Binance Users Rejoice as PayPay Launches
@SoftBank’s PayPay integrates with Binance Japan, enabling users to buy crypto using PayPay Money, with deposits starting at $6.50. Withdrawals capped at $12,760 monthly. #Update #Crypto $BTC
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Ethereum Launches Decentralized Private L2 Mainnet
@AztecNetwork launched its mainnet with partial functionality, allowing staking of 107.2 million AZTEC tokens. The ongoing token sale has raised $2.77 million from 2,209 bidders. #Update #Crypto $AZTEC
Bitcoin Crashes 15% Amid Big Tech Fears
Bitcoin price fell as major US equities declined due to a tech-led sell-off and investor concerns over AI spending and Federal Reserve policy changes. #Update #Crypto $BTC
SEC Hosts Financial Surveillance Roundtable in December
The SEC will host a roundtable on privacy and financial surveillance in December, reflecting heightened concerns from crypto executives and civil liberties advocates. #Update #Crypto
Kalshi Valuation Soars to $11B After $1B Funding
@Kalshi has raised an additional $1 billion, increasing its valuation to $11 billion, led by Sequoia Capital and CapitalG. This follows a previous $300 million round in October. #Update #Crypto
Ethereum Launches ETH-Backed Loans Amid $1.25B Lending Surge
@Coinbase has launched Ether-backed loans for US users, allowing borrowing up to $1 million in USDC against ETH holdings. The product is available in most states except New York. #Update #Crypto $ETH
Bitcoin Slumps to $86K Discount Zone
@Bitwise analyst André Dragosch identifies Bitcoin’s “max pain” zone between $84K and $73K, with significant ETF outflows signaling liquidity concerns. #Update #Crypto $BTC
USDT Adoption Soars as Tether Backs Parfin
Tether has invested in @Parfin to enhance USDT’s institutional use in Latin America, aiming for on-chain settlements and cross-border payments. Tether’s market cap is $183.73B. #Update #Crypto $USDT
Bitcoin Sentences Cement DOJ’s Crypto Mixer Theory
@SamouraiWallet co-founders were sentenced to four and five years in prison for operating an unlicensed money-transmitting business, marking a significant legal precedent for crypto privacy. #Update #Legal $BTC
Bitcoin Audit Reveals Zero Serious Flaws
Bitcoin Core successfully completed its first third-party security audit, revealing no high- or medium-severity vulnerabilities and only two low-severity issues, affirming its codebase maturity. #Update #Crypto $BTC
Crypto Stocks Slide as ARK Invests in Circle
@CathieWood’s ARK Invest acquired over $39 million in shares of Bullish, Circle, and BitMine as crypto stocks declined, indicating strong conviction amid market weakness. #Update #Crypto
XRP ETF Launch Sparks Community Ticker Debate
@BitwiseAssetManagement’s new spot ETF tracking $XRP launches Thursday on the NYSE, raising community concerns over ticker confusion. Bitwise previously launched a physical XRP ETP in Europe. #Update #Crypto $XRP
Bitcoin-Backed Loans Launch for Institutions
@Anchorage is integrating Mezo’s BitcoinFi tools into its custody platform, enabling institutions to borrow against $BTC in a compliant manner. #Update #Crypto $BTC
CFTC Chair Nominee Addresses DeFi Regulation
Michael Selig expressed support for regulatory oversight in digital asset markets during his nomination hearing as the sole commissioner of the Commodity Futures Trading Commission (CFTC). #Update #Crypto