One Capital to Start Trading on NYSE Next Week With $4 Billion BTC Treasury Bitcoin treasury firm Twenty One Capital will start trading on the New York Stock Exchange on December 9. The company will use the ticker symbol XXI. Twenty One Capital is the result of a merger with Cantor Equity Partners (CEP). CEP shareholders approved the deal, clearing the way for the transaction to close around December 8. The merged entity will operate under the Twenty One Capital name. The company will launch with about 43,514 BTC. At current prices, that is roughly $4 billion. This will make Twenty One Capital the largest BTC treasury company listed on the NYSE. Globally, it will be the second-largest corporate BTC holder after Strategy. The firm was first announced in April as a joint venture between Tether, Bitfinex, SoftBank, and Cantor Fitzgerald. The name refers to Bitcoin’s total supply of 21 million coins, of which about 19.95 million have been mined. Jack Mallers, CEO and co-founder of Twenty One Capital, posted on X, “Game on. See you at the NYSE on Tuesday.” In July, the company added 5,800 BTC from Tether to its treasury. Combined with initial holdings, Twenty One Capital will hold more than 43,000 BTC at launch. The firm plans to continue growing its BTC holdings as part of its core strategy. Pre-merger, Cantor Equity Partners raised $585 million through Private Investment in Public Equity (PIPE) financing. Twenty One Capital also sold $100 million in convertible notes. Part of these funds were used to increase the Bitcoin treasury. Direct bitcoin exposure on Wall Street Twenty One Capital’s model focuses on giving investors direct exposure to BTC through its corporate balance sheet. The company will introduce a metric called Bitcoin Per Share. It shows the amount of BTC held per share. The measure relies on on-chain proof-of-reserves. This gives investors a verifiable reference to track Bitcoin holdings in real time. The company aims to differentiate itself from other digital asset treasury firms. While competitors like Strategy and Metaplanet operate multiple businesses, Twenty One Capital is designed to focus solely on Bitcoin accumulation and related services. Tether and Bitfinex remain majority shareholders and support the firm’s public listing. Cantor Fitzgerald provides expertise in investment banking and capital markets. CEP offered the SPAC vehicle to complete the merger and bring the company to the NYSE. Upon its debut, Twenty One Capital will become a key player in publicly listed BTC treasuries. Its treasury, trading structure, and Bitcoin Per Share metric aim to provide a new model for investors seeking exposure to BTC. The company plans to expand services connected to Bitcoin, including payments and infrastructure. CEO Jack Mallers has said his main goal is to increase Bitcoin per share, reinforcing shareholder value. Shares of Twenty One Capital are expected to start trading on December 9 under the ticker XXI, one day after the merger closes. This post Bitcoin Treasury Twenty One Capital to Start Trading on NYSE Next Week With $4 Billion BTC Treasury first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Citadel Securities' letter to the U.S. Securities and Exchange Commission (SEC), calling for decentralized finance (DeFi) platforms and tokenized U.S. stocks to be regulated like traditional exchanges and brokers, has sparked debate among experts.In a Dec. 2 letter to SEC Secretary Vanessa Countryman, Citadel said tokenized stocks could make trading faster, improve settlement, and give investors more options. But the firm stressed these benefits need to come with the same protections that keep markets fair and safe.“Ultimately, tokenized securities must succeed on the merits, rather than via regulatory exemptions; therefore, while we support Commission initiatives to champion innovation and position the U.S. as the leader in digital finance, it is important not to override key investor protections when trading tokenized securities,” the letter reads. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Bitcoin Magazine 2012 Video Resurfaces of Coinbase CEO Brian Armstrong Pitching What Became America’s Largest Bitcoin Exchange A video has surfaced showing Coinbase CEO Brian Armstrong rehearsing a pitch in 2012, years before the company became the largest Bitcoin exchange in the U.S. In the recording, Armstrong lays out a simple argument: Bitcoin is a digital currency that can move money instantly anywhere in the world. But it’s hard to use. Tools were clunky, backups were tricky, and users could easily lose their funds. Coinbase, he said, would fix that. The platform would act as a hosted wallet, letting anyone access their money from any device without worrying about security or backups. Armstrong compares his plan to what iTunes did for music. He emphasizes the early growth: sign-ups and transactions increasing “20 % a day,” and $65,000 in Bitcoin payments were processed in just five weeks. The pitch is short, under three minutes, and candid. Armstrong discussed fees, competition, and the potential of Bitcoin as a global payment system. It’s a glimpse at the early vision of a company few outside crypto had heard of. In 2012, Brian Armstrong recorded himself rehearsing his pitch for Coinbase.Today, they're the largest Bitcoin exchange in the US pic.twitter.com/Ta4bKz0hYd— Bitcoin Magazine (@BitcoinMagazine) December 4, 2025 Coinbase: Don’t get ‘left behind’ It’s safe to say that Armstrong’s idea was a success. More than a decade later, Coinbase is the top U.S. exchange, handling billions in Bitcoin transactions and shaping how Americans interact with digital assets. That scrappy 2012 rehearsal captures the first hints of a company that would grow into a crypto powerhouse. Just yesterday, Armstrong sat beside BlackRock CEO Larry Fink and said that all major U.S. banks that ignore stablecoins risk being “left behind.” Speaking at the New York Times DealBook Summit, Armstrong said that several top banks are running pilot programs with Coinbase for stablecoins, crypto custody, and trading. Armstrong acknowledged a split within traditional finance: some institutions’ lobbying arms resist crypto, while innovation teams explore it. “This is the classic innovator’s dilemma,” he said, noting banks must choose between embracing or fighting new technology. On concerns about capital flowing to stablecoins, Armstrong said banks are mainly focused on protecting profit margins. Fink, once a bitcoin skeptic, said he now sees a “huge use case” for Bitcoin and worries the U.S. is falling behind in stablecoin innovation. Armstrong has championed crypto to the U.S. government. He has lobbied and pushed for clearer regulations for the crypto industry. Armstrong supported legislation like the CLARITY Act to set legal clarity. He launched grassroots efforts, including Stand With Crypto. He has also spent millions on campaigns through PACs like Fair Shake. This post 2012 Video Resurfaces of Coinbase CEO Brian Armstrong Pitching What Became America’s Largest Bitcoin Exchange first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Spotify will add music videos after securing new licensing rights as part of a wider push to compete with major video platforms. The post Spotify aims to rival YouTube and TikTok with new video service appeared first on Crypto Briefing.

BUIDL, BlackRock’s tokenized U.S. Treasury fund, is now accepted as collateral for stablecoins issued on the M0 platform, the teams revealed on Thursday, Dec. 4.The update gives M0 issuers access to the largest tokenized Treasury fund to back their stablecoins. BUIDL has over $2 billion in total assets, down roughly 30% over the past month, even as the fund’s price remained steady at $1. At the same time, the number of holders grew by more than 3%, according to RWAxyz.The move highlights a broader push to make stablecoins more secure, give issuers more flexibility, and boost on-chain liquidity. This comes as the stablecoin sector has grown quickly, with its market capitalization rising to nearly $308 billion from $199 billion over the past year, according to DeFiLlama.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

.cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Solana SOL $132.84 0.39% Solana SOL Price $132.84 0.39% /24h Volume in 24h $2.06B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more is quietly building momentum in December 2025, with SOL trading near $143 and showing signs of a sustained move higher, with Solana price prediction pointing towards $230 next. Market Cap 24h 7d 30d 1y All Time Institutional support reached another milestone this week when Franklin Templeton launched its Solana ETF under the ticker SOEZ on NYSE Arca. The fund includes staking rewards and marks the latest addition to a growing list of regulated Solana products from major firms such as Bitwise, Grayscale, Fidelity, and VanEck. This one was so easy. Ticker name decider guy here at @FTI_US on an absolute heater this quarter. Franklin Solana ETF – $SOEZ is now live, making exposure to $SOL almost too easy? pic.twitter.com/bBA0YfB2LG — Franklin Templeton Digital Assets (@FTDA_US) December 3, 2025 At the same time, two Solana-based coins are outperforming the broader market: ZEREBRO and PIPPIN. Both tokens combine AI themes with community-driven growth, benefiting directly from Solana’s high throughput, minimal transaction fees and clearly whales accumulation. EXPLORE: 9+ Best Memecoin to Buy in 2025 Solana Price Prediction: Why $230 Is the Next Major Target Analysts across multiple platforms now share a common view that Solana can reach $230 before the end of the first quarter of 2026, with some calling for that level as early as late December 2025. The technical picture supports this outlook: SOL has held above key moving averages, liquidity is building on the order books. Roger Bayston, head of Digital Assets at Franklin Templeton, described Solana as a core layer of the digital economy, citing its speed and low-cost structure that attract developers and institutions alike. The Franklin Templeton launch follows a more favorable regulatory environment in the U.S. since early 2025, with the SEC providing clearer guidelines and faster approvals for crypto ETFs. $SOL $230 soon pic.twitter.com/dEjoggWw5U — Don (@DonWedge) December 3, 2025 DISCOVER: Why Is SEC Blocking Highly Leveraged Crypto ETF Applications? Will ZEREBRO Become Solana’s Next Breakout AI Memecoin After PIPPIN’s 900% Rally? Solana price prediction calls for $230 next, but it’s not the only positive note in its ecosystem. .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Pippin PIPPIN $0.1663 43.45% Pippin PIPPIN Price $0.1663 43.45% /24h Volume in 24h $46.59M ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more made quite the comeback, posting a +900% gain over the past month to reach around $0.245 as of early December 2025. This move, fueled by whale accumulation, high derivatives volume exceeding $3 billion, and coordinated wallet activity, has pushed its market cap beyond $200 million. Daily trading volumes often top $90 million, turning early investments into substantial returns for some holders: one position that grew from $180,000 to over $1.5 million. Community events, including trading contests ending mid-December, continue to sustain interest, with near-term targets at $0.30 to $0.45. Market Cap 24h 7d 30d 1y All Time .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Zerebro ZEREBRO $0.0339 5.45% Zerebro ZEREBRO Price $0.0339 5.45% /24h Volume in 24h $5.85M ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more , another AI coin on Solana, shows early signs of building similar momentum. It climbed 18.21% in the last 24 hours to $0.03859, with a 58.30% rise over the past week, reaching $36.6 million in value and $16.9 million in daily volume. Over the last three days, ZEREBRO has advanced more than 40%, driven by its Retrieval-Augmented Generation (RAG) technology that creates and distributes content across chains like Solana, Polygon, and Bitcoin. This multi-chain presence helps it connect with diverse crypto communities, fostering steady buying from traders who value its blend of AI utility and memecoin accessibility. DISCOVER: 10+ Next Crypto to Explode in 2025 ZEREBRO Builds Momentum as Solana’s AI Narrative Accelerates Several factors suggest ZEREBRO could mirror PIPPIN’s trajectory. PIPPIN’s surge decoupled from a broader Solana memecoin downturn, where sector volumes hit cycle lows; ZEREBRO is exhibiting the same resilience, outperforming the global crypto market’s 2.20% weekly gain. Whale activity plays a role here too: while PIPPIN benefited from 50 secret wallets cornering supply, ZEREBRO’s holder distribution shows concentrated accumulation, with recent large buys signaling organized interest. Forecasts align with upside potential. ZEREBRO could hit $0.0385 by mid-December and climb toward $0.0537 in a positive 2025 scenario, potentially scaling to higher levels if AI narratives gain traction amid the $10.2 billion AI-crypto market projection by 2030. (Source: Coingecko) However, risks remain. Memecoins like these depend on sustained community engagement and broader market conditions. PIPPIN faces scrutiny over liquidity traps and potential dumps post-rally, with some whales already cashing out. ZEREBRO’s past volatility, including a 97% crash in May 2025 tied to the dev abandoning the project, underscores the need for caution. As Solana eyes $230 based on ETF inflows and regulatory clarity, these tokens could amplify gains in an uptrend, creating a positive feedback loop for liquidity and developer activity. For now, ZEREBRO’s technical strength and AI focus position it well to follow PIPPIN’s path, offering traders an active way to tap into Solana’s growth through 2025 and beyond. EXPLORE: OGs Rally Behind Build on Bitcoin Crypto: BOB Crypto Blasts +100% as Top Devs Buidl Bitcoin Hyper L2 The post Solana Memecoin Traders Bid ZEREBRO and PIPPIN: Solana Price Prediction Primes For $230? appeared first on 99Bitcoins.

Bitcoin Magazine Jack Mallers’ Twenty One Capital Wins Approval for CEP Merger, Poised for Public Debut on Nasdaq Twenty One Capital, Inc. (“Twenty One”) led by CEO Jack Mallers and Cantor Equity Partners, Inc. (“CEP”) announced on the 3rd of December that their shareholders approved the combination of the two businesses, meaning that Twenty One is set to go public very soon. The vote is expected to have received a lot of attention from retail shareholders, as the Mallers announced it on their podcast to more than 43 thousand subscribers and their X with half a million followers. The vote took place at the Extraordinary General Meeting of CEP’s shareholders, who approved the previously announced proposed business combination between the parties as well as all other proposals related to the Business Combination. “The final voting results for the Meeting will be included in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission by CEP,” according to a press release published by the company. Subject to the satisfaction of other closing conditions described in the CEP’s definitive proxy statement and Twenty One’s final prospectus, the consummation of the related transactions should take place in the coming days, leading to Twenty One Capital, Inc. and its Class A common stock to start trading on the NYSE with the symbol “XXI” on December 9th, 2025. The company is expected to exit its “quiet period” after this point and make a series of announcements about the future of the business. XXI announced earlier this year that it had received investment from Tether and Softbank, leading to the purchase of 42,000 bitcoins, which will position it as one of the largest public owners of the asset and is expected to unlock new financial service offers for Strike customers, Jack’s growing Bitcoin financial services app, and Cash App competitor. You can read the full press release on the vote here for full disclaimers and details. This post Jack Mallers’ Twenty One Capital Wins Approval for CEP Merger, Poised for Public Debut on Nasdaq first appeared on Bitcoin Magazine and is written by Juan Galt.

