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Yesterday — 5 December 2025Main stream

Crypto Winter Deepens As Altcoin Season Stalls And Only Zcash Manages A Lift

5 December 2025 at 13:01

Fear still hangs over altcoin season, but the sharp edge of panic has softened. The Crypto Fear and Greed Index is now 25, a modest recovery from November’s plunge near 10, yet the mood remains unsettled, and traders continue to move with hesitation rather than conviction.

Bitcoin sits just above $91,000 after falling steadily from yesterday’s $92,000, marking a 2% decrease over 24 hours.

Altcoins move inside that same heavy climate. Most large names sit in the red today, liquidity stays present, but flows lean toward defense, and new money prefers short-dated trades instead of long commitments.

Against that background, Zcash is one of the few popular tokens in positive territory, while Ethereum, Solana and Hyperliquid track the downtrend, which gives a clean snapshot of where capital still experiments and where it pulls back.

Bitcoin And Sentiment After November’s Shock

Bitcoin continues to dictate the tone. Derivatives screens show a reduction in leverage across both long and short positions, while spot flows lean toward sellers who continue to trim exposure after several weeks of steady declines.

Price action carries the look of a market still searching for stability, not one ready for a quick reversal.

Bitcoin Price (Source: CoinMarketCap)

Ethereum, Solana, and Hyperliquid Track The Pullback

Major altcoins follow that direction. Ethereum is trading near $3,090 after falling by roughly 2.5% in 24 hours, with order book activity showing more supply than demand at current levels. Solana sits near $134 after a 5.5% drop, extending the cooling that began once traders reduced exposure to high beta assets.

Hyperliquid is trading around $31, down by about 8%, and activity on its perpetual pairs has slowed compared with the pace seen in early November. These moves together show how broad the retracement remains, even as volatility cools relative to last week.

Zcash Holds A Bounce After Its November Peak

Zcash breaks from the trend. ZEC is trading near $384, up by about 10% in 24 hours, marking one of the few gains across large liquid names. The token had fallen steadily from its November peak near $700, yet recent market data show more active positioning at current levels and enough liquidity across venues to support a modest rebound.

Zcash@Zcash shared a series of updates covering key developments across the ecosystem. Highlights include:

@ZcashFoundation released its Q3 2025 report, highlighting engineering progress and the launch of the Shielded Aid Initiative to support privacy-preserving digital aid… pic.twitter.com/Nc06Yo759I

— House of ZK (@HouseofZK) December 2, 2025

The move does not form a new upward trend on its own, but it demonstrates the way privacy focused tokens can draw interest during quieter, defensive phases when traders search for assets with a historical pattern of occasional outperformance.

What This Phase Means For Altcoin Season

The current market still lacks the conditions for a broad altcoin season. Sentiment has improved from last week’s extreme lows, yet positioning remains conservative, and flows continue to concentrate in larger, more liquid assets.

Until Bitcoin can stabilize over a longer stretch and macro uncertainty eases, rotation is likely to stay narrow and sporadic. For now, the market sits in a phase where isolated tokens can rise on their own dynamics, but the overall environment still leans toward caution rather than a full risk recovery.

The post Crypto Winter Deepens As Altcoin Season Stalls And Only Zcash Manages A Lift appeared first on Cryptonews.

HashKey to Begin Taking Orders for $200M Hong Kong IPO Next Week: Report

By: Amin Ayan
5 December 2025 at 07:01

HashKey Holdings, one of Asia’s most prominent cryptocurrency-exchange operators, is preparing to open its order books next week for a Hong Kong initial public offering that aims to raise at least $200 million.

Key Takeaways:

  • HashKey plans to open orders next week for a Hong Kong IPO targeting at least $200 million.
  • The exchange now operates across multiple global hubs and recently secured a $30 million investment at a valuation above $1 billion.
  • HashKey has cleared its Hong Kong listing hearing and reported HK$1.3 trillion in spot-trading volume.

The listing could take place before the end of the month, though final details, including deal size and timing, remain subject to change, Bloomberg reported, citing people familiar with the matter.

HashKey’s Ethereum-Era Roots Propel It Into Global Crypto Expansion

Founded in 2018, HashKey grew out of chairman Xiao Feng’s early involvement in Ethereum through Wanxiang Group, where he was among the protocol’s first corporate investors.

The firm has since expanded into trading, venture investments and digital-asset management, operating across Hong Kong, Singapore, Bermuda, Japan, the UAE and Ireland.

Earlier this year, Gaorong Ventures, known for backing Chinese tech groups such as Meituan and PDD, invested $30 million at a valuation exceeding $1 billion, sources said.

Despite its regional footprint, HashKey has faced financial pressures. The company posted a HK$506 million ($65 million) loss in the first half of 2025, though the deficit narrowed from a year earlier.

Revenue dropped 26% to HK$384 million, according to its listing documents.

Even so, trading activity on the platform has been substantial, with HK$1.3 trillion in cumulative spot-market volume recorded by September.

A platform with HK$1.3T flow + 99.9% retention still burn HK$23.5B—you sure you want this IPO?

reading this HashKey IPO filing.
How the hell do you push HK$1.3 trillion in spot flow, lock 290B in staking, run 199B AUA, onboard 1.44M users(from literally 18 people in 2022 💀),… pic.twitter.com/76jl13sDWq

— FatRatKiller (@FatRatKiller) December 2, 2025

The planned IPO represents a significant test for Hong Kong’s push to cement itself as a digital-asset hub. Authorities rolled out a new licensing regime last year and are preparing additional measures to encourage broader participation after crypto activity lagged behind expectations.

The city’s positioning has drawn interest from mainland Chinese investors, even though Beijing maintains a sweeping ban on crypto trading.

Last week, HashKey cleared the Hong Kong Stock Exchange’s listing hearing, moving the operator of the city’s largest licensed crypto exchange closer to an initial public offering.

The company disclosed the outcome in its Post Hearing Information Pack published on Monday, confirming that the listing committee of the Hong Kong Stock Exchange has completed its review of HashKey’s application.

Crypto IPOs Gain Momentum

Last month, tZero Group, a New York–based blockchain infrastructure firm focused on tokenized securities and real-world assets, announced that it is preparing to go public in 2026.

Before that, BitGo officially filed for an initial public offering, becoming the first dedicated crypto custodian to pursue a listing on a US stock exchange.

BitGo’s IPO filing came amid renewed momentum for crypto-related public offerings.

The digital asset space has seen several notable public listings in 2025. Stablecoin issuer Circle made a splash with its IPO in June, surging more than sevenfold since going public.

Online trading platform Etoro, which offers crypto trading among its services, debuted in May.

In addition, Galaxy Digital, led by Mike Novogratz, moved its listing from the Toronto Stock Exchange to Nasdaq earlier this year.

Gemini, the exchange founded by the Winklevoss twins, filed confidentially for a U.S. IPO in June, signaling strong market confidence in crypto exchanges going public.

More recently, Figure Technology Solutions Inc., a blockchain-focused lending platform, raised $787.5 million in its initial public offering.

The post HashKey to Begin Taking Orders for $200M Hong Kong IPO Next Week: Report appeared first on Cryptonews.

Italy orders non-compliant VASPs to exit as MiCAR rules kick in

5 December 2025 at 04:05
  • Consob has urged VASPs to secure CASP approval or shut down by December 30, 2025.
  • This comes as the deadline for transitioning to new MiCAR policies approaches.
  • Unauthorised operators will halt their services and return user assets.

Italy’s financial regulator Consob has issued an urgent call to digital assets investors and operators as the nation moves closer to adopting MiCAR policies.

According to the late yesterday press release, Consob emphasised December 30, 2025, as the last day VASPs (Virtual Asset Service Providers) operating under the existing regime will be able to serve without full approval.

Consob has warned that operators who fail to follow this transition risk a ban.

Thus, any VASP operating in Italy should adhere to the EU’s Markets in Crypto-Assets Regulation or exit the marketplace.

The press release highlighted:

30 December 2025 is the last day on which Virtual Asset Service Providers (VASPs, operators currently offering virtual asset services, such as cryptocurrency exchanges) registered with the OAM (the Organismo Agenti e Mediatori, or Agents and Brokers Organisation) can continue to operate.

MiCAR resets Italy’s regulatory rulebook

Italian regulators have only wanted VASPs to secure the OAM (Organismo Agenti e Mediatori) certificate to operate seamlessly over the years.

Meanwhile, MiCAR brings tougher rules, with only fully licensed Crypto-Asset Service Providers (CASPs) permitted to serve the European Union.

Meanwhile, the authorisation procedure involves operational checks, client protection requirements, supervisory controls, and existing monitoring. That’s far stricter than the previous model.

Consob stressed that VASPs will only operate if they apply for CASP certification in Italy or any other European Union Member State by December 30.

Operators who submit applications by this deadline can keep offering services until the final decision, but all entities should adhere to MiCAR by June 30, 2026.

What’s next for investors?

Consob has warned both operators and day-to-day cryptocurrency users.

Investors should promptly confirm whether their desired service provider plans to adhere to the new policies and requirements.

Here, they can monitor two crucial things.

First and foremost, investors should check whether the operator has published its MiCAR transition plans.

Secondly, investors should verify the provider’s regulatory status after the deadline.

VASPs that don’t apply or fail to secure approval will not operate in Italy after December 30, and customers can request a return of their assets upon such developments.

Meanwhile, Consob confirmed warning operators multiple times during the transition phase, highlighting updates in September last year, July 2025, and the October 31 notice to companies still holding only the OAM certificate.

While some operators view MiCAR as the pathway for regulated, international operations, others consider the new regulation as the end of the road.

Meanwhile, digital assets investors should stay alert, check the provider’s regulatory status, and act before the new MiCAR regulations lock them out or pressure them with last-minute withdrawals.

