‍Cayman Islands Web3 Foundations See 70% Surge Amidst New CARF Rules The Cayman Islands has reported a 70% year-on-year increase in Web3 foundation registrations, surpassing 1,300 entities by the end of 2024. This growth is driven by the need for legal structures for DAOs, offering liability protection and separate legal personality. New CARF reporting rules from January 1, 2026, are expected to impact crypto service providers, but passive foundations may remain exempt, solidifying the jurisdiction's role as a Web3 hub.
‍Bitcoin Surpasses $732 Billion in Capital Influx, Signaling Market Maturity Bitcoin's market structure is undergoing a significant transformation, attracting $732 billion in net new funds since its 2022 cycle low. This capital influx, unprecedented in crypto history, has propelled Bitcoin's realized capitalization to $1.1 trillion. The growth is driven by institutional adoption and regulated products like spot Bitcoin ETFs, which now hold 1.36 million BTC. Bitcoin's volatility has also decreased significantly, indicating greater market depth and institutional participation. Analysts are closely watching the $93,000 resistance level, with a successful breach expected to trigger further price surges. This evolving landscape suggests Bitcoin is maturing into a more stable asset class.
‍MEXC Appoints Vugar Usi as COO to Drive Global Expansion MEXC has appointed Vugar Usi as its new Chief Operating Officer (COO). Usi brings over 15 years of experience from Fortune 500 companies and Web3 platforms, including his previous role at Bitget where he contributed to a fivefold user growth to over 120 million users. In his new capacity, Usi will oversee global business transformation, operational excellence, and strategic market expansion, with an initial focus on Eastern Europe, Turkey, CIS, and Latin America. He will also ensure policy and regulatory compliance. MEXC aims to redefine industry standards for global crypto exchanges, building on its current user base of over 40 million across 170 markets. The platform is known for its zero-fee trading model and rapid token listings. "We are focused on raising the entire standard for what a global crypto exchange should be," stated Cecilia Hush, Chief Strategy Officer at MEXC. Usi commented, "MEXC is a rising global underdog... What truly sets the company apart for me is its deep, mission-driven DNA."
‍KuMining Enhances Cloud Mining with Affiliate Program and Top-Tier DOGE Hashrate KuMining, powered by KuCoin, has launched a new Cloud Mining Affiliate Program offering tiered commissions and integrated airdrop campaigns for users purchasing hashrate. Additionally, KuPool, an integrated mining pool, has secured the 4th position globally for Dogecoin hashrate providers, demonstrating significant industry growth and user empowerment.
‍Ethena's USDe Suffers 24% Decline Amid Fiat Stablecoin Inflows Ethena's synthetic stablecoin USDe experienced a significant 24% contraction in November 2025, with its market cap dropping by $2.2 billion. This downturn contrasts sharply with fiat-backed stablecoins like USDT and USDC, which saw billions in new inflows. USDe, which relies on complex trading strategies rather than direct dollar reserves, has fallen over 53% since October 9. This follows a depegging incident on Binance. Meanwhile, USDT’s market cap grew by $1.3 billion, USDC by $600 million, PayPal USD (PYUSD) by $1 billion (a 35% increase), and Ripple’s RLUSD surpassed $1 billion.
‍November Crypto Funding Surges 219% Amidst Historic Naver-Dunamu Acquisition November saw a dramatic 219% increase in global crypto funding, reaching $14.54 billion, largely due to Naver's $10.3 billion acquisition of Upbit operator Dunamu. This single transaction represents the largest funding event in crypto history. Despite the capital surge, the number of disclosed deals decreased by 28% month-over-month, indicating a trend towards fewer, larger strategic investments. DeFi projects attracted the most attention, accounting for 30.4% of deals. This suggests a market shift towards consolidation and a focus on established or high-potential entities.
‍Huaxia Bank Issues First 'Blockchain + Digital RMB' Financial Bond Huaxia Bank has successfully issued a 4.5 billion yuan financial bond utilizing a novel "blockchain bookkeeping + digital RMB settlement" model. This initiative integrates distributed ledger technology with China's central bank digital currency (e-CNY) infrastructure. The bond's lifecycle involved real-time, immutable blockchain recording and direct digital RMB settlement, significantly enhancing transparency, security, and efficiency. The offering was oversubscribed, demonstrating strong market demand and confidence in digital financial instruments. This successful pilot signals a new direction for bond markets and CBDC integration globally.
‍Bitcoin Bollinger Bands Signal Potential 'Parabolic' Surge A classic technical indicator, Bollinger BandWidth, has reached historically low levels on Bitcoin's monthly chart, suggesting a potential "parabolic" price surge similar to late 2023. Macro strategist Gert van Lagen notes that such low bandwidths have consistently preceded sharp upward price movements. While this offers a bullish outlook, traders remain cautious, awaiting further confirmation from other metrics like volume, MACD, and RSI. Bitcoin needs to maintain upward momentum to secure a strong year-end close.
‍HTX Research: Macro Data to Shape Crypto and Fed Rate Decisions HTX Research analyzes the critical intersection of macroeconomic data releases and Federal Reserve policy, impacting crypto and equity markets. Upcoming indicators are expected to clarify the likelihood of a December rate cut, influencing market sentiment. Key data points include ISM Manufacturing PMI, Services PMI, ADP employment report, and PCE inflation figures. Current market conditions show cautious sentiment in crypto, with Bitcoin rebounding but facing thin liquidity. Institutional demand remains subdued, and options markets reflect a defensive stance. HTX Research outlines two scenarios: a natural recovery if data signals slowing growth without recession, or amplified downside volatility if indicators reduce the likelihood of easing. Bitcoin's support remains around $80,000-$82,000. The Fed's December policy path, driven by this week's data, will be a primary determinant for market direction.
‍Fairspin and TFS Token: Rewarding Active Crypto Participation The cryptocurrency landscape is shifting towards active engagement. Fairspin and its native TFS token exemplify this trend, allowing users to earn crypto rewards through participation rather than just holding assets. The Play-to-Earn (P2E) market is projected to grow from $2.7 billion in 2024 to $26.59 billion by 2034. Fairspin's ecosystem rewards players for actions like spinning reels and completing missions, with every transaction recorded on the blockchain for transparency. Players receive TFS token rakeback (0.2% for slots, 0.03% for blackjack) and can advance in a 10-level loyalty program. Additional TFS can be earned through missions and exchanged for rewards like free spins, bonuses, or tech gadgets. This model offers a clear path to consistent crypto earnings.