SpaceX transferred 1,163 Bitcoin, valued at about $105 million, to a Coinbase Prime-linked wallet, marking another significant on-chain movement from the aerospace company’s treasury.
SpaceX transferred 1,163 Bitcoin (BTC) worth approximately $105 million to a new digital wallet in the early Asian trading hours on November 27.Blockchain data providers indicate the receiving address is likely tied to Coinbase Prime, an institutional custody solution. This transaction continues a pattern of major on-chain activity, following a similar move of 1,215 BTC in October.
The transfer reduces SpaceX’s on-chain holdings to 6,095 BTC.The wallet had been dormant for three years until July 2025, and the current balance is down from a peak of around 25,000 BTC in 2022.The firm has not issued a public statement, leaving the exact motive for the recent transfers unconfirmed by the company.
Market analysts broadly view these transactions as an internal custody reorganization, potentially for enhanced security or asset consolidation, rather than a liquidation. Both the new receiving wallets from the recent transfers show no immediate outgoing movements or exchange interactions. Meanwhile, another Elon Musk-owned company, Tesla, maintains a significant treasury position of 11,509 BTC.
South Korean tech giant Naver and Upbit operator Dunamu plan to invest 10 trillion Korean won ($6.8 billion) over five years to build a next-generation financial infrastructure leveraging AI and blockchain technology.
South Korean internet and fintech conglomerate Naver and Dunamu, the parent company of the nation’s largest crypto exchange Upbit, have announced a plan to invest 10 trillion Korean won ($6.8 billion) into advanced financial infrastructure. The five-year investment is slated to focus on combining artificial intelligence (AI) and blockchain technology. This commitment follows Naver Financial’s official confirmation of its acquisition of Dunamu through a share-swap transaction.
The joint venture aims to establish a new global framework encompassing financial services, payments, and settlements. Executives from both companies cited the critical juncture between the popularization of blockchain and the transition to agentic AI as the impetus for the substantial investment. The merger integrates Naver’s AI and commerce capabilities with Naver Financial’s payment systems and Dunamu’s digital asset and blockchain ecosystem.
The newly merged entities also confirmed they will prioritize the development of a Korean won-pegged stablecoin. This initiative aligns with broader national efforts, supported by South Korean President Lee Jae Myung, to establish a domestic stablecoin market and protect monetary sovereignty. Competitor IT giant Kakao has also advanced its own won-backed stablecoin initiative, although regulatory groundwork remains complicated by the Bank of Korea’s stance on issuer eligibility.
Ethereum co-founder Vitalik Buterin has contributed approximately $760,000 in Ether to two decentralized messaging applications, Session and SimpleX Chat.
Ethereum co-founder Vitalik Buterin has disclosed a significant financial contribution to two projects centered on advanced digital privacy. Buterin donated 128 ETH to both the decentralized messaging app Session and the privacy-focused SimpleX Chat, totaling an approximately $760,000 allocation in Ether. He framed the donation as support for the “next steps” in secure digital communication, prioritizing permissionless account creation and robust metadata protection over traditional, identifier-reliant services.
The funds are directed toward applications that aim to eliminate centralized servers and traditional user identifiers, such as phone numbers, which are typically utilized by legacy encrypted messengers. Buterin noted the complexities involved in achieving both metadata privacy and user experience in decentralized multi-device environments. This institutional endorsement highlights the technical challenges in building resilient, private communication tools against a backdrop of increasing regulatory pressures, such as the European Union’s previously debated Chat Control measures.
The move signals the continuing alignment of core crypto figures with decentralized solutions that enhance user autonomy and security. As development teams face technological hurdles, Buterin’s financial and public support aims to draw more attention and resources to these mission-critical challenges.
EU regulators granted Securitize approval to operate a digital securities platform, making it the only firm licensed in both the U.S. and EU. The company will launch its first tokenized issuances on Avalanche in early 2026.
Securitize received full regulatory approval from European authorities to operate as an Investment Firm and as a Trading and Settlement System, enabling it to run fully regulated digital securities infrastructure across the European Union. The company is now the only entity licensed to operate digital securities platforms in both the United States and the EU, providing institutional issuers and investors with unified access to two major capital markets.
