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Crypto regulation in the UK is taking a major step forward as Eunice partners with leading firms like Coinbase, Kraken to develop a new solution for transparent cryptoasset disclosures. The project, now underway in the FCA’s Regulatory Sandbox, aims to help consumers better understand digital assets and the risks involved before investing.
A working group led by Eunice has created standardised industry disclosure templates designed to make it easier for crypto firms to meet documentation requirements. The templates will be tested in the Sandbox to maximise transparency, with results expected to shape the FCA’s future rules for the sector. Eunice’s CEO Yi Luo says the initiative marks a significant move toward integrity and clarity in the fast-growing digital asset market.
FCA innovation chief Colin Payne encouraged more firms to apply to the Sandbox, noting the regulator’s commitment to building a safer and more competitive crypto environment. The effort forms part of the FCA’s wider Crypto Roadmap, ahead of new rules set for 2026.
Key Takeaways
JPMorgan shut Mallers’ accounts without a clear explanation.
Bitcoin supporters view it as part of broader industry pressure.
The move sparks doubts about the bank’s compliance with Trump’s order.
Criticism of JPMorgan Chase is growing after the bank closed the personal accounts of Jack Mallers, CEO of the Bitcoin payments company Strike.
The closure happened without warning, and many people in the Bitcoin industry believe it is another example of U.S. banks quietly refusing to work with Bitcoin companies and their leaders.
Mallers said the bank closed his accounts in September and did not give a real explanation. He said that every time…
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JPMorgan Chase has announced a new derivative-style investment tied to BlackRock’s massive iShares Bitcoin Trust (IBIT), giving investors a chance at major gains without directly holding crypto. The proposal, filed with the SEC, lets investors benefit if IBIT dips over the next year but surges by 2028—a structure many see as bullish for long-term Bitcoin confidence.
The notes set a target price for IBIT next month. Should IBIT meet or exceed that level in a year, the product automatically pays investors a minimum 16% return. If the price falls short, the investment continues until 2028. A strong Bitcoin rally by then could reward buyers with unlimited upside at 1.5x gains, while offering full principal protection as long as IBIT isn’t down more than 30%.
The move highlights Wall Street’s increasing embrace of crypto-linked products. JPMorgan’s offering follows similar structures from Morgan Stanley and underscores shifting attitudes in traditional finance toward Bitcoin’s long-term potential.
Texas has become the first U.S. state to officially buy Bitcoin for its Strategic Reserve, securing $5 million worth of BTC at around $87,000 each. The acquisition was executed through BlackRock’s iShares Bitcoin Trust (IBIT) as the state continues preparing to self-custody its holdings. Lee Bratcher, President of the Texas Blockchain Council, confirmed the landmark purchase and said Texas will eventually hold its own Bitcoin directly.
The move strengthens Texas’ push to position itself as America’s leading crypto-friendly hub. Lawmakers approved the creation of the Strategic Bitcoin Reserve earlier this year, aiming to treat BTC as a long-term strategic asset. The announcement follows a wave of institutional adoption, with Harvard’s endowment tripling its IBIT holdings to more than $442 million, alongside growing exposure from Emory University and Abu Dhabi’s Al Warda Investments.
Momentum is spreading to other states as well. New Hampshire recently approved a $100 million Bitcoin-backed municipal bond, the first of its kind globally. The state’s plan allows private borrowers to leverage over-collateralized Bitcoin, signaling broader government-level confidence in BTC as a financial instrument.
Bitcoin is hovering near $87,000 as a wave of new altcoin spot ETFs hits the market this week.
Notable Statistics:
Coinglass data shows 99,379 traders were liquidated in the past 24 hours for $318.05 million.
In the past 24 hours, top gainers include Story, Kaspa, and Ethena.
Notable Developments:
Trader Notes: Crypto chart analyst Ali Martinez warned that Bitcoin may be forming a bearish flag, a pattern that, if validated, targets a potential drop toward $79,000.
Crypto trader Jelle offered a more constructive view, noting Bitcoin has started a mini uptrend characterized by higher highs and higher lows. Still, he cautions that the chart is loaded with overhead resistance…
Read more on Benzinga
On November 20, Texas became the first U.S. state to buy Bitcoin for its Strategic Reserve, acquiring $10 million at roughly $87,000 per BTC, according to Lee Bratcher, President of the Texas Blockchain Council.
The purchase was made through BlackRock’s iShares Bitcoin Trust (IBIT) while the state finalizes plans for self-custody.
The move signals growing state-level interest in Bitcoin as a reserve asset. Texas had previously explored strategic Bitcoin legislation last year, wanting to create a Bitcoin reserve without using taxpayer funds.
In June of this year, the Texas governor signed the legislation into law, creating a state Strategic Bitcoin…
Read more on BitcoinMagazine
