TU Crypto News (EN)

‼️ Video Overview of the Top News for November 28 ✅ Trump wants to eliminate income tax using tariffs ✅ Spain wants to raise crypto tax to 47% ✅ DEX trading volumes are surging ✅ Terra co-founder pleads guilty and seeks minimal sentence ▶️ Watch on YouTube

🔥 Bitget allocates $1.54M to Hong Kong fire victims Crypto exchange Bitget has donated $1.54 million to families affected by the deadly Hong Kong fire — the most serious incident of its kind in decades. According to the company, $640,000 will go to Yan Chai Hospital for emergency treatment and rehabilitation of the injured. Salvation Army Hong Kong will receive around $450,000 to provide temporary housing, financial assistance, and essential supplies for families who lost their homes. “Bitget stands in solidarity with Hong Kong during this difficult time,” the company stated.

🥺 Should you be afraid of Bitcoin’s price dip? The market is trying to recover after Bitcoin’s sharp decline. Yet many traders and experts believe this is not the beginning of the end for cryptocurrencies, but rather an opportunity to buy coins at an attractive price. 🔍 Read more in our full article: Bitcoin at discount: Is it time to buy leading digital asset?

⚖️ Terra co-founder pleads guilty and seeks the minimum sentence Following his extradition to the United States, Kwon Do pleaded guilty to fraud linked to the collapse of TerraUSD/LUNA, which wiped out roughly $40 billion. His lawyers are requesting a 5-year sentence, citing nearly three years already spent in custody and harsh detention conditions. Prosecutors may push for up to 12 years, while a separate case in South Korea carries a potential 40-year sentence. The U.S. verdict is expected in December — and it may set future standards for penalties in crypto cases of this scale.

🔼 DEX trading volumes are surging — the market is moving on-chain According to CoinGecko, in Q2 2025 spot volumes on decentralized exchanges grew by at least 25%, while centralized exchanges saw a decline of nearly 28%. The main driver behind the growth is increased memecoin activity. 🔗 The shift toward decentralization continues: DEX platforms are becoming the primary venue for new assets and higher-risk strategies.

💰 BitMine buys $44M in Ethereum and expands its position U.S.-based BitMine Immersion — a publicly traded company focused on mining and data-center infrastructure — announced the purchase of 10,000 ETH (~$44M). The company has been steadily increasing its ETH holdings and is already among the largest corporate holders. The purchase reinforces the trend of Ethereum’s institutionalization.

🇪🇸 Spain seeks to raise crypto taxes to 47% The Sumar party proposes taxing crypto gains as regular income — with rates up to 47% — and allowing cryptocurrency to be confiscated as property. They also plan to introduce a visual risk-rating scale for all assets. 😮 Critics say the initiative is a blow to Bitcoin and warn it could drive investors out of the country.

💥 Trust Wallet adds Apple Pay 🚀 The popular digital asset wallet Trust Wallet has announced the integration of Apple Pay on its platform. ➡️ The service is available to users in more than 45 countries. The company stated that the process takes only a few clicks, just like using Apple Pay for everyday purchases. At the same time, Trust Wallet uses Apple Pay’s security features — such as Touch ID, encrypted payments, and Face ID — ensuring secure cryptocurrency purchases without compromising user safety.

⁉️ Why is Humanity Protocol down today (November 27)? 📉 Against the backdrop of a 3.5% rise in the broader cryptocurrency market, the price of Humanity Protocol (H) tokens fell by 17% over 24 hours to $0.124. ✅ The decline was caused by the unlocking of 91.67 million tokens worth about $11 million the day before, which increased the circulating supply by 5%. The sell-off was also triggered by H’s 336% growth over the previous 90 days and the desire of token holders to take profits.

✖️ XRP reserves on Binance have dropped to historic lows After the launch of spot XRP ETFs, the exchange’s token reserves began to decline rapidly: Binance now holds around 2.7 billion XRP — one of the lowest levels ever recorded. Since October 6, users have withdrawn roughly 300 million XRP, increasing pressure on the exchange’s liquidity reserves.

