Top 5 Moves by Crypto Giants

Polymarket – Received an amended Order of Designation from the CFTC permitting a regulated, intermediary-operated Designated Contract Market model. This is paving the way for U.S. retail re-entry via compliant rails.

Kraken – Rolled out the Krak Card (Mastercard-powered), offering up to 1% cashback (payable in fiat or BTC) and supporting multi-asset spending for UK & EU users.

Binance – Binance rolled out a concierge-grade offering - marketed as “Binance Prestige”. The service is aimed at family offices and ultra-HNW clients, covering onboarding, fiat rails, custody, structured products and bespoke reporting.

Hyperliquid – Founder Cheff announced that the perp DEX has activated Auto-Deleveraging (ADL) to stabilise liquidity and mitigate extreme volatility across its perpetual markets. This came in as rivals Aster launched new UI updates and Lighter made foray into spot trading segment.

Cardano Suffered Attack - Cardano briefly split into two competing chains after an attacker used an AI‑generated script to submit a malformed transaction that exploited a known bug.

Institutions Vs Crypto Debate

Strike vs JPMorgan - Strike CEO Jack Mallers revealed that JPMorgan Chase abruptly shut down his personal bank accounts, sparking crypto debanking concerns again.The clash sharpened just as JPMorgan launched Bitcoin-backed structured notes for private-wealth clients.

Strategy Removed From the NASDAQ-100 Index - In a surprise quarterly reshuffle, Strategy (STRAT) was removed from the NASDAQ-100 amid crypto market volatility as with Bitcoin ending the week at $92K with 5%+.

Tether’s USDT Outlook Downgraded by S&P Global - S&P Global Ratings assigned a downgraded outlook to USDT which Bo Hines described as “institutional jealousy.”

Top 5 M&As and Fundings

Naver × Upbit - Korean internet giant Naver completed the acquisition of Upbit operator Dunamu, creating a fintech group that is now valued at $13.6 billiion.

Robinhood - Closes Acquisition of FTX-Linked Crypto Assets
Robinhood completed the purchase of crypto assets tied to the FTX bankruptcy estate - acquiring 90% of LedgerX / MIAXdx. The acquisition gives Robinhood full control over futures, derivatives, and “prediction-market” contracts via a CFTC-licensed venue.

Tether × Parfin - Tether invests in Latin-American crypto infrastructure firm Parfin to boost institutional adoption of USDT for settlement, custody, and tokenization across Latin America.

Coinbase - Coinbase confirmed the acquisition of Vector (vector.fun), a Solana-native social trading and portfolio-signal platform built around on-chain performance analytics.

Vitalik Buterin - Buterin publicly announced he donated a total of 256 ETH - 128 ETH each - to the encrypted messaging apps Session and SimpleX Chat.

Partnerships & Strategic Alliances

Visa × Aquanow (stablecoin settlement partnership) - Visa announced a strategic partnership with Aquanow to enable faster settlement using USDC and stablecoins across merchant rails.

Securitize Avalanche deployment - Securitize secured DLT Pilot Regime approval to run regulated tokenisation pilots on Avalanche.

PayPal ↔ Binance Japan integration - PayPal and Binance Japan expanded regulated deposit and transfer flows. Launched a regulated integration allowing Japanese users to move assets between PayPal-linked accounts and Binance Japan under new compliance standards.

Top 5 Board Level Shake-Ups

Visa - Visa adds Matt Austin to its crypto team. Matt Austin announced on X/LinkedIn that he’s joined Visa’s crypto group as a senior business-development lead.

Alt5 - ALT5 Sigma removed its interim CEO Jonathan Hugh and COO Ron Pitters amid ongoing legal and disclosure scrutiny; the board called the change a strategic leadership reset.

BNB Chain - Continued executive expansion, BNB Chain named Nina Rong to lead growth and ecosystem expansion. The filing and company posts note her product/partnership background at Arbitrum and global BD remit.

Crypto Lawyer Solana Co-Founder ‘Failed to Hire’ Now Joins Its DAT - Veteran digital-asset attorney Georgia Quinn, previously General Counsel at Securitize and Anchorage Digital, joined Solana DAT Forward Industries.

Former Binance investigation specialist Renato B. Leace - Reportedly joined Chainalysis.

Top 5 U.S. Legal & Political Updates

Kevin Hassett - Former White House adviser Kevin Hassett is widely reported as a leading candidate for Fed Chair; his recent public comments on monetary competition and crypto have amplified speculation about a more crypto-friendly Fed stance.

Ex-Coinbase lawyer Khurram Dara launches bid for New York Attorney General - Khurram Dara, formerly a policy lawyer at Coinbase, filed a campaign to challenge the incumbent AG, with a pro-crypto stance.

CFTC seeks nominations for a CEO Innovation Council (nominations due Dec. 8) - Acting Chair Caroline Pham opened nominations for a CEO Innovation Council to advise on digital-asset market structure and tech risk; the CFTC set Dec. 8, 2025 as the nomination cutoff.

Senate targets Dec. 8 for market-structure bill markup - Senate committees are aiming for early December (reported target: Dec. 8) to mark up a comprehensive crypto market-structure bill.

Global Exchanges vs. Crypto Exemptions — The World Federation of Exchanges (WFE), representing Nasdaq, Cboe, CME and 250+ regulated venues, urged the SEC to limit broad “crypto exemptions.” T

Around the World

Australia – Government advanced a national crypto-regulation package that will classify major crypto exchanges as “financial service providers,” bringing them under ASIC licensing.

Bolivia – Announced it would integrate crypto and stablecoins into its financial system, including potential settlement use by banks and fintechs.

North Korea’s Lazarus Behind Upbit Hack - Upbit revealed it suffered a 5.9 billion won (~US$4 million) corporate loss in the recent security breach alleged to have been done by the same group that targted $1.5 billion Bybit hack.

Binance’s CZ Sued by Hamas Victims - Former Binance CEO Changpeng Zhao was named in a civil lawsuit filed by families of Hamas attack victims, alleging that Binance facilitated transactions tied to the militant network.

Top 5 Top Founders’ Moves

Vitalik Buterin - Commented on Ethereum’s block gas limit increase (45M → 60M). He warned of short-term MEV side effects and emphasizing the need for careful monitoring across the execution layer.

Polygon’s Sandeep Nailwal - Sparked community debate on whether exchanges should revert Polygon’s ticker from POL back to MATIC, citing strong brand recognition and familiarity among retail users globally.

Sam Altman (OpenAI) - Security concerns escalated after reports that Altman’s boyfriend was targeted in a wrench attack, sparking the concerns around crypto turning physical is dangerous.

Crypto.com’s Nick (General Counsel) - Criticized U.S. market-infrastructure rules, calling mandatory DTC approval for prediction markets “absurd,” outdated, and incompatible with real-time settlement models.

Kalshi CEO Trek - Argued that prediction markets could ultimately “replace stock exchanges,” framing them as superior price-discovery mechanisms for real-world events.