Bitcoin Magazine VTB Pushes to Open Russia’s First Bank-Run Bitcoin Trading Desk as Kremlin Moves to Classify Mining as an Export Russia’s second-largest lender, VTB, is positioning itself to become the first major bank in the country to let customers trade bitcoin and crypto directly. Andrey Yatskov, head of VTB’s brokerage arm, told Russian outlet RBC that client demand for “real” crypto — not just derivative products — is rising sharply. “As we see it, real cryptocurrency will be available for purchase via our brokerage accounts,” he said, according to DLNews reporting. The move comes despite the fact that crypto trading remains unregulated in Russia. For now, banks can only offer crypto-linked derivatives, a permission granted earlier this year to VTB, rival Sberbank, and the Moscow Exchange. But momentum in Moscow has turned. After years of pushing for a full ban, the central bank has recently signaled it is ready to regulate crypto instead, reflecting mounting pressure from lawmakers, ministries, and businesses eager for a legal framework — and tax revenue. VTB plans to test its trading platform with “super-qualified clients,” those holding over $1.3 million in assets or earning more than $649,000 a year. The bank expects broader permission as regulators ease restrictions, a shift the central bank’s first deputy governor called a “strategic response to sanctions regimes.” Commercial banks now see themselves playing a central role in a future market of licensed crypto brokers and depositories. Yatskov said clear rules would “definitely boost” transparency and confirmed VTB intends to participate once regulations are finalized. JUST IN: Russia's second-largest bank, VTB, set to launch #Bitcoin & crypto trading in 2026.Russia is coming pic.twitter.com/oCHVOYCVEd— Bitcoin Magazine (@BitcoinMagazine) December 4, 2025 Crypto is already finding new footholds in Russia, from cross-border payments to a rapidly expanding industrial mining sector. With the tide turning, VTB aims to launch full crypto trading services as early as 2026. Earlier this year, the Bank of Russia reportedly started allowing domestic banks to conduct limited crypto operations under tight regulatory oversight. “We hold conservative views and think about how appropriate it is for the banking sector to include cryptocurrency in its assets,” First Deputy Chairman Vladimir Chistyukhin said at the time. Kremlin adviser pushes to classify crypto mining as an export in Russia’s trade accounts In the meantime, a senior Kremlin official is saying that Russia should treat crypto mining as a formal export sector, arguing that large volumes of mined Bitcoin effectively leave the country’s economy even without crossing a physical border. Speaking at the ‘Russia Calling!’ investment forum, Maxim Oreshkin — Deputy Chief of Staff to President Vladimir Putin — said crypto flows are “enormous” yet absent from official statistics, despite influencing the foreign-exchange market and Russia’s balance of payments. Russia legalized industrial crypto mining in 2024, and Oreshkin described the sector as a “new and undervalued export item” that the state fails to properly measure. Because Russian firms increasingly settle import bills with cryptocurrency, he said, those transactions should be counted in the nation’s trade and currency calculations. Industry executives say the scale justifies the shift. Via Numeri Group CEO Oleg Ogienko estimates Russian miners will produce “tens of thousands” of BTC this year. Sergey Bezdelov, head of the Industrial Mining Association, put output at roughly 55,000 BTC in 2023 and around 35,000 BTC in 2024 following Bitcoin’s halving. Regulators have tightened oversight as the sector expands. Companies and sole proprietors must register with the Federal Tax Service, hosting providers are tracked in a dedicated registry, and miners face corporate tax rates as high as 25%. Household miners remain exempt from registration only if their power consumption stays under 6,000 kWh per month. The push to formalize the industry comes as authorities crack down on illegal operations that siphon electricity and evade taxes — losses officials say run into the millions. But with Russia now the world’s No. 2 Bitcoin-mining nation, pressure is mounting for Moscow to integrate the fast-growing sector into its national accounts. This post VTB Pushes to Open Russia’s First Bank-Run Bitcoin Trading Desk as Kremlin Moves to Classify Mining as an Export first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Cardano Hydra Head might contain some security flaws that ADA holders need to watch out for.

Binance on Wednesday released a new product called Binance Junior, a mobile app built for users aged 6 to 17, a launch that quickly stirred debate across the crypto world over whether digital asset platforms should reach younger users at all. The company said Binance Junior runs as a separate app but links directly to a parent or guardian’s main Binance account, giving adults full control over how the child uses the service. Introducing Binance Junior, a parent-controlled app and sub-account for kids and teens. Build family-focused crypto savings and prepare your child for a future empowered by crypto. Try it now https://t.co/q4Y50PvApy pic.twitter.com/O1R2yZ4vVE — Binance (@binance) December 3, 2025 Parents can move cryptocurrency into the junior account, set spending and transfer limits, and choose if their children can use earning features such as interest products. What users can access depends on local laws and the rules in each country. Binance said the app is meant to help families teach basic money skills, not to push trading on minors. DISCOVER: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year Is Binance Junior a Bank-Style Account for Kids? The company described it as an education tool that mirrors traditional custodial accounts, where adults remain in charge while children learn how finance works in a controlled setting. The company says the setup works much like a regular bank account for a child, where the parent keeps legal control even though the child can hold funds. In this system, the parent decides what the child can do with the account. That includes spending, withdrawals, and access to features, at least until the child becomes an adult. Behind the scenes, each Binance Junior account runs as a sub-account under the parent’s verified profile. Legally and technically, the account is still tied to the adult’s identity and compliance records. Everything starts from the parent’s main account. It controls identity checks, security settings, limits, and which products the child is allowed to use. Parents can send crypto from their own wallets into the child’s account, transfer funds on-chain, and check balances anytime from the app. They can also choose whether to turn on Junior Flexible Simple Earn, which lets the funds earn interest through Binance’s Earn program. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 How Does Binance Pay Work Inside Binance Junior Accounts? For users aged 13 and above, Binance Junior also gives access to Binance Pay. This lets teens send and receive crypto with other Junior users or with their parents. All transfers stay under daily limits set by the parent or account holder. In practice, adults keep control over how money moves in and out of the account. Binance said on the Binance Junior website that some features will not be available in every country. The company added that local laws may block certain services, depending on where users live. Rules also differ by region on what can legally be offered to minors. The launch triggered a fast reaction online, especially on X. Views ranged from praise to sharp criticism. Some users accused Binance of going after children on purpose. One commenter asked whether the industry was already too focused on younger users and said products like Binance Junior risk crossing an ethical line. Wait. #Binance is targeting kids now? Kids who trade? Is the army of bought kindergarten-KOLs not enough for them? https://t.co/YkuvoTXJ2m — MASTR (@MastrXYZ) December 3, 2025 One user called the move “crazy and irresponsible.” Another joked that children could end up as “exit liquidity” for older traders. This is crazy and irresponsible. — NO-KX I Independent OKX Watchdog (Commentary) (@not_ok_okx) December 3, 2025 Supporters defended the idea. One user said bringing crypto to younger users was “huge for real adoption” and argued that early access, with parents in charge, could help teens learn how digital money works. As Binance expands beyond trading tools and into everyday finance, the reaction to Binance Junior shows a clear split. Some see educational products as necessary for wider use. Others worry that bringing minors into crypto carries risks the industry still doesn’t fully understand. DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025 The post Inside Binance’s Plan to Conquer Next Generation of Crypto Traders appeared first on 99Bitcoins.

Citadel, an investment management firm, has asked the US Securities and Exchange Commission (SEC) to regulate decentralized finance (DeFi), the same way it does for traditional finance (TradFi). Naturally, this has caused backlash in the crypto community since the entire premise of DeFi is to be “other than” the traditional financial archetype, which is central in nature. Hayden Adams, CEO of Uniswap, a decentralized crypto exchange, minced no words in his accusations as he ripped into Citadel. In a post shared on X on 4 December 2025, Adams wrote that Citadel’s founder Ken Griffin “screwed over Constitution DAO” before “coming for DeFi, asking the SEC to treat software developers of decentralized protocols like centralized intermediaries.” He also claimed Citadel has been “lobbying behind closed doors on this for years.” First Ken Griffin screwed over Constitution DAO Now he's coming for DeFi, asking the SEC to treat software developers of decentralized protocols like centralized intermediaries Bet Citadel has been lobbying behind closed doors on this for years Okay thats all pretty bad, but… pic.twitter.com/ExoNhbhadu — Hayden Adams (@haydenzadams) December 4, 2025 Moreover, Adams had an issue with Citadel’s claim that DeFi cannot provide fair access to markets. In his post, he claimed Citadel to be the king of shady online market makers and that it has a problem with fintechs that can lower the barrier to liquidity creation. EXPLORE: Top 20 Crypto to Buy in 2025 Citadel Advises SEC: Regulate Crypto In A Technologically Agnostic Manner All this came about when Citadel sent a letter to the SEC on 2 December 2025, about tokenized stocks and DeFi trading, in which it claimed that DeFi platforms connect buyers and sellers in a manner that fits the legal definition of an exchange or a broker. The market maker argued that DeFi shouldn’t get any special treatment just because it runs on blockchains. Further, the letter suggested to the SEC that DeFi ecosystem players, including trading app operators, smart contract developers, validators, and liquidity providers, should be strictly regulated. Citadel Securities thinks any DeFi protocol that facilitates trading of tokenized securities “undermines” US regulatory framework by acting as an exchange pic.twitter.com/BIfGhUHy6s — Frank Chaparro (@fintechfrank) December 4, 2025 Citedal noted that many of these ecosystem actors earn fees and often influence how trades are routed, similar to how middlemen operate in TradFi. The marketmaker has asked the SEC to take a technology-agnostic approach towards DeFi, i.e., the same rules will apply despite the technology or system used. Additionally, in its letter, Citadel compared tokenized stock ts to a shadow equity market outside the official US banking system, which could split liquidity and bypass already existing protections for investors. If Citadel wins this, developers, front-end operators, wallets, market makers, and even DAO participants could face the same strict rules as broker-dealers. EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now Citadel Pushes Hard, Crypto Groups Push Back Harder Crypto groups and prominent crypto personalities have already started to push back, claiming that open-source protocols and validator networks are nothing like Wall Street Intermediaries and that they shouldn’t have to register. Concerning https://t.co/UC6W1hXIzZ — Brian Armstrong (@brian_armstrong) December 4, 2025 Citadel, however, has held its ground, saying that the SEC does not have the authority to create separate rulebooks for tokenized equities. Only Congress has the ability to decide on those changes. Aside from Adams, Blockchain Association CEO Summer Mersinger has pushed back against Citadel’s view, stating that Citadel’s case “lacks grounding in the Exchange Act, judicial precedent, or commission practice.” The following statement is attributed to @SKMersinger on Citadel’s letter to the SEC, which claims DeFi developers, smart-contract authors, and self-custody wallet providers should be treated as intermediaries subject to securities-law registration.https://t.co/3odP2JepU0 pic.twitter.com/SFieREfHEH — Blockchain Association (@BlockchainAssn) December 4, 2025 She further argued that the SEC should not treat software developers as financial middlemen. She explained that forcing developers to register as broker-dealers would hurt U.S. competitiveness and drive innovation overseas. EXPLORE: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year Key Takeaways Citadel wrote a letter to the SEC, urging it to regulate DeFi like TradFi, sparking industry backlash Blockchain Association CEO Summer Mersinger has argued that developers shouldn’t face broker-dealer rules Citadel has called tokenized stocks a “shadow equity market” outside U.S. protection The post Citadel Pushes SEC For DeFi Oversight, Crypto Heavyweights Push Back Harder appeared first on 99Bitcoins.

The US Securities and Exchange Commission has suddenly put brakes on high-leverage crypto ETFs by issuing warning letters to major ETF issuers. Proposed funds from issuers like Direxion, ProShares, Tidal Financial, Volatility Shares, and GraniteShares apparently exceeded volatility limits – by using derivatives to chase extreme leverage on crypto and single stocks such as Tesla or Nvidia. The applications for ETFs that promised 3x to 5x returns on assets like Bitcoin and Ethereum could be blocked? But why has the SEC stepped in? Apparently, the regulators cited violations of Rule 18f-4 under the Investment Company Act of 1940 which caps a fund’s value-at-risk (VaR) at 200% of its unleveraged reference portfolio. “We write to express concern regarding the registration of exchange-traded funds that seek to provide more than 200% (2x) leveraged exposure to underlying indices or securities,” said the SEC letter, issued on 2 December 2025. “We request the registrant revise its objective and strategy to be consistent with rule 18f-4” “The SEC has issued a flurry of warning letters to some of the country’s most prolific providers of high-octane ETFs, effectively blocking the introduction of products designed to deliver 3 and even 5 times the daily returns of stocks, commodities and cryptos.” pic.twitter.com/ZKm6HAqsgZ — Kalani o Māui (@MauiBoyMacro) December 3, 2025 DISCOVER: 20+ Next Crypto to Explode in 2025 ProShares Pulls Several Crypto ETF Applications After Receiving SEC Warning A 1% Bitcoin drop could mean 3-5% ETF losses daily. Which means, over half of recent leveraged ETFs have shuttered due to poor performance. Shortly after receiving the SEC letter, ProShares pulled several 3x crypto ETF applications while acknowledging that they didn’t meet the legal standards. ProShares had originally filed its ETF in NYSE in October 2025. The SEC has stopped ProShares from launching new 3× leveraged crypto funds.They proposed 3× Bitcoin, 3× Ether, 3× Solana, 3× XRP. The SEC says the funds break leverage rules, so ProShares must fix the filings or withdraw them.Nothing moves forward until they do.… pic.twitter.com/SXlYAHKgkZ — 𝗕𝗮𝗻𝗸XRP (@BankXRP) December 3, 2025 Notably, no 3x or 5x single-stock or crypto ETFs exist in the US market yet. Rules limit leverage to 2x maximum. Read More: SEC Crypto News: US Plans to Redefine Crypto Assets SEC Could Soon Redefine How Digital Assets Are Classified Under US Law Speaking in Philadelphia on 12 November 2024, SEC Chair Paul Atkins said the agency will “in the coming months” propose a structured framework based on the Supreme Court’s Howey test, the legal standard used to decide whether an asset counts as a security. The move aims to bring clarity to one of the most contentious areas in crypto regulation: determining when a token constitutes a security and when it does not. Atkins also said the Commission intends to release a “package” of exemptions designed to create a more flexible system for crypto projects that sell assets through investment contracts. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Key Takeaways The halt tempers hype around “supercharged” ETFs, potentially cooling demand for high-beta crypto plays as Bitcoin ETFs already hold billions. Issuers may pivot to compliant 2x products or options-based strategies, limiting innovation but protecting novices from wipeouts. The post Why Is SEC Blocking Highly Leveraged Crypto ETF Applications? appeared first on 99Bitcoins.

Joe Rogan recently dropped his podcast with NVIDIA CEO Jensen Huang on 3 December 2025, and oh boy, is it juicy or what? First and foremost, Huang confessed that the AI boom in the USA wouldn’t really have happened without US President Donald Trump’s energy policies. “Drill Baby, Drill”, Trump’s famous words, calling for more energy production, gave US industries the power they needed for their growth. Huang further explained that without sustained focus on energy, building AI factories, chip plants, and supercomputer facilities would have been impossible to accomplish. “I got to tell you flat out, if not for his [Trump’s] pro-growth energy policies, we would not be able to build factories for AI, we’d not be able to build chip factories. We surely wouldn’t be able to build supercomputer factories, none of that stuff would have been possible,” Huang further added. JUST IN: Nvidia $NVDA CEO Jensen Huang tells Joe Rogan that President Trump "saved the AI industry." pic.twitter.com/Gesja5GV7B — Watcher.Guru (@WatcherGuru) December 3, 2025 Trump has been using the slogan “Drill Baby, Drill” since his campaign days and even repeated the same during his 2025 inauguration, signalling a return to fossil fuels and energy dominance. This approach is in contrast to Joe Biden’s policy, which leaned more towards clean energy and climate-focused policies. Huang’s message was pretty straightforward, i.e., more energy equals more industrial growth, and in his view, that’s what propped up the American AI industry. EXPLORE: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year Jensen Huang On Joe Rogan: Competitive Energy Will Drive AI Progress During the podcast, Joe Rogan asked if America is winning the AI race and if winning that race is a matter of national security. Huang’s response to the question was, “I’m not sure. I don’t think anybody really knows.” Earlier last month, Huang had prophesied that China might win the AI race because of the country’s expanding power capacity and the lack of regulatory bottlenecks that, for instance, in the US slow things down. The stakes are high as whoever wins the AI race will shape the global standards for defence, commerce, intelligence gathering, and more for decades to come. China is crushing the rest of the world on this AI scale. "Openness" index. An index rated on AI licensing, data, and methodology. Every single U.S. AI model is ranked scarily low. pic.twitter.com/EK7CMaKgGh — AI Edge (@aiedge_) December 2, 2025 At the moment, the US leads the AI model space, with Google, Anthropic, Meta, and other companies maintaining their position when it comes to performance and influence. However, the Chinese models are closing the gap fast. DeepSeek, Alibaba, and Moonshot, for instance, are developing competitive AI models that use far less energy. However, where China leads globally is in granted AI patents and generating 2x more electricity than the US. This is especially important since the growth of AI now depends heavily on available power and its cost. Huang told Rogan that small-scale nuclear reactors could sit close to the companies that need them, allowing on-site power generation rather than depending solely on the grid. EXPLORE: Best New Cryptocurrencies to Invest in 2025 NVDA Price Prediction: Morgan Stanley Bumps Price Target To $250 NVIDIA has been a cash cow for Wall Street, and Morgan Stanley analyst Joe Moore thinks that it has more to give. As reported on CNBC, Moore bumped his price target from $230 to $250, about 39% from its current price of $179. As per the report, Moore believes that the theories of Google’s Alphabet or AMD catching up to NVIDIA are exaggerated since NVIDIA hasn’t really lost any market space. The demand for its chips and advanced packaging is higher than ever as more companies pile in to build their own AI models. $NVDA: Morgan Stanley just raised its target price from $235 to $250 My expected range:If it breaks through $185: $210 – $225 – $250 (consistent with Morgan Stanley) If it falls below $176- target $170 pic.twitter.com/V2dwagaap1 — Amanda Blake (@CarolKentSpeaks) December 1, 2025 As for its price action in December, NVDIA’s stock will likely move in a tight range between $170 and $185, assuming no new trade restrictions and a constant demand from companies outside China. An easing of export rules to China will boost NVIDIA’s stock, allowing it to break higher, moving back to $190 and possibly testing the $200-$205 zone. The finalization of its $100 billion deal with OpenAI will further boost stock prices. For now, however, the deal is only at the letter of intent stage. EXPLORE: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Key Takeaways Jensen Huang on Rogan revealed that energy and not hardware breakthroughs will decide the AI race winner Jensen Huang credited President Trump’s energy policies for America’s AI infrastructure growth China’s expanding power capacity gives it an edge in the AI race Tight GPU supply shows that hyperscalers are quickly scaling AI workloads The post Everything You Missed From Nvidia CEO Jensen Huang’s Joe Rogan Experience: NVDA Price Prediction For December appeared first on 99Bitcoins.

