Publicly listed financial services company SoFi has launched SoFi Crypto, allowing users to trade Bitcoin, Ethereum, Solana, and other crypto assets, while also accessing the company's other banking services. This launch marks the company's first return to the cryptocurrency space since 2023, after it discontinued its cryptocurrency service following "careful consideration."

Coinbase has abandoned its plans to acquire UK-based stablecoin infrastructure company BVNK, ending previously progressing negotiations for a potential $2 billion takeover. A Coinbase spokesperson stated, "After discussing the possibility of acquiring BVNK, both parties agreed not to pursue the matter further."

The Central Bank of Brazil has officially announced a regulatory framework for the cryptocurrency industry, requiring all Virtual Asset Service Providers (VASPs) to obtain a license from the central bank and hold at least 10.8 million to 37.2 million reais (approximately US$2 million to US$7 million) in capital, depending on the type of business. The new regulations bring cryptocurrency activities under the supervision of the foreign exchange and capital markets, requiring companies to regularly report cross-border transaction data and imposing restrictions on transactions involving stablecoins, self-custodied wallets, and cryptocurrency-to-fiat currencies.

According to Polymarket forecasting data, there is a 95% chance that the U.S. government will reopen by the end of this week.

Global payments giant Visa has announced the official launch of its stablecoin payment pilot program, allowing creators, freelancers, and businesses to receive payments directly in USDC (circle-issued currency) through Visa Direct, enabling instant cross-border settlements. Visa stated that during the pilot phase, businesses can initiate payments in fiat currency within the United States, while recipients can choose to receive USDC directly, with funds arriving almost within minutes. This will provide convenience for users in regions with currency volatility or limited bank access. Chris Newkirk, President of Visa's Commercial and Liquidity Solutions, said, "The launch of stablecoin payments means truly achieving 'funds arriving in minutes,' allowing users anywhere in the world to receive income quickly and securely." This pilot program is a further expansion of Visa's stablecoin initiative. In September of this year, Visa launched a "stablecoin pre-charge" pilot program, allowing businesses to use stablecoins to fund Visa Direct accounts. This new program marks the first time end-users can receive payments directly in stablecoins. Recipients must have a stablecoin wallet compliant with Visa standards and pass KYC/AML verification. Visa plans to expand this program to more partners in the second half of 2026; currently, only USDC is supported. Since 2020, Visa has facilitated over $140 billion in crypto and stablecoin transactions and launched more than 130 stablecoin-linked card projects in 40 countries. (The Block)

Morgan Stanley strategist Denny Galindo stated that the crypto market has entered the "autumn phase" of Bitcoin's four-year cycle, meaning the market is in a "harvest season" before a potential peak. He pointed out that historical data shows Bitcoin's price cycles typically follow a "three-up-one-down" pattern, so investors should gradually lock in profits before the "winter" arrives. Galindo said, "We are now in autumn, a time for harvest. But the key question is, how long will this autumn last, and when will winter arrive?" Analysts believe this analogy shows Wall Street is viewing the Bitcoin market through a cyclical asset framework, treating it as a cyclical investment asset similar to commodities or macro liquidity-driven assets. (Cointelegraph)

According to BlockBeats, Nomura Securities now anticipates that the Federal Reserve will keep interest rates unchanged in December. Despite the impact of the U. S. government shutdown on the release of official data, recent indicators suggest that the job market remains resilient source: https://www.binance.com/en/square/post/32277613507010?utm_source=BinanceNewsRSS

According to BlockBeats, Nomura Securities now anticipates that the Federal Reserve will keep interest rates unchanged in December. Despite the impact of the U.S. government shutdown on the release of official data, recent indicators suggest that the job market remains resilient. In a report to clients, Nomura highlighted that Federal Reserve Chair Jerome Powell's unexpectedly firm tone during the October press conference supports their view that the Fed might pause rate cuts after two consecutive reductions. This pause in rate cuts could reignite political pressure on the Federal Reserve, with U.S. President Donald Trump expected to criticize the decision, arguing that it prematurely restricts economic growth as the election year approaches.

Binance announces the delisting of several spot trading pairs, effective November 14, 2025. source: https://coincu.com/news/binance-delist-spot-trading-pairs-2/

Tax collectors across China are going after people who haven't reported money they made from investments in other countries. source: https://www.cryptopolitan.com/china-intensifies-crackdown/

China has accused the U.S. of seizing 127,000 bitcoin, worth around $13 billion, in what it calls a state-backed cyber operation rather than a legal asset confiscation. The U.S. says the coins were linked to a Cambodian crypto fraud case, but China argues the seizure shows government-level involvement.

If the previous cycle was about "cryptocurrencies fighting against regulators," then this cycle is more like "cryptocurrency developers pursuing compliant development within a regulatory framework."

Bitcoin (BTC) surged this week, climbing 6.7% to break past the $106,000 mark as optimism swelled around a U.S. Senate bill expected to end the longest government shutdown in American history.

The next edition of Blockchain Life will take place in Dubai on December 1-2, right on the eve of the Formula 1 Grand prix.

Digital asset treasuries (DATs) have become one of the explosive phenomena of this crypto cycle, but most of these stocks are now marginalized. This article will delve into the root causes of DAT's continued underperformance and the potential risks if the market shifts towards DATs.

Character.AI faced a wave of users quitting after a viral screenshot showed its emotional account deletion message, sparking backlash over manipulation and dependency. The company’s new CEO has since defended stricter safety rules and a ban on under-18 users, saying some user loss is expected.

SoftBank Group is going all-out to fund its $40 billion commitment to OpenAI — liquidating major holdings, issuing debt, and drawing bridge loans in one of the boldest financing maneuvers in its history.

The roundtable discussion at the 2025 Asia Digital Finance Summit looked ahead to cryptocurrency regulatory policies in South Korea, Malaysia, and Indonesia.

This study explores how changes in supply, institutional demand, and volatility suppression reshape the market structure of Bitcoin.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 2875, providing you with the latest and fastest news on the digital currency and blockchain industry.