The post Italy orders non-compliant VASPs to exit as MiCAR rules kick in appeared first on CoinJournal.

Former Signature Bank Executives Launch N3XT, a Blockchain-Based 24/7 Payments Bank

By: Amin Ayan
5 December 2025 at 01:35

Former leaders of the shuttered crypto-friendly Signature Bank have returned with a new venture built around always-on settlement.

Key Takeaways:

  • N3XT is a Wyoming-chartered, fully reserved blockchain bank built for institutional clients.
  • The bank uses a private blockchain with programmable smart-contract payments and will not offer lending.
  • N3XT has secured backing from major crypto investors including Winklevoss Capital, Paradigm and HACK VC.

Their new institution, N3XT, is a state-chartered, blockchain-based bank designed to move money at any hour, with near-instant finality.

N3XT Unveils 24/7 Payments Platform Built on Private Blockchain

Announced on Thursday, N3XT says it will operate on a private blockchain that allows transactions to clear around the clock.

The platform supports programmable payments through smart contracts and is built to work alongside stablecoins, utility tokens and other digital assets.

The institution will run under Wyoming’s Special Purpose Depository Institution framework, a charter that allows fully reserved, non-lending banks designed to custody digital assets.

The effort is led by Signature Bank founder Scott Shay, whose former institution was one of three crypto-linked banks that collapsed during the 2023 banking turmoil.

Signature, alongside Silicon Valley Bank and Silvergate, fell after deposit outflows accelerated and market confidence evaporated.

The Federal Deposit Insurance Corporation seized Signature in March 2023, citing liquidity pressure, concentration risks and a rapid run by large uninsured depositors.

N3XT’s leadership includes another Signature veteran, Jeffrey Wallis, previously the bank’s director of digital asset and Web3 strategy. Wallis will serve as CEO and president. He said the new institution is built around the idea that financial transfers should be as frictionless as sending digital information.

“We’re applying crypto innovations to banking to deliver instant, programmable payments for institutional clients,” Wallis said.

To avoid the vulnerabilities that contributed to Signature’s downfall, N3XT will not offer lending. The bank says all deposits will be backed one-to-one by cash or short-term U.S. Treasurys, with daily disclosures of reserve holdings.

It’s been a long time coming. Today, I am extremely excited to announce the launch of N3XT.

As CEO, I could not be prouder of the team that brought this vision to life. Together, we've built a safer, faster, more modern foundation for how businesses move money. https://t.co/TrDpVJYIo5

— Jeffrey Wallis (@jeffwallis) December 4, 2025

That structure mirrors elements of stablecoin issuers, while keeping the institution within the contours of a regulated bank charter.

The firm is currently onboarding businesses from several industries, including crypto, foreign exchange, shipping, logistics and other sectors that depend on continuous settlement.

N3XT has drawn notable support from the venture community. The company completed three funding rounds with backing from Winklevoss Capital, Paradigm, and HACK VC.

HACK co-founder Alexander Pack wrote on X that the firm is backing N3XT as it emerges from stealth, praising its founders for returning to the industry after Signature’s closure.

European Banking Giants Unite to Launch Euro Stablecoin

As reported, ten of Europe’s largest banks have formed a consortium to issue a euro-backed stablecoin by mid-2026, marking the region’s strongest attempt yet to push back against U.S. dollar dominance in digital finance.

The group, which includes BNP Paribas, ING, UniCredit, CaixaBank, Danske Bank and others, has created an Amsterdam-based entity, Qivalis, to develop a MiCA-compliant digital payment instrument.

Euro-denominated stablecoins remain negligible today, representing just $649 million compared to a market almost entirely controlled by dollar-pegged tokens.

Qivalis has put together a heavyweight leadership team as it moves through regulatory approvals. Former Coinbase Germany chief Jan-Oliver Sell will serve as CEO, with ING veteran Floris Lugt as CFO.

The group has already applied for an electronic money institution license with the Dutch Central Bank, and says more European lenders may still join the initiative.

The post Former Signature Bank Executives Launch N3XT, a Blockchain-Based 24/7 Payments Bank appeared first on Cryptonews.

XRP Hit by Renewed FUD Storm as Social Buzz Turns Negative

5 December 2025 at 00:29

Ripple’s native token XRP was trading near $2 on Friday as traders wade through another wave of fear and doubt, with new data from Santiment showing social chatter around the token turning sharply negative after a two month slide of about 31%.

The crypto analytics firm posted a chart from its platform that tracks XRP’s price against total positive and negative comments, along with a combined sentiment line.

Recent readings show social chatter around XRP tilting heavily bearish, a clear shift from the more even mix of views seen earlier in the year.

Santiment’s sentiment gauge tracks price alongside streams of positive and negative comments, and its latest signals show the balance tipping into what it labels the fear zone as bearish messages start to dominate.

😨 XRP (-31% in the past 2 months), unlike Bitcoin, is seeing the most fear, uncertainty, & doubt (FUD) since October, according to our social data.

🔴 Circles indicate days where there are abnormally higher BULLISH comments compared to BEARISH comments, about XRP (Greed Zone)… https://t.co/lJNW8zlRwK pic.twitter.com/ZoFmwrtw3h

— Santiment (@santimentfeed) December 4, 2025

Traders Watch For A Repeat Of November’s Reflexive Rebound

On this model, red circles mark days when optimism overwhelms pessimism, the greed zone, while green circles mark sessions when negative commentary swamps bullish talk, a fear zone that often lines up with capitulation by weaker holders.

The firm pointed traders back to late November. It wrote, “The last time we saw near this level of fear from the crowd was Nov. 21st, and $XRP’s price immediately rallied +22% over the next 3 days. After that, greed took over and the rally came to a quick halt. As of now, an opportunity appears to be emerging just like 2 weeks ago.”

Santiment urged followers to keep an eye on the same dashboard, saying, “Monitor how sentiment continues to shift here on this chart, and see what others in crypto can’t.”

The suggestion is that crowd psychology around XRP may once again be setting up a reflexive move, where extreme pessimism creates fuel for a short squeeze.

XRP Extends Losses As Market Drift Pressures Major Altcoins

In price terms, XRP was last down about 4.5% at $2.09, extending a loss of roughly 7% over the past month. The total crypto market value slipped about 1% to $3.22 trillion on the day, a pullback that has weighed on major altcoins even as liquidity remains concentrated in the largest names.

XRP shows relative stability compared with some smaller tokens, although it still feels the drag from thinning order books and cautious positioning. These moves unfold against a backdrop of uncertainty around upcoming US policy decisions, softer global risk appetite and rapid position cuts by leveraged traders who had crowded into earlier rallies.

Analysts watching the token say XRP can still grind toward the $2.50 to $2.75 area if cross border liquidity flows improve and momentum builds around stablecoin projects on the XRP Ledger.

Away from the charts, Ripple has been working to deepen its institutional reach. Last month, the company said it was expanding in the US with the launch of digital asset spot prime brokerage services.

The move follows its acquisition of multi asset prime brokerage firm Hidden Road, which has been folded into Ripple Prime, combining regulatory and operational setups from both groups into a single trading and custody platform for professional clients.

The post XRP Hit by Renewed FUD Storm as Social Buzz Turns Negative appeared first on Cryptonews.

100 Million TRX Leaves Binance — Justin Sun Behind The Move

5 December 2025 at 00:00

According to on-chain monitors, a wallet linked to TRON founder Justin Sun pulled 100 million TRX from Binance on December 3, 2025. Reports say the same address also moved $5 million USDT around the same time. These large transfers were flagged publicly by Onchain Lens and picked up by multiple crypto news outlets.

Transaction Values And Timing

Onchain tracking shows the 100 million TRX was worth close to $28 million at the time of the move. The USDT transfer of $5 million happened within a minute of the TRX withdrawal, which has led observers to call the action coordinated rather than routine.

Based on reports, the close timing and mixed asset types — token plus stablecoin — drew extra attention from traders and on-chain sleuths.

Data also shows the Justin Sun-linked wallet now holds a much larger TRX balance than just this single transfer. Tracking services report the address sits at about 492 million TRX, a holding with a notional value near $138 million based on market rates at the time. That swelling balance has prompted talk that accumulation of TRX has been steady in recent days.

A wallet linked to Justin Sun (@justinsuntron) withdrew 100M $TRX worth $27.96M from #Binance and also withdrew $5M $USDT.https://t.co/4d2utqwsv0 pic.twitter.com/k40pMUj15d

— Onchain Lens (@OnchainLens) December 3, 2025

Market Reaction And Liquidity

Initial market moves were muted. Some exchange data and commentaries noted a mild uptick in TRX price after the news, suggesting traders saw the outflow as removing sell pressure from exchange order books.

Analysts who track exchange liquidity say large withdrawals like this can shrink available sell-side supply and can support price stability if demand holds. Still, any clear price trend will depend on what happens next with the withdrawn tokens.

No Official Word Yet

There has been no public statement from Justin Sun or TRON explaining the transfers. Without confirmation, motives remain speculative. Observers are weighing a few common possibilities: long-term cold storage, staking or protocol use, or internal treasury moves. All of those ideas are possible, but none are confirmed by the team.

What Could Happen Next

If the tokens stay offline, some traders may view the move as bullish since it cuts the floating supply held on big exchanges. If the funds are later sold or used to provide liquidity, the effect could swing the other way.

Reports point out that similar moves by major holders have sometimes been followed by quiet accumulation and other times by large transfers into trading venues — timing and intent matter.

Featured image from Unsplash, chart from TradingView

Before yesterdayMain stream

Bitcoin Near $92K Steadies Market as Curve, Bittensor and Avalanche Lead Altcoin Rotation

4 December 2025 at 10:48

Sentiment continues to ease after last week’s extreme fear, with the Fear and Greed Index climbing to 27 and moving the market further away from the intense stress that defined recent sessions.

