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Tuesday Dec 2 2025 09:40
2 min
China's six major banks have stopped selling 5-year large deposit certificates, signaling a shift towards shorter maturities. This decision is driven by declining interest rates and banks' desire to reduce exposure to long-term deposits amid weak credit demand.
Coinbase is facing a shareholder lawsuit accusing executives and Marc Andreessen of insider trading based on non-public information. In other news, Vanguard will allow crypto ETF trading, marking a shift from its previous conservative stance.
The FDIC plans to release its first stablecoin regulatory draft under the GENIUS Act this month. Additionally, DeepSeek announced V3.2 release with improvements in reasoning and tool-calling capabilities, while Kalshi tokenized thousands of prediction markets on Solana.
F2Pool data indicates that many older Bitcoin mining machines are now operating at a loss due to increasing network difficulty. However, newer liquid-cooled miners still hold an advantage.
Grayscale predicts that Bitcoin will reach a new all-time high in 2026, questioning the validity of the four-year cycle theory. Strategy is updating its FY2025 profit forecast based on potential Bitcoin prices.
OKX will delist a number of cryptocurrencies from its platform. The Coinbase 50 Index added six new projects. Coinbase will also list Plasma (XPL) for spot trading.
Ethereum spot ETFs saw total net outflows of $79.06 million yesterday. Ethereum's ecosystem network TPS hit an all-time high, largely due to Lighter.
Gleec acquired Komodo's cross-chain DeFi stack for $23.5 million. Bitstack, a French crypto savings platform, raised $15 million in a Series A funding round.
First Digital, a stablecoin company, plans to go public via SPAC merger. BitMine revealed it holds over 3% of ETH supply, totaling $12.1 billion in assets. Strategy established a $1.44 billion USD reserve for dividend purposes. Strategy also purchased another 130 Bitcoin for $11.7 million. Kazakhstan's central bank plans to invest up to $300 million in crypto assets.
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