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.

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.

On-chain analytics platform Santiment cautioned Saturday that widespread predictions of a market bottom may signal further downside ahead. Bitcoin briefly fell below $95,000 Friday, triggering social media declarations that the worst has passed. However, Santiment notes that historical bottoms typically form during periods of extreme pessimism rather than consensus optimism among traders.

BlackRock's tokenized U.S. Treasury fund BUIDL will be accepted as institutional collateral on Binance and expanded to BNB Chain. The fund has accumulated $2.5 billion in assets since its March 2024 launch. Data show BUIDL is the largest tokenized money market fund on public blockchains.

Bitcoin's daily chart shows deteriorating momentum with the 9-day EMA crossing below the 20-day EMA. The Crypto Fear & Greed Index has dropped to 15 out of 100, marking extreme fear levels last seen in March. Analysts note this fear-driven environment has historically preceded rallies, with long-term holders accumulating while short-term participants exit positions.

Securities and Exchange Commission Chair Paul Atkins announced Wednesday that the agency is developing a formal token taxonomy to classify digital assets under federal securities law. Speaking at the Federal Reserve Bank of Philadelphia's FinTech Conference, Atkins said most crypto tokens do not qualify as securities, differentiating digital commodities, collectibles, and tools from tokenized securities. The taxonomy forms part of the SEC's broader Project Crypto initiative and aims to provide upfront regulatory guidance rather than enforcement-driven policy.

Decentralized prediction platform Polymarket has opened a beta version to select U.S. users, marking its first domestic operation since a 2022 regulatory settlement. The relaunch follows the company's acquisition of licensed derivatives exchange QCX in July 2025 and new partnerships with PrizePicks and Yahoo Finance.

Visa announced a pilot program on November 12, 2025 enabling businesses to send payments directly to stablecoin wallets. The initiative targets freelancers, gig workers, and online creators, delivering funds in USDC and other dollar-backed stablecoins. The program aims to accelerate cross-border transactions by eliminating traditional banking intermediaries.

Circle Internet Group, issuer of the USDC stablecoin, reported net income of $214 million for the third quarter on Wednesday, a 202% increase from the same period last year. Earnings per share reached $0.64, well above the analyst consensus of $0.22. Total revenue and reserve income doubled to $740 million, driven by interest on reserves and expanding adoption across payment networks.