Bullish reversal signals and rising whale demand increase ZEC’s chances of hitting $500 in December, though some caution remains warranted. Zcash (ZEC) extended its recovery on Tuesday, rising 10.29% in the past 24 hours to over $425, or 41.50% up from the lows of around $300 a week ago. Key takeaways: ZEC eyes $500 as double-bottom signals and whale accumulation support the recovery. Read more
Circle has secured a license in Abu Dhabi, enabling it to operate as a licensed Money Services Provider as the UAE accelerates its rollout of crypto regulations. Stablecoin issuer Circle has secured regulatory approval to operate as a financial service provider in the Abu Dhabi International Financial Center, deepening its push into the United Arab Emirates. In an announcement Tuesday, Circle Internet Group said it received a Financial Services Permission license from the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM), the International Financial Centre of Abu Dhabi. This allows the stablecoin issuer to operate as a Money Services Provider in the IFC. The USDC (USDC) issuer also appointed Saeeda Jaffar as its managing director for Circle Middle East and Africa. The new executive also serves as a senior vice president and group country manager for the Gulf Operation Council at Visa and will be tasked with developing the stablecoin issuer’s regional strategy and partnerships. Read...
NFT sales fell to $320 million in November — their lowest this year — with early December off to a weak start as top collections slide across the board. Non-fungible tokens (NFTs) have fallen to their lowest monthly sales volume this year, with digital collectibles declining by over 66% in market capitalization from their January highs. CryptoSlam data shows that NFT sales declined to $320 million in November, about half of the $629 million recorded in October. The drop pulled the monthly volumes back to levels not seen since September 2024, when digital collectible sales hit $312 million. The data also shows that from Dec. 1-7, NFTs generated $62 million in sales, marking the weakest weekly total of 2025. The slow start to December suggests that the downturn may persist through the month as NFT momentum slows. Read more
Office of the Comptroller of the Currency’s Jonathan Gould says crypto companies should have a path to supervision in the banking system, which can evolve to embrace blockchain. Crypto companies seeking a US federal bank charter should be treated no differently than other financial institutions, says Jonathan Gould, the head of the Office of the Comptroller of the Currency (OCC). Gould told a blockchain conference on Monday that some new charter applicants in the digital or fintech spaces could be seen as offering novel activities for a national trust bank, but noted “custody and safekeeping services have been happening electronically for decades.” “There is simply no justification for considering digital assets differently,” he added. “Additionally, it is important that we do not confine banks, including current national trust banks, to the technologies or businesses of the past.” Read more
The pilot program allows futures commission merchants to accept Bitcoin, Ether and USDC for margin collateral, provided strict reporting criteria are followed. The US Commodity Futures Trading Commission has issued updated guidance for tokenized collateral in derivatives markets, paving the way for a pilot program to test how cryptocurrencies can be used as collateral in derivatives markets. Collateral in derivatives markets serves as a security deposit, acting as a guarantee to ensure that a trader can cover any potential losses. The digital asset pilot, announced by CFTC acting chairman Caroline Pham on Monday, will allow futures commission merchants (FCM) — a company that facilitates futures trades for clients — to accept Bitcoin (BTC), Ether (ETH) and Circle’s stablecoin USDC (USDC) for margin collateral. Read more