The European Commission has moved to allocate the supervision of crypto companies and their activities under the sole jurisdiction of the European Securities and Markets Authority (ESMA).  This move will end the application of different regulatory styles in several member states operating under the EU’s Markets in Crypto-Assets regulation (MiCA).

ESMA’s Single Crypto Authority To Boost Competitiveness, Innovation – EC

In a Thursday announcement, the European Commission, the executive arm of the European Union (EU), rolled out a series of regulatory measures aimed at creating a singular financial service market. This initiative centers around creating a competitive, innovative, and efficient financial system that offers EU citizens better options for wealth growth and business financing. 

A statement from the announcement read: 

Deeper integration of financial markets is not an end, but a means to create a single market for financial services greater than the sum of its national parts. Simplified access to capital markets reduces costs and makes the markets more appealing for investors and companies across all Member States, irrespective of size.

In particular, the EC’s new regulatory package will move the oversight of Crypto-Asset Service Providers (CASPs), among other groups of businesses to under the sole authority of the ESMA. Interestingly, the EC’s recent move comes just three months after the French, Austrian, and Italian market authorities pushed for a stronger European framework for cryptocurrencies, citing major differences in each national implementation of the MiCA regulations. 

Presently, crypto regulation across the 27 EU member states operates under MiCA, resulting in a patchwork of national approaches which the EC claims is hindering competition and effective cross-border operations. The ESMA’s singular regime aims to eliminate these discrepancies in order to provide a better integrated EU financial market. 

The EC said:

Improvements to the supervisory framework are closely linked to the removal of regulatory barriers. The package aims to address inconsistencies and complexities from fragmented national supervisory approaches, making supervision more effective and conducive to cross-border activities, while being responsive to emerging risks. 

Alongside the new singular regime, the European Commission has also expressed plans to create a friendly environment for the adoption of distributed ledger technology, e.g, blockchains, to spur innovations in the financial sector. However, all these regulatory changes still remain subject to negotiation and approval by the  European Parliament and European Council.

Crypto Market Overview

At the time of writing, the total crypto market cap is valued at $3.04 trillion, following a slight 0.25% loss in the past day. Meanwhile, total trading volume is valued at $135.47 billion.

The Bitcoin market continues to experience high levels of investor uncertainty, as indicated by the unstable price action of the past week. In the last month alone, the leading cryptocurrency has lost about 14% of its value, strengthening fears of an impending bear market. Notably, renowned market expert Ali Martinez has shared some insight on this speculation, highlighting a key technical development that historically precedes an extended downtrend.

Bitcoin Winter Phase To Start Only When Price Loses 730-Day SMA – Analyst 

In an X post on Friday, Martinez presents an on-chain analysis that identifies a key price zone for determining Bitcoin’s price trajectory amid current market volatility. Using data from the Bitcoin Investor Tool metric from Glassnode, the analyst has discovered that extended downtrends in Bitcoin often start once the price falls below its 730-day Simple Moving Average (SMA), a level currently sitting at $82,150. For context, the chart below shows that the 730-day SMA (green), an important long-term indicator, has historically acted as a structural support level during major market cycles. When Bitcoin decisively loses this line, momentum tends to shift, leading to deeper corrections and lengthier bearish periods as seen between 2015-2016, 2019, and 2022-2023.

However, the chart also presents some bullish insights. Larger cyclical metrics, including the 730-day SMA × 5 band (pink) sitting at $410,771, remain well above the current price, indicating that macro overvaluation is not yet a concern, as the leading cryptocurrency remains far from an overheated zone. According to Ali Martinez, as long as Bitcoin holds above $82,150, the potential for any prolonged downtrend synonymous with a bear market remains minimal, ensuring the bull structure remains intact.

