The United States Bitcoin ETF increased its holdings by 71,570 bitcoins in November, setting a new record
According to a report by HODL15 Capital, the US Bitcoin ETF purchased 71,570 bitcoins in November, setting a new record high.
Bitcoin mining activity surges, miner revenue increases for consecutive months
Data shows that Bitcoin miners' revenue in November was $1.21 billion, the highest since April's $1.79 billion, thanks to a 29.92% consecutive increase in Bitcoin network transaction fees. However, the total transaction fees were only $38.73 million, lower than the $47.39 million in October.
Meta's stablecoin project terminated due to political pressure
David Marcus, the former head of Meta's Diem project, revealed that although the project met regulatory requirements in 2021, US Treasury Secretary Yellen warned Federal Reserve Chairman Powell that approving Meta's stablecoin would be "political suicide". The Federal Reserve then pressured banks to terminate their cooperation with Meta's stablecoin project, ultimately leading to the project's termination.
South Korea to postpone the implementation of the cryptocurrency capital gains tax
Park Chan-dae, the floor leader of the Democratic Party in South Korea, announced that the policy of levying a 20% digital asset capital gains tax on investors will be further postponed to 2027, after previous postponements in 2021 and 2025.
Japan plans to re-establish regulations for cryptocurrency intermediaries
According to reports, Japan is planning to develop new regulations for cryptocurrency intermediaries outside of exchanges. The Financial Services Agency has already submitted a proposal to the Financial System Council, requiring cryptocurrency intermediaries to inform users, comply with advertising restrictions, and bear relevant compensation liabilities. These lightweight rules aim to strengthen regulation while avoiding excessive operational burdens on related companies.
The Hong Kong Securities and Futures Commission will announce the licensing status of virtual asset platforms by the end of the year
According to reports, the CEO of the Hong Kong Securities and Futures Commission, Julia Leung, confirmed that the licensing status of virtual asset trading platforms in Hong Kong will be announced by the end of the year. While she did not disclose specific review information about the platforms, she stated that the report will focus on some common issues found during the application process.
