1. The UK's financial regulator FCA plans to implement cryptocurrency regulation by 2026
According to CoinDesk, the UK's Financial Conduct Authority (FCA) plans to implement a cryptocurrency regulatory framework by 2026. The roadmap published by the FCA indicates that the agency intends to issue a discussion paper on market abuse and information disclosure by the end of this year. It plans to release papers on stablecoins, trading platforms, staking, prudent cryptocurrency exposure, and loans by early next year. The regulatory framework is set to take effect after the final policy statement is released in 2026.
2. Legend Trading's subsidiary has been issued a VASP license by the Central Bank of Ireland
Cryptocurrency trading platform Legend Trading's subsidiary, Legend Financial Ireland Limited, has been approved by the Central Bank of Ireland as a Virtual Asset Service Provider (VASP). Furthermore, Legend Trading is applying for a Crypto Asset Service Provider (CASP) license under the Markets in Crypto-Assets Regulation (MiCA). VASPs registered and operating in Ireland before December 30, 2024, can continue their business under transitional measures stipulated by MiCA while submitting CASP authorization applications.
3. WisdomTree has registered an XRP ETF in the state of Delaware, USA
According to The Block, ETF issuer WisdomTree has registered an XRP ETF entity in the state of Delaware, USA, indicating that WisdomTree may submit an S-1 registration for a spot XRP ETF to the U.S. Securities and Exchange Commission.
4. Hashdex has re-submitted the amended S-1 application for the Nasdaq Cryptocurrency Index US ETF
According to Cointelegraph, asset management company Hashdex has submitted a second amended application for a cryptocurrency ETF on November 25, aiming to create a one-stop cryptocurrency portfolio. The amended document indicates that the cryptocurrency index ETF application continues to progress with the U.S. SEC. After the SEC requested more time to decide whether to authorize the ETF for trading, Hashdex submitted the first amended S-1 document in October. The document states that Hashdex's Nasdaq Cryptocurrency Index US ETF will initially include Bitcoin and Ethereum, but may ultimately expand to include other digital currencies.
5. Yesterday, the net subscription for Bitcoin spot ETFs in Hong Kong was 334.04 coins, while the net subscription and redemption for Ethereum spot ETFs was 0
According to SoSoValue data, the net subscription amount for Bitcoin spot ETFs in Hong Kong yesterday (November 25) was 334.04 coins, while the net subscription and redemption amount for Ethereum spot ETFs was 0. Currently, the total assets held by Bitcoin ETFs in Hong Kong are approximately 4,940 coins, with a total net asset of about $484.5 million. In terms of asset scale, Huaxia ETF holds about 2,940 coins, while Bosera Hashkey and Harvest hold approximately 1,580 coins and 414.47 coins of Bitcoin respectively. Currently, the total assets held by Ethereum ETFs in Hong Kong are about 15,210 coins, with a total net asset of about $51.58 million. In terms of asset scale, Bosera Hashkey holds about 5,860 coins of Ethereum, while Huaxia and Harvest hold approximately 6,540 coins and 2,810 coins of Ethereum respectively. (Note: Hong Kong crypto ETFs support spot subscription and redemption mechanisms, where net subscriptions refer to the positive difference between subscription and redemption amounts within a certain period, meaning more purchases than sales, and vice versa for net redemptions.) SoSoValue noted that Hong Kong BTC (or ETH) ETFs support cash subscriptions (in-cash) and spot subscriptions (in-kind), and since the ETF shares subscribed through spot Bitcoin do not generate cash inflows for the Bitcoin asset, they cannot be simply counted in daily net inflow statistics. Based on this, SoSoValue attempted methods including tracking on-chain Bitcoin circulation paths but was unable to successfully distinguish the ratio and amount of daily cash subscriptions versus spot subscriptions. Therefore, SoSoValue's Hong Kong BTC (or ETH) ETF dashboard tracks core indicators such as ETF relative Bitcoin premium/discount rates, daily BTC (or ETH) inflow numbers, total issued ETF shares, and total stored BTC (or ETH) in the ETF.
6. Jiva Technologies' board approves the purchase of $1 million in Bitcoin as a strategic reserve
Canadian listed company Jiva Technologies announced that its board has approved the purchase of $1 million in Bitcoin as part of the company's funds management strategy.
7. Video streaming company Rumble plans to purchase $20 million in Bitcoin
Techub News reports that video streaming company Rumble has announced it will purchase $20 million in Bitcoin as part of its financial strategy. Rumble CEO Chris Pavlovski previously conducted a poll on X asking, 'Should Rumble add Bitcoin to its balance sheet?' The poll results showed that approximately 29,000 people supported the strategy.
8. Justin Sun invests $30 million in the Trump family's cryptocurrency project WLFI
Justin Sun announced an investment of $30 million in the Trump family's cryptocurrency project World Liberty Financial (WLFI), becoming the largest investor in the project.
9. Schuman Financial launches euro stablecoin EURØP compliant with MiCA standards
According to The Block, European financial services company Schuman Financial has announced the launch of a euro stablecoin EURØP that complies with MiCA standards. The company previously raised $7.36 million in a seed round of funding in September, led by RockawayX, with participation from Lightspeed Faction, Kraken Ventures, Nexo Ventures, Gnosis VC, Delta Blockchain Fund, and Bankless Ventures.
10. UK FCA: Currently, 12% of UK adults hold cryptocurrency
The UK's Financial Conduct Authority (FCA) has released the latest research on consumer attitudes and behaviors towards cryptocurrencies. The study shows that currently, 12% of UK adults hold cryptocurrency, up from 10% in previous surveys. Additionally, the average value of cryptocurrency held has increased from £1,595 to £1,842. Only 10% of respondents indicated that they had not conducted any research before purchasing cryptocurrency.
