Bitcoin saw new warnings of a BTC price breakdown as gold and silver hit new all-time highs in the shadow of Japanese market instability. Bitcoin (BTC) counts down to Christmas at a crossroads with bulls and bears locked in a struggle for control. Bitcoin price targets become increasingly divergent as frustration builds over the lack of a breakout. Japan ruffles feathers with record bond yields as gold and silver smash all-time highs. Read more
Indonesia’s OJK has identified 29 licensed digital asset and crypto trading platforms, just weeks after tightening digital asset rules. Indonesia’s Financial Services Authority (OJK) has published a whitelist of 29 licensed crypto platforms, officially spelling out which exchanges are legally allowed to operate in the country. The list, which includes names of entities and their apps or platforms, is meant to serve as an official reference for users to verify whether a provider is properly licensed before trading. OJK has urged the public to transact only with entities on the list and to treat unlisted platforms as unlicensed operators. Read more
Hyperliquid said that the wallet flagged by its community for insider HYPE shorting belongs to a former employee dismissed in early 2024. Decentralized perpetuals exchange Hyperliquid has addressed community concerns about a wallet that was believed to be linked to the internal team selling large amounts of HYPE (HYPE). Co-founder Iliensinc said on Hyperliquid’s Discord channel Monday that the wallet flagged by the community for shorting HYPE belongs to an ex-employee who was terminated in the first quarter of 2024. “This individual is no longer associated with Hyperliquid Labs, and their actions do not reflect our team’s standards or values,” Iliensinc wrote, referring to the address 0x7ae4…1028. Read more
Japan’s largest corporate Bitcoin holder approved preferred shares with dividends, signaling a shift toward income-focused institutional capital. Metaplanet approved an overhaul of its capital structure on Monday, allowing Japan’s largest corporate Bitcoin holder to raise funds through dividend-paying preferred shares aimed at institutional investors. Investors approved five proposals that collectively expand Metaplanet’s ability to issue preferred shares, introduce new dividend mechanics and open participation to overseas institutional capital, said Dylan LeClair, the company’s Bitcoin strategy director. The approved measures include reclassifying capital reserves to allow for preferred share dividends and potential buybacks, doubling the authorized number of Class A and Class B preferred shares and amending dividend structures to introduce floating and periodic payouts. Read more
Northern Data, which is majority-owned by Tether, sold its Bitcoin mining arm to businesses owned by Tether executives, the Financial Times reports. The Tether-backed data centre operator Northern Data reportedly sold its Bitcoin mining business, Peak Mining, to three companies run by Tether executives. Northern Data was sold for up to $200 million to Highland Group Mining, Appalachian Energy, and an Alberta-based company, run by Giancarlo Devasini, Tether co-founder and chair, and its CEO, Paolo Ardoino, the Financial Times reported on Friday. Filings reportedly show that Highland Group’s directors are Devasini and Ardoino, and the sole director of the Alberta company is Devasini, while it remains unclear who runs Delaware-based Appalachian Energy. Read more
Lawmakers led by Republican Mike Carey argue that current IRS rules penalize stakers with an administrative burden and potentially over-tax unrealized gains. A group of 18 bipartisan US House lawmakers is pushing the country’s tax agency to review its rules on crypto staking taxes before the start of 2026. In a letter sent to Internal Revenue Service acting commissioner Scott Bessent on Friday, the lawmakers, led by Republican Mike Carey, asked for a review and update guidance on “burdensome” crypto staking tax laws. “This letter is simply requesting fair tax treatment for digital assets and ending the double taxation of staking rewards is a big step in the right direction,” Carey said. Read more
Kaspersky found a new malware, dubbed Stealka, that disguises itself as game mods and pirated software to steal crypto wallets, passwords, and browser data. New malware has been discovered that targets crypto wallets and browser extensions while disguising itself as game cheats and mods, said cybersecurity firm Kaspersky. Kaspersky reported on Thursday that it had uncovered a new infostealer dubbed “Stealka,” which targets Microsoft Windows user data. Attackers have used the malware, which was discovered in November, to hijack accounts, steal cryptocurrency, and install crypto miners on their victims’ computers while masquerading as video game cracks, cheats, and mods. Read more