Zcash has declined more than 50% from its November 7 peak of $750, trading near $364. The token fell 20% in 24 hours and posted 32% weekly losses. A governance debate over token-based voting has compounded selling pressure alongside bearish technical signals.

Grayscale Investment will launch the first US spot Chainlink exchange-traded fund this week by converting its existing LINK trust into an ETF structure, according to ETF expert Nate Geraci. The product will provide traditional investors with regulated access to Chainlink without the technical complexities of cryptocurrency custody. LINK traded at $12.16 on December 1, 2025, down more than 6% amid broader market weakness.

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.

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.

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.

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.