The United Kingdom officially recognized cryptocurrencies and digital assets as personal property on December 2, 2025, when King Charles granted royal assent to the Property (Digital Assets, etc.) Bill. This legislative milestone establishes a distinct legal framework for digital holdings, enhancing ownership rights and investor protections across the UK market.

Bitcoin climbed nearly 7% in a single trading session, pushing its market capitalization above $1.86 trillion. The rally followed the Federal Reserve's decision to end its quantitative tightening program, which had removed approximately $2.4 trillion from the financial system since mid-2022. Major institutions including Vanguard and Bank of America have introduced crypto-friendly policies, with Vanguard announcing on December 2 it will permit trading of crypto-focused ETFs across Bitcoin, Ethereum, XRP, and Solana.

BlackRock's iShares Bitcoin Trust ETF generated $3.7 billion in trading volume, exceeding Vanguard's S&P 500 ETF at $3.28 billion. Bitcoin price increased approximately 7% within 24 hours, reaching $93,040. Mining stocks declined despite the broader market recovery, with hash price falling to roughly $39 per PH/s.

Huione Pay, a payment subsidiary of Huione Group, suspended all withdrawal operations in Cambodia on December 1, 2025. The halt follows liquidity challenges and intensified regulatory scrutiny from U.S. authorities targeting alleged money laundering activities, according to a FinCEN representative. Tether's USDT trades at $1.00 with a market cap of $184.74 billion.

The United Kingdom has enacted legislation formally classifying cryptocurrencies and stablecoins as personal property. The Property (Digital Assets etc) Bill received royal assent this week, establishing legal ownership rights for digital asset holders equivalent to those for traditional property.

Bitcoin climbed back above $93,000 during Wednesday morning trading in Asia, less than 48 hours after dropping to $84,000. The cryptocurrency has recouped all losses from the recent decline and reached a key resistance level. Market sentiment has turned positive following the rebound.

YZi Labs, the investment firm associated with Binance co-founder Changpeng Zhao, has filed a consent statement with the SEC seeking to reshape the board of CEA Industries (BNC), a publicly-traded company managing a substantial BNB treasury. The firm is requesting shareholder support to expand the board, install its own nominees, and reverse recent bylaw changes. BNC's treasury holds between 480,000 and 515,000 BNB tokens valued at approximately $412 million.

Bitcoin's current market cycle demonstrates increased maturity through rising institutional participation and declining volatility, data show. Tokenized real-world assets have surged 243% year-over-year to $24B, according to Glassnode, while Bitcoin has absorbed approximately $732B in new capital with one-year realized volatility nearly halving.