APIA, Samoa, Dec. 4, 2025 /PRNewswire/ — Phemex, a user-first crypto exchange, announced the Second Edition of its Futures Trading Apex Competition, a global year-end challenge running December 4–31, 2025 with a total prize pool of 450,000 USDT. The event reinforces Phemex’s commitment to building a high-energy, rewarding derivatives ecosystem for traders worldwide. Designed to celebrate the diversity of the Phemex community, the competition structure ensures inclusivity for traders of all styles and levels. This dual-track system allows new community members to shine alongside seasoned veterans, with 30% of the prize pool dedicated specifically to newcomers. Event Highlights: Dynamic Community Rewards: Prize pools for weekly and monthly rankings unlock dynamically based on total trading volume, encouraging collective participation. Daily Engagement: Traders can join 28 daily ROI battles, each with a fixed 2,000 USDT pool and a minimum entry volume of 1,000 USDT — offering constant opportunities to rank and earn. Gamified Experience: Four cycles of Mystery Box missions worth 94,000 USDT add a gamified layer and fun to the competition. Traders can collect ETH, Gold, and other bonuses. Tasks refresh every cycle, allowing active participants to earn up to 13 boxes throughout the event. For full rules and to join the challenge, please visit: https://phemex.com/. About Phemex Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million traders worldwide. The platform offers spot and derivatives trading, copy trading, and wealth management products designed to prioritize user experience, transparency, and innovation. With a forward-thinking approach and a commitment to user empowerment, Phemex delivers reliable tools, inclusive access, and evolving opportunities for traders at every level to grow and succeed. For more information, please visit: https://phemex.com/

One Big Mac, one large fries, and a medium Coke for only $39.99 plus taxes and tip! And Americans think the Trump no-income tax plan will help them. Crypto markets are limping into December, and we still have taxes to pay next year. .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Bitcoin BTC $89,506.24 0.57% Bitcoin BTC Price $89,506.24 0.57% /24h Volume in 24h $21.43B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more slid more than six percent on Monday, its sharpest single-day drop since March, briefly touching lows near $93,000. But where most investors see red, 99Bitcoins tax strategists see an opening and a narrow year-end window for crypto tax-loss harvesting. Meanwhile, President Trump might eliminate income taxes soon; here’s what you need to know. DISCOVER: 20+ Next Crypto to Explode in 2025 What is Tax-Loss Harvesting and Why Does It Matter for Crypto? Market Cap 24h 7d 30d 1y All Time Crypto occupies a unique place in the tax code. Because cryptocurrencies are classified as property rather than securities, wash-sale rules that restrict stock traders from immediately rebuying sold assets do not currently apply. The result is a loophole that allows traders to realize losses for tax purposes without exiting the market. If you bought $2,000 worth of crypto and it is now worth $1,000, selling before December 31 locks in a $1,000 loss. That loss can offset realized gains elsewhere, then up to $3,000 in ordinary income, with the remainder carried forward indefinitely. It’s cool beans! “If you have the ability to reduce your taxable income, it’s always beneficial.” – Miklos Ringbauer, CPA (Source: X) CoinGecko data shows that more than 65% of top-100 assets are trading below their 90-day moving averages. Glassnode’s short-term holder SOPR dipped below 1.0 this week, signaling that the majority of recent sellers exited at a loss, which is fertile ground for harvesting. (Source: Glassnode) Additionally, DeFi Llama reports a -7% week-over-week decline in aggregate TVL, consistent with capital rotation into cash positions ahead of tax deadlines. All these indicators suggest that December will be dominated by strategic selling rather than panic selling. DISCOVER: Top 20 Crypto to Buy in 2025 Trump No Income Tax Plan: POTUS Tax Bombshell Throws a Curveball In a surprising twist, President Donald Trump suggested Tuesday that Americans may soon “not even have income tax to pay,” arguing that tariff-driven revenue could allow the federal government to abolish taxes on income entirely. “At some point in the not too distant future you won’t even have income tax to pay.” – Donald Trump While Trump’s base is celebrating the announcement – OMG TRUMP ALREADY DID THIS! – Many Americans are waiting to see if the tax cut materializes first. Trump says the $2,000 tariff dividend is likely coming next year, on top of record tax refunds. He even believes the income tax will be abolished for most Americans. If he pulls this off, it will be one of the biggest financial wins for working people in decades. pic.twitter.com/ApeV6VzFxn — Chad Prather (@WatchChad) December 2, 2025 It’s another example of TDS at its finest. MAGA has already enshrined Trump as a Hercules-like figure, who can accomplish nearly anything by merely willing it so. But can Trump unilaterally cancel income taxes? No, that requires an Act of Congress. But the President is so fixated on Trump and cowers so shamefully before his perceived godlike powers that this may as well already have happened. So, anyway, don’t count on income tax cuts and prioritize something real like tax-loss harvesting instead. EXPLORE: Singapore Denies Do Kwon’s $14M Refund Demand For ‘Stolen’ Penthouse Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways One Big Mac, one large fries, and a medium Coke for only $39.99 plus taxes and tip! And Americans think the Trump no-income tax plan will help. Don’t count on income tax cuts and prioritize something real like tax-loss harvesting instead. The post Genius Tax Strategy For Rekt US Traders Could Save a Fortune appeared first on 99Bitcoins.

.cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Ethereum ETH $3,049.90 0.46% Ethereum ETH Price $3,049.90 0.46% /24h Volume in 24h $9.66B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more is leading gains as it crosses $3,200 for the first time since early November. .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Bitcoin BTC $89,506.24 0.57% Bitcoin BTC Price $89,506.24 0.57% /24h Volume in 24h $21.43B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more holds steady above $93,000, while memecoins like .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Pippin PIPPIN $0.1663 43.45% Pippin PIPPIN Price $0.1663 43.45% /24h Volume in 24h $46.59M ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more continue their rapid ascent, up over 130% in recent sessions amid broader sector rotation. Investors are actively searching for the best new crypto to buy as total market capitalization approaches $3.2 trillion, reflecting renewed participation following last month’s corrections. Ethereum’s performance today underscores the impact of the Fusaka upgrade, activated yesterday, which introduced PeerDAS for reduced validator data loads and increased blob throughput to 14 per block. This has lowered Layer-2 fees by 40-60% on networks like Arbitrum and Optimism, driving a 4.30% 24-hour rise to $3,181.83 and a 5.09% weekly gain. ETH ETF inflows reached $250 million yesterday, as institutional holders like BitMine Immersion added positions. Network growth hit 190,000 new wallets in a single day, signaling sustained demand for Ethereum’s ecosystem. (Source: Sosovalue) Bitcoin trades at $93,218.19, up 0.53% today and 1.89% over the week, as selling pressure from November’s $18,000 drawdown eases. On-chain metrics show long-term holders accumulating, with new addresses holding smaller coin amounts but increasing in volume. Analysts note stabilization rather than immediate recovery, with December’s historical 9.7% average gains providing a supportive backdrop. Resistance at $94,000 could give way if ETF volumes sustain, targeting $100,000 by year-end. EXPLORE: 10+ Next Crypto to 100X In 2025 Best New Crypto to Buy: Memecoins and Emerging Tokens Lead Among top altcoins, Chainlink (LINK) added 0.44% to $14.53, building on last week’s 9.09% advance amid oracle integrations in DeFi. BNB rose 1.32% to $908.31, supported by Binance’s ecosystem expansion: a $1.5 billion USD1 stablecoin reserve reveal and new DeFi tools on BNB Chain. This drove a 0.92% ecosystem surge, with spot volume at $151 billion despite a 5.9% daily dip, maintaining 41% market share. Tron (TRX) edged up 0.12% to $0.2798, nearing a key milestone of 350 million total accounts—highlighting its role in accessible blockchain services and stablecoin transfers. 350 million milestone! https://t.co/zLI8vtuHjj — H.E. Justin Sun (@justinsuntron) December 4, 2025 Memecoins remain a standout area, with PIPPIN posting triple-digit gains to around $0.208 despite a 15% pullback today. The Solana-based AI-themed token, with a $208 million market cap, saw $99 million in 24-hour volume, fueled by community events and whale activity. (Source: Coingecko) XRP gained 1.20% to $2.16, facing resistance near $2.20, while Solana (SOL) held flat at $142.87. Dogecoin (DOGE) rose 0.76% to $0.1494, and Cardano (ADA) 0.79% to $0.4482. Stablecoins USDT and USDC remained pegged near $1.00. Japan’s flat 20% crypto tax proposal adds global support, potentially boosting liquidity from Asian markets. With Binance Blockchain Week underway through December 5, announcements on partnerships may further lift BNB and related assets. Overall, today’s action points to consolidation with upside potential, as Ethereum’s upgrades and memecoin activity draw fresh interest. For those seeking the best new crypto to buy, PIPPIN’s blend of virality and AI elements offers an entry into high-growth opportunities ahead of 2026. DISCOVER: Monad Crypto Drops 32%: Baseless Fud Or Is It Going To Zero? MON Price Prediction 2 days ago OGs Rally Behind Build on Bitcoin Crypto: BOB Crypto Blasts +100% as Top Devs Buidl Bitcoin Hyper L2 By Fatima Build on Bitcoin (BOB) is taking the crypto market by storm, as OGs rally around this project that aims to bring DeFi to the Bitcoin ecosystem via an Ethereum-style smart contract architecture. While BOB crypto is catching a bid right now, up more than +100% overnight, Bitcoin Hyper has a first-mover advantage as a Bitcoin Layer-2. BOB crypto launched on November 20 at a listing price of $0.0257, and over the following 10 days, it fell to $0.01. However, with the broader crypto market showing signs of a resurgence, Build on Bitcoin has been one of the strongest performers, surging nearly +200%, to $0.03. However, it has since cooled off and is trading back below its listing price, at $0.0245. just checked the $BOB chart and i think it's going to pump another 2x from here… pic.twitter.com/ZPL57OmnvW — GEM INSIDER (@gem_insider) December 4, 2025 Read The Full Article Here 3 days ago Why Is SEC Blocking Highly Leveraged Crypto ETF Applications? By Fatima The US Securities and Exchange Commission has suddenly put brakes on high-leverage crypto ETFs by issuing warning letters to major ETF issuers. Proposed funds from issuers like Direxion, ProShares, Tidal Financial, Volatility Shares, and GraniteShares apparently exceeded volatility limits – by using derivatives to chase extreme leverage on crypto and single stocks such as Tesla or Nvidia. The applications for ETFs that promised 3x to 5x returns on assets like Bitcoin and Ethereum could be blocked? But why has the SEC stepped in? Apparently, the regulators cited violations of Rule 18f-4 under the Investment Company Act of 1940 which caps a fund’s value-at-risk (VaR) at 200% of its unleveraged reference portfolio. “We write to express concern regarding the registration of exchange-traded funds that seek to provide more than 200% (2x) leveraged exposure to underlying indices or securities,” said the SEC letter, issued on 2 December 2025. “We request the registrant revise its objective and strategy to be consistent with rule 18f-4” “The SEC has issued a flurry of warning letters to some of the country’s most prolific providers of high-octane ETFs, effectively blocking the introduction of products designed to deliver 3 and even 5 times the daily returns of stocks, commodities and cryptos.” pic.twitter.com/ZKm6HAqsgZ — Kalani o Māui (@MauiBoyMacro) December 3, 2025 DISCOVER: 20+ Next Crypto to Explode in 2025 Read the Full Article Here 3 days ago Stellar House Takes to Miami: Will Builder Link Up Fix XLM Price Prediction? By Fatima The crypto market is green once more, up +0.8% on the day, as Bitcoin holds steady above $93,000 and the combined crypto market cap sits at $3.26Tn. However, Stellar (XLM) is down -1% over the past 24 hours, continuing a downward trend that has persisted for more than a year. The XLM price prediction looks bleak right now, and the Stellar community will be hoping that the upcoming ‘Stellar House’ event in Miami today (December 4) can help to reverse the lagging assets’ fortunes. This event follows the first-ever Stellar House, which took place earlier this year in New York, where the team explored utility, interoperability, and real-world adoption of XLM with industry leaders. Stellar House Miami aims to build on the New York event and will be a one-day event featuring fireside chats, networking, creative activations, food, drinks, and more. https://twitter.com/StellarOrg/status/1996294571953922117 Read the Full Article Here 3 days ago Two Ukrainian Suspects Arrested in Vienna for Crypto Heir’s Brutal Robbery and Murder By Fatima Vienna police have arrested two Ukrainian nationals suspected of robbing and killing a 21-year-old countryman who held large cryptocurrency holdings. Authorities say the victim was lured to a hotel underground garage, severely beaten, and forced to reveal passwords to two crypto wallets. The attackers allegedly transferred the funds before setting the victim’s car on fire to destroy evidence. The young heir died from his injuries. The case is being investigated as robbery and murder. 3 days ago Hyperliquid Strategies Moves $411M in HYPE Tokens to Hypercore By Fatima Hyperliquid Strategies, the treasury arm behind HYPE, has transferred 12 million HYPE tokens to Hypercore, according to MLM. The assets, worth roughly $411 million, represent 1.2% of the total supply and 3.54% of the circulating supply. Alongside the transfer, the company has also initiated staking activity, moving 425,000 HYPE, about $14.5 million, into the staking balances of three separate wallets. The shift signals a strategic strengthening of on-chain participation and treasury positioning. 3 days ago FTN Price Fires +110% as Ethena Pumps: But ULTIMA, PIPPIN and PEPENODE Dominate Best Buys By Fatima The market is going into frenzy once again as Ethena pumps and FTN explodes in a spectacular rebound rally, igniting a new wave of momentum across altcoins. After the sharp December correction, sentiment shifted almost overnight, with several high-beta tokens outperforming large caps by wide margins. And while FTN is stealing the spotlight with a triple-digit surge, smart money is rotating into three other breakout plays. Analysts say those plays may deliver even more substantial upside into mid-December, driven by technical setups, aggressive accumulation, and strong community narratives. Market Cap 24h 7d 30d 1y All Time Read the Full Article Here The post Crypto News Today, December 4 – ETH Breaks $3.2K on Fusaka Momentum, PIPPIN Memecoin Surges 130%: Best New Crypto to Buy? appeared first on 99Bitcoins.

Citadel is opposing exempted trading of tokenized equities, according to its recent letter to the SEC. .

