👁️ Worldcoin Halted Again, Quantum Tech Sparks Renewed Concerns

Good afternoon,

Crypto markets remain calm as Bitcoin and Ethereum trade sideways, with a $2 billion options setup suggesting a quiet Thanksgiving holiday range. Meanwhile, Thailand cracks down on World (previously Worldcoin), ordering the deletion of more than one million biometric records. And in Saudi Arabia, the installation of its first quantum computer is raising renewed questions about the future of blockchain security.

Dive into the rest of today’s news below! 👇

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News Roundup

Decentralized, Centralized, & Traditional Finance

• JPMorgan Closes ShapeShift Executive’s Bank Accounts Amid Crypto Debanking Concerns (The Block)

• USDT0 Crosses $50B in Transfers, Becomes Fastest-Growing Omnichain Stablecoin (The Block)

• USDe TVL Halves as Yield Compression Unwinds Leverage (The Block)

• Edel Finance Accused of Coordinated Token Sniping Amid 62% Price Drop (Cointelegraph)

• BIS Names IMF Digital Money Strategist as Innovation Hub Chief to Steer CBDC Future (Cointelegraph)

• South Korea’s KakaoBank Begins Development of Won-Pegged Stablecoin (The Block)

• Binance Signs MoU with Ho Chi Minh City to Support Vietnam’s International Financial Center (Tech in Asia)

• Binance Wallet Debuts Tokenized Stock Trading with Zero Minimum Transaction Fee (Binance Wallet)

• Treehouse Launches Token Buyback Plan as Deposits Hit $294M (DL News)

• Bolivia Reverses Crypto Ban, Moves to Integrate Stablecoins Into Financial System (Crypto Briefing)

• South Korea Nears Approval of Tokenized Stocks, Boosting Hopes for Bitcoin ETFs (DL News)

• S&P Cuts Tether Stability Score to Lowest Level, Cites Bitcoin Risk and Reserve Gaps (The Block)

Exchanges

• MEXC Launches AI Tools to Level the Trading Field for Retail Investors (CoinDesk)

• Coinbase Ventures Targets RWA Perpetuals, Onchain Credit, and AI-Driven DeFi for 2026 (Coinbase)

• Robinhood to Launch Derivatives Exchange in 2026 to Expand Prediction Market Reach (The Block)

• Upbit to List PLUME/KRW Pair as Token Surges Nearly 76% (Upbit)

• Robinhood Buys LedgerX to Further Prediction Markets Push (CoinDesk)

• Binance Unveils 'Prestige' Service for Institutions and Ultra-Wealthy Clients (Binance)

• Bithumb to End Tether Order Book Sharing Following Regulatory Pressure (DL News)

Exchange-Traded Funds

• BlackRock Deposits 4,471 Bitcoin to Coinbase Prime Amid ETF Redemptions (Crypto Briefing)

• Ark Invest Continues to Snap Up Block, Circle, Coinbase as Crypto Stocks Slide (The Block)

• U.S. Bitcoin spot ETFs saw $129 million in net inflows on Nov. 25.

• On Nov. 25, U.S. Ethereum and Solana spot ETFs recorded $78.58 million and $53.08 million in inflows, respectively.

• U.S. XRP spot ETFs posted $35.41 million in net inflows on Nov. 25.

• Bitwise Launches Dogecoin ETF (BWOW) on NYSE, Citing Community Demand (Bitwise)

• Grayscale Files to Convert Zcash Trust to Spot ETF Amid ZEC Surge (The Defiant)

Infrastructure

• SKALE to Launch AI-Focused Layer 3 Blockchain on Coinbase's Base (The Block)

• Vitalik Buterin Proposes 5x Gas Limit Hike Paired with 5x Cost Increase for Heavy Ops (Vitalik Buterin)

• Avail Launches Nexus Mainnet to Unify Blockchain Liquidity (The Block)

• DWF Labs Launches $75M DeFi Fund Targeting Institutional-Grade Infrastructure (The Block)

