Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Standard Chartered Bank Malaysia and Capital A (AirAsia’s parent) have signed a Letter of Intent to jointly develop and pilot a ringgit‑pegged stablecoin inside Bank Negara Malaysia’s Digital Asset Innovation Hub (DAIH), a regulated sandbox. Standard Chartered Malaysia will act as issuer and lead technical development, testing and issuance, while Capital A will explore wholesale, real‑world use cases through its travel and digital ecosystem. The project targets institutional and wholesale applications (not retail), aiming to improve domestic liquidity, operational efficiency and cross‑border or sectoral settlement flows. Both parties will perform further technical, regulatory and commercial assessments under BNM’s supervision. The announcement follows broader moves in Malaysia toward clearer crypto rules and comes as Standard Chartered expands institutional ties in crypto (including a separate partnership with Coinbase). For traders: a MYR stablecoin pilot could gradually increase institutional on‑chain utility for ringgit liquidity, reduce friction in business‑to‑business settlements, and set a regulatory precedent that may encourage further regulated tokenisation in Malaysia. Primary keywords: ringgit stablecoin, Standard Chartered Malaysia, Capital A, Bank Negara Malaysia, stablecoin regulation.

Hackers stole roughly $36 million in Solana (SOL) assets from South Korea’s Upbit on November 27. South Korean investigators asked major exchanges to freeze funds linked to the theft and specifically requested Binance freeze about 470 million won (≈$370,000) in SOL. Binance froze only about $55,000 (≈17% of the request) after approximately a 15‑hour delay, citing the need for additional verification. The slow and partial response drew criticism from investigators, regulators and industry experts, who say cross‑border verification procedures and legal risk claims by exchanges can impede rapid asset freezes. Proposals under discussion include dedicated emergency channels or standardised cross‑exchange protocols to enable faster temporary freezes while verification proceeds. The incident coincides with South Korea’s move to apply bank‑level “no‑fault” standards to crypto exchanges, which may increase regulatory scrutiny on incident response and custody practices. Traders should note heightened attention on exchange compliance and cross‑border freeze effectiveness, the likely persistence of fast on‑chain asset flows after hacks, and increased emphasis on rapid tracing and coordination to limit losses.

Trust Wallet has integrated Revolut as a fiat-to-crypto on‑ramp, enabling European users to buy major cryptocurrencies directly inside the noncustodial wallet using Revolut balances and payment methods. The integration supports local fiat currencies across Revolut’s EEA footprint, leverages Revolut’s regulated payment rails and KYC processes, and preserves user private-key control in Trust Wallet. Purchases start from low minimums and include per-transaction and daily limits set by the providers; initial support covers major coins already available in Trust Wallet (no new token listings announced), with stablecoins (including USDC) planned in later phases. Revolut’s regulatory approval under EU frameworks (MiCA/CySEC jurisdictional licensing) and recent funding/valuation updates reduce regulatory friction and may speed adoption. For traders, the partnership lowers entry friction for European retail users, potentially increasing on‑chain inflows and demand for supported large-cap tokens, while keeping custody noncustodial — a factor that may encourage longer-term holding rather than exchange flows.

Coinbase has selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the exclusive bridging solution for its Coinbase Wrapped Assets (cbAssets), including cbBTC, cbETH, cbDOGE, cbLTC, cbADA and cbXRP. The integration connects roughly $7 billion in wrapped-token market value to Chainlink’s decentralized oracle networks, which already secure large portions of DeFi activity. Coinbase cited CCIP’s security, reliability and cross-chain connectivity; Chainlink noted CCIP leverages its battle-tested oracle infrastructure. The deal aims to reduce operator risk for cross-chain transfers, improve composability and liquidity for cbAssets across multiple chains, and expand availability to more DeFi protocols and dapps. For traders, this should widen liquidity paths and on-chain usage of cbAssets, potentially increasing cross-chain flows and developer adoption while lowering bridge-related counterparty risk.