Bitcoin Weekly Net Outflows Hit $800M As Accumulation Rises

In other developments, on-chain analytics firm Sentora reports that the Bitcoin market recorded an $805 million increase in weekly exchange net outflows, indicating that a significant portion of market investors are unfazed by the recent price correction. Instead, they are opting to transfer more of their investment off crypto exchanges, suggesting an intention to hold in anticipation of future price appreciation. Meanwhile, total Bitcoin network fees reached $1.96 million, representing a 7.69% gain from the previous week and indicating an increase in transactions and network activity during this period. At the time of writing, Bitcoin trades at $89,693 following a 2.71% price decline in the last 24 hours.

As a technology, eSIM has been around for a decade now. However, global eSIM adoption was around 3% last year and will only cross 5% this year. Despite these figures, analysts, eSIM-providing startups, and investors are bullish about eSIM's upward trajectory, largely thanks to travel.

"You could really, in a very fundamental sense, talk about redrawing the border around a brain," Hodak says, "possibly to include four hemispheres, or a device, or a whole group of people."

Hackers stole the names, addresses, Social Security numbers, and financial and medical information of 9,542 people.

The post Inotiv Says Personal Information Stolen in Ransomware Attack appeared first on SecurityWeek.

Crypto analyst Dom has provided an update on what could spark the next XRP price surge. He highlighted an important level that the altcoin needs to reclaim for it to rally to $2.50, which would mark a new high since the October 10 liquidation event.

XRP Price Must Reclaim This Level To Trigger Another Surge

In an X post, Dom stated that the XRP price needs to regain the monthly rVWAP around $2.22, as that would be the shift for a rally towards $2.50. This came as the analyst revealed that an inverse of the XRP chart over the last six weeks shows a perfect 3-drive pattern, which is a very accurate reversal setup in crypto. 

Dom also stated a higher low has finally formed, which can hint at the first sign of a trend change developing. He added that the order books are clear and that there was no better time for this trend to shift for the XRP price. If the setup fails, the analyst remarked that acceptance below $2 is next and that the end-of-year price action could turn ugly. 

Crypto analyst Egrag Crypto also recently highlighted key levels to watch for the XRP price. He stated that a close above $2.60, which is above the Fib 0.5, is bullish, but doesn’t mean that the altcoin is fully out of the woods. Furthermore, he claimed that a close above $3.40, which is above Fib 0.888, is super bullish and would mean that the altcoin is back in a bull market. On the other hand, a close below the 21 EMA could spell trouble for XRP, according to the analyst. 

A Breakout To $2.75 Could Be In Play

In an X post, crypto analyst Ali Martinez stated that a breakout toward $2.75 could happen if the XRP price breaks above $2.28. His accompanying chart suggested a rally to this $2.75 level could open the door to a sustained rally to the psychological $3 level. Meanwhile, Martinez warned that XRP could drop to as low as $1.2 if it falls below the key support level at $2.  

Crypto analyst CasiTrades has predicted one final drop for the XRP price before it reaches new highs. She outlined two scenarios for the altcoin after a backtest of the $2.04 level. The analyst stated that a double bottom could form around $1.80, or the altcoin could see a deeper sweep to the $1.64, .618 macro support. However, it is worth mentioning that XRP has successfully broken above the $2.04 level, which could invalidate this setup. 

At the time of writing, the XRP price is trading at around $2.18, down in the last 24 hours, according to data from CoinMarketCap.

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• DOJ seizes Burma-linked trading domains used for major crypto scam operations.
• Fraud network tied to Tai Chang compound used fake platforms to lure victims.
• FBI alerts led to app removals and Meta shutting 2,000+ accounts tied to scams.

The United States Justice Department has widened its action against a major scam network in Burma, focusing on how the group used fraudulent trading sites to run large crypto investment schemes.

The latest step involved seizing the domain tickmilleas.com, which looked like a functioning trading platform but was actually tied to the Tai Chang compound, also known as Casino Kosai, in Kyaukhat.

The update came in a December 2 announcement from the DOJ’s Office of Public Affairs and builds on a series of efforts aimed at disrupting transnational online fraud linked to Southeast Asia.

