Harvard University is accelerating its shift toward Bitcoin, increasing its investment exposure to BTC at a significantly faster rate than gold, according to Bitwise CIO Matt Hougan. In an update shared on X on December 8, Hougan revealed that Harvard University expanded its Bitcoin holdings from $117 million in Q2 to nearly $443 million in Q3. By comparison, the universitys gold ETF allocation grew from $102 million to $235 million over the same period. This 2-to-1 ratio in favor of Bitcoin highlights Harvards growing conviction that BTC is a stronger asset in a macro environment dominated...

Robinhood is making a major move into Southeast Asia as it prepares to enter Indonesias fast-growing crypto market through the acquisition of two local regulated firms. According to Reuters, the company will purchase Buana Capital Sekuritas and Pedagang Aset Kripto, giving Robinhood immediate access to Indonesias booming trading environment and a significant regulatory advantage. Indonesia has become one of the worlds most active crypto hubs, driven by its young, tech-savvy population. The country now records more than 19 million capital market investors and 17 million crypto traders, making...

Binance, the worlds largest cryptocurrency exchange, has officially announced support for Midnights native token, NIGHT, fueling major excitement across the Cardano community. The exchange revealed through an X post on December 8 that Binance Alpha will list the NIGHT token, with eligible users able to claim their airdrop using Alpha points once trading begins on December 9. Binance noted that additional details regarding its full support for the Midnight network will be released soon. Midnight, a zero-knowledge proof network built within the Cardano ecosystem, emphasized that the Binance...

Binance has secured a major regulatory milestone after receiving authorization from Abu Dhabi Global Market (ADGM) to operate across a fully regulated exchange, clearing, and brokerage framework. This approval marks a significant step in Binances global compliance strategy and strengthens its presence in the UAEs rapidly growing digital asset ecosystem. Under the new regulatory structure, Binance will operate in Abu Dhabi through three locally incorporated entities under the Nest brand, a framework designed to mirror the traditional market stack seen in legacy financial exchanges. ADGMs...

Bitcoin traded just above $91,300 on Monday as Asian equities opened the week slightly higher, with investors preparing for a busy round of global central bank meetings. Markets have largely priced in a 25-basis-point Federal Reserve rate cut, keeping risk sentiment steady but cautious. MSCIs Asia equity benchmark added around 0.2%, led by tech stocks, while U.S. futures and the dollar edged lower. Crypto markets mirrored this broader tone. Bitcoin gained 2% over the past 24 hours and more than 6% in the past week, extending last weeks rebound. However, the rally is encountering resistance...

Coinbase has officially resumed onboarding users in India after more than two years, marking its first major step back into a market it exited in 2023 due to regulatory complications. The crypto exchange is now allowing new user registrations and crypto-to-crypto trading, with plans to restore fiat on-ramps next year, according to APAC director John OLoghlen during India Blockchain Week. The companys return follows a lengthy standoff that began in 2022 when Coinbase launched in India with support for the Unified Payments Interface (UPI). The feature was removed just days later after the...

Farcaster is undergoing a major strategic shift as the team pivots its roadmap toward its rapidly growing in-app wallet and trading features. After more than four years of pushing a social-first vision, cofounder Dan Romero admitted that the decentralized social network has struggled to establish a sustainable growth loop or reach true product-market fit. Despite experimenting with various ways to spark engagement and encourage third-party client development, the platform never achieved the viral momentum needed to compete with established social networks. According to Romero, the...

British Columbia has officially seized nearly $1 million in cash, gold, and luxury items connected to QuadrigaCX co-founder Michael Patryn, marking one of the most significant tests of the Provinces unexplained wealth order (UWO) framework to date. According to a report from the Vancouver Sun, the Supreme Court of British Columbia granted the civil forfeiture after Patryn chose not to contest the action, allowing authorities to take ownership of 45 gold bars, high-end watches, jewelry, and more than $250,000 in cash. Court documents reviewed by CoinDesk reveal that the forfeiture judgment,...

ZKsync developer Matter Labs has announced plans to retire ZKsync Lite, its earliest zero-knowledge rollup launched in 2020, marking a major shift toward its more advanced scaling solutions. The team emphasized that the deprecation will be planned and orderly, noting that it will not affect ZKsync Era or any other systems in the ZKsync ecosystem. Originally introduced as a proof-of-concept payment rollup, ZKsync Lite validated core ideas that later shaped the architecture of ZKsync Era and the modular ZK Stack. According to Matter Labs, Lite accomplished its mission by showcasing the...

Ripples stablecoin RLUSD is gaining strong momentum as new on-chain data reveals its market cap has climbed to roughly $1.1 billion on Ethereum. The rapid rise has sparked fresh discussions among analysts, many of whom say Ripples choice to deploy RLUSD across multiple networks is one of its most strategic decisions this year. Crypto analyst Wendy O noted that launching RLUSD on both Ethereum and the XRP Ledger positions it for broader adoption, emphasizing that the crypto industry is clearly shifting toward a multi-chain future. She added that other projects should take note, as...