Taiwan’s Financial Supervisory Commission (FSC) is moving to introduce the country’s first locally issued stablecoin by the second half of 2026. Draft virtual-asset legislation modelled on the EU’s MiCA framework — the proposed "Virtual Assets Service Act" — is being submitted for cabinet and legislative review and could enter a third reading soon. While the law would not formally restrict issuers, the FSC and Taiwan’s central bank favour an initial prudential phase permitting only regulated financial institutions (likely banks and licensed payment firms) to issue fiat‑pegged stablecoins. Regulators are finalising technical standards, reserve and audit rules, AML/KYC requirements, consumer-protection measures and issuer liability. The peg currency is undecided and could be the US dollar or Taiwan dollar depending on market demand. Stablecoin-specific rules are expected within six months after the act passes, with pilot projects and coordination planned with local banks and payment providers. FSC Chair Peng Jin-lung emphasised prudential supervision, consumer protection and alignment with international norms. For traders, the move signals stronger regulatory certainty for fiat‑pegged tokens in Taiwan, potential growth in regulated onshore stablecoin liquidity, and reduced legal risk for banks and licensed issuers — factors that can affect stablecoin flows, local crypto-fiat rails and regional payment use cases.

YouTube is rolling out an option that allows eligible US creators to receive creator earnings in a PayPal-issued USD-pegged stablecoin instead of fiat. The feature is available to creators who already use PayPal and meet YouTube’s monetization criteria, and it may integrate with PayPal’s wallet and payout infrastructure. The change aligns with broader industry moves by payment firms and tech platforms to offer crypto-native settlement options to speed payouts and reduce friction for on-chain transfers and cross-border payments. Benefits for creators include potentially faster settlement and easier on-chain transfers; risks include regulatory scrutiny and counterparty risk tied to PayPal’s stablecoin. Traders should monitor demand signals for PayPal’s stablecoin and related on-chain flows, though any immediate price impact on major cryptocurrencies is likely limited. Primary keywords: YouTube, PayPal, stablecoin, creator payouts. Secondary keywords: US creators, crypto payouts, stablecoin settlements, PayPal wallet.

On December 10 on-chain trackers flagged a transfer of 1,021 BTC (≈$94.5M) from wallets linked to SpaceX into addresses associated with Coinbase Prime. This follows a pattern of large, repeated transfers (including 1,163 BTC on Nov. 26 and earlier 1,000+ BTC moves), and analysts say the movements resemble a shift into institutional custody rather than an immediate market sale. Public chain analysis estimates SpaceX currently holds roughly 8,285 BTC (≈$770M), down from higher balances in 2022 due to periodic transfers. The timing aligns with renewed reports that SpaceX may be preparing for an initial public offering (possible 2026 IPO) and large capital raises; market commentary notes transfers into Coinbase Prime are commonly used for custody, audits and structured trades ahead of major corporate finance events. SpaceX has not commented. For traders: custody transfers alone are unlikely to create immediate sell pressure, but traders should monitor for subsequent withdrawals to exchanges or other on-chain outflows that would signal potential selling and short-term downward pressure on BTC price.

Bitcoin (BTC) climbed above the key psychological level of $93,000, trading around $93,000 on Binance USDT markets, in a move attributed to rising institutional adoption, macroeconomic concerns (notably inflation) driving demand for store-of-value assets, and bullish market sentiment that can trigger algorithmic buying once resistance is cleared. Strong trading volume accompanied the breakout, which traders should watch as confirmation. A sustained hold above $93,000 could signal further upside, while profit-taking, regulatory news, weakness in altcoins, or typical crypto volatility could produce pullbacks, including a drop below $90,000. Recommended risk management for traders includes reassessing BTC exposure, avoiding over‑leverage, using diversified allocation and dollar-cost averaging, and monitoring volume and regulatory developments. Overall, the breakout indicates technical strength and growing institutional interest but carries standard crypto volatility risks.

e& (formerly Etisalat) has signed a memorandum of understanding with Al Maryah Community Bank (Mbank) to pilot AE Coin, a fully reserved, Central Bank‑licensed dirham-backed stablecoin, across e&’s consumer payment channels. The trial will test AE Coin for bill payments, prepaid mobile top-ups, self-service kiosks and other digital transactions across e&’s platforms, aiming to enable millions of customers to use a regulated AED stablecoin. The initiative aligns with UAE digital economy and regulatory efforts (VARA, ADGM) to integrate licensed stablecoins into everyday services and positions AE Coin as a potential benchmark for compliant blockchain payments in the Emirates. The pilot follows and sits alongside other dirham stablecoin projects and institutional initiatives in the UAE — including activity from banks and state investors — that collectively increase focus on dirham‑backed stablecoins and digital payments infrastructure.