Crypto markets continued to show strong momentum a day after Vanguard, the world’s second-largest asset manager, began allowing trading in cryptocurrency ETFs, including Bitcoin, Ethereum, Solana, and XRP.Vanguard, which manages over $11 trillion in assets for more than 50 million clients, had long avoided crypto, saying it was too risky for long-term portfolios. But with crypto ETFs growing in popularity this past year, the firm has reversed course and given investors access.On Tuesday, Bitcoin (BTC) jumped about 6% after the launch. Today, the world’s largest cryptocurrency is trading at $94,000, up 3% in the past 24 hours. Meanwhile, BTC, SOL, and XRP ETFs had inflows of $58.5 million, $46 million, and $68 million, respectively, on Dec. 2. However, ETH ETFs recorded $9 million in outflows, according to SoSoValue data.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Cramer applauds the SEC for blocking new 3x and 5x ETF plans, calling it a rare win for investors, while the focus now shifts to whether stricter rules spark an unexpected outcome for Bitcoin and XRP.

DUBAI, UAE, Dec. 3, 2025 /PRNewswire/ — Komainu, the regulated digital asset services provider and custodian backed by Laser Digital and Blockstream, today announced that Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has joined its collateral management platform, Komainu Connect. Through this partnership, institutional clients will be able to trade around the clock while keeping their assets securely stored in custody. By enabling assets to be held with a regulated, third-party custodian while simultaneously being tradable on an exchange, clients are able to better manage their counterparty risk. Regular, automated off-exchange settlement eliminates the need to pre-fund on-exchange. Komainu continues to expand its Komainu Connect platform by integrating directly with exchanges, lenders, and brokers, utilising a range of advanced technologies. These integrations enable clients to establish fast, seamless connections, providing access to an extensive network of market counterparties. Key benefits include: 100% Collateral Mirroring: all delegated assets in collateral wallets are mirrored on-exchange Off-exchange settlement process: eliminating the need to pre-fund on the exchange Transparency: all assets are held in on-chain, bankruptcy-remote segregated wallets, offering maximum transparency and legal clarity. Holistic view of custody and collateral wallets: clients benefit from dedicated, client-by-client wallets Scale and support: Comprehensive asset coverage, supporting a growing list of institutional-grade assets. Paul Frost Smith, Co-CEO at Komainu, said: “We’re delighted to bring Bybit into the Komainu Connect ecosystem. Institutional investors increasingly demand the ability to act on market opportunities without compromising on security or compliance. Komainu Connect delivers exactly that—pairing regulated, secure custody with frictionless market access. This partnership not only strengthens our roster of trusted exchanges but also underscores our commitment to building a safer, more efficient trading environment for active investors.” Yoyee Wang, Head of Business to Business Unit, Bybit added: “Our top priority is to ensure trust and security for our clients. Partnering with Komainu is another step in listening to our clients’ needs and strengthening our capabilities, offering secure, regulated custody alongside the flexibility and scale they expect.” #Bybit / #CryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube About Komainu Komainu is the institutional gateway for digital assets, headquartered in Jersey, with offices in London, Dubai, and Singapore. Offering bank-grade infrastructure for institutional investors, Komainu provides seamless, connected and secure services with multi-jurisdictional regulatory oversight, merging expertise from traditional financial services with leading security standards for the next generation of institutional digital asset custody, servicing & financing. Komainu (Jersey) Limited is regulated by the Jersey Financial Services Commission. Komainu MEA FZE is regulated by the Dubai Virtual Assets Regulatory Authority. Komainu Connect services are available through Komainu (Jersey) Limited. For more information, visit https://www.komainu.com

Terminal Finance, a highly anticipated decentralized exchange (DEX) incubated by Ethena Labs, is canceling its launch after the Converge blockchain, its intended base layer, failed to go live – showcasing the risks DeFi projects face when relying on untested infrastructure.The DEX was designed specifically for Converge, an institutional-focused blockchain co-developed by Ethena Labs and Securitize. With the network still not launched and no clear timeline, the Terminal Finance team said it could not move forward.The Defiant reached out to Terminal Finance and Ethena Labs for comment but did not receive a response by press time.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Crypto majors are green and reversing yesterday’s selloff, with BTC up 2% at $87,400, ETH flat at $2,820, BNB up 2% at $842, and SOL up 2% at $129. Among top movers, Fartcoin (+14%), SPX (+12%), and PUMP (+9%) led gains. Vanguard announced it will begin allowing trading of crypto ETFs and mutual funds on its brokerage platform, ending its long-standing opposition. Coinbase leadership and Marc Andreessen were sued over an alleged years-long insider-trading scheme. Ripple secured a payments license in Singapore and expanded XRP and RLUSD payment services there. Vitalik Buterin warned that shifting Zcash governance toward token-based voting could erode privacy protections. Federal Reserve Vice Chair Michelle Bowman stated that bank regulators are working on stablecoin rules. Anthropic released a report showing that AI agents discovered zero-day exploits in crypto protocols during testing and pose a threat to vulnerable smart contracts. Meanwhile, House Republicans issued a 50-page report on “Operation Chokepoint 2.0,” alleging that the Fed, FDIC, OCC, and SEC covertly pressured banks to avoid crypto through pause letters, informal guidance, and SAB 121, ultimately debanking more than 30 firms.

DUBAI, UAE, Dec. 3, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, and Mantle, the high-performance distribution and liquidity layer for real-world assets, today announced a strategic partnership led by TokenLogic with Aave to advance decentralized finance (DeFi) accessibility and unlock new onchain liquidity channels for users worldwide. Under this collaboration, Aave will launch on Mantle Network, bringing the industry’s most trusted decentralized lending protocols to a scalable, low-cost, EVM-compatible Layer-2 built for institutional-grade applications and real-world assets. This integration will enable users to supply, borrow, and access tokenized assets powered by Mantle’s fast-growing DeFi, RWA, stablecoin, and restaking ecosystems. The partnership deepens the alignment between Mantle and Bybit, uniting protocol-level innovation with global exchange distribution. With Bybit acting as the Global Liquidity Bridge, the collaboration will strengthen liquidity pathways between centralized and decentralized venues with future plans to explore a variety of product offerings on the exchange including but not limited to asset listing, on-chain earn products, etc., subject to regulatory approval and market readiness. Unlocking a New Era of Onchain Capital Efficiency Aave’s deployment on Mantle establishes a powerful foundation for scalable and composable DeFi strategies, unlocking new liquidity routes that benefit both individual and institutional participants. Mantle’s Layer-2 infrastructure enhances the efficiency of Aave’s lending pools by reducing transaction costs and latency while supporting high-throughput market activity. Bybit’s global exchange infrastructure complements this expansion by offering direct connectivity between centralized liquidity, collateral management, and onchain DeFi markets, providing an integrated pathway for over 70 million users worldwide. As part of the partnership, MNT-based yield incentive programs will be introduced within Aave pools. These incentives aim to reward early participation, strengthen asset utilization, and catalyze healthy liquidity formation within the Mantle ecosystem. “This partnership represents a major step toward making decentralized finance truly scalable and globally accessible,” said Emily Bao, Key Advisor at Mantle.. “By combining Aave’s proven liquidity engine with Mantle’s high-performance Layer-2 and Bybit’s worldwide market reach, we are building a unified financial experience that bridges CEX liquidity with the next generation of on-chain markets.” “Bringing Aave to Mantle reinforces our mission to make high-performance DeFi infrastructure accessible to all,” said Emily. “Together with Bybit, we are creating a more connected liquidity environment – one where users and institutions can engage with decentralized markets confidently, efficiently, and at global scale. This collaboration sets the stage for deeper integrations and future market opportunities.” “This deployment on Mantle, together with Bybit’s global distribution, connects institutional-grade infrastructure with Aave’s deep, 24/7 liquidity,” said Stani Kulechov, Founder of Aave Labs. “By bringing Aave’s lending markets to Mantle’s high-performance network with direct access to Bybit’s exchange, this integration makes transparent, onchain finance available at global scale for institutions worldwide.” “Deploying Aave on Mantle represents an important milestone in expanding our protocol across high-throughput networks to make DeFi win,” said Matthew Graham, Founder and CEO at TokenLogic. “We’re excited to see a lot more users benefit from the efficiencies and new liquidity sources unlocked through this integration with Mantle and Bybit.” Advancing the Future of Integrated On-chain Finance The partnership between Bybit, Mantle and Aave represents a decisive move towards a more unified, liquid, and accessible on-chain financial system. By combining Aave’s protocol security, Mantle’s execution performance and Bybit’s global distribution, the collaboration lays the foundation for the next phase of scalable DeFi infrastructure where capital can move seamlessly between centralized platforms and decentralized protocols. Together, the partners aim to accelerate global DeFi adoption and deliver a frictionless financial environment for retail users, builders, and institutions across the world. About Mantle Mantle positions itself as the premier distribution layer and gateway for institutions and TradFi to connect with on-chain liquidity and access real-world assets, powering how real-world finance flows. With over $4B+ in community-owned assets, Mantle combines credibility, liquidity and scalability with institutional-grade infrastructure to support large-scale adoption. The ecosystem is anchored by $MNT within Bybit, and built out through core ecosystem projects like mETH, fBTC, MI4 and more. This is complemented by Mantle Network’s partnerships with leading issuers and protocols such as Ethena USDe, Ondo USDY, OP-Succinct and EigenLayer. For more information about Mantle, please visit: mantle.xyz For more social updates, please follow: Mantle Official X & Mantle Community Channel About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube About Aave Aave is the world’s largest and most trusted decentralized finance (DeFi) platform, with $55 billion in deposits and over $23 billion in active loans. Built entirely on blockchain software and governed by its community of AAVE token holders, Aave operates as a global savings and borrowing network where people can earn by depositing crypto or stablecoins, borrow instantly using crypto as collateral, save and grow assets automatically, and swap tokens directly in the platform. Everything runs on transparent smart contracts, with no banks, no paperwork, and 24/7 open access worldwide. Visit at Aave.com About TokenLogic TokenLogic is a pioneer in non-custodial asset management and on-chain growth solutions, empowering individuals and institutions to maximize the potential of decentralized finance. As an Aave Service Provider, TokenLogic delivers specialized expertise across treasury management, protocol analytics, and GHO growth initiatives, to strengthen and scale the adoption of Aave’s GHO stablecoin and the broader Aave Protocol liquidity ecosystem. Built on principles of transparency, security, and user autonomy, TokenLogic designs smart-contract–driven strategies that enable users to retain full control of their assets while accessing sophisticated yield and liquidity management. The company continues to expand its suite of products across major DeFi ecosystems, redefining how capital moves and grows on-chain.

Crypto majors are green and reversing yesterday’s selloff, with BTC up 2% at $87,400, ETH flat at $2,820, BNB up 2% at $842, and SOL up 2% at $129. Among top movers, Fartcoin (+14%), SPX (+12%), and PUMP (+9%) led gains. Vanguard announced it will begin allowing trading of crypto ETFs and mutual funds on its brokerage platform, ending its long-standing opposition. Coinbase leadership and Marc Andreessen were sued over an alleged years-long insider-trading scheme. Ripple secured a payments license in Singapore and expanded XRP and RLUSD payment services there. Vitalik Buterin warned that shifting Zcash governance toward token-based voting could erode privacy protections. Federal Reserve Vice Chair Michelle Bowman stated that bank regulators are working on stablecoin rules. Anthropic released a report showing that AI agents discovered zero-day exploits in crypto protocols during testing and pose a threat to vulnerable smart contracts. Meanwhile, House Republicans issued a 50-page report on “Operation Chokepoint 2.0,” alleging that the Fed, FDIC, OCC, and SEC covertly pressured banks to avoid crypto through pause letters, informal guidance, and SAB 121, ultimately debanking more than 30 firms.

Open the Betway app during a busy matchday and you immediately feel the pace. Odds flicker, scores shift, corners update, and somewhere in the middle of it all you make a decision you were not planning five minutes earlier. Open a crypto app on a volatile day and something similar happens. Numbers climb and fall, charts blink, alerts buzz, and your hand hesitates over a button in the exact same way. They are not the same kind of platform, not even close in purpose, yet they create a feeling that lives in the same part of the brain. It is not about betting or investing. It is about movement, timing and the strange calm people try to create while the screen refuses to stay still. The Interface That Teaches You How to Think Betwayapp does not try to overwhelm you. It breaks everything into clean sections. A match, a market, a possibility. Tap once and you’re already where you need to be. Crypto apps do the same. No clutter. No complicated menus. Just your balance, your tokens, your charts. Both apps teach the same habit. You learn to scan quickly. Find what matters. Ignore what doesn’t. It becomes a small skill you stop noticing until someone else grabs your phone and gets lost in the layout. When Real Time Becomes the Whole Experience The strongest resemblance between the two isn’t the design. It’s the rhythm. Betway updates odds the moment something changes on the pitch. A foul, a card, a corner, a stretch of pressure, a long spell of nothing and it all shifts the odds by a fraction. Crypto apps behave the same way. A rumor moves the price. A news headline, a sudden sell off, or even the mood of the market when everything becomes a tiny pulse on the screen. In both cases, you’re not just looking at information. You’re looking at something alive. It reacts to the world and expects you to react with it. The Feeling of Control, Even When You Don’t Have It One reason these apps feel similar is the illusion they create. They make your phone feel like a small control room. Place the bet. Close the position. Cash out. Swap. Wait. Click. You’re interacting with your money directly instead of through a counter, a teller, or a website that loads slowly. Action becomes part of the routine. That sense of immediacy feels empowering, but it also reveals the hidden similarity between betting and crypto trading: both are decisions made under uncertainty dressed as opportunity. Personalised Paths, Different Destinations Betway learns the teams you follow, the markets you prefer and how often you check certain matches. It nudges you gently. You open the app and the things you care about appear first. Crypto apps perform the same quiet trick. They push updates about the tokens you track, highlight trends you often click, and build a small pattern around your behaviour. The apps behave differently, but the way they respond to you feels almost identical. You rarely see random content. You see a version of the world shaped by your own habits. The Split That Never Disappears For all the overlap in experience, the purpose behind each app is very different. Betway revolves around sport, entertainment and trying to read a match before it settles. Crypto platforms revolve around markets, asset value and long term risk. But when you step back and watch how people use both, the resemblance becomes clearer. Not in content, but in behaviour. Both apps make people watch numbers. Both create tension around timing. Both make you check more often than you planned. Both reward calm thinking and punish reactions made too quickly. The Real Connection Betway is not a crypto app, and a crypto app is not a betting platform. But the digital environment they create is the one built on fast updates, personal habits, shifting numbers and quiet decision making and it belongs to the same modern world. It is a world where your phone becomes a dashboard, your instincts compete with your logic, and your choices unfold in real time. That is the resemblance people feel but don’t always know how to explain.

BEIJING, Dec. 2, 2025 /PRNewswire/ — Token Cat Limited (Nasdaq: TC, the “Company”) today announced that its Board of Directors has formally approved a Crypto Asset Investment Policy (the “Policy”), authorizing the Company to allocate a portion of its cash reserves into selected crypto assets under a disciplined risk-management framework. After careful evaluation, the Company decided to proceed with this Policy. Earlier, it appointed Sav Persico, with thirty years of crypto and blockchain experience, as Chief Operating Officer to lead its implementation. Guangsheng Liu, Chief Executive Officer of Token Cat Limited, stated:”The Policy is an important step in strengthening our asset strategy. Sav’s deep expertise in crypto and blockchain will help us execute this long-term plan with strong discipline and effective leadership.” Core Framework of the Policy:1. Defined investment authorization and capital ceilingThe Board has approved an overall allocation limit of up to USD 1 billion for digital asset planning. Deployment will proceed in phases based on market conditions, risk assessments and capital management needs. 2. Selective asset allocationThe initial allocation will focus on emerging crypto project tokens with strong growth prospects, including assets related to AI, RAW-to-chain initiatives, and token-equity hybrid models. Any future expansion into additional asset categories will require reassessment and approval by the Board’s Risk Committee. 3. Highest-Tier Custody Standards: The Company will not self-custody acquired crypto assets. 4. Enhanced governance and oversight structureThe Company has formed a Crypto Asset Risk Committee, led by the CFO, to oversee asset allocation, manage risk controls, and report regularly to the Board. Sav Persico commented:It is an honor to take on this responsibility at such a pivotal time. The Company treats crypto assets as long-term value reserves, not speculative tools, aiming to enhance resilience amid macroeconomic uncertainty. I look forward to advancing our crypto asset strategy and strengthening industry collaboration to support sustainable, long-term growth. Forward Looking StatementsThis press release contains forward-looking statements that involve risks and uncertainties. Additional factors are described in the Company’s filings with the SEC. The Company undertakes no obligation to update these statements except as required by law.

