Crypto
ETF
Fidelity pitches spot Bitcoin ETF model to SEC as regulatory talks advance
Advanced SEC discussions with asset managers concerning spot Bitcoin ETF applications boost optimism surrounding approval odds.
CBDCs
Republic of Palau reports high satisfaction in Ripple-based CBDC pilot
Despite minor hiccups, initial research shows promise for the island nation's Ripple-powered CBDC program.
Regulation
Binance reevaluates MENA strategy, retracts Abu Dhabi fund management bid
Binance's Abu Dhabi retreat signals strategic realignment in the face of evolving global regulations.
Regulation
Solana’s Saga smartphone sales dramatically underperform despite positive reviews
Solana's Saga struggles in sales but doesn't fall short on user satisfaction, says Anatoly Yakovenko.
Exchanges
Binance CEO Richard Teng refuses to reveal location of company HQ
As Binance navigates unprecedented scrutiny, its CEO remains tight-lipped on the location of its headquarters.
Regulation
Hong Kong regulator blocks crypto websites over illegal token offerings and false claims
Amidst heightened surveillance, SFC obstructs HongKongDAO and BitCuped for regulatory infractions.
Metaverse
ARAX Holdings acquires 20% stake in the Nemesis’ blockchain-based metaverse
The Nemesis will deploy on Core Blockchain, a platform from ARAX's recently acquired subsidiary Core Business Holdings.
Regulation
Spotlight on AI, digital assets at House subcommittee hearing
Members of the SEC, the Federal Reserve, and other agencies testified before the House Subcommittee on Digital Assets, Financial Technology, and Inclusion on Dec. 5 while legislation continues to languish.
ETF
Bitwise, BlackRock update filings in push for first U.S. spot Bitcoin ETF
Markets eagerly await the SEC’s signal as major asset managers adjust spot Bitcoin ETF proposals.
Taxes
IRS targets tax crimes in crypto crackdown
IRS-CI reports a pivot to tackling cryptocurrency tax violations as among the unit's primary investigation focus.
Regulation
Terraform Labs cites SEC’s alleged misrepresentations in DEBT box case in its own bid for summary judgment
A judge has threatened to sanction the SEC over its actions toward DEBT Box. Terra says that this development supports its request for summary judgment.
Hacks
KyberSwap commits to covering user losses from recent exploit
KyberSwap has announced a grant program to alleviate losses from its $48 million liquidity pool hack.