Bitcoin is trading near $92,000 with steadier ranges and lower liquidation pressure, which improves conditions across major spot venues and reduces the abrupt volatility that shaped the past two weeks.

This shift does not yet create the conditions for a full altcoin season, although it does support selective rotation into projects that maintain clear usage or active development tracks. Curve DAO Token, Bittensor, and Avalanche fit that profile today with moves that align with themes still drawing attention despite restrained risk appetite.

Curve DAO Token Sees Quiet Repricing

Curve DAO Token (CRV) is trading near $0.42, up by about 8% in 24 hours, supported by deeper liquidity and higher participation across stablecoin pools. The token’s position inside large liquidity routes keeps it relevant when traders prefer tokens linked to functional DeFi infrastructure rather than speculative stories.

Recent volumes show more consistent order flow after a stretch of uneven activity, and the market continues to monitor Curve’s incentive structure and ongoing work on pool adjustments. These elements form a practical base for CRV during a period when many DeFi tokens are still recovering from last week’s pressure.

Bittensor Steadies With Ongoing AI Network Activity

Bittensor (TAO) is now trading around $299, up by roughly 6%. Activity across its subnet ecosystem remains healthy, and staking and validator metrics show stable engagement with decentralized compute work.

TAO Price (Source: CoinMarketCap)

The token benefits from continuing interest in open artificial intelligence networks that provide measurable output rather than relying entirely on narrative-driven momentum.

This stability has helped TAO avoid the deeper swings seen in other high-profile tokens during the recent fear phase. The current move aligns with gradual repositioning toward networks supported by ongoing participation and verifiable utility.

Avalanche Improves As Liquidity Returns

AVAX is near $14.7, up by about 5% in 24 hours. The token moves with recovering liquidity across its major pairs and with activity linked to subnets and scaling efforts. While overall rotation remains selective, Avalanche continues to draw interest from participants who want exposure to layer one ecosystems that still report consistent development and deployment.

What does it mean to be “Powered by Avalanche”? pic.twitter.com/8yPA9UQq5l

— Avalanche🔺 (@avax) December 4, 2025

The token’s climb remains measured but fits today’s environment, which favors projects that maintain active pipelines and steady integration work rather than those driven only by short-term sentiment.

Altcoin Season Outlook As Pressure Fades

The shift from extreme fear to a reading near 27 creates slightly better conditions for altcoins, although markets still operate within cautious ranges. Bitcoin’s stable behavior near 92000 reduces the abrupt swings that halted rotation last week and allows flows to return gradually to DeFi, artificial intelligence, and layer one networks.

CRV, TAO, and AVAX show how the earliest stages of rotation can form when sentiment improves at the margins. While this is not yet a full altcoin season, the combination of reduced volatility and clearer engagement across these networks indicates that market structure is steadier than during last week’s low point.

The post Bitcoin Near $92K Steadies Market as Curve, Bittensor and Avalanche Lead Altcoin Rotation appeared first on Cryptonews.

Grayscale’s Spot Chainlink ETF Pulls $41M on Debut Despite Market Uncertainty

By: Amin Ayan
4 December 2025 at 10:12

Grayscale’s first US spot exchange-traded fund tied to Chainlink opened with solid demand, adding another data point to the debate over whether appetite for altcoins can survive a cooling crypto market.

Key Takeaways:

  • Bloomberg’s Eric Balchunas says the Chainlink ETF opened with $41M in inflows and $13M in volume.
  • The debut beat Solana’s launch, but trailed XRP’s $243M Day-1 inflow reported by SosoValue.
  • ETF analyst James Seyffart cautioned it wasn’t a blockbuster.

Despite a pullback across major tokens in recent weeks, the new fund attracted sizable capital on its first trading day.

Chainlink ETF Debut Draws $41M, Signaling Demand for Regulated Altcoins

According to Bloomberg ETF analyst Eric Balchunas, the product ended its debut session with $41 million in net inflows and about $13 million in trading volume.

The figures placed Chainlink among the stronger ETF launches this year and suggested that, at least for some investors, regulated vehicles remain the preferred route into higher-risk digital assets.

The showing stands well above the opening day for the Solana ETF, which recorded just $8.2 million in volume based on data from Farside Investors.

Still, the XRP ETF remains the category’s heavyweight, registering $243 million in first-day inflows, according to SosoValue.

Even so, analysts urged restraint. James Seyffart said the launch was not a “blockbuster,” though he noted that the fund quickly reached about $64 million in assets under management, including an $18 million seed allocation.

“Chainlink shows that less liquid products can still attract attention in an ETF wrapper,” he wrote, pointing to the role exchange-traded funds can play in widening market access.

So, $GLNK took in ~$42 million on day 1. Not "blockbuster" success but very good for a new launch. Volume was strong. The fund currently sits at $64 million in assets. Chainlink showing that longer tail assets can find success in the ETF wrapper too. https://t.co/CgVCxlykGr

— James Seyffart (@JSeyff) December 3, 2025

For Chainlink itself, the debut offered little immediate relief. The LINK token is up nearly 10% over the past week but remains down more than 39% over the past year, according to price data cited by Cointelegraph.

Chainlink’s appeal lies in its infrastructure role. The network supplies on-chain applications with external data, enabling price feeds, cross-chain transfers and tokenized assets to function reliably.

As demand for decentralized finance and real-world asset tokenization grows, investors appear willing to give even second-tier tokens a closer look.

New Altcoin ETFs Steal Spotlight as Bitcoin Funds Struggle

The new Chainlink ETF comes amid the rollout of a wave of new altcoin ETFs.

Over the past month, issuers have launched products tied to Solana, XRP, and Dogecoin, with more XRP and Dogecoin funds set to list next week.

The Canary Capital XRP ETF (XRPC) debuted with $58 million in net inflows, the highest opening-day haul for any ETF this year, edging out the Bitwise Solana Staking ETF (BSOL), which launched with $57 million.

BSOL has quickly become one of the early success stories of 2025, accumulating over $660 million in assets within three weeks and avoiding a single day of outflows.

As reported, the New York Stock Exchange has approved the listing of Grayscale’s XRP and Dogecoin exchange-traded funds, clearing both products to begin trading on Monday.

NYSE Arca, the exchange’s ETF-focused subsidiary, filed certifications on Friday confirming the listing and registration of the Grayscale XRP Trust ETF Shares and the Grayscale Dogecoin Trust ETF Shares under the Securities Exchange Act of 1934.

Bitwise Asset Management has also unveiled the Bitwise Dogecoin ETF as investor appetite for altcoin exposure continues to increase.

The post Grayscale’s Spot Chainlink ETF Pulls $41M on Debut Despite Market Uncertainty appeared first on Cryptonews.

Senior Kremlin Official Proposes Counting Crypto Mining as Russia’s “Hidden Export”

By: Amin Ayan
4 December 2025 at 05:10

Crypto mining should be treated as a form of export in Russia’s official trade accounts, according to senior Kremlin official Maxim Oreshkin, who argued that large volumes of mined digital assets effectively flow abroad even if they never cross a physical border.

Key Takeaways:

  • Senior Kremlin official Maxim Oreshkin wants crypto mining to be counted as an export.
  • Industry leaders say Russia already produces tens of thousands of Bitcoins yearly, generating roughly 1 billion rubles per day in revenue.
  • Tighter rules now impose up to 25% corporate tax on mining income.

Speaking at the Russia Calling! investment forum, Oreshkin said the industry generates “enormous sums” that remain outside formal statistics despite influencing the foreign-exchange market and the balance of payments.

Russia Moves to Classify Crypto Mining as a New Export

Russia legalized cryptocurrency mining on November 1, 2024, and Oreshkin described the sector as a “new export item” that the country “doesn’t value very well.”

Because crypto can be used to pay for imports through alternative channels, he said, those transactions should be counted when the state measures trade flows and currency dynamics.

Industry figures say the scale is already material. Oleg Ogienko, chief executive of Via Numeri Group, estimates that Russia’s output of proof-of-work assets this year could equal “tens of thousands” of Bitcoins.

Sergey Bezdelov, head of the Industrial Mining Association, put production at about 55,000 BTC in 2023 and roughly 35,000 BTC in 2024, citing the network’s halving as a drag on miner rewards.

#BITCOIN MINING IS NOW LEGAL IN RUSSIA 🇷🇺 pic.twitter.com/r8D0ddMMJS

— The Bitcoin Conference (@TheBitcoinConf) November 1, 2024

The revenue impact is also significant. Mikhail Brezhnev, co-founder of mining supplier 51ASIC, estimates daily mining income across the country at around 1 billion rubles, a figure he links to Russia’s share of global computing power and Bitcoin’s price.

Because mined coins can be used directly to settle import bills, Brezhnev says the case for recording those flows in official statistics is straightforward.

Regulators, meanwhile, are tightening oversight. Legal entities and sole proprietors must register with the Federal Tax Service to mine, and hosting providers are listed in a separate registry.

Household miners are exempt from registration only if they consume less than 6,000 kWh a month, though all income must be reported.

Corporate mining is taxed at 25%, while individuals face progressive rates of 13–22%; non-residents pay 30%.

Illegal Crypto Mining Drains Russia’s Power Grid and Tax Base

As reported, a recent Russian media investigation revealed that illegal and semi-legal crypto mining is costing the country millions of dollars each year through stolen electricity and unpaid taxes.

Broadcaster Ren TV reports that many miners avoid registering their operations to escape high power tariffs and tax obligations, pushing large parts of the industry into the shadows and creating billion-ruble losses for the state budget.

Although Russia now permits industrial crypto mining and offers legal status to registered operators, smaller miners are reportedly refusing to comply.