DALLAS, Dec. 2, 2025 /PRNewswire/ — On December 1, Cango Inc. (NYSE: CANG) (“Cango” or the “Company”) announced its unaudited financial results for the third quarter ended September 30, 2025. Third Quarter 2025 Financial and Operational Highlights Total revenues were US$224.6 million in the third quarter of 2025, an increase of 60.6% compared with the second quarter of 2025. Revenue from the bitcoin mining business in the third quarter of 2025 was US$220.9 million. Operating income was US$43.5 million and net income was US$37.3 million over the period. Adjusted EBITDA for the third quarter of 2025 was US$80.1 million. Average operating hashrate increased steadily from 40.91 EH/s in July to 44.85 EH/s in September and further improved to 46.09 EH/s in October, with efficiency surpassing 90%. This was primarily due to mining facility relocations, operational enhancements and miner hardware upgrades. A total of 1,930.8 BTC was mined over the third quarter, averaging 21.0 BTC per day, up 37.5% in total output and 36.0% in daily production compared with the second quarter of 2025. Average cost to mine, excluding depreciation of mining machines, was US$81,072 per BTC, with all-in costs of US$99,383 per BTC. As of the end of September 2025, the Company had mined 5,810 BTC since entering the bitcoin mining industry. The Company completed the termination of its ADR program and transitioned to a direct listing on the NYSE to optimize its capital structure, enhance corporate transparency, and align with its strategic focus. Mr. Paul Yu, Chief Executive Officer of Cango, said, “This quarter marks a significant milestone. It’s been one year since our strategic transformation into a bitcoin miner. During the third quarter, we remained focused on our core mining operations, further strengthening Cango’s position as a scaled and operationally disciplined bitcoin miner. Specifically, we mined 1,930.8 BTC, averaging 21.0 BTC per day. While consolidating our core business, we also clarified our long-term strategy: building a global, distributed AI compute network powered by green energy, with bitcoin mining as the practical on-ramp toward our energy and compute ambitions. In the near term, we will continue to closely monitor market dynamics, manage our deployed output, and explore partnership models to mitigate market risks and enhance operating stability.” Full article link: https://ir-image.cangoonline.com/ir-documents/2025-12-2-Cango-Inc-Reports-Third-Quarter-2025-Unaudited-Financial-Results.pdf Investor Relations Contact Juliet Ye, Head of Communications Cango Inc. Email: ir@cangoonline.com

Yearn Finance, the veteran yield-aggregation protocol, has suffered another attack that drained millions from yETH, a Yearn token that bundles several types of staked Ethereum into a single asset.In a thread on X, the Yearn Finance team confirmed that on Sunday, an incident occurred involving the yETH stableswap pool that resulted in the minting of a “large amount of yETH.”In a post-mortem report on Monday morning, the team wrote that the incident is the result of the intersection of a “low-level numerical bug” and a “high-level invariant-management issue.”To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Fidelity’s tokenized money market fund, all of which is on Ethereum, has surpassed $250 million in on-chain value almost four months after its debut.The fund, known as Fidelity Digital Interest Token (FDIT), is a tokenized share class of Fidelity’s Treasury money market fund, offering on-chain exposure to U.S. Treasury securities and other short-term government-backed instruments.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

U.S. crypto asset manager Bitwise says most digital asset treasury (DAT) companies are likely to be taken over by bigger players as the sector starts to shrink.In an X post on Nov. 24, Bitwise CEO Hunter Horsley suggested that it’s still early days for DATs and that they’re on track to become operating companies that will “acquire and consolidate” smaller private crypto firms. The X post was in response to Bitwise chief investment officer Matt Hougan’s Nov. 23 thread in which he said size will ultimately determine which DATs survive. Larger firms can issue debt, lend crypto, access deeper derivatives markets or even pursue discounted acquisitions, Hougan wrote.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

DUBAI, UAE, Nov. 27, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced support for USDT0 deposits and withdrawals on Mantle Network, becoming one of the first global exchanges to enable seamless cross-chain USDT0 flows. This integration makes Mantle the largest exchange-related Layer 2 network by total value locked (TVL). By supporting the new cross-chain standard for USDT, Mantle and Bybit are jointly positioned at the forefront of unified stablecoin liquidity infrastructure. USDT0 is the cross-chain deployment of USDT, the largest stablecoin, serving as a “unified liquidity layer” across multiple networks. Built on LayerZero’s Omnichain Fungible Token (OFT) standard, USDT0 uses a mint-and-burn architecture that maintains a strict 1:1 backing and eliminates fragmented bridges. With this launch, Bybit users will soon be able to: Deposit USDT0 from Mantle Network directly into Bybit Withdraw USDT0 from Bybit directly to Mantle Network Enjoy zero-fee USDT0 withdrawals to Mantle for a limited time This collaboration brings together USDT0 as a liquidity infrastructure, Mantle as a leading exchange-linked L2 network, and Bybit as a global liquidity venue to help build the next phase of cross-chain stablecoin infrastructure. USDT0 as a Unified USDT Layer USDT0 aims to reshape stablecoin movement with: One liquidity layer: A single omnichain representation of USDT, not fragmented wrapped variants. Native cross-chain architecture: Using LayerZero’s OFT standard for direct mint-and-burn transfers. Simplified UX: Eliminating multi-hop bridging and complex routing for users and institutions. Bybit’s support for USDT0 on Mantle syncs centralized liquidity, onchain applications, and cross-chain flows into a cohesive experience, giving users more predictable and efficient access to Tether-based liquidity. Mantle as a Leading Exchange-Connected Network for USDT0 Mantle Network is a modular Layer 2 built on Ethereum, with deep ties to exchange infrastructure and a focus on distribution and liquidity for tokenized assets and real-world finance. Being among the first exchange-related networks to support USDT0 early, alongside Tether & Bybit, reinforces Mantle’s positioning as: A high-performance L2 optimized for stablecoin settlement and cross-chain flows. A gateway for exchange liquidity and institutional capital entering onchain ecosystems. A hub for DeFi, tokenization, and RWA markets built on stable, programmable collateral like USDT0. For users, this means: Fast, low-cost USDT0 transfers on Mantle. Direct access to Bybit markets using USDT0 as a settlement and liquidity asset. Streamlined deployment of capital into Mantle-native applications. “Supporting USDT0 early, together with Tether and Bybit, is a strategic step for Mantle,” said Emily Bao, Key Advisor at Mantle. “It strengthens Mantle’s role as a core venue for cross-chain stablecoin liquidity and the onchain capital markets that depend on it.” “USDT0 was designed to unify liquidity across chains, and Mantle’s high-performance infrastructure makes it an ideal network for this vision,” said Lorenzo R., Co-Founder at USDT0. “Working alongside Bybit and Mantle enables us to deliver a more seamless, interoperable stablecoin standard that improves UX and accelerates multi-chain adoption for users and institutions alike.” Improving Onchain UX and Capital Movement USDT0 is designed to make stablecoin flows feel more intuitive and direct: More efficient cross-chain liquidity movement Reduced operational friction for both retail and institutional users Stronger alignment between centralized exchange rails and onchain destinations Bybit’s integration adds: A centralized liquidity hub for USDT0 trading and portfolio management Direct on/off-ramps between Mantle and Bybit Free withdrawals during the initial rollout to encourage early adoption Strategic Importance for Tether, Mantle, and Bybit The early alignment across all three parties reflects a broader industry shift toward: Cross-chain stablecoin standards that unify rather than fragment liquidity Next-generation L2 infrastructure designed for high-volume capital flows Integration between issuers, exchanges, and high-performance networks Infrastructure required for DeFi, tokenization, and institutional-grade asset movement With USDT0 now live on Mantle and will soon be available on Bybit, the ecosystem takes a major step toward a borderless, frictionless stablecoin standard that will underpin the next era of onchain finance. About Mantle Mantle positions itself as the premier distribution layer and gateway for institutions and TradFi to connect with onchain liquidity and access real-world assets, powering how real-world finance flows. With over $4B+ in community-owned assets, Mantle combines credibility, liquidity and scalability with institutional-grade infrastructure to support large-scale adoption. The ecosystem is anchored by $MNT within Bybit, and built out through core ecosystem projects like mETH, fBTC, MI4 and more. This is complemented by Mantle Network’s partnerships with leading issuers and protocols such as Ethena USDe, Ondo USDY, OP-Succinct and EigenLayer. For more information about Mantle, please visit: mantle.xyz For more social updates, please follow: Mantle Official X & Mantle Community Channel About USDT0 USDT0, the unified liquidity network for USDT, simplifies cross-chain movement without fragmented pools or complex bridges. As the unified gateway for USDT interoperability and expansion, USDT0 simplifies cross-chain liquidity, enhances accessibility, and unlocks new use cases for Tether holders, businesses, and DeFi platforms. With a focus on efficiency and scalability, USDT0 is redefining how USDT operates across networks. For more information, visit USDT0.to or follow us on Twitter @USDT0. About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

SpaceComputer, a startup that plans to use satellites to run secure computing for blockchains, has raised $10 million in a seed round, according to an announcement shared exclusively with The Defiant. The firm said the funds will be used to build an orbital network that can process blockchain operations securely from space.The seed round was co-led by Maven11 and Lattice, with participation from Superscrypt, the Arbitrum Foundation, Nascent, Offchain Labs, Hashkey, and Chorus One, among others. Individual investors include Marc Weinstein, Jason Yanowitz, and Ameen Soleimani. This raise follows a pre-seed round led by Primitive Ventures earlier this year, the announcement notes.The funding will be used to build and launch SpaceComputer’s first satellites, as well as the secure computing hardware they carry. These satellites, called SpaceTEE units, will run secure blockchain and cryptography tasks from space, according to the press release.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Crypto majors were slightly red, with BTC down 1% at $86,600 and ETH down 1% at $2,910, while BNB gained 1% to $856 and SOL held steady at $136. Among top movers, MON (+24%), SPX (+13%), and IP (+7%) led the market. In policy and institutional developments, Texas launched its Bitcoin reserve with a $5 million purchase of BlackRock’s IBIT ETF, marking the first deployment of its approved $10 million BTC budget. U.S. Bank completed a test of issuing a proprietary stablecoin on the Stellar network, and MoonPay secured a New York trust charter, joining firms like Coinbase and Ripple to expand institutional custody and service capabilities. Polymarket received CFTC approval to reenter the U.S., enabling it to onboard domestic users, brokers, and intermediaries, while Kalshi was blocked in Nevada from offering sports and election markets after a judge reversed an earlier ruling. Klarna introduced its own stablecoin, KlarnaUSD, on Tempo. Meanwhile, the Department of Homeland Security has reportedly been investigating Bitmain as a national security risk, examining whether the company can remotely access its equipment.

DUBAI, UAE, Nov. 26, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange, is proud to be marking its seventh anniversary by celebrating its trading community of nearly 80 million users around the globe. Featuring $2.5 million in reward, a series of celebratory events from now into the new year will offer Bybit users worldwide the opportunity to win rewards through festive and themed activities, and share in Bybit’s achievements over the years. Reflecting on seven years of innovation, growth, and dedication to building a compliant, user-focused digital asset platform, Ben Zhou, Co-founder and CEO of Bybit, expressed appreciation for Bybit’s community and ecosystem partners. “Bybit was founded on the idea that all traders deserve a platform that listens and adapts. It has since grown into an ecosystem shaped by genuine passion for the industry, persistence, and transparency,” said Ben Zhou, co-founder and CEO of Bybit. “Bybit’s journey is guided by open conversations—sometimes challenging, always honest—with our users. Marking our seventh anniversary, we want to give back and celebrate with the community that made this journey possible.” #7Up with Bybit: $2.5 Million in Seasonal Rewards The Bybit #7Up celebration highlights the community’s journey to grow, scale, and lift each other up together. From November 26, 2025, to January 6, 2026, eligible users traders can join in six themed prize pools throughout the holiday season until the final Blast Off in January 2026. Rewards are distributed based on community engagement and user achievement in three winning tracks: Non-Stop Rewards to End the Year: Six seasonal prize pools will be unlocked throughout the event period. Eligible users stand to win from six prize pools by reaching Mantle avatar levels. In each round throughout the holiday season, participants who successfully unlock new levels stand to win rewards from 2025 all the way to the new year. Grand Prize Leaderboard: Points accumulated during the event will help traders secure their top spots in the main leaderboard. The highest ranking 7,777 participants will get to share a large prize pool, with the best-performing participant entitled to the grand prize of $77,777. Lucky Draws – 100% Chance of Winning: Users can win Lucky Draw entries by completing a variety of designated tasks during the campaign period. Every draw guarantees a prize with rewards ranging from a minimum of 0.7 USDT up to 77 MNT for each entry. Breaking Barriers: Regulatory Achievements Meet Innovation Bybit’s seventh year included significant progress on regulatory alignment, with Bybit EU officially obtaining the Markets in Crypto-Assets (MiCAR) license in Austria. This approval strengthens Bybit’s commitment to compliance and long-term service to European users, providing a model for crypto assets regulation across the region. In the UAE, Bybit became the first crypto exchange to secure a full Virtual Asset Platform Operator License from the UAE’s Securities and Commodities Authority (SCA), following an in-principle approval early in 2025. The recognition underscores Bybit’s reputation for high standards in compliance, governance, and security, further positioning the UAE as a global leader in digital asset regulation. Byreal, a Solana-based decentralized exchange (DEX) backed by Bybit was launched in October, accelerating the development of decentralized liquidity infrastructure. The platform has achieved remarkable traction in a short space of time, currently ranking No. 5 by 30-day fees and revenue on DefiLlama’s Solana DEX rankings with over $869 million in cumulative trading volume. The platform has expanded partnerships to over 40 projects across real-world assets (RWA), AI, infrastructure, and DeFi, and supports 13 xStocks tokenized equities through its advanced execution layer. In the past year, Bybit has enhanced Mantle’s integration across its platform and deepened strategic alliance, fueling the rapid development and integration of advanced DeFi infrastructure. This partnership signals a new wave of blockchain innovation and positions Bybit at the forefront of growing access to sophisticated onchain tools for users and institutions alike. 2025 also marked crypto’s first GUINNESS WORLD RECORDS: Bybit’s flagship trading competition, the World Series of Trading (WSOT) 2025, made history by earning a GUINNESS WORLD RECORDS title for the most participants in an online trading competition within 24 hours, an industry-first and a manifestation of the power of the community. Since its inception, Bybit has been committed to raising standards for performance, transparency, and user empowerment in the crypto and blockchain sector. The trust and loyalty of Bybit’s global user base have inspired ongoing innovation and resilience through bulls and bears. The 7th anniversary stands out as a testament to the collaborative spirit and energy within the Bybit community. Terms and conditions apply. For details of eligibility and restrictions, users may visit: Bybit | #7Up #Bybit / #CryptoArk /#IMakeIt About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Crypto asset manager Grayscale has filed a registration statement with the U.S. Securities and Exchange Commission seeking to convert its Grayscale Zcash Trust into a spot ZEC exchange-traded fund (ETF).In a preliminary prospectus dated Nov. 26, Grayscale said it plans to list the fund on NYSE Arca under the ticker ZCSH. The filing names Coinbase Custody as custodian and Coinbase as prime broker. The Bank of New York Mellon will act as transfer agent and administrator of the ETF.As of Nov. 25, Grayscale Zcash Trust held about 394,400 ZEC, worth around $199.2 million at current market price, per data from Grayscale’s website.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

