Sony Bank will introduce a U.S. dollar-pegged stablecoin for American customers starting in fiscal 2026, Nikkei reported. The Sony banking unit plans to deploy the 1:1 USD stablecoin for payment and settlement operations across its gaming and anime divisions. The move could reduce credit card processing fees for customer subscriptions.

Bitcoin faces rejection between $91,000 and $93,000 after bouncing from $80,000–$83,000 support. Data show heavy supply near $96,000–$97,000, where short-term and medium-term holder cost bases converge. Technical indicators point to a sell bias unless BTC breaks above the declining trendline and clears $97,000.

HashKey Holdings received approval from the Hong Kong Stock Exchange on December 1 to proceed with its initial public offering. The firm operates Hong Kong's largest licensed cryptocurrency exchange and holds regulatory permits allowing it to serve both institutional and retail clients. The company reported a net loss of HK$506 million in the first half of 2025, despite handling over three quarters of the region's onshore digital asset trading volume in 2024.

Ripple Markets APAC Pte. Ltd. received an expanded Major Payment Institution license from the Monetary Authority of Singapore on December 1, 2025. The approval authorizes digital payment token services, cross-border transfers, and domestic money transfers. Ripple can now offer end-to-end payment solutions—including custody, swapping, and settlement in RLUSD or XRP—through a single API integration.

XRP futures open interest declined from 1.7 billion XRP in early October to 0.7 billion XRP by late November, a 59% reduction representing approximately one billion XRP in closed or liquidated derivative contracts. Funding rates dropped from around 0.01% to 0.001% on a seven-day moving average, indicating a shift from aggressive long positioning to near-neutral market sentiment. The deleveraging occurred as 58.5% of XRP supply remained in profit as of November 17, the lowest proportion since November 2024 when price stood at $0.53.

HashKey Holdings Limited has passed the Hong Kong Stock Exchange listing hearing, moving closer to a public offering. The operator of Hong Kong's largest licensed crypto exchange disclosed the regulatory approval in its Post Hearing Information Pack on December 1, 2025. The company plans to use IPO proceeds to expand its technology infrastructure, product offerings, and international operations.

Sony Bank plans to introduce a dollar-pegged stablecoin in the United States by fiscal 2026, according to sources cited by Nikkei. The digital currency will target U.S. consumers purchasing Sony's gaming and anime content. Sony Bank filed for a U.S. banking license in October and has partnered with stablecoin issuer Bastion to support the project.

Crypto analyst Colin Talks Crypto estimates a 20% probability that Bitcoin will advance directly to new all-time highs from current levels. His primary outlook projects a rally toward $100,000–$115,000, followed by a multi-month correction before the cycle's next major phase. Multiple analysts note that current market conditions lack typical signals associated with cycle peaks.