Binance to Shut Down Withdrawals for Terra (LUNA) on This Date: Reason

GoPlus Security, a Web3 security infrastructure provider, generated $4.7 million in revenue through its GPS token utility model as of October 2025, per CoinDesk. The protocol's revenue stems from multiple integrated services that leverage the GPS token for various network functions.

The GPS token powers the GoPlus ecosystem by enabling network gas fee payments, staking, and governance functions. Revenue generation occurs through the company's app, protocol, and subscription offerings focused on security infrastructure.

GoPlus App serves as the primary user-facing platform, providing real-time on-chain risk control and personalized security configurations across blockchains. The platform enables transaction protection that supports ongoing revenue generation through its integrated security services.

The company's SaaS subscription model provides businesses with subscription-based access to advanced security services. These subscriptions enhance the revenue model by offering a consistent, predictable stream of income.

SafeToken Protocol facilitates secure token creation and management within the decentralized security network. The protocol contributes to sustainability by integrating with on-chain activities that drive value capture across the GoPlus ecosystem.

Bitcoin, Ethereum and XRP all fell today, pulling the wider crypto market down with them. Bitcoin slid back toward $90,000 after recently coming close to $100,000. Ethereum moved toward $3,090, and XRP dropped to about $2.06. 

BNB slipped to around $888, while Solana dropped to about $135 after several days of weakness. TRON traded near $0.28, and Dogecoin fell to roughly $0.14, losing more ground through the week. Cardano edged down to $0.43, and Bitcoin Cash dipped to about $574. 

The sudden pullback surprised the market after watching strong price gains over the past few weeks.

Rate Cut Hopes Fade After New Warning

Investor Kevin O’Leary, who said he does not believe the U.S. Federal Reserve will cut interest rates next month. He explained that inflation is still high, new tariffs are raising costs, and the Fed is worried about both rising prices and the job market.

When interest rates stay high, investors usually avoid risky assets like crypto. O’Leary’s comments added fresh doubts.

A Large Institutional Move Worried Investors

Another shock came from a big transfer linked to MicroStrategy. A related company moved the equivalent of 1.47 million Bitcoin-related shares, worth about $273 million, into custody at Fidelity. This kind of move has happened before major selloffs in the past, including a large Bitcoin drop last November. Because of that history, experts feared this could be a sign that institutions may be getting ready to take profits again.

Global headlines also added pressure, including a new warning from China’s central bank about virtual currencies.

However, Strike CEO Jack Mallers says investors should not panic, arguing that every dip is still a buying opportunity. According to him, quantitative tightening is effectively over and the U.S. is likely to introduce rate cuts and new stimulus, which would prevent major asset crashes and flood the market with fresh liquidity

European tech regulators have fined social media platform X 120 million euros ($140 million) for breaking EU rules pertaining to online content.

The fine follows a two-year investigation under the Digital Services Act (DSA), which reportedly found that X was not doing enough to tackle illegal and harmful material.

Regulators also said that the blue check marks on Elon Musk’s platform were deceiving. They did not follow industry decisions and negatively impacted users’ ability to make informed decisions about the authenticity of an account.

The fine is part of a wider crackdown on Big Tech companies, particularly social media. TikTok reported it had avoided a fine by making concessions.

The actions against X are bound to create tension with the US. Vice President JD Vance said that EU regulators shouldn’t be “attacking” American companies.

The DSA will also apply to crypto platforms, DeFi frontends and NFT marketplaces if they grow to a sufficiently large size. It can influence how these platforms handle ads, user-directed content and market financial instruments.

EU banks launch euro-stablecoin firm as EU considers ESMA crypto oversight

A group of 10 European banks, including institutional heavyweights such as BNP Paribas, is planning to launch a stablecoin backed by the euro by the second half of 2026.

BNP Paribas partnered with Danish Danske Bank, the Netherlands’ ING, Austria’s Raiffeisen Bank International and others to create and incorporate the project as Qivalis. The company will be based in Amsterdam.

Qivalis CEO Jan-Oliver Sell said that stablecoins provide both convenience and monetary autonomy “in the digital age.” He said it will give “new opportunities for European companies and consumers to interact with on-chain payments and digital asset markets in their own currency.”

The new project was announced days before the European Commission proposed expanding the powers of the EU’s key financial regulator, the European Securities and Markets Authority (ESMA).

