Early December trading revealed institutional anxiety centered on potential MSCI index changes rather than Bitcoin's price movement. Public companies holding significant BTC reserves face possible exclusion from global indexes due to balance sheet concentration. This structural uncertainty created more concern among professional asset managers than short-term price fluctuations.

The U.S. Securities and Exchange Commission is launching regulatory reforms to restore competitiveness in American capital markets, with blockchain firms serving as initial test cases. Chair Paul Atkins outlined a strategy prioritizing IPO pipeline expansion and introducing an "innovation exemption" framework that allows crypto companies to release products under supervision before completing full compliance reviews. The reforms are expected to commence within one month following delays caused by the government shutdown.

BlackRock deposited 1,634 BTC valued at approximately $142.6 million to Coinbase Prime on December 2, data show. The asset manager executed multiple transfers including several 300 BTC batches and one 133 BTC transaction. This follows a December 1 outflow of 729.62 BTC ($113.7 million) from BlackRock's Bitcoin ETF.

Bitcoin has reclaimed the $90,000 level following an intraday surge that reversed recent declines. The rally was accompanied by over $147 million in short position liquidations, data show. The cryptocurrency had dropped to the mid-$87,000 range in the prior 48 hours before buyers drove prices more than 3% higher.

Crypto venture capital funding totaled $14.54 billion in November 2025, up 219% from October, with Naver's $10.3 billion all-stock acquisition of Dunamu accounting for most of the increase, data show. Deal volume dropped 28% to 57 transactions. Excluding the Naver-Dunamu transaction, DeFi captured 30.4% of deals and CeFi 12.5%, with Kalshi raising $1 billion and Ripple securing $500 million at a $40 billion valuation.

Polish President Karol Nawrocki vetoed the Crypto-Asset Market Act on December 1, 2025, citing threats to property rights and personal freedoms. The rejected legislation would have imposed comprehensive regulatory controls over Poland's digital asset sector, including website-blocking authority. Government officials criticized the decision, while crypto advocates argued existing EU frameworks provide sufficient investor protections.

Circle has partnered with OpenMind to implement the x402 payment protocol for autonomous machine transactions using USDC stablecoin. The collaboration will integrate USDC into OpenMind's robotics and AI platform for microtransactions between AI agents. OpenMind secured $20M in funding led by Pantera Capital in August 2025, with the project currently in early development stages.

Ethereum's Fusaka upgrade activates Dec. 3 at 21:49 UTC, implementing PeerDAS data-availability sampling and raising the default block gas limit to 60 million. The fork prepares infrastructure for blob-capacity expansions through parameter adjustments scheduled for Dec. 9 and Jan. 7. The upgrade targets higher rollup throughput and tighter blob fee markets without altering consensus-layer staking structures.