Donald Trump’s incoming administration has plans to hand over most of the crypto industry’s regulatory power to the Commodity Futures Trading Commission (CFTC). This is a direct move to strip the Securities and Exchange Commission (SEC) of its grip on the $3 trillion crypto market—a market that’s been stuck in a regulatory disaster for years. […] source: https://www.cryptopolitan.com/trump-wants-the-cftc-to-be-in-charge-of-crypto-regulation-not-sec/

As Base fields more memecoin launchers, rug.fun stands out with its gamified AI mechanics. source: https://www.bankless.com/read/get-started-with-rug-fun

Ondo Finance integrates LayerZero for multi-chain transfers of USDY tokenized assets. USDY, backed by US Treasuries, has over $600M in total value locked (TVL). The integration ensures secure, seamless cross-chain transactions with LayerZero. Ondo Finance, a leading platform in tokenized real-world assets (RWAs), has announced its integration with LayerZero, an interoperability protocol... source: https://coinjournal.net/news/ondo-finance-integrates-layerzero-for-multi-chain-tokenized-us-treasuries-transfers/

Bitwise Asset Management has filed a proposal with the U.S. Securities and Exchange Commission (SEC) for a joint Bitcoin-Ethereum exchange-traded fund (ETF). If approved, the ETF will give investors exposure to the two largest cryptocurrencies without requiring them to hold the assets directly. The plan is to list the ETF on NYSE Arca, though the […] source: https://www.cryptopolitan.com/bitwise-files-for-bitcoin-ethereum-etf-with-sec-plans-nyse-launch/

The asset has significantly backpedaled in a correction that appeared to intensify on Monday, November 25. source: https://dailycoin.com/heres-whats-driving-bitcoins-price-retreat-from-100k/?utm_source=cryptopanic&utm_medium=rss

According to CoinDesk, a recent paper released by the U.S. Treasury's Office of Financial Research suggests that cryptocurrency investments may have enabled lower-income Americans to purchase homes at a higher rate than the general population. The study highlights a significant increase in mortgage activity in areas with high digital asset engagement. Despite concerns about potential financial risks, the research indicates that delinquency rates in these regions remain low. The report reveals that low-income consumers in areas with substantial crypto exposure are more likely to secure mortgages, with the average mortgage size being notably large compared to pre-2020 income levels. The findings suggest that there is no significant evidence of increased financial distress in mortgage, auto, or credit card debt among consumers in these neighborhoods. In fact, delinquency rates are relatively low, which could support the case for broader U.S. crypto adoption. However, the Office of Financial Research (OFR) cautions that households with significant crypto exposure should be closely monitored during financial downturns to assess potential risks to the U.S. mortgage market. Cryptocurrencies remain volatile compared to other asset classes, and the report emphasizes the importance of monitoring increased debt balances and leverage among low-income households with crypto exposure. Rising distress in this group could pose future financial challenges, particularly if concentrated in systemically important institutions. The OFR's data indicates a 274% increase in mortgages in high-crypto, low-income areas between 2020 and 2024, with average mortgage balances exceeding those in low-income zones with less digital asset activity and even surpassing those in middle-income areas. The study suggests that crypto sales may have facilitated access to larger mortgages through increased down payments. The research utilized U.S. tax data to identify crypto concentrations, with the latest available data from 2021. This period likely coincided with the peak of the crypto market before its 2022 downturn, resulting in significant gains for investors. These gains were reportedly used to support other financial endeavors, including substantial purchases of homes and cars. The OFR's credit data, however, is as recent as this year.

According to CoinDesk, a recent paper released by the U.S. Treasury's Office of Financial Research suggests that cryptocurrency investments may have enabled lower-income Americans to purchase homes at a higher rate than the general population. The study highlights a significant increase in mortgage activity in areas with high digital asset engagement. Despite concerns about potential financial... source: https://www.binance.com/en/square/post/16775996964418?utm_source=BinanceNewsRSS

Morocco is advancing legislation to regulate cryptocurrencies, according to the governor of the country’s central bank.  The proposed law, which is still under review, represents a shift from the current 2017 ban on cryptocurrencies. Despite the prohibition, underground use of digital assets remains widespread. Morocco’s Crypto Regulations are Already In the Works According to a Reuters... source: https://beincrypto.com/morocco-crypto-regulations-draft-law/

PEPE’s price hit a new all-time high on November 13, after it was listed on Coinbase. It has been up 105% in the past month, though it’s down nearly 10% in the last seven days. Indicators like RSI and MVRV suggest further corrections could occur as bullish momentum weakens. A potential death cross in the EMA lines could push PEPE to key supports at $0.0000139 or lower. However, a trend... source: https://beincrypto.com/pepe-price-drops-after-gains/

New legislation aims to establish a sovereign federal Bitcoin Reserve, potentially enhancing asset diversification and economic resilience. source: https://cointelegraph.com/news/brazil-congress-consider-bitcoin-reserve-hedge-against-global-risks?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Kujira's native token, KUJI, plummeted due to mismanagement of leveraged liquidity provision positions, resulting in significant financial implications.