The SEC has granted the Depository Trust & Clearing Corp., or DTCC, a no-action letter allowing it to custody and recognize tokenized stocks, ETFs, and Treasuries on approved blockchains for three years. "Although this program is a pilot subject to various operational limitations, it marks a significant incremental step in moving markets onchain," SEC Commissioner Hester Peirce said in a statement. Bloomberg reports: With the permission, DTCC will also extend their record-keeping to the blockchain, Michael Winnike, global head of strategy and market solutions at DTCC Clearing & Securities Services, said in an interview. "It's the same legal entitlement, the same stock that you would hold in your account from the DTCC in traditional form," Winnike said. [...] The SEC's authorization of tokenization services only applies to a specific set of securities that trade often. The approval includes the Russell 1000 index which represents the 1,000 largest publicly traded US companies, as well as exchange-traded funds that track major indices and US Treasury bills, bonds and notes, Winnike said. "This allows us both to create value for the markets, while staying in a pre-defined pool of highly-liquid securities to start," said Winnike. The firm's ultimate aspiration is to add its entire depository, which represents $100 trillion in securities, to the blockchain, a move that would require further expansion of the no-action relief from the SEC, he said. Winnike said the tokenization service will help bridge the traditional and digital worlds in part because the new technology will have the same legal entitlements and controls as traditional markets, including freezing or forced transfers if assets are stolen. "This enables participants to adopt and integrate, because they know there is a trusted party that can recover their securities as needed" and can address potential errors, he said. The new blockchain service will also allow investors to move assets all the time, not just Monday through Friday when traditional markets are open. "That creates a lot of new utility," Winnike said. "It brings the two ecosystems together."

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The UK government plans to ban political donations made in cryptocurrency over fears of anonymity, foreign influence, and traceability issues, though the ban won't be ready in time for the upcoming elections bill. The Guardian reports: The government's ambition to ban crypto donations will be a blow to Nigel Farage's Reform UK party, which became the first to accept contributions in digital currency this year. It is believed to have received its first registrable donations in cryptocurrency this autumn and the party has set up its own crypto portal to receive contributions, saying it is subject to "enhanced" checks. Government sources have said ministers believe cryptocurrency donations to be a problem, as they are difficult to trace and could be exploited by foreign powers or criminals. Pat McFadden, then a Cabinet Office minister, first raised the idea in July, saying: "I definitely think it is something that the Electoral Commission should be considering. I think that it's very important that we know who is providing the donation, are they properly registered, what are the bona fides of that donation." The Electoral Commission provides guidance on crypto donations but ministers accept any ban would probably have to come from the government through legislation. "Crypto donations present real risks to our democracy," said Susan Hawley, the executive director of Spotlight on Corruption. "We know that bad actors like Russia use crypto to undermine and interfere in democracies globally, while the difficulties involved in tracing the true source of transactions means that British voters may not know everyone who's funding the parties they vote for."

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Longtime Slashdot reader krouic shares a report from Europol: From November 24-28, 2025, Europol supported an action week conducted by law enforcement authorities from Switzerland and Germany in Zurich, Switzerland. The operation focused on taking down the illegal cryptocurrency mixing service Cryptomixer, which is suspected of facilitating cybercrime and money laundering. Three servers were seized in Switzerland, along with the cryptomixer.io domain. The operation resulted in the confiscation of over 12 terabytes of data and more than EUR 25 million worth of Bitcoin. After the illegal service was taken over and shut down, law enforcement placed a seizure banner on the website. Authorities allege that the mixing service laundered over 1.3 billion euros in bitcoin since 2016.

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Texas has purchased $5 million worth of BlackRock's bitcoin ETF as an initial step toward creating the first state-level bitcoin reserve in the U.S. "[O]ther states having previously invested in such funds with public-employee retirement money," notes CoinDesk. "Michigan has been building such an investment, and Wisconsin sold its $350 million pension-fund stake in the BlackRock ETF in May. From the report: A few weeks ago, Texas moved past its deadline to "capture the industry's best practices so it can utilize these practices in the implementation and management" of its bitcoin BTC reserve, according to its formal request for information issued in September. Entities across the industry provided input on how it could set up and manage the stockpile conceived of in the Texas Strategic Bitcoin Reserve and Investment Act. Last week, the state comptroller's office moved to secure $5 million in BlackRock's iShares Bitcoin Trust (IBIT) as a placeholder, a spokesman for the Texas Comptroller of Public Accounts told CoinDesk on Tuesday. It's an opening move as the state continues to work toward a contract with a custodian, he said, which will take place after it develops its formal request for proposal.

