‍Turkmenistan Legalizes Crypto Trading Under Tight State Regulation from 2026 Turkmenistan will legalize and regulate its cryptocurrency industry starting in 2026. A new law, signed by President Serdar Berdimuhamedov, establishes a framework for digital assets with strict state oversight. Key provisions include mandatory licensing for exchanges and custodial services, stringent KYC/AML protocols, and cold storage requirements. The state reserves the right to halt or void token issuances. Mining operations will require registration. The central bank may operate its own distributed ledgers. Cryptocurrencies will not be legal tender. This move aligns with a global trend of governments establishing crypto regulations.
‍Saifedean Ammous Questions Crypto Privacy: Hard Money vs. Anonymity Bitcoin advocate Saifedean Ammous has ignited a debate by questioning the necessity of privacy as a core characteristic of money. He distinguishes between the demand for hard money, resistant to debasement, and the demand for private money. Ammous expressed skepticism towards privacy coins, calling Zcash (ZEC) a "shitcoin" due to its reliance on a trusted setup. He questioned Zcash's ability to verify total supply, though its shielded and unshielded pools are publicly verifiable. Industry leaders offered diverse views. Helius co-founder Mert Mumtaz called Ammous's framing a "false dichotomy." Digital Currency Group CEO Barry Silbert noted privacy remains key for Bitcoin adherents. Zcash co-founder Zooko Wilcox pointed to Bitcoin's traceability, contrasting it with Zcash's enhanced privacy. Ammous suggests privacy can be achieved via layer-2 protocols, asserting that "people would rather have hard money that is not private, over easy money that is private." He believes the primary demand is for resistance to debasement, not inherent privacy.
‍Trump Family Allegedly Reaped $800M Crypto Profits Amid Oversight Concerns A report by U.S. House Judiciary Committee Democrats alleges the Trump family amassed over $11.6 billion in assets, with more than $800 million in profits from cryptocurrency projects in H1 2025. The report claims these gains were secured through involvement in digital currency initiatives and blockchain ventures, with alleged connections to foreign entities. Furthermore, it accuses the family of dismantling regulatory oversight and interfering with investigations while pursuing these crypto ventures, raising concerns about corruption and conflicts of interest.
‍WorkQuest Secures $1.16M Seed Funding for AI-Powered Decentralized Employment WorkQuest has successfully raised $1.16 million in a seed funding round led by Black Dragon Capital. The investment will accelerate the relaunch of its AI-powered decentralized employment platform. The platform aims to enhance job matching, integrate DeFi modules, and implement DAO governance, fostering a trustless global employment system with stablecoin payments and on-chain reputation scoring.
‍Wemade Forms Global Alliance for KRW Stablecoin Push Blockchain gaming firm Wemade has launched the Global Alliance for KRW Stablecoins (GAKS) with Chainalysis, CertiK, and SentBe. The alliance will support StableNet, a mainnet for Korean won-backed stablecoins, emphasizing regulatory compliance. This initiative marks a strategic repositioning for Wemade following past regulatory challenges and token delistings.
‍IMF Warns of Flash Crash Risks in Tokenized Markets, Anticipates Government Oversight The International Monetary Fund (IMF) has issued a warning about potential flash crashes and increased volatility in expanding tokenized markets. While acknowledging tokenization's benefits like faster and cheaper transactions, the IMF highlights risks such as automated trading-induced plunges and cascading smart contract failures. The organization predicts heightened governmental involvement in digital finance, citing historical precedents where governments actively reshaped monetary systems. The rapid growth of tokenized assets, exemplified by BlackRock's BUIDL fund, indicates that closer regulatory scrutiny is inevitable.
‍Goldman Sachs Warns of US Job Market Weakness Amid Rising Layoffs Goldman Sachs has issued a warning regarding emerging "cracks" in the United States labor market, indicating a potential economic slowdown characterized by an increase in layoff announcements. Data from WARN Act notices reveal figures at their highest level since 2016, excluding the pandemic peak. October's layoff announcements have neared levels typically associated with economic recessions, particularly in technology, manufacturing, and food & beverage sectors. The investment bank highlights a difficult combination of a surge in layoffs and a deceleration in hiring rates, making it challenging for job seekers. Initial jobless claims, which lag layoff data by approximately two months, are projected to rise.
‍MEXC Foundation Donates HK$5M to Hong Kong Disaster Aid MEXC Foundation has announced a HK$5 million (approx. US$640,000) donation to support relief efforts following a devastating fire in Hong Kong's Tai Po district. The fire, which occurred on November 26, 2025, tragically claimed at least 94 lives and left nearly 280 missing. This contribution aligns with the Foundation's mission of Community Giving, aiming to foster resilient communities globally and leverage blockchain for social change. In October 2025, MEXC Foundation also provided aid to 225 displaced families after earthquakes in the Philippines.
‍New Questions Arise Over 133,951 Missing Bitcoin in Qian Zhimin Case A significant disparity exists between the Bitcoin Qian Zhimin reportedly acquired (194,951 BTC) and the amount seized by authorities (61,000 BTC), leaving over 133,000 BTC unaccounted for in this major money laundering investigation. Further complicating matters, Qian Zhimin claims to have lost the password to a wallet containing 20,000 BTC. The case highlights the challenges in recovering digital assets involved in cross-border financial crimes.
‍Mutuum Finance V1 Testnet Launch Set for Q4 2025 Mutuum Finance (MUTM) will launch its V1 decentralized lending and borrowing protocol on the Sepolia Testnet in Q4 2025. The protocol features dual lending models: Peer-to-Contract (P2C) and Peer-to-Peer (P2P). Key components include liquidity pools, mtToken and debt token mechanisms, and an automated liquidator bot. Users can utilize ETH or USDT as collateral. The MUTM token fuels ecosystem actions, with a buy-and-distribute mechanism and staking rewards. The project has raised nearly $19 million across presale stages and boasts over 18,200 holders.