American Bitcoin's stock closed down 38.83% at $2.19 on Tuesday after pre-merger private placement shares became tradable. Co-founder Eric Trump said the volatility was expected as early investors could sell for the first time, and confirmed he would not sell his personal holdings. The decline came despite strong third-quarter results showing revenue of $64.2 million and net income of $3.5 million.

Ethereum activated the Fusaka hard fork on December 3, 2025, at 21:49 UTC, deploying Peer Data Availability Sampling (PeerDAS) to enhance network scalability. The upgrade enables up to 8x data throughput for Layer 2 rollups. Transaction fees on Layer 2 platforms are projected to decrease by 40–60%.

The United Kingdom enacted the Property (Digital Assets etc.) Act 2025 on Tuesday, creating a third category of property under UK law for digital assets including bitcoin and stablecoins. The legislation, which passed both parliamentary chambers without amendments, provides legal clarity for ownership disputes, asset recovery, and insolvency proceedings involving digital holdings.

The Property (Digital Assets etc) Act 2025 received royal assent on December 2, 2025, establishing cryptocurrencies, NFTs, and carbon credits as a distinct category of personal property under English and Welsh law, according to an announcement by Lord Speaker John McFall. The legislation implements Law Commission recommendations from June 2023. Asset owners gain clearer recovery rights for stolen holdings, while courts can now apply traditional property law principles to digital assets.

The Securities and Exchange Commission has formally rejected multiple applications for 3x and 5x leveraged exchange-traded funds, citing violations of the 200% Value-at-Risk limit under Rule 18f-4. The regulator notified issuers on December 2, 2025, requesting they revise their strategies to comply with federal leverage restrictions or withdraw their filings. Rule 18f-4 of the Investment Company Act of 1940 caps leveraged ETF exposure at 2x under standard conditions, effectively barring ultra-leveraged products from registration.

Ethereum's Fusaka upgrade activates on December 3, introducing EIP-7594 (PeerDAS) to enhance rollup data verification and reduce bandwidth requirements. Open Interest stands above $17 billion with slightly positive Funding Rates, though ETH trades near $3,000 following a 43% decline. Network throughput recently hit an all-time high of nearly 33,000 TPS.

American Bitcoin shares fell 38.83% on Tuesday after restrictions lifted on shares issued in a pre-merger private placement. The stock declined nearly 50% in early trading before closing at $2.19. Co-founder Eric Trump said early investors were taking profits and confirmed he would not sell his holdings.

The United Kingdom enacted legislation formally recognizing cryptocurrencies as personal property. The Property Digital Assets Act establishes statutory guidelines for ownership disputes and asset recovery in digital holdings. The framework addresses classification gaps as crypto adoption reaches 12% of UK adults.