Archives - December 2025

A Coinbase executive warned that restricting interest on US-issued stablecoins could weaken US competitiveness as China prepares to allow interest on its digital yuan.

Uganda opposition leader Bobi Wine has urged supporters to adopt decentralized messaging app Bitchat amid concerns the government may restrict internet access ahead of the 2026 election.

Bitwise has filed with the US SEC to launch 11 single-token strategy crypto ETFs, targeting major altcoins and expanding regulated access beyond Bitcoin and Ether.

Strategy capped an unusually active year of Bitcoin accumulation with a comparatively small December purchase, lifting its total holdings to nearly 673,000 BTC.

Japan is moving closer to a flat 20% crypto tax rate under its 2026 reform plan, though the lower levy will apply only to assets deemed “specified” under new regulatory rules.

A proposed California wealth tax targeting billionaires has drawn criticism from crypto founders and investors, who warn it could accelerate capital flight and undermine innovation.

Bitcoin lagged broader markets during the year-end Santa rally, as equities and precious metals climbed to record highs while crypto traders reduced risk amid thin holiday liquidity.

Crypto-related equities posted sharply mixed results in 2025, with miners and trading platforms outperforming broader markets while treasury-driven strategies lagged amid weaker token prices.

Crypto industry mergers and acquisitions hit a record $8.6 billion in 2025, driven by large strategic deals and a more supportive regulatory backdrop.

Hong Kong regulators have finalized licensing rules for crypto trading and custody providers, aligning oversight more closely with traditional securities regulation while launching a new consultation on advisory and asset management services.

HashKey Capital has raised $250 million in commitments for the first close of its fourth crypto-focused fund, citing sustained institutional interest despite tightening liquidity and volatile market conditions.

Brett Harrison has raised $35 million for Architect Financial Technologies as the firm builds a regulated perpetual futures exchange focused on traditional financial assets outside the US.

Crypto.com is hiring an internal market-making team for its prediction markets, saying the move is fully disclosed to regulators and designed to improve liquidity without giving the exchange a trading advantage over customers.

Coinbase has agreed to acquire on-chain prediction markets startup The Clearing Company as it expands beyond crypto trading into event-based financial products.

A bipartisan group of US House lawmakers is urging the IRS to reassess how crypto staking rewards are taxed, citing concerns over double taxation and market participation.