On Dec. 2, Connecticut’s Department of Consumer Protection ordered Kalshi, Robinhood, and Crypto.com to stop offering alleged unlicensed online sports wagering, prompting Kalshi to sue the agency the following day. Judge Vernon Oliver has now temporarily blocked Connecticut from enforcing its gambling order against Kalshi under a court schedule that runs into early 2026, as the company argues its event contracts fall under the exclusive jurisdiction of the federal CFTC. While fighting multiple state-level lawsuits, Kalshi has also signed a partnership with CNN and reported November trading volume of $4.54 billion, following a $1 billion funding round that valued the firm at $11 billion.

Circle has secured a full Financial Services Permission from Abu Dhabi Global Market’s Financial Services Regulatory Authority, enabling it to operate as a regulated Money Services Provider in the UAE. The company plans to use the approval to expand USDC-based payment, settlement and infrastructure services in the region. It has appointed Dr. Saeeda Jaffar as Managing Director for the Middle East and Africa. The move follows earlier recognition of USDC and EURC in Dubai and coincides with new approvals for Tether’s USDT and Binance within ADGM.

Tether’s USDT stablecoin has been approved as a fiat-referenced token in Abu Dhabi Global Market (ADGM). The designation allows licensed firms to use USDT across a broad range of supported blockchains. It extends earlier recognition on Ethereum, Solana and Avalanche. The move aligns with Abu Dhabi’s wider digital-asset strategy, which includes full authorization for Binance under the ADGM regime.

Bitcoin climbed back above $92,000 as analysts pointed to a possible liquidity injection by the Federal Reserve alongside an expected 25 basis-point rate cut on Wednesday. Market tools show traders heavily positioning for a dovish outcome, though some warn against assuming a prolonged easing cycle.

The Supreme Court of British Columbia has ordered the forfeiture of more than $1 million in cash, gold bars and luxury items tied to QuadrigaCX co-founder Michael Patryn after he chose not to contest the case. Authorities say the assets, including 45 gold bars, high-end watches and a loaded pistol found in a Vancouver safety deposit box in 2021, were allegedly purchased with misappropriated customer funds from the failed crypto exchange. The ruling allows the province to liquidate the seized property and examine whether any proceeds can be distributed to QuadrigaCX creditors, who recovered only a small fraction of their balances in bankruptcy.

Bitcoin is hovering at a key 0.382 Fibonacci retracement that analysts say could determine whether the uptrend holds or price slides back toward the April low near $76,000. Over the weekend, BTC briefly dipped below $88,000 in a leverage flush before rebounding above $91,500, and traders are watching the upcoming Fed meeting and U.S. macro releases for cues. On-chain, a rising "liveliness" metric alongside signs of seller exhaustion points to underlying accumulation even as spot action and ETF inflows remain subdued.

Ethereum co-founder Vitalik Buterin has proposed a trustless onchain gas futures market to help users lock in future transaction costs. The system would allow participants to hedge against fee volatility by prepaying for gas during specified time windows. Buterin says the mechanism aims to provide price predictability for traders and developers managing high transaction volumes.

A blockchain metric known as 'liveliness' is trending upward even as Bitcoin prices remain stagnant, data show. The indicator measures the ratio of coins being transacted relative to those held, weighted by age, and its rise historically aligns with bull market activity. Analysts note that dormant coins are moving at unprecedented scale, signaling a major capital rotation that may indicate the current cycle has not yet concluded.

Strive, the 14th-largest public Bitcoin holder, is calling on MSCI to withdraw its proposal that would exclude companies with crypto exposure exceeding 50% of total assets from global indexes. The plan could force firms like Strategy out of the MSCI World Index. JPMorgan estimates the move could result in losses of up to $2.8 billion for affected companies.