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Daily Market Wrap | Dec. 01

Hot Topics

Bitcoin’s 5% drop to $86K liquidated $500M during early Asia trading.

Japan plans to slash crypto gains tax to flat 20% from up to 55% starting 2026, boosting local traders.

Sony Bank plans USD-pegged stablecoin launch in US by 2026 with Bastion for games and anime.

Market Updates

Visa partners with Aquanow to expand USDC stablecoin settlements across Central and Eastern Europe, the Middle East, and Africa (CEMEA).

BlackRock’s Bitcoin ETFs, spearheaded by IBIT, have become the firm’s top revenue source with an estimated $245M annual fees.

BTC-4.79%
USDC-0.03%
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