Crypto

The crypto industry rushed to the aid of Hong Kong residents who suffered the city’s most devastating fire in 80 years, claiming the lives of at least 128 people. Some of the world’s biggest cryptocurrency exchanges and Web3 companies have pledged millions of dollars to support victims of the deadly fire at the Wang Fuk Court apartment complex in Hong Kong’s Tai Po District, highlighting the sector’s growing role in real-world relief efforts. Three centralized crypto exchanges (CEXs) have publicly pledged to donate $24.78 million Hong Kong dollars ($3.19 million) to aid the victims of the devastating fire, which claimed the lives of at least 128 residents. The donations included $1.5 million from Bitget exchange, $1.28 million from Binance, and about $256,000 from KuCoin exchange. Read more

Bitcoin crept back toward $92,000 as markets slowly recovered from last week’s heavy sell-off, but mounting resistance threatens to keep the broader downtrend intact.

Whales moved 460M XRP in 4 days as price holds $2.20. With exchange reserves falling and $2.00 support intact, is XRP set for a breakout?

Strategic Income Opportunities Portfolio expands its allocation to the iShares Bitcoin Trust amid rising institutional demand.

Wemade’s new GAKS alliance brings Chainalysis, CertiK and SentBe together to support a compliant KRW stablecoin mainnet after multiple setbacks. Blockchain gaming company Wemade is pushing for a Korean won-based stablecoin ecosystem, forming a Global Alliance for KRW Stablecoins (GAKS) with Chainalysis, CertiK and SentBe as founding partners.  Wemade announced that the alliance will support StableNet, a dedicated mainnet for Korean won-backed stablecoins, with publicly released code and a consortium model that aims to meet institutional and regulatory requirements.  Within the partnership, Chainalysis will integrate threat detection and real-time monitoring, while CertiK will handle node validation and security audits.  Read more

Licensed by Austria’s Financial Market Authority, KuCoin EU can operate across 29 EEA countries, excluding Malta. Major cryptocurrency exchange KuCoin is the latest company to secure a license under the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework. KuCoin’s European arm, KuCoin EU, secured a MiCA license from the Financial Market Authority of Austria, the company said in a statement shared with Cointelegraph on Friday. The authorization allows KuCoin EU to offer crypto asset services across 29 countries in the European Economic Area (EEA), excluding Malta, according to the exchange’s representatives. Read more

President Trump and his family made $800 million from sales of cryptocurrencies in the first half of the year, according to a new report.

KuCoin EU obtained a Markets in Crypto Assets (MiCA) regulation license in Austria, allowing it to offer regulated services across the EEA.

Tokenization promises faster and cheaper markets, but the IMF warns that new risks and government intervention will accompany the shift to programmable finance. The IMF dropped an explanatory video on its X handle today exploring the new phenomenon of tokenized markets. The international body responsible for ensuring the stability of the global monetary system recognized the advantages of tokenized markets in the video, but warned that they can be prone to flash crashes and are more volatile than traditional markets. “Tokenization can make financial markets faster and cheaper, but efficiencies from new technologies often come with new risks,” the video said. Read more

Upbit said it reimbursed all 38.6 billion won in member assets from its reserves.

Arthur Hayes predicts equity perps on crypto exchanges will overtake CME-style futures and hollow out legacy stock markets.

On Nov. 26, Nasdaq’s International Securities Exchange quietly triggered one of the most important developments in Bitcoin’s financial integration. The trading platform asked the US Securities and Exchange Commission (SEC) to raise the position limit on BlackRock’s iShares Bitcoin Trust (IBIT) options from 250,000 contracts to one million. On the surface, the proposal looks procedural. […] The post Bitcoin on Wall Street will never be the same after a quiet Nasdaq move appeared first on CryptoSlate.

South Korea’s AML overhaul introduces stricter reporting, bans offenders from owning VASPs and implements preemptive freezes to prevent illicit crypto flows. South Korea is preparing one of its toughest Anti-Money Laundering (AML) crackdowns as it plans to expand its crypto Travel Rule to cover transactions under 1 million won ($680). According to a Yonhap News report, the chairman of the country’s Financial Services Commission (FSC), Lee Eok-won, revealed the plans to the National Assembly’s Legislation and Judiciary Committee on Wednesday, saying that the government will crack down on money laundering activities that exploit crypto transactions.  “We will crack down on crypto money laundering […] expanding the Travel Rule to transactions under 1 million won,” he said, according to a translated version of his comments. Read more

Ethereum trades near its 2016 trendline with RSI and MACD showing early strength. Analysts watch $3K zone as possible launch point.

The end of the week and the end of the month have arrived, which means a big Bitcoin options expiry event as spot markets struggle to maintain momentum. 

The two officers have been stripped of their positions following their arrest in connection with the crypto money-laundering scheme.

Balancer has identified six whitehat actors who recovered approximately $3.9 million across multiple networks during the exploit.

Implied volatility indices tied to bitcoin and the S&P 500 have erased the recent spike, offering bullish price signals.

Europe’s leading asset manager Amundi is launching the first tokenized money market fund, and it has chosen the Ethereum blockchain.

Traders have quickly re-priced the macro backdrop as the probability of a 25 bps cut at the upcoming FOMC meeting has surged from 39% to almost 87% in a matter of days.