Business

December, 2025

• 18 December

  Crypto Pardons Under Fire: California Governor Targets Trump Over CZ, Ulbricht

  

  California Governor Gavin Newsom escalated his feud with President Donald Trump by launching a state website on December 16, branding Trump’s pardons of prominent crypto figures as favors to “criminal cronies.” The site highlights clemency for Binance founder Changpeng “CZ” Zhao, Silk Road creator Ross Ulbricht, and BitMEX co-founders, amid claims of crypto industry ties to Trump’s family business. Newsom’s …
• 18 December

  From Bricks to Blockchain: India’s Tokenization Bill Targets Real Estate Boom

  

  In a significant push for financial inclusion, Aam Aadmi Party Member of Parliament Raghav Chadha urged the Indian government on December 16-17 to introduce a dedicated “Tokenization Bill” during a Rajya Sabha session. The proposal aims to enable blockchain-based fractional ownership of high-value assets, including real estate, infrastructure projects, and intellectual property, potentially democratizing access for middle-class investors. What Is …
• 18 December

  $27M Vanishes as Whale Multisig Wallet Breached in Private Key Leak

  

  A major cryptocurrency whale suffered a significant security breach when a multisignature (multisig) wallet was compromised, resulting in the theft of approximately **$27.3 million** in assets, primarily Ethereum. Blockchain security firm PeckShield first alerted the community on December 18, identifying the incident as stemming from a **private key compromise**. The attacker gained sufficient control to meet the multisig threshold, authorizing …
• 18 December

  Asia Market Open: Bitcoin Slips as Tech Sell-Off Ripples From Wall Street

  

  Bitcoin traded lower in early Asian hours, extending losses amid a broader risk-off sentiment triggered by a sharp tech-led sell-off on Wall Street the previous day. The flagship cryptocurrency dipped toward **$86,000** during thin Asian liquidity, mirroring declines in major altcoins like Ethereum. This followed a volatile U.S. session where concerns over AI valuations and funding challenges hammered technology stocks. …
• 18 December

  Prediction Markets or Meme Coins? The Hunt for Crypto’s Next Alpha

  

  As 2025 draws to a close, crypto traders are debating the next source of outperformance. Meme coins, long the kings of explosive short-term gains, have cooled significantly, while prediction markets have surged in volume and mainstream adoption, emerging as a potential new meta. Meme Coins: Fading Hype Cycle Meme coins delivered massive returns in 2024’s bull run, with sector market …
• 18 December

  AI Crystal Ball: Perplexity Predicts Where Pi, Bitcoin, and Solana Could Land by End-2025

  

  As crypto enthusiasts increasingly consult AI tools for market insights, reports attributing price predictions to Perplexity AI have proliferated across news sites. A December 17, 2025, article from CryptoNews highlighted Perplexity’s aggregated views on Bitcoin (BTC), Solana (SOL), and Pi Network (PI), emphasizing volatility amid holiday-season trading. Bitcoin (BTC): Institutional Anchor with Upside Potential Perplexity reportedly sees BTC maintaining dominance, …
• 18 December

  Crypto to Stocks: Coinbase Bets Big on Becoming an ‘Everything App’

  

  Coinbase, the leading U.S. cryptocurrency exchange, announced a major expansion aimed at transforming its platform into an “Everything Exchange.” During its “System Update” event, the company rolled out stock trading and prediction markets, marking a significant step toward integrating traditional finance with digital assets. Stock trading is now available in the main Coinbase app for U.S. users, starting with hundreds …
• 17 December

  HashKey Launches in Hong Kong, Market Response Muted by Volatility

  

  HashKey Holdings Ltd., operator of Hong Kong’s largest licensed cryptocurrency exchange, made its trading debut on the Hong Kong Stock Exchange on December 17, 2025, with shares experiencing volatility reflective of broader market caution. The company raised approximately HK$1.6 billion ($206 million) in its initial public offering, pricing 240.6 million shares at HK$6.68 each—near the upper end of the HK$5.95–HK$6.95 …
• 17 December

  Russia Will Never Recognize Crypto as Official Currency, Lawmaker Says

  

  Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets, has reiterated that cryptocurrencies will never be recognized as money or legal tender in Russia, emphasizing that all domestic payments must be conducted exclusively in rubles. Speaking at a TASS press conference on December 15, 2025, Aksakov stated: “It must be understood that cryptocurrencies will never become money within …
• 17 December

  Canada’s Central Bank Calls for Strong Reserve Backing for Stablecoins

  

  Bank of Canada Governor Tiff Macklem emphasized the need for robust reserve backing and regulatory safeguards for stablecoins in a speech on December 16, 2025, as the country prepares to implement a new federal framework in 2026. Delivering remarks to the Chamber of Commerce of Metropolitan Montreal, Macklem stated that stablecoins must be pegged one-to-one to a central bank currency—such …