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The Australian Bitcoin Industry Body (ABIB) has filed a formal complaint against the Australian Broadcasting Corporation (ABC) over an article it claims inaccurately and misleadingly portrays Bitcoin, particularly by focusing on money laundering and ignoring legitimate use cases. This comes as Australia's crypto adoption rate has reached 31% in 2025, surpassing the US. ABIB alleges the ABC article breaches editorial policies by presenting a one-sided view of Bitcoin. This dispute occurs amid regulatory changes in Australia's digital asset sector, with new legislation introduced to regulate crypto exchanges and custody providers, requiring them to obtain licenses and comply with ASIC standards. ASIC has also clarified that stablecoins, wrapped tokens and digital asset wallets are financial products. Institutional crypto engagement is increasing in Australia, with self-managed superannuation funds having A$1.7 billion exposed to crypto. Coinbase and OKX are launching SMSF services targeting Australia's pension pool. The regulatory framework includes an 18-month grace period before licensing rules take effect, with exemptions for small operators.

Charles Hoskinson, the founder of Cardano, has stated that the Cardano project is developing as planned. He communicated this during a recent livestream, where he described Cardano's short-term and long-term objectives and discussed potential partnerships with other blockchain networks. Hoskinson's message was intended to reassure holders of ADA, Cardano's token, about the project's future.

The cryptocurrency XRP is currently trading at $2.21. It has key support levels at $1.95 and $1.80, meaning the price is likely to bounce back up if it drops to these levels. Resistance levels are at $2.35 and $2.50, suggesting the price may struggle to rise above these points. A potential profit target is $4.17 based on Fibonacci extensions. The momentum indicator, Stochastic RSI, is at 78, suggesting strong momentum, but nearing overbought conditions. Traders might consider buying near the support levels and setting stop-loss orders below $1.80 to limit potential losses, while aiming to sell near the resistance levels or at the $4.17 target.

Dogecoin is currently testing a critical support level, showing signs of a potential price reversal. This level is around $0.15-$0.18. Technical indicators, such as a developing MACD bullish cross on the 3-day chart, suggest momentum could be recovering. The price action resembles a 'Wyckoff Spring' setup, where a brief dip below support is followed by a sharp rebound. Long-term charts indicate Dogecoin is in a lengthy accumulation phase, which historically has preceded significant breakouts. Analysts suggest holding above the $0.15-$0.18 range is important, with a break above the descending channel resistance potentially leading to a target of $0.23.

Yearn Finance has recovered $2.39 million in pxETH after a $9 million hack that targeted its yETH stableswap pool on November 30. Attackers exploited a vulnerability in the custom stableswap code, minting a large number of tokens with a minimal input. The exploit did not affect Yearn V2 or V3 vaults. Recovery teams, including SEAL911 and Chain Security, are continuing to investigate the incident and attempt to recover additional assets. The recovered funds will be returned to affected users. The attack's complexity is compared to a recent Balancer exploit, emphasizing the ongoing security challenges in decentralized finance.

Solana (SOL) is currently trading around $142. Key support levels to watch are $135 and $128, while resistance levels are at $145 and $152. A potential extension target for Solana is $294. The Stochastic RSI is at 60, indicating neutral momentum. If Solana falls below the $135 support, a sell-off may occur. Traders should consider placing stop-loss orders below $128 to manage risk. Buyers might consider entering positions near $135 or $128, while sellers could look to exit near $145 or $152, with a profit target at $294. A Fibonacci level to note is $173, with a Fibonacci extension target of $294. Caution is advised, and capital should be protected.

21Shares has updated its application to offer an exchange-traded fund (ETF) based on Dogecoin. The amended filing reveals crucial details about the ETF, including the fees that investors will pay. While the exact fee percentage wasn't specified in this update, the filing signals that 21Shares is moving closer to potentially launching a Dogecoin ETF, which would allow investors to gain exposure to the cryptocurrency without directly owning it. The updated filing provides more clarity on the structure and costs associated with the proposed Dogecoin ETF, giving potential investors more information to consider.

The UK has officially recognized cryptocurrencies and other digital tokens as personal property under a new law called the Property Digital Assets Act. This means courts now have clearer guidelines for determining ownership and handling asset recovery related to crypto. This change was prompted by the increasing number of people in the UK using crypto, with around 12% of UK adults holding cryptocurrency. The new law aims to reduce uncertainty when proving ownership of digital assets, recovering stolen crypto, and managing digital holdings during bankruptcies or estate settlements. Previously, UK courts treated crypto as property based on previous rulings, but now it's formally written into law, providing a stronger legal framework for digital assets.

SPAR Switzerland has launched a program enabling customers to pay with Bitcoin and other cryptocurrencies at over 100 of its stores, with plans to expand to over 300 locations nationwide. Customers can use a supported wallet to scan a DFX.swiss OpenCryptoQR code at checkout, select from over 100 cryptocurrencies, and confirm the payment, which is then converted into Swiss francs for the store. The company claims that stores could cut fees by roughly two-thirds compared with traditional card processing. Prior to this wider rollout, SPAR tested Bitcoin payments using the Lightning Network at a store in Zug. The system also supports stablecoins, converting them to Swiss francs at checkout to protect retailers from price volatility. It remains to be seen how many customers will use the crypto payment option and whether the reduced fees will benefit shoppers or stores.

Bitcoin experienced a rapid price increase, reaching $92,000 after previously falling below $84,000. This surge led to significant liquidations in the cryptocurrency derivatives market, totaling over $410 million in the last 24 hours. The majority of these liquidations, approximately $348 million, were short positions, meaning traders betting against Bitcoin lost money. Bitcoin liquidations alone amounted to $196 million, with $182 million affecting short traders. Ethereum and Solana also experienced substantial liquidations. This event, known as a short squeeze, occurs when a sudden price increase forces traders who bet on a price decrease to close their positions, further driving up the price.

The cost to protect against Oracle defaulting on its debt has reached its highest point since March 2009, increasing to 1.28 percentage points per year. This spike follows Oracle's large bond sales in recent months to fund AI-related projects. Investors are increasingly using Oracle's credit default swaps as a hedge against a potential AI market downturn, causing trading volume in Oracle's CDS to surge from roughly $200 million last year to $5 billion in the seven weeks ending November 14. Oracle's total debt, including leases, is approximately $105 billion as of the end of August, making it the largest non-banking issuer in the Bloomberg U.S. Corporate Index. Concerns are rising that continued heavy investment in AI could weaken the credit quality of corporate bonds. Investment-grade corporate bond sales could reach $2.1 trillion in 2026.

Binance, a major cryptocurrency exchange, has appointed Yi He as co-CEO, joining Richard Teng. The announcement was made at Blockchain Week Dubai. Yi He, who co-founded Binance in 2017, is known for her expertise in marketing, user growth, and new product development. Richard Teng, previously a regulator in Singapore, became CEO after CZ's departure in 2023 and focuses on compliance. The combined leadership aims to expand Binance's user base to one billion by focusing on Web3 technologies, regulatory adherence, and user experience, as the exchange approaches 300 million users.

