2 Dec 2025, 19:57

Why The Market Crashed On October 10, And Why It’s Struggling to Bounce

MSCI’s proposed reclassification and potential index exclusion of Digital Asset Treasury (DAT) companies now looms over the market as a major structural overhang, says Dr. Avtar Sehra, founder and CEO of STBL. This helps explain the lack of a sustained recovery in crypto prices since the October 10th crash.

2 Dec 2025, 19:40

Cryptocurrency mining is now influencing the Russian currency market

Cryptocurrency mining has expanded to the point of influencing the Russian currency market and should be factored into its balance of payments, according to a representative of the Kremlin. The sector has become Russia’s “hidden export” and is currently undervalued, noted the member of President Putin’s team who highlighted the growing importance of the mining industry for the country’s economy. Russia is underrating crypto flows related to mining Underestimated financial flows stemming from the mining of digital currency are causing incorrect forecasts for the exchange rate of the Russian ruble. That’s according to Maxim Oreshkin, Deputy Chief of Staff of the Presidential Executive Office, or the presidential administration in Moscow. Oreshkin made the statement during the “Russia Calling!” international investment forum, held this week in the Russian capital. He was asked to comment on why the national fiat’s movements have been so difficult to predict lately. The aide of President Vladimir Putin said it’s important to take into consideration how cash flows in the Russian economy have changed over the past few years. He also suggested that crypto mining has become a key new component of Russian exports, thus influencing the currency market in the country, the business news outlet RBC reported. Also quoted by Interfax and the official TASS news agency on Tuesday, the former minister of economic development elaborated: “We have a new export item, an undervalued one, and that is cryptocurrency mining.” Oreshkin emphasized that the amounts generated by the mining sector are already significant enough to refer to them as a “hidden export.” Currency supply remains the same, but imports can now be paid with cryptocurrency as well, which also affects the Russian currency market, he further noted. Cryptocurrency mining, as a supply chain, should be accounted for in Russia’s balance of payments, Oreshkin stated, pointing out that the Bank of Russia is responsible for that: “I haven’t yet seen such estimates from the central bank. I know that work is underway in this area, but this is something we also need to factor into the balance of payments.” The sector remains relatively unnoticed because its flows occur outside of standard channels, the high-ranking representative of the Kremlin concluded. Mining is regulated but still largely unregistered Russia legalized the minting of digital coins last year. Recognized as a legitimate business activity, the industry has seen significant growth. To legally engage in their country’s first regulated crypto activity, companies and individual entrepreneurs are required to register with the federal tax authority. However, less than a third of active mining enterprises have done that so far, according to the government’s own estimates. An advisor to the Russian parliament on crypto regulation recently urged for an amnesty that could bring more crypto miners out of the shadow economy. In the absence of rules regulating domestic exchange, a lot of the mined cryptocurrency likely ends up traded on foreign platforms, but the authorities in Moscow now want to properly regulate the space. An experimental legal regime (ELR) established earlier this year allows Russian firms to use cryptocurrencies in foreign trade but offers limited access to crypto assets. Softening its long-term stance against permitting the circulation of cryptocurrencies in the country’s economy, the Bank of Russia recently indicated it’s ready to expand investor access to crypto and urged the adoption of the necessary legislation in 2026. The monetary authority also made it clear it intends to allow banks to work with cryptocurrencies and authorize funds to invest in crypto derivatives. The regulator permitted the offering of these instruments in May. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