Keel, Sky’s capital-allocation arm, has launched a $500 million Tokenization Regatta to fast-track real-world asset (RWA) tokenization on Solana. Announced at Solana Breakpoint in Abu Dhabi, Season 1 uses a structured RFP process to allocate capital, resources and partner introductions to selected issuers of tokenized debt, credit instruments and funds. Keel says more than 40 institutions have expressed early interest and projects the coordinated program could lift the value and liquidity of Solana-based RWAs (internal estimate: >60%). The Regatta may be the first phase of a roadmap that could deploy up to $2.5 billion over time. Keel will leverage Sky ecosystem USDS reserves to extend lending capacity into DeFi and provide predictable liquidity for institutional issuers. Applications for Season 1 opened on 11 December, with tracks for immediate deployment in early 2026 or a slower development path; submissions will be evaluated by committees from Keel, Sky Risk Council, Particula and Kinetika Research based on token design, liquidity and risk-adjusted returns. The program targets narrowing the funding gap between emerging issuers and large buyers and aims to boost price discovery, institutional issuance and secondary-market activity for Solana RWAs—potentially increasing trading flows and market depth for SOL-linked products.

Gemini has secured a Designated Contract Market (DCM) licence from the U.S. Commodity Futures Trading Commission, authorising the firm to launch a regulated prediction market branded Gemini Titan. The platform will initially offer binary (yes/no) event contracts covering elections, economic indicators, sports and market events, with the regulatory clearance allowing later expansion into crypto derivatives such as futures, options and perpetual swaps. Gemini first filed for DCM approval in March 2020; the decision follows broader CFTC openness to prediction markets under recent leadership and legal precedent (eg, Kalshi). The licence gives Gemini an early regulatory advantage and could attract institutional flow due to the exchange’s compliance track record. Competitors and ecosystem references include Kalshi, Polymarket, Crypto.com, Coinbase and Robinhood (noted historically for retail flow into Kalshi). For traders, the ruling creates a new regulated venue for event-driven trading and may increase liquidity, product diversity and institutional participation — potentially enabling binary event contracts to sit alongside BTC and ETH derivatives on a single, regulated exchange.

Tether has launched QVAC Health, a privacy-first mobile app that stores users’ health and wellness data locally and runs AI models on-device to analyse meals, workouts and symptoms without requiring internet connectivity. The app accepts natural‑language entries, encrypts data offline on personal devices and, in future updates, will support direct Bluetooth connections to fitness devices to avoid cloud APIs. Tether says QVAC Health does not transmit data to commercial servers or use data for advertising. The release is part of a wider strategic shift: Tether has committed more than $4 billion to AI and related investments through Tether Investments and XXI Capital, including a €70 million round for Generative Bionics and a majority stake acquisition of Blackrock Neurotech for $200 million. The company is also leasing 20,000 GPUs via partners Northern Data and Rumble to build a global compute network for open-source AI. Separately, Tether reported a $5.7 billion profit in H1 2025 and claims over 500 million USDT users worldwide; its headquarters is now in El Salvador. For crypto traders, the move signals Tether’s diversification beyond stablecoins into AI, health tech and decentralized infrastructure while emphasising data privacy and on‑device processing — developments that could reshape Tether’s corporate profile and long-term revenue mix but are unlikely to create immediate direct pressure on USDT supply or price.

Stripe has hired the team behind Valora — a mobile-first crypto wallet spun out from cLabs — to strengthen its blockchain and stablecoin payments capabilities. The acquired team, which raised $20 million in a 2021 Series A, brings mobile UX and multi-chain experience supporting stablecoins and assets on Celo, Ethereum, Base, Optimism and Arbitrum. Valora’s app operations will remain with cLabs while the product team joins Stripe. The move follows Stripe’s December 9 public testnet launch for Tempo, its Paradigm-built layer‑1 optimized for stablecoin payments, and signals deeper integration between Web3 mobile wallets and mainstream payments rails. For traders: this heightens the likelihood of faster fiat-to-stablecoin on-ramps, improved mobile payment UX, and increased liquidity in payment-focused stablecoins and related tokens. Key SEO keywords: Stripe, stablecoin payments, Valora team, Tempo testnet, mobile wallet. The main keyword "Stripe" appears multiple times to improve discoverability.

