The International Monetary Fund published a comprehensive stablecoin assessment on December 5, 2025, warning that inconsistent national regulations are creating structural obstacles for oversight and cross-border payments. The fund called for harmonized definitions, uniform reserve requirements, and coordinated supervision as the market exceeds $300 billion. Divergent national frameworks allow issuers to operate from jurisdictions with lighter oversight while serving users in stricter markets, undermining authorities' capacity to monitor reserves and compliance.

Peter Schiff, a vocal cryptocurrency critic, launched T-Gold.com on December 4, enabling users to purchase physical gold and silver convertible into blockchain tokens. In a discussion with Binance founder Changpeng Zhao, Schiff acknowledged that tokenization enhances gold's transportability, divisibility, and fungibility while maintaining its store-of-value properties. Despite adopting blockchain infrastructure, Schiff maintained his skepticism toward digital currencies without physical backing.

Financial executives from Citadel Securities, Coinbase, Galaxy, and BlackRock revealed sharp disagreements over tokenization regulation during a Thursday SEC Investor Advisory Committee meeting. The session followed a Wednesday letter from Citadel Securities recommending stricter SEC oversight of DeFi protocols handling tokenized securities. Crypto advocates pushed back, arguing such rules are impractical for decentralized systems.

The official Pepe memecoin website has been infiltrated through a front-end exploit involving Inferno Drainer malware. Cybersecurity firm Blockaid issued an alert on December 4, 2025, warning users that malicious code was injected into the site. The attack aims to redirect visitors to phishing pages designed to steal wallet credentials and drain digital assets.

The Commodity Futures Trading Commission has authorized spot cryptocurrency trading on federally regulated futures exchanges in the United States. Acting Chair Caroline Pham announced Thursday that registered exchanges can now list spot crypto products, according to guidance from the President's Working Group on Digital Asset Markets. The move follows coordination among U.S. regulators and marks a historic expansion of the agency's oversight to include direct asset purchases and sales.

Meta's stock climbed 5.7% in early trading Thursday after reports emerged that CEO Mark Zuckerberg intends to reduce metaverse funding by up to 30%. The cuts will target Horizon Worlds and the Quest VR division. Savings will be redirected toward AI hardware projects, including smart glasses and wearables.

Lighter, an Ethereum-based decentralized perpetual exchange valued at $1.5 billion, introduced spot market trading starting with ETH on Thursday. The platform processed $292.5 billion in trading volume during November, becoming the highest-volume perpetuals protocol that month. Lighter plans to add additional spot markets in the coming days.

BlackRock CEO Larry Fink said multiple sovereign wealth funds have been acquiring Bitcoin at price levels including $120,000, $100,000, and the $80,000 range. The purchases represent long-term strategic positions rather than short-term trades, according to Fink. Technical analysis shows Bitcoin remains within an ascending channel with potential upside toward $100,000 if key support levels hold.