Aave founder Stani Kulechov says the new HMRC guidance on DeFi lending and borrowing could become a major turning point for the entire crypto industry.
Regulatory clarity = capital inflows. The UK might accidentally kick off the next wave.
INDIAN users Sign Up again after more than 2 years and will add a fiat on-ramp NEXT year.
-> Coinbase had launched in 2022, but UPI support was blocked after NPCI refused to acknowledge them. -> In 2023, Coinbase fully off-boarded Indian users and shut down services. -> Coinbase engaged with the FIU and registered with them this year.
Crypto VC funding is starting to come back, but the number of deals is still low. That detail matters more than the headline number.
It means money hasn’t disappeared. It’s just being careful.
Funds aren’t chasing every token or trend like they did in the last cycle. They’re writing fewer checks, taking more time, and putting real money behind teams they actually think can make it through the next few years.
This usually happens after the excess is gone. Not at peaks. Not when things are euphoric. It’s what the market looks like when builders stick around and capital gets patient.
Most people still judge the market by price. VCs are clearly focused somewhere else -- who’s building, who survives, and who’s worth backing before the crowd notices.
BREAKING: The Federal Reserve Just Ended Quantitative Tightening. What Comes Next Changes Everything.
While markets obsess over rate cuts, Wall Street’s sharpest minds are focused elsewhere.
The real story: Fed officials are expected to announce Reserve Management Purchases at the December 10 FOMC meeting, initiating $20 to $40 billion in monthly Treasury bill acquisitions starting January 2026.
They will not call it Quantitative Easing.
But the math speaks for itself.
At the upper range, this injects $480 billion in fresh liquidity annually into a financial system where bank reserves just touched $3 trillion, their lowest level since the repo crisis of 2019.
Evercore ISI projects $35 billion monthly. UBS forecasts $40 billion. Goldman Sachs expects $20 billion net. The spread reveals uncertainty. The direction reveals intent.
Three years of balance sheet reduction. $2.4 trillion drained from markets. Now the tide reverses.
The mechanism is elegant: maturing mortgage backed securities, running off at $15 to $19 billion monthly, get reinvested into short duration T-bills. Duration shortens. Liquidity expands. The Fed maintains plausible deniability.
Mark Cabana of Bank of America warns investors are “underestimating” what the balance sheet announcement will deliver. Above $40 billion signals accommodation. Below $30 billion signals restraint.
The repo market already knows. SOFR rates have repeatedly breached the Fed’s policy corridor ceiling. The banking system is signaling: reserves are shifting from abundant to adequate, with scarcity looming.
For risk assets, this changes the calculus.
For inflation hawks, this raises the specter of policy error.
For those paying attention, this is the pivot hiding in plain sight.
December 10. Watch the implementation notes.
The era of tighthat ended. The era of managed expansion begins.
BREAKING: The Entire World Got China's Crypto Crackdown Backwards
Wall Street. The Fed. Every major analyst. All wrong.
Not partially wrong. Directionally wrong.
IMF Working Paper WP/25/141 just revealed what nobody wanted to see:
China is not hemorrhaging capital through stablecoins.
China is RECEIVING it.
$18 billion NET INFLOWS.
Read that again.
The "$50 billion capital flight" narrative that shaped every institutional thesis, every regulatory response, every geopolitical analysis for five years traces to a 2020 footnote covering ALL of East Asia, explicitly labeled "an absolute ceiling."
It was never confirmed. It was never China-specific. It was never accurate.
The IMF found $153 billion in gross flows. Chainalysis found $28 billion. A 5.5x gap. Why? Chainalysis assumes no VPN usage. In China. Where ALL exchange access requires VPNs.
The methodology was broken from day one.
Now the pattern nobody can explain:
Every Chinese crypto ban since 2013 has been followed by Bitcoin reaching new all-time highs.
2013 ban: Bitcoin hit $19,783. 2017 ban: Bitcoin hit $19,783. 2021 ban: Bitcoin hit $68,789. 2025 ban: Bitcoin holds six figures. Four years after "comprehensive prohibition," China still runs 14 to 21 percent of global hashrate. 59 million users. $75 billion in OTC volume. Beijing is not building a wall. Beijing is building a gate.
Hong Kong processes institutional tokenization while retail stays blocked. State brokerages obtain crypto licenses while individuals face prosecution. Yuan stablecoins launch in Kazakhstan while dollar stablecoins get criminalized domestically.
This is not isolation. This is monetary sovereignty competition on terms the West has not yet recognized.
The consensus is positioned for permanent bifurcation.
The evidence points to adjustable aperture.
Fortunes will be made and lost on which interpretation proves correct.
The data is public. The pattern is clear. The question is who adjusts first.
EUROPEAN BANKING GIANT JUST OPENED CRYPTO TO MILLIONS
France’s BPCE -- a €1.3 trillion banking group and one of Europe’s largest retail banks, is rolling out crypto trading to 2 million retail clients directly inside its banking platform.
This is a major European bank offering $BTC, $ETH, $SOL, and stablecoins as part of standard banking services.
BPCE serves 35+ million customers across France through brands like Banque Populaire and Caisse d’Épargne. Starting with 2M clients means real scale from day one, not an experiment.
This is what mainstream adoption actually looks like, large banks quietly integrating crypto into everyday finance, one country at a time.