The American Federation of Teachers (AFT) has formally opposed the Senate’s Responsible Financial Innovation Act (linked to the CLARITY Act), warning it would expose union pensions and other retirement plans to risky crypto assets and potential fraud. In a letter to Senate Banking Committee leaders, AFT President Randi Weingarten called the draft “irresponsible” and “reckless,” highlighting provisions that could allow non-crypto companies to issue stock on blockchains and potentially sidestep securities rules and state oversight. The union said this creates a pathway for traditional pension funds and 401(k) plans to hold volatile crypto and stablecoins, raising systemic retirement-security concerns. The AFT’s stance echoes previous objections from the AFL-CIO and state regulators such as Massachusetts Secretary of the Commonwealth William Galvin. The debate also overlaps with Democratic senators’ concerns about regulatory jurisdiction between the SEC and CFTC. Senate progress has been delayed; Senator Lummis plans to release a new draft for review soon. For traders: this dispute increases political and regulatory uncertainty around crypto market-structure changes and any move to allow retirement-plan exposure to digital assets—factors that could amplify short-term volatility and shape long-term institutional demand dynamics. Keywords: crypto market structure, pensions, 401(k), stablecoins, SEC vs CFTC, Responsible Financial Innovation Act.

The U.S. Office of the Comptroller of the Currency (OCC) found that nine systemically important banks — JPMorgan Chase, Bank of America, Citi, Wells Fargo, U.S. Bank, Capital One, PNC, TD Bank and BMO — used elevated review processes from 2020–2023 that in practice excluded lawful crypto firms and other industries (fossil fuels, firearms, adult entertainment, etc.). The OCC concluded banks imposed extra compliance hurdles and de facto denials based on lawful business activity, not legitimate risk differences. Comptroller Jonathan Gould criticized these market-driven screening practices and said the OCC will refer potential violations of a recent presidential executive order on fair banking access to the U.S. Department of Justice for further investigation. Banks argue stricter screening stems from heightened AML/CTF concerns and higher due-diligence costs after events like FTX. Critics counter that FDIC guidance and regulatory reputation risk also drove “debanking,” especially at smaller banks. The OCC is re-examining prior guidance limiting banks’ roles in crypto custody and stablecoin services, signaling possible future easing. For traders: the probe confirms regulatory scrutiny of bank-crypto relationships, could pressure access to onshore custody, custody-linked liquidity and institutional flows, and may produce legal or guidance outcomes that either tighten or restore banking access for compliant crypto firms. Monitor DOJ actions, OCC guidance updates, and bank policy changes — these will affect liquidity, custodial capacity and institutional participation in crypto markets.

GameStop reported holding 4,710 BTC as of Nov. 1, unchanged from Q2, with total Bitcoin value of $519.4 million. During Q3 the company recorded an approximately $9.2 million unrealized loss on its digital-asset holdings, driven by BTC price movement rather than sales. The net impact contributed to a one-day share decline of roughly 5.8% after results were released; the stock is down more than 22% since the company announced its Bitcoin plan in March. Revenue for the quarter missed expectations, underscoring investor concerns about weak core business performance alongside corporate crypto exposure. For traders, key takeaways are the position size (4,710 BTC), the reported unrealized loss (~$9.2M), and the potential for GameStop’s equity to remain sensitive to Bitcoin price swings. This is informational and not investment advice.

Tidal Trust filed for the “Bitcoin AfterDark” ETF, a fund that would buy Bitcoin after the U.S. market close and sell it at the next U.S. market open. The ETF plans to hold BTC only during U.S. overnight hours and switch into U.S. Treasuries, money-market funds or cash during daytime to limit intraday exposure. The filing allows execution via overnight Bitcoin futures or bitcoin-related funds that can be bought at the close and sold at the open. Bloomberg ETF analyst Eric Balchunas highlighted that many of Bitcoin’s largest historical gains have occurred outside U.S. market hours, which underpins the strategy. The application arrives amid greater SEC receptiveness to crypto ETFs following recent approvals and filings (for example, Ethereum staking products), which may improve approval prospects for novel fund structures. For traders, the product targets capture of overnight BTC moves while reducing daytime volatility exposure and regulatory/product-composition complications; it could offer an alternative way to gain Bitcoin exposure with intraday risk management.