Crypto scam links widen

The takedown followed earlier moves in the same week when two additional domains were seized after being linked to the same Burma-based compound.

These domains formed a network of sites built to mimic legitimate investment services.

Each platform carried fabricated dashboards, fake transaction logs, and simulated returns that made victims believe their funds were being actively managed.

Tai Chang is part of a system of scam compounds that operate across the region.

These complexes are often controlled by criminal networks that rely on trafficked or coerced workers to run online scams.

They have grown rapidly in countries such as Myanmar, Cambodia, Laos, and Vietnam, which have become hotspots for crypto fraud operations.

Many of the victims are targeted through trading sites that appear authentic but are designed to channel money into criminal groups.

Fraud networks shift tactics

The DOJ identified Tai Chang as having clear links to entities already sanctioned by the United States.

These include the Democratic Karen Benevolent Army and the Trans Asia International Holding Group.

Both were recently listed as Specially Designated Nationals because of their association with Chinese organised crime and their involvement in building scam centres across Southeast Asia.

Their participation has contributed to the spread of fraudulent investment operations throughout the region.

Investigators found that tickmilleas.com was deliberately designed to resemble a real investment platform.

It included dashboard features, performance charts, and false deposit records that suggested active trading.

Victims were also encouraged to download mobile applications from Google Play and the Apple App Store.

After the FBI alerted both companies, many of these applications were removed from the platforms.

Information provided by the agency also led to Meta shutting down more than 2,000 accounts across its social media platforms.

These accounts were used to direct users to the fraudulent investment sites and maintain the appearance of a legitimate trading ecosystem.

Seized domain examined

Although the tickmilleas.com domain was registered only in early November 2025, several individuals had already fallen victim to the scheme within the past month.

According to the DOJ, the platform was actively used to defraud people who believed they were participating in real crypto investments.

The site currently displays a notice confirming that it has been seized by law enforcement.

The DOJ stated that the action forms part of a broader effort to prevent US infrastructure from being used to support international fraud.

The coordinated takedowns of domains and malicious applications aim to cut off the digital channels that allow scam compounds to reach victims worldwide.

The post US crackdown exposes Burma crypto scam network using fake trading sites appeared first on CoinJournal.

XRP may be holding above the $2 price mark for a brief period, but the leading altcoin is still facing heightened bearish pressures at that level due to a broader market pullback on Monday. Even with the ongoing downward trend in price, XRP is still experiencing robust engagement as evidenced by the massive surge in activity on the XRP Ledger.

An Explosive uptick In XRP Ledger’s Activity

Prices are constantly dwindling along with the entire crypto market, but the XRP Ledger is seeing sharp engagement within the bearish period. After months of quiet and reduced adoption, the Ledger has roared back to life, recording one of its strongest growth waves yet.

Arthur, a community member and official partner of the BingX cryptocurrency exchange, shared this surge in activity on the social media platform X. This isn’t a mild rise; it’s a growth wave with significant weight behind it, the kind that indicates an expanding utility rather than fleeting speculation.

Furthermore, the sharp growth in activity suggests that more investors are choosing to conduct their day-to-day XRP operations on the Ledger, reflecting a renewed conviction in the network. The Ledger’s current activity spike is centered around the rise in Account Set transactions to a point not seen in years.

After navigating through XRPL metrics, the expert revealed that more than 40,000 Account Set transactions were carried out on the Ledger, marking its highest level in years. Such a massive wave of transactions to a new peak suggests that the Ledger may be speeding into its next phase in a market where many chains find it difficult to sustain momentum.

At the same time, there was also a surge in Automated Market Maker (AMM) bids just after November 23 concluded, indicating that preparations are taking place on the network. With Ripple’s stablecoin RLUSD approvals, AMM rollout, and the onboarding of institutional investors at an accelerated rate, it simply implies that the Ledger is picking up pace. 

