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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.

Binance announced it has obtained a full suite of licenses from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), becoming the first digital asset trading platform to do so. The exchange plans to operate in Abu Dhabi through three separate licensed entities: an authorized investment exchange, an authorized clearing house, and a broker-dealer.

JPMorgan Chase CEO Jamie Dimon has denied that the bank has ever restricted services for clients based on their political affiliations. In an interview with Fox News, Dimon acknowledged that JPMorgan does engage in "de-banking" for both Democrats and Republicans, but he emphasized that political views are never the reason, Cointelegraph reported. He added that he personally dislikes the practice and supports the Trump administration's efforts to change the rules surrounding it. Dimon's remarks follow claims from several figures in the cryptocurrency industry, including Trump Media CEO Devin Nunes and Strike CEO Jack Mallers, who have alleged that JPMorgan de-banked them without prior explanation.

The latest National Security Strategy document released by U.S. President Donald Trump makes no mention of cryptocurrency or blockchain, Cointelegraph reported. The strategy identifies AI, biotechnology, and quantum computing as key areas of national interest. However, the document does include a plan to expand U.S. financial dominance through digital financial innovation, which has been interpreted as an indirect reference to the crypto industry.

An address believed to belong to Bitcoin investment firm Twenty One Capital has transferred 43,122 BTC, worth approximately $3.94 billion, to a new address beginning with 3MEa4s, according to Lookonchain. Twenty One Capital currently holds 43,514 BTC, making it the third-largest corporate holder of the cryptocurrency after Strategy (MSTR) and MARA Holdings (MARA), excluding spot ETFs.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $111 million liquidated (56.95% longs) - ETH: $182 million liquidated (67.15% longs) - SOL: $23.42 million liquidated (76.85% longs)

The IOTA Foundation, a non-profit organization established in 2017, develops and operates the IOTA distributed ledger technology (DLT) project with a focus on real-world industrial applications. The project has gained attention for its specialized strategy of digitalizing global trade and logistics, moving away from the broader competition among general-purpose Layer 1 blockchains. Recently, IOTA has expanded its use cases by partnering with the Kenyan government and the African Continental Free Trade Area (AfCFTA) to build digital trade infrastructure across Africa. CoinNess spoke with IOTA Foundation co-founder Dominik Schiener about the challenges in global trade and the project's technological and strategic solutions.

Dan Romero, founder of the decentralized social media platform Farcaster, announced a strategic pivot away from a social-centric approach to focus on wallets. In a post on his Farcaster account, Romero stated that the social-focused strategy attempted over the past four and a half years has not been effective. He noted that with a steady increase in wallet users, the platform will now concentrate its efforts in that area. Romero added that Farcaster aims to build a more accessible wallet, viewing all new and retained wallet users as new additions to the protocol. Consequently, future features and product positioning will be wallet-centric. He also mentioned that users who disagree with this new direction are free to use other clients or develop new ones.

South Korean crypto exchange Bithumb has announced it will temporarily suspend deposits and withdrawals for dYdX (DYDX) at 9:30 a.m. UTC on Dec. 8 due to a network upgrade.

U.S.-based stock and crypto trading app Robinhood is set to acquire Indonesian crypto trading firm Pedagang Aset Kripto to expand its presence in the local market, CNBC reported. The acquisition is expected to be finalized in the first half of next year.

According to CoinNess market monitoring, BTC has risen above $91,000. BTC is trading at $91,012 on the Binance USDT market.

A coalition of seven Chinese financial associations, including the China Internet Finance Association, issued a warning on Dec. 5 against participating in or supporting transactions involving the tokenization of real-world assets (RWA). According to the Xinhua News Agency, the groups stated that all cryptocurrency-related business activities—including stablecoins, airdrops, mining, and RWA tokenization—are illegal in China. The associations emphasized that virtual assets do not hold the same legal status as fiat currency and cannot be used as a means of circulation. This warning follows a previous announcement by the People's Bank of China regarding a strict crackdown on illegal activities involving virtual assets such as stablecoins.

Bittensor (TAO) is scheduled to undergo its first halving event on Dec. 14, which will reduce its daily issuance from 7,200 TAO to 3,600 TAO, Cointelegraph reported via its official X account. According to CoinMarketCap, TAO is currently trading at $277.81, down 1.85% over the past 24 hours.