Bullish Aim, a telecom company linked to Johor Crown Prince Tunku Ismail Ibni Sultan Ibrahim, has launched RMJDT, a Malaysian ringgit (MYR)-pegged stablecoin issued on the Zetrix Layer-1 blockchain. RMJDT will be backed 1:1 by MYR cash deposits and short-term government bonds and will operate inside Malaysia’s regulatory sandbox overseen by the Securities Commission and Bank Negara to trial programmable payments and ringgit-backed stablecoins. To support issuance and network operations, Bullish Aim also established a Digital Asset Treasury (DAT) initially funded with MYR 500 million (≈USD 121.5 million) in Zetrix tokens, with plans to expand reserves to MYR 1 billion. The DAT will stake Zetrix tokens to support up to 10% of Zetrix validator nodes and help stabilise RMJDT gas fees. The initiative is pitched to facilitate cross-border trade settlement, attract foreign direct investment and align with Malaysia’s national digital asset policy. Market observers warn that enthusiasm for corporate DATs has cooled after market rebounds and scrutiny of imitators; analysts stress the need for strong treasury management, transparent reserves and clear business fundamentals. Bullish Aim had not responded to requests for comment at the time of reporting.

The Coinbase Bitcoin Premium index remained positive for eight consecutive sessions as of December 10, registering 0.0121%. The index measures Coinbase’s BTC price versus the global average and is used as a short-term gauge of U.S. pricing dynamics, liquidity and institutional demand. Compared with an earlier report that showed a seven-day positive streak at 0.0215% (Dec 9), the latest reading is smaller but still indicates persistent, if modest, U.S. buying pressure rather than a decisive breakout. Traders view a sustained positive premium as evidence of stronger U.S. demand and disciplined buying that can support price resilience. However, the metric can be influenced by exchange-specific flows, hedging and USD liquidity conditions, so market participants typically combine it with funding rates, open interest and other indicators to calibrate exposure and manage near-term risk amid volatility. For traders, the current signal suggests cautious bullish bias for BTC — supportive of price stability — but not a standalone trigger for aggressive long positioning.

Twenty One Capital, co-founded by Jack Mallers, began trading on the New York Stock Exchange under ticker XXI after completing a business combination with Cantor Equity Partners. The firm holds 43,514 BTC (about $3.9 billion), making it the third-largest publicly disclosed corporate bitcoin holder after MicroStrategy and Marathon Digital. Early backers include Cantor Fitzgerald, Tether/Bitfinex and SoftBank. Management says the NYSE listing will deepen bitcoin’s role as a reserve asset and give investors direct exposure to BTC plus businesses built on it. Twenty One Capital intends to build a bitcoin-centric corporate architecture offering native lending, capital markets products, education and branded media to generate recurring revenue and broaden institutional participation. On the operational side, on-chain intelligence provider Arkham reported the company consolidated its BTC reserves into a new wallet ahead of the listing. Analysts note the firm’s institutional connections could make it an influential participant in bitcoin markets and capital flows.

Bybit has signed a strategic partnership with Circle to deepen USDC integration across its platform, aiming to boost USDC liquidity in spot and derivatives markets, expand fiat on‑ and off‑ramps, and embed USDC into products such as Bybit Card, Bybit Earn and Bybit Savings. Circle will supply technology and liquidity solutions while Bybit implements USDC as a primary on/off‑ramp, custody option and settlement currency for spot, derivatives and institutional offerings. Circle reported strong growth — USDC circulation reached $73.7 billion at end‑Q3 2025 (up 108% year‑over‑year), with Q3 net income of $214 million and adjusted EBITDA of $166 million — underscoring the stablecoin’s rising market presence. No material financial terms were disclosed. The move arrives amid heightened scrutiny of the stablecoin sector (for example, S&P’s recent downgrade of Tether), which may influence institutional demand and regulatory attention. For traders: expect improved USDC liquidity and easier fiat access on Bybit, potentially tightening USDC spreads and lowering conversion friction; monitor regulatory developments and stablecoin market share shifts that could affect flows between USDC and rivals.

Argentina’s central bank (BCRA) is drafting rules to lift its ban on banks providing cryptocurrency services, potentially allowing banks to offer trading, custody and other digital-asset services to retail customers from April 2026. The policy shift follows President Javier Milei’s 2023 election and broader moves this year to regulate virtual asset service providers (VASPs). Chainalysis data cited in reports highlights Argentina as a major crypto adopter — roughly 10 million active wallets and about $91 billion in on-chain volume between July 2023 and June 2024, with over 60% of activity involving stablecoins such as USDT. The proposed framework would bring Bitcoin, stablecoins and other digital assets under stricter KYC/AML controls and new capital and liquidity requirements for banks. If implemented, private banks could compete with local exchanges to let customers buy, sell and store crypto directly through bank accounts, potentially lowering fees, improving convenience and increasing retail access and liquidity. Authorities are finalising VASP rules and assessing risks; bank participation may begin in 2026 pending regulatory approval. Analysts say bank involvement could legitimise crypto, accelerate stablecoin use for dollarisation and savings protection, and strengthen oversight — but it also raises integration and financial-stability considerations for the banking sector.

