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.

Tether has hired two senior gold traders from HSBC to expand its growing bullion operations, adding to its $12 billion in physical gold reserves. The move marks a deeper push into hard assets as the company shifts its stablecoin backing away from traditional fiat investments.

In a recent report, Wall Street brokerage Bernstein stated that as the U.S. crypto regulatory framework gradually takes shape, the country is moving towards a crucial stage in becoming a global crypto capital hub. The report points out that the enactment of the GENIUS Act has driven the expansion of the stablecoin market, pushing the total supply of dollar-denominated stablecoins above $260 billion. The CLARITY Act, expected to be introduced by the end of 2025, will for the first time clearly define the market structure of U.S. digital assets, clarify the regulatory boundaries between the SEC and CFTC, and end years of regulatory uncertainty. Bernstein's analyst team stated that Project Crypto, led by SEC Chairman Atkins, is at the heart of this transformation, aiming to deeply integrate the securities market with blockchain infrastructure and exclude most crypto assets from securities laws, thereby allowing tokenized stocks and bonds to circulate under a unified regulatory system. The report also points out that US crypto ETF assets have reached $160 billion, with institutional investors accounting for about a quarter; since the beginning of 2024, crypto companies have raised over $4 billion in IPOs, and the total market capitalization of listed crypto companies has increased from $80 billion to $380 billion. Coinbase and Robinhood have been included in the S&P 500 index. Bernstein believes that a clear regulatory path, the return of institutional capital, and the maturity of on-chain financial infrastructure are driving a more sustainable new crypto cycle (CoinDesk).

This article will explore how changes in supply structure, institutional demand, and declining volatility are reshaping the market structure of Bitcoin.

According to Foresight News, Bitcoin has surpassed the 104,000 USDT mark, currently trading at 104,008.05 USDT. This represents a daily increase of 0.92%.

Visa sees a significant opportunity in the creator economy, which is projected to reach $500 billion by 2027, according to the payment giant. source: https://cointelegraph.com/news/visa-stablecoin-pilot-gig-worker-payments?utm_source=rss_feed&utm_medium=rss%3F_refresh%3D9pa0sm%26cb%3D9pa0sm%26_dc%3D1762937053623&utm_campaign=rss_partner_inbound

Visa debuts USDC payment program for fast cross-border transfers to freelancers. source: https://coincu.com/news/visa-usdc-global-payment-pilot/

In an episode of the Empire podcast, Phantom Wallet CEO Brandon Millman stated that the company has no plans to launch its own blockchain or pursue an IPO. The current focus remains on the Solana ecosystem and products and services for general users. Brandon pointed out that creating a proprietary blockchain contradicts the openness and composability principles of the crypto industry. Phantom will continue to deepen its presence in the Solana ecosystem and launch new products such as the stablecoin financial service Phantom Cash and the upcoming trading terminal Phantom Terminal. The team currently has no plans to develop products for institutional users. Regarding the possibility of an IPO, Brandon stated that Phantom does have the potential to become one of the few on-chain consumer companies with the qualifications to go public, but it will not pursue that process at present. Rather than bearing the operational burden of a post-IPO listing, Phantom prefers to rely on the support of existing investors such as A16Z, Paradigm, and Sequoia Capital to continue driving business development through private equity financing.

On Nov 12, 2025, 08:37 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 104,000 USDT benchmark and is now trading at 104,051.25 USDT, with a narrowed narrowed 0.92% decrease in 24 hours.

Stablecoin payment company Transak has just secured six U.S. state Money Transmitter Licenses (MTLs) in six different states—, in Iowa, Kansas, Michigan, South Carolina, Vermont, and Pennsylvania — in its mission to achieve direct licensing coverage across all 50 states.

Why the most overlooked asset in cryptocurrency may actually be the most important asset.

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.