Former BitMEX CEO Arthur Hayes stands by his $250,000 Bitcoin price forecast for year-end despite market skepticism. He identifies $80,600 as Bitcoin's recent bottom, with the asset currently trading at $90,864. Hayes cites anticipated Federal Reserve rate cuts and the conclusion of quantitative tightening as key catalysts for the projected 170% rally.

UK regulatory authorities will require cryptocurrency platforms to report all user transactions beginning in 2026. His Majesty's Revenue and Customs will gain automatic access to domestic and international crypto transaction data for the first time, ahead of the 2027 global information exchange under the Cryptoasset Reporting Framework.

The United Arab Emirates enacted Federal Decree Law No. 6 of 2025, mandating central bank licensing for all cryptocurrency and decentralized finance platforms operating within or from the country. Unlicensed operations face penalties up to 1 billion dirhams ($272 million). The regulation covers virtual assets, DeFi protocols, stablecoins, tokenized assets, decentralized exchanges, wallets, and blockchain infrastructure.

MegaETH terminated its pre-deposit campaign after multiple technical malfunctions pushed contributions to $500 million, well beyond initial controls. An early execution of a Safe multisig transaction, combined with configuration errors and rate-limiting issues, allowed deposits to proceed uncontrolled. The team froze the raise at $500 million and abandoned plans to expand to $1 billion.

The Commodity Futures Trading Commission is establishing a CEO Innovation Council to develop cryptocurrency regulatory frameworks. Acting Chair Caroline D. Pham announced the initiative on November 25, 2025, with nominations due by December 8. The move aligns with pending legislation that could expand the agency's authority over digital assets.

Japan's Financial Services Agency has mandated that cryptocurrency exchanges maintain liability reserves to protect users from losses due to hacks and fraud. The regulatory amendment follows revisions to the Payment Services Law passed in June 2025. Exchanges must hold a portion of customer assets domestically and establish dedicated buffer funds to ensure rapid reimbursements in the event of security breaches or unauthorized outflows.

Bitcoin miners face shrinking profit margins after the network hashrate reached a record 1.1 zettahashes per second in October 2025. Hashprice dropped to approximately $35 per PH/s by November, the lowest level in over five years. Payback periods for new mining equipment now exceed 1,200 days as competition for block rewards intensifies.

The U.S. Securities and Exchange Commission's Division of Corporation Finance issued a no-action letter to Fuse Crypto Limited on November 25, 2025, stating it will not recommend enforcement action regarding the company's FUSE token distribution. The regulator determined the token does not qualify as a security under the Howey test, as it functions as an incentive mechanism rewarding sustainable energy participation rather than an investment vehicle. The approval marks the SEC's second no-action letter in recent months for tokens with practical infrastructure applications.

FG Nexus Inc. saw its share price drop over 7% following disclosure of a 10,922 ETH sale worth approximately $31 million. The Ethereum treasury company combined sale proceeds with a $10 million loan to repurchase roughly 3.4 million common shares at an average price of $3.45 per share. The buyback represents about 8% of outstanding stock under the firm's $200 million share repurchase program.