The White House’s 2025 National Security Strategy highlights threats from hostile states, AI, biotech and quantum computing and outlines defence modernization and alliance-building plans. Notably, it does not explicitly mention cryptocurrency or blockchain despite prior administration moves supportive of crypto — including a proposed Strategic Bitcoin Reserve, the GENIUS Act for stablecoin rules, executive orders forming a crypto task force and restricting a federal CBDC, and eased enforcement toward some firms. The strategy instead refers broadly to maintaining U.S. leadership in “digital finance,” suggesting crypto may remain framed as an economic and financial policy issue rather than a national‑security priority. For traders, the omission reduces the likelihood of immediate, policy-driven bullish catalysts for Bitcoin (BTC) and other tokens but leaves room for future regulatory or financial‑sector measures that could affect markets. Key watchpoints: regulatory signals (stablecoin legislation, enforcement trends), any concrete steps on a Strategic Bitcoin Reserve or asset-forfeiture BTC holdings, and Federal Reserve monetary policy (rate cuts) — each could drive short‑term volatility and shape medium‑term positioning.

SEC Chair Paul Atkins told Fox Business that tokenization and blockchain-based settlement could transform U.S. finance within a few years. Tokenization — converting stocks, bonds and funds into programmable tokens on distributed ledgers — promises faster on‑chain settlement, tighter settlement windows, fractional ownership, automated corporate actions and improved auditability. Atkins stressed that tokenized traditional securities will remain subject to existing securities laws while collectibles, commodities and purely functional tokens generally do not meet the Howey Test. The SEC plans an "innovation exemption" to permit controlled trials of early token models, signalling a shift from restrictive enforcement to enabling experimentation under U.S. rules to encourage onshoring of crypto activity. He highlighted privacy tools (including zero‑knowledge proofs) and platforms that enable rapid, low‑cost settlement — mentioning the XRP Ledger as a potential candidate for tokenized rails. Atkins said regulators and industry are running pilots and that near‑term regulatory clarity, custody solutions, interoperability and governance are priorities to move tokenized assets from pilots into core market infrastructure. For traders: expect increased institutional involvement, incremental liquidity improvements for tokenized assets, potential demand for compliant token rails, and a focus on assets and platforms that meet securities compliance and custody standards.

The Canada Revenue Agency (CRA) has collected more than C$1 billion through crypto-related audits over the past three years, according to court filings reported by The Block. A dedicated CRA crypto audit team of roughly 35 staff handled over 230 cases and flagged widespread non-compliance: about 40% of platform users either underreported or presented elevated compliance risk. The CRA has opened five criminal probes into digital assets since 2020 (four remain active) but has not secured criminal charges tied to these audits recently, citing investigative complexity and anonymity challenges. Separately, the CRA obtained user data from Dapper Labs under a court order after initially seeking 18,000 accounts and narrowing the request to 2,500 following negotiation. This marks the second Canadian crypto-company disclosure under court order after Coinsquare in 2020. For traders: the CRA is intensifying tax enforcement via targeted audits and court-ordered platform disclosures, producing large civil recoveries without recent criminal prosecutions. Expect higher reporting transparency for Canadian users and platforms, increased compliance scrutiny, and potential behavior changes by Canadian market participants — factors that could alter liquidity, tax-related sell pressure, and platform operations. Key SEO keywords: CRA, crypto audits, Dapper Labs, tax compliance, NFT user data.