While major firms such as BitRiver and Intelion work within the system, many independent operators are accused of resorting to meter manipulation, bribery, and secret agreements with utility workers.

As a result, households and legitimate businesses are said to be absorbing the cost of stolen electricity.

The post Senior Kremlin Official Proposes Counting Crypto Mining as Russia’s “Hidden Export” appeared first on Cryptonews.

Solana Seeker’s Core Chip Found to Have Unfixable Security Hole, Ledger Reports

By: Amin Ayan
4 December 2025 at 01:56

A critical hardware flaw has been discovered in a smartphone chip used by the Solana Seeker and other devices, potentially exposing crypto holders to complete device takeover and private key theft, according to a new report from Ledger.

Key Takeaways:

  • Ledger found an unfixable flaw in the MediaTek Dimensity 7300 chip that can lead to full device takeover and private key theft.
  • The attack targets the phone’s boot process, allowing hackers with physical access to bypass security controls in minutes.
  • No software update can fix the issue, as the vulnerability is built into the chip’s hardware.

In findings published Wednesday, researchers at the hardware wallet maker said they successfully compromised the MediaTek Dimensity 7300, bypassing built-in protections and gaining what they described as “full and absolute control” of an affected handset.

The vulnerability, they warned, allows attackers with physical access to extract sensitive data, including cryptographic keys used to secure digital assets.

Solana Seeker Chip Exposed by Boot-Phase Attack, Ledger Finds

The chip powers a range of smartphones, including the crypto-centric Solana Seeker, which markets itself as a mobile gateway for decentralized applications.

Ledger security engineers Charles Christen and Léo Benito said the exploit hinges on electromagnetic fault injection during the chip’s earliest boot phase.

By carefully disrupting that process, the team was able to circumvent memory protections and overwrite security controls inside the system-on-chip.

“The result is total compromise,” the researchers said, adding that once the attack is successful, there is no technical barrier left to prevent access to data stored on the device.

Most importantly for crypto users, the vulnerability cannot be resolved through updates or software patches.

The weakness is embedded in the silicon itself, making it permanent for all devices built on the affected chipset. “Users remain exposed even after disclosure,” the researchers wrote.

The Seeker is just a collection of different bugs 😭

I can't connect my Seeker Vault with most apps, the Seeker Vault loses my private key every other week and it won't recognize my device activities for the SKR airdrop.

— CryptoParsel (@derparsel) December 3, 2025

While the chance of success in a single attempt is relatively low, estimated between 0.1% and 1%, the attack can be executed repeatedly in quick succession.

Ledger estimates that with enough attempts, compromise can occur in a matter of minutes.

MediaTek told Ledger the issue lies outside the design scope of the Dimensity 7300.

In a statement, the company said the chip was developed for consumer smartphones, not for environments requiring secure enclaves comparable to financial infrastructure or hardware security modules.

“For products handling sensitive cryptographic material, manufacturers should implement specific protections against physical attacks,” MediaTek said.

Ledger disclosed the flaw to MediaTek in early May after beginning tests in February. The chipmaker subsequently notified device vendors believed to be affected.

Solana Mobile to Launch SKR Governance Token in 2026

Solana Mobile plans to launch SKR, a native token tied to its Seeker phone, at the start of 2026, positioning it as the governance token for its mobile ecosystem.

SKR Tokenomics

The total SKR supply is 10 billion SKR.

SKR distribution:
– 30% Airdrops
– 25% Growth + Partnerships
– 10% Liquidity + Launch
– 10% Community Treasury
– 15% Solana Mobile
– 10% Solana Labs pic.twitter.com/pluKRzTDVZ

— Seeker | Solana Mobile (@solanamobile) December 3, 2025

The token will have a total supply of 10 billion, with 30% earmarked for airdrops and 25% set aside for growth and partnerships.

The remaining allocation includes 10% for liquidity, 10% for a community treasury, 15% for Solana Mobile, and 10% for Solana Labs.

The company says SKR is meant to give Seeker owners “actual ownership in the platform” and will feature linear inflation to reward early stakers.

More details are expected to be revealed at Solana Breakpoint Conference from Dec. 11–13.

The post Solana Seeker’s Core Chip Found to Have Unfixable Security Hole, Ledger Reports appeared first on Cryptonews.

Pourquoi les volumes des exchanges crypto s’effondrent ?

3 December 2025 at 17:51

Les chiffres sont tombés. Les volumes de trading sur les échanges crypto ont reculé en novembre à environ 1,59 milliard de dollars, leur plus bas niveau depuis juin. Une baisse d’environ 26,7 % par rapport à octobre, qui interroge autant les traders que les investisseurs à long terme.

Des volumes au plus bas depuis juin : un marché crypto qui appuie sur pause

Les échanges centralisés ont vu leurs volumes passer de 2,17 milliards de dollars en octobre à 1,59 milliards en novembre. C’est un recul brutal, proche d’un tiers de l’activité qui disparaît en un mois, et le niveau le plus faible depuis juin 2025.

Binance reste en tête avec près de 599 milliards de dollars de volume, mais là aussi la baisse est marquée par rapport au mois précédent, autour de –26 %. Bybit, Gate.io et Coinbase suivent derrière, tous touchés par la même contraction. On ne parle donc pas d’un problème propre à une plateforme, mais bien d’un phénomène global.

Côté DeFi, le tableau n’est pas plus réjouissant. Les DEX affichent environ 397,8 milliards de dollars de volume en novembre, contre 568,4 milliards en octobre, là encore au plus bas depuis juin. Uniswap et PancakeSwap, leaders du secteur, voient tous deux leurs volumes reculer d’environ un tiers.

Volatilité en berne, traders refroidis et capitaux en retrait

Pourquoi cette chute soudaine alors que la crypto reste au cœur de l’actualité financière ? La probabilité s’est évaporée après le rallye des derniers mois. Le marché est passé d’une phase d’euphorie à une phase de digestion. Les traders qui avaient joué la hausse sur leurs profits. Puis ils ont simplement levé le pied, en attendant un nouveau signal fort.

Par ailleurs, les flux institutionnels se sont retournés. Les ETF spot Bitcoin aux États-Unis ont enregistré en novembre des sorties nettes d’environ 3,5 milliards de dollars. C’est le plus gros mois de retraits depuis février. Cela pèse mécaniquement sur la profondeur du marché, surtout sur les grandes paires comme BTC et ETH.

Spot Bitcoin ETFs just proved they are the new price-setters.November’s sell pressure didn’t weaken their influence; it confirmed it.

U.S. spot Bitcoin ETFs posted $3.48B in net outflows for the month, their weakest since February.

➣ Cumulative Bitcoin ETF net inflows: $57.7B… pic.twitter.com/HDjQjsRE8t

— THEDEFIPLUG (@TheDeFiPlug) December 1, 2025

Le contexte macro n’aide pas aussi. Après avoir flirté avec des records au-delà des 110 000 dollars, le Bitcoin a violemment corrigé pour revenir vers la zone des 80–90 000 dollars. Cette baisse a provoqué des liquidations en chaîne sur les positions très levier. De quoi refroidir les traders de court terme et inciter les market makers à réduire leur exposition et leurs carnets.

Baisse des volumes : comment un investisseur crypto peut s’adapter ?

Quand l’activité se contracte, forcer les métiers devient dangereux. Les écarts s’élargissent, le glissement augmente, et le moindre faux mouvement coûte cher. Dans ce type de marché, la patience devient un avantage. Mieux vaut laisser le bruit s’éteindre et se concentrer sur quelques niveaux techniques clés plutôt que de multiplier les ordres par ennui.

Les stratégies d’accumulation progressive comme le DCA représentent tout leur sens. Acheter à intervalles réguliers, sur un marché en consolidation, permet de lisser le prix d’entrée sans chercher à « timer » le point bas parfait. Ce n’est ni spectaculaire ni excitant, mais historiquement, ce sont ces phases de creux qui construisent les meilleures positions à long terme.

Autre axe souvent négligé : utiliser ces périodes de latence pour faire travailler son capital autrement. Staking, prêt, rendement sur protocoles éprouvés ou même exposition à des projets en prévente bien sélectionnés. Plutôt que de subir un marché plat, l’investisseur peut transformer ce temps mort en phase de préparation. C’est exactement dans ce genre de climat que certains projets alternatifs se démarquent.

PepeNode ($PEPENODE) : le minage virtuel 2.0 qui profite des phases creuses

Acheter PepeNode

Le succès de RollerCoin a prouvé qu’il existait une énorme demande pour le minage virtuel. Des centaines de milliers de joueurs ont montré qu’ils étaient prêts à miner sans jamais acheter de machines ni payer une facture d’électricité. Mais le modèle avait deux failles majeures : un gameplay basé sur des mini-jeux répétitifs, et une expérience qui ne démontre pas vraiment au vrai minage crypto.

PepeNode ($PEPENODE) arrive précisément là où RollerCoin s’essouffle. Le projet place la stratégie au centre du jeu. Chaque décision compte : quels nœuds acheter, comment les combiner, à quel moment agrandir sa salle de serveurs, quand réaliser sa puissance de calcul. On ne clique plus seulement pour grind des points. On construit un système cohérent qui conditionne directement la quantité de crypto gagnée.

Surtout, PepeNode s’attache à simuler le vrai minage, mais dans un environnement 100 % virtuel. Ce concept lui vaut déjà une place sur les radars des meilleurs memecoins auprès des joueurs friands de GameFi.Les joueurs gèrent leur hashrate, optimisent leurs rigs, améliorent leurs configurations. Plus tard, ils pourront même intervenir sur le refroidissement, la gestion de l’énergie et d’autres paramètres inspirés des fermes de minage professionnelles. Le ressenti se rapproche de celui d’un mineur réel, mais sans le moindre coût matériel ni contrainte technique.

