Token Cat Limited's board approved a Crypto Asset Investment Policy on December 2, 2025, authorizing up to $1 billion in digital asset allocations from cash reserves. The company appointed Sav Persico, a veteran with 30 years of cryptocurrency experience, as Chief Operating Officer to oversee execution. A Crypto Asset Risk Committee led by the CFO will manage asset allocation and risk oversight.

BubbleMaps issued a warning about the PIPPIN meme coin following its 1,000% price surge over two weeks. The blockchain analytics platform identified insiders controlling approximately 50% of the token supply, valued at $120 million. The token's market capitalization jumped from $20 million to $220 million despite minimal team activity or announcements.

Prediction market platform Kalshi plans to tokenize thousands of event contracts on Solana, bridging its traditional off-chain order book with on-chain liquidity, according to a December 2, 2025 statement to CNBC. The integration enables crypto-native traders to buy and sell tokenized versions of betting contracts while leveraging blockchain infrastructure. Bettors will be able to trade tokenized wagers on Solana, with contracts functioning identically to regular platform offerings but with added blockchain-native benefits.

First Digital Group, the Hong Kong-based issuer of the FDUSD stablecoin, plans to go public on the New York Stock Exchange through a merger with CSLM Digital Asset Acquisition Corp III. The SPAC raised $230 million in its August IPO on Nasdaq, with merger terms currently under negotiation.

Cryptocurrency platforms and users lost approximately $127 million to security incidents in November, blockchain security firm CertiK reported. Total compromised funds exceeded $172 million before recovery efforts retrieved roughly $45 million in frozen or reclaimed assets. Code vulnerabilities drove most losses, contributing over $130 million to the monthly total.

The dYdX community has approved a Liquidation Rebates Pilot Program through governance voting, allocating up to $1 million to compensate traders affected by liquidation events. The one-month trial begins December 1, 2025, offering points and rebates to eligible participants. The initiative aims to enhance liquidity and risk management on the platform.

South Korean exchange Upbit will restore deposit and withdrawal services on December 1, 2025, at 1 PM KST following a November 27 security breach that resulted in $36.8 million in losses. The platform will absorb all losses from its own reserves, ensuring no impact to customer funds. Authorities suspect the Lazarus Group orchestrated the attack using compromised administrator credentials.

Binance's Bitcoin reserves have declined by $20 billion since mid-August, dropping from $71 billion to approximately $51 billion, data show. Tether holdings across TRC20 and ERC20 networks surged from $26 billion to over $50 billion during the same period, reaching an all-time high. Analysts view the shift as a bullish signal, indicating traders hold significant liquidity for potential market re-entry.

Stani Kulechov, CEO of Aave, welcomed the UK tax authority's consultation outcome on DeFi activities published November 27, 2025. The proposal introduces a 'no gain, no loss' framework for cryptoasset deposits into lending protocols, meaning users would not face capital gains tax when depositing collateral. Kulechov described the approach as a significant benefit for UK DeFi users who borrow stablecoins against crypto holdings.