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On the 20th, an AWS issue at Amazon caused Coinbase and dozens of other major crypto platforms including Robinhood, Infura, Base, and Solana to go down.
While the original regulatory policies achieved their intended goals, they may have also caused us to lose some initiative in the upcoming round of global financial competition.
Several Asia-Pacific countries, including Hong Kong, India, Mumbai, and Australia, are resisting corporate hoarding of cryptocurrencies.
Quick Take Summary is AI generated, newsroom reviewed. The Ethereum Fusaka upgrade has entered its final testnet phase. It introduces a gas cap per transaction to improve block efficiency. The upgrade prepares Ethereum for parallel transaction processing. Mainnet launch is planned for December 3, 2025, marking a key milestone.References UPDATE: Ethereum's Fusaka upgrade enters final testnet phase ahead of Dec. 3 mainnet rollout.
- 09:33Swiss investment firm Vontobel Holding increases Strategy holdings to $5 millionChainCatcher reported, according to Bitcoin Treasuries.NET, that Swiss international investment company Vontobel Holding has increased its holdings of Strategy ($MSTR) stock to $5 million. The company manages assets totaling $288 billions.
- 09:21The Russian Ministry of Finance and the Central Bank have agreed to legalize the use of cryptocurrencies in foreign trade.ChainCatcher news, according to Russian newspaper Izvestia, the Russian Ministry of Finance and the Central Bank of Russia have reached an agreement to allow the use of cryptocurrency for payments in foreign trade. Finance Minister Anton Siluanov announced the news. After the strategic meeting on "Improving Economic Efficiency and Ensuring a Fair Business Environment," Siluanov stated: "We believe that this area should be legalized, and its activities should be regulated by legislation. Therefore, we will work together with the Federal Financial Monitoring Service of Russia and other regulatory authorities to ensure and restore order in this field." Siluanov emphasized that using cryptocurrency for settlements is an important task, as cryptocurrency can not only be used for payments but also for transferring funds abroad. Therefore, Siluanov stated that as this market becomes legalized, strengthening the supervisory functions of regulatory agencies will be crucial.
- 09:05USDC Treasury burns 55 million USDC on Ethereum chainAccording to Jinse Finance, monitored by Whale Alert, at 16:55:11 (UTC+8), USDC Treasury burned 55,000,000 USDC on the Ethereum chain.