CoinMarketCap's Altcoin Season Index is currently at 18. The index is calculated by comparing the price performance of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins, against Bitcoin. An "altcoin season" is indicated when 75% of these top coins have outperformed Bitcoin over the past 90 days. A score closer to 100 suggests an altcoin season, while the current low figure points to a "Bitcoin season."

According to data from Tokenomist, several major token unlocks are scheduled for this week, from Dec. 8 to Dec. 14. On Dec. 10 at 11:00 a.m. UTC, 1.38 billion LINEA tokens, valued at $10.75 million and representing 6.76% of the circulating supply, will be released. This will be followed by the unlock of 11.31 million Aptos (APT) tokens at 4:00 p.m. UTC on Dec. 11, worth $19.23 million and accounting for 0.80% of the circulating supply. Finally, on Dec. 13 at 12:00 a.m. UTC, 20.81 million Cheelee (CHEEL) tokens will be unlocked, valued at $10.82 million and making up 2.86% of the circulating supply.

South Korean crypto exchange Upbit has frozen 2.6 billion won ($2 million) in assets linked to fraudulent activity, Financial News reported on Dec. 8. The exchange, operated by Dunamu, is now using its proprietary on-chain automatic tracking service (OTS) to trace the path of the digital assets that were moved off-platform.

An address suspected to belong to Ethena (ENA) Labs withdrew an additional 25 million ENA, worth $7.05 million, from Bybit approximately 15 minutes ago, according to Onchain Lens. The address, which begins with 0x631e, now holds 779.89 million ENA valued at $270 million.

Dec. 9 - 3:00 p.m. UTC: U.S. Department of Labor releases September JOLTS report. Dec. 10 - 7:00 p.m. UTC: U.S. interest rate decision, FOMC statement, and economic projections (dot plot) released. - 7:30 p.m. UTC: FOMC press conference. Dec. 11 - 1:30 p.m. UTC: U.S. initial jobless claims released. - 9:30 p.m. UTC: U.S. Federal Reserve releases data on reserve balances and its balance sheet.

CME Bitcoin futures opened at $89,820 after the weekend, creating a gap of approximately $395 from the previous session's close of $89,425. A CME futures gap is the space on a chart between the closing price on Friday and the opening price on Monday. This occurs because the CME is closed on weekends, while the Bitcoin spot market operates 24/7. The gap tends to be larger when the spot price experiences significant volatility over the weekend. Consequently, traders are monitoring the potential for the futures price to move back and fill this gap.

The Crypto Fear & Greed Index from data provider Alternative stands at 20, unchanged from yesterday, maintaining a state of "Extreme Fear." The index measures market sentiment on a scale where 0 indicates extreme fear and 100 represents extreme optimism. It is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

The recent Bitcoin correction is approaching a bottom signal, with December potentially serving as a turning point, according to an analysis by K33 Research. The firm noted that while selling pressure has come from net ETF outflows and reduced CME futures trading, these factors are mitigated by a low leverage burden and a strong support zone between $70,000 and $80,000. K33 Research also explained that it expects a structural uptrend driven by favorable, crypto-friendly policy changes.

zkSync (ZK) announced on X that it will phase out its zkSync Lite service next year. The company explained that the move represents the shutdown of a system that has already served its purpose and will not impact the main zkSync network. Launched in 2020, zkSync Lite was Ethereum's first ZK rollup, supporting features such as token transfers and NFT minting.

Carlos Domingo, CEO of security token platform Securitize, emphasized in an interview with Decrypt that liquidity, not just expanded accessibility, is the key to the tokenized asset market. He explained that tokenizing an illiquid asset does not automatically make it liquid, using shares in Manhattan real estate and Pokémon cards as examples of assets that would remain illiquid even in token form. Domingo noted that the current market is expanding by tokenizing highly liquid assets like cash and U.S. Treasurys, adding that future technological advancements could potentially improve asset liquidity.

The Canada Revenue Agency is conducting its second cryptocurrency tax investigation, targeting some users of Dapper Labs, the developer of the Flow (FLOW) blockchain, The Block reported. Over the past three years, Canada has collected approximately 100 million Canadian dollars from tax investigations related to cryptocurrency.