South Korean cryptocurrency exchange Upbit disclosed unauthorized withdrawals on the Solana network affecting $36 million worth of digital assets. The breach involved 24 tokens including SOL and USDC. Parent company Dunamu pledged complete customer reimbursement and froze assets totaling approximately 2.3 billion KRW while temporarily suspending withdrawals for affected tokens.

CME Group suspended trading on its Globex platform following a cooling system malfunction at CyrusOne data centers. The outage affected futures and options contracts across equities, commodities, and cryptocurrencies. Support teams worked to resolve the technical issue as trading remained halted.

Arthur Hayes, co-founder of BitMEX, predicts cryptocurrency-style perpetual futures contracts will overtake traditional stock exchange products for equity trading. He forecasts equity price discovery will shift to 24/7 perpetual markets on crypto platforms by 2026. CBOE and SGX are preparing to launch their own perpetual products by end-2025, according to Hayes.

South Korean cryptocurrency exchange Upbit lost approximately $30.4 million from its Solana hot wallet in a security breach on November 28. Security researchers identified operational patterns consistent with the Lazarus Group, a hacking collective linked to North Korea. Parent company Dunamu pledged full reimbursement from corporate reserves, while cold wallet systems remained secure.

Thailand has implemented a zero percent personal income tax on cryptocurrency capital gains for trades conducted through Securities and Exchange Commission of Thailand (SEC)-licensed platforms, according to Ministerial Regulation No. 399. The exemption runs from January 1, 2025 through December 31, 2029, covering profits from selling or transferring digital assets including Bitcoin on approved domestic exchanges, brokers, or dealers. The policy aims to encourage traders to use regulated platforms and enhance transaction transparency.

Bitcoin traded close to $90,000 during Friday's Asian session as regional equity markets opened with mixed performance. The largest cryptocurrency fluctuated in a narrow range while investors weighed whether recent gains in both digital assets and stocks can sustain momentum amid growing expectations for Federal Reserve rate cuts in December.

The European Union has established regulations requiring crypto-asset service providers to report customer transactions and holdings in standardized digital format starting January 1, 2026. The rules expand the Directive on Administrative Cooperation (DAC8) and introduce a mandatory Crypto-Asset Operator register with unique identification numbers for cross-border supervision. The framework operates alongside MiCA and upcoming anti-money laundering rules.

Prediction market platform Kalshi raised $1 billion at an $11 billion valuation in a funding round led by Sequoia and CapitalG. The financing follows a $300 million Series D round in October that valued the company at $5 billion. Rival platform Polymarket is exploring funding at a $12 billion to $15 billion valuation.