South Korea's ruling and opposition parties have agreed on a stablecoin regulatory framework, with lawmakers targeting passage of the Digital Asset Basic Act by January 2026. The legislation establishes a consortium model requiring banks to hold at least 51% equity, while technology firms may participate as minority stakeholders. A December 10 deadline has been set for government proposal submission.

Ripple Labs received regulatory approval from the Monetary Authority of Singapore to expand its payment services under its Major Payment Institution license. The expanded scope allows Ripple Markets APAC to provide a wider range of regulated payment activities to banks and corporate clients in Singapore. The approval supports infrastructure development for cross-border payment solutions using digital tokens including RLUSD and XRP.

U.S. spot bitcoin exchange-traded funds recorded $3.48 billion in net outflows during November, the steepest monthly decline since February. Spot ether ETFs posted $1.42 billion in exits, marking their largest monthly outflow to date. The withdrawals followed bitcoin's rally to record highs and coincided with year-end portfolio adjustments.

Elon Musk argued that Bitcoin derives value from energy consumption, making it harder to manipulate than fiat currencies, according to a resurfaced interview with Nikhil Kamath. Peter Schiff countered that Bitcoin lacks inherent value and criticized MicroStrategy's business model. Derivatives data shows more than $7.8 billion in short positions could be liquidated if Bitcoin breaks above $100,000, according to CoinGlass and Whale Insider.

Bitcoin dropped below $87,000 on December 1, 2025, following renewed regulatory pressure from China's central bank targeting stablecoins and crypto speculation. The decline triggered over $600 million in leveraged position liquidations within 24 hours. Major altcoins including Ethereum, Solana, and XRP posted losses between 6% and 9%.

Grayscale will convert its private Chainlink trust into the first US spot LINK exchange-traded fund, according to Nate Geraci of ETF Institute. Bloomberg Intelligence senior ETF analyst Eric Balchunas projects a December 2 launch date based on internal listings data. The product will offer regulated spot exposure to the oracle token and incorporate staking-related returns where permitted.

Bitcoin fell approximately $6,000 within hours, declining from over $91,000 to around $85,000 on Binance. The drop triggered more than $650 million in liquidations, a 390% increase from the previous 24-hour period. Total cryptocurrency market capitalization decreased to $3 trillion, according to CoinGecko.

Bitcoin dropped to an intraday low of $85,694 after China's central bank issued a renewed warning against cryptocurrency activities, according to CoinGecko data. The People's Bank of China stated that crypto-related operations remain illegal and criticized stablecoins for failing to meet anti-money laundering standards.