SKALE, a blockchain platform focused on AI agent-driven applications, on Tuesday launched its “Expand” initiative on Base – Ethereum’s second-largest Layer 2 (L2) with a total value locked (TVL) of over $4.3 billion.The initiative allows SKALE’s main smart contracts, called SKALE Manager, to run on any EVM-compatible blockchain. This gives developers access to SKALE’s gasless transactions, instant execution, and private, encrypted processing.Expand is also designed so the same agent code and x402 payment flows can run across multiple blockchain ecosystems without needing to adjust for different gas models or user experiences, according to a press release viewed by The Defiant. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

DUBAI, UAE, Nov. 25, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency, is enhancing support for its trading community by temporarily reducing the minimum subscription for its Private Wealth Management (PWM) program to 250,000 USDT—a 50% reduction from the standard threshold. This exclusive year-end initiative for Bybit VIPs expands access to institutional-grade wealth management strategies designed to navigate today’s dynamic market conditions. As macro uncertainty continues to shape short-term outlooks, discerning investors are prioritizing tailored strategies that preserve capital while generating compelling risk-adjusted returns. Bybit’s PWM services have demonstrated compelling resilience during recent market fluctuations, with the top-performing fund achieving an impressive 16.94% APR in October 2025, attesting to the value of smart, data-driven portfolio and risk management in times of volatility. Delivering Value Through Expertise Bybit PWM combines bespoke asset allocation strategies with dedicated relationship management, offering clients: Customized portfolio design tailored to individual risk profiles and investment objectives Active risk management designed to preserve capital during volatile market conditions Exclusive access to curated private funds and institutional-grade investment opportunities Dedicated support from experienced wealth management professionals “This VIP exclusive year-end initiative reflects our commitment to supporting our high-net-worth clients when thoughtful portfolio management matters most,” said Jerry Li, Head of Financial Products and Wealth Management at Bybit. “By adjusting the entry requirement, we’re extending institutional-quality solutions to a wider group of sophisticated investors. Whether markets rise or fall, Bybit PWM delivers what clients need: consistency, disciplined strategies, and dependable performance.” This limited-time subscription requirement adjustment arrives as investors seek to position their portfolios strategically ahead of the new year. Eligible VIP clients can now access Bybit’s comprehensive PWM services, including private portfolio management and personalized investment planning, with a significantly lower entry point. Qualified investors interested in exploring Bybit PWM are encouraged to contact their Relationship Manager or reach out to the dedicated Wealth Management team at wealth@bybit.com or through the online contact form. #Bybit / #CryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com. For more details about Bybit, please visit Bybit PressFor media inquiries, please contact: media@bybit.comFor updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

RAIN rallied more than 120% in the past 24 hours after biotech firm Enlivex said it would raise $212 million and begin shifting its corporate treasury into the token, according to a press release shared with The Defiant.The token, which powers the decentralized predictions and options protocol of the same name, is currently trading at $0.008, with a market capitalization of $1.7 billion. RAIN is the second-largest gainer of the day among the top-100 tokens, and ranked 65th by market capitalization, according to CoinGecko. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Crypto majors slipped slightly after the weekend rally cooled, with BTC down 1% at $86,000, ETH down 1% at $2,800, BNB down 1% at $840, and SOL down 1% at $129. Among top movers, CC (+12%), XDC (+3%), and AAVE (+3%) led gains. The Crypto Fear & Greed Index has remained in Extreme Fear for 12 consecutive days. Coinbase acquired Tensor’s Vector dot Fun team, transferring the TNSR token to the foundation. Satoshi Nakamoto’s estimated BTC fortune fell by roughly $41 billion during Friday’s selloff. Zcash developers outlined preparations for future quantum threats, claiming ZEC’s protocol design and upgrade paths leave it better positioned than Bitcoin for a cryptographic transition. Cardano’s network experienced a “poisoned” transaction attack that caused a chain split. Meanwhile, crypto industry lobbyists held a private tax-policy dinner with lawmakers to advocate for friendlier digital-asset tax treatment amid broader market-structure debates. Additionally, Strike CEO Jack Mallers said JPMorgan closed his bank accounts without providing an explanation.

The NFT lending market has collapsed to single-digit millions in total value locked (TVL), plunging to levels last seen in 2022. Data from DefiLlama shows the sector’s TVL at roughly $8.3 million today, down roughly 97% from the sector’s all-time high of more than $300 million in March 2024.Arcade, a Pantera Capital‑backed NFT lending startup that secured $15 million in Series A in December 2021, now shows only about $300,000 in TVL, down more than 98% from its peak of $21.5 million in March 2024.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Btc: 81.6k (-11%) | btc.D: 58.8% (-0.5%). Eth: 2665 (-12%) | bnb: 800 (-11%) | sol: 123 (-13%). Bitcoin and Ethereum ETFs saw significant outflows, with broader crypto markets falling sharply as strong jobs data reduced expectations for interest-rate cuts. Bitcoin’s technicals weakened, with RSI hitting a three-year low and the price hovering only slightly above a major strategy’s average entry level. Major holders were reported to be selling, including a long-term wallet unloading $1.4 billion in BTC and another entity selling 10,000 ETH to support a share buyback. Institutions faced pressure as well, with concerns that certain digital-asset-related companies could be removed from major indexes, while one prominent mining-related firm carried billions in unrealized losses. Some attributed part of the sell-off to a software glitch. Meanwhile, policy and corporate developments continued: a U.S. representative introduced new crypto legislation, Metaplanet announced plans to purchase $95 million in BTC, Coinbase launched ETH-backed loans through Morpho, and Securitize partnered with Plume to expand real-world-asset offerings. India also signaled plans to launch an ARC stablecoin.

Dinari announced Thursday that it is integrating LayerZero, an interoperability protocol, enabling its tokenized U.S. stocks, known as dShares, to trade and settle across multiple blockchains.Dinari is an on-chain protocol offering tokenized securities trading with a total value locked of around $45 million, per DeFiLlama. The initial rollout covers four blockchains and 200 tokenized U.S. stocks, with plans to expand to LayerZero’s network of more than 150 blockchains and eventually the full U.S. stock market.Each dShare is backed 1:1 by the underlying security, while LayerZero’s Omnichain Fungible Token (OFT) standard allows the tokens to transfer across different blockchains without creating separate versions, according to a press release viewed by The Defiant. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Crypto.com to Also Provide OTC Trading Capabilities for VerifiedX NEW YORK, Nov. 21, 2025 /PRNewswire/ — Crypto.com and the VerifiedX (VFX) Network (VerifiedX.io), the people’s network and a global leader in self-custody and Web3 wallet infrastructure, today announced that Crypto.com will provide VerifiedX secure institutional-grade custody and liquidity support for $1.5 billion in assets, as well as OTC trading capabilities. Through this partnership, eligible institutions using VerifiedX can securely store, manage, and transact digital currencies using Crypto.com’s regulated, institutional-grade custody platform. Crypto.com’s custody service offers multi-user permissions, customizable governance workflows, and insured custody solutions, meeting growing demand for scalable, low-cost, and compliant blockchain infrastructure. “Crypto.com Custody is specifically designed with expectations of institutional-grade clients,” said Eric Anziani, President and COO of Crypto.com. “We are pleased to be selected by VerifiedX, a leader in self-custody and digital asset wallet capabilities, to further enhance an established custody offering for all client needs.” “As the people’s network, the mission is clear – to make custody seamless, secure, and globally accessible. Partnering with Crypto.com significantly elevates that very ethos with best in-class custody and liquidity infrastructure,” said The VerifiedX Foundation. “By incorporating Crypto.com’s world class regulated custody and OTC trading capabilities, the network reinforces its commitment to providing users and institutions the safest, most scalable path to interact with digital assets across the VFX ecosystem. This partnership further advances a global infrastructure with liquidity and custody options, supporting a new generation of builders and users for payments, savings, commerce, and utility on the VerifiedX network.” This is the latest initiative between Crypto.com and VerifiedX, following their initial partnership to integrate Crypto.com Pay, Crypto.com’s payment solution, and on-ramp services directly into VerifiedX’s Switchblade Wallets to deliver a seamless, secure, and scalable experience for everyday users and developers alike. Crypto.com Custody offers custody services to eligible institutions and high-net-worth clients through a comprehensive, end-to-end solution with safety and security at its core. Prospective clients interested in Crypto.com’s custody offering can submit contact requests at crypto.com/custody. About Crypto.com Founded in 2016, Crypto.com is trusted by millions of users worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation. Learn more at https://crypto.com. About VerifiedX VFX (VerifiedX.IO) is the people’s network. VFX is the first fully open-source decentralized network that is both a universal layer 1 and a Bitcoin specific sidechain / reliever chain, for the purpose of tokenized self-custody, on-chain storage, and peer-to-peer commerce of both digital & physical assets. The network’s native coin (VFX) can be accessed directly in-wallet, and enables minting of Verified Bitcoin Tokens (vBTC) with a 1:1 evergreen self-custodial peg coupled with smart contract utility and full asset recovery features for funds. Providing robust in-wallet and self-custodial options for everyday users to plan, transact, save, spend, borrow, and vault Bitcoin, VFX funds, and digital assets are the cornerstone of the VerifiedX ethos. As the first universal layer 1 and Bitcoin reliever chain, the network dramatically reduces costs of ownership and frictions for everyday users and integrators around the world and provides multiple layers of convenience, security, and self-custodial empowerment. Learn more at VerifiedX.io. Contact press@crypto.com

Crypto majors are slightly green and rebounding after a strong NVDA earnings beat lifted broader markets, with BTC up 1% to $91,800, ETH down 2% to $3,020, BNB down 2% to $900, and SOL up 2% to $142. Among top movers, ATOM and Pi each gained 10%, while FET rose 8% and ZEC added 7%. Despite short-term strength, Bitcoin and Ethereum charts have printed death crosses—patterns that often signal extended weakness but can also coincide with local bottoms. U.S. interest rate-cut odds have fallen to just 33% after delayed economic data and FOMC minutes dampened expectations for a December cut. On the tech front, Vitalik Buterin warned that quantum computing could compromise Ethereum’s current cryptography by 2028, urging a shift to quantum-resistant security within four years. Industry developments continue to accelerate: Kraken confidentially filed for a U.S. IPO one day after securing an $800 million raise; Coinbase hinted at a “new era” following code leaks suggesting early work on prediction markets and stock-trading modules; and the UAE tripled its position in BlackRock’s IBIT to $518 million. Regulatory and legal actions also made headlines as Samourai Wallet co-founder Bill Hill received a four-year sentence for operating an unlicensed Bitcoin mixing service. Meanwhile, Bitcoin miner fees fell to a 12-month low, tightening margins across the mining sector. In corporate disputes, Anthony Pompliano’s potential $400 million payout from ProCap’s Bitcoin DAT is being challenged by Glazer Capital ahead of the December merger vote. Looking ahead, India announced plans to launch a stablecoin called ARC—pegged 1:1 to the rupee under its CBDC framework—in Q1 2026.

Plume – a blockchain focused on real-world asset finance (RWAfi) with $159 million in total value locked – announced Thursday that tokenization platform Securitize will deploy institutional-grade assets on its Nest staking protocol.Nest currently holds over $39.5 million in distributed assets, down nearly 30% over the past month, according to RWAxyz. The upcoming deployment will connect Securitize’s tokenized assets with Plume’s network of roughly 280,000 RWA investors, according to a press release viewed by The Defiant. Securitize also tokenized BlackRock’s BUIDL fund – the largest RWA product with over $2.5 billion in assets.The deployment onto Nest will start with Hamilton Lane funds and expand throughout 2026 to include additional issuers and asset classes. The fund is targeting $100 million in capital, the release noted. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

NEW YORK, Nov. 20, 2025 /PRNewswire/ — Global investment and fintech powerhouse Touareg Group has announced the official launch of Touareg Group Technologies Co., capitalized with a paid-up fund of USD 1 billion. At the heart of this milestone is TrustglobeX, the Group’s flagship crypto exchange set to redefine the global digital-asset industry through unmatched liquidity, cutting-edge infrastructure, and a bold international vision. TrustglobeX represents the cornerstone of Touareg Group’s expansion into the digital-finance frontier. Designed for both institutional and retail markets, the exchange combines deep-liquidity architecture with lightning-fast transaction speeds and a multi-chain trading environment. Its hybrid wallet system delivers instant accessibility alongside top-tier security, while its advanced analytics and intelligent order-execution engine give traders a decisive edge in fast-moving markets. Chris Martin, Head of Financial and Strategic Investor Group at Touareg Group, described TrustglobeX as “the financial engine of a new digital economy,” emphasizing that the platform is backed by tangible capital strength and long-term commitment rather than speculation. “This USD 1 billion investment is not symbolic — it represents our absolute determination to build a serious, world-class crypto exchange that can stand among the global leaders for decades to come,” Martin said. “Touareg Group is entering this arena with conviction, discipline, and a vision to shape the future of digital finance.” With its billion-dollar foundation, Touareg Group Technologies Co. is setting a new benchmark for financial strength and credibility in the crypto sector. The company plans to expand TrustglobeX across Asia, the Middle East, and Europe through regional hubs that connect liquidity, foster innovation, and serve millions of users worldwide. Analysts already view TrustglobeX as one of 2025’s most anticipated global launches — a platform built not only for today’s traders but for the next generation of digital-asset pioneers. From its financial power to its unwavering vision, TrustglobeX embodies Touareg Group’s philosophy of “Trust Without Borders,” signaling a bold step toward a smarter, faster, and more connected world of finance.

Nearly four months after the Securities and Exchange Commission (SEC) acknowledged BlackRock’s filing to permit staking in the firm’s Ethereum ETF, the $10 trillion investment firm has registered a new staked Ethereum Trust.The iShares Staked Ethereum Trust was incorporated in Delaware today, according to state filings.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Payward, the parent company behind U.S. centralized crypto exchange Kraken, took its first formal step toward going public. In a Nov. 19 press release, the Wyoming-based firm said it confidentially filed a draft S-1 with the U.S. Securities and Exchange Commission for a planned IPO.The size and pricing of the deal weren’t disclosed, with Payward saying it will decide once regulators finish reviewing the filing and market conditions settle.Kraken's New $20B ValutionTo continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Circle on Tuesday introduced xReserve, a new system that enables blockchain teams to issue USDC-backed stablecoins that can easily move across different blockchains.USDC is currently the second-largest circulating stablecoin with a market capitalization of $74 billion. The system employs Circle’s attestation service to verify transactions, reducing the need for third-party bridges. Traditional bridged USDC tokens often do not work smoothly with native USDC, which limits liquidity and confuses users, Circle explained in a blog post. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

The Bank of NY Mellon Corporation’s (BNY) new money market fund, which launched last Thursday, Nov. 13, may provide greater safety for stablecoin reserves but does not eliminate all operational and structural risks, experts say.The fund, called the BNY Dreyfus Stablecoin Reserves Fund (BSRXX), is designed to hold reserves for stablecoins issued under the GENIUS Act, with Anchorage Digital providing the initial investment. While it does not invest in stablecoins itself, the fund offers a regulated place for issuers to park their cash.The move reflects a broader trend of traditional financial institutions like Visa and Mastercard pushing deeper into digital assets – especially stablecoins, which have recorded massive growth this year alone. Currently, the stablecoin sector has a market cap of over $305 billion, up sharply from $206 billion in January. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Infura, a blockchain infrastructure firm owned by Consensys, is expanding its API data marketplace, the Decentralized Infrastructure Network (DIN), to run on EigenLayer, a protocol that lets Ethereum stakers reuse their staked ETH to secure external services.In a press release shared with The Defiant, Infura said this marks the first large-scale RPC and API marketplace to run as an EigenLayer Autonomous Verifiable Service. That means the service is now backed by stakers who can earn rewards if it performs well, or lose part of their stake if it fails, encouraging operators to stay online.E.G. Galano, co-founder of Infura, said that using EigenLayer allows the team to realize its vision on a “proven restaking standard backed by the strongest asset in crypto: restaked ETH.”To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

