Cointelegraph.com

Found 5759 news

  • SEC sends warning letters to ETF issuers targeting untamed leverage
    Cointelegraph.com - 18:38 Dec 03, 2025
    The United States Securities and Exchange Commission halted several ETF filings that proposed 3-5 times leverage on the underlying asset. The US Securities and Exchange Commission (SEC) sent warning letters to several exchange-traded fund (ETF) providers, halting applications for leveraged ETFs that offer more than 200% exposure to the underlying asset. ETF issuers Direxion, ProShares, and Tidal received letters from the SEC citing legal provisions under the Investment Company Act of 1940. The law caps exposure of investment funds at 200% of their value-at-risk, defined by a “reference portfolio” of unleveraged, underlying assets or benchmark indexes. The SEC said: Read more
  • ETHZilla takes stake in Karus to tokenize AI-modeled auto-loan portfolios
    Cointelegraph.com - 18:21 Dec 03, 2025
    The deal grants ETHZilla access to Karus’s AI underwriting engine and loan origination network, positioning the crypto treasury company to offer auto credit onchain in 2026. Crypto treasury company ETHZilla (ETHZ) has taken a strategic step into onchain credit with the acquisition of a 20% fully diluted stake in automotive-finance AI startup Karus. The $10 million deal includes $3 million in cash and $7 million in ETHZilla stock, and will allow the company to integrate Karus’s underwriting AI models into its blockchain stack to issue tokenized auto-loan portfolios. According to Wednesday’s announcement, Karus’s decisioning engine is trained on more than 20 million historical auto-loan outcomes and has evaluated over $5 billion in loans at origination, giving ETHZilla a pre-modeled data set to structure AI-segmented pools with onchain settlement. The first tokenized portfolios are slated for early 2026. Read more
  • Taiwan eyes 2026 stablecoin launch as crypto legislation advances: Report
    Cointelegraph.com - 17:06 Dec 03, 2025
    A Taiwan-issued stablecoin pegged to either the country’s dollar or the US dollar could enter the market in the second half of 2026 based on related legislation. Taiwan could see its first stablecoin launched as early as the second half of 2026 as lawmakers advance new rules for digital assets, according to one of the country’s financial regulators. According to a Focus Taiwan report on Wednesday, Financial Supervisory Commission (FSC) Chair Peng Jin-lon said that, based on the timeline for passing related legislation, a Taiwan-issued stablecoin could enter the market in the second half of 2026. Should the Virtual Assets Service Act pass in the country’s next legislative session, and accounting for a six-month buffer period for the law to take effect, it would lay the groundwork for the launch of a Taiwanese stablecoin. Read more
    Tags: Taiwan
  • Miners are turning off their machines: Why even new rigs can’t break even
    Cointelegraph.com - 17:03 Dec 03, 2025
    Miner margins are collapsing as hash price hits record lows. This guide explains 2025 economics, break-even tests and what struggling operators can do. Miners are working through one of the toughest margin environments the industry has faced in years. According to a recent breakdown, hash revenue for large public miners has fallen from about $55 per petahashes (PH) per day in Q3 to roughly $35 per PH/day today. Their median all-in cost sits near $44 per PH/day. In other words, a significant part of the sector is now mining at a loss. Read more
    Tags: Miners
  • Why Tether is buying more gold than many central banks and what it signals
    Cointelegraph.com - 16:42 Dec 03, 2025
    Tether’s rapid gold accumulation in Q3 2025 surpassed many national banks. This move reflects Tether’s strategy to build gold reserves. Tether purchased 26 tons of gold in Q3 2025, a larger quarterly acquisition than any reporting central bank. Its total holdings reached 116 tons, placing it among the world’s top 30 gold holders. Stablecoin issuers, sovereign wealth funds, corporations and tech firms are increasingly active in gold markets. This trend marks a structural shift in global demand once dominated by central banks. Central banks added 220 tons of gold in Q3 2025, up 28% from Q2. Countries such as Kazakhstan, Brazil, Turkey and Guatemala made notable additions despite record prices. Read more
  • CleanSpark lifts output and power as Bitcoin miners face strain
    Cointelegraph.com - 16:36 Dec 03, 2025
    November production rose 11% and contracted power topped 1.4 GW, even as falling bitcoin prices and tighter margins pressure the mining sector. Bitcoin mining company CleanSpark (CLSK) maintained elevated production levels in November, signaling elevated revenue generation despite a challenging environment for cryptocurrency miners and the broader digital asset market. The company reported Wednesday that it mined 587 Bitcoin (BTC) during the month, an 11% increase from October.  CleanSpark also expanded its contracted power capacity by approximately 11% to more than 1.4 gigawatts, a key measure of the electricity the company has secured to support future mining operations. A larger power footprint allows the company to deploy more mining equipment and scale output over time. Read more
  • Can BNB price retake $1K in December?