Malaysia has launched an intensified nationwide crackdown on illegal Bitcoin mining after utility losses tied to clandestine miners reached an estimated $1.1 billion from 2020 to August 2025. Authorities identified roughly 13,800–14,000 suspected sites and registered about 3,000 power-theft cases during a surge in Bitcoin prices in 2025. A cross-ministry taskforce formed in November—including the finance ministry, central bank and state utility Tenaga Nasional Berhad (TNB)—coordinates enforcement and policy responses. Operations deploy drones with thermal imaging, smart meters, ground power-monitoring and targeted raids to detect meter tampering, abnormal draws and hidden rigs in warehouses, shuttered shops and residential blocks. Illicit operators reportedly use tactics such as moving equipment between vacant properties, insulating rigs to mask heat, and masking noise to evade detection. Officials warn of grid strain, transformer damage, fire risk and possible links to organised crime. While commercial Bitcoin mining remains legal if operators pay for power and comply with tax and licensing rules, authorities are considering stricter licensing, wider smart-meter deployment and even temporary or tighter restrictions. Traders should monitor Malaysian enforcement and regulatory moves: large-scale seizures and tighter rules could reduce regional mining capacity, increase selling pressure from displaced miners, and modestly affect short-term Bitcoin network dynamics and miner behaviour.

Clear Street, a New York broker founded in 2018 that specialises in crypto-linked treasury, equity and debt deals, is preparing an IPO that could value the firm at $10–$12 billion. People familiar with the plans say Goldman Sachs is advising and may lead the offering, with a possible filing as soon as next month though the bank prefers a January launch to optimise conditions. Clear Street says it has handled roughly $91 billion of transactions in 2024, including work for entities tied to Michael Saylor’s Strategy, Trump Media & Technology Group, Anthony Pompliano and Vivek Ramaswamy. The firm’s proprietary clearing and settlement technology and its niche advising on corporate bitcoin and token treasuries are cited as competitive advantages. The crypto-treasury theme that fuelled Clear Street’s growth has cooled: bitcoin is down about 30% since early October and some treasury-adopter stocks (notably Strategy) have fallen sharply, leaving smaller adopters trading below the market value of their token holdings. For traders: the IPO would underline continued institutionalisation of crypto treasury services and could shift investor attention and capital toward firms that enable corporate crypto exposure. Key items to watch are Clear Street’s S-1 disclosures (revenue split between crypto and traditional services), Goldman Sachs’ timing, and market reception given recent mixed post-IPO performances. Monitor these factors for potential short-term sentiment swings in BTC and related equities and for longer-term flows into crypto-financial services.

Hotstuff Labs has opened the public testnet for Hotstuff L1, a DeFi‑native Layer‑1 that pairs a high‑performance on‑chain order book with a programmable finance routing layer built on DracoBFT consensus. Validators operate as permissioned financial access points — providing fiat on/off‑ramps, payments, remittances, card issuance and regional rails — and are matched to users by stake, performance history and lightweight ZK proofs. Validators can earn fees by powering stablecoin rails, regional payment corridors and card/local accounts. Hotstuff targets traders, quants, builders, fintechs and stablecoin providers; the public testnet invites node operators to run DracoBFT nodes to benchmark performance and test trading and settlement modules. Backers include Delphi Digital, Dialectic, Stake Capital, Tykhe Ventures and founders from 1inch, Safe, Biconomy and Socket. Public resources include hotstuff.trade, the DracoBFT whitepaper and a Discord community. Hotstuff positions itself as an “Uber for financial validators,” aiming to combine on‑chain trading (perps, spot, multi‑venue vaults) with integrated off‑chain settlement and global fiat connectivity. This launch is relevant to traders evaluating new on‑chain liquidity venues, fiat settlement paths and validator‑driven service models.

MicroStrategy has established a $1.44 billion USD cash reserve, raised primarily via recent at‑the‑market (ATM) sales of Class A shares, to cover preferred‑stock dividends and interest obligations and to avoid forced sales of its Bitcoin holdings. Management says the fund currently covers roughly 21 months of dividend obligations and could be extended toward a 24‑month buffer depending on market conditions. The company holds over 650,000 BTC (management cites an average cost in the mid‑to‑high five figures per coin) and emphasizes that Bitcoin remains its long‑term treasury asset. MicroStrategy also launched a "BTC Credit" dashboard to show long‑term dividend coverage. Executives say the reserve reduces investor FUD about potential bitcoin liquidations and provides flexibility to meet fixed cash payments without selling BTC, except in extreme scenarios (e.g., the stock trading below NAV and restricted access to capital). Critics note the firm is funding the reserve through equity dilution and high‑yield securities (preferred yields near double digits), creating a funding cost mismatch versus cash yields. For traders: key takeaways are continued corporate accumulation of BTC, equity dilution from ATM sales, rising funding costs (preferred/dividend yields), and a valuation gap between MicroStrategy’s market cap and the bitcoin reserve — all factors that affect MSTR share dynamics and the potential for selling pressure on BTC in stressed markets.