Bitcoin price stalled as traders consider the impact of Friday’s $14 billion options expiry, but data does show some bullish traders positioning for higher prices. Key takeaways: Friday’s $14 billion BTC options expiry favors neutral-to-bearish bets as most call (buy) strikes sit above $91,000, increasing pressure on bulls. Bitcoin traders added year-end call options near $100,000 despite recent losses, showing that bullish expectations persist. Read more
The US CFTC opened nominations for a CEO-led advisory group that will help shape policy on crypto, prediction markets and other emerging products. Caroline Pham, acting chair of the US Commodity Futures Trading Commission, called for nominations of CEOs to fill seats on a council to discuss policies, including those related to digital assets. In a Tuesday notice, Pham said the CFTC would be accepting submissions until Dec. 8 for a “CEO Innovation Council,” referencing the regulator’s previous efforts to regulate digital assets, including its “Crypto Sprint” initiative, a crypto industry forum, and Congress’ progress with a market structure bill. The acting chair said the council would focus on the CFTC’s “expanded mission over crypto and prediction markets.” “The CFTC stands ready to carry out our mission over expanded markets and products, including crypto and digital assets, and ensure our markets remain vibrant and resilient while protecting all participants,” said Pham. “In order to hit the ground runnin...
The bank cited increasing trading volume and the number of users among large exchanges, as well as gaps in South Africa’s regulatory framework on crypto. The South African Reserve Bank issued its second financial stability report for 2025, identifying digital assets and stablecoins as a new risk as the number of users in the country continues to grow. In a report released on Tuesday, South Africa’s central bank identified “crypto assets and stablecoins” as a new risk for technology-enabled financial innovation. The bank reported that the number of combined users on the country’s three largest crypto exchanges reached 7.8 million as of July, with about $1.5 billion held in custody at the end of 2024. “Due to their exclusively digital – and therefore borderless – nature, crypto assets can be used to circumvent the provisions of the Exchange Control Regulations,” said the report, referring to regulations to control the inflows and outflows of funds to South Africa. Read more
Halving math, shielded growth and NU6.1 governance turned Zcash from a low-profile relic into November’s most-searched crypto. Zcash surged more than 10x within weeks, briefly returning to large-cap territory with a valuation above $10 billion. On Coinbase, ZEC became the most-searched asset in mid-November, surpassing both Bitcoin and XRP. The rally is supported by several real shifts: the 2024 halving, rising shielded balances and the NU6.1 holder-controlled funding model. Read more
The addition of Fordefi’s MPC wallet infrastructure broadens Paxos’ regulated capabilities for custody, tokenization and institutional onchain operations. Blockchain infrastructure company Paxos has acquired Fordefi, a New York-based institutional crypto wallet and custody technology startup. Paxos said the deal brings its regulated custody infrastructure together with Fordefi’s multi-party computation (MPC) wallet technology and decentralized finance integrations, providing institutions with a single platform to issue stablecoins, tokenize assets, and manage onchain transactions. While transaction terms were not disclosed in today’s announcement, a Paxos spokesperson told Fortune the deal was worth more than $100 million. Read more