    Cointelegraph.com - 15:40 Dec 03, 2025
    Multiple bullish signals, including a double bottom and falling wedge breakout, are aligning to potentially lift the BNB price toward $1,000 in December. BNB (BNB) is showing renewed bullish momentum after bouncing more than 13% from a local bottom near $800. It traded above $910 on Wednesday, while eyeing a potential push back toward $1,000. Key takeaways: BNB’s double bottom, falling wedge breakout, and liquidation pressure align to target $1,020–$1,115 in December. Read more
    Tags: December
  • Ethereum treasury demand collapses: Will it delay ETH’s recovery to $4K?
    Cointelegraph.com - 15:01 Dec 03, 2025
    Collapsed Ethereum treasury demand and stiff overhead resistance between $3,100 and $3,200 stood in the way of Ether’s recovery to $4,000. Ether’s (ETH) price traded at $3,077, up 17% above its local lows of $2,620 reached on Nov. 21. However, reduced treasury buying and overhead resistance delayed sustained recovery toward $4,000. Key takeaways: Ether treasury demand has collapsed 80%, raising concerns about their sustainability. Read more
  • Strategy’s Michael Saylor on potential MSCI exclusion: ‘We’re engaging’
    Cointelegraph.com - 14:11 Dec 03, 2025
    Strategy is urging MSCI to retain MSTR in its indexes, despite raising its Bitcoin holdings to 650,000 BTC as it has lowered its 2025 targets. Michael Saylor’s Strategy is not giving up on efforts to keep its common A stock (MSTR) part of the MSCI indexes after the stock entered the MSCI World Index during the Bitcoin rally in 2024. Amid MSCI Global Standard Indexes holding consultations on whether to delete MSTR and other digital asset treasuries (DATs) from its indexes, Strategy’s Saylor said the company is communicating with the index provider about the issue, Reuters reported on Wednesday. “We’re engaging in that process,” the Strategy founder said, adding that he “was not sure” about the accuracy of JPMorgan’s reported estimations that a potential exclusion from the MSCI could trigger $2.8 billion of outflows. Read more
  • Binance’s new ‘Junior’ app draws mixed reactions over kids entering crypto
    Cointelegraph.com - 13:42 Dec 03, 2025
    Binance’s new Junior app aims to bring supervised crypto use to minors, prompting both praise for early education and criticism of child targeting. Binance has launched Binance Junior, a parent-controlled crypto app for users ages 6 to 17, in a move that sparked debate over introducing digital assets to minors. The company announced Wednesday that Binance Junior is a standalone mobile app linked to a parent’s primary Binance account. The tool allows adults to deposit crypto, set spending and transfer limits and enable Earn products for their kids, depending on local regulations.  Binance framed the new product as a family-focused financial literacy tool. It mirrors traditional custodial accounts, where children can hold assets while parents remain the legal owners and control permissions.  Read more
  • Japan’s new crypto tax could wake ‘sleeping giant’ of retail investors
    Cointelegraph.com - 13:39 Dec 03, 2025
    The crypto industry in Japan is poised for a surge in growth among retail investors, observers say, as the government plans to introduce a moderate 20% tax. A new, more moderate tax on digital assets in Japan is projected to make crypto more appealing to retail investors. Lawmakers in the National Diet, Japan’s legislature, reportedly support a proposal from the country’s financial watchdog, the Financial Services Agency (FSA), that would lower taxes on crypto. The rate would decrease from a maximum of 55% to 20%, aligning the taxation regime more closely with traditional assets and securities. Relaxing the tax code reflects a growing trend of the government moderating its stance toward crypto in Japan. From a relative gray zone to strict regulations, to becoming part of a national growth plan, the government has gradually recognized crypto as part of the financial industry. Read more
    Tags: Japan
  • Ethereum treasury trade unwinds 80% as handful of whales dominate buys
    Cointelegraph.com - 13:27 Dec 03, 2025
