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AllScale, a self-custody-based global financial platform, has raised $5 million in a seed funding round led by YZi labs, formerly known as Binance Labs, CryptoBriefing reported. The round also saw participation from Infomed Ventures and Generative Ventures. The specific use of the funds has not been disclosed. AllScale is currently an official partner of the BNB Chain.

Ruya, a Sharia-compliant bank in the United Arab Emirates, has partnered with digital asset infrastructure provider Fuze to support Bitcoin trading on its app, Wu Blockchain reported.

Brevis, a Zero-Knowledge (ZK) verification computing platform, announced the launch of the mainnet beta for ProverNet, its decentralized marketplace for generating ZK proofs. The marketplace utilizes a Truthful and Asymptotically Optimal Double Auction (TODA) mechanism to address a key limitation in existing proof infrastructure, where a single setup cannot optimally meet diverse requirements. Payments on the beta platform are settled in USDC. Brevis is currently migrating its production workloads to the marketplace, starting with Ethereum block execution proofs from ETHProofs.org. The company added that upon the full mainnet launch, its native BREV token will be used for payments and staking.

Binance announced on X that it has immediately suspended an employee and is pursuing legal action for using internal information for personal gain. The company stated it received a tip on Dec. 7 regarding the employee's activities. An investigation confirmed that the employee had posted information to an official account related to a specific token that was issued on-chain at 5:29 a.m. UTC that day. Binance deemed the action a clear abuse of authority and a violation of its internal regulations and code of ethics. In addition to the suspension, further disciplinary procedures are underway, and the exchange is cooperating with law enforcement in the employee's region. Binance added that it will strengthen its internal controls to prevent similar incidents and welcomes community monitoring, asking that any future tips be sent via its official email channels.

An address associated with BlackRock's spot Ethereum ETF (ETHA) has deposited 24,791 ETH, valued at $78.3 million, to Coinbase Prime, Lookonchain reported. Coinbase Prime is a prime brokerage platform that provides large-scale trading and custody services for institutional investors.

Institutional investors appear to be accumulating ETH, according to an analysis by on-chain data firm Lookonchain. The firm reported that crypto market maker Amber Group withdrew 6,000 ETH ($18.8 million) from Binance approximately two hours ago. Additionally, Hong Kong-based digital asset manager Metalpha withdrew 3,000 ETH ($9.4 million) from the exchange about three hours ago.

Digital asset investment products saw a net inflow of $716 million last week, marking the second consecutive week of inflows, CoinShares reported in its weekly fund flow report. Bitcoin investment products attracted $352 million, while XRP products saw inflows of $245 million. Additionally, Solana (SOL) and Ethereum (ETH) investment products recorded net inflows of $3 million and $39.1 million, respectively.

Cointelegraph has highlighted four key factors for the Bitcoin market this week. These include the challenge of breaking resistance in the low $90,000s, the upcoming U.S. Federal Reserve interest rate decision, seasonal patterns suggesting the current market bottom may resemble that of 2022, and low leverage and open interest in the derivatives market, which could signal a bullish turn.

ADEN, a hybrid decentralized derivatives exchange acquired by Gate Ventures, has announced the launch of its on-chain explorer. The tool enables users to track and verify a range of DeFi activities, including blockchain transactions and wallet activity. ADEN, along with Hyperliquid (HYPE), Astar (ASTER), edgeX, and Lyra, operates on a hybrid model that matches orders off-chain and records settlement results on-chain in batches.

Crypto asset manager CoinShares predicts that the tokenization of U.S. Treasurys will be a key driver for the growth of the real-world asset (RWA) market in 2026, Cointelegraph reports. In its 2026 digital asset outlook report, CoinShares noted that the RWA market grew rapidly this year, led by tokenized U.S. government bonds. The value of on-chain U.S. Treasurys more than doubled from $3.9 billion at the start of the year to $8.6 billion. The firm expects this trend to continue leading the market, supported by global demand for U.S. dollar yields and the efficiency of blockchain-based payment infrastructure. CoinShares explained that investors tend to prefer Treasurys over stablecoins when yields are secure and risks are low. The report also highlighted that RWA tokenization is increasingly attracting interest from traditional finance and institutional players, with established financial institutions issuing tokenized assets and regulators beginning to recognize blockchain as a reliable infrastructure.

