MicroStrategy co-founder and chairman Michael Saylor dismissed speculation that the company is selling any of its Bitcoin holdings.
In a CNBC interview, Saylor reaffirmed that the firm is still accumulating BTC, doubling down on its long-term strategy despite ongoing market declines.
DOJ Cracks Down on North Korean Crypto Operations
The U.S. Department of Justice announced multiple guilty pleas tied to individuals helping North Korean IT workers obtain U.S. jobs using stolen and falsified identities.
Five U.S.-based accomplices were convicted for masking the workers’ locations and funneling payments from dozens of American companies a scheme designed to help fund North Korea’s sanctioned programs.
BitMine Appoints New CEO
Ethereum-focused treasury company BitMine Immersion Technologies, which holds over $11 billion in ETH, named Chi Tsang as its new CEO and board member.
Tsang replaces Jonathan Bates and brings deep experience from his VC firm m1720.
BlackRock Expands Tokenized Treasury Fund to BNB Chain
BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) is expanding to BNB Chain, thanks to a partnership between the world’s largest asset manager and Binance.
The move positions BUIDL as a core building block for institutional on-chain finance, enhancing capital efficiency for Binance’s advanced traders.
Cash App Rolls Out Major Crypto Payments Upgrade
Cash App released 11 major product updates, including:
- Bitcoin payments
- Stablecoin sending & receiving
- AI-powered navigation
- Enhanced banking tools
- New safety features
The platform now supports over 150 overall improvements designed to modernize digital payments.
Singapore Launches Tokenized Bill Settlement Trials
The Monetary Authority of Singapore (MAS) announced a new phase of blockchain finance testing: tokenized bills settled using wholesale CBDC.
MAS Managing Director Chia Der Jiun also revealed that draft stablecoin regulations are in development.
Czech National Bank Builds $1M Crypto Test Portfolio
The central bank approved an experimental $1 million crypto portfolio containing:
- Bitcoin
- USD stablecoin
- Tokenized deposits
This marks one of the first official crypto treasury experiments by a European central bank.
Dubai Court Upholds TrueUSD Global Freezing Order
Dubai’s Digital Economy Court upheld a worldwide freezing order tied to the $456 million TUSD reserve gap, prompting Justin Sun’s intervention earlier this year.
The case centers on whether reserve funds were improperly transferred to Aria Commodities DMCC.
Circle Reports Surging Quarterly Profit
USDC issuer Circle tripled its Q3 net income to $214 million, driven by higher interest yields on reserve assets.
Total revenue and reserve income rose to $740 million, far above analyst expectations.
Kraken Co-CEO Criticizes UK Crypto Warnings
Kraken’s co-CEO Arjun Sethi criticized the U.K.’s mandatory “cigarette-style” crypto risk warnings, arguing they mislead retail users and create unnecessary barriers for informed investment.
Coinbase Walks Away from BVNK Acquisition
Coinbase has ended its exclusive negotiations to acquire U.K.-based stablecoin infrastructure provider BVNK a deal previously estimated at around $2 billion.
The collapse comes after competing interest from Mastercard.
Bank of England Proposes Stablecoin Holding Limits
The Bank of England suggested “temporary” holding caps for stablecoins:
- £10 million cap for institutions
- £20,000 per coin cap for individuals
The move is part of its broader regulatory framework for digital assets.
