Top 5 Crypto News of the Week! (01 - 07 December)
Dear PointPay Family,
The first week of December is already over, and what a wonderful time it was. In a whirlwind of news and headlines, we have selected our personal top 5 most interesting and important. Read it to stay informed about the key events of the cryptosphere.
Thailand Strengthens Its Position as a Regional Crypto Hub
Thailand is closing 2025 with one of the boldest regulatory moves in Southeast Asia: crypto profits generated on licensed exchanges remain fully exempt from capital gains tax. The policy, introduced at the start of the year, has transformed the country into a competitive destination for traders and international investors seeking a supportive regulatory environment.
This tax-free framework has invigorated local digital markets and drawn new players into Thailand's crypto ecosystem. By removing barriers for both individuals and businesses, the government has accelerated blockchain adoption and positioned the country for long-term growth in the digital asset sector.
Tether Makes Record Gold Purchase as It Diversifies Beyond the US Dollar
Tether is wrapping up 2025 with a major strategic shift, acquiring around $26 billion worth of gold - a volume larger than the combined purchases of global central banks this past quarter. The move suggests a deliberate reduction of exposure to US Treasuries and a broader diversification of the reserves backing its stablecoins.
The decision comes amid S&P's downgrade of Tether's rating and may also signal ambitions to expand further into European and Asian markets. According to public reports, Tether's Q3 acquisition outpaced nations such as Kazakhstan, Brazil, Turkey, and even China, marking a historic pivot in the company's reserve strategy.
UK Grants Full Legal Property Status to Digital Assets
The UK has formally recognized cryptocurrencies and stablecoins as personal property following the passage of the Property (Digital Assets etc) Bill into law. With royal assent granted by King Charles, digital assets now benefit from clear ownership rights, inheritance pathways, and legal protections in cases of theft or insolvency.
This framework finally resolves long-standing legal ambiguity around digital belongings, affirming that electronic or blockchain-based items qualify as property even without traditional physical form. The update arrives as roughly 12% of the UK's adult population holds cryptocurrency, reflecting growing mainstream adoption.
Bitcoin Rebounds Above $90,000 Amid the “Vanguard Effect”
Bitcoin staged a sharp recovery at the end of December, climbing back over the $90,000 mark after a rapid market reversal. The surge added roughly $6,000 to BTC's price within 24 hours and triggered a wave of short liquidations exceeding $140 million.
Industry analysts linked the move to what has been dubbed the “Vanguard Effect”. According to Bloomberg's Eric Balchunas, Bitcoin rallied moments after the US market opened, following the announcement that Vanguard would lift its ban on trading Bitcoin ETFs. The unexpected policy shift drove early trading volume into the billions and introduced fresh momentum from typically conservative investors.
Ethereum's Fusaka Upgrade Pushes ETH Beyond $3,200
Ethereum has completed its second major upgrade of 2025, activating the Fusaka update on mainnet on December 3. The rollout introduced PeerDAS, increasing data capacity for rollups by up to eight times, raising the gas limit to 60 million, and enhancing user experience through improved cryptographic tools.
Following the activation, ETH broke through the $3,200 resistance level as traders evaluated the network's new performance capabilities. With more than $73 billion locked in DeFi and up to 1.8 million daily transactions, Fusaka lays the groundwork for lower fees and greater scalability across L2 ecosystems such as Arbitrum, Base, and Optimism. The community continues to monitor the upgrade as the network stabilizes.
🔥 Buy PXP tokens on MEXC: http://bit.ly/3UhCgZn
🔥 Buy PXP tokens on Bitrue: https://bit.ly/3JEreHu
🔥 Buy PXP tokens on WhiteBIT: https://bit.ly/3qJrjRH
💰 Earn up to 7% yearly with PXP staking
🏦 PointPay - all crypto services in one place!