A recent Glassnode report highlights Bitcoin's increasing stability in its current market cycle due to growing institutional involvement. Bitcoin has absorbed approximately $732 billion in new capital, contributing to a significant decrease in its one-year volatility. The report also indicates a surge in tokenized real-world assets, growing from $7 billion to $24 billion in one year, driven by institutional demand. Exchange Traded Funds (ETFs) are playing a crucial role in reshaping Bitcoin liquidity, while stablecoins remain vital for value transfer on public blockchains. Bitcoin is now settling around $6.9 trillion every 90 days. Stablecoins continue to bridge the gap between traditional finance and digital assets, supporting both institutional and retail trading.

The United Kingdom has officially recognized cryptocurrencies and stablecoins as personal property through the enactment of the Property (Digital Assets etc) Bill, which now applies in England, Wales, and Northern Ireland. This new law establishes a distinct legal classification for these digital assets, separate from traditional tangible assets and claims. This legal recognition is expected to facilitate the process of proving ownership, recovering stolen assets, managing inheritance, and handling bankruptcy cases involving crypto. Approximately 12% of adults in the UK own crypto, and their ownership is now supported by statutory law rather than just case law.

Ethereum's price jumped 10% in 24 hours, exceeding $3,000 after overcoming resistance at $2,840, a level that has now become support. Analysts are targeting $3,200 as the next price milestone, with some suggesting a possible rally towards $3,500. Trading volume has increased, and long-term investors are considering buying opportunities at $2,200, $1,500, and $1,100. Bullish sentiment is high, and the increase aligns with a broader recovery in the crypto market and positive developments, including reduced layer-2 fees and renewed inflows into Ethereum ETFs. Whale activity and positive macro factors, such as a potential easing of monetary policy, are also contributing to the upward momentum, although a pullback to $2,840 remains a possibility.

Strategy, the company with the largest Bitcoin holdings, has a market value lower than the value of its Bitcoin. The company's market capitalization is around $50.7 billion, while its Bitcoin is worth approximately $60.4 billion. This means investors can buy Strategy's Bitcoin at a discount and get its other business operations for essentially nothing. Despite Strategy having $8.2 billion in debt, its net Bitcoin holdings are worth around $48.6 billion, meaning the market is undervaluing the rest of the company. Since early October, the company's stock has fallen about 57% due to factors such as increased margin requirements and potential index reclassification, which could lead to large institutional selling. Strategy has created a $1.44 billion cash reserve to cover dividend and interest payments. However, discussions about potentially selling some Bitcoin to fund dividends have sparked debate. There are also concerns about Strategy's large Bitcoin holdings representing over 3% of the total Bitcoin supply, raising concentration risk.

According to Arthur Firstov, stablecoins are becoming increasingly important for fintech companies, facilitating a convergence between decentralized finance and traditional financial institutions. Stablecoin transfers for payments are projected to surpass $1 trillion annually by 2030, with total stablecoin transaction volume already topping $27 trillion a year. Companies like Klarna are launching stablecoins, such as KlarnaUSD on Tempo, to bypass expensive cross-border payment routes and serve customers on cheaper, programmable rails. This shift is driven by the need for better infrastructure, multi-chain settlement, real-time routing, and global compliance. The global stablecoin supply has exceeded $300 billion, indicating mainstream adoption with potential for significant cost reductions in cross-border transfers. This competition among financial institutions and blockchain platforms may provide users with access to new financial products and markets, from stablecoins to tokenized assets, with lower fees.

Strategy, a company holding approximately $59 billion in Bitcoin, is considering selling some of its Bitcoin holdings if its stock price continues to decline below the value of its Bitcoin assets. The company recently raised $1.4 billion to provide a cash buffer for up to two years to continue paying dividends and interest without selling Bitcoin. CEO Phong Le stated that while they prefer not to sell Bitcoin, it's a mathematical possibility if the stock price drops too low. The company is also exploring lending out its Bitcoin as another option. Strategy's stock has fallen about 65% from its peak in November 2024, and its mNAV, which compares the company's value to its Bitcoin holdings, is close to potentially triggering Bitcoin sales. The company has revised its Bitcoin price target for the end of 2025 from $150,000 to a range of $85,000 to $110,000, leading to a wide range in potential operating income. JPMorgan Chase analysts suggest that Strategy could be removed from major equity indexes, resulting in significant outflows from passive funds.

Chainlink's price jumped 18% to around $14.38 following the launch of the first U.S. Chainlink ETF by Grayscale, trading under the ticker GLNK on NYSE Arca. The ETF has 0% fees at launch. On its first day, the ETF saw high demand, with trading volume reaching $13.81 million and early inflows hitting nearly $43 million. Analysts note the price recently bounced from a key $12.50 support level, along with positive signals suggesting a potential rise towards $18-$20, and potentially $47. Coinbase is the custodian and the ETF is available on platforms like Fidelity and Robinhood.

StraitsX, a stablecoin operator, has partnered with UPay, a crypto credit card platform. This allows StraitsX's stablecoin, XUSD, to be used for payments at real-world stores that accept VISA. UPay's crypto credit card converts cryptocurrency to fiat currency for merchants. XUSD, regulated by the Monetary Authority of Singapore, will be available in UPay's wallet. This partnership expands the utility of XUSD and enables it to be spent at over 175 million merchants. StraitsX is also partnering with Grab and Ant International for cross-border payments and RedotPay for a crypto credit card in Southeast Asia. The goal is to create a system for seamless and cost-effective cross-border transactions.

The price of Pudgy Penguins' associated cryptocurrency, PENGU, has increased by 26% following a drop to $0.00956. This rise is attributed to large purchases by a whale investor who spent $273,000, and $1.3 million of new investment. The cryptocurrency has a market capitalization of $645 million and a 24-hour trading volume of $123 million. Latin American exchange Bitso plans to include PENGU in its upcoming perpetuals aggregator, targeting the $1.37 trillion regional remittance market. Pudgy Penguins is also partnering with the NHL for the 2026 Winter Classic, which is expected to increase public awareness. Key levels to watch are the $0.012 support level, and the $0.011 to $0.0135 resistance levels. Technical indicators show growing buying pressure, but the token remains highly volatile.

Former SEC Chair Gary Gensler stated that Bitcoin stands out among cryptocurrencies, implying most other digital tokens are highly speculative and lack solid foundations. This suggests Gensler views Bitcoin as fundamentally different and potentially less risky than the majority of other cryptocurrencies.

Kalshi, a prediction market platform, has partnered with CNN to become its official prediction markets partner. This partnership will see Kalshi's real-time probabilities displayed on CNN broadcasts, including a live on-screen ticker. The deal coincides with Kalshi closing a $1 billion Series E funding round, which values the company at $11 billion. This funding round was led by Paradigm, with participation from Sequoia Capital, Andreessen Horowitz, and ARK Invest. Kalshi's data will be used by CNN to support reporting on politics, economics, and major cultural events. In November, Kalshi recorded a record trading volume of $4.54 billion, surpassing October's $4.49 billion. Weekly volumes are now exceeding $1 billion, representing growth of more than 1,000% since 2024. Galaxy Digital is reportedly in talks with Polymarket and Kalshi to become a liquidity provider for these platforms. Kalshi is also facing a class action lawsuit alleging that it operates as an unlicensed sportsbook.

