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.

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%.

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.

OKX market data shows that BTC rebounded and broke through 104,000 USDT, currently trading at 104,003.8 USDT, with the 24-hour gain narrowing to 0.95%. (This news item was generated with AI assistance.)

The newly launched Cardano card offers users the exciting opportunity to spend their ADA cryptocurrency in as many as 130 countries around the globe. This development represents a significant step forward for the adoption of Cardano, allowing holders to utilize their digital assets in everyday transactions. As the integration of this card gains traction among users, analysts are optimistic about the potential for ADA's price to recover, with projections suggesting it could rise toward $0.70 in the near future. This recovery may be driven by increased demand for the currency as more users engage with the Cardano ecosystem, along with favorable market conditions that could support a resurgence in its value. source: https://blocknews.com/new-cardano-card-lets-users-spend-ada-in-130-countries-here-is-how-price-could-recover-toward-0-70/

Expanding outside the US, Coinbase Business launches in Singapore to give startups and SMEs a unified platform for USDC payments, asset management and more. source: https://cointelegraph.com/news/coinbase-business-singapore-first-international-expansion?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

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.

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.