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Coinbase CEO Brian Armstrong stated on X that of the 10 U.S. states that sued the company over its staking services earlier this year, only five now remain. He highlighted the situation in Maryland, where a complete ban on staking has prevented the payout of $8 million in rewards to local users. Armstrong added that the total amount of damages is continuing to increase.

Nasdaq-listed Bitcoin buyer KindlyMD (NAKA) has entered into a 210 million USDT loan agreement with Payward Interactive, the operator of the Kraken exchange, The Block reported. The loan carries an 8% annual interest rate and matures on Dec. 4, 2026. KindlyMD plans to use the funds to repay a loan from Antalpha (ANTA), a partner of Tether (USDT).

South Korean crypto exchange Bithumb has designated Klaydice (DICE) as an investment warning item. The exchange explained that the decision was made due to the project's failure to promptly disclose crucial information that could significantly affect the asset's value, such as its business plans. Bithumb added that a comprehensive review of the project's business progress and its trading status on domestic and overseas markets revealed numerous shortcomings.

Whale Alert reported that 1,660,919 SOL has been transferred from an unknown wallet to Coinbase Institutional. The transaction is valued at about $229 million.

AI infrastructure firm Gensyn has announced a public sale for its native token, AI, on the Ethereum mainnet-based token sale platform Sonar. The sale will allocate 300 million tokens, representing 3% of the total supply, with the price to be determined within a fully diluted valuation (FDV) range of $100 million to $1 billion. Payments can be made with USDC or USDT on the Ethereum mainnet, with a minimum bid of $100. Gensyn stated that its testnet is growing rapidly and it plans to offer additional incentives to participants, including priority allocation, a multiplier to increase purchase amounts, and GPU workstations for top contributors.

JPMorgan has stated that it is premature to declare a crypto winter and that the potential for a price increase remains, Decrypt reported, citing a note from the bank. The report noted that BTC closed November down 9% from January, marking the first time since May 2023 that the cryptocurrency has posted a year-over-year decline. JPMorgan explained that crypto prices were temporarily inflated following President Donald Trump's re-election, with the total crypto market capitalization subsequently falling by over 20% and significantly impacting trading volumes. However, the bank highlighted that total stablecoin trading volume has increased for 17 consecutive months. JPMorgan concluded that the current market downturn does not necessarily indicate a structural deterioration of the crypto ecosystem and maintains a positive outlook. The report comes as JPMorgan CEO Jamie Dimon, once a vocal critic of crypto, has recently shifted his stance, acknowledging cryptocurrencies and blockchain as key future technologies in media interviews.

According to CoinNess market monitoring, BTC has fallen below $92,000. BTC is trading at $91,999.86 on the Binance USDT market.

Jeffrey Sprecher, CEO of Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), said that more than half of the firm's clients are showing interest in prediction markets like the crypto-based Polymarket, Bloomberg reported. He explained that while these clients have traditionally invested in commodities such as oil, gas, and cocoa, the atmosphere has recently changed significantly. In October, ICE announced a $2 billion investment in Polymarket and a plan to collaborate on future tokenization initiatives.

Aave (AAVE) Labs announced it has submitted a governance proposal to launch Aave V3 on MegaETH, an Ethereum Layer 2 network.

A Bitcoin OG, identified by the address "1011short," has deposited an additional 50 million USDC into Hyperliquid to expand a five-times leveraged long position on ETH, according to Onchain-Lenz. The total position is valued at 80,985 ETH with an entry price of $3,108 and a liquidation price of $1,653. The position is currently showing an unrealized profit of $16.9 million.

An anonymous co-founder of the AI-based crypto trading platform Bankr, known as deployer, has announced plans to launch a mini-app called Bankr Swap. The application will enable users to create on-chain orders on external wallets, with initial support for the Base network.

Strive, a Nasdaq-listed asset management firm that holds Bitcoin, announced it is pursuing a $500 million offering of Series A perpetual preferred stock. A portion of the proceeds will be used to purchase additional BTC.

