Crypto project

US Senator Cynthia Lummis delivered a significant address at the SALT Global FinTech Summit in Jackson Hole, Wyoming. She disclosed that legislative efforts to establish a regulatory framework for the cryptocurrency market are progressing steadily, with the final draft expected to be submitted to President Trump for review before Thanksgiving (November 27). This legislation will provide clearer regulatory guidance for the digital asset industry and is anticipated to lay a critical foundation for the healthy development of the Web3 ecosystem. Advancement of the bill may remove barriers for institutional investors entering the crypto market, potentially bringing new growth momentum to the industry.

Recently, Spain’s Ministry of Economic Affairs and Digital Transformation issued a significant announcement, confirming that the country will advance the adoption of the EU Markets in Crypto-Assets Regulation (MiCA) framework ahead of schedule. According to the official plan, Spain will fully implement this crypto asset regulatory system domestically by December 2025, approximately seven months earlier than the EU’s final deadline. By comparison, the other 26 EU member states are required to complete their local implementation of MiCA by July 2026. This move underscores Spain’s proactive stance on digital asset regulation and is expected to serve as a model for establishing a more regulated cryptocurrency market environment.

Ethereum’s Fusaka upgrade is scheduled for mainnet activation on December 3, aiming to enhance network scalability and efficiency. Meanwhile, MetaMask confirmed plans for a token launch, with its CEO hinting at an earlier release that could impact the DeFi sector.

The Vision (VSN) project plans to carry out its next quarterly token burn on December 18, 2025. Token burns are a method of reducing circulating supply in the market, aimed at increasing the token's scarcity and potential value. In the current Web3 industry, many projects conduct regular burns to stabilize or enhance their token's market performance. This initiative may have a positive impact on Vision's ecosystem.

uShark Token has announced a token swap event on its platform, open to Metamask wallet holders. The swap will commence on March 20, 2025, and continue through December 30, 2025. The rapid advancement of Web3 technology is driving innovation in decentralized finance, with token swaps serving as a key component by offering users greater flexibility and choice.

The Litecoin Foundation has announced that Litewallet will be officially discontinued on December 1, 2025, and recommends users migrate to Nexus Wallet. As an early cryptocurrency, Litecoin has consistently focused on delivering efficient payment solutions. With ongoing advancements in wallet technology, the Foundation encourages users to adopt more modern wallets to enhance security and user experience. Continuous innovation in wallet technology across the crypto industry provides users with more convenient and secure asset management options.

The Basel Committee on Banking Supervision, the global banking regulatory authority, has announced a significant initiative to formally implement a crypto asset risk disclosure framework for banks effective January 1, 2026. The framework will introduce a standardized set of public forms and templates designed to comprehensively monitor and assess banks' risk exposures in the Web3 and crypto asset sectors. This initiative will enhance transparency for traditional financial institutions operating in digital assets and provide market participants with more robust risk assessment tools, supporting the orderly integration of TradFi and DeFi while fostering the healthy development of financial markets. The implementation of this framework signals that traditional financial regulation is proactively adapting to the new demands of the digital economy era.

According to the latest reports, the Swiss government has announced plans to expand the scope of automatic tax information exchange to include crypto assets within its regulatory framework. The legislation is expected to take effect on January 1, 2026. Under the new regulations, major exchanges and other financial institutions will be required to systematically collect and report information related to clients' holdings of cryptocurrencies, tokens, and other digital assets. This initiative marks a significant step forward in Switzerland’s regulation of crypto assets and is expected to enhance transparency and compliance in the digital asset market. The move is also likely to serve as an important reference for other countries considering tax regulation of crypto assets.

Her Majesty's Revenue and Customs (HMRC) has announced updated crypto asset regulatory policies, mandating that all crypto asset service providers (CASPs) must strictly implement a client transaction reporting system starting in 2026. The policy applies to every crypto asset transaction conducted by all users, including activities on Layer 1, Layer 2, and DeFi blockchain platforms.\n\nUnder these regulations, CASPs are required to accurately record and promptly report user transaction data. If a provider fails to comply with