SoFi Technologies will be the first U.S. bank to adopt the Bitcoin Lightning Network and Universal Money Address for international money transfers, partnering with Lightspark to offer low-cost remittances starting with Mexico.

Wyoming has launched the Frontier Stable Token (FRNT), a landmark Visa-supported stablecoin issued directly by a U.S. state agency, the Wyoming Stable Token Commission, fully backed by U.S. dollars and short-term Treasury bills.
FRNT debuted on Tuesday with multichain compatibility, launching

U.S. Treasury Secretary Scott Bessent said on Fox Business that the government would not purchase bitcoin to grow its new Strategic Bitcoin Reserve, which currently holds an estimated $15–20 billion in assets seized by law enforcement
Instead, he said the reserve would be expanded through future c

Lookonchain flagged a sale of 1,695 ETH linked to the Ethereum Foundation, prompting Co-Executive Director Hsiao-Wei Wang to clarify it was not a Foundation operation, noting their significant reduction in ETH holdings since the 2014 ICO.

Bullish debuted on the NYSE with shares rising 143% to $90, briefly reaching a $13 billion market cap. The company aims to enhance its trading operations through a partnership with the Solana Foundation.

Bitcoin reached a record high of $124,457, with trading volume rising 31% to $95.3 billion. This surge led to $130 million in BTC short liquidations. The price rally is supported by strong ETF inflows and expectations for looser U.S. monetary policy.

Do Kwon, co-founder of Terraform Labs, pled guilty to two counts of fraud, agreeing to forfeit over $19 million. His maximum sentence could be 25 years, but prosecutors may recommend a 12-year term if he complies with the agreement. Sentencing is on Dec. 11.

Circle is launching Arc, a new layer 1 blockchain focused on enterprise applications for stablecoin payments and capital markets. The public testnet will launch this fall, with a mainnet beta in 2026, aiming for high transaction speeds and EVM compatibility.

Qubic, led by former IOTA co-founder Sergey Ivancheglo, claims to have gained 51% control of Monero's hashrate, enabling potential transaction censorship and double-spending. The project reported a 6-block chain reorganization, prompting warnings about Monero’s security.

Ether's price surged 9% to $4,708, nearing its all-time high. BitMine plans a $20 billion equity raise for more ETH, aiming for 5% of total supply. Analysts project ETH could reach $7,000-$15,000 by year-end as Solana also spikes 15%.

ALT5 Sigma Corporation is raising $1.5 billion through a stock offering and private placement to fund WLFI tokens, selling 200 million shares at $7.50 each. Post-deal, they will own 7.5% of WLFI supply, with notable board appointments. Share prices fell 26% after the announcement.

Stripe is developing a new payments-focused layer 1 blockchain, Tempo, with Paradigm to enhance stablecoin processing. This aligns with their crypto strategy, including recent acquisitions and the U.S. regulatory clarity on stablecoins.

World Liberty Financial is planning to create a Nasdaq-listed company for its WLFI tokens, aiming to raise $1.5 billion. Discussions with key tech and crypto investors are ongoing as the firm seeks to establish a DeFi and stablecoin platform.

Bo Hines has resigned as Executive Director of the White House Crypto Council after seven months. His deputy, Patrick Witt, is expected to succeed him. Hines advocated for limited regulation and opposed CBDCs during his tenure.

Ethereum's ether token hit $4,000 for the first time since December 2024, rising to $4,340, leading to $156 million in liquidations for short sellers. Increased investor flows into ETH ETFs have contributed to this surge, outpacing Bitcoin inflows.

President Trump's executive order ends Operation Chokepoint 2.0, restoring banking services for crypto businesses by removing "reputational risk" from regulations. The order also calls for a review of debanking cases linked to protected beliefs.

Solana has begun shipping over 150,000 Seeker smartphones, designed for crypto users. The device improves usability with one-click transaction approvals and includes a Seed Vault for secure storage and staking SOL directly. Priced at $450, it also offers a Genesis Token for app access and rewards.

MetaMask may launch its own stablecoin, mmUSD, backed by Stripe, according to a deleted proposal on Aave’s governance forum. The initiative aims to enhance liquidity in decentralized protocols while using the M^0 network for efficient onchain transactions.