Ethena Labs withdrew 1.59 billion ENA, valued at $440 million, from Coinbase Prime approximately 10 minutes ago, Onchain Lens reported.

CoinMarketCap's Altcoin Season Index now stands at 18, a one-point decrease from yesterday. The index is calculated by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped tokens, against that of Bitcoin. An altcoin season is indicated when 75% of these top coins outperform Bitcoin over the past 90 days, while the opposite is considered a Bitcoin season. A reading closer to 100 suggests the market is in an altcoin season.

Dunamu, the operator of South Korean cryptocurrency exchange Upbit, held 98.33% of its assets in offline cold wallets as of the end of October, Yonhap News reported. The company plans to increase this proportion to over 99% and aims to reduce the percentage of assets stored in hot wallets to under 1%.

Pro-crypto U.S. Senator Cynthia Lummis is engaged in difficult negotiations with the White House over key aspects of a cryptocurrency bill, CoinDesk reported. The two sides are reportedly at an impasse over the potential inclusion of an ethics provision. Lummis is advocating for a clause that would prevent senior officials from profiting from industries they oversee, a proposal the White House views with skepticism. The media outlet explained that the disagreement is proving difficult to resolve because the issue involves President Donald Trump, his family, and the heads of his administration.

The Crypto Fear & Greed Index rose four points from yesterday to 26, shifting from the Extreme Fear stage to the Fear stage as investor sentiment improved, according to data from Alternative. The index indicates extreme market fear closer to 0 and extreme optimism closer to 100. It is calculated based on factors including volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin dominance (10%), and Google search volume (10%).

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins intends to accelerate the push for cryptocurrency policy next year, according to The Block. He stated that current efforts are merely preliminary and that several initiatives under preparation will soon yield tangible results. Atkins highlighted several key tasks, including establishing a "token taxonomy" to determine whether a token qualifies as a security, "Project Crypto" for amending digital asset regulations, and an "innovation exemption" for cryptocurrency companies.

The memecoin Trump (TRUMP) announced on its official X account that it plans to launch a mobile game themed on President Trump. A total of $1 million in TRUMP will be offered to participants who join the free waitlist. The game is slated to operate using OpenLoot technology.

In an interview with Decrypt, U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins stated that a significant number of Initial Coin Offerings (ICOs) possess non-security characteristics and may not be subject to SEC regulation. Atkins specified that tokens used for network utility, digital collectibles, or as tools are not subject to securities laws. He argued that such ICOs should instead fall under the jurisdiction of the Commodity Futures Trading Commission (CFTC).

Coinbase announced it has postponed the listing of PLUME. Trading is now scheduled to begin around 5:00 p.m. UTC on Dec. 10, provided liquidity conditions are met.

Real-world asset (RWA) tokenization network Real Finance has secured $29 million in a private funding round, Cointelegraph reported. The round included participation from Nimbus Capital, Magnus Capital, and the Precaz Group. The company plans to use the capital to establish a regulatory compliance framework and upgrade its operational systems.

Whale Alert reported that 300,000,000 USDC has been transferred from Coinbase Institutional to an unknown wallet. The transaction is valued at about $300 million.

Tidal Trust has filed an application (N-1A) with the U.S. Securities and Exchange Commission (SEC) to list the Nicholas Bitcoin & Treasury AfterDark ETF, Cointelegraph reported. The proposed fund is designed to hold Bitcoin exclusively during U.S. after-hours trading and would liquidate its position at the market open. During regular trading hours, its assets would be allocated to U.S. Treasurys, money market funds, and cash equivalents. Bloomberg ETF analyst Eric Balchunas noted that the ETF could potentially outperform existing products, as most of Bitcoin's returns are generated outside of regular market hours.

Whale Alert reported that 204,533,617 USDT has been transferred from an unknown wallet to OKX. The transaction is valued at about $205 million.