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A week ago Bitcoin was at $93,714. Saturday it dropped to $85,300. Late Thursday, market researcher Ed Yardeni blamed some of Thursday's stock market sell-off on "the ongoing plunge in bitcoin's price," reports Fortune: "There has been a strong correlation between it and the price of TQQQ, an ETF that seeks to achieve daily investment results that correspond to three times (3x) the daily performance of the Nasdaq-100 Index," [Yardeni wrote in a note]. Yardeni blamed bitcoin's slide on the GENIUS Act, which was enacted on July 18, saying that the regulatory framework it established for stablecoins eliminated bitcoin's transactional role in the monetary system. "It's possible that the rout in bitcoin is forcing some investors to sell stocks that they own," he added... Traders who used leverage to make crypto bets would need to liquidate positions in the event of margin calls. Steve Sosnick, chief strategist at Interactive Brokers, also said bitcoin could swing the entire stock market, pointing out that it's become a proxy for speculation. "As a long-time systematic trader, it tells me that algorithms are acting upon the relationship between stocks and bitcoin," he wrote in a note on Thursday.

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schwit1 shares a report from the New York Times: Pete Kayll, a musclebound veteran of Britain's Royal Marines, had an unusual instruction for the Bitcoin investors gathered in Switzerland in late October. "Just bite your way out," he told them. It was the final day of a weekend-long cryptocurrency convention on the shore of Lake Lugano, near the Italian border. A small group of investors had lined up in a conference room to have their hands bound with plastic zipties. Now they were learning how to get them off. "Your teeth will get through anything," Mr. Kayll advised. "But it will bloody well hurt." Most people don't go to an international crypto conference expecting to learn how to gnaw through plastic. But after hours of panels devoted to topics like Bitcoin-collateralized loans, these investors were looking for something more practical. They wanted to know what to do if they were grabbed on the street and thrown into the back of a van. Already paranoid about scams, hacks and market turmoil, wealthy crypto investors have lately become terrified about a much graver threat: torture and kidnapping. These threats are known as "wrench attacks," which is a reference to a popular XKCD cartoon where a thief skips the hacking and just uses a wrench to force out the password. According to the NYT, the best way to stay protected is staying low-profile, minimizing visible signs of wealth, using basic physical security tools, and preparing for self-defense. The report specifically recommends avoiding flashy displays of wealth like luxury watches and cars, watching for honey-traps, using hotel door stoppers, practicing escape techniques such as breaking zip-ties, hiring discreet bodyguards, and relying on panic-button apps like Glok to summon help quickly.

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An anonymous reader shares a report: Harvard is ramping up its holdings in cryptocurrency. The nation's oldest university reported a $443 million investment in BlackRock's iShares Bitcoin Trust in the third quarter. The school now holds 6.8 million shares of the exchange-traded fund, up from 1.9 million in the second quarter. The digital currency amounts to a little less than 1% of the school's $57 billion endowment. Other schools are bullish on crypto as well. Brown University reported holding $13 million of the BlackRock bitcoin ETF in the second quarter and Emory University reported holding $20 million of Grayscale's Bitcoin Mini Trust ETF as of March.