COPENHAGEN, Denmark, Nov. 17, 2025 /PRNewswire/ — The Blockchain for Good Alliance (BGA), a flagship non-profit founded by Bybit and championing responsible innovation, successfully concluded the Blockchain Impact Forum 2025 in Copenhagen alongside the United Nations Development Programme (UNDP) Alternative Finance Lab (AltFinLab). The two-day gathering brought together over 300 policymakers, technologists, and impact leaders from more than 30 countries to explore how blockchain can deliver measurable progress toward the UN Sustainable Development Goals (SDGs). A Platform for Collaboration and Purpose Held on November 4–5, the Forum opened with “Chains of Change”, an invite-only leadership day dedicated to governance, digital public infrastructure, and cross-sector partnerships. The second day featured the BGAwards, which included the SDG Blockchain Accelerator Showcase organized by UNDP AltFinLab, spotlighting blockchain projects addressing real-world challenges in financial inclusion, sustainability, and digital trust. The BGAwards officially marked the world’s first major convention fully dedicated to showcasing how blockchain can drive positive global impact, a pivotal step forward for the blockchain industry. Key Topics and Speakers The Forum’s agenda featured interactive panels, keynotes, and project showcases under three main themes: Blockchain for Digital Public Goods — exploring governance, digital identity, and transparent data systems. Finance for Inclusion and Impact — examining blockchain’s role in democratizing access to capital and improving financial equity. Sustainability and Climate Accountability — showcasing blockchain use cases in carbon tracking, supply chain traceability, and ESG reporting. Prominent speakers included Helen Liu, Co-CEO of Bybit and Founder of the Blockchain for Good Alliance; Robert Pasicko, Team Leader at UNDP AltFinLab; Frederik Gregaard, CEO of the Cardano Foundation; David Ripley, CEO of Kraken; Kurt Nielsen, President of Partisia Blockchain; Nina Rong, Head of Ecosystem Development at the Arbitrum Foundation; Sunny Lu, CEO of VeChain; and Prof. Morten Meyerhoff Nielsen of the United Nations University (UNU-EGOV). Their insights emphasized blockchain’s evolving role in creating trust-based systems, enhancing transparency, and bridging the gap between innovation and global development. Helen highlighted the Alliance’s mission: “Blockchain technology has matured beyond speculation. At the Forum, we saw how builders, governments, and institutions are using it to foster transparency, accountability, and tangible social impact.” Celebrating Excellence: BGAwards 2025 The Forum culminated with the BGAwards 2025, honoring blockchain projects that exemplify measurable contributions to the SDGs and demonstrate the power of innovation for public good. SDG Blockchain Accelerator Winners (USD 2,000 each): Genius Tags, Plastiks and ZenGate. BGA Incubation 2025 Winners Ideation Stage: Kelox (1st – $10,000); Give Hope ($3,000); Nuva ($3,000); Social Activation ($3,000) Growth Stage: Token Tails (1st – $30,000); Rumsan (2nd – $20,000); EsusFarm (3rd – $10,000); Joint Funds Initiatives BGA × Hetu Protocol × Aura Sci: Genpulse (1st – $30,000); Genosight (2nd – $20,000); Ideosphere (3rd – $10,000) BGA × Masverse: Cokeeps, Smart Orchard System, WeeKongSi ($20,000 each) Special Recognition Stewardship Awards: Adam Flinter and Mickey Amami Commendation Award: Dr. Lisa Cameron This year’s honorees reflect the Alliance’s commitment to advancing blockchain solutions that drive measurable progress across sustainability, inclusion, and digital trust — turning innovation into impact for communities worldwide. Blockchain for Global Good Throughout the two days, participants reaffirmed the need for collaboration across public and private sectors to ensure blockchain innovation aligns with human development goals. The Forum showcased how blockchain can strengthen institutional trust, unlock new forms of financing, and build transparent systems that advance social and environmental progress. Helen Liu, Co-CEO of Bybit and Founder of the Blockchain for Good Alliance, remarked: “What we witnessed in Copenhagen is a movement taking shape — where blockchain offers a shared infrastructure for trust and accountability. Our mission at BGA is to turn innovation into impact, ensuring that every block built contributes to a fairer, more sustainable future.” The Blockchain for Good Alliance continues to expand its ecosystem, accelerating responsible blockchain initiatives that deliver on the promise of technology for a more inclusive and sustainable world. #Bybit / #TheCryptoArk / #BGA About Blockchain for Good Alliance (BGA) The Blockchain for Good Alliance (BGA) is a long-term collaborative non-profit initiative with key partners with the main aim to contribute to societal good by using blockchain technology to solve real world problems. By convening leaders, innovators, and organisations from across the blockchain community, BGA seeks to drive innovation, collaboration, and action towards a more sustainable and equitable world. For more information Email: hello@chainforgood.org Website: www.chainforgood.org Twitter: www.x.com/chainforgood

Key Highlights: 10 million users worldwide, marking 66% growth in 2025 Spot trading volume up 122%, driven by stronger liquidity and user engagement Futures trading volume increased 26% year-on-year 99.999% uptime maintained through major system upgrades Complete rebrand reinforcing Phemex’s user-first mission APIA, Samoa, Nov. 17, 2025 /PRNewswire/ — Phemex, a user-first crypto exchange, celebrates its 6th anniversary with the campaign theme “Future With U”. The milestone follows a defining year of transformation — from a full-scale rebrand to record-breaking user growth and strengthened platform security — symbolizing Phemex’s evolution into a forward-looking, resilient, and human-centered brand. 2025: A Year of Resilience and Growth The year 2025 was pivotal for Phemex. In response to shifting market conditions and internal operational challenges, the exchange conducted a comprehensive system overhaul to strengthen its technical and security foundation. Upgrades included multi-layer wallet protection, AI-driven monitoring, and enhanced disaster recovery mechanisms — all implemented while maintaining 99.999% uptime. This renewed infrastructure laid the groundwork for strong business performance. Global user numbers surged by 66%, spot trading volume more than doubled with a 122% increase, and futures trading rose 26% year-on-year. These achievements reflect Phemex’s ability to convert resilience into growth, reinforcing its position as one of the most trusted and efficient exchanges in the industry. Rebranding for the Future: “For You. For Tomorrow.” This anniversary also follows Phemex’s comprehensive rebrand. The rebrand defined what Phemex stands for — an efficient, transparent, and forward-thinking platform that empowers users through smarter financial freedom. The refreshed identity, visual language, and storytelling approach connect the brand more deeply with traders worldwide. “Future With U”: A Campaign About Shared Progress The anniversary campaign celebrates six years of co-creation between Phemex and its community. It highlights how user feedback has continuously shaped the platform’s innovation — from multi-asset trading to on-chain earning tools — and looks ahead to new initiatives that will make digital finance even more efficient and inclusive. 2026: Building Forward, Together As Phemex moves into 2026, the exchange remains steadfast in strengthening the foundation of its infrastructure. The coming year will see continued investment in security innovation. Phemex will further enhance overall user experience, system scalability and reliability, ensuring peak performance and near-zero downtime even amid surging global trading activity. Beyond infrastructure, Phemex aims to expand its ecosystem through product innovation and brand development. In 2026, the company will refine its core offerings — spot, futures, copy trading, and earn — while integrating more on-chain tools and cross-asset management features. At the brand level, Phemex will continue strengthening its presence through localized campaigns, educational content, and community engagement, bringing its user-first philosophy to markets worldwide. Federico Variola, CEO of Phemex, commented: “Our journey this year reaffirmed a core principle: true resilience is engineered, not inherited. We made a strategic decision to treat every challenge as a catalyst. This internal transformation, mirrored by our external rebrand, was the bedrock upon which we achieved record growth. Our ‘Future With U’ is not just a theme — it’s our operational blueprint, signifying that our greatest innovations will continue to emerge from solving real user problems with institutional-grade reliability.” Looking Ahead: The Story Continues Six years in, Phemex stands at a new starting line. The rebrand and anniversary together signal more than milestones — they mark the beginning of a broader movement toward a more inclusive, intelligent, and human crypto future. With upcoming campaigns and celebrations throughout the season, Phemex invites its global community to join in shaping what comes next. About Phemex Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million traders worldwide. The platform offers spot and derivatives trading, copy trading, and wealth management products designed to prioritize user experience, transparency, and innovation. With a forward-thinking approach and a commitment to user empowerment, Phemex delivers reliable tools, inclusive access, and evolving opportunities for traders at every level to grow and succeed. For more information, please visit: https://phemex.com/.

Cryptocurrency markets continued to slide on Friday, Nov. 14, as investors faced macro uncertainty and heavy liquidations following a volatile few weeks.Bitcoin (BTC) fell 4.3% to $94,200 over the past 24 hours – its lowest price point since around April. Meanwhile, Ethereum (ETH) slipped 2% to $3,164, bringing its weekly losses to 9%. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Asset manager BlackRock’s BUIDL tokenized U.S. Treasury fund is launching on BNB Chain and can now be used as collateral for trading on Binance, the world’s largest centralized exchange with over 290 million users globally, the companies announced on Friday, Nov. 14.BUIDL, which is tokenized by Securitize, is the largest real-world asset (RWA) product with over $2.5 billion in assets, per RWAxyz.At the same time, launching on BNB Chain makes it easier for more people to access the fund on one of the biggest blockchains, Binance Smart Chain (BSC), which has over $7.4 billion in total value locked, according to DeFiLlama. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Less than a month after TradeXYZ deployed tokenized Nasdaq futures (XYZ100) on Hyperliquid, multiple protocols have launched TSLA, NVDA, and SPACEX perpetuals over the last 24 hours.TradeXYZ, the permissionless perpetual arm of Unit, the Hyperliquid tokenization layer, kicked off the gold rush yesterday with the launch of tokenized NVDA. Today, Felix Protocol and TradeXYZ followed suit with TSLA, and Ventuals launched SPACEX.XYZ100 still leads the HIP-3 sector in total volume and open interest by a landslide, but TradeXYZ’s NVDA and TSLA markets are ramping up, generating $26 million in 24-hour volume and almost $9 million in open interest between them.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Disrupting pharmacy payments with ETH, SOL, and XRP acceptance nationwide; online rollout set for Jan. 1, 2026. NEW YORK, Nov. 13, 2025 /PRNewswire/ — Invictus Pharmacy, a pharmacist-founded and nationally licensed pharmacy network, announced today that it will begin accepting cryptocurrency as a form of payment from patients. This milestone makes Invictus Pharmacy the first nationwide licensed pharmacy to embrace digital assets as part of its patient payment infrastructure. Beginning immediately, cryptocurrency payments including Ethereum (ETH), Solana (SOL), and XRP (Ripple) will be accepted at all Invictus Pharmacy retail locations. Starting January 1, 2026, patients will also be able to utilize these digital payment options through the company’s online platform at InvictusPharmacy.com. Key Benefits of Invictus Pharmacy’s acceptance of cryptocurrency include: Enhanced Security: Blockchain technology provides a secure and transparent platform for all transactions, reducing the risk of fraud. Faster Transactions: Cryptocurrency transactions are typically faster than traditional payment methods, allowing for quicker processing of prescriptions. Increased Accessibility: Accepting cryptocurrency opens up access to pharmaceutical services for younger demographics who prefer or are comfortable using digital currencies. Transparency: Every transaction is recorded on the blockchain, creating a transparent and auditable trail. Pioneering Transparency in the Pharmaceutical Payment System This initiative represents the first phase of a larger technological movement led by Invictus Ventures Inc., the management company of Invictus Pharmacy. Invictus Ventures is developing a blockchain-based payment infrastructure designed specifically for the U.S. prescription drug market. The platform will facilitate instant, transparent, and auditable transactions between payers, manufacturers, pharmacies, and patients. By accepting cryptocurrency payments, Invictus Pharmacy is also embracing the next generation of American consumers who are more comfortable and familiar with digital assets and alternative payment methods. This forward-looking approach reflects Invictus’s commitment to modernizing the pharmacy experience, meeting patients where they are, and fostering financial accessibility through innovation. By leveraging the power of blockchain technology, Invictus aims to eliminate the administrative lag and opacity that define today’s pharmacy benefit model, replacing it with a real-time, programmable payment system that benefits every stakeholder in the chain. “Pharmacy Benefit Managers (PBMs) were invented before the era of the internet to combat rising drug prices in the 1970s,” said Meyer Davidoff, Founder and CEO of Invictus Pharmacy. “While their original purpose was to negotiate fair pricing and streamline reimbursements, PBMs have since evolved into powerful intermediaries that obscure true drug costs, delay payments to pharmacies, and inflate prices for patients. The system has become a labyrinth of rebates, clawbacks, and opaque contracts that benefit middlemen rather than patients or providers. Today, PBMs act as central toll collectors in a system that should be moving toward openness and modern technology. Accepting cryptocurrency is more than offering another way to pay. It is the first step toward building a faster and more transparent payment network that links patients, pharmacies, and manufacturers with far fewer barriers. This is the future of pharmacy, a system where information and payments move quickly, clearly, and efficiently for everyone.” “For our patients, using cryptocurrency will feel just as simple as paying with a smartphone or credit card,” said Alan Oustaev, Chief Operating Officer of Invictus Pharmacy. “Our goal is to make the experience seamless both in-store and online, giving patients more choice and convenience while we modernize how prescription payments are made.” An Open Call to Industry Partners Invictus Pharmacy Founder and CEO Meyer Davidoff is encouraging trading partners throughout the pharmaceutical supply chain, including drug manufacturers, wholesalers, and payers, to begin adding cryptocurrency to their balance sheets and to explore digital asset integration within their financial infrastructure. “This is the first step of our grand vision to revolutionize the archaic payment system within our industry,” said Davidoff. “We are actively building an additional blockchain-based payment rail upon which all stakeholders, from manufacturers to patients, will transact seamlessly and transparently.” This forthcoming network, being developed under Invictus Ventures, will serve as a digital settlement layer for prescription transactions, enabling instant fund transfers, automated rebate validation, and frictionless reimbursement flows. Once fully deployed, the system is expected to reduce claim processing times from weeks to seconds, setting a new benchmark for efficiency in U.S. healthcare payments. About Invictus Pharmacy Invictus Pharmacy, managed by New York–based Invictus Ventures Inc., is a vertically integrated, nationwide pharmacy platform founded in 2017. With a network of retail locations, a licensed mail-order pharmacy, a proprietary e-commerce platform, and claims adjudication technology, Invictus has served more than one million patients. Invictus was among the first pharmacy organizations to adopt a Direct-to-Consumer (DTC) model for its manufacturing partners, enabling brands to reach patients directly while bypassing traditional intermediaries. By partnering directly with manufacturers to offer direct-to-consumer pricing and adding cryptocurrency payment options with blockchain-enabled claims transparency, Invictus lowers costs, expands access, and advances a next-generation pharmacy model. Website: www.invictuspharmacy.com

APIA, Samoa, Nov. 13, 2025 /PRNewswire/ — Phemex today announced the completion of its full rebrand, unveiling a renewed identity and positioning as “A User-First Crypto Exchange”. This transformation marks a new chapter in the company’s evolution from a high-performance trading venue to a comprehensive digital asset ecosystem built on trust, access, and purpose. At the center of the rebrand is the new tagline — “For You. For Tomorrow”. It captures Phemex’s dual commitment: its user-first philosophy of building for traders’ needs and growth, and its forward-looking DNA for innovation and progress. Phemex’s updated vision, “Freedom Through Finance”, emphasizes the belief that true independence begins with financial empowerment. Its mission focuses on creating a secure, transparent, and inclusive platform that enables users to learn, trade, and invest with confidence. The decision to rebrand follows six years of rapid growth and diversification. As the platform expanded from derivatives into spot trading, copy trading, and wealth management, Phemex recognized the need for an identity that reflects its broader purpose and maturing user community. “This rebrand marks a defining moment for Phemex,” said Federico Variola, CEO of Phemex. “It is a reflection of who we are and what we stand for. We’ve always been forward-thinking at our core, but as we continue to grow, our focus has become even clearer: to put users first in everything we do.” He continued, “This new identity was developed through deep research and collaboration across teams and global users. It embodies our DNA — a platform that blends institutional-grade reliability with a genuinely user-centric mindset. We are not just adapting to the future of crypto; we are building it for our users.” The timing of this rebrand is deliberate. As Phemex approaches its sixth anniversary, it celebrates past achievements while opening a new chapter for the company. Following a series of recent platform and visual upgrades, the rebrand unifies Phemex’s direction and vision for the next phase of growth. It also paves the way for the upcoming sixth anniversary integrated marketing campaign, which will bring the new brand message to life across global markets through creative storytelling, partnerships, and user engagement. About Phemex Founded in 2019, Phemex is a user-first crypto exchange trusted by over 6 million traders worldwide. The platform offers spot and derivatives trading, copy trading, and wealth management products designed to prioritize user experience, transparency, and innovation. With a forward-thinking approach and a commitment to user empowerment, Phemex delivers reliable tools, inclusive access, and evolving opportunities for traders at every level to grow and succeed. For more information, please visit: https://phemex.com/

