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From custody standards to stablecoin oversight, India’s VDA review may help shape an investor-focused framework that brings crypto rules closer to global norms. With more than 100 million crypto users, India still lacks a comprehensive virtual digital asset (VDA) law. Existing rules address taxation and AML obligations, but they do not fully cover consumer protection or broader market conduct. Issues under discussion include the absence of unified investor-protection rules, unregulated trading practices and concerns that India’s 30% tax plus 1% TDS regime is pushing users to offshore platforms. Stakeholders are discussing a risk-based VDA framework, licensing requirements for exchanges and custodians, conduct-of-business standards, RWA-specific regulations and improved data and reporting systems. Read more
The European Central Bank said stablecoin risks in the euro area are limited, with crypto trading dominating use and retail adoption under 1%, while monitoring continues. Financial stability experts at the European Central Bank (ECB) said stablecoin-related risks in the euro area are limited due to low adoption and preventative regulation. The ECB on Monday published its financial stability review pre-release, devoting it to the growing market of stablecoins, which are digital assets pegged to the value of fiat currencies or commodities. Authored by ECB financial stability experts Senne Aerts, Claudia Lambert and Elisa Reinhold, the report questioned stablecoin use cases beyond crypto trading and highlighted their low financial stability risks in the euro area. Read more
Former Italian Prime Minister Matteo Renzi will join the Enlivex board to support its policy efforts in establishing the first corporate treasury holding a prediction market token. A Nasdaq-listed biotech firm is raising $212 million in a late-cycle pivot into crypto, planning to buy the token of a decentralized prediction market even as other digital-asset treasuries (DATs) struggle to stay afloat. Enlivex Therapeutics (ENLV), a clinical-stage macrophage reprogramming immunotherapy company, said on Monday it plans to raise $212 million through private investment in public equity, selling 212 million shares at $1 each. The price represents an 11.5% discount to Friday’s close, according to the company’s filing with the US Securities and Exchange Commission. The company plans to invest the majority of the $212 million in Rain (RAIN), the utility token behind the Rain decentralized prediction market on the Arbitrum network, marking the first corporate strategy centered on a prediction market token, according to ...
A researcher warned that more than 400 NPM libraries, including at least 10 crypto packages mostly tied to ENS, were compromised by Shai Hulud malware. A major JavaScript supply-chain attack has compromised hundreds of software packages, including at least 10 used widely across the crypto ecosystem, according to research from cybersecurity firm Aikido Security. In a Monday post, Charlie Eriksen, a researcher at Aikido Security, shared the names of over 400 packages that showed signs of infection with the “Shai Hulud” self-replicating worm malware used in the ongoing JavaScript NPM library supply chain attack. Eriksen said he validated each detection to avoid false positives. Many of the cryptocurrency-related packages involved receive tens of thousands of downloads per week and have numerous other packages that require them to function. In an X post published earlier Monday, Eriksen also warned the Ethereum Name Service (ENS) team that several of their packages were affected. Read more
Despite a steep drop in its share price, Strategy’s Bitcoin stack is in the green and it continues to outperform top tech equities over time. Update Nov. 24, 1:20 pm UTC: This article has been updated to add comments from Kyle Rodda, senior market analyst at Capital.com. Bitcoin investor Strategy is facing a rough stretch this year, prompting speculation that its high-conviction Bitcoin play is coming undone. A look beyond the one-year chart tells a different story. Google Finance data shows that Strategy (MSTR) stock is down almost 60% over the last year, and has declined by over 40% year-to-date (YTD). The stock traded near $300 in October, before dropping to about $170 at the time of writing. Read more
A decline in speculative crypto investor appetite has seen Pump.fun’s revenue fall by 50% since October, raising concerns about incoming selling pressure. Memecoin launchpad Pump.fun has reportedly cashed out more than $436 million in stablecoins since October’s record crypto market crash throttled trading activity and slashed the platform’s monthly revenue. Since Oct. 15, the Solana-based memecoin launchpad transferred $436 million in USDC (USDC) stablecoins to cryptocurrency exchange Kraken, signaling the platform’s operators were cashing out, according to blockchain data platform Lookonchain. Pump.fun began transferring millions in stablecoins to the exchange a week after the record $19 billion October crypto market crash had cut speculative appetite among memecoin investors. Read more
