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US Regulators Pressed to Meet July 2026 Deadline for Stablecoin Rules

Cryptonite UAE

A House Financial Services Committee hearing was held to push federal regulators to meet the July 2026 deadline for implementing rules under the Guiding and Establishing Innovation for US Stablecoins Act (GENIUS Act). The GENIUS Act’s Mandate: The Act, which became law on July 18, requires agencies to publish comprehensive stablecoin rules within one year. … Read more

UK Passes Landmark Law Classifying Digital Assets as Property

Cryptonite UAE

The United Kingdom has officially passed the Property (Digital Assets etc) Bill into law, giving digital assets—including cryptocurrencies and stablecoins—a clear legal status as property. The bill received Royal Assent, formalizing a common law position into statutory law. Key Implications of the New Law: Codification of Property Rights: While UK courts had previously treated digital … Read more

Bitcoin Mining Profitability Crisis: Low Hashprice Pushes Public Miners to the Brink

Cryptonite UAE

Bitcoin mining profitability has reached one of its lowest points in years, primarily due to the drop in hashprice (revenue per petahash per second) to approximately $35/PH/s. Below Break-Even: This hashprice is now below the median cash-based hashcost of around $44/PH/s, meaning a significant part of the mining industry is operating at or below their … Read more

Crypto’s “Santa Rally” is Selective: December Gains Clustered in Bull and Recovery Years

Cryptonite UAE

A six-year data review (2019-2024) of five major and mid-cap cryptocurrencies (Bitcoin, Ethereum, Binance Coin, Litecoin, and Monero) reveals that December gains, or “Santa rallies,” are not guaranteed every year but are clustered in specific bull and recovery market cycles (notably 2020 and 2023). Key Cryptocurrency December Performance (2019-2024) Bitcoin (BTC): Strongest Decembers: Saw huge … Read more

China Intensifies Cryptocurrency and Stablecoin Crackdown

Cryptonite UAE

On November 28, 2025, the People’s Bank of China (PBOC), in collaboration with over ten government departments (including the Ministry of Public Security and the Central Cyberspace Affairs Commission), held a meeting in Beijing to significantly intensify its crackdown on virtual currency trading and stablecoin activities. Key Regulatory Points: Reaffirmation of Ban: The meeting underscored … Read more

Deutsche Telekom and Schwarz Group Plan AI Gigafactory to Boost EU’s AI Standing

Cryptonite UAE

Deutsche Telekom and the unlisted retailer Schwarz Group are reportedly in advanced talks to build an AI gigafactory in Germany. This project is part of a larger European effort to compete with the US and China in the AI race by establishing major data centers. Targeting EU Funding The two German giants plan to apply … Read more

Bitcoin Value Debate Escalates as $7.8B in Shorts Face Liquidation

Cryptonite UAE

The ongoing debate about Bitcoin’s source of value has intensified, pitting Elon Musk’s “energy-backed” narrative against Peter Schiff’s “worthless asset” claim, all while a massive $7.8 billion in short positions are poised for liquidation if Bitcoin’s price surges. Musk’s Argument: A resurfaced interview clip shows Musk asserting that Bitcoin’s value is derived from the energy … Read more

Grayscale to Launch First US Spot Chainlink ETF This Week, Igniting Altcoin ETF Race

Cryptonite UAE

Grayscale is set to launch the first U.S. spot Chainlink (LINK) exchange-traded fund (ETF) as early as this week, according to ETF Institute co-founder Nate Geraci and backed by Bloomberg Intelligence analyst Eric Balchunas. Key Developments: LINK ETF Launch: Grayscale plans to convert its existing private Chainlink trust into a publicly traded, spot-based ETF. Bloomberg … Read more

KuCoin Secures MiCA License in Austria, Opening Doors to 29 European Countries

Cryptonite UAE

KuCoin, through its European subsidiary KuCoin EU Exchange GmbH, has obtained a Markets in Crypto-Assets (MiCA) license in Austria. This significant regulatory approval allows the exchange to offer compliant digital asset services across all 29 European Economic Area (EEA) countries. The authorization marks KuCoin’s successful alignment with the European Union’s comprehensive MiCA framework, which fully … Read more

Tether Alters Reserve Strategy: Shifting from Treasuries to Gold and Bitcoin

Cryptonite UAE

Tether (USDT) is proactively adjusting its reserve strategy, pivoting away from traditional U.S. Treasuries and toward alternative assets like gold and Bitcoin in anticipation of the Federal Reserve’s next cycle of interest-rate cuts. This change, which sees these alternative assets now totaling over $22.7 billion in Tether’s overall $181.2 billion reserves, is one of the … Read more

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