BREAKING
- The OCC allows US banks to hold limited amounts of crypto assets to pay gas fees and operate blockchain-based systems such as custody or settlement platforms — a step that recognizes digital assets as legitimate operational infrastructure.
MORE
- SEC plans a roundtable on data protection and surveillance in crypto markets in December.
- Czech National Bank is testing Bitcoin, stablecoins and tokenized deposits as part of institutional digital asset integration.
- Aave receives a MiCAR license from the Central Bank of Ireland for fee-free stablecoin on/off ramps in the EU.
- Ant International and UBS launch a partnership on tokenized deposits and blockchain-based treasury payments.
- J.P. Morgan (JPM) brings its USD deposit token JPM Coin USD (JPMD) to Base for onchain settlement of institutional payments.
- Mastercard (MA) expands “Crypto Credential” to self-custodied wallets on Polygon with Mercuryo.
- SWIFT completes its migration to ISO 20022 in November 2025, creating technical compatibility with digital assets.
- Klarna announces its own stablecoin, KlarnaUSD, on Stripe's layer-1 blockchain Tempo.
- Circle (CRCL) launches xReserve for interoperable USDC stablecoins and StableFX for FX settlement on the Arc blockchain.
- Sui introduces USDsui, a stablecoin via Stripe's Bridge, for seamless on-chain payments.
- Nasdaq ISE files with the SEC to raise the options limits for BlackRock IBIT to 1 million contracts.
- Sol Strategies becomes the official staking provider for the VanEck VSOL Solana ETF.
- Aave launches a consumer app in the Apple Store with up to 9% APY on stablecoin deposits.
- Gemini launches a business credit card for self-employed users with 1.5% BTC cashback.
- Ripple raises $500 million at a $40 billion valuation from investors including Citadel Securities and Pantera Capital.
- Coinbase (COIN) acquires Vector.Fun, integrates Solana DEX technology and launches ETH-collateralized loans.
- Cipher Mining signs a 10-year AI hosting contract with Fluidstack worth up to $2 billion.
- Ethereum Foundation presents “Kohaku,” a privacy framework for wallets and ZK-based applications.
- Aerodrome expands its network to Ethereum and Arc with the new multi-chain trading hub “Aero.”
- Cash App integrates Bitcoin and stablecoin payments via the Lightning Network.
- Polymarket enters a multi-year partnership with UFC to integrate live prediction markets.
SPEAKERS’ CORNER
- November brought a broad correction across traditional financial markets and digital assets.
- Digital assets recorded steeper declines than most tech stocks, which is not unusual given their significantly smaller market capitalization (approx. $3 trillion vs. $125 trillion).
- Many investors are currently asking whether we are seeing an AI bubble and whether a burst could be imminent.
- Our co-founders Steffen Fuchs and Michael Geike provide a detailed assessment in episode 6 of our podcast “Cash vs. Coins,” available on Spotify, Apple Podcasts, YouTube and more: https://linktr.ee/cashvscoins Source
Translated from the German original, which is the authoritative version. Read the German version