    Corporate Ether acquisitions continue to decline, leaving the world’s largest corporate ETH holder to scoop up billions in Ether, aiming to amass 5% of the total supply. The Ethereum treasury trade appears to be unwinding as monthly acquisitions continue to decline since the August high, though the largest players continue to scoop up billions of the Ether supply. Investments from Ethereum digital asset treasuries (DATs) fell 81% in the past three months, from 1.97 million Ether (ETH) in August to 370,000 ETH in November, according to Bitwise, an asset management firm. “ETH DAT bear continues,” wrote Max Shennon, senior research associate at Bitwise, in a Tuesday X post. Read more
    Tags: Ethereum
  • How Neal Stephenson ‘invented’ Bitcoin in the ‘90s: Author interview
    Cointelegraph.com - 13:20 Dec 03, 2025
    Author Neal Stephenson mapped out how uncensorable, cryptographic digital currency could work more than a decade before Bitcoin was invented. Author Neal Stephenson famously invented the term “Metaverse” with the publication of Snow Crash in 1992 a year before the World Wide Web or Doom even launched. But for crypto fans, his fictional depictions of early versions of Bitcoin more than a decade before it was invented are even better reasons to celebrate his work. In his 1995 novel The Diamond Age he described an anonymous peer-to-peer communication system that could transfer money. A short story he published in TIME that same year called The Great Simoleon Caper explored a private, cryptographic digital currency using private keys called CryptoCredits. His most in-depth work detailing a plan to set up money outside of the control of the state was the 1999 doorstopper opus Cryptonomicon, whose title was partly inspired by the Cyphernomicon FAQ. Read more
    Tags: Bitcoin
  • Georgia eyes onchain property rights and tokenization with Hedera partnership
    Cointelegraph.com - 12:40 Dec 03, 2025
    Georgia explores putting its public registry on the Hedera blockchain and tokenizing real estate through blockchain-integrated government infrastructure. Georgia’s Ministry of Justice has signed a memorandum of understanding (MoU) with the public blockchain network Hedera, as it considers moving the country’s land registry onchain and tokenizing real estate. According to a Monday announcement from the Ministry of Justice of Georgia, the government signed an MoU with Hedera, a public blockchain with permissioned node operation. At a meeting between the Minister of Justice of Georgia, Paata Salia, and a representative of Hedera, the two parties discussed the potential integration of blockchain technology into public infrastructure. Georgian officials said they are considering transferring data from the National Agency of Public Registry to the blockchain network, hoping this “would ensure even greater protection of property rights, transparency and reliability of processes.” Read more
  • Bitcoin now settles Visa-scale volumes, but most is for wholesale, not coffee
    Cointelegraph.com - 12:17 Dec 03, 2025
    Bitcoin settled $6.9 trillion in the past 90 days as a growing alternative to traditional settlement networks, but its global merchant adoption remains only a fraction of the international giants. Bitcoin (BTC) and US dollar–pegged stablecoins are emerging as a global alternative for moving value across borders without banks and card networks, as the Bitcoin network’s settlement volume begins to rival the world’s largest payment giants. Bitcoin settled $6.9 trillion worth of payments over the past 90 days, which is “on par with or above Visa and Mastercard,” according to blockchain data platform Glassnode’s digital asset research report for the fourth quarter of 2025, published on Wednesday. Over the same period, Visa processed $4.25 trillion in payment volume and Mastercard $2.63 trillion, for a combined $6.88 trillion, according to the report. Read more
    Tags: Bitcoin
  • Gensler separates Bitcoin from pack, calls most crypto ‘highly speculative’
    Cointelegraph.com - 11:41 Dec 03, 2025
