‍HTX Secures Regulatory Approval in Pakistan Global digital asset exchange HTX has received a No Objection Certificate (NoC) from the Pakistan Virtual Asset Regulation Authority (PVARA), a key step toward obtaining a full operational license. This positions HTX as one of the first international platforms to enter Pakistan's formal licensing process under the Virtual Assets Ordinance, 2025. The NoC allows HTX to proceed with anti-money laundering (AML) compliance with Pakistan's Financial Monitoring Unit (FMU). Pakistan ranks third globally in crypto adoption, with an estimated 30-40 million users. Justin Sun, Global Advisor to HTX, stated this approval signifies "a vote of confidence in Pakistan’s vision for crypto adoption."
‍Bitcoin Nears $94K Amidst Alleged Market Manipulation Bitcoin is testing key resistance at $94,000 after a recent push to $95,500. Analysts suggest the prior dip was manipulative, not organic, pointing to a pattern of higher lows and an overall uptrend. Technical confluence at $94,000 is a critical hurdle. A breakout could target $100,000. However, a surging gold market, approaching $4,400/ounce, presents a potential headwind, drawing capital away from digital assets.
‍Strategy Secures $1.44B Cash Reserve Amidst Crypto Downturn Strategy (formerly MicroStrategy) has established a $1.44 billion cash reserve to ensure financial flexibility, particularly for shareholder dividends, without liquidating its $61 billion Bitcoin holdings during market volatility. This move follows a significant decline in MSTR stock and aims to address investor concerns. The company's strategy reflects a maturing approach to digital asset treasuries, balancing primary asset holdings with essential cash reserves for stability and long-term viability.
‍Bitget Introduces CYSUSDT Perpetual Futures Global cryptocurrency exchange Bitget has launched the CYSUSDT perpetual futures contract on its USDT-margined platform. The new contract, live from December 12, 2025, offers up to 25x leverage and integrates with Bitget's automated trading bots. Settling in USDT for efficient capital management and featuring 24/7 trading, the CYSUSDT contract aims to enhance Bitget's derivatives offerings. This expansion aligns with Bitget's commitment to providing advanced trading tools for its over 120 million users.
‍Bitget Lists NIGHTUSDT Futures with 25x Leverage and Bot Support Bitget has introduced NIGHTUSDT perpetual contracts to its futures trading platform, offering up to 25x leverage and full integration with automated trading bots. Trading commenced on December 10, 2025 (UTC+8). The contract, settled in USDT, is part of Bitget’s USDT-M Futures suite, designed for enhanced capital efficiency through a unified margin system. This integration with Bitget's futures trading bots allows users to deploy automated strategies for swift market reactions and precise risk management.
‍Bitget Launches WETUSDT Perpetual Futures with 25x Leverage The cryptocurrency exchange Bitget has introduced a WETUSDT perpetual futures contract, featuring up to 25x leverage. This new offering is integrated with Bitget's automated trading bots and is settled in USDT, available 24/7 via web and mobile platforms. This expansion reinforces Bitget's position in the derivatives market, serving over 120 million users with a wide array of digital assets and AI-powered tools.
‍Ripple and AMINA Bank Partner to Boost European Crypto Payments Ripple and Swiss-regulated AMINA Bank AG are collaborating to enhance cross-border transactions. AMINA Bank becomes the first European financial institution to integrate Ripple Payments, aiming to bridge traditional banking and blockchain technology for web3-native businesses. This partnership addresses friction in legacy financial systems for stablecoin transactions and builds on AMINA's prior support for Ripple's stablecoin, RLUSD. The move is a significant step in Ripple's European expansion, with AMINA Bank operating under Swiss FINMA regulation and an Austrian subsidiary holding a MiCA license.
‍Do Kwon Sentenced to 15 Years for Terra Luna Collapse Do Kwon, founder of Terraform Labs, has been sentenced to 15 years in federal prison for his role in the 2022 collapse of the Terra ecosystem, which resulted in an estimated $40 billion in losses. The court found Kwon misled investors about UST's stability and reserves. The collapse of LUNA, from over $100 to under $0.50, served as a catalyst for the 2022 bear market. Kwon acknowledged his failure, stating, "The blame should be pointed at me."
‍Florida Authorities Seize $1.5M in Crypto Amidst Investment Scam Investigation Florida officials have successfully confiscated approximately $1.5 million in various cryptocurrencies, including Dogecoin, Pepe, and Solana, as part of an ongoing probe into an investment scam. The seized assets were traced to a digital wallet allegedly controlled by a Chinese national, Tu Weizhi, who faces multiple charges including money laundering and grand theft. This operation highlights law enforcement's increasing proficiency in utilizing blockchain traceability to combat financial fraud. The state employed Florida's fugitive disentitlement statute, preventing a defendant from seeking U.S. legal protection for their assets while evading jurisdiction. This case underscores the growing challenge for criminals attempting to hide illicit funds in the digital asset space.