LATEST:โก๏ธBloomberg ETF analyst Eric Balchunas says that the recent explosion in enthusiasm for #Zcash has "third-party candidate vibes" and risks splitting support away from #Bitcoin at a crucial moment. $ZEC $BTC
๐จ๐ณChina quietly revives #Bitcoin mining industry
Having fallen to 0 after the ban in 2021, China's $BTC mining market share has rebounded strongly by the end of October, accounting for 14.1% of the mining market share - ranking TOP 3 globally.
Mining activities are said to be concentrated in areas with excess electricity, especially Xinjiang.
๐ฒ๐พMalaysia Losses Over $1B Due to Crypto Mining
TNB Malaysia has lost ~$1.11B due to 13,827 illegal electricity points used for crypto mining since 2020.
TNB is working with the authorities to thoroughly handle this situation, and is deploying smart electricity meters at distribution stations to detect fraud in real time.
Grab is stepping up its stablecoin push after signing a partnership with #StraitsX , the issuer of XSGD and XUSD.
The goal is to build a Web3 payment system that uses stablecoins within the Grab app.
If approved by the countries, #Grab users in the eight countries will be able to:
- Hold $XSGD, $XUSD in the app.
- Pay with stablecoins.
- Send/receive money across borders faster and with lower fees. StraitsX said that payments within the region are currently fragmented and expensive, so stablecoins could be a unified solution.
Aave has just launched a savings app for ordinary users, paying 5-9% interest/year, much higher than banks (usually only 0.4-4%). โโ
The app allows you to view interest in real time, deposit money from banks/cards/stablecoins, withdraw money immediately and have your balance protected up to 1 million USD. $AAVE is currently opening a waiting list for those who want to use it early.
๐ญ๐ฐ Hong Kong Tests Real Transactions with Tokenized Deposits Hong Kong has launched a new pilot phase of Project Ensemble, allowing real-value transactions using tokenized deposits and digital assets.
According to the Hong Kong Monetary Authority (HKMA), this is an important step, moving the project from sandbox simulation to real payments, continuing its strategy to become the region's digital asset hub.
Strategy has acquired 8,178 BTC for ~$835.6 million at ~$102,171 per bitcoin and has achieved $BTC Yield of 27.8% YTD 2025. As of 11/16/2025, we hodl 649,870 $BTC acquired for ~$48.37 billion at ~$74,433 per bitcoin.
Japan Moves to Reclassify Cryptocurrencies and Introduce Major Tax Cuts
As these 105 crypto assets are gradually being treated as traditional financial products, the Japanese government is looking to reduce the tax rate on crypto earnings to the same level as that on equity investments โ from a maximum of 55% to 20%.
The tax reform is expected to be reviewed in the next fiscal year.
โก๏ธ NEW: The Bitcoin $BTC vs Zcash debate intensifies as $ZEC reclaims $700 after falling to a low of $598, sparking accusations of coordinated pumps.