On December 3, the cryptocurrency sector is dynamic. The UK has approved a cryptocurrency property law and plans to prohibit cryptocurrency donations to political parties. Bitcoin has risen to $93,000, and analysts are closely watching the $100,000 mark. US banks are opening up to Bitcoin ETF purchases, and the SEC will push for an exemption for cryptocurrency project innovation. Additionally, there are multiple industry collaborations and upgrades, and various countries are also seeing related regulatory developments. Details are as follows:
1. Regulation and Policy: The UK's cryptocurrency property law has been approved, and there are plans to prohibit political parties from receiving cryptocurrency donations; the US SEC plans to announce an exemption for cryptocurrency project innovation within a month, and the Federal Deposit Insurance Corporation will introduce a stablecoin legal framework this month; Russia plans to ease cryptocurrency regulations, and the President of Poland vetoed a stringent cryptocurrency bill.
2. Market and Prices: Bitcoin surges to $93,000, analysts optimistic about its breakthrough of $100,000; ABTC stock plummets over 50%, funds flowing into digital asset treasury drop to $1.3 billion; Kalshi raises $1 billion, with a valuation of $11 billion.
3. Institutional and Corporate Actions: Bank of America allows wealthy clients to purchase Bitcoin ETFs and opens advisory recommendation rights; Kraken acquires Backed Finance; Taurus integrates Everstake to add staking functions to its custody system; RedotPay collaborates with Ripple to launch crypto withdrawal services for the Nigerian Naira, also supporting OpenEden to expand its government bond tokenization business.
4. Technology and Platforms: Ethereum promotes the Fusaka upgrade to expand Rollup; Coinbase-incubated x402 platform adds identity verification features; Trust Wallet launches prediction markets; Unlimit goes live with a decentralized clearinghouse; Canaan plans to launch a green energy mining platform; CME launches Bitcoin volatility index.
Today's Crypto News Summary
