On Monday, the People's Bank of China kept the 1‑year loan prime rate at 3.00% and the 5‑year at 3.50%, marking a seventh consecutive meeting without change. November retail and industrial data underwhelmed, and housing indicators fell, while analysts flagged a soft yuan and debated stimulus options.

Terraform Labs’ bankruptcy administrator has filed a $4 billion lawsuit against Jump Crypto, accusing it of secretly supporting TerraUSD’s $1 peg through confidential agreements. The case unfolds against a stablecoin market with about USD 309 billion in supply and more than USD4 trillion in transaction volume, raising new questions about the role of market makers, regulation, and user protection.

Aave Labs advanced a proposal on control of Aave's brand assets to a Snapshot vote, drawing objections from its author and delegates over process. Voting opens Dec. 23, while founder Stani Kulechov said the decision follows extensive discussion. Critics warn the timing and escalation undermine consensus in the Aave DAO.

On 19 December 2025, the Council of the European Union agreed on a negotiating mandate for the digital euro that requires both online and offline payment options. The framework confirms the European Central Bank as issuer, introduces holding limits and basic free services, and outlines a path toward pilots in 2027 and potential issuance in 2029. The move diverges from earlier European Parliament ideas centered on offline-only use and opens inter‑institutional negotiations on the CBDC’s legal design.

Russia’s central bank has recognized that large-scale Bitcoin mining is supporting the ruble, while senior officials seek to record it as an export item in national trade statistics. Despite formal legalization on November 1, 2024 and tax rates of up to 30%, extensive gray-market mining, electricity theft, and bribery continue, leading to budget losses estimated in the billions of rubles even as banks test regulated digital-asset products.

zkPass jumps 64% after launch as traders assess airdrop issues and rising demand. Read this zkPass price prediction with key levels, risks, and technical signals.

In November 2023, Binance agreed to a $4.3 billion criminal plea deal with US authorities, but later findings allege the exchange still allowed flagged accounts to process large crypto flows. An investigation into 13 Binance accounts reportedly uncovered $1.7 billion in crypto movements, including $144 million after the plea deal, with links to Iran, Hezbollah and wallets later frozen under anti-terrorism laws. Binance's legal team denies knowingly facilitating criminal activity and says relevant wallets were not designated for terror financing at the time.

Hyperliquid said that a wallet its community identified for allegedly shorting HYPE belongs to a former staff member who left in the first quarter of 2024. The co-founder stressed that the person's trades do not represent the firm's ethics and reiterated that employees face strict bans on HYPE derivatives trading and use of material non-public information. HYPE, which launched near a few dollars in November 2024 and later touched about $60, was trading around $25.40, roughly 24% lower over the past year but still up about 290% since inception.