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HashKey Gets Green Light in HKEX Listing Hearing, IPO Next Step

Hong Kong’s crypto vanguard, HashKey Holdings, has vaulted a pivotal regulatory barrier, securing clearance from the Hong Kong Exchanges and Clearing (HKEX) listing committee on December 1, 2025. This greenlight propels the licensed exchange operator—Asia’s largest by volume—toward a blockbuster initial public offering (IPO) potentially raising up to $500 million, per disclosures in its Post Hearing Information Pack. Founded in …

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Musk Foresees ‘Death of Money’ in Post-Scarcity Era: Energy as True Currency, Bitcoin’s Physics Edge to Endure

Tesla and SpaceX visionary Elon Musk ignited fresh crypto fervor on November 30, 2025, during Nikhil Kamath’s “People by WTF” podcast, prophesying the obsolescence of traditional money in an AI-driven utopia while anointing Bitcoin as a resilient “physics-based currency” rooted in energy’s unforgeable scarcity. Drawing from Iain M. Banks’ *Culture* novels—galactic societies sans cash, where super-AIs fulfill desires—Musk envisioned abundance …

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Japan Plans Flat 20% Tax on Crypto Gains, Aligning With Stock Market Rates

Japan, a crypto pioneer since 2017’s exchange licensing, is rewriting its digital asset playbook with a game-changing proposal: A uniform 20% tax on cryptocurrency profits, harmonizing them with equities and investment trusts. Backed by the government and Liberal Democratic Party (LDP), the shift—detailed in Nikkei Asia on December 1, 2025—reclassifies gains under a separate-taxation regime, ditching the punitive progressive “miscellaneous …

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Major Hack Hits Yearn Finance yETH, $3M ETH Laundered via Tornado Cash

The decentralized yield optimizer Yearn Finance faced a gut-punch on November 30, 2025, as a cunning infinite-mint attack ravaged its legacy yETH liquid staking token (LST) stableswap pool, siphoning ~$9 million in assets. Flagged by on-chain sleuth @Togbe and PeckShieldAlert, the breach—unfolding in a blistering single transaction—exposed persistent risks in outdated DeFi plumbing, even as core vaults held firm. At …

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Sony Bank to Enter Crypto Space with USD-Backed Stablecoin Next Year

In a bold fusion of legacy tech and blockchain innovation, Sony Bank is poised to issue a U.S. dollar-pegged stablecoin by fiscal 2026, targeting seamless transactions across Sony’s sprawling entertainment empire. Unveiled via Nikkei Asia on November 30, 2025, the move catapults the Japanese financial arm into the $306 billion stablecoin arena, joining titans like Circle’s USDC and Ripple’s RLUSD …

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