On Wednesday, Senate Banking Committee Chairman Tim Scott postponed a planned Thursday markup of a broad crypto market structure bill after Coinbase CEO Brian Armstrong retracted the exchange's backing for the latest draft. The legislation would classify crypto tokens, shift spot market oversight to the CFTC, and limit interest-like rewards on stablecoin holdings, while talks continue over disclosure rules and industry concerns.

Coinbase CEO Brian Armstrong stated on Wednesday that the exchange cannot back the latest US Senate crypto bill in its current form, arguing it would be worse than existing rules. He warned the draft could amount to a ban on tokenized equities, restrict DeFi and privacy, weaken the CFTC relative to the SEC, and curb stablecoin rewards, just as lawmakers prepare for a key Senate Banking Committee phase.

Bitcoin traded close to $96,000 on Thursday, while major Asian equity benchmarks moved in different directions following another tech-led decline on Wall Street. BTC open interest has dropped more than 31% from its 2025 high to around $10B, pointing to a broad deleveraging even as spot volumes approach $60B and total crypto market capitalization sits near $3.34 trillion.

According to Bitwise and VettaFi, 32% of financial advisors allocated to crypto in client accounts in 2025, up from 22% in 2024. The survey gathered 299 responses between Oct. 31 and Dec. 8, 2025, and noted Bitcoin’s $126k all-time high and progress on U.S. rules, including the GENIUS Act, as context.

Prime Minister Anutin Charnvirakul announced a crackdown on "grey money" after a Finance Ministry meeting on Friday, directing tighter controls on gold trading and digital assets. Measures include lowering the 2M baht reporting threshold for gold bar purchases and stricter Travel Rule enforcement for crypto providers. A data bureau will link agency datasets to detect suspicious flows.

Bitcoin hovered near $91,000 on Tuesday while Japan's Nikkei jumped as much as 3.6% to a record 53,814.79 and the Topix rose 2.4% to 3,599.31. Asian equities broadly opened with a mild risk-on tone, and traders focused on upcoming US inflation data and Federal Reserve events as key drivers for crypto and wider markets.

Early Monday, Bitcoin traded close to $92,000 while major Asian equity benchmarks posted modest gains and oil continued to climb. Traders focused on upcoming US inflation data, lingering tariff uncertainty and shifting Federal Reserve policy risks, with Bitcoin hovering near the $91,000 pivot level amid cautious positioning.

Truebit's TRU token plunged more than 99% after the protocol reported a security breach affecting its "Truebit Protocol: Purchase" Ethereum smart contract, with on-chain data indicating about 8,535 ETH, or roughly $26M, was taken. PeckShield and other blockchain analysts said the attacker allegedly exploited flawed pricing logic to mint tokens at zero cost, drained ETH reserves, moved funds through Tornado Cash, and left Truebit yet to outline any remediation plan.

Bitcoin traded around $91,000 on Friday while major Asian stock indices posted modest gains ahead of key US nonfarm payrolls data and a potential Supreme Court decision on President Donald Trump's tariffs. Crypto markets stayed rangebound, with Bitcoin, Ether and XRP moving narrowly as investors weighed the Federal Reserve's rate path and broader macro headlines.