Ethereum is trading close to $2,950 after a weekly decline of about 12%, with key support near $2,900 and resistance at the 20-day and 50-day EMAs. BitMine has purchased an additional $140 million in ETH, lifting its holdings to about 3.97 million ETH, while US Bitcoin and Ethereum ETFs have seen a combined $582 million in outflows. Spot outflows of around $18.7 million and falling open interest near $37 billion point to ongoing deleveraging, even as technical indicators show slowing downside momentum.

The Kingdom of Bhutan has launched TER, a gold-backed cryptocurrency issued on the Solana blockchain and distributed by DK Bank, where each token is tied to a fixed quantity of physical gold held in institutional custody. The structure is intended to provide a regulated way for investors to gain digital exposure to gold while retaining traditional asset backing. TER is part of Bhutan's broader blockchain strategy, which includes Bitcoin reserves, planned holdings of Ethereum and Binance Coin, and a national digital identity system on Ethereum, according to the project details.

dYdX is reviewing a proposal to add BONK as an integration partner under its Partner Revenue Share Program, giving BONK 50% of protocol fees from BONK-attributed order flow. The initiative is aimed at Solana retail traders and follows dYdX’s October shift to split fees evenly between staking rewards and buybacks. A governance vote on the proposal is scheduled for December 11, 2025, according to dYdX.

Circle has secured full regulatory approval from Abu Dhabi Global Market's Financial Services Regulatory Authority to operate as a Money Services Provider and offer regulated USDC services in Abu Dhabi. The licence enables the company to provide institutional payment, settlement and digital-asset services in the UAE, bolstering the country's position as a hub for compliant crypto activity. Circle has also appointed Dr Saeeda Jaffar as Managing Director for the Middle East and Africa to lead its regional expansion.

Bitcoin staking platform Babylon has partnered with decentralized lending protocol Aave to allow BTC holders to use native Bitcoin as collateral for DeFi lending. The collaboration eliminates the need for wrapped Bitcoin tokens and enables users to maintain full control of their private keys while accessing liquidity. Babylon's trustless Bitcoin Vaults lock BTC in time-locked contracts on the Bitcoin blockchain while being recognized by Aave's lending architecture.

Vanguard has enabled US clients to trade regulated cryptocurrency ETFs on its brokerage platform, including funds linked to Bitcoin, Ethereum, XRP and Solana. The policy shift follows the appointment of CEO Salim Ramji, former global head of ETFs at BlackRock. XRP ETFs have recorded $756 million in net inflows across 11 trading days with no outflows, according to available data.

South Korean cryptocurrency exchange Upbit discovered a critical vulnerability in its wallet software while investigating a breach that resulted in approximately $30 million in losses. The flaw enabled the generation of predictable cryptographic signatures, theoretically allowing attackers to derive private keys through blockchain transaction analysis. The exchange has patched the vulnerability and committed to compensating all affected users from company reserves.

The European Union has established regulations requiring crypto-asset service providers to report customer transactions and holdings in standardized digital format starting January 1, 2026. The rules expand the Directive on Administrative Cooperation (DAC8) and introduce a mandatory Crypto-Asset Operator register with unique identification numbers for cross-border supervision. The framework operates alongside MiCA and upcoming anti-money laundering rules.

Swedish digital bank Klarna has launched KlarnaUSD, a USD-pegged stablecoin on Tempo, the layer-1 blockchain developed by Stripe and Paradigm. The stablecoin is live on Tempo's testnet, with mainnet deployment planned for 2026. Klarna will initially use the token for internal cross-border payments to reduce costs for its 114 million customers before extending access to merchants and consumers.