Bitcoin Mining Revenues Sink While Hashrate Dips 1%: JPMorgan
Bitcoin mining profits fell for the 4th straight month in November as declining block rewards and a softer hashrate pressured miner revenues and public valuations.
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Breaking Crypto News
FDIC Prepares First Stablecoin Rules Under the GENIUS Act This Month
The FDIC said it will propose its first stablecoin oversight rules under the GENIUS Act before the end of December, outlining how issuers can apply for supervision.
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Kalshi Taps Solana for Major Onchain Expansion as Polymarket Reenters U.S.
Kalshi is moving thousands of its markets to Solana, intensifying its competition with Polymarket as both platforms hit record volumes.
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Strategy Builds $1.44B USD Reserve as Benchmark Dismisses Solvency Fears
Strategy has established a $1.44B reserve to strengthen dividend and debt stability, countering renewed solvency fears as Benchmark reaffirms its bullish outlook.
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Israel Signals Major Shift on Stablecoins as Digital Shekel Plans Accelerate
Israel’s central bank signaled a major policy shift by declaring stablecoins a systemic financial force while accelerating the roadmap for its digital shekel CBDC.
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Japan Proposes Flat 20% Crypto Tax in Major Overhaul to Boost Market Growth
Japan is preparing to introduce a flat 20% tax on cryptocurrency gains, marking a major reform aimed at aligning digital assets with traditional investments.
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Sony Bank Plans 2026 US Stablecoin to Power PlayStation Payments
Sony Bank is preparing to launch a US dollar-pegged stablecoin by 2026 to power PlayStation and broader Sony digital payments, backed by US regulatory steps.
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BitMine Buys Nearly 100,000 ETH in a Week as Market Drops, Bets Big on Fusaka Upgrade
Tom Lee’s BitMine Immersion Technologies has purchased nearly 100,000 ETH in a single week, doubling down on Ethereum ahead of the Fusaka upgrade.
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Trump Says Fed Chair Decision Made as Markets Bet on Hassett
President Trump confirmed he has chosen the next Federal Reserve chair, with markets increasingly betting on economic adviser Kevin Hassett as the frontrunner.
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Yearn Finance Hit by Major yETH Exploit Draining Millions in LST Tokens
Yearn Finance is investigating an exploit on its yETH liquid staking token product after an attacker used an infinite-mint vulnerability to drain millions.
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