⚖️ Do Kwon seeks to reduce sentence to 5 years Lawyers for Terraform Labs founder Do Kwon stated that he considers a 5-year prison term fair, instead of the 12 years proposed by prosecutors, given the difficult conditions he endured in Montenegro. Kwon pleaded guilty to $40B fraud and agreed to surrender $19M and assets to the government. His final U.S. sentencing is scheduled for December 11, while in South Korea he faces up to 40 years.

🚀 Cathie Wood reaffirms $1.5M BTC forecast ARK Invest CEO Cathie Wood said her long-term Bitcoin target of $1.5M remains unchanged. She noted that once the shutdown ends, around $300B in liquidity may return to the economy, easing the current “liquidity crunch” and supporting both cryptocurrencies and the artificial intelligence sector.

💰 Visa expands stablecoin settlements through partnership with Aquanow The payment network has integrated Aquanow’s infrastructure to accelerate the use of stablecoins in the CEMEA region — the Middle East, Africa, Central and Eastern Europe. Banks and fintech companies will now be able to settle in USDC faster, cheaper, and without intermediaries.

⚠️ Upbit has confirmed a hack and the loss of $36 million The South Korean exchange reported that on November 27, 2025, unauthorized withdrawals of about $36 million were made from its hot wallet on the Solana network. Upbit has suspended part of its services and moved assets to cold storage.

📊 S&P has lost confidence in USDT S&P Global Ratings has downgraded Tether’s USDT to the lowest level on its stablecoin stability scale. 💵 The agency questions the token’s ability to maintain its dollar peg. The rating was driven by the fact that Tether’s reserves are partly backed by “higher-risk” assets such as Bitcoin.

🪙 Tom Lee no longer expects Bitcoin to reach $250,000 BitMine head Tom Lee is no longer insisting that Bitcoin will rise to $250,000 by the end of the year. 📈 He now admits that BTC may “possibly” recover to $125,100 during that time. Until now, Lee’s forecast had been one of the most bullish on the market.

👛 Elon Musk moved SpaceX’s bitcoin to unknown addresses SpaceX transferred $105.4 million worth of bitcoin to new wallets for reasons that remain unclear. 🪙 According to Arkham Intelligence, the company sent 1,163 BTC to two unmarked addresses. SpaceX currently holds 6,095 BTC with a total value of around $553 million.

👨‍💻 Hackers stole $37 million from Upbit South Korea’s largest cryptocurrency exchange suffered a cyberattack. 💰 A total of $36.8 million was stolen in the breach, mostly in Solana-based tokens. The company has suspended withdrawals and promised to compensate the losses.

‼️ CryptoQuant reports a surge in large BTC deposits on exchanges 🟠 According to CryptoQuant, during the recent drop in cryptocurrency prices to local lows, large deposits dominated exchange inflows, increasing pressure on the market. 🔼 At the beginning of November, the average BTC deposit size was 0.6 BTC, but it later grew to 1.23 BTC. On November 21, the total amount of Bitcoin sent to exchanges reached 9,000 BTC, with 45% of that volume coming from large deposits of 100 BTC or more — a level CryptoQuant describes as unusually high.

🚀 Binance Prestige expands its offering for VIP clients 🟠 In addition to the Binance Wealth platform launched a year ago, the world’s largest crypto exchange is introducing Binance Prestige. ✅ The service targets high-net-worth investors and family enterprises with around $10 million in assets who have experience in traditional finance and want to add cryptocurrency to their portfolios. Binance describes support for wealthy clients entering the crypto market — especially in regions such as Asia and the Middle East — as “one of the fastest-growing segments in the digital asset industry.” ➡️ Singapore, Hong Kong, the United States, Switzerland, and the UAE are listed as the top five geographic destinations.