Ten major European banks have formed Qivalis, a Dutch-based entity, to launch a regulated euro stablecoin in the second half of 2026. The consortium includes BNP Paribas, ING, UniCredit, and seven other lenders. Qivalis is seeking an Electronic Money Institution license from the Dutch central bank to issue a fully backed token under the EU's Markets in Crypto-Assets framework.

Huione Pay halted operations and froze customer withdrawals, triggering crowds outside its Phnom Penh headquarters. The suspension, set to last until January 5, follows a surge in withdrawal requests that overwhelmed the platform's liquidity. Users now face locked accounts and uncertainty about fund recovery.

Ethereum co-founder Vitalik Buterin cautioned the Zcash community on November 30, 2025, against implementing token-based voting systems. He argued such governance structures could compromise the network's long-term privacy protections. Buterin described token voting as "worse than Zcash's status quo," warning that privacy features risk erosion when governance power concentrates among token holders.

Bitwise Asset Management has launched the BWOW Dogecoin ETF on NYSE Arca on November 26, 2025, following months of community requests for regulated DOGE exposure. As of November 25, 2025, Dogecoin holds a $22 billion market cap and daily trading volume exceeding $1 billion. The fund tracks Dogecoin price performance with Coinbase Custody Trust Company holding underlying assets.

Texas completed a $10 million Bitcoin acquisition on November 20, 2025, at approximately $87,000 per coin, becoming the first U.S. state to establish a formal government digital asset reserve. The purchase was executed through BlackRock's iShares Bitcoin Trust (IBIT) as an interim measure while the state finalizes its self-custody infrastructure. The transaction follows legislation signed in June 2025 that authorized a Strategic Bitcoin Reserve with cold-storage requirements and minimum holding periods.

Six major Japanese asset management firms are developing cryptocurrency investment products in anticipation of regulatory changes that would permit digital assets in investment trusts for the first time. The Financial Services Agency plans to submit legislative proposals during the 2026 parliamentary session to reclassify cryptocurrencies under the Financial Instruments and Exchange Act. Current regulations prohibit cryptocurrencies from being included in investment trust structures, limiting retail and institutional access to digital assets through mainstream channels.

North Korean agents have infiltrated the cryptocurrency industry at unprecedented levels, with 15% to 20% of digital asset firms potentially employing state-backed operatives, according to Security Alliance member Pablo Sabbatella. Between 30% and 40% of job applications to crypto companies may originate from North Korea-linked actors. These individuals gain access to internal systems, production environments, and sensitive infrastructure after being hired through fraudulent recruitment channels.

India's Enforcement Directorate has frozen ₹8.46 crore held across 92 bank accounts, including balances at CoinDCX and several cryptocurrency wallets, as part of an investigation into a ₹285 crore cyber-fraud network. The probe identified fraudulent apps and platforms that used task-based earning schemes to lure victims before blocking their withdrawals.

Representative Warren Davidson has proposed legislation that would allow American taxpayers to pay federal taxes using Bitcoin. The Bitcoin For America Act directs all Bitcoin tax payments into a newly created Strategic Bitcoin Reserve. Transfers would be exempt from capital gains taxation at the point of payment.