With Thailand’s markets in turmoil, Bitkub is shifting toward Hong Kong’s thriving equity market for a $200 million IPO raise, Bloomberg reported. Bitkub, Thailand’s biggest cryptocurrency exchange, is considering an initial public offering (IPO) abroad amid a downturn in the local stock market. Bitkub is planning to raise $200 million as part of a potential IPO in Hong Kong, Bloomberg reported on Monday, citing unidentified sources familiar with the matter. Founded in 2018, Bitkub trades about $66 million daily, according to CoinGecko data. Read more
Bitcoin bulls began to eye higher BTC price levels as sentiment reversed to the upside ahead of a turbulent macroeconomic data week. Bitcoin (BTC) heads into the November monthly close hanging by a thread below $90,000. Bitcoin traders hope for a modest recovery and even a return above the $100,000 mark after a brutal sell-off. BTC price action still has to contend with the aftermath of its latest “death cross” on daily time frames. Read more
Bitcoin showed signs of recovery after nearing $82,000 on Friday, with analysts noting easing selling pressure and rising Fed rate cut expectations. Crypto market analysts are confident that Bitcoin’s recovery could continue as the cryptocurrency has begun to move higher since its bottom at just above $82,000 on Friday. Tech stocks and crypto markets dumped over the past two weeks “because of the market flip-flopping on expectations for a rate cut,” Capriole Fund founder Charles Edwards posted to X on Monday. “As the market reverts, expect it will carry Bitcoin somewhat higher,” he added. Read more
Uniswap founder Hayden Adams said X's new feature showing the country that an account is based in was a form of “mandatory doxing.” Ethereum co-founder Vitalik Buterin has said a new feature rolled out by X revealing an account holder’s country was “risky,” agreeing with crypto users who flagged privacy concerns over the feature. X director of product Nikita Bier announced the feature was rolled out on Saturday, framing it as a way to ensure the integrity of the platform and allow users to verify information. Buterin said on Sunday that some accounts will eventually “find ways to pretend to be from countries that they are not,” but initially thought the change could have positive effects, such as increased visibility into how people from different communities feel about various issues. Read more
Bitcoin open interest has seen a sharp decline in the last month, which one analyst says could form a “solid bottom” for it to climb back from. Bitcoin open interest has dropped off as the cryptocurrency’s price has slid over the past month, which an analyst argues could see Bitcoin hit a bottom and spark a “renewed bullish trend.” Open interest in terms of Bitcoin (BTC) has seen its “sharpest 30-day drop of the cycle” at around 1.3 million BTC, currently worth $114 billion with Bitcoin trading at $87,500, analyst “Darkfost” posted to CryptoQuant on Sunday. The cascading price of BTC over the past few weeks “continues to trigger liquidations,” pushing traders to double down or readjust their strategies. However, it now appears investors are halting futures trading to “reduce risk exposure. Read more
Bitwise’s Matt Hougan says tokens are getting better at returning value to holders, and Ethereum's Fusako upgrade could “increase token value capture.” Crypto tokens are becoming increasingly efficient at capturing value, thanks in part to new regulations and upgrades, which could send prices surging in 2026, according to Bitwise chief investment officer Matt Hougan. Hougan said in an X post on Saturday that in the chaos of the current market pullback, big news is getting lost, such as the level of value capture in digital assets trending upward. “Most of today’s tokens were created in a regulatory era where value capture was risky; as a result, they defaulted to vague governance-style design choices,” he said. Read more
Jan van Eck says quantum computing could threaten Bitcoin's encryption and privacy, and his firm “will walk away” if it’s “fundamentally broken.” Bitcoin’s encryption and privacy could be at risk from quantum computing, but it is still a good investment for now, says Jan van Eck, CEO of investment manager VanEck. “There is something else going on within the Bitcoin community that non-crypto people need to know about,” van Eck told CNBC on Saturday. “The Bitcoin community has been asking itself: Is there enough encryption in Bitcoin? Because quantum computing is coming.” He said that the company believes in Bitcoin (BTC), but it was around before the cryptocurrency launched and “will walk away from Bitcoin if we think the thesis is fundamentally broken.” Read more
The tension erupted following news that Strategy and other crypto treasury companies would likely be excluded from major market indexes. The backlash against financial services company JP Morgan from the Bitcoin (BTC) community and supporters of BTC treasury company Strategy continued to swell on Sunday as calls to “boycott” JP Morgan grew. The anger from the Bitcoin community followed news that the MSCI, formerly Morgan Stanley Capital International, an index company that sets criteria for index inclusion, is likely to exclude crypto treasury companies from its indexes in January 2026. JP Morgan shared the MSCI news in a research note. “I just pulled $20 million from Chase and suing them for credit card malfeasance,” real estate investor and Bitcoin advocate Grant Cardone said in response to a call to boycott the financial services giant. Read more
The rising volatility suggests a potential return to levels seen before the launch of BTC exchange-traded funds, which dampened volatility. Bitcoin’s (BTC) price volatility has surged over the last two months, signaling a potential return to options-driven price action that sparks large market moves in both directions. Bitcoin’s implied volatility never broke past 80% after Bitcoin ETFs were approved in the United States, according to Jeff Park, a market analyst and advisor at investment firm Bitwise. However, a chart shared by Park shows that Bitcoin’s volatility is creeping back up to about 60 at the time of this writing. Read more
Grayscale says Chainlink will anchor the next phase of blockchain adoption, positioning LINK as the core infrastructure powering tokenization. Grayscale has said that Chainlink will be at the center of the next major phase of blockchain adoption, referring to the project as the “critical connective tissue” that links crypto to traditional finance. In a recent research report, the asset manager argued that Chainlink (LINK)’s growing suite of software tools is emerging as essential infrastructure for tokenization, crosschain settlement and the broader shift toward real-world assets on blockchain rails. “A more accurate description of Chainlink today would be modular middleware that lets on-chain applications safely use off-chain data, interact across blockchains, and meet enterprise-grade compliance needs,” Grayscale wrote. Read more
Bloomberg’s Eric Balchunas says Zcash could dilute political and cultural support for Bitcoin, as critics accuse the privacy coin of manufactured hype. Bloomberg Senior ETF Analyst Eric Balchunas has warned that Zcash may adversely impact Bitcoin at this crucial moment. In a recent post on X, Balchunas said Zcash (ZEC) has “third-party candidate vibes, like Gary Johnson or Jill Stein,” arguing that pushing a separate privacy coin risks “splitting the vote” when Bitcoin (BTC) needs unified political and cultural support. Balchunas’s comment comes as the Bitcoin vs Zcash debate intensifies. Arman Meguerian, founder and CEO of Timestamp, dismissed the idea that BTC supporters are pivoting to Zcash. “I don't know a single Bitcoin maxi that thinks about Zcash at all,” he wrote on X. Read more
Crypto Dispensers is weighing a $100 million sale as its CEO faces federal accusations of running a multimillion-dollar money laundering scheme. Crypto Dispensers, a Chicago-based operator of Bitcoin ATMs, is considering a potential $100 million sale as its founder faces federal money laundering charges. In a Friday press release, the company announced that it has hired advisors to conduct a “strategic review” and explore buyer interest. Crypto Dispensers mentioned its 2020 shift away from physical ATMs toward a software-driven model, a transition it says was meant to address rising fraud, compliance pressure and regulatory scrutiny. CEO Firas Isa described the sale review as part of the firm’s next growth phase. “Hardware showed us the ceiling. Software showed us the scale,” he said. Read more
The crypto market hasn’t reached “euphoric levels,” which means less reason to expect a major landslide, according to Lyn Alden. A significant crash for Bitcoin and the broader crypto market doesn’t look likely at this stage, according to macroeconomist Lyn Alden. “We haven’t hit euphoric levels in this cycle; therefore, there is less of a reason to expect a kind of major capitulation,” Alden said during a recent episode of the What Bitcoin Did podcast. “The cycle could go on for longer than people can expect, because it’s not driven by the halving, it’s driven by broader macro and interest in the asset itself,” Alden said, shutting down the idea that the four-year cycle is still intact. Read more
Bitcoin being widely used for daily payments in the future is just “out-of-the-money-option value upside,” according to BlackRock’s head of digital assets Robbie Mitchnick. BlackRock’s head of digital assets, Robbie Mitchnick, said that most of the world’s largest asset managers’ clients aren’t considering Bitcoin’s use for daily payments when deciding whether to invest in the asset. “I think for us, and most of our clients today, they’re not really underwriting to that global payment network case,” Mitchnick said during a podcast interview published to YouTube on Friday. “That’s sort of maybe out-of-the-money-option-value upside,” Mitchnick said. Read more7246 items