South Korea's virtual asset tax framework remains unprepared for its January 2027 launch, with officials acknowledging incomplete infrastructure and regulatory gaps. The tax law, approved in 2020, has been delayed three times from its original 2022 start date. No public-private working group has been established, and critical guidance on airdrops, staking, and mining taxation remains unissued.

U.S.-listed spot bitcoin and Ethereum exchange-traded funds recorded a combined net outflow of $437 million on Monday, data show. Bitcoin ETFs saw $254.5 million in outflows, while Ethereum ETFs posted $182.8 million in withdrawals. The outflows mark the fourth and fifth consecutive trading days of net withdrawals for bitcoin and Ethereum ETFs respectively.

AMINA Bank AG secured a Type 1 license uplift from Hong Kong's Securities and Futures Commission, becoming the first international bank authorized to provide regulated crypto trading and custody to institutional clients in the city. The approval covers 13 cryptocurrencies including Bitcoin, Ether, USDC, and Tether. The bank reported a 233% surge in Hong Kong trading volumes during the first half of 2025.

AMINA Bank AG, a Switzerland-based crypto bank, has secured regulatory approval from Hong Kong's Securities and Futures Commission to provide crypto trading and custody services to institutional clients. The bank received a Type 1 license uplift on November 18, 2025, becoming the first international banking institution to obtain such authorization in the city. AMINA's Hong Kong unit can now offer services for 13 cryptocurrencies including Bitcoin, Ether, USDC, and Tether.

Exchange-traded products tracking digital assets recorded $2 billion in outflows last week, marking the heaviest weekly redemption since February. The withdrawals represent a 71% increase from the previous week and extend the outflow trend to three consecutive weeks, totaling $3.2 billion in redemptions over that period, according to CoinShares on Monday.

Digital asset investment products recorded $2 billion in outflows last week, the largest capital exit since February and the third consecutive week of negative flows, data show. Bitcoin experienced $1.38 billion in withdrawals while short Bitcoin products attracted $9.1 million in new capital. Ethereum posted $689 million in outflows, representing 4% of its assets under management.

Tether and Circle have issued over $14 billion in new stablecoins since October 10, with Circle recently minting an additional $750 million USDC. USDC dominance has climbed to approximately 2.33%, its highest level in nearly a year. The surge in stablecoin issuance comes as investors rotate into stable assets amid market uncertainty, with Bitcoin falling below $100,000 and altcoins extending losses that began in early October.

Newly launched exchange-traded funds tracking Solana and XRP have drawn over $500 million in combined inflows within weeks of debut. Bitcoin and Ethereum ETFs shed more than $4.2 billion during the same period, data show. The divergence highlights shifting investor preferences amid broader market volatility.