Bitcoin has reclaimed the $90,000 level following an intraday surge that reversed recent declines. The rally was accompanied by over $147 million in short position liquidations, data show. The cryptocurrency had dropped to the mid-$87,000 range in the prior 48 hours before buyers drove prices more than 3% higher.

Crypto venture capital funding totaled $14.54 billion in November 2025, up 219% from October, with Naver's $10.3 billion all-stock acquisition of Dunamu accounting for most of the increase, data show. Deal volume dropped 28% to 57 transactions. Excluding the Naver-Dunamu transaction, DeFi captured 30.4% of deals and CeFi 12.5%, with Kalshi raising $1 billion and Ripple securing $500 million at a $40 billion valuation.

Polish President Karol Nawrocki vetoed the Crypto-Asset Market Act on December 1, 2025, citing threats to property rights and personal freedoms. The rejected legislation would have imposed comprehensive regulatory controls over Poland's digital asset sector, including website-blocking authority. Government officials criticized the decision, while crypto advocates argued existing EU frameworks provide sufficient investor protections.

Circle has partnered with OpenMind to implement the x402 payment protocol for autonomous machine transactions using USDC stablecoin. The collaboration will integrate USDC into OpenMind's robotics and AI platform for microtransactions between AI agents. OpenMind secured $20M in funding led by Pantera Capital in August 2025, with the project currently in early development stages.

Ethereum's Fusaka upgrade activates Dec. 3 at 21:49 UTC, implementing PeerDAS data-availability sampling and raising the default block gas limit to 60 million. The fork prepares infrastructure for blob-capacity expansions through parameter adjustments scheduled for Dec. 9 and Jan. 7. The upgrade targets higher rollup throughput and tighter blob fee markets without altering consensus-layer staking structures.

Large XRP wallets holding 100 million tokens or more declined by 20.6% over eight weeks, with 569 fewer addresses recorded by December 1, data show. Remaining top-tier holders increased their collective holdings to 48 billion XRP, marking a seven-year high for concentrated ownership on the ledger. The pattern suggests consolidation among major holders rather than distribution.

Goldman Sachs has agreed to acquire Innovator Capital Management for $2 billion, adding $28 billion in assets under supervision and 159 ETFs to its platform. The transaction is expected to close in the second quarter of 2026. The deal will position Goldman Sachs among the top 10 global ETF providers and expand its cryptocurrency ETF holdings.

Strategy Inc. has accumulated 650,000 BTC after purchasing 130 coins at approximately $89,960 each, while establishing a $1.44 billion cash reserve to cover preferred stock dividends and debt obligations. The company's market capitalization stands at roughly $45 billion, about $10 billion below the $55 billion market value of its bitcoin holdings. The firm's stock has fallen 57% since October 6, raising questions about the sustainability of its acquisition strategy under current market conditions.