    In a Bloomberg interview, former SEC Chair Gary Gensler reiterated that Bitcoin stands apart from thousands of other crypto tokens, which he described as “highly speculative” assets. Former US Securities and Exchange Commission Chair Gary Gensler renewed his warning to investors about the risks of cryptocurrencies, calling most of the market “highly speculative” in a new Bloomberg interview on Tuesday. He carved out Bitcoin (BTC) as comparatively closer to a commodity while stressing that most tokens don’t offer “a dividend” or “usual returns.” Gensler framed the current market backdrop as a reckoning consistent with warnings he made while in office that the global public’s fascination with cryptocurrencies doesn’t equate to fundamentals. Read more
  • Cayman Islands Web3 foundations jump 70% as CARF reporting rules arrive
    Cointelegraph.com - 10:55 Dec 03, 2025
    Cayman foundation registrations increase by 70% year-on-year as DAOs seek legal wrappers, with CARF rules set to arrive in 2026. New figures reveal a 70% year-on-year increase in Cayman Islands foundation company registrations, with more than 1,300 on the books at the end of 2024, and over 400 new registrations already in 2025. These structures are increasingly being used as legal wrappers for decentralized autonomous organizations (DAOs) and as ecosystem stewards for major Web3 projects. According to a news release from Cayman Finance, many of the world’s largest Web3 projects are now registered in the Cayman Islands, including at least 17 foundation companies with treasuries over $100 million. Read more
    Tags: CARF
  • Further, 3iQ launch $100M fund that compounds returns in Bitcoin
    Cointelegraph.com - 10:51 Dec 03, 2025
    Further and 3iQ have launched a $100 million market-neutral crypto hedge fund for institutions, including a Bitcoin share class that reinvests gains in BTC. United Arab Emirates-based digital asset manager Further Asset Management has partnered with Canadian crypto investment firm 3iQ to launch a $100 million hedge fund targeting institutional investors seeking structured exposure to cryptocurrencies, including a Bitcoin-denominated share class that reinvests gains directly into BTC. According to a Wednesday announcement, the Further x 3iQ Alpha Digital Fund is a market-neutral, multi-strategy vehicle designed to deliver risk-managed exposure to liquid crypto markets under an institutional framework. The fund was seeded with capital from institutional investors, family offices and sovereign backers. “We’re providing institutional-grade, risk-managed and scalable access to digital assets, including Bitcoin, within a structure that has successfully passed the rigorous institutional due diligence of leading glob...
  • Bitcoin adds $732B in new capital this cycle as market structure transforms
    Cointelegraph.com - 10:46 Dec 03, 2025
    Bitcoin’s latest bull cycle produced a very different market structure, defined by larger institutional participation, lower volatility and deeper liquidity. Bitcoin (BTC) rose on Wednesday, gaining 7.5% over the last 24 hours to trade above $93,000, as analysts expected new highs. This came amid record capital inflows, rising realized cap and decreasing volatility, which suggested a changing market structure, according to a new joint report from Glassnode and Fanara Digital.  Key takeaways: Read more
    Tags: Bitcoin
  • Ethena’s synthetic USDe contracts sharply as dollar-backed stablecoins expand
    Cointelegraph.com - 09:56 Dec 03, 2025
    Ethena’s USDe shed 24% of its supply in November, losing market share as fiat-backed stablecoins including USDT, USDC, PYUSD and RLUSD added billions. Ethena’s synthetic-dollar stablecoin USDe saw one of its sharpest monthly contractions yet, while fiat-backed stablecoins including USDT, USDC and PYUSD attracted billions in inflows.  CoinGecko data showed that Ethena’s USDe stablecoin fell from a market capitalization of $9.3 billion on Nov. 1 to $7.1 billion on Nov. 30. The token saw about $2.2 billion in redemptions, marking a 24% decline in supply in November.  Ethena’s USDe is a synthetic stablecoin that maintains its dollar peg through trading strategies with crypto and futures contracts rather than holding actual dollars. USDe outflows mean that users are either selling USDe on the open market, withdrawing from pools or unwinding their positions on decentralized applications (DApps). Read more

5759 items