Cette approche tombe à point nommé dans un marché où les volumes d’échange sont en berne. Pendant que les carnets d’ordres des échanges crypto se vident, les joueurs-investisseurs peuvent rediriger une partie de leur attention vers un écosystème gamifié, pensé pour générer des flux en PEPE, FARTCOIN et autres tokens partenaires, simplement en optimisant leur infrastructure virtuelle. Aux yeux de nombreux chasseurs de rendement, le projet s’impose déjà parmi les nouvelles préventes memecoins à surveiller. La prévente de PepeNode devient alors une porte d’entrée pour se positionner tôt sur cet univers de « mining-game » nouvelle génération.

Participez à la prévente $PEPENODE !

Quand le marché s’endort, les bâtisseurs s’activent

L’effondrement des volumes sur les échanges crypto ne signifie pas que le marché est mort. Il indique surtout que le trading frénétique fait une pause. Les mains fortes accumulent, les ETF se réajustent, les market makers recalibrent leurs risques. En surface, tout semble figé. En profondeur, le capital se repositionne.

Pour l’investisseur, l’enjeu est simple. Profiter de cette accalmie pour revoir sa stratégie, renforcer ses convictions, et explorer des projets qui ne dépendent pas uniquement de la vulnérabilité quotidienne. Les préventes solides et les modèles hybrides entre jeu, minage et rendement comme PepeNode s’inscrivent exactement dans cette logique.

Bitcoin Rebounds Above $92K as Fear Eases and SUI, LINK, and 2Z Surge

3 December 2025 at 13:50

The market has moved out of extreme fear for the first time in days. The Crypto Fear and Greed Index now sits at 22 after spending most of last week between 10 and 17.

Bitcoin has climbed above $92,000 with a 5% gain over 24 hours, easing the pressure that defined recent trading. Sentiment is still fragile, but the rebound removes some of the strain that built during last week’s selloff.

This shift creates an environment where a few altcoins can advance even though the market has not fully recovered. DoubleZero, Sui, and Chainlink are among the strongest performers today, each rising on increased participation and renewed interest in specific themes.

Their moves sit in contrast to the wider market, where most assets remain cautious, and liquidity concentrates around established names.

Fear and Greed Index (Source: CoinMarketCap)

Sui: New Market Access Drives Activity

SUI is currently trading near $1.71 after rising 21% in the past 24 hours. The move comes after new access opened for New York-based users, which expanded available liquidity and increased inflows from regions that previously could not participate.

From seamless assets to fast-reflex gameplay, Sui is powering a new standard for shooters.@xocietyofficial is now live in Early Access on the Epic Games Store.

Powered by Sui for speed and scale. Play it on SuiPlay0X1.

Go play👇 pic.twitter.com/JHVoKZumSh

— Sui (@SuiNetwork) December 3, 2025

Spot data shows activity spread across large venues rather than pushed by a single impulse. The recent supply unlock of more than $80 million in tokens did not suppress demand, and today’s move indicates that the market has absorbed that event more comfortably than expected.

Chainlink: Utility Driven Engagement

Chainlink (LINK) is now trading around $14.5 after gaining 17% on the day. It remains one of the more liquid assets outside the largest layer ones, which often helps it perform when traders return to names with established use cases.

LINK Price (Source: CoinMarketCap)

Data feeds and Oracle integrations continue to anchor its role in various applications. This stability keeps LINK active during sessions where the market is still recovering from the aftereffects of fear.

DoubleZero: Rotation Into Mid Caps

DoubleZero (2Z) is trading near $0.137 with a 25% gain in 24 hours. Market data points to rotation into mid-cap tokens after Bitcoin’s rebound. Depth across active pairs has increased, and volume sits above last week’s averages.

The project continues to benefit from attention around tokens linked to liquidity incentives and early-stage trading models. There is no single catalyst today, but sentiment toward smaller structured products has improved after last week’s panic selling.

Altcoin Season Still Restricted

Even with today’s gains, the current phase does not resemble a full altcoin season. The index remains in fear, rotation is selective, and liquidity concentrates around tokens that already have strong market structures or clear engagement routes.

Last week’s severe reading of 10 shaped expectations, and the move to 22 shows some recovery but not a return to risk-seeking behavior.

For now, the market rewards tokens with distinct use cases, firm liquidity, or new access events. The wider environment remains cautious, shaped by recent liquidations and mixed macro signals.

Altcoin season is still distant, but isolated pockets of strength show that the market is no longer locked in the extreme fear that dominated late November and early December.

The post Bitcoin Rebounds Above $92K as Fear Eases and SUI, LINK, and 2Z Surge appeared first on Cryptonews.

Taiwan Targets Late-2026 Launch for First Domestic Stablecoin

By: Amin Ayan
3 December 2025 at 10:11

Taiwan could roll out its first domestically issued stablecoin by the second half of 2026 as lawmakers move forward with legislation to regulate digital assets, though key design choices, including which currency the token will track, remain unresolved.

Key Takeaways:

  • Taiwan is targeting a late-2026 launch for its first domestic stablecoin pending passage of a new crypto law.
  • Banks will lead initial issuance as regulators coordinate closely with Taiwan’s central bank.
  • The choice of peg remains open, with a US dollar tie seen as easier than linking it to the Taiwan dollar.

According to local media, Financial Supervisory Commission chair Peng Jin-long told lawmakers this week that the draft Virtual Assets Service Act has cleared initial cabinet reviews and could pass its third reading in the next legislative session.

Rules specific to stablecoins would follow within six months of approval, pointing to a possible late-2026 release at the earliest.

Taiwan to Let Banks Lead Stablecoin Rollout as Regulators Tighten Controls

The draft law does not confine issuance to banks, but Peng said financial institutions will take the lead in the early stages, reflecting a cautious approach as regulators open the door to domestic digital tokens.

The FSC is coordinating policy development with the Central Bank of the Republic of China (Taiwan), which has long enforced strict controls to keep the Taiwan dollar from circulating overseas.

That constraint is shaping the stablecoin debate. A token pegged to the Taiwan dollar would collide with existing foreign-exchange rules, as the currency is not allowed to circulate offshore.

A US dollar-backed stablecoin, by contrast, would avoid the thorniest regulatory issues and align more closely with global settlement use cases tied to cross-border payments.

Stablecoins, by design, move value across borders with speed and low cost, features that could undercut decades of policy aimed at keeping the local currency onshore and preventing unofficial offshore pricing.

Regulators are now drafting guardrails requiring full reserve backing, strict segregation of client assets and domestic custody to limit risk at launch.

What remains undecided is the anchor currency itself. Peng said the final choice will depend on market demand, with no commitment yet to either the US dollar or the Taiwan dollar.

Taiwan Weighs Adding Bitcoin to National Reserves

As reported, Taiwan’s government is moving closer to integrating Bitcoin into its national reserve strategy, with the island’s Executive Yuan and Central Bank agreeing to evaluate Bitcoin as a potential strategic asset and explore pilot holdings using seized BTC currently awaiting auction.

BREAKING: TAIWAN'S CENTRAL BANK TO OFFICIALLY PILOT A STRATEGIC #BITCOIN RESERVE

THIS IS ABSOLUTELY MASSIVE 🔥 pic.twitter.com/V6Xd6uyc6p

— The Bitcoin Historian (@pete_rizzo_) November 12, 2025

In August, Taiwanese prosecutors indicted 14 individuals in the nation’s largest crypto money-laundering case, exposing a NT$2.3 billion ($75 million) fraud that deceived over 1,500 victims through fake crypto exchange franchises.

The operation, led by Shi Qiren, ran more than 40 storefronts under names like “CoinW” and “BiXiang Technology,” posing as licensed exchanges while secretly funneling investor funds into overseas crypto accounts.

Authorities seized cash, crypto, and luxury assets worth over NT$100 million, while Shi faces up to 25 years in prison for fraud, money laundering, and organized crime.

The group’s success hinged on exploiting regulatory blind spots in Taiwan’s crypto oversight. By claiming false approval from the Financial Supervisory Commission, the network built investor trust, collected hefty franchise fees, and used “deposit machines” to mimic legitimate exchange operations.

Prosecutors described the scheme as “systematic fraud” that leveraged Taiwan’s crypto curiosity and weak enforcement.

The post Taiwan Targets Late-2026 Launch for First Domestic Stablecoin appeared first on Cryptonews.

Kryptomeny idú hore. Bitcoin posilnil o ďalších 7 % za posledných 24 hodín

3 December 2025 at 06:40

Oslabujúci dolár, očakávané zníženie úrokových sadzieb americkým Fedom a rastúca aktivita na spotových ETF fondoch formujú nové podmienky pre decembrový trh. Bitcoin sa opäť obchoduje nad úrovňou 92 000 $ a aj altcoiny naznačujú zmenu trhovej dynamiky. Je december vhodným časom na nákup?

Preskúmať top predpredaj 2025

Cena Bitcoinu stúpla o viac ako 6 % za posledný týždeň

Bitcoin sa dnes obchoduje za 92 981 $. V priebehu posledných 7 dní posilnil o 6,15 % a zotavil časť novembrových strát, ktoré patrili k najvýraznejším od roku 2021. Nárast objemov v spotových ETF, najmä po tom, čo Vanguard zrušil obmedzenie obchodovania s Bitcoin ETF, podporil nový prílev kapitálu do trhu.

Len samotný fond IBIT spoločnosti BlackRock dosiahol miliardové objemy už v prvých minútach obchodovania po otvorení amerického trhu.

cena bitcoinu december 2025 Zdroj: coinmarketcap.com

Prelomenie hranice 93 000 dolárov by podľa analytikov Glassnode mohlo vyvolať krátkodobý short squeeze, ktorý by cenu vystrelil smerom k 95-100 tisíc $. Zároveň platí, že pokiaľ Bitcoin zostane nad úrovňou 80 tisíc $, trh si udrží býčí výhľad. Makro faktorom dominuje očakávanie, že Fed už budúci týždeň pristúpi k zníženiu sadzieb, ktoré tradične podporuje rizikové aktíva vrátane kryptomien.