Open Interest Suffers A Steep Decline

While the price of XRP has pulled back, the decline appears to be heavily impacting investors’ sentiment toward the altcoin. Its derivatives market has significantly lost its weight in a single and steep decline as Open Interest (OI) experiences a sharp drop.

In a report from Glassnode, a leading on-chain data analytics platform, the token’s futures open interest fell from 1.7 billion XRP in early October to 0.7 billion XRP by the end of November. This figure represents a more than 59% flush out from October to November alone.

The funding rates have also followed suit, recording a drop from 0.001% to 0.001% in the 7-day Simple Moving Average (SMA). A combination of the drop in open interest and funding rates marks a structural pause in the altcoin’s speculators’ appetite to bet heavily on an upward direction. At the time of writing, the altcoin was trading at $2.02 after falling by over 1% in the last 24 hours.

Hong Kong’s stablecoin hub dreams have reportedly taken a hit after the People’s Bank of China (PBOC) singled out the sector for the first time while reaffirming its long-standing position on the crypto industry.

Beijing’s Latest Warning Targets Stablecoins

Legal experts and analysts suggested that Beijing authorities have clouded Hong Kong’s ambitions to become a key regulated hub for stablecoins following the PBOC’s explicit crackdown on the sector last week.

As reported by Bitcoinist, the People’s Bank of China, alongside other top financial regulators, affirmed on Friday that stablecoins do not qualify as legal tender in the mainland, as they fail to meet regulatory requirements and pose a risk of being used for illegal activities.

“Virtual currency-related business activities constitute illegal financial activities. Stablecoins are a form of virtual currency, and currently cannot effectively meet requirements for customer identification and anti-money laundering, posing a risk of being used for illegal activities such as money laundering, fundraising fraud, and illegal cross-border fund transfers,” the PBOC stated.

According to the South China Morning Post (SCMP), the recent pronouncement sank previous hopes that Beijing might have softened its stance on cryptocurrencies amid the global regulatory shift toward the sector, led by the United States. Moreover, it could affect Hong Kong’s efforts to become a hub for the stablecoin sector, analysts recently stated.

In a blog post cited by SCMP, Liu Honglin, founder of Shanghai-based Mankun Law Firm, affirmed that “all the ambiguity, speculation and room for wishful thinking surrounding stablecoins over the past few years has vanished as of today.”

Similarly, Brian Tang, founding director of the Law, Innovation, Technology and Entrepreneurship Lab at the University of Hong Kong’s Faculty of Law, told the news media outlet that Beijing’s latest stance means that applicants for Hong Kong’s stablecoin licenses would need to “‘carefully reconsider’ whether the use cases they had submitted to the HKMA ‘touch mainland China issuers and users.’”

Hong Kong Licenses Approval Risks Delay

The statement also adds to the challenges that Hong Kong’s stablecoin push faces, the report noted. Earlier this year, the Hong Kong Monetary Authority (HKMA) enacted the Stablecoins Ordinance, which directs any individual or entity seeking to issue a fiat-referenced stablecoin (FRS) in the jurisdiction, or any Hong Kong Dollar (HKD)-pegged token, to obtain a license from the financial regulator.

Following the rollout, multiple companies have applied for the license, with more than 30 applications filed, according to SCMP, including logistics technology firm Reitar Logtech and the overseas arm of Chinese mainland financial technology giant Ant Group.

E-commerce giant JD.com, through its fintech arm JD Coinlink, started testing HKD-pegged tokens under the regulator’s sandbox program earlier this year. In August, Wang Hua, CFO and Board Secretary of PetroChina, also disclosed that the company is closely monitoring the latest developments regarding the HKMA Stablecoins Ordinance.

It’s worth noting that Hong Kong’s regulatory agency previously affirmed that the first batch of stablecoin issuer licenses would be approved at the start of 2026. However, some industry players told the news media outlet that the PBOC’s recent declarations could delay HKMA’s timeline.

