The US Dollar Experienced Its Biggest Weekly Drop in Four Months
With US markets closed for Thanksgiving, liquidity fell, increasing volatility in foreign exchange. The dollar is preparing for its sharpest weekly drop since July, retreating from the six-month high it saw a week ago. The market’s focus has shifted to the Fed’s December meeting and the 2026 path. Brent Donnelly of Spectra Markets says that the main trades for 2026 will be reestablished and that the “long dollar” may not come to the fore. He also implies that if a dovish line is expected (e.g., the Hassett effect), the dollar could weaken further.
UK Autumn Statement: No Crypto Tax Hike, Tighter Regulation
UK Chancellor Rachel Reeves did not introduce a new crypto-specific tax hike in the autumn budget. Crypto assets will continue to be taxed the same as other financial assets. However, the government is moving towards a stricter framework on the reporting and oversight side. With the CARF regime, scheduled to come into effect in 2026, tax transparency and reporting obligations for crypto transactions will increase. So, even if the rates remain the same, compliance costs and regulatory pressure are rising.
Bhutan Royal Government Transfers ETH to Figment for Staking
Approximately 320 ETH was sent from the Bhutan Royal Government address to Figment for staking purposes. The total value of the transfer is reported to be approximately $920,000. This move shows that staking activities are continuing at the state level. It also indicates that Bhutan prefers to evaluate its crypto assets in a way that generates passive income.
Alt5 Sigma, Associated with WLFI, Removes Acting CEO and COO
Alt5 Sigma announced that it has parted ways with acting CEO Jonathan Hugh and COO Ron Pitters. The company appointed new executives but did not share details about the reasons for the dismissals. There is speculation that this decision may be related to long-standing legal issues that have previously been raised. The development also attracted attention in the crypto market due to its connection to the WLFI ecosystem.
Ripple’s RLUSD Stablecoin Recognized in Abu Dhabi ADGM
Ripple announced that RLUSD has been recognized as an “acceptable fiat-referenced token” by Abu Dhabi Global Market regulator FSRA. This makes RLUSD available for use by regulated institutions within ADGM. The recognition is seen as a move by Ripple to accelerate the spread of stablecoins in the Middle East. It also paves the way for institutions in the region to integrate RLUSD into their products within a legal framework.
Aave Founder: UK’s DeFi Tax Approach Benefits Crypto Borrowing
Aave founder Stani.eth said he welcomes HMRC’s decision not to treat DeFi deposits as “disposals” for capital gains purposes. This approach ensures users do not face tax friction when lending/staking. It creates an advantage, especially for UK users who borrow stablecoins with crypto collateral. According to Stani, this will support wider adoption of DeFi in the country.
Ethereum Block Gas Limit Increased to 60 Million
The Ethereum block gas limit has been increased from 45 million to 60 million. This increase aims to expand the network’s transaction capacity and reduce congestion during peak periods. The change was automatically implemented with the support of the majority of validators. Ethereum Foundation researchers emphasize that this is a continuation of the scaling momentum seen over the past year.
Solana ETFs End 22-Day Net Inflow Streak
Solana ETFs ended their 22-day streak of net inflows. The last day saw a total of approximately $8.2 million in net outflows, with the largest outflow occurring in the 21Shares product. In contrast, the Bitwise ETF continued to see inflows. The development signals a weakening of short-term risk appetite on the Solana side.
Upbit Updates Hack Amount, Korean Regulator Launches On-Site Investigation
Upbit revised its loss in the Solana-related security incident to 44.5 billion KRW (approximately $30.4 million). It also updated the size of the frozen funds to approximately 2.3 billion KRW. The Korea Financial Supervisory Service has launched an on-site investigation into the incident and is investigating the scope of the attack. The investigation is expected to last until next week.
Upbit: 54 Billion KRW Attack on Solana Network, Losses to be Covered
Upbit announced that the attack on the Solana network resulted in a total loss of 54 billion KRW (approximately $36 million). The exchange stated that all customer losses will be compensated by the platform. This announcement is seen as a clear guarantee aimed at maintaining user confidence. The investigation into the technical cause and attack vector of the incident is ongoing.
MicroBit Capital Donates $100,000 to Hong Kong Fire Relief Efforts
MicroBit Capital announced that it has donated $100,000 to support communities affected by the fire in Tai Po, Hong Kong. The donation will be transferred through the Hong Kong Youth and Student Power Foundation. The company aims to contribute to emergency relief and recovery efforts. This stands out as a symbolic move in terms of social responsibility steps taken by crypto/financial institutions.
Alliance DAO Co-Founder: Crypto Users Trading US Stocks Are Like “Fish”
The Alliance DAO co-founder said that crypto users underestimate professional market makers when trading US stocks. According to him, retail investors may be lucky in the short term, but sustainable gains are difficult in the long term. He emphasized that professional institutions reduced inefficiencies in the market to near zero years ago. As a result, he argued that the most solid strategy is to hold quality assets for the long term, preferably with index funds.