Euro posilňuje v očakávaní rozhodnutia americkej centrálnej banky. Dolár oslabil tento rok o takmer 7 %

Euro v úvode decembra posilňuje a prelomilo svoj 50-dňový kĺzavý priemer po tom, čo inflácia v eurozóne mierne prekonala očakávania. Spoločná mena sa aktuálne obchoduje pri úrovni 1,1640 dolára a smeruje k najlepšiemu ročnému výkonu od roku 2017. Trh tak reaguje na kombináciu priaznivých európskych makrodát a slabnúceho amerického dolára, ktorý v tomto roku stratil takmer 7 % hodnoty na indexe DXY.

Investori sa zároveň pripravujú na zasadnutie Federálneho rezervného systému, ktorý sa uskutoční už budúci týždeň. Podľa údajov platformy Polymarket vyskočila pravdepodobnosť, že Fed pristúpi k ďalšiemu zníženiu sadzieb až 93 %.

Práve toto očakávanie patrí medzi hlavné dôvody oslabenia dolára. Americká mena sa totiž stáva menej atraktívnou v prostredí, kde sa úrokový diferenciál medzi USA a ostatnými ekonomikami rýchlo zužuje. Odborníci upozorňujú, že aj malé náznaky holubičej rétoriky Fedu by mohli spôsobiť ďalší pokles dolára v druhej polovici decembra.

dolár cena december 2025Zdroj: tradingview.com

Naopak, Európska centrálna banka neplánuje bezprostredné znižovanie sadzieb a trhy započítavajú iba približne 25 % pravdepodobnosť uvoľnenia menovej politiky v roku 2026. Tento kontrast medzi Fedom a ECB hrá v prospech eura, ktoré zostáva podporované stabilnou politikou ECB a slabnúcou americkou menou.

Makro pohyby na devízových trhoch tak vytvárajú prostredie priaznivé pre rizikové aktíva vrátane kryptomien. Slabší dolár totiž historicky podporuje dopyt po Bitcoine, altcoinoch a ďalších volatilnejších aktívach.

Altcoiny naznačujú budúci rast. Ethereum si polepšilo o 9 %

Popri Bitcoine sa nálada zlepšuje aj v segmente altcoinov. Celková trhová kapitalizácia kryptomien stúpla na 3,14 bilióna dolárov, čo predstavuje 6,84 % denný nárast. A práve altcoiny ťahajú značnú časť tohto impulzu. Ethereum (ETH) vzrástlo za posledných 24 hodín o 8,80 % a jeho cena sa drží nad 3 052 dolármi. Rast podporuje návrat likvidity na trh a klesajúca dominancia Bitcoinu, ktorá vytvára priestor pre širšiu altcoinovú rally.

altcoiny december 2025Zdroj: coinmarketcap.com

XRP taktiež potvrdzuje posilnenie sentimentu. S 8,27 % denným nárastom patrí medzi najvýkonnejšie veľké altcoiny, pričom jeho trhová kapitalizácia presiahla už 131,6 miliardy dolárov. Súčasne rastie aj dopyt po XRP ETF fondoch, ktoré pritiahli tento týždeň už viac ako 157 miliónov dolárov.

Súčasne, natívna kryptomena populárneho blockchainu pre meme coiny Solana (SOL), si pripísala za posledný deň 12 %. Celkovo si tak polepšila o takmer 4 % za týždeň. Záujem investorov podporuje vysoká aktivita v DeFi a rastúce množstvo nových aplikácií v jej ekosystéme.

XRP ETF fondy dnesZdroj: sosovalue.com

Stablecoin Tether (USDT) zostáva najväčším zdrojom likvidity na trhu, čo je viditeľné z vysokého 24-hodinového objemu 128,2 miliardy dolárov Ide o jasný signál, že obchodníci aktívne rotujú kapitál medzi hlavnými altcoinmi. Súčasné trhové ukazovatele vytvárajú konzistentný obraz prostredia, v ktorom sa altcoiny presadzujú čoraz výraznejšie.

Rastový impulz v segmente altcoinov zároveň vytvára priaznivé podmienky pre nové kryptomeny, ktoré práve v tomto období vstupujú na trh. Investori po mesiacoch opatrnosti opäť rozširujú expozíciu voči projektom s vyšším potenciálom, čo zvyšuje záujem o kvalitné predpredaje. V tejto skupine aktuálne dominuje projekt Bitcoin Hyper, ktorý počas prebiehajúceho predpredaja už získal viac než 28 miliónov dolárov.

Layer 2 architektúra Bitcoin Hyper prináša pre BTC novú úroveň využitia

Základom projektu Bitcoin Hyper (HYPER) je snaha prepojiť vysokú bezpečnosť Bitcoinovej siete s výkonnosťou moderných blockchainových architektúr. HyperChain používa Solana Virtual Machine (SVM) ako výpočtovú vrstvu, no finálne osadenie transakcií sa rieši na Bitcoinovom Layer 1.

V praxi to znamená, že DeFi aplikácie môžu využívať nízke poplatky a vysoké TPS, kým Bitcoin zostáva konečnou autoritou pre zúčtovanie. Súčasťou riešenia je aj mechanizmus canonical bridge, v ktorom sa BTC uzamkne na základnej vrstve a jeho zabalená verzia sa následne používa v prostredí Bitcoin Hyper. Tým sa otvára priestor pre reálne ekonomické aktivity, ktoré Bitcoin doteraz nepodporoval.

Bitcoin Hyper predpredaj kryptomenyZdroj: bitcoinhyper.com

Natívny token HYPER zohráva v ekosystéme ústrednú úlohu. Držitelia ho využijú ako:

  • platidlo na úhradu transakčných poplatkov
  • zdroj pasívnych príjmov za staking (aktuálne ponúka 40 % APY)
  • hlasovacie právo pri rozhodovaní o budúcom vývoji ekosystému v rámci DAO
  • investičný nástroj na zhodnotenie kapitálu v trhovom prostredí

Aktuálna cena kryptomeny HYPER v predpredaji je 0,013365 $, pričom do uzavretia predpredaja zostáva už len niekoľko dní. Silný záujem retailových investorov dopĺňajú aj výrazné kapitálové vstupy zo strany veľrýb, čo zvyšuje dôveru v dlhodobejšiu víziu projektu.

Pre mnohých investorov predstavuje Bitcoin Hyper riešenie, ktoré môže Bitcoinu priniesť funkcionalitu, aká mu doteraz chýbala. Nová Layer-2 vrstva umožňuje obchodníkom aj vývojárom využívať BTC v moderných decentralizovaných aplikáciách, pokročilých DeFi riešeniach, ekosystémoch založených na meme tokenoch či v rámci smart kontraktov.

Tvorcovia projektu zároveň stavili na výraznú vizuálnu identitu, ktorá pracuje s hravým a virálnym potenciálom značky. Novú sieť reprezentuje postava Hyper, využívaná v meme formáte s estetikou superhrdinu, ktorá sprevádza jednotlivé fázy vývoja projektu.

Markets move fast. Hyper stays ready. ⚡https://t.co/VNG0P4GuDo pic.twitter.com/5YVWN3TnQ1

— Bitcoin Hyper (@BTC_Hyper2) December 3, 2025

Tento prístup podporuje aktívnu a angažovanú komunitu, uľahčuje odlíšenie od ostatných projektov a prispieva k rýchlemu budovaniu povedomia ešte pred uvedením tokenu na trh.

Token nájdete na domovskej stránke projektu a tiež priamo v aplikácii kryptopeňaženky Best Wallet. Nákupný widget akceptuje kryptomeny ETH, BNB, USDT a tiež platbu kartou.

Navštíviť predpredaj Bitcoin Hyper

 

 

Kalshi Becomes CNN’s Official Prediction Market Partner After Raising $1B

By: Amin Ayan
3 December 2025 at 02:32

Prediction markets platform Kalshi has secured a major media breakthrough after signing a partnership with CNN, making the company the network’s official prediction markets partner while closing a $1 billion funding round at an $11 billion valuation.

Key Takeaways:

  • Kalshi became CNN’s official prediction markets partner after raising $1B at an $11B valuation.
  • CNN will display Kalshi’s real-time probabilities in broadcasts, including a live on-screen ticker.
  • The funding round, led by Paradigm, signals strong investor confidence in prediction markets as a mainstream data source.

Under the agreement, Kalshi’s real-time market data will be used inside CNN’s newsroom to support reporting on politics, economics, and major cultural events.

CNN staff will have access to Kalshi’s probability data, which reflects how users price future outcomes based on trading activity.

CNN to Launch Kalshi-Powered Live Prediction Ticker

The network will also introduce a live, Kalshi-powered ticker during coverage segments that use market data.

The integration will be overseen by CNN Chief Data Analyst Harry Enten, whose work focuses on applying data-driven insights to political and social reporting.

Kalshi said the partnership is designed to provide viewers with clearer signals on emerging trends by showing how markets are reacting in real time.

The announcement comes as Kalshi confirms a $1 billion Series E funding round led by crypto-focused investment firm Paradigm, with participation from Sequoia Capital, Andreessen Horowitz, and ARK Invest.

The round more than doubles Kalshi’s previous $5 billion valuation from an October raise.

Kalshi chief executive Tarek Mansour said markets are becoming a new way to measure public expectations.

“Kalshi is replacing debate and opinion with markets and accuracy,” he said, adding that users increasingly want information reflected through price action rather than speculation.

