Japan's Financial Services Agency is drafting regulations to reclassify Bitcoin, Ethereum, and approximately 100 other digital tokens as financial products, local media reports show. The proposed framework would introduce a 20% flat tax rate on crypto gains, replacing the current system where rates can reach 55%. Implementation is targeted for 2026.

Polymarket contracts show traders pricing a 67 percent probability for a 25-basis-point Federal Reserve rate cut at the December meeting. Boston Fed President Susan Collins said monetary policy is at an appropriate level and additional data is needed before supporting further easing. The likelihood of no policy change stands at approximately 32 percent, according to Polymarket.

Coinbase announced on November 21 the acquisition of Vector.fun's team and technology, while the Tensor Foundation retained the NFT marketplace and TNSR token. TNSR surged 11-fold from $0.0344 to $0.3650 between November 19 and November 20 before dropping 37.3% to $0.1566 within 24 hours. The price action raised questions about potential information asymmetry ahead of the announcement.

Market expectations for a Federal Reserve rate cut in December have surged to 71%, up from 30-40% earlier this week, CME FedWatch Tool data show. New York Fed President John Williams said monetary policy operates at a "modestly restrictive" level with room to move toward neutral, while minimizing concerns about tariff-driven inflation. Fed officials remain divided on the appropriate policy path, with some favoring no change and others open to further reductions.

Tether Treasury transferred $1 billion USDT while holding 87,556 BTC valued at $7.62 billion in reserves. On-chain data reveal concentrated support between $77,000 and $81,900 as Bitcoin enters this price range. The stablecoin issuer's portfolio totals approximately $11.19 billion, positioning it as a major participant in liquidity flows.

The probability of a 25-basis-point Federal Reserve rate cut at its December 9-10 meeting has climbed above 70%, CME FedWatch data show. New York Fed President John Williams stated on November 21 that near-term rate reductions remain viable without threatening the 2% inflation target. Bitcoin traded between $80,600 and $91,554.96 during this period, with on-chain data showing cautious positioning among traders.

Pakistan has lost more than $600 million through unauthorized cryptocurrency transactions, according to the Exchange Companies Association of Pakistan. Residents are converting local currency to dollars via exchange firms, then moving funds into digital assets through unregulated channels. The outflows have reduced dollar inflows to the formal banking system, with sales from exchange companies to banks dropping from approximately $4 billion to $3 billion year-over-year.

Coinbase announced Friday its agreement to acquire Vector, a Solana-based trading platform. The deal will integrate Vector's onchain indexing technology into Coinbase's consumer trading systems and DEX routing capabilities. Solana decentralized exchanges processed over $1 trillion in volume in 2025, according to Messari.