In the week that Bitcoin price was strongly adjusted after falling from the $100,000 mark, the cryptocurrency market continued to have a rather gloomy period, but this did not mean a lack of notable updates on development progress and legal activities.

Let's go through all the crypto movements this week with Coin68 to make sure you don't miss any important news!

Fluctuations of top cryptocurrencies compared to 7 days ago. Screenshot from Coin360 at 07:20 AM on 12/01/2025

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📄 News Highlights

Highlights 🔥

- Bitcoin Purchase: MicroStrategy (100 million USD)

- The Vietnamese Government will specifically classify cryptocurrencies to manage, propose Ho Chi Minh City and Da Nang to pilot a cryptocurrency exchange

- U.S. Department of Justice was authorized by the court to sell $6.5 billion in Bitcoin seized from Silk Road

- Coin68 Blog: Top Noteworthy Crypto Events in 2025

Big Cap 💎

- Solana proposes new solutions to expand the network

- Ripple partners with Chainlink to increase DeFi applications for the RLUSD stablecoin

- JamboPhone launches token J and reveals airdrop in January

- Hyperliquid responds to community concerns about the validator issue

- Movement is about to complete a $100 million fundraising round

DeFi and Layer 2 🦄

- Trading volume on DEX compared to CEX has reached a record high

- Phantom Wallet denies rumors of an upcoming token launch

- Solayer announces 2025 roadmap, launches its own chain

- ZKsync activates the Ignite program, TVL explodes by 100%

- Starknet launches the SN Stack toolkit to develop appchains

- Phala Network launches an Ethereum Layer-2 blockchain

- USD0++ price deeply depeg after new changes from Usual

NFT, GameFi, Metaverse and SocialFi 🖼 🎮🌐

- Donald Trump launches an NFT collection on Bitcoin Ordinals

- Arbitrum partners with Lotte Group to develop a metaverse

- Jeju Island (South Korea) launches Tao NFT cards to promote local tourism

Major Organizations 💰

- KULR Technology buys an additional $21 million in Bitcoin

- Backpack acquires the FTX Europe exchange for $32.7 million

Legal and Adoption ⚖️

- The court thwarted the 10-year effort of the IT engineer "sifting through trash" to find a hard drive containing 8,000 Bitcoin

- Bhutan plans to accumulate cryptocurrencies

- South Korea considers lifting the ban on crypto trading organizations

- Thailand pilots crypto payments in Phuket

- United Kingdom officially removes legal barriers for crypto staking services

Compiled by Coin68