Kalshi raised $1B at an $11B valuation.

A decade ago, only a few thousand people knew what a prediction market was.

Eighteen months ago, most prediction markets were banned – until we overcame the government to set them free.

Over the past seven years, our community has opened… pic.twitter.com/hGDkYxkSlh

— Tarek Mansour (@mansourtarek_) December 2, 2025

Kalshi Hits Record $4.5B Monthly Volume

The funding follows a surge in activity across prediction platforms. According to Token Terminal data cited by the company, Kalshi posted record trading volume of $4.54 billion in November, beating October’s $4.49 billion.

Kalshi said weekly volumes are now exceeding $1 billion, representing growth of more than 1,000% since 2024.

Its closest competitor, Polymarket, also recorded a strong November, hitting a monthly total of $3.76 billion after crossing $3 billion in October.

Polymarket CEO Shayne Coplan recently said prediction markets are among the most reliable indicators for forecasting real-world outcomes.

As reported, Mike Novogratz’s Galaxy Digital is in talks with Polymarket and Kalshi about becoming a liquidity provider, as on-chain betting on real-world events draws more attention from both retail traders and Wall Street.

Galaxy, which has built its brand around providing crypto infrastructure and services to institutional clients, would act as a market-maker on the platforms, posting regular bids and offers to deepen trading.

Meanwhile, Kalshi is currently facing a nationwide class action lawsuit alleging the platform operates like an unlicensed sportsbook and misrepresents pricing advantages versus traditional betting markets. The company has not admitted wrongdoing.

The post Kalshi Becomes CNN’s Official Prediction Market Partner After Raising $1B appeared first on Cryptonews.

UK Formally Recognizes Crypto as Property with New Digital Assets Law

By: Amin Ayan
3 December 2025 at 01:19

The United Kingdom has moved a step closer to giving crypto holders the same legal footing as owners of traditional assets after Parliament approved a new law that formally treats cryptocurrencies and stablecoins as property.

Key Takeaways:

  • The UK has formally recognized cryptocurrencies and stablecoins as legal property through a new Act of Parliament.
  • The law confirms digital assets can be owned, inherited, and recovered.
  • Industry groups say the change strengthens investor protection and supports Britain’s push to become a digital-finance hub.

The Property (Digital Assets etc) Bill was granted royal assent this week, confirming it as law, after being announced in the House of Lords by John McFall.

With the approval of King Charles, digital assets will now be protected under property law rather than being left in a gray area shaped mostly by court rulings.

Industry Hails UK Crypto Property Law as ‘Massive Step Forward’

Industry groups welcomed the decision as a long-awaited breakthrough.

Bitcoin Policy UK called the law “a massive step forward” for Bitcoin and other digital assets, while trade body CryptoUK said Parliament has now written into statute what judges had already been applying through individual cases.

Until now, common law had often treated digital tokens as property, but only through scattered judgments.

The new law follows advice issued in 2024 by the Law Commission of England and Wales, which urged lawmakers to classify crypto as a distinct form of personal property to avoid uncertainty around ownership disputes.

Under UK law, personal property traditionally falls into two categories: physical objects, known as “things in possession,” and contractual rights, referred to as “things in action.”

The problem, legal experts noted, was that crypto did not easily fit into either group.

BREAKING: UK JUST OFFICIALLY RECOGNIZED #BITCOIN AND CRYPTO AS PROPERTY UNDER LAW

NATION STATE GAME THEORY PLAYING OUT 🔥 pic.twitter.com/6wfAoFL5CJ

— The Bitcoin Historian (@pete_rizzo_) December 2, 2025

The new legislation resolves that ambiguity by confirming that “a thing that is digital or electronic in nature” can still be treated as personal property, even if it does not meet older definitions.

CryptoUK said this change makes it easier for courts to settle disagreements involving stolen funds, inheritance cases or company failures involving digital holdings.

“This gives digital assets a much clearer legal footing, especially for proving ownership or recovering tokens after fraud,” the group said in a statement.

The government also views the change as part of a broader effort to make Britain a hub for digital finance.

Data from the financial regulator shows around 12% of UK adults hold some form of cryptocurrency, a figure that has risen steadily in recent years.

UK Weighs Ban on Crypto Donations

As reported, the UK government is considering a ban on cryptocurrency donations to political parties, a move that could directly affect Reform UK, which recently became the first party in the country to accept digital assets.

The proposal is under review as part of the upcoming Elections Bill, according to people familiar with internal discussions, though officials have yet to formally confirm the plan.

The debate follows Reform UK’s push to present itself as Britain’s most crypto-friendly party under the leadership of Nigel Farage.

Furthermore, the UK government has moved a step closer to overhauling how decentralized finance activity is taxed, backing a new framework that would spare users from triggering capital gains each time they deposit tokens into lending protocols or liquidity pools.

The post UK Formally Recognizes Crypto as Property with New Digital Assets Law appeared first on Cryptonews.

Altcoins today: Grayscale’s LINK ETF debuts; HYPE and ASTER soar up to 13%

2 December 2025 at 12:52
  • Grayscale has launched the first US spot LINK ETF today.
  • HYPE rallies after Sonnet shareholders authorize Hyperliquid DAT’s merger.
  • ASTER gains more than 13% on a new collaboration with WLFI.

Cryptos rebounded on Tuesday as the value of all tokens increased by more than 6% to $3.06 trillion.

Bitcoin has reclaimed $90,000 as Ethereum trades above $3,000.

This article evaluates three altcoins, Chainlink, HYPE, and ASTER, that remained in the spotlight today for various reasons.

Grayscale’s spot Chainlink ETF goes live

Grayscale has officially converted its Chainlink Trust to an ETF today, introducing the first-ever US exchange-traded fund.

The debut has met considerable anticipation among the cryptocurrency community as many view Chainlink’s oracle infrastructure as crucial to tokenized real-world assets (RWA) and decentralized finance (DeFi).

Commenting on GLINK’s debut, Grayscale’s ETF official Inkoo Kand said:

Chainlink’s decentralized oracle network is setting the market standard for verifiable data and cross-chain connectivity that underpins tokenization and DeFi across public blockchains. With GLINK, investors can gain exposure to this foundational infrastructure in the familiar ETP wrapper.

Meanwhile, GLINK will simplify institutional access to Chainlink, allowing traditional investors to interact with crypto without directly handling the token.

LINK reacted positively to the ETF news, gaining more than 12% to trade at $13.32.

HYPE gains 10% after key milestone

HYPE soared more than 10% over the past 24 hours after Sonnet confirmed a crucial structural breakthrough.

According to today’s, December 2, press release, the company’s shareholders have approved the decision to introduce Hyperliquid Decentralized Autonomous Treasury (DAT).

Sonnet BioTherapeutics Holdings, Inc. Announces Stockholder Approval of Proposed Business Combination with Hyperliquid Strategies Inchttps://t.co/tzF9O6EgSM $SONN pic.twitter.com/cOT6JSp2ai

— Sonnet Bio (@SonnetBio) December 2, 2025

The plan involves Sonnet merging with Rorschach I LLC to form a unified entity called Hyperliquid Strategies.

Most importantly, the new firm plans to raise $1 billion to buy HYPE.

The massive bet signals unwavering institutional trust in the altcoin.

HYPE is hovering at $33.03 after gaining over 10% within the past 24 hours.

ASTER rallies after WLFI alliance

Aster’s native coin also recorded impressive price actions, gaining over 13% within the last 24 hours.

The upside momentum coincided with a strategic collaboration with Donald Trump-affiliated World Liberty Financial.

Aster founder and CEO Leonard announced the alliance at the fintech and crypto conference in Dubai.

Under this agreement, the decentralized exchange will integrate WLFI’s USD1 – a move designed to enrich the stablecoin’s adoption.

The altcoin is trading above the $1 psychological level after gaining over 13% on its daily price chart.

ASTER eyes further rallies, but declining 24-hour trading volumes highlight weakness.

Meanwhile, the broader crypto market remained elevated today, recovering from sharp dips in the past few sessions.

Bitcoin has gained over 7% on its daily price chart, while Ethereum increased by 10%.

Quantitative tightening ending and renewed ETFs interest fuel the current upside momentum.

The post Altcoins today: Grayscale’s LINK ETF debuts; HYPE and ASTER soar up to 13% appeared first on CoinJournal.

Bitcoin Rebound Eases Altcoin Season Tension As SKY, PUMP And PENGU Outperform

2 December 2025 at 12:12

Fear remains the dominant force even though price action looks steadier than yesterday. The Crypto Fear and Greed Index sits near 16 after dropping from 20, yet Bitcoin has climbed back towards $90,000, recovering about 6% from the previous session’s lows.

Bitcoin Price (Source: CoinMarketCap)

The contrast between a lagging sentiment reading and a modest intraday rebound captures the uncertainty that still shapes early December after two difficult months for risk assets.

Most altcoins continue to struggle, and liquidity remains concentrated in Bitcoin and stablecoins. Still, a few tokens show green numbers today. SKY, Pump.fun’s PUMP token, and the Pudgy Penguins linked PENGU coin each move higher, giving a view into where capital still participates when sentiment remains defensive.

Pudgy Penguins Supported By Brand Interest

PENGU is now trading above $0.011, up by around 22% today. Liquidity is thinner than in larger meme names, but price has remained firm as renewed attention around the Pudgy Penguins brand and related licensing efforts continues to circulate in community channels.

The link between a well-known NFT collection and the Solana-based token helps explain why PENGU shows strength when many smaller meme tokens remain under pressure, since traders often gravitate toward recognisable themes during risk-off stretches.

Sky Protocol Buybacks Lift Token

SKY is currently trading near $0.57, up by about 18% in 24 hours, with volume running ahead of recent averages. Market data show the token holding above the support zone formed during last week’s decline, which indicates that buyers have not stepped away immediately after the first bounce.