2 Dec 2025, 19:00

Shibarium Hack Fallout: Shiba Inu Team Criticized For Not Reporting Breach

According to reports, it has been three months since the Shibarium Bridge hack that drained more than $3 million from users, yet the case has not moved into formal law enforcement channels. Related Reading: $300 Million Crypto Bet: Kazakhstan’s Central Bank Gears Up On-chain investigators traced a clear path of funds, and community members say the clues are strong enough to support an official probe. Still, exchanges are holding back unless a police case number is presented. On-Chain Trail Revealed Based on reports from on-chain sleuths, the attacker moved 260 Ether through Tornado Cash before routing 232.49 ETH to deposit addresses at KuCoin. The laundering path involved 111 wallets and 45 unique KuCoin deposits, according to a public breakdown by a community investigator known as Shima. Shibarium Bridge hacker foolishly chose not to accept the K9 bounty – it’s finally time to share the investigation we’ve been working on…🔎 this is juicy 🤤 The hacker made one stupid mistake and it completely unravelled their Tornado Cash laundering. 💰🌪️💵 That one mistake… pic.twitter.com/itxsXbbGSm — Shima 島。 (@MRShimamoto) December 1, 2025 A small mistake — a single transfer of 0.0874 ETH — linked otherwise hidden wallets and allowed the investigator to map much of the operation. The tracing work was shared with the Shiba Inu ecosystem team so it could be used to press for recovery. Why didn’t https://t.co/OoTvg1kraL call the police? Why isn’t there a report to the appropriate authorities to get a case number? Why have no law enforcement been involved in the https://t.co/OoTvg1kraL bridge hack? https://t.co/88Gdxi0rhh — Pulse Digital 🟣 (@CryptoPulse9) December 1, 2025 Practical Roadblocks To Recovery Tracing crypto through mixers remains difficult, even when the ledger gives clues. Exchanges often need subpoena power, legal requests or a case number to share account details. That requirement can leave strong on-chain leads stuck if a project does not file a police report. Community investigators can point the way, but many of the next steps depend on formal legal action and cross-border cooperation. Exchange Action Hinges On Case Number After Shima handed the findings to the project team, members of the community and teams such as K9 Finance stepped in. One representative, using the handle DeFi Turtle, reached out to KuCoin to ask that the exchange freeze the suspected funds. KuCoin replied that it would require a formal law enforcement case number before taking such action, based on the messages that have circulated in community channels. Without a police report, the exchange said it could not legally provide internal records or lock the linked accounts. Sleuth Offers Evidence To Victims Faced with slow institutional movement, Shima has offered the full dataset, the mapping work and the methodology to victims and to any law enforcement body willing to act. Victims in different countries may need to lodge complaints locally to create the case numbers that exchanges demand. Related Reading: XRP Is About To Hit A Major Turning Point This Week, Analyst Says Calls For Formal Complaints Shane Cook, founder of Pulse Digital Marketing, questioned why the Shiba Inu team had not filed an official complaint despite the on-chain evidence. Reports show the team previously confirmed the breach and said it had contacted security firms including PeckShield and Hexens. Cook’s criticism centers on the idea that technical analysis alone may not be enough; a legal filing is often required to make exchanges cooperate. The community now wonders whether the project prioritized reopening the bridge and repayment planning over pursuing legal routes. Featured image from Hacked.com, chart from TradingView

2 Dec 2025, 18:40

Trump says he will announce his pick for Fed chair in early 2026

Donald Trump, during a Cabinet meeting at the White House on Tuesday, said he will name his pick for Federal Reserve chair “probably early next year.” That sets a new public timeline for replacing Jerome Powell, whose term ends in May 2026. Trump’s quote was: “We’ll be announcing somebody, probably early next year, for the new chairman of the Fed.” This new schedule runs past the earlier timeline shared by Treasury Secretary Scott Bessent, who had been overseeing the search and previously said a decision might come by Christmas. Trump’s team is keeping the final choice quiet for now, but the president’s message Tuesday locked in the fact that the name will drop sometime at the start of 2026, not before the end of this year. That gives him space to tighten control over the central bank, a goal he hasn’t been shy about. Trump goes after Powell again while Hassett’s odds climb Trump didn’t skip the chance to once again blast Powell over how he’s handled interest rates. He’s been pressuring the Fed for months, arguing that cuts should’ve come faster. On Tuesday, he said Powell a “stubborn ox, who probably doesn’t like your president.” Powell’s term as chair ends in May, but he could legally stay on the Fed board as a governor until 2028 if he’s not reappointed. The criticism wasn’t limited to interest rate policy. Trump’s White House has also taken aim at the Fed over the cost of building renovations, and is currently involved in a legal battle over Trump’s attempt to remove Fed Governor Lisa Cook from her seat. As for who might be taking Powell’s spot, the buzz is around Kevin Hassett, director of the White House National Economic Council. His name has jumped to the top of the shortlist, and Polymarket odds show his chances have surged to a record 81%. He’s seen as being fully on board with Trump’s push for lower rates and has already said he’d take the job if offered. Speaking on Fox News, Hassett said, “I want to serve my country, and I want to serve my president. But you know, we’ll see how it goes. There are a lot of great candidates.” Other contenders still in play as Trump delays the reveal Even with Hassett leading the odds, other names haven’t been ruled out. Trump in September listed Hassett, Kevin Warsh, and Christopher Waller as his top three. Others still in the conversation include Michelle Bowman and Rick Rieder of BlackRock. Trump keeps joking that he’d pick Bessent himself, though Bessent has said no every time. But Trump has a history of sudden switches, and no pick is final until it’s made public. Whoever gets nominated will need to go through Senate confirmation. If the person is from outside the Fed system, they’d be appointed to a 14-year term starting February 1st. That would give Trump’s influence over the central bank some serious staying power, far beyond his own presidency. This wouldn’t be Trump’s first time picking a Fed chair. He chose Powell during his first term, but later said he regretted it after Powell didn’t move fast enough on cutting rates. This time, Trump wants a chair who won’t hesitate. Hassett fits that mould. On November 20, he told Fox News he would “be cutting rates right now” if he were Fed chair, because “the data suggests that we should.” Hassett also said the central bank lost control of inflation after the pandemic and hasn’t recovered its grip. Claim your free seat in an exclusive crypto trading community - limited to 1,000 members.

