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The Block

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Japan’s JPYC launches country’s first yen-denominated stablecoin
The JPYC stablecoin is designed to maintain a 1:1 peg with the yen and is fully backed by yen deposits and Japanese government bonds....

Bitcoin surges above $115,000, millions in short positions liquidated
As prices recovered on positive macro signals, nearly $350 million worth of short positions were liquidated in the past day....

Bitcoin proposal to curb spam with a temporary soft fork sparks debate among developers
After this month's v30 update to Bitcoin Core, some developers are considering a temporary soft fork to tamp down on arbitrary data, like inscriptions. ...

Bitcoin illiquid supply declines as 62,000 BTC moves out of long-term holder wallets: Glassnode
A recent estimate from Fidelity found that as much of 42% of Bitcoin's supply could be considered illiquid by 2032, if current trends hold. ...

Tether-backed Rumble will debut Bitcoin tipping for its 51 million monthly users in December
Rumble Wallet will soon support payments and tips in Bitcoin, USDT, and Tether Gold for its 51 million monthly active users. ...

Kyrgyzstan to launch stablecoin on BNB, plans CBDC in partnership with adviser Changpeng Zhao
The country is also planning to create a national cryptocurrency reserve that will include BNB tokens, CZ said on X. ...

Crypto.com seeks OCC federal charter, joining Coinbase, Ripple, and others
The exchange has processed more volume than Coinbase in recent months, according to The Block's data. ...

Coinbase’s Base token could be worth as much as $34 billion, JPMorgan says
JPMorgan see Coinbase’s Base network growth and upcoming token exploration as a shift toward deeper onchain monetization....

President Trump taps Michael Selig to lead CFTC amid push for crypto oversight: Bloomberg
The White House tapped Michael Selig to lead the CFTC as lawmakers move to cement the agency's authority over digital assets....

SpaceX moves another $134 million in bitcoin to new wallets: Arkham
SpaceX appears to be consolidating its BTC by moving the cryptocurrency from older, legacy wallet addresses to new, modern ones....