The firm selected Avalanche as the blockchain for its European trading and settlement system, citing the network’s performance, predictability and suitability for regulated tokenized markets. Avalanche’s sub-second finality and customizable architecture allow institutions to build compliant structures for onchain issuance, lifecycle management and settlement. The approval follows coordination with multiple EU regulators, including the CNMV, ESMA, the Bank of Spain and the European Central Bank.
Securitize plans its first EU tokenized issuance on Avalanche in early 2026. The regulatory framework enables the company to integrate trading, custody and transfer-agent functions within a single digital model, strengthening the broader trend toward institutional-grade tokenization and expanding the role of blockchain infrastructure in traditional capital markets.
Bolivia’s government announced plans to integrate cryptocurrencies and stablecoins into the formal financial system, allowing banks to offer crypto-based services.
Bolivia’s Economy Minister Jose Gabriel Espinoza announced the government’s intention to integrate crypto assets and stablecoins into the nation’s formal financial system. This move will allow domestic banks to custody digital assets on behalf of clients, enabling their use for products such as savings accounts, credit, and loans. This policy reversal comes after the country’s central bank lifted a long-standing ban on virtual assets in 2024.
The decision is driven by the country’s need to stabilize its economy against persistent high inflation and shortages of the US dollar. Espinoza noted that since crypto cannot be globally controlled, it must be strategically recognized and used to the country’s advantage. High inflation rates, which averaged above 22% in the 12 months to October, have already prompted some Bolivian businesses and residents to adopt dollar-pegged stablecoins like USDT as a medium of exchange and a store of value.
This policy places Bolivia in a growing group of nations in Latin America and emerging markets that are turning to digital assets to bypass local currency controls and overcome dollar scarcity.
PayPal has initiated a major Bitcoin sweepstakes offering over $1 million in prizes to US customers, aiming to incentivize platform engagement and drive crypto transaction volume.
PayPal has announced a significant promotional initiative, rolling out a crypto sweepstakes that allocates a total prize pool valued at approximately $1.386 million in Bitcoin. The weekly draws, set to run until late December, will distribute prizes among 1,008 winners, including a top award of $100,000 in BTC. This program is exclusively available to customers based in the United States and is designed as a direct mechanism to spur user activity on the platform.
The sweepstakes marks the first large-scale crypto giveaway launched by PayPal, signaling a competitive push to bolster its standing against established crypto-native exchanges like Coinbase and Binance. By tying the prize mechanism to transaction volume, PayPal aims to convert passive users into active traders and increase its revenue from crypto execution fees.
The focus on US customers aligns with the current legal and operational constraints of running such promotions, though it excludes the company’s vast international user base from participating. Furthermore, all US winners will be responsible for disclosing the fair market value of their prizes to the Internal Revenue Service (IRS).
Naver Financial has announced a definitive plan to acquire Dunamu, the operator of the Upbit crypto exchange, in an all-stock transaction valued at approximately 15.1 trillion won ($10.3 billion).
Naver Financial, the financial services arm of Naver, announced its intention to acquire Dunamu, the operator of the largest cryptocurrency exchange in South Korea, Upbit. The definitive agreement, structured as an all-stock swap, is valued at approximately 15.1 trillion won, or $10.3 billion.
Naver Financial plans to issue $87.56 million in new shares to Dunamu shareholders, thereby making Dunamu a wholly owned subsidiary. The exchange ratio was determined using an external discounted cash-flow valuation, resulting in a final share exchange price ratio of $1:2.5422618$.
The transaction is contingent upon shareholder approval at general meetings scheduled for May 22, 2026, with the stock exchange set for June 30, 2026. Shareholders opposing the deal have appraisal rights, though the agreement specifies a termination clause if appraisal demands exceed $814 million at either company. Furthermore, the merger requires multiple regulatory clearances, including a business combination review by the Fair Trade Commission and compliance with financial information protection acts, highlighting potential remaining hurdles.
The plan proposed by Sumar also seeks to classify all cryptocurrencies as seizable assets and require the introduction of a visual “risk traffic light” warning system for investors.
The left-wing Spanish political alliance Sumar is pushing for a significant tax increase on crypto profits. Critics called it an “attack against Bitcoin.”
Sumar has submitted amendments to overhaul three key tax laws: the General Tax Law, the Income Tax Law, and the Inheritance and Gift Tax Law.
The proposal aims to move cryptocurrency gains from the existing “savings rate” bracket to the “general income tax” bracket. This shift would raise the top tax rate on crypto profits from the current 30% to a maximum of 47%.