An HKMA spokesperson stated that the regulator is currently reviewing the application and aims to begin with a few permits. Nonetheless, the spokesperson added that even if Hong Kong proceeds with the original schedule, projects involving the yuan or mainland Chinese institutions could be delayed.

“I do not think we will see offshore yuan stablecoin projects [in Hong Kong] within the next one or two years … as that conflicts with the current tone,” he said. Meanwhile, Syed Musheer Ahmed, founder of FinStep Asia, concluded that institutions from the mainland “will have to wait” before issuing stablecoins in the city.

The developers of the popular KDE Connect application for desktop computers and mobile phones issued a security advisory this weekend stating you should stop using certain versions of the app on untrusted networks. A security flaw allows devices running those versions to interact with devices pretending to be ones you authenticated in the past.

Crypto analysts Nik and Doctor Profit have provided insights into why the Bitcoin price is crashing today. The flagship crypto has again dropped below the psychological $90,000 level, sparking bearish sentiments among market participants. 

Why The Bitcoin Price Is Crashing Today

In an X post, Nik remarked that the Bitcoin price didn’t dump because of bad news but because the “clock flipped.” He noted that a large number of algos sold off at the same time with the daily close, and also considering that it is a new week and a new month. The analyst added that it is not traders making decisions but portfolios rebalancing in real time. 

Nik explained that with this Bitcoin price crash, inventories have adjusted, hedges have reset, and risk has been flushed from the market. He noted that the candles may look emotional, but that the behavior is mechanical. The analyst also indicated that retail investors may have also dumped their coins out of panic. 

Nik stated that time-based algos usually ignite the sell-off, and then everyone is forced to react to their flow. He added that the effect was strong enough today to shake the Bitcoin price, with the crash dragging the broader crypto market along. BTC dropped below $90,000 today, after recovering to $92,000 last week. 

Meanwhile, Nik stated that most people usually miss the signs of a potential Bitcoin price crash because they focus on patterns drawn by humans rather than flows controlled by machines. He added that the market doesn’t only react to price but also to time. 

Not Yet Enough Liquidity For A Major Crash

In an X post, crypto analyst Doctor Profit said that there isn’t enough downside liquidity yet to trigger a major Bitcoin price crash. This is why he expects a sideways range between the current price and the EMA50, around $100,000, in the coming days or weeks. The analyst noted that the two largest liquidity clusters in the short term are at the $97,000 and $107,000 regions. 

However, Doctor Profit remains bearish in the long term. He declared that a major move down is planned, but that the script must be followed and that the required liquidity is not yet in place. The analyst told market participants to expect a boring sideways phase with confirmed targets of between $70,000 and $75,000 by the start of 2026.  

Doctor Profit reiterated that such moves to the downside for the Bitcoin price take time. He explained that the crash could unfold as a strong drop, followed by a long sideways consolidation, then a fake relief rally, and then the continuation of lower lows. 

At the time of writing, the Bitcoin price is trading at around $85,800, down over 5% in the last 24 hours, according to data from CoinMarketCap.

Here’s a fun rabbit hole to run down if you don’t already have the RP2040/RP2350 PIO feather in your cap: how to serve data without CPU intervention using PIO and DMA on the RP2350.

If you don’t know much about the RP2040 or RP2350 here’s the basic run down: the original Raspberry Pi Pico was released in 2021 with the RP2040 at its heart, with the RP2350 making its debut in 2024 with the Pico 2. Both microcontrollers include a feature known as Programmed I/O (PIO), which lets you configure tiny state machines and other facilities (shift registers, scratch registers, FIFO buffers, etc) to process simple I/O logic, freeing up the CPU to do other tasks.

The bottom line is that you can write very simple programs to do very fast and efficient I/O and these programs can run separately to the other code running on your micro. In the video below, [piers] explains how it works and how he’s used it in his One ROM project.

