Author: James Wilson
Bitcoin sank at Asia’s open, triggering leveraged liquidations and a broad crypto selloff as gold rallied and macro uncertainty fueled a sharp, volatile reset. Summary Bitcoin dumped from weekend levels at the Asian open, sparking forced long liquidations and a broad crypto market drawdown. Gold rallied as macro and Fed-policy uncertainty pushed some capital toward traditional safe havens and away from crowded crypto longs. Exchange balances and stablecoin reserves rose, signaling dry powder, but Bitcoin now trades below short-term holders’ cost basis, heightening downside risk. Bitcoin fell sharply at the start of Asian trading on Dec. 1, erasing significant value…
Monad price has retraced after a strong rally, with a recent public dispute over its valuation weakening sentiment. Summary Monad has dropped toward the $0.024 support area after a sharp sell-off. A public dispute between Arthur Hayes and Monad’s CEO over FDV and token structure shifted sentiment during the token’s first trading week. The market is trying to stabilize after an early rally to $0.048, with $0.024 acting as a key support after launch. Monad is trading around $0.0242, down roughly 19% in the past day as traders react to a sharp cooldown and the ongoing argument over the project’s…
South Korea is pushing to finalize a new digital asset act by January, after ruling and opposition lawmakers agreed on a stablecoin framework that had stalled negotiations for months. Summary South Korea’s ruling and opposition parties agreed on a bank-led consortium model for issuing KRW stablecoins. Lawmakers set a Dec. 10 deadline for the government to submit the proposal, with the goal of passing the bill in January. Additional reforms will tighten financial security rules, expand AML oversight, and support capital market transparency. Lawmakers met behind closed doors and settled the core dispute over who can issue won-based stablecoins. According…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The AWS outage is a reminder of how fragile modern digital systems have become when so much depends on a single provider. A fault in a domain name system (DNS) record triggered cascading failures across Amazon Web Services infrastructure, taking down over 14,000 websites and causing more than $1 billion in losses within just two hours, including Coinbase, MetaMask, and Robinhood among the casualties. When the functions came back online, data synchronisation caused a domino effect of…
Upbit will resume digital asset deposits and withdrawals on December 1 at 1:00 PM KST following a $37 million hack that targeted Solana-based assets. The South Korean exchange announced that all existing deposit addresses have been deleted, and users must issue new addresses before depositing funds. The security breach occurred on November 27, 2025, when hackers stole approximately 44.5 billion KRW ($30-36 million USD) from Upbit’s hot wallets. Unlike the 2019 attack which focused on Ethereum (ETH), the latest incident targeted Solana ecosystem tokens including Solana (SOL), USDC, and Bonk (BONK). North Korea’s Lazarus Group is suspected of planning the…
North Korea has spent nearly 30 years developing artificial intelligence capabilities that could accelerate crypto theft operations, according to a report from South Korea’s Institute for National Security Strategy. Summary INSS says North Korea is using banned NVIDIA GPUs to accelerate AI-driven cybercrime. AI tools in facial recognition and voice synthesis may boost industrial-scale crypto theft. Crypto hacks hit $172.5M in November, with code flaws causing most of the losses. Researchers discovered Pyongyang is using banned NVIDIA GeForce RTX 2700 graphics cards to power AI research focused on pattern recognition, speech processing, and data optimization. The findings come as crypto…
Switzerland will adopt the crypto-asset reporting framework in law from 2025 but delay automatic cross-border crypto tax data-sharing until at least 2027. Summary Swiss authorities will incorporate the crypto-asset reporting framework into national law on January 1 but postpone practical implementation by at least one year. The delay stems from suspended talks on which partner states will receive Swiss crypto account data, even as 75 countries commit to rolling out the framework. The U.S. is considering joining via an IRS proposal, while non-signatories such as Argentina, El Salvador, Vietnam and India remain outside the agreement. Switzerland has postponed the implementation…
BNB tops LunarCrush AltRank as social activity and ETF buzz rise, even while whale demand stays weak and macro pressures keep prices at discounted levels. Summary Bnb ranks first on LunarCrush AltRank, combining strong social metrics with relative outperformance versus bitcoin despite recent bearish moves. Whale demand remains subdued and broader spot markets look weak, but technicals show accumulation at recent lows and traders see prices as discounted. VanEck’s proposed Bnb spot etf and CZ’s public nod have boosted social chatter, with analysts watching if macro conditions allow any sustained price recovery. BNB, the native cryptocurrency of Binance Smart Chain, has…
Arthur Hayes warned that Tether is running a risky interest rate trade that could threaten USDT solvency if markets move against the stablecoin issuer. Summary Arthur Hayes says a 30% drop in Tether’s BTC and gold could erase its equity. Hayes argues the company’s interest-rate strategy may strain USDT solvency. Tether shuts Uruguay mining as reserves hit $181B dominated by U.S. Treasuries. The BitMEX co-founder analyzed Tether’s latest attestation report and noted that a 30% decline in the company’s Bitcoin and gold holdings would wipe out equity. The stablecoin issuer holds $9.86 billion in Bitcoin and $12.92 billion in precious…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The world’s central banks have embarked on a central bank digital currency, or CBDC, revolution — but midway through 2025, the results are mixed. Virtually every major economy is exploring CBDCs, rising from 35 countries in 2020 to 134 countries representing 98% of global GDP. Summary Retail CBDCs are stalling while wholesale CBDCs advance: Retail projects show minimal adoption due to redundancy with private payment apps and restrained design choices, while wholesale CBDCs see accelerating pilots with…