Cardano (ADA) is showing signs of a potential rebound as it tests the lower boundary of its established price channel around $0.37. Both retail traders and large, influential traders are showing increased optimism, which is an unusual and potentially significant indicator. Data suggests buyers have been actively purchasing ADA even as its price remained within the downtrend. Top traders on Binance are heavily leaning towards long positions, betting on a price increase. If ADA sustains this momentum, the next target is around $0.53, the mid-channel region. Additionally, some traders who were betting against ADA (short positions) have been forced to close their positions, which could further boost the price. While the overall downtrend is still in effect, the underlying indicators suggest a possible breakout and a move towards higher prices.

RedotPay, a Hong Kong-based fintech company, has partnered with Ripple to enable instant crypto-to-naira conversions for users in Nigeria. This new service, launched on December 2, 2025, allows users to send XRP and other cryptocurrencies, including Bitcoin, Ethereum, and Tether, and receive naira directly into their Nigerian bank accounts within minutes. The platform supports ten cryptocurrencies and aims to reduce the high costs and lengthy settlement times associated with traditional remittances, which typically average 6.49% in fees and take one to five business days. RedotPay's service targets freelancers, digital nomads, and other individuals sending money across borders, offering a faster and cheaper alternative through blockchain technology. Transactions settle within minutes, and the company plans to add Ripple's RLUSD stablecoin in the future. RedotPay has previously launched similar services in Brazil and Mexico, focusing on the Asia Pacific region where stablecoin activity is growing rapidly, driven by trading and remittances.

On-chain investigator Shima has traced the path of funds stolen in the Shibarium bridge hack that occurred almost three months ago. Shima discovered the laundering route due to a mistake made by the attacker after they ignored the K9 Finance bounty offer. This new information reveals the destination of the stolen funds.

The article discusses the potential future value of Cardano (ADA) tokens if the cryptocurrency reaches a market capitalization of $1 trillion. Currently, Bitcoin is the only cryptocurrency with a market cap that high. The article suggests that individuals holding 10,000 ADA tokens could see significant returns if this market cap is achieved.

The U.S. Justice Department has taken further action against a large-scale crypto scam network operating out of Burma. This involves seizing domains, like tickmilleas.com, which were disguised as legitimate trading platforms but were actually used to defraud people through fake crypto investments. These sites featured fabricated dashboards and transaction records to trick victims into believing their funds were being actively managed and generating returns. The network is linked to the Tai Chang compound, also known as Casino Kosai, and connected to sanctioned entities like the Democratic Karen Benevolent Army and the Trans Asia International Holding Group. The FBI's alerts led to the removal of scam applications from Google Play and the Apple App Store, and Meta shut down over 2,000 associated accounts. The goal is to stop US infrastructure from supporting international fraud by dismantling the digital channels used by these scam operations.

Waymo's self-driving taxis are now driving more aggressively, similar to human taxi drivers, in order to better navigate busy city traffic. This shift comes after initial versions of the vehicles were known for being overly cautious. There have been reports of Waymo vehicles making illegal U-turns, being involved in an accident that killed a cat, and instances of potentially unsafe driving near police activity. Waymo says they are making the cars 'confidently assertive' which is necessary for scaling in San Francisco. They also explained that when the cars are too passive, they cause problems and that regular software updates keep them from becoming troublesome or causing disorder.

Binance's CEO Richard Teng is appointing a co-CEO for the cryptocurrency exchange. The move comes as Binance aims to expand its user base to 1 billion.

BlackRock's spot Bitcoin ETF has achieved a top 10 ranking in the U.S. market. It has reached this position with 7.7 million active contracts.

BlackRock's IBIT Bitcoin ETF saw a huge surge in trading volume, reaching $3.7 billion and surpassing the Vanguard S&P 500 ETF (VOO) which had $3.28 billion. This increase in IBIT trading coincided with a rebound in Bitcoin's price, which jumped by roughly 7% to around $93,040. Other cryptocurrencies like Ether, XRP, Dogecoin, Cardano's ADA and Chainlink's LINK also saw gains. The news comes after Vanguard announced it would allow crypto ETFs and mutual funds on its platform. While crypto ETFs are performing well, Bitcoin mining stocks are declining due to challenges like the Bitcoin halving. However, companies with significant Bitcoin holdings, like MicroStrategy, and platforms offering crypto trading, such as Robinhood, saw their stock prices increase.

Binance, the world's largest cryptocurrency exchange, has appointed Yi He, a co-founder, as Co-CEO alongside Richard Teng. This move comes as Binance faces a $1 billion lawsuit alleging the company facilitated funding to terrorist groups like Hamas. The lawsuit was filed by victims and families of the October 7, 2023 Hamas attack and lists Binance, founder Changpeng Zhao (CZ), and Gunagying Heina Chen as defendants. The charges involve weak compliance measures and questionable account operations. This follows CZ's previous guilty plea to inadequate anti-money laundering controls, for which he received a pardon from former President Trump after serving a four-month prison sentence and agreeing to pay a $50 million fine as part of a settlement where Binance also agreed to pay $4.3 billion. Richard Teng will focus on legal and regulatory matters, while Yi He will concentrate on product development and user experience. Yi He has addressed her independence from CZ and denies the terrorism financing accusations, stating the company's commitment to compliance. The North Dakota civil trial could have major implications for crypto exchange liability.

The SEC has halted the approval of 3x and 5x leveraged crypto ETFs due to concerns about market stability. The agency believes that the high leverage offered by these ETFs could lead to significant losses and fund failures during periods of market volatility, potentially causing instability in both crypto and traditional markets. Investment firms like Direxion and VolShares, along with GraniteShares, had filed for these high-leverage ETFs, but the SEC has asked them to either revise their plans to comply with existing regulations, particularly Rule 18f-4 which generally allows up to 2x leverage, or withdraw their applications. The SEC fears that these products are too risky, especially for retail investors, and could create harmful feedback loops in the market if they were to collapse during market swings.

Binance, a cryptocurrency exchange, will remove the ability to trade certain digital currencies called StaFi (FIS), REI Network (REI), and Voxies (VOXEL) on December 17th at 03:00 UTC. This means users will no longer be able to buy or sell these currencies on Binance after that date. The decision was made after Binance regularly reviews the currencies available on its platform based on factors like the project's development, security, and community. Binance is also ending services like trading bots and margin trading for these currencies. Users who hold these currencies on Binance are advised to withdraw them before the deadline to avoid any potential issues.

Russian President Vladimir Putin is visiting India to meet with Prime Minister Narendra Modi for discussions on strengthening their partnership. Key topics include economic cooperation, trade improvements, and energy security, particularly India's continued purchase of discounted Russian oil. India seeks to increase exports of medicines, farm products, and fabrics to Russia, while also securing long-term fertilizer shipments. The visit occurs amid pressure from the United States, which urges India to reduce its reliance on Russian energy to limit Moscow's ability to finance its military operations in Ukraine. The United States previously imposed 50% duties on some Indian goods. India maintains that its oil purchases are necessary for its energy security and that it adheres to global sanctions, excluding sanctioned entities only.