This is the latest installment from [piers rocks] whose One ROM project we’ve been tracking since July this year when we first heard about it. Since then we’ve been watching this project grow up and we were there when it was only implemented on the STM32F4, when it was renamed to One ROM, and when it got its USB stack. Along the way [piers rocks] was on FLOSS Weekly Episode 850: One ROM To Rule Them All too.

Have you seen PIO being put to good use in other projects? Let us know in the comments, or on the tips line!

Baykar’s KIZILELMA unmanned combat aircraft has achieved a breakthrough moment in aviation, completing the world’s first confirmed shoot-down of a jet-powered target using a beyond-visual-range air-to-air missile. The test, conducted over Sinop, took place before the UCAV has even entered operational service. According to the company, KIZILELMA used ASELSAN’s MURAD active electronically scanned array radar […]

Crypto analyst ChartNerd has predicted that the XRP price could rally 10x if a specific trend repeats. The analyst also revealed what needs to happen for the altcoin to invalidate this potential parabolic rally.  

XRP Price Could Rally 10x If This 2017 Pattern Plays Out

In an X post, ChartNerd predicted that the XRP price could rally 1,000% if a bullish pattern from the 2017 bull cycle plays out. The analyst noted that during the 2017 euphoric run, the altcoin had a 3-month cool-off period where it successfully dropped towards its 3-month 20-EMA for a retest before a 25x move to the upside.  

ChartNerd revealed that the XRP price has now witnessed the exact same set-up in this 2025 bull cycle. The altcoin recorded a huge breakout last year and is now seeing a 3-month cool-off period towards a 3-month 20-EMA retest. The analyst stated that if history is set to repeat, XRP could see a 10x upside move, signaling a blow-off top.  

The analyst also alluded to the 2021 lower high, which he noted ties up with both the monthly candle close highs from 2017 and also the SEC lawsuit, which is believed to have suppressed the XRP price during the 2021 cycle. ChartNerd added that to invalidate this potential rally, XRP will need to close below its 3-month 20-EMA at $1.20. Until then, he noted that the bulls remain in control. 

Meanwhile, ChartNerd outlined $8, $13, and $27 as the potential top-out points for the XRP price. Notably, a rally to any of these price targets will mark a new all-time high (ATH) for the altcoin. Crypto analyst Egrag Crypto had also previously predicted that XRP could reach $27 in this bull run if it mirrors the 2017 price action. 

XRP Could Be The Next Crypto To Record A Major Run

Market commentator Milk Road suggested in an X post that the XRP price could soon record a major run. The platform cited bullish fundamentals for the altcoin, including the fact that RLUSD crossed $1 billion in market cap in record time. The run to this milestone is said to be faster than almost any stablecoin Ripple has ever pushed. 

Furthermore, Milk Road noted that Abu Dhabi’s ADGM has opened the door for institutions to use RLUSD as real collateral, which is also bullish for the XRP price. The market commentator stated that global liquidity with regulated on-ramps could mean the kind of flows that crypto hasn’t seen in months. It is also worth noting that XRP is seeing significant flows into its ecosystem through the U.S. spot ETFs. 

At the time of writing, the XRP price is trading at around $2.18, down in the last 24 hours, according to data from CoinMarketCap.

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Advance your operational toolkit with dual-belt training that's 52% off.

The post Build Essential Process Skills with This Lean Six Sigma Certification Deal appeared first on TechRepublic.

Terma A/S announced on November 27, 2025, that it has completed the acquisition of OSL Technology, a UK company known for counter-drone and intelligent security systems. According to the company, the move strengthens its strategy to expand market-ready Counter-Unmanned Aircraft Systems and critical-infrastructure protection solutions. OSL is a UK specialist with long-running experience in civil […]

Learn how to choose the right virtual data room for your startup with pricing models, key features, cost factors, and tips to secure the best VDR deal.

The post How to Choose the Right Virtual Data Room for Your Startup appeared first on Security Boulevard.

The toymakers say they've worked out the kinks (literally) and the bear is safe to use again.