Indian cryptocurrency investors now hold 4–6 tokens on average, up from 2–3 in 2022, according to CoinDCX's 2025 annual report. India's crypto market recorded $618.5 million in total spot trading volume for 2025, with monthly volume averaging $51.6 million. Bitcoin remains the most held asset, while Ethereum leads in trading activity.

Reform UK secured £9 million ($12 million) from British crypto investor Christopher Harborne, the largest single political donation by a living individual in UK history, Electoral Commission figures show. The contribution comes as the UK government examines potential restrictions on cryptocurrency donations to political parties over transparency and foreign interference concerns.

The U.S. Commodity Futures Trading Commission authorized spot cryptocurrency trading on federally regulated exchanges for the first time. Acting Chairman Caroline D. Pham announced December 4 that CFTC-registered futures exchanges may now list spot digital assets under federal supervision. The decision ends decades of state-level-only oversight and opens institutional access to compliant spot crypto markets.

Taiwan's Financial Supervisory Commission announced plans to introduce a locally pegged stablecoin by the second half of 2026, contingent on legislative approval of the Virtual Assets Service Act. Initial issuance rights will be restricted to regulated financial institutions under a framework inspired by EU MiCA regulations. The initiative positions Taiwan to modernize payment infrastructure and strengthen its role in the digital asset economy.

The U.S. Securities and Exchange Commission has halted applications from multiple ETF providers seeking to launch cryptocurrency funds with 3–5x leverage, exceeding the 200% regulatory cap. Warning letters cited provisions of the Investment Company Act of 1940, which limits fund exposure to 200% of value-at-risk. Analysts warn that such products amplify both gains and losses in volatile markets.

Ian Krotinsky and Aashiq Dheeraj, former Citadel employees, have raised $17 million for Fin, a stablecoin-based payments platform targeting large-value cross-border transactions. Pantera Capital led the funding round, with participation from Sequoia and Samsung Next, according to Fortune. The startup plans to pilot with import-export businesses next month.

Binance will remove four leveraged trading pairs—PENGU/FDUSD, NOT/FDUSD, FLOKI/FDUSD, and INJ/FDUSD—on December 11, 2025. Isolated-margin lending for these pairs suspends on December 8, 2025. The exchange cites risk management and regulatory compliance as reasons for the delisting.

Bitcoin traded around $93,000 during Asian hours Thursday as softer US economic indicators strengthened market expectations for a Federal Reserve interest rate reduction. Analysts cited positive momentum from recent institutional developments, including Vanguard's policy shift on crypto-linked ETFs and speculation about potential Fed leadership changes. The total cryptocurrency market capitalization rose 1.8% to $3.27 trillion.