A trader secured over $2.5 million in profit from a leveraged Starknet position opened three days earlier, data show. The trader has since opened a 10x leveraged long position on Hyperliquid's HYPE token valued at approximately $2.98 million.

Japan's Financial Services Agency has proposed reclassifying 105 cryptocurrencies, including Bitcoin and Ethereum, as financial products under the Financial Instruments and Exchange Act. The initiative would apply a 20% flat capital gains tax rate to digital assets, replacing the current miscellaneous income tax structure that imposes rates up to 55%. Implementation is targeted for early 2026, pending parliamentary approval.

The Hong Kong Monetary Authority launched the pilot phase of Project Ensemble on Thursday, moving from sandbox testing to live transactions using tokenized deposits and digital assets. The pilot will run through 2026, initially focusing on tokenized money-market fund transactions and real-time treasury management. Interbank settlement will be supported by the HKD Real Time Gross Settlement system.

Bitcoin could experience upward movement in early 2026, but analysts caution this bounce may precede a deeper downturn in the second quarter. Market structures show similarities to March 2025 patterns. Liquidity conditions and investor sentiment indicators suggest challenges ahead, according to analyst EndGame Macro.

Japan's Financial Services Agency is advancing a regulatory reform to reclassify digital assets as financial products under the Financial Instruments and Exchange Act, according to Asahi Shimbun. The proposal would require exchanges to disclose detailed information on 105 approved tokens and subject crypto to insider trading rules for the first time. The FSA plans to present the legislative package to parliament in 2026.

Bitcoin dropped to $93,000 during Asian trading Monday, marking its sharpest decline since March. The move came as traders scaled back expectations for a December Federal Reserve rate cut to roughly 40%, down from over 60% a week earlier. Data show the selloff triggered $617.45 million in liquidations across cryptocurrency markets within 24 hours.

Gold advocate Peter Schiff accused Strategy (MSTR) of operating a fraudulent business model and challenged Michael Saylor to a public debate at Binance Blockchain Week in Dubai this December. Bitcoin fell below $99,000 over the weekend. Strategy's stock has dropped more than 50% since July.

Bitcoin dropped to approximately $93,000 on Sunday, its lowest level since early May, before recovering to around $95,285. The decline coincided with $619 million in crypto liquidations over 24 hours and tightening liquidity conditions tied to elevated U.S. treasury account levels. Analysts expect liquidity to return as government operations resume and delayed payments are processed, potentially driving a market recovery.