The proposal, released Thursday, would transfer supervision “over significant market infrastructures such as certain trading venues, Central Counterparties (CCPs), CSDs, and all Crypto-Asset Service Providers (CASPs)” to the ESMA.

The move is part of a broader effort to streamline European market regulation. Three countries — France, Italy and Austria — have requested that the ESMA take over crypto regulations. This followed concerns that there was uneven enforcement of Markets in Crypto-Assets (MiCA) standards across member states.

Spot crypto assets to begin trading on futures market, CFTC says

In the United States, the Commodity Futures Trading Commission (CFTC) has approved spot cryptocurrency products to trade on futures markets.

Acting Chair Caroline Pham said that the move brings these products onshore to “safe U.S. markets.” She said the approval followed recommendations from the White House’s Working Group on Digital Asset Markets and engagement with the Securities and Exchange Commission (SEC).

Earlier this year, the SEC and CFTC established the “Crypto Sprint” initiative to share recommendations and consult on best practices.

Singapore, Singapore, December 5th, 2025, Chainwire

Hotstuff Labs today announced the public testnet for Hotstuff L1, a DeFi Layer 1 blockchain powered by DracoBFT, a custom-built consensus protocol. Hotstuff L1 is a purpose-built chain that pairs a highly performant on-chain order book with a programmable finance routing layer where validators act as last-mile gateways to trading, payments, and fiat rails.

Unlike general-purpose chains, Hotstuff L1 is designed as an Uber-style routing layer where validators deliver real-world financial access on demand.

Hotstuff Labs is backed by top-tier investors, including Delphi Digital, Dialectic, Stake Capital, Tykhe Ventures, and the founders of leading DeFi protocols such as 1inch, Safe, Biconomy, Socket, and more.

Validators as Financial Access Points

Beyond trading, Hotstuff L1 is architected so validators can opt in as permissioned financial service providers. On Hotstuff, validators aren’t just for consensus, they act as global financial access points for both the core trading engine and end users.

• For the core trading engine, stablecoin rails enable access to offchain liquidity.
• For end users, validators unlock last-mile connectivity for fiatcrypto on/off-ramps, payments, and FX use cases.

Deep integrations with leading payment platforms, on/off-ramps, banking partners, and card programs baked into the chain enable validators to earn by:

• Powering fiat stablecoin on/off-ramps
• Enabling regional payment and remittance rails
• Issuing or supporting cards and local accounts
• Serving as last-mile connectivity into different currencies and regions

The chain matches users to specific validators based on stake, performance history, and quality-of-service much like a routing layer combined with lightweight zero-knowledge proofs for trustless verification of both on-chain and off-chain actions.

“Most chains validate blocks. Hotstuff validates and delivers trustless access to money. It’s the Uber for financial validators, routing every flow to the right provider,” said Vyom Sharma, Co-Founder & CEO of Hotstuff Labs. “We’re building a Layer 1 that can connect a trader in Asia, a remittance corridor in LATAM, and a card issuer in Europe on the same settlement fabric”.

Hotstuff Public Testnet: Now Open

The Hotstuff L1 public testnet is live and open to:

• Traders & Quants – can test early perp and spot trading, multi-venue vaults, and market infrastructure built directly on the core L1.
• Builders, Fintechs & Stablecoin Infrastructure Providers – can partner with Hotstuff Labs to enable new trading primitives, payments, FX, and settlement use cases.
• Validators & Node Operators – can run DracoBFT nodes, benchmark performance, and experiment with financial service modules.

Get Started

• Website: https://hotstuff.trade
• X (Twitter): https://x.com/tradehotstuff
• DracoBFT Whitepaper: https://hotstuff.trade/DracoBFT.pdf
• Community & Integrations: https://discord.gg/tradehotstuff

About Hotstuff Labs

Hotstuff Labs is building Hotstuff L1, a purpose-built DeFi Layer 1 for programmable finance, powered by the DracoBFT consensus engine and a modular execution fabric. With deep experience across finance, consensus, trading, cryptoeconomics, and protocol design, the team is creating a global routing layer that enables performant on-chain trading and connects payments, remittances, and fiat rails on a single, coherent chain.

For press & partnerships: https://x.com/hotstuff_labs

Contact

Hotstuff Labs

press@hotstufflabs.com