MicroStrategy’s stock has reportedly seen higher trading volume than Amazon, with Wall Street institutions using the shares for Bitcoin-linked exposure. Michael Saylor’s advocacy of Bitcoin and the company’s large corporate holdings are viewed as key reasons why its equity trading closely tracks crypto market dynamics, according to posts on Binance Square and KuCoin. Bitcoin is quoted around $92,040.78 with a $1.84 trillion market capitalization and $65.07 billion in daily volume, based on CoinMarketCap data. The figures show active trading and liquidity in Bitcoin despite recent price declines.

Hong Kong’s government has opened a public consultation on implementing the OECD’s Crypto-Asset Reporting Framework (CARF) and the revised Common Reporting Standard (CRS). Authorities expect to introduce legislation by next year, with automatic tax information exchange under CARF targeted for 2028 and CRS changes scheduled for 2029, according to the government.

Jupiter Exchange withdrew marketing statements about its lending protocol after acknowledging the use of asset recollateralization. COO Kash Dhanda admitted prior claims of zero contagion risk were inaccurate. Competitor Kamino Finance blocked Jupiter Lend's migration tool in response to the controversy. JUP token traded at $0.23 on December 7, 2025, reflecting a 33.06% decline over 30 days.

An Ethereum address from the 2015 ICO transferred 39,995 ETH worth approximately $1.19 billion on November 30 after remaining inactive for over a decade, data show. The holdings were acquired at $0.31 per token, representing an unrealized gain of nearly 9,639 times. Separately, institutional entity Bitmine received 16,693 ETH from FalconX, reflecting continued institutional engagement with Ethereum.

South Korean cryptocurrency exchange Upbit lost approximately $30.4 million from its Solana hot wallet in a security breach on November 28. Security researchers identified operational patterns consistent with the Lazarus Group, a hacking collective linked to North Korea. Parent company Dunamu pledged full reimbursement from corporate reserves, while cold wallet systems remained secure.

South Korean technology conglomerate Naver announced the acquisition of Dunamu, operator of cryptocurrency exchange Upbit, in an all-stock transaction valued at $10.3 billion on November 26. Dunamu will become a wholly owned subsidiary of Naver Financial upon completion. Upbit commands over 80% of South Korea's cryptocurrency market share.

The United Arab Emirates has enacted Federal Decree No. 6 of 2025, requiring central bank licensing for decentralized finance and Web3 operations starting September 16, 2025. Non-compliant entities face penalties up to $272 million. The regulation covers payment services, lending protocols, trading platforms, and custody activities, while self-custodial wallets remain exempt.

India plans to introduce ARC, a stablecoin pegged 1:1 to the rupee, in early 2026. The digital asset is being developed by Polygon and fintech firm Anq to reduce capital outflows to USD-backed stablecoins. ARC will operate under the Reserve Bank of India's digital currency framework and aims to support domestic debt markets by encouraging use of rupee-backed alternatives.

Crypto lending volumes surged 38.5% in Q3 2025 to $73.59 billion, according to Galaxy. A market crash on October 10, 2025 triggered over $17 billion in futures liquidations, the largest single-day event on record. Bitcoin declined 18.26% over the 90-day period, with futures open interest peaking at $220.37 billion in early October.