Bitcoin traded close to $90,000 during Friday's Asian session as regional equity markets opened with mixed performance. The largest cryptocurrency fluctuated in a narrow range while investors weighed whether recent gains in both digital assets and stocks can sustain momentum amid growing expectations for Federal Reserve rate cuts in December.

The California Public Employees' Retirement System has seen its Strategy (MSTR) investment decline to approximately $80 million from over $144 million, following a 45% drop in the stock this quarter. The pension fund acquired 448,157 shares in Q3 but has faced losses amid broader market weakness. JPMorgan analysts warn that Strategy faces potential removal from major equity benchmarks, which could trigger up to $2.8 billion in outflows from passive funds.

South Korean crypto exchange Upbit disclosed a security incident on November 27 involving approximately $36m in Solana-based assets transferred to an unknown wallet. The platform immediately suspended deposit and withdrawal services and committed to covering all losses from its own reserves without impacting customer balances. The breach occurred nearly six years after Upbit lost 342,000 ETH to North Korean actors in a November 2019 attack.

Robinhood Markets and Susquehanna Group have agreed to purchase a 90% stake in regulated exchange LedgerX from Miami International Holdings. The partners will operate LedgerX as an independent exchange through a joint venture, with Robinhood holding majority control. Miami International Holdings will retain a 10% strategic stake. The acquisition positions Robinhood to expand into event-driven crypto markets and launch a futures and derivatives platform focused on prediction markets.

Kevin Hassett, White House National Economic Council director, has emerged as the front-runner for Federal Reserve chair as President Donald Trump narrows his selection. Hassett disclosed owning $1m to $5m in Coinbase stock and receiving over $50,001 from the exchange for advisory work, according to Office of Government Ethics filings. Treasury Secretary Scott Bessent has completed second-round interviews with finalists, with Trump likely to announce a decision before December 25, 2025.

Asian equity markets opened higher Wednesday as traders increased risk asset exposure. Bitcoin held near $87,000 while regional stocks gained on growing expectations of a Federal Reserve rate cut in December. MSCI's Asia-Pacific index outside Japan climbed approximately 1% in early trading.

Galaxy Digital is negotiating agreements to provide liquidity on prediction market platforms Polymarket and Kalshi. The crypto infrastructure firm would function as a market maker, posting continuous buy and sell orders to deepen trading activity. CEO Mike Novogratz said the company is conducting small-scale market-making experiments, with broader liquidity provision expected in the future, according to Bloomberg.

Bitcoin traded around $87,000 as Asian stock markets opened higher on Tuesday, extending Wall Street's gains from the previous session. Regional equities advanced amid growing confidence that the Federal Reserve will cut interest rates at its December meeting. Fed Governor Christopher Waller signaled support for a rate reduction next month, while money markets now price in roughly a 90% probability of a December cut.

South Korea's Financial Intelligence Unit is proceeding with enforcement actions against major domestic cryptocurrency exchanges for alleged anti-money laundering violations. The regulator plans to issue institutional fines and individual sanctions following on-site inspections completed at Upbit, Bithumb, Coinone, Korbit, and GOPAX. The enforcement follows sequential reviews conducted since August 2024, with penalties potentially reaching hundreds of billions of won across the sector.