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655"Just a little more than a month after reaching an all-time high, Bitcoin has erased the more than 30% gain registered since the start of the year..." reports Bloomberg: The dominant cryptocurrency fell below US$93,714 on Sunday, pushing the price beneath the closing level reached at the end of last year, when financial markets were rallying following President Donald Trump's election victory. Bitcoin soared to a record US$126,251 on Oct 6, only to begin tumbling four days later after unexpected comments on tariffs by Trump sent markets into a tailspin worldwide. "The general market is risk-off," said Matthew Hougan, the San Francisco-based chief investment officer for Bitwise Asset Management. "Crypto was the canary in the coal mine for that, it was the first to flinch." Over the past month, many of the biggest buyers — from exchange-traded fund allocators to corporate treasuries — have quietly stepped back, depriving the market of the flow-driven support that helped propel the token to records earlier this year. For much of the year, institutions were the backbone of Bitcoin's legitimacy and its price. ETFs as a cohort took in more than US$25 billion, according to Bloomberg data, pushing assets as high as roughly US$169 billion. Their steady allocation flows helped reframe the asset as a portfolio diversifier — a hedge against inflation, monetary debasement and political disarray. But that narrative — always tenuous — is fraying afresh, leaving the market exposed to something quieter but no less destabilising: disengagement. "The selloff is a confluence of profit-taking by LTHs, institutional outflows, macro uncertainty, and leveraged longs getting wiped out," said Jake Kennis, senior research analyst at Nansen. "What is clear is that the market has temporarily chosen a downward direction after a long period of consolidation/ranging..." Boom and bust cycles have been a constant since Bitcoin burst into the mainstream consciousness with a more than 13,000% surge in 2017, only to be followed by a plunge of almost 75% the following year... Bitcoin has whipsawed investors through the year, dropping to as low as US$74,400 in April as Trump unveiled his tariffs, before rebounding to record highs ahead of the latest retreat... The market downturn has been even tougher on smaller, less liquid tokens that traders often gravitate toward because of their higher volatility and typical outperformance during rallies. A MarketVector index tracking the bottom half of the largest 100 digital assets is down around 60% this year.

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British Columbia is permanently banning new cryptocurrency mining operations from connecting to its power grid to conserve electricity for industries that generate more jobs and tax revenue. The province is also capping power allocations for AI and data centers, while launching a competitive allocation process in January 2026. CoinDesk reports: The move from the government of Canada's third-most populous province is part of a broader legislative and regulatory overhaul unveiled Monday [...]. "Government will also implement several regulatory and policy changes in fall 2025 that will ... permanently ban new BC Hydro connections to the electricity grid for cryptocurrency mining to preserve the province's electricity supply and avoid the overburdening of the electricity grid," the government said in a post on its website The province said the restrictions will help prevent grid strain and ensure industrial development is powered by clean electricity. "We're seeing unprecedented demand from traditional and emerging industries," Charlotte Mitha, the president and CEO of power utility BC Hydro, said in the web post. "The province's strategy empowers BC Hydro to manage this growth responsibly, keeping our grid reliable and our energy future clean and affordable." Crypto mining operations often consume large amounts of electricity without creating many local jobs or tax revenue, according to the statement. By contrast, projects like mines or liquefied natural gas (LNG) facilities are seen as more beneficial to the economy.

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The U.S. Department of Justice seized about $15 billion in bitcoin from wallets tied to Chen Zhi, founder of Cambodia's Prince Holding Group, who is accused of running one of the world's biggest "pig butchering" scams. Prosecutors say Zhi's network trafficked people into forced-labor scam compounds that defrauded victims worldwide through fake crypto investment schemes. CNBC reports: The seizure is the largest forfeiture action by the DOJ in history. An indictment charging the alleged pig butcher, Chen Zhi, was unsealed Tuesday in federal court in Brooklyn, New York. Zhi, who is also known as "Vincent," remains at large, according to the U.S. Attorney's Office for the Eastern District of New York. He was identified in court filings as the founder and chairman of Prince Holding Group, a multinational business conglomerate based in Cambodia, which prosecutors said grew "in secret .... into one of Asia's largest transnational criminal organizations. [...] The scams duped people contacted via social media and messaging applications online into transferring cryptocurrency into accounts controlled by the scheme with false promises that the crypto would be invested and produce profits, according to the office. "In reality, the funds were stolen from the victims and laundered for the benefit of the perpetrators," the release said. "The scam perpetrators often built relationships with their victims over time, earning their trust before stealing their funds." Prosecutors said that hundreds of people were trafficked and forced to work in the scam compounds, "often under the threat of violence." Zhi and a network of top executives in the Prince Group are accused of using political influence in multiple countries to protect their criminal enterprise and paid bribes to public officials to avoid actions by law enforcement authorities targeting the scheme, according to prosecutors.

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