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PANews reported on December 1st that Sushi announced on its X platform that Synthesis, led by Alex McCurry, has made a significant long-term strategic investment in the Sushi protocol, including the purchase of over 10 million SUSHI tokens. Alex will join and lead the SUSHI protocol team. Sushi achieved profitability in 2024, with revenue exceeding $10 million from its AMM, aggregator, and related products. With Synthesis’s support, Sushi aims to expand its annual revenue to over $20 million in the coming years, focusing on robust growth, clear execution, and a sustainable business foundation. Previously, it was reported that Jared Grey…

In brief Ripple received regulatory approval in Singapore to broaden payment services using XRP and RLUSD stablecoin under its Major Payment Institution license. XRP surged to a new all-time high price earlier this year, breaking a seven-year record in the process. However, XRP has fallen 45% from that peak, recently trading hands for about $2.00. Ripple has received approval from Singapore’s Monetary Authority (MAS) to expand payment activities under its Major Payment Institution license held by subsidiary Ripple Markets APAC, the crypto giant announced Monday.This expansion allows the crypto-powered fintech company to broaden its regulated payment offerings to Singapore customers,…

When a Wall Street banking giant and a crypto CEO start a public fight over debanking, the world takes notice and the back-and-forth gets messy.Jack Mallers, CEO of crypto payments company Strike, dropped a social media bombshell on Nov. 23, saying JPMorgan closed all his accounts without cause.“Last month (Sept. 2), J.P. Morgan Chase threw me out of the bank,” Mallers said in a post on X. “It was bizarre […] Every time I asked them why, they said the same thing: ‘We aren’t allowed to tell you.’”The post went viral and received reactions from personalities including Tether CEO Paolo…

The XRP Ledger recorded an abnormal surge in AccountSet and AMM Bid transactions this week, triggering widespread discussion across crypto Twitter. The ledger processed more than 40,000 AccountSet transactions in late November, marking its highest configuration activity in years.The activity continued even after BitGo ended its batch updates. This indicates new actors are preparing or reconfiguring large numbers of accounts, rather than routine custodial adjustments.Sponsored SponsoredWhat the AccountSet Surge IndicatesAccountSet transactions update settings, including security flags, AMM (Automated Market Maker) permissions, and multi-sig configurations. They are typically used when institutions prepare accounts for new services or liquidity operations.Therefore, a spike…

Bitnomial, a Chicago-based derivatives exchange, is preparing to roll out the first spot cryptocurrency trading platform overseen by the U.S. Commodity Futures Trading Commission (CFTC).The Chicago-based derivatives exchange’s self-certified rules became effective Friday, authorizing it to list both leveraged and non-leveraged spot crypto products. The approval opens the door for customers to buy, sell and finance digital assets directly on a federally regulated commodities exchange — a first in the U.S. market.Caroline Pham, the acting head of the CFTC, said in November that it was in talks with regulated exchanges over the potential launch of spot crypto products.Bitnomial’s approval lands…

Tesla and SpaceX CEO Elon Musk has reignited some discussion around Bitcoin, describing it as a “fundamental physics-based currency” grounded in energy.  Speaking on a recent podcast with Nikhil Kamath, Musk emphasized that Bitcoin’s value is tied to real-world energy expenditure, highlighting a distinction between digital assets and traditional fiat currencies. “Energy is the true currency,” Musk said. “This is why I said Bitcoin is based on energy. You can’t legislate energy. You can’t just, you know… pass a law and suddenly have a lot of energy.”  The Tesla founder drew attention to the difficulty of producing and harnessing energy,…

Bitcoin (BTC) failed to reclaim $93,000 despite positive momentum in the US stock market and rising gold prices. With the S&P 500 trading just 1% below its all-time high, traders are evaluating what could spark sustainable bullish momentum for Bitcoin.Key takeaways:Demand for BTC put (sell) options and stagnant ETF inflows kept momentum capped despite easing macroeconomic conditions.AI-driven tech relief has cut market stress, but BTC strength relies on holding $90k as investors bet on liquidity support amid softer job market data. Fed target rate expectations for Dec. 10. Source: CME Group FedWatch ToolBond market futures data from CME Group shows…

DMND, a new mining pool built around Stratum V2 which began taking applicants for a soft private launch earlier this year, is now open for all miners to create accounts. Miners can register here to begin onboarding.  DMND’s full public launch comes after a successful SOC 2 Type 2 audit, proving compliance with security policies necessary for large scale miners.  “With our SOC 2 Type 2 compliance and streamlined business verification practices, the DMND pool is built for operators who value security, transparency, and professional-grade standards,” said DMND Co-Founder & CEO, Alejandro De La Torre. “Combined with miner-controlled block construction,…

The recovery in crypto assets comes alongside improved global risk appetite, investor sentiment, and positive macroeconomic signals. Over the last few days, bitcoin and other crypto assets witnessed a steady but cautious recovery from the extreme bearishness seen last week. The broader crypto market staged a gradual recovery after many assets plummeted to levels not seen in seven months. As expected, the recent sell-off affected the derivatives market. However, as the market is recovering, derivatives contracts are also stabilizing. The crypto exchange Bybit has published a report in collaboration with the data and analytics platform Block Scholes, revealing how well the…

Bitcoin continues to trade within a decisive corrective structure, pressing against a key resistance block at $91K–$93K after a sharp bounce. Despite the recent recovery, the broader trend remains tilted to the downside, and the daily chart suggests BTC is approaching a confluence area where the next major directional move will likely be determined. Bitcoin Technical Analysis By Shayan The Daily Chart Bitcoin remains inside a well-defined descending channel, with the price currently testing the mid-range of this structure. The recent rebound from the $80K–$83K demand zone marked the most aggressive buyback of the past month, but the move has…