Apart from this, the plan sets a flat 30% tax rate for corporate entities holding cryptocurrencies.
The political platform also includes several controversial regulatory and legal measures. The proposal mandates the National Securities Market Commission (CNMV) to establish a “risk traffic light” system. It presupposes that a visual warning will be displayed on cryptocurrency investor platforms.
Another element seeks to classify all cryptocurrencies as attachable assets eligible for seizure. A legal expert, Cris Carrascosa, pointed out the difficulty of enforcing this, particularly for tokens like Tether’s USDT, which cannot be held by regulated custodians under the EU’s MiCA regulation.
Sumar currently holds 26 seats in Spain’s Congress of Deputies.
Solana (SOL) is showing resilience near the $140 mark, driven by exceptional institutional demand for its ETFs, even as the broader crypto market faces downward pressure.
Trading at approximately $136, Solana (SOL) has managed a 0.55% gain over the last 24 hours, positioning itself near the top of its recent trading channel, which ranges from $124.09 to $144.01. However, the token remains heavily discounted, down 31% over the past month and sitting more than 50% below its all-time high of $293 recorded in January.
Solana ETFs recorded a net inflow of $53.08 million on November 25 alone. Bitwise’s BSOL led the charge with a $30.9 million intake, followed by Grayscale’s GSOL ($15.9 million), Fidelity’s FSOL ($4.8 million), and VanEck’s VSOL ($1.33 million).
This strong demand marks the 21st consecutive day of positive inflows for Solana ETFs, which is the longest uninterrupted run seen by any major cryptocurrency ETF this year.
Total cumulative inflows have now soared to $621 million, showcasing a clear institutional preference for SOL, in stark contrast to the persistent outflows observed in both Bitcoin and Ethereum-based products.
Meanwhile, the institutional momentum surrounding Solana ETFs appears set for a significant acceleration. On November 25, investment giant Franklin Templeton filed Form 8-A with the Securities and Exchange Commission (SEC) to formally register the Franklin Solana ETF. This filing represents the crucial final procedural hurdle before the product can begin trading.
Market observers anticipate a swift listing, with the Franklin Solana ETF potentially launching on the NYSE Arca as early as today, November 26.
This concern cited by the South African Reserve Bank is driven by the growing user base and the borderless nature of digital assets, which can be used to bypass Exchange Control Regulations.
The South African Reserve Bank (SARB) has issued a warning regarding digital assets and stablecoins and identified them as a new and growing risk to the nation’s financial stability. At the same time, the warning, contained in the central bank’s second financial stability report for 2025, highlights a significant increase in local adoption.
According to the revealed data, the three largest local crypto exchanges had a combined 7.8 million users as of July, with approximately $1.5 billion held in custody at the end of 2024. The SARB specifically cited the borderless nature of these assets as a concern, noting that they could be used to “circumvent the provisions of the Exchange Control Regulations,” which govern fund inflows and outflows.
Furthermore, the central bank pointed to a “structural shift” in the market, with USD-pegged stablecoins now being the preferred trading instrument over traditional crypto assets like Bitcoin and Ethereum. This shift is attributed to the notably lower price volatility of stablecoins. The SARB concluded that until an appropriate regulatory framework is established, the risks related to these types of assets present a threat to the financial system.
The Filecoin (FIL) token rose 2% after clearing the $1.63 resistance level, with trading volume surging 135% above its 24-hour average, signaling renewed momentum in the layer-1 ecosystem.
The token for the decentralized storage network Filecoin surged approximately 2% in the past 24 hours, passing the $1.63 resistance level, while trading volume reached about 6.85 million tokens – roughly 135% higher than its 24-hour average of 3.51 million. This breakout occurred amid the heaviest three-day volume for FIL.
In the broader market context, FIL’s move coincides with strength in crypto markets overall, as altcoins gained and investor interest increased in layer-1 assets. The breakout above key resistance suggests renewed momentum in Filecoin’s ecosystem, where network effects and liquidity repositioning may play a role.
For market participants, the breakout holds significance as it may attract fresh liquidity into FIL and signal shifting sentiment toward storage-oriented Web3 protocols. Clearing long-standing resistance can enable improved price structure, enhanced adoption signals and potential acceleration of network activity – all of which are relevant for investors and observers of the layer-1 landscape.