In November, Sky Protocol bought back 154 million SKY using 7.8 million USDS.

This brings total buybacks to over 88 million USDS since the program began. pic.twitter.com/yqfgt1HQ3U

— Sky (@SkyEcosystem) December 1, 2025

Sky Protocol disclosed that it bought back 154 million SKY in November using 7.8 million USDS, lifting total buyback spending above 88 million USDS since the program began. These steady purchases help absorb supply during fearful phases and maintain focus on the protocol’s stablecoin and collateral model, providing a clear explanation for today’s move without relying on speculation.

Pump.fun Sees Consistent Solana Activity

Pump.fun’s PUMP token is trading around $0.003, up by roughly 16% in 24 hours. Trading screens show active participation across several venues, supported by steady issuance on the Pump.fun launchpad and strong traffic in Solana’s meme markets.

The constant flow of new pairs and reliable engagement across social channels keeps the token visible even on days where risk appetite is thin. These factors give PUMP a degree of resilience during broader market pullbacks, and today’s move fits that pattern.

Altcoin Season Still Out Of Reach

SKY, PUMP, and PENGU show that isolated gains can occur even in extreme fear, but they do not signal a wide altcoin recovery. Bitcoin’s drop toward $80,000 this week and a sentiment reading near record lows keep trading conditions tight, with most flows concentrated in high liquidity assets rather than mid-caps.

Until fear subsides for more than a single session and rotation improves across a wider set of large altcoins, these moves will remain pockets of strength rather than evidence that altcoin season has returned.

The post Bitcoin Rebound Eases Altcoin Season Tension As SKY, PUMP And PENGU Outperform appeared first on Cryptonews.

Crypto VC Funding Surges in November on Naver’s $10.3B Deal

By: Amin Ayan
2 December 2025 at 10:34

Crypto venture capital showed a split personality in November 2025: deal activity slowed, but the money flowing into the sector ballooned.

Key Takeaways:

  • Crypto VC deals fell sharply in November, but total funding jumped to $14 billion due to one mega-acquisition.
  • Naver’s $10.3 billion purchase of Dunamu accounted for most of the month’s capital.
  • Outside the blockbuster, investors focused on DeFi, AI, and infrastructure.

Data from RootData shows 57 disclosed crypto VC deals, down 28% from October and 41% from a year earlier.

However, total funding leapt to $14.54 billion, a 219% jump month over month, dominated by a single blockbuster transaction.

Naver’s $10.3B Buy of Dunamu Becomes Crypto’s Biggest Deal

That outlier was Naver’s $10.3 billion all-stock acquisition of Dunamu, the operator of Upbit.

The deal, the largest financing event the crypto industry has seen, values Dunamu at about KRW 15.1 trillion and signals renewed appetite for scale through consolidation.

Dunamu reported revenue of KRW 1.19 trillion for the first nine months of the year, with Upbit accounting for nearly all of it, underscoring how trading platforms continue to anchor cash flows even as the market matures.

Strip away the Naver-Dunamu mega-deal and November looks more cautious. Capital clustered around fewer, larger checks while early-stage activity cooled.

By sector, DeFi (30.4%) and CeFi (12.5%) led deal counts, followed by AI (7.1%), RWA/DePIN (7.1%), and Tooling/Wallets (5.4%), suggesting investors are prioritizing infrastructure and finance-native use cases over consumer experiments.

Prediction-market operator Kalshi closed a $1 billion round led by Sequoia and CapitalG, vaulting to an $11 billion valuation, while talks swirled that rival Polymarket could seek a double-digit-billion price tag.

Payments heavyweight Ripple secured $500 million, lifting its valuation to $40 billion, with backing tied to Fortress and Citadel Securities alongside marquee crypto funds.

November VC Monthly Report: November 2025 recorded 57 crypto VC deals, down 28% month-over-month, while total funding surged 219% to USD 14.54 billion, mainly due to Naver’s USD 10.3 billion acquisition of Upbit operator Dunamu. Other major deals included Kalshi (USD 1B), Ripple… pic.twitter.com/rjbjEUCKyM

— Wu Blockchain (@WuBlockchain) December 2, 2025

Kraken added $200 million at a $20 billion valuation after a $600 million raise earlier in the fall.

Market-infrastructure specialist Tharimmune lined up a $540 million private placement to hold Canton tokens for institutional workflows, while Bitcoin lender Lava raised $200 million to expand BTC-based instruments.

On the ecosystem side, L1 aspirant Monad pulled in $188 million via a public sale, wallet firm Exodus Movement struck a $175 million cash-and-BTC-financed acquisition for payments group W3C, and Lloyds agreed to buy Curve for roughly $158 million.

Custodian Paxos Trust Company capped the month by acquiring Fordefi in a deal topping $100 million.

Crypto VC Rebounds to $4.65B in Q3

As reported, crypto venture funding rebounded sharply in the third quarter, reaching $4.65 billion, the second-strongest quarter since the FTX collapse in late 2022.

The total marked a 290% jump from Q2 and came close to Q1’s $4.8 billion, according to data from Galaxy Digital.

Funding was heavily concentrated, with just seven deals accounting for half of all capital invested across 414 transactions.

The biggest raises went to established players, led by $1 billion for Revolut, $500 million for Kraken, and $250 million for Erebor, a US-based crypto bank.

Capital clustered around stablecoins, AI-linked crypto tools, infrastructure, and trading technology, while early-stage fundraising remained muted after nearly two years of cautious dealmaking.

The post Crypto VC Funding Surges in November on Naver’s $10.3B Deal appeared first on Cryptonews.

CZ’s YZi Labs in Boardroom Coup Bid for World’s Largest BNB Treasury

2 December 2025 at 05:42

CEA Industries Inc. (NASDAQ: BNC), the company that only months ago was promoted as the largest publicly traded BNB treasury in the United States, is now at the center of an escalating governance battle after Changpeng “CZ” Zhao’s YZi Labs filed a sweeping consent solicitation with the U.S. Securities and Exchange Commission.

The filing marks a direct attempt to overhaul the company’s board, unwind recent bylaw changes, and install new leadership at a firm that has seen its share price collapse despite holding one of the largest institutional BNB positions on record.

YZi Labs Moves to Replace BNC Directors After Months of Governance Disputes

The preliminary Schedule 14A, submitted Monday, asks BNC shareholders to approve expanding the board of directors, repealing any amendments made after July, and electing a new slate of directors nominated by YZi Labs.

Source: SEC

The filing includes a white consent card allowing shareholders to formally support or reject the proposals.

If a majority of outstanding shares consent, YZi Labs would gain the ability to restructure the board through written authorization without the need for a shareholder meeting.

YZi Labs, which holds roughly 5% of BNC’s outstanding shares, argued in its statement that the current board has failed to provide timely disclosures, execute on corporate actions, or maintain basic investor communications.

The firm said BNC shareholders “deserve a well-functioning board” and warned that failure to act would lead to “further destruction of shareholder value.”

The consent solicitation follows months of tension between the two sides, documented through repeated requests for information and governance concerns raised by YZi Labs.

The dispute intensified after CEA Industries’ $500 million PIPE financing in August, which funded the company’s transformation into a BNB-focused digital asset treasury.

🚀 @10XCapitalUSA launches $BNB treasury company backed by @YZiLabs targeting US public listing as corporate adoption explodes beyond Bitcoin-only strategies into BNB ecosystem.#BNB #Treasuryhttps://t.co/OaYEWjhoGV

— Cryptonews.com (@cryptonews) July 10, 2025

Shares soared more than 600% in July as the treasury strategy was announced, but the company’s stock has since fallen over 92%, closing recently at around $6.47, even as BNB itself reached a record high above $1,300 in October before retreating to the $820 range.

📌 BNB Hits Second ATH This Month, Crosses $1,300 Barrier

Binance Coin (BNB) surged past $1,300 on October 6, 2025, marking its second all-time high within hours after initially breaking $1,200 earlier in the day, as the token flipped XRP to become the third-largest…

— Cryptonews.com (@cryptonews) October 10, 2025

BNC’s reported net asset value stands at $8.09 per share, pushing the stock’s mNAV multiple down to roughly 0.8×.

Filing Accuses CEA Industries of Operational Lapses and Leadership Conflicts

YZi Labs’ filing lists a range of operational failures, including delays in filing registration documents for an at-the-market offering, a lack of investor updates, and an unfinished investor relations website months after the PIPE.

It also says the company provided no regular reporting on net asset value, BNB yield, or accumulation rates.

The group raised further concerns over branding confusion, with the company switching between “CEA Industries” and “BNB Network Company” without clear guidance to investors.

The filing also cites potential conflicts of interest within the leadership structure. CEO David Namdar, director Hans Thomas, and former 10X Capital executive Russell Read all have ties to 10X Capital, the firm responsible for managing BNC’s digital asset treasury.

According to YZi Labs, Namdar and Thomas took part in discussions promoting other crypto treasury ventures while leading BNC, prompting questions about their focus and independence.

The firm said it repeatedly sought clarity on executive employment terms and management fees but did not receive responses.

Source: CEA Industries

The battle comes as CEA Industries holds one of the world’s largest disclosed BNB treasuries, with approximately 480,000 to 515,000 BNB accumulated at an average cost near $851 per token.

At recent prices, the holdings are valued around $412 million, alongside $77.5 million in cash.

The company has previously stated its goal is to accumulate 1% of BNB’s total supply by the end of 2025.

The names of YZi Labs’ proposed director nominees remain redacted in the preliminary filing. CEA Industries has not yet issued a public response to the consent solicitation.

The post CZ’s YZi Labs in Boardroom Coup Bid for World’s Largest BNB Treasury appeared first on Cryptonews.

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