• SpaceComputer Raises $10M to Launch Blockchain Compute Satellites (The Defiant)

Markets

• Bitcoin Holds Below $88K as $14B Options Expiry Looms (Cointelegraph)

• Trump-Linked WLFI Escalates Buybacks to Buoy Token After 50% Drop (Cointelegraph)

• Polygon Co-Founder Weighs Reviving MATIC Ticker Amid Retail Confusion Over POL (Cointelegraph)

• Spoofed Transfers Hit Monad Days After MON Token Launch (Decrypt)

• Hyperliquid’s HIP-3 Custom Markets Go Live, Surpass $500M in Daily Volume (Hyperliquid)

• Bitcoin Steadies at $87K, but Analysts See Limited Upside Through Year-End (DL News)

• Altcoins WLFI, ENA, and HYPE Surge as Investors Rotate Selectively from Bitcoin (Decrypt)

• U.S. Jobless Claims Drop to 216K, Beating 225K Expectations and Hitting 7-Month Low (DOL)

• Bitcoin, Ethereum Flat as $2B Options Bet Signals Holiday Range-Bound Trade (Decrypt)

Mining

• CleanSpark Doubles Revenue to $766M in FY2025, Eyes AI Data Center Growth (The Block)

• Hive Eyes $300M Stock Sales After Record Quarter, Expands AI Data Center Plans (The Block)

Politics & Regulation

• CFTC's Pham Launches CEO Innovation Council to Guide Crypto Regulation (The Block)

• Spain Proposes Stricter Crypto Tax Laws, Sparking Backlash (Criptonoticias)

• UK Trials Crypto Disclosure Templates as FCA Embraces Real-World Input for 2026 Rulebook (Cointelegraph)

• South Africa Labels Crypto and Stablecoins as Rising Threats to Financial Stability (Bloomberg)

• SEC Advisory Committee to Explore Equity Tokenization, AI Disclosures at Dec. 4 Meeting (SEC)

• U.S. Congress Introduces Bipartisan Bill to Penalize AI-Driven Fraud with Up to 30 Years in Prison (Decrypt)

• Thailand Orders World (previously Worldcoin) to Delete 1.2 Million Iris Scans, Halts Operations Over Data Law Breach (DL News)

• UK FCA Invites Stablecoin Firms to Join Sandbox and Shape Regulation (DL News)

Treasuries

• Bitcoin Slump Brings Strategy’s BTC Bet to the Brink, but Real Reckoning Looms in 2027 (CoinDesk)

• Strategy Debuts Credit Dashboard to Quell Debt Concerns Post-Bitcoin Crash (Cointelegraph)

• Upexi Prices $23M Private Offering Amid $200M Drop in Solana Treasury Value (The Block)

• DDC Stock Soars 22% After Buying 100 BTC During Market Dip (CoinDesk)

• ALT5 Sigma Faces Internal Chaos, Regulatory Scrutiny, and Money Laundering Conviction (The Block)

Venture Capital

• Berachain CEO Disputes Reported Terms of $25M Investor Refund Clause (The Defiant)

Other News

• Saudi Arabia Installs First Quantum Computer, Stirring Blockchain Security Concerns (Decrypt)

• Why Bitcoin’s Death Cross Matters in the Current Market (Cointelegraph)

• Bitcoin Depot Challenges $18.5M Arbitration Award as Subsidiary Faces Dual Legal Battles (Decrypt)

• Cosmos Proposes Overhaul of ATOM Tokenomics with Focus on Fees and Ecosystem Utility (Cosmos)

• DevConnect 2025 Showcases Ethereum’s Pivot to Privacy, Security, and Real-World Adoption (The Defiant)

• Trevor Koverko’s Journey From NHL Hopeful to Crypto and AI Pioneer (Cointelegraph)

Check This Out!

According to Coinglass, none of the 30 bull-market peak indicators have triggered, with average progress at just 43.5%. Key metrics point to Bitcoin still being in the mid-phase of its cycle rather than near a market top.

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