2 Dec 2025, 18:20

Crypto Boom Sparks New Interest in Digital Asset Treasury Companies

DAT companies are gaining popularity for indirect crypto ownership via stocks. They manage substantial crypto reserves, leveraging share strategies enhancing returns. Continue Reading: Crypto Boom Sparks New Interest in Digital Asset Treasury Companies The post Crypto Boom Sparks New Interest in Digital Asset Treasury Companies appeared first on COINTURK NEWS .

2 Dec 2025, 18:20

Investors keep chasing high yields as Fed cuts rates

The cash pile sitting inside US money‑market funds has officially smashed through $8 trillion, with no slowdown in sight. That number jumped by $105 billion in just one week through Monday, a fresh all-time high, according to Crane Data. The rush into these funds keeps growing even as the Federal Reserve continues dialing down interest rates. Why? Because the payouts from these funds are still beating the hell out of what banks are offering. As of December 1, the seven-day yield on the Crane 100 Money Fund Index, which tracks the 100 biggest money‑market funds in the US, stood at 3.80%. That’s a solid edge over bank deposit rates, which have barely moved. People aren’t dumb; they’re moving their money where it actually works for them. And it’s not just individuals. Big institutions and corporate treasurers are also shifting cash into these funds to lock in better returns without dealing with the day-to-day. Investors keep chasing high yields as Fed cuts rates The Federal Reserve already cut its benchmark rate by a quarter-point in both September and October, pulling it down into the 3.75% to 4% range. Despite that, cash continues to flood into money‑market funds. Gennadiy Goldberg, head of US interest rate strategy at TD Securities, said the trend’s not shocking.“Money market funds continue to draw inflows as yields remain highly attractive amid gradual Fed rate cuts,” he said . Gennadiy doesn’t expect the inflows to stop completely but thinks they’ll likely cool a bit if the Fed keeps cutting. Still, even yields above 2% tend to keep the momentum going. Traders are already betting on another rate cut at the Fed’s December meeting. That speculation jumped last week after John Williams, the New York Fed President, hinted he’d be on board with one. That matters because John is seen as closely aligned with Fed Chair Jerome Powell. Before his remarks, several other policymakers had pushed back against cutting again so soon. A major reason money‑market funds are seeing such strong flows is how they handle falling rates. Banks typically pass lower rates on to customers almost immediately. Money‑market funds move more slowly, which makes them more appealing when rates are falling. That delay gives investors more time to squeeze value out of their cash. So far in 2025, over $848 billion has flowed into the money‑market fund space, based on Crane’s industry-wide tracking. A separate figure from the Investment Company Institute, which doesn’t include firms’ internal funds, reported total assets at $7.57 trillion for the week ending November 25. SEC pushes new rules to help small companies go public At the same time this fund explosion is happening, the Securities and Exchange Commission is trying to make it easier for smaller companies to go public. Paul Atkins, the SEC Chair, said during a Tuesday event at the New York Stock Exchange that the agency is working on changes to cut disclosure requirements and reduce red tape. The goal is to give smaller firms a longer on-ramp, at least two years, to fully meet IPO rules, instead of the current one-year period. Paul also said the agency is revisiting the definition of a small company. That label hasn’t been seriously updated in twenty years. He pointed out that the number of publicly traded firms is now half what it was three decades ago, and he tied that decline to compliance costs that often hurt smaller players more than the big ones. “Our regulatory framework should provide companies in all stages of their growth and from all industries with the opportunity for an IPO,” Paul said. He warned that current compliance costs might be shutting out smaller firms from public markets. Beyond IPOs, the SEC is also going after changes to executive compensation rules. That issue came up earlier this year during a listening session with investors, pension funds, and public companies. Paul confirmed the agency is still working on this. He also asked SEC staff to come up with ideas for “de-politicizing shareholder meetings” so they stay focused on electing directors instead of becoming battlegrounds. Get $50 free to trade crypto when you sign up to Bybit now