According to PANews, the European Union's executive body has unveiled a proposal to transfer more regulatory and enforcement authority to its market oversight agency, sparking a debate among national regulators about ceding power to Brussels. The proposal, announced on Thursday, suggests granting the Paris-based European Securities and Markets Authority (ESMA) new powers over significant clearinghouses, central securities depositories, and trading venues. Less than a year after introducing a national regulatory framework for cryptocurrency companies, these entities and pan-European market operators are now included under ESMA's jurisdiction. The centralization of most market regulatory powers within the EU requires approval from both the European Parliament and the Council of Member States, with some member countries strongly opposing the move. The proposal aims to bolster ESMA's authority and resources, establishing a board of five independent members with terms of up to five years. The EU budget will cover preparatory costs, while trading venues, central securities depositories, and crypto asset service providers will bear ongoing expenses. To streamline European market operations, the European Commission plans to amend legislation, limiting member states from imposing additional requirements on securities issuers, simplifying licensing processes to enhance cross-border central securities depository services, and integrating distributed ledger technology into the regulatory framework. Negotiations on this comprehensive plan are set to begin in January, with Cyprus assuming the rotating presidency of the EU Council at that time.

A US judge has ordered OpenAI to hand over 20 million anonymised ChatGPT conversation logs to several news organisations as part of a copyright lawsuit. The case examines whether the AI reproduced copyrighted articles without permission, despite OpenAI’s concerns over user privacy.

The past six months have forced the industry to confront an uncomfortable truth: the cloud’s biggest weakness isn’t hardware or cybersecurity; it’s centralization. The internet’s most trusted infrastructure providers have become its most dangerous single points of failure. Multiple AWS and Cloudflare disruptions, triggered by configuration errors, spread beyond their origins, stalling platforms, crypto exchanges, […] source: https://www.cryptopolitan.com/when-cloud-control-fails-the-internet-feels-it-its-time-for-decentralized-rpc-to-step-in/

Revolut, a digital banking app, has officially added native Solana (SOL) support, allowing its users to make payments with, transfer, and even stake SOL within the app. Until now, Revolut had limited Solana support to trading and investment products, but the latest update, announced on December 3, offers greater flexibility. In addition to the above-mentioned features, users can now explore peer-to-peer (P2P) payments and withdrawals, as well as send, receive, and pay over the Solana network using not only its native token but also Tether (USDT) and USD Coin (USDC). Already integrated with Cash App, Venmo, and Western Union, Solana is now leaving an even bigger footprint in global financial technology (Fintech) source: https://finbold.com/revolut-brings-solana-payments-to-65-million-users-globally/

According to BlockBeats, several key U.S. economic indicators are scheduled for release. At 20:30 UTC+8, the November Challenger job cuts report will be announced, followed by the initial jobless claims for the week ending November 29 at 21:30 UTC+8, with expectations set at 220,000 claims. Additionally, at 23:00 UTC+8, the November Global Supply Chain Pressure Index and the September factory orders monthly rate will be published. Despite the significance of the employment data, the market is heavily betting on a 25 basis point interest rate cut by the Federal Reserve in December. As of the latest update, the probability of this event occurring on Polymarket has reached 94%.

On December 2, XRP Ledger (XRPL) velocity climbed to 0. source: https://finbold.com/xrp-ledgers-circulation-velocity-spikes-to-highest-level-in-2025/

USDT, stablecoin, and the strong counterattack of the RMB: Stablecoins have become "risky assets." Golden Finance reports that in the past six months, the RMB has quietly completed a "comeback."

The trading system is idle for 73% of the remaining time from Monday to Friday. How can we solve this problem?

A 21-year-old Ukrainian student in Vienna was tortured and set on fire after attackers forced him to give passwords to his cryptocurrency wallets, which they emptied before his death. Two suspects fled to Ukraine with the stolen crypto and were arrested three days later, highlighting the rising risk of violent attacks on crypto holders.

Overall, the attitude of mainland judiciary and regulators toward virtual assets is gradually shifting from "complete rejection" to "classification and differentiated treatment," while the cross-border regulatory landscape is also being rapidly reshaped.

On December 1, 2025, the long-established decentralized yield aggregation protocol Yearn was attacked, resulting in a loss of approximately $9 million.

The Venezuelan traveler's checks market from 1983 to 1996 serves as a powerful yet poorly studied historical case study for simulating stablecoins. It demonstrates that under financial repression, markets will invariably construct parallel price discovery mechanisms.

A flaw in a MediaTek chip used in many Android phones lets attackers take full control of the device, and it cannot be fixed because it sits in the chip’s hardware. Ledger says this makes storing crypto keys on affected phones unsafe, as the weakness allows attackers to bypass security during startup.

This rebound has significantly improved market sentiment, reshaped key support levels technically, and released potential participation intentions in terms of capital, but it is still some distance away from a trend-driven bull market.

Prediction, Crypto Market, HTX Research's Latest Report Analyzes Prediction Markets: From Structural Dilemmas to the Possibility of Attention Economy Infrastructure. Golden Finance reports that prediction markets have seen significant growth over the past year.