Web3 accelerator Nonce Classic has successfully exited its investment in portfolio company Backed Finance following its acquisition by crypto exchange Kraken, News1 reported. Nonce Classic participated in Backed Finance's Series A funding round late last year. Backed Finance is the issuer of xStocks, tokenized versions of U.S. stocks and exchange-traded funds (ETFs). The tokens, which represent shares in companies like Apple and Tesla, are backed 1:1 by the underlying assets, which are managed through regulated financial institutions, including Swiss banks.

According to CoinNess market monitoring, BTC has risen above $92,000. BTC is trading at $92,003.68 on the Binance USDT market.

South Korean exchange Upbit announced it has applied changes to the circulation plan for BORA (BORA) at the request of the project's team. However, a CoinNess review found no changes in the exchange's disclosed fourth-quarter plan. The circulating supply is set to remain at 1,205,750,000 BORA until November 2028.

The Central Bank of Argentina (BCRA) is considering allowing traditional financial institutions to offer cryptocurrency trading and custody services, FinanceSpeed reported. The move is reportedly aimed at strengthening Know Your Customer (KYC) and Anti-Money Laundering (AML) measures and facilitating taxation. The media outlet added that while the entry of these institutions into the crypto market would intensify competition for existing Virtual Asset Service Providers (VASPs) and improve service quality, the central bank would need to establish new regulations to manage the systemic risks of crypto integration.

Binance announced that it will add NIGHT on Dec. 9. Binance Alpha is an on-chain trading platform within the Binance Wallet that focuses on listing early-stage coins.

South Korean exchange Upbit has announced via its official website that it will change the name and logo of Stratis (STRAX) to Xertra, following the project's rebranding.

Bybit announced via its official X account that it will list ALMANAK for spot trading.

OKX has announced that it will delist the KITE/USDT perpetual futures trading pair at 8:00 a.m. UTC on Dec. 8.

Andrei Grachev, co-founder of the crypto market-making firm DWF Labs, stated on X that the world continues to underestimate the future of both Bitcoin and the broader cryptocurrency industry. He pointed to several bullish indicators, including regulation, the influx of institutional investors, reserves, and tokenization. Grachev added that while making predictions has become more complex than in the past, investing from a mid-to-long-term perspective is now much easier.

Bybit has entered a strategic partnership with USDC issuer Circle to promote the use of the stablecoin across its spot and derivatives offerings, Wu Blockchain reported. The collaboration will also focus on developing cross-chain liquidity and institutional-grade financial solutions. Additionally, Bybit plans to participate in the public testnet for Circle's blockchain network, Arc, to contribute to stablecoin infrastructure development.

Philippine digital bank GoTyme has launched a cryptocurrency service in the Philippines through a partnership with U.S. fintech firm Alpaca, Cointelegraph reported. The new service allows users to buy and hold 11 cryptocurrencies, including BTC, directly within the GoTyme banking app.

The following are the 24-hour long/short ratios for BTC perpetual futures on the top three global crypto futures exchanges by open interest: Overall: 50.23% long, 49.77% short 1. Binance: 50.72% long, 49.28% short 2. OKX: 50.82% long, 49.18% short 3. Bybit: 50.59% long, 49.41% short

The approval of spot cryptocurrency ETFs in South Korea within the year is now effectively off the table due to delays in amending the Capital Markets Act, Electronic Times Internet reported. While four related amendment bills are currently pending, an analysis suggests that bringing digital assets under a regulatory framework has been deprioritized as policymakers focus on reorganizing South Korea’s Financial Services Commission and Financial Supervisory Service, as well as on government measures to stimulate the stock market.

Coinbase has resumed services in India after a two-year hiatus prompted by regulatory issues, TechCrunch reported. Currently, Indian users can only conduct crypto-to-crypto trades. The exchange plans to support cryptocurrency purchases with fiat currency starting next year.

Decentralized exchange Hyperliquid announced that USDC is now directly connected to its Hypercore and HyperEVM layers. This change allows users to deposit native USDC directly into Hypercore. Consequently, the platform's existing Arbitrum bridge will be deprecated, and all USDC will be natively issued.