Tortola, BVI, November 12th, 2025, Chainwire Funtico has opened the token presale for Earth Version 2 (EV2), the studio’s forthcoming multiplayer sci-fi MMO. The sale offers early access to $EV2 – the token that drives the game’s economy – with 40% of the fixed 2.88 billion supply allocated to presale buyers. $EV2 will function as the in-game currency for upgrades, item crafting, and marketplace activity. Purchases during the presale can be made using ETH, USDT, USDC, BTC, BNB, SOL, SUPER, or via credit card. This flexible payment structure is designed to make participation straightforward for players who may not be familiar with crypto, lowering the barriers typically associated with Web3 presales. Purchases of over $1K will be awarded an additional 10% bonus in the form of TICO tokens. Earth Version 2 is set on a newly discovered planet where human explorers uncover remnants of an advanced alien civilization. The game mixes shooter mechanics and progression-based play with class roles and customizable gear. By focusing on high-visual fidelity and intensive combat, Funtico aims to deliver a gaming experience aligned with mainstream titles rather than the typical browser-based Web3 model. The project arrives at a moment of meaningful growth for the Web3 gaming category. Major publishers and investors have increasingly turned their attention toward decentralized platforms, where digital asset ownership and player-driven economies become more relevant to how games monetize and retain communities. EV2 builds upon this shift by enabling players to own their in-game progress – but without requiring prior blockchain knowledge. A streamlined login process, traditional store listings, and multi-currency checkout support are intended to meet gamers where they already play, instead of pushing them into crypto-native flows. EV2 introduces five playable classes – Brute, Cloaker, Mag, Pathfinder, and Valkyrie – that offer distinct combat roles ranging from tanking to stealth, support, and tactical drone deployment. Battles take place across multiple modes. Oblivion centers on team-based combat within a shrinking map, while Fracture is a 25-player free-for-all where everyone is hunting for glowing cubes. Players must collect two of each color to reveal a secret relic, but dying resets their progress. The rollout of EV2 follows a detailed timeline, starting with gameplay testing and presale onboarding which is currently underway. Partnership activity and additional ecosystem development are planned for Q1 2026 and the full launch and token generation event will take place in Q2, followed by tournaments, seasonal content, and integration of limited-edition digital asset bundles available to presale participants. Following earlier titles released on Avalanche, the $EV2 token will be issued on Ethereum. The move positions EV2 within one of the most active trading ecosystems, maximizing liquidity and reach ahead of launch. The game is scheduled for release on PC through Funtico, Steam, and the Epic Games Store, with console support planned at a later stage. The EV2 presale is now live at https://ev2.funtico.com/ About EV2 Developed by Funtico, Earth Version 2 (EV2) is an MMORPG powered by the $EV2 token in which character actions and core features are recorded onchain. The Web3 game, which fuses blockchain features such as true player ownership with seamless onboarding, is set in a cosmic battlefield where alien invasion threatens humanity. Players must gather alien tech, build their personalized EV2 suit, and face the invaders head-on. Skill-based PvE modes and tournaments enable players to compete for collectibles while fighting to save humanity. Learn more: https://ev2.funtico.com/ Contact Funtico Teamev2@funtico.com

APIA, Samoa, Nov. 11, 2025 /PRNewswire/ — Phemex, one of the most efficient crypto exchanges, unveiled a refreshed logo and upgraded platform design, marking the beginning of its broader rebranding journey. The new visual identity mirrors Phemex’s ongoing evolution from a high-performance trading venue into a comprehensive digital asset platform, uniting speed, precision, and user-centric simplicity under one cohesive aesthetic. Key Visual Enhancements New Logo Design: Phemex’s new logo evolves into a dynamic two-candle composition — a minimalist form symbolizing growth, movement, and upward momentum. The twin lines also convey balance, continuity, and duality between performance and reliability. Refined Gradient Palette: The updated color gradient transitions from deep green, representing stability and trust, to bright blue, expressing innovation and forward energy. This one-of-a-kind spectrum reinforces the brand’s association with prosperity and progress. Refined Typography: Letterforms are now built on a distinct geometric foundation, moving away from softer curves to stronger, more squared edges. This precision-engineered wordmark conveys a heightened sense of reliability and architectural integrity. Modernized Platform Interface: Updated 3D visuals, a unified icon system, and lightweight layouts enhance usability and focus, offering traders a cleaner, more intuitive environment across both desktop and mobile. This marks the third logo in Phemex’s history. The original design was inspired by the laurel crown of the Greek goddess Pheme — a symbol of victory and prestige. “Our new logo and platform design embody what Phemex stands for today — precision, performance, and progress,” said Federico Variola, CEO of Phemex. “This redesign is not merely aesthetic; it reflects the mindset that has always defined Phemex — building for the future while staying true to our core of efficiency and reliability. As we evolve, we continue to provide an environment where traders can act with clarity and confidence.” This visual refresh marks the foundation of a broader rebranding initiative that Phemex will roll out in the coming weeks. The company plans to introduce a new house of brands and a unified identity system that reflects its long-term vision — to redefine what efficiency and trust mean in the future of digital finance. About Phemex Founded in 2019, Phemex is the most efficient crypto exchange trusted by over 6 million traders worldwide. The platform offers spot and derivatives trading, copy trading, and wealth management products that combine seamless functionality with institutional-grade security. Known for its reliability and innovative edge, Phemex stands out for prioritizing user experience and transparency in an industry where trust is essential. For more information, please visit: https://phemex.com/

Every spin, click, and decision inside an online casino leaves a trace. Not just in results, but in rhythm, a constant stream of information moving behind the scenes. This flow of data is what keeps the digital tables turning smoothly. It’s the quiet machinery that helps platforms understand how games perform, how players move, and how to keep everything running in sync. In today’s most refined casino platforms, data is more than just numbers. It’s movement. It flows in real time, tracking everything from spin speed to loading times, helping developers adjust the balance between design and performance. Platforms like JackpotCity have built their reputation on this kind of responsiveness, using analytics to make every second of play feel fluid and uninterrupted. Players might not see it, but they feel it every time they log in. Behind the Curtain of Flow Every moment inside an online casino is measured, not for surveillance, but for improvement. When a player presses spin, data starts moving immediately. The system records how fast the animation runs, how the reels respond, and whether the page keeps its rhythm across different devices. All of this happens in milliseconds. You can see this precision at work in leading online casinos, where data helps maintain steady motion, fast response times, and gameplay that feels natural no matter the device. That real-time feedback allows developers to spot small issues before they turn into interruptions. If a feature drags or a button feels slow, analytics capture it instantly. This is where data flow becomes more than maintenance; it becomes design. By reading how players move and react, engineers can tune the game’s tempo, fix timing issues, and even adjust the soundscape to keep the flow intact. The Rhythm of Decision Online casinos operate like living systems. Each player adds a new pattern to the data, shaping how the platform evolves. Real-time analytics trace the small patterns that players leave behind – the pauses between spins, the moments they linger, the games they come back to. Each of those details adds to a bigger picture, a kind of quiet rhythm that helps developers fine-tune the experience until everything feels just right. It’s less about prediction and more about responsiveness. A well-run platform listens as much as it performs. If too many players drop off after a certain screen or feature, the system catches it and flags it for review. Over time, this process builds a more natural kind of balance between user behavior and design intent. Keeping the Flow Alive The best casino experiences don’t happen by accident. They’re built on data that moves constantly with small signals sent from players to servers and back again, all within fractions of a second. This ongoing conversation is what keeps everything feeling seamless. Platforms like JackpotCity have turned this flow into part of their identity. The games stay fast, the visuals stay clean, and the transitions always feel right. It’s the result of a loop that never really stops; a quiet exchange between data and design that keeps the whole system breathing. In the end, real-time analytics are about more than performance. They keep the rhythm alive, that quiet pulse running underneath every moment of play. It’s what makes each spin feel connected, each click feel right, and every game move with a flow that feels natural and real.

DUBAI, UAE, Nov. 7, 2025 /PRNewswire/ — Mantle, the high-performance distribution and liquidity layer for real-world assets (RWAs), together with Bybit and Backed, today announced its strategic collaboration to bring tokenized U.S. equities onchain through xStocks, enabling 24/7 access to leading global assets directly within the Mantle ecosystem. Through xStocks, users can gain exposure to tokenized versions of leading equities such as NVDAx, AAPLx, and MSTRx, seamlessly connecting traditional financial assets with the composability of decentralized finance. The collaboration combines Mantle’s scalable blockchain infrastructure, Bybit’s global exchange liquidity, and Backed’s regulated tokenization framework to deliver a fully onchain experience for traditional markets. Seamless Integration Between CEX and DeFi At launch, Bybit will provide full support for deposits and withdrawals of xStocks via Mantle, allowing users to move assets between Bybit and Mantle Network efficiently and securely. This direct CEX-to-chain bridge simplifies onboarding, drives liquidity, and opens new opportunities for both users and developers to engage with tokenized markets. xStocks tokens, issued by Backed in partnership with regulated custodians, are fully backed 1:1 by their underlying securities. Each token mirrors a specific equity or treasury asset, offering transparent, verifiable, and programmable exposure to leading global companies. “Tokenized equities are redefining how traditional markets interact with blockchain technology,” said Emily Bao, Head of Spot at Bybit. “Bybit is proud to support Mantle’s vision of creating a unified, scalable platform where real-world assets can thrive onchain, delivering accessible and innovative financial solutions to a global audience.” Building the Infrastructure for Onchain Capital Markets This integration marks a major milestone for Mantle, Ethereum’s largest ZK proof-powered L2 network. Combining a modular architecture, advanced data availability layer, and low-fee environment, Mantle enables secure, scalable and cost-efficient access to tokenized equities, seamlessly converging TradFi, CeFi and DeFi within a unified onchain framework. On Mantle, tokenized equities are more than digital representations, they become programmable financial primitives. Builders and developers can leverage these assets to design innovative instruments, integrate real-world and crypto assets into automated strategies, and optimize capital efficiency across ecosystems. “With Mantle’s modular architecture, premium technology stack, and Ethereum-grade security, combined with Bybit’s infrastructure and reach, tokenized equities are set to become a foundational building block for the next wave of onchain finance,” said Emily Bao, Key Advisor at Mantle. “xStocks represents a pivotal step in turning traditional assets into composable building blocks that scale across Mantle’s ecosystem and power the decentralized economy.” “It takes more than tokenization to bridge TradFi and DeFi; you need infrastructure and distribution,” added David Henderson, Head of Growth at Backed. “Beyond accessibility, xStocks are built for composability. Together with Mantle and Bybit, we’re building the onchain economy to not only absorb capital markets but improve them.” Driving Mantle’s Broader RWA Momentum This collaboration builds on Bybit’s continued support for Mantle’s expanding RWA ecosystem, following recent initiatives such as: Anchorage integration, providing institutional-grade custody for $MNT to expand global access. Moomoo Exchange listing, bringing $MNT to U.S. retail investors alongside stocks, ETFs, and crypto. Tokenization-as-a-Service (TaaS), offering institutions a compliant, end-to-end framework to tokenize and scale real-world assets on Mantle. RWA Hackathons & Scholarships launch, fostering innovation and empowering talent pipelines to accelerate compliant tokenization and institutional adoption. Advancing Mantle’s Vision for Tokenized Markets As Mantle continues building the premier liquidity and distribution layer for tokenized assets, this initiative aligns with Mantle’s broader roadmap to expand RWA integrations, unlocking new capital efficiencies and composable DeFi strategies across its ecosystem. The collaboration reinforces Mantle’s commitment to enabling open, secure, and scalable access to tokenized assets, paving the way for broader participation in the trillion-dollar global capital markets through blockchain technology. xStocks are not available in the U.S. or to U.S. citizens. Geographic restrictions apply. About Mantle Mantle positions itself as the premier distribution layer and gateway for institutions and TradFi to connect with onchain liquidity and access real-world assets, powering how real-world finance flows. With over $4B+ in community-owned assets, Mantle combines credibility, liquidity and scalability with institutional-grade infrastructure to support large-scale adoption. The ecosystem is anchored by $MNT within Bybit, and built out through core ecosystem projects like mETH, fBTC, MI4 and more. This is complemented by Mantle Network’s partnerships with leading issuers and protocols such as Ethena USDe, Ondo USDY, OP-Succinct and EigenLayer. For more information about Mantle, please visit: mantle.xyz For more social updates, please follow: Mantle Official X & Mantle Community Channel About Backed Founded in 2021, Backed is the leading issuer of compliant tokenized equities and ETFs, including the innovative xStocks line of products. Backed’s products are freely transferable ERC-20 and SPL tokens compatible with Ethereum and Solana-based platforms. For more information, please visit https://backed.fi/ About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

HONG KONG, Nov. 6, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) today released a letter to shareholders at the one-year milestone of its bold transformation to a robust Bitcoin mining operation. CEO Paul Yu reflected on this milestone, emphasizing Cango’s vision to deliver energy-secured HPC services. The journey began in November 2024 with Bitcoin mining as a practical entry point to secure energy access, build operational expertise, and create flexible sites for long-term goals. In just eight months, Cango scaled to a 50 EH/s global platform by acquiring 32 EH/s of on-rack mining machines in November 2024, followed by 18 EH/s in June 2025. The company divested its China-based assets by May 2025, redirecting resources to its mining operations. A new Board and management team with expertise in digital assets, finance, and energy was onboarded to guide this ambitious transition. The financial impact was swift. In Q2 2025, Cango reported US$139.8 million in revenue, US$99.1 million in adjusted EBITDA , and US$117.8 million in cash equivalents, driven by an asset-light model focused on operational efficiency. Cango established a new, highly competitive core business, and a scaled global footprint across the U.S., Oman, Ethiopia, and Paraguay. This year’s momentum continued with key milestones. In August 2025, Cango acquired a 50 MW facility in Georgia for US$19.5 million, strengthening operational control and securing better power terms. Hashrate efficiency surpassed 90%, and Bitcoin holdings grew to over 6,400 BTC by October 31, 2025, through a disciplined HODL strategy. To enhance capital structure, Cango will transition to a direct NYSE listing on November 17, 2025. Looking ahead, Paul shared that Cango’s Bitcoin mining foundation will fuel a dual-track expansion into energy and HPC. The company plans disciplined, phased pilots, a targeted entry into the AI HPC market, and dual-purpose energy infrastructure development, while optimizing mining operations through improved uptime, lower energy costs, and refreshing 6 EH/s of capacity. “We are standing at the threshold of a new technological frontier, where the convergence of energy and HPC will power the next era of compute. ” Paul said. “With the resilient foundation we have built, a world-class team, and a clear, disciplined strategy, we are confident in our ability to not only navigate this future but to help shape it, creating lasting value for our shareholders and partners.” View original content: https://ir-image.cangoonline.com/ir-documents/Cango%20Shareholder%20Letter%20202511.pdf Investor Relations Contact Juliet YE, Head of Communications Cango Inc. Email: ir@cangoonline.com