The President of Poland vetoed a bill designed to regulate the crypto market due to concerns that it would overregulate the sector, stifle innovation, and potentially drive crypto businesses out of the country. The president's office stated the bill could pose a threat to freedoms and market stability. Concerns were raised that the bill exceeded EU regulatory requirements, requiring crypto service providers to obtain licenses from the Polish Financial Supervision Authority and imposing heavy fines for breaches. The president's press secretary highlighted issues such as the government's ability to shut down crypto websites, the bill's excessive size and lack of transparency, and supervisory fees that would hinder small businesses. While acknowledging the need for regulation, the president emphasized that it must be reasonable and not harm the Polish economy. An economist stated that even without the rejected legislation, the Polish crypto market will be regulated by July 1, 2026 due to EU regulations.

Cardano's ADA token has decreased in value by over 7% in the past week, trading near $0.38-$0.40. This decline is influenced by global economic concerns, including potential interest rate hikes by the Bank of Japan and a general downturn in the cryptocurrency market, where major coins like Bitcoin and Ethereum are also falling. Data indicates some long-term holders are moving their ADA to exchanges, potentially preparing to sell. Interest in betting against ADA's price is rising, suggesting traders expect further drops below $0.35. Despite the price decrease, Cardano is planning a $30 million investment to improve its DeFi sector by 2026 and will launch the Midnight sidechain on December 8th, focusing on privacy features. How ADA performs will depend on broader economic conditions and whether these new developments can attract more users and investment.

Ripple's XRP token increased in value by 10% in the last 24 hours, rising from around $2.00 to over $2.20. This rise mirrors a broader recovery across the cryptocurrency market. A significant factor contributing to XRP's growth may be the strong performance of XRP-focused Exchange Traded Funds (ETFs) in the US market. On Tuesday, XRP ETFs attracted $67.74 million in investment, exceeding the inflows into Bitcoin, Solana, and Ethereum ETFs. Despite this recent surge, XRP's price is still down about 5% compared to the start of 2025, when it was priced at $2.32.

Bitcoin has experienced a significant price recovery, increasing by over $5,000 in a single day. This surge was partly fueled by the liquidation of over $387 million in short positions in the last 24 hours, including $223 million in Bitcoin shorts, adding $160 billion to the market capitalization. Bitcoin is currently trying to break through resistance around $93,000, but may retrace to the $90,000 level, where further liquidity has accumulated. Vanguard has lifted its ETF ban, with the IBIT experiencing over a billion in volume in the first 30 minutes of the US open. Key resistance levels to watch are $99,070 and $122,060. Analysts suggest clearing these levels is necessary for Bitcoin to reach new highs.

Franklin Templeton has received approval to list and trade a Solana exchange-traded fund (ETF) on the NYSE Arca exchange. The Franklin Solana ETF is poised to begin trading, offering investors exposure to Solana (SOL) through a regulated investment product. This marks a significant step as it's one of the first Solana ETFs to become available in the US market.

Solana's price has recovered to above $140 after falling to $123. On-chain data indicates significant accumulation, with large USDC inflows and SOL outflows on Binance. Key support levels are between $130 and $135, while resistance lies in the $145-$150 range; breaking this resistance could lead to a price target of $175. Despite strong spot buying, futures trading volume is lagging. Solana's network fundamentals remain strong, with high transaction speeds, low fees, and growing DeFi and NFT activity. Additionally, a new quantum security patent could bolster long-term confidence in the network. The market is looking for a push past the $145-$150 resistance to confirm a sustained upward trend; failure to hold $130 could trigger a further price decline.

Coinbase Institutional reports that despite improved market liquidity due to the Federal Reserve's actions in the bond market, Bitcoin is facing difficulties. Important price support levels have been breached, and there's a growing negative outlook in the options market. Large, long-term Bitcoin holders are selling their holdings. Additionally, Bitcoin investment funds are experiencing significant withdrawals, and treasury activity has decreased. These factors are creating a cautious and uncertain environment for Bitcoin, offsetting the potential benefits of the improved macro environment.

Ripple's escrow system released 1 billion XRP tokens in December. This event happened at the same time as a 10% increase in XRP's price.

While the broader cryptocurrency market, including Bitcoin and many altcoins like ETH, SOL, ADA, LINK, BCH, PUMP, PEPE and ENA, experienced significant price increases, Pi Network's native token (PI) saw a comparatively small gain of only 2%. This underperformance is attributed to PI's historical tendency to move independently from the overall market trends, often influenced by internal ecosystem updates and speculation rather than broader market sentiment. A potential concern for PI's future price is the increase in average daily token unlocks, projected to be over 6.2 million for the next month. These unlocks could lead to increased selling pressure as investors receive their tokens.

Vanguard, a large asset management company, is now allowing its 50 million clients to trade crypto ETFs, including those related to XRP. This follows Vanguard's decision to permit crypto ETF trading through their brokerage accounts, and a list of available XRP ETFs has been compiled for their clients.

Yi He, a prominent figure in the cryptocurrency industry, has been appointed as the new co-CEO of Binance. This move makes her one of the most powerful women in the crypto world, signaling a significant leadership change at one of the largest cryptocurrency exchanges globally. The implication of this is likely a shift in strategy, given Yi He's strong influence, and the market will be watching closely to see how Binance evolves under this new leadership structure.

South Korea is significantly increasing the amount of foreign-currency bonds it plans to issue, raising the limit to $5 billion for its 2026 budget. This is a large jump from the previously planned $1.4 billion. The aim is to defend the value of its currency, the won, which has been under pressure due to high demand for U.S. dollars, rising oil prices, and worries about global trade. The government will sell these bonds to overseas investors and use the foreign currency earned to fund projects, including a $200 billion investment plan with the U.S. The bonds will have different maturity dates, ranging from 2 to 50 years, to attract various types of investors, and are expected to bring in $15 to $20 billion in foreign investment. These bonds offer slightly higher returns compared to U.S. Treasury bonds, and South Korea is implementing measures to ensure their safety and reliability for investors, including limiting the total amount of foreign exchange bonds and promoting hedging options.

The UK has officially recognized cryptocurrencies and stablecoins as property under a new law. This means digital assets now have a clearer legal standing similar to traditional assets, allowing them to be owned, inherited, and recovered more easily, especially in cases of theft or fraud. Industry groups see this as a positive step for investor protection and for the UK's ambition to become a leading digital finance center. Around 12% of UK adults currently hold cryptocurrency. However, the government is also considering a ban on crypto donations to political parties and is working on a new tax framework for decentralized finance activity.

The AIDA app aims to simplify Web3 usage by providing a unified smart account that works across multiple wallets and blockchains like Ethereum, Solana, and BSC. It allows users to manage assets and perform transactions across different networks through a single interface, eliminating the need to switch chains or juggle gas fees. AIDA automates processes like cross-chain token swaps, finding the best routes and covering gas fees without taking custody of assets; users maintain control of their private keys. The app includes features such as LaunchZone for token creation and deployment, a trading terminal that aggregates data from over 20 networks, and a system for rewarding user engagement. AIDA also offers futures trading on Solana and an airdrop program where users can earn $AIDA tokens.

The price of the SUI token has increased significantly, rising approximately 15-20% in the last 24 hours, outperforming most major cryptocurrencies. Key factors driving this surge include the launch of USDsui, a new fiat-backed stablecoin designed for payments and yield-sharing within the Sui ecosystem. Additionally, Coinbase has made SUI trading available to New York residents, increasing access and potential buying demand. A recent unlock of 55.54 million SUI tokens, valued at $86.86 million, did not negatively impact the price, indicating strong market interest. Analysts identify $1.80 as a critical level; breaking through it could lead to further gains towards $2.00-$2.30. Immediate support lies at $1.58, while a drop below $1.48 could signal a potential top. Historically, December tends to be a positive month for crypto assets, which could further support SUI's price.

Glassnode reports that the recent three-month decline in Bitcoin's price does not signal a prolonged 'crypto winter'. Their analysis suggests the current market cycle is led by Bitcoin and supported by institutional investment. This differentiates it from previous cycles and indicates a potentially different market dynamic than past downturns.

CryptoProcessing by CoinsPaid, a crypto payment gateway, has integrated Arbitrum and Base, which are Layer 2 blockchains that operate on top of Ethereum. This integration allows CoinsPaid users to make faster and cheaper transactions using ETH (Ethereum) and USDC (USD Coin). The goal of this integration is to make crypto payments more efficient and scalable for businesses that handle a lot of transactions or operate internationally. Layer 2 blockchains like Arbitrum and Base help to speed up transactions and lower fees while still maintaining the security of the Ethereum network. Merchants using CryptoProcessing by CoinsPaid will benefit from quicker payment confirmations, reduced costs due to lower gas fees, and improved scalability, all while maintaining a high level of security.

Former SEC Chair Gary Gensler stated that the crypto market remains speculative and volatile, with most tokens lacking real value. He believes many cryptocurrencies are driven by hype and price speculation, leading to potential losses for investors. Gensler singled out Bitcoin and some regulated stablecoins as exceptions, considering them more trustworthy. Despite his warnings, the crypto market has matured, with some altcoins like Ethereum, XRP, and Solana offering utility and wider adoption. However, meme coins are still largely driven by social media buzz. Some believe Gensler's views are outdated given the increased institutional involvement and integration of Bitcoin into global economic trends.

Bitcoin's price jumped significantly, rising over 6% and approaching $94,000, after Vanguard, a large investment firm, reversed its ban on Bitcoin ETF trading. This change allowed its customers to trade Bitcoin and other crypto ETFs. Analysts attribute this surge to the "Vanguard Effect," as previously blocked funds from conservative investors started flowing into the market, with BlackRock's IBIT ETF seeing high trading volumes. While the long-term impact of this shift is uncertain, it represents a major institutional change, potentially opening crypto markets to a wider range of investors. Bitcoin was trading near $93,562, marking a near 10% increase in the last 24 hours.

Bitcoin's price has bounced back above $93,000 after falling to $84,000 recently. This recovery has brought a more positive mood back to the cryptocurrency market. The total value of the crypto market is currently $3.2 trillion, which is still down from its peak of $4.4 trillion. Some analysts believe that the recent drop was simply a temporary dip, while others think that a longer bear market is still possible. Ether is also up, regaining the $3,000 level. Several other cryptocurrencies, like Solana, Cardano, and Chainlink, have seen even larger gains.

Bitcoin is trying to bounce back after a recent price drop, but it's facing resistance around $95,000. The recovery is weak because institutional investors aren't showing strong interest in Bitcoin ETFs, with inconsistent inflows. On-chain data indicates reduced activity from both large and small investors, suggesting less demand and weaker market strength. Bitcoin needs to break through the $95,000 resistance to end its five-week downtrend and potentially reach $98,000. However, if it fails at $95,000, the price could fall below $91,521 and potentially drop to $86,822, continuing the downtrend.

The U.S. Securities and Exchange Commission (SEC) is currently considering whether to approve the listing and trading of Flexible Exchange Options (FLEX Options) on BlackRock's Bitcoin Exchange Traded Fund (ETF), known as IBIT. FLEX Options are customizable derivative contracts that allow investors more flexibility in setting strike prices, expiration dates, and exercise styles compared to standard options. Approval would allow investors to use options strategies on IBIT to express various market views or manage risk related to their Bitcoin ETF holdings. The SEC's decision is pending and will directly impact the available trading tools for BlackRock's Bitcoin ETF.

Grayscale Research challenges the popular idea that Bitcoin's price moves in four-year cycles. They believe that Bitcoin could reach new all-time highs in 2026, even though the four-year cycle theory suggests a potential downturn next year. Grayscale points to the absence of a parabolic price increase in the current cycle, the introduction of new investment avenues like ETFs, and a favorable macro environment with potential interest rate cuts and digital asset legislation as reasons for their positive outlook. Bitcoin's price is currently around $67,000, remaining stable over the past week.

Bitcoin's recent price drop, even with a small recovery, has negatively impacted Strategy, a company known for holding a large amount of Bitcoin. The company's leveraged ETFs, which are designed to increase gains (or losses), have suffered significant losses, with some losing nearly 85% of their value this year. This has led to concerns about the company's financial health, especially after its CEO suggested they might sell some of their Bitcoin holdings if the company's value compared to its Bitcoin holdings falls too low. The company has also lowered its profit expectations for the year. Despite these challenges, analysts are still generally positive about the company's future stock price.

Dogecoin has experienced a significant price increase, marking its strongest performance in several weeks. The cryptocurrency's recent upward momentum has led some to speculate whether it will reach a price of $0.15.

Former SEC Chairman Gary Gensler stated in an interview that the majority of cryptocurrencies are highly risky and speculative investments with questionable foundations. He singled out Bitcoin as being distinct from other cryptocurrencies, characterizing it as more akin to a commodity for regulatory purposes. Gensler indicated that Bitcoin has a level of legitimacy that the wider cryptocurrency market, filled with uncertain and high-risk assets, generally lacks.

A crypto analyst named Egrag maintains a positive outlook for XRP, predicting it could reach $33. The analyst is telling XRP investors to remain patient, despite previous price predictions not coming to pass.

On the Deribit exchange, a significant amount of open interest, referring to the total value of outstanding contracts, is concentrated around Ether options with a strike price of $6,500. This indicates that a large number of traders are betting on or hedging against Ether potentially reaching this price level. The concentration of these bets suggests that $6,500 is viewed as a key price point for Ether in the options market, possibly representing a significant level of resistance or a target price for future movements.

The U.S. Department of Justice (DOJ) seized the domain tickmilleas.com, a fake crypto investment site linked to a scam operation in Burma run by Tai Chang. The site was designed to trick Americans into investing in cryptocurrency through fraudulent apps by showing fake profits. Tai Chang is associated with Burmese groups, including Trans Asia International Holding Group Thailand Company Limited and the Democratic Karen Benevolent Army, which are linked to Chinese organized crime and scam centers in Southeast Asia. Victims reported losing money through the site after being led through fake trades. The FBI alerted Google and Apple about the fraudulent apps, leading to some being removed. Meta also removed over 2,000 accounts related to the scam. In 2024, the FBI received reports of $5.8 billion in losses from similar investment scams. The DOJ has also seized two other domains used by the Tai Chang operation. Interpol has reported that crypto fraud is central to the scam-compound industry, where victims are often trafficked and forced to participate in illegal schemes.

Roobet, a crypto casino and sportsbook, is running a $200,000 Holiday Rush promotion from December 1st to 25th. The promotion features a daily advent calendar with different events, prize pools, and games each day. Participants need a verified account and must opt-in daily to play the featured game with the required minimum bet to qualify for prizes. Events may include prize drops or points races based on multiplier wins and wagers. Weekend events run from Friday to Sunday.

Glassnode's Q4 Digital Assets Report highlights increased institutional involvement in the Bitcoin market, leading to greater stability. Bitcoin has absorbed approximately $732 billion in new capital this cycle, coinciding with a near halving of one-year realized volatility. Bitcoin's settlement volume has reached $6.9 trillion in the past 90 days, rivaling Visa and Mastercard. Tokenized real-world assets have experienced rapid growth, expanding from $7 billion to $24 billion within a year, driven by interest from institutional investors seeking on-chain exposure. This maturation is characterized by lower volatility, deeper liquidity, and greater institutional participation, contributing to a more resilient market.

On December 3, 2025, the crypto market is experiencing an upward trend, primarily driven by Vanguard's decision to allow trading of Bitcoin, Ethereum, XRP, and Solana spot ETFs on its platform, which manages $11 trillion in assets. This reversal of their previous anti-crypto stance has spurred significant institutional investment, particularly into BlackRock's IBIT ETF, which saw $1.8 billion in trading volume within two hours. Bitcoin's price is rebounding to $92,000 and attempting to break the $93,000 resistance level. A successful breach of this level could trigger a short squeeze, potentially pushing the price higher. Ripple is also contributing to the positive market sentiment through a partnership with OpenEden to enter the tokenized U.S. Treasury market, connecting XRP to yield-backed Treasury products and expanding its institutional use.

XRP's price jumped nearly 9% to $2.15, despite some large holders selling off 150 million XRP tokens, worth over $300 million, in just two days. This selling pressure from large holders, who reduced their holdings in the 1 million to 10 million XRP range, usually leads to a price drop. However, new demand appears to have absorbed this supply, pushing the price upward. The surge is possibly fueled by increasing institutional interest through new XRP ETFs and ongoing developments from Ripple. Analysts remain optimistic, suggesting XRP may attempt to reach the $3 level again.

XRP-based Exchange Traded Funds (ETFs) have reached $800 million in total investment faster than Ethereum and Solana ETFs. Bitcoin ETFs launched in January 2024, paving the way for Ethereum ETFs in July 2024, and Solana ETFs in October 2025. XRP ETFs are now second only to Bitcoin ETFs in terms of how quickly they accumulated this level of investment.

Bitcoin's price increased, rising above $93,000. Following this increase, the prices of several other cryptocurrencies also went up, with SOL, ADA, and XRP all experiencing a 12% rise in value.

This crypto news article discusses a hypothetical XRP price prediction generated by xAI's Grok chatbot, based on a highly ambitious Bitcoin price forecast of $1 billion made three years ago by Jurrien Timmer, Fidelity's Director of Global Macro.

Solana (SOL) has begun to recover, rising above $135, signaling a potential shift towards a more positive market sentiment. Currently consolidating, SOL faces resistance around the $140 mark. It's trading above $135 and the 100-hourly simple moving average, having broken a bearish trend line at $138. If SOL surpasses $140 and $142, further upward movement is expected, with $145 being a key resistance level to watch. Failure to break above $140 could lead to a decline, with initial support around $136 and further support at $134. Technical indicators suggest increasing bullish momentum.

Anthropic, the AI company behind the Claude chatbot, is reportedly preparing for a possible initial public offering (IPO) in 2026. The company has hired a law firm and is in early discussions with investment banks regarding the potential IPO. Anthropic's business has grown significantly, exceeding 300,000 business customers by September, a huge increase from two years ago. Larger accounts generating over $100,000 in annual revenue have also increased substantially. An IPO could help Anthropic raise capital and expand its access to markets. While discussions are preliminary, a private funding round could value the company at over $300 billion, with revenue potentially reaching $26 billion next year. Anthropic recently acquired Bun, a JavaScript and TypeScript runtime environment, package manager, bundler, and test runner.

Canary Funds has filed an updated document with the Securities and Exchange Commission (SEC) for its upcoming American-Made Crypto ETF. This ETF will track the CoinDesk Made-in-America Index, which focuses on crypto assets with strong ties to the United States, such as having U.S.-based teams, headquarters, or significant mining operations. The index currently includes eight cryptocurrencies: HBAR, AVAX, BTC, LINK, LTC, SOL, XLM, and XRP. Each asset's weighting is based on its market size but is capped at 20% and has a minimum of 1%. The ETF will trade on the Cboe BZX exchange under the ticker symbol MRCA, and aims to mirror the performance of the index. A secondary goal of the ETF is to generate additional income through staking or transaction validation rewards from the supported crypto assets, if available.

Steven McClurg, CEO of Canary Capital, has criticized Zcash (ZEC), calling its recent price increase a "pump and dump" scheme and suggesting it will soon experience a significant price drop. He believes that certain actors artificially inflated Zcash's value before an expected "rug pull," where the price collapses. While McClurg acknowledges Zcash's technological importance, he favors Litecoin (LTC) as a better privacy option for regulated markets like the US and UK due to its MimbleWimble Extension Block (MWEB) feature, which offers optional privacy while maintaining auditable supply. He also mentioned Monero (XMR) as a strong privacy coin for authoritarian regimes but sees it as likely non-compliant for US citizens. At the time of the report, ZEC was trading at $324, down 50% since McClurg posted about it.

Bitcoin's price has recently dropped nearly 10% from its recent high, testing the $84,000 level before a slight recovery. The cryptocurrency is currently trading around $88,294. A market analyst suggests that the upcoming weeks are critical for Bitcoin's future direction. Bitcoin is currently holding a key weekly trading range, but faces resistance from a long-term downtrend. According to analysis, it's crucial for Bitcoin to maintain stability above $82,000. The convergence of moving averages presents a difficult resistance zone, and unless Bitcoin can establish support above these moving averages, the technical structure suggests a potential for further price declines.

XRP's price increased by 8% following the emergence of an ascending triangle pattern and a bullish Relative Strength Index (RSI) crossover. These technical indicators suggest a potential upward trend in XRP's value, leading to a new rally in the cryptocurrency's price.

The Securities and Exchange Commission (SEC) has put a stop to filings for cryptocurrency exchange-traded funds (ETFs) that would offer 3x and 5x leveraged exposure. The SEC is requesting significant modifications to these proposed investment products or suggesting that the applicants withdraw their filings altogether. This indicates the SEC has concerns about the risks associated with offering such highly leveraged crypto investment products to investors.

The cryptocurrency Ether has seemingly recovered from a recent price drop, suggesting a potential upward trend. Meanwhile, Bitcoin is testing its highest price point from the previous Friday. XRP is currently approaching a resistance level of $2.30, which could determine its next price movement.

Stablecoin activity, which often signals new money entering the crypto market, has significantly increased on the Sui, Aptos, and Solana blockchains. These three chains have seen over half a billion dollars in stablecoin volume within one week, indicating strategic positioning by investors. Sui Network's stablecoin market cap is currently $700 million, with USDC being the dominant stablecoin. Aptos has a stablecoin market cap of $1.58 billion, marking a new all-time high, with USDT leading. Solana's stablecoin market cap is $13.8 billion, with USDC as the primary stablecoin. This increase in stablecoin activity suggests potential for increased DeFi activity, trading volume, and ecosystem expansion on these chains, with Solana already leading in USDC transfers.

On December 3, 2025, the cryptocurrency market experienced a widespread recovery. The NFT sector was the strongest performer, increasing by almost 12%, with Pudgy Penguins and SuperVerse seeing gains of over 20%. Bitcoin's price rose by 6.8%, reaching $92,000, and Ethereum increased by 8.01%, exceeding $3,000. Other sectors, including DeFi, Meme, Layer 1, Layer 2, PayFi, and CeFi, also showed significant growth, with MYX, LINK, PEPE, PUMP, SUI, and OP showing particularly strong individual results. Sector indices like ssiNFT, ssiDeFi, and ssiRWA also increased, rising by 13.94%, 10.64%, and 8.15% respectively.

Coinbase added Humidifi (WET), zkPass (ZKP), Plume (PLUME), Hyperlane (HYPER), and Jupiter (JUPITER) to its listing roadmap, signaling potential future availability on the platform. Simultaneously, Bithumb listed BOB (Build on Bitcoin) and OriginTrail (TRAC), with BOB increasing 24% and TRAC going up by 13% after the announcement. The Coinbase Premium Index, which tracks the price difference of Bitcoin on Coinbase versus other exchanges and indicates US investor demand, turned positive after a month of negative values. This suggests renewed interest from US investors. Tether also minted an additional 1 billion USDT on Tron, pushing the stablecoin market cap on Tron above $80.2 billion. The overall stablecoin market capitalization is increasing, standing at more than $306.85 billion.

Bitcoin rebounded to around $92,000 during the Asia trading session after a period of market volatility. Stocks in the Asia-Pacific region also showed signs of recovery, following a global bond and cryptocurrency selloff earlier in the week. Bitcoin's price increase was supported by renewed risk appetite in equities, with analysts pointing to factors like the Federal Reserve's recent actions to inject liquidity into short-term markets and decreasing Bitcoin exchange reserves. Other cryptocurrencies like Ether and XRP also saw gains. While market sentiment has improved due to expectations of a Federal Reserve rate cut and historically positive December stock performance, some analysts remain cautious, citing concerns about whale selling, incomplete leverage resets, and potential balance sheet risks for companies holding Bitcoin.

XRP's price has begun to recover from a low of $1.9840, currently trading above $2.120. It broke above a bearish trend line at $2.150. A key resistance level is around $2.250; breaking above this could lead to further gains towards $2.320, $2.350, $2.40, $2.450, and potentially $2.50. Failure to surpass the $2.250 resistance could trigger a new decline. In that case, the initial support levels are near $2.120 and $2.10. A break below $2.10 could lead to further drops toward $2.050, $2.00, and possibly $1.920. Technical indicators suggest a bullish momentum with the MACD gaining pace and the RSI above 50.

Bitcoin is struggling below $90,000 due to heavy selling and a high number of long liquidations, where traders who bet on the price going up are forced to sell. A high liquidation dominance oscillator reading of 32% indicates that more buyers are being liquidated than sellers. This situation is preventing Bitcoin from recovering. Multiple waves of long liquidations, some exceeding $400 million, have accelerated price declines. The most recent liquidation wave of $221 million stopped a short-term price recovery, pushing Bitcoin back down. Bitcoin is currently testing a key support level around $86,000-$88,000, which is the 100 SMA moving average on the weekly chart. If this level fails, the price could drop further to around $70,000-$72,000.

A debate has emerged regarding the financial stability of Tether, the company behind the USDT stablecoin. Arthur Hayes, co-founder of BitMEX, suggested that Tether's investments in Bitcoin and gold could expose the company to risk if those assets decline in value, potentially eroding its equity. However, Joseph, a former Citi analyst, countered this claim, arguing that Tether's public attestations only show assets backing USDT and don't reflect the full corporate balance sheet, which he estimates could be in the $50-$100 billion range. He cited Tether's significant holdings in US Treasuries, generating substantial annual income, and other assets like equity stakes and Bitcoin holdings. Tether's CEO, Paolo Ardoino, has publicly stated the firm has roughly $30 billion in group equity. The core of the debate revolves around the transparency of Tether's broader holdings and whether they can be quickly accessed during a market crisis, impacting short-term liquidity even if long-term equity is substantial.

CNN will be incorporating Kalshi's prediction market data into its news coverage. Kalshi is a regulated exchange where users can trade on the likelihood of future events. This means CNN will be using Kalshi's market-derived probabilities to inform its reporting and provide viewers with insights into what the market thinks will happen on various topics.

Coinbase is focusing on artificial intelligence (AI) as a new area for stablecoin usage, which could boost the company's revenue. They've developed a technology called x402 that allows AI agents to make verified stablecoin payments for various services. This technology, along with partnerships like the one with Sui Network, enables AI to handle transactions and yield farming automatically with zero fees, potentially increasing the usage of USDC, a stablecoin that Coinbase supports. Industry experts predict that AI could significantly increase the volume of stablecoin transactions in the future. Despite these advancements, Coinbase faces challenges, including a shareholder lawsuit and mixed analyst ratings. However, the company is investing in AI, including establishing a dedicated AI lab, positioning it to capitalize on the growing market for AI-driven crypto transactions. The focus on AI could help Coinbase offset losses from the crypto market downturn and increase the value of its stock, COIN.

Ethereum's price has been increasing, surpassing $2,920 and aiming to break through a resistance level at $3,050. If it successfully settles above $3,050, further upward movement is anticipated towards $3,120, possibly reaching $3,200 or even $3,380. Failure to breach the $3,050 resistance could lead to a decline, with initial support around $2,970 and further support near $2,880. A drop below $2,840 might trigger a fall towards $2,750 or even $2,710. Currently, Ethereum is trading above $2,950, supported by the 100-hourly Simple Moving Average. Technical indicators such as the Hourly MACD and RSI suggest bullish momentum.

XRP's price fell below $2 following a market dip on December 1st, reaching a low of around $1.90. Despite this, large investors, known as whales, have been actively buying XRP for the past month. Data indicates that while the number of wallets holding over 100 million XRP has decreased, the total XRP held by these whales has reached a seven-year high of 48 billion. This suggests significant accumulation by fewer, but larger, holders. Whale activity on exchanges remains low, indicating they are holding or withdrawing XRP rather than selling. However, technical indicators still suggest a bearish trend, potentially leading to a further price decrease to $1.90. A price rebound depends on increased buying pressure from whales, which could push XRP towards $2.20 and potentially $2.50.

Ethereum is activating its Fusaka upgrade on December 3, 2025. This upgrade introduces PeerDAS technology, which allows network nodes to store only a fraction of the data, potentially increasing scalability for Layer 2 solutions. This is the second major Ethereum upgrade in 2025, following the Pectra fork in May. Fusaka combines improvements to both the execution and consensus layers of Ethereum. PeerDAS reduces storage demands for nodes by about 80% and lowers fees for Layer 2 rollups. The upgrade also allows for easier adjustments to data capacity without requiring major updates. Additionally, Fusaka integrates support for passkey-style authentication, potentially increasing institutional adoption. A past upgrade, Pectra, saw a price increase in ETH, but the impact of Fusaka will depend on the growth of Layer 2 solutions and institutional investments.

European authorities have shut down a cryptocurrency mixing service called Cryptomixer.io, which was allegedly used to launder Bitcoin. The operation, conducted between November 24 and 28, 2025, by Europol, Swiss, and German authorities, involved seizing servers in Switzerland and disabling the Cryptomixer.io domain. Investigators recovered roughly $29 million in Bitcoin they believe is tied to illicit activities. The mixing service is said to have processed approximately $1.3 billion in Bitcoin since 2016, masking the origin of funds from criminal activities like drug sales, ransomware attacks, and fraud. Authorities seized 12 terabytes of data, which could provide leads to other illegal transfers and individuals involved. While the takedown is considered a major blow against online money laundering, experts caution that criminals may adapt and move to other services, necessitating further action.

The U.S. Federal Deposit Insurance Corporation (FDIC) is preparing to release its first proposal for regulating stablecoin issuers under the GENIUS Act before the end of December. The GENIUS Act, signed into law in July, creates a system where only licensed companies can offer stablecoins in the U.S., with oversight from agencies like the FDIC, Federal Reserve, and Treasury. The FDIC's proposal will outline how stablecoin-issuing subsidiaries of FDIC-supervised institutions will operate, including capital, liquidity, and reserve asset requirements. A separate proposal detailing financial and operational requirements for approved stablecoin issuers is expected early next year. Other regulators, like the Federal Reserve and the Treasury, are also working on their responsibilities under the GENIUS Act, including establishing standards for stablecoin issuers and seeking public feedback on stablecoin oversight. Once the draft rules are released, there will be a public review before final guidelines are implemented.

In 2025, two co-founders of the South Korean crypto exchange Upbit, Song Chi-hyung and Kim Hyoung-nyon, became billionaires after their company Dunamu Inc. was acquired by Naver Financial, a part of the tech giant Naver. The all-stock deal was valued at approximately $10.27 billion. Song will hold about 19% of the merged company, worth $2.7 billion, while Kim will own around 10%, worth $1.4 billion. Upbit is South Korea's largest crypto exchange, handling approximately 70-72% of local trading and about 5% of global spot trading. The exchange sees average daily trading of around $3.4 billion and serves 5 to 8 million active users. The acquisition will give the combined Naver-Dunamu group significant control over the South Korean crypto trading market.

Bitcoin has increased above $90,000 and is currently testing the $93,000 resistance level, with traders watching for a potential breakout. If Bitcoin breaks above $93,500, it could move higher toward $95,000, with further potential resistance at $96,500, $97,200 and $98,000. However, if Bitcoin fails to surpass the $93,000 resistance, it might decline, with immediate support around $90,800 and major support near $88,400. Further decline could lead to support levels at $87,350 and potentially $86,000, with a critical support level at $84,000. Technical indicators suggest the MACD is in a bullish zone, and the RSI is above 50.

Ethereum is scheduled for its Fusaka upgrade on December 3rd, which aims to improve the network's performance, stability, and data capacity. A key component, PeerDAS, is expected to increase data capacity significantly, potentially reducing fees and speeding up transactions. The upgrade also includes EIP-7825, which sets a gas limit per transaction to prevent network congestion, and improvements to wallet security. Some analysts predict that the upgrade could trigger a substantial rally in Ethereum's price, potentially leading to new all-time highs by early 2026. Ethereum has broken through resistance near $3,000, indicating rising demand and a possible breakout.

Rumors suggest Kevin Hassett is a leading candidate to replace Jerome Powell as Federal Reserve Chair in May 2026. Hassett is considered more dovish than Powell, favoring lower interest rates and pro-growth policies. If appointed, Hassett's policies could lead to faster rate cuts, a weaker US dollar, and increased liquidity across risk assets. This is viewed as potentially positive for crypto markets, as Bitcoin and Ethereum tend to rally when real yields fall and global liquidity expands. Altcoins could also benefit from cheaper credit and higher risk appetite. However, concerns exist about the Fed's independence and potential instability in bond markets. An official nominee will be announced in early 2026, and markets are already pricing in the possibility of a shift to a more aggressive pro-growth stance.

Despite expectations of a prolonged bear market for Bitcoin, some analysts predict short-term rallies before the decline fully sets in. One analyst, TradingShot, suggests Bitcoin could experience a counter-trend rally, potentially reaching targets of $95,850 and $106,450. The first target, $95,850, aligns with the 0.382 Fibonacci level, a previous rejection point. The second target, $106,450, is slightly above the Lower Highs trendline and coincides with the 1D MA200 and the 0.618 Fibonacci retracement level.

Chainlink's price is currently consolidating within a triangle pattern, suggesting a significant price move is coming. The direction of this move depends on whether the price breaks above a key trendline, signaling a potential reversal upwards. If the price breaks below $10.20, the triangle pattern is invalidated. Key support levels to watch if the price declines are $10.70, $8.94, and $6.90. A break below $6.90 could indicate a larger, more significant downward trend. A break above the yellow trendline is needed to confirm a structural low.

Reserve Bank of Australia (RBA) Governor Michele Bullock stated the bank is closely monitoring inflation and is prepared to raise interest rates if consumer prices increase again. This statement adjusted market forecasts, with traders now predicting a 50% chance of a rate hike by August of next year. This contrasts with November estimates. Australian three-year government bond yields have also slightly increased, reflecting sensitivity to potential policy changes. Bullock's comments precede the release of third-quarter GDP data, expected to show a 0.7% economic expansion, the fastest since late 2022. The RBA monetary policy board will meet next week, where interest rates are expected to remain unchanged at 3.6%. The RBA has lowered its key interest rate three times since February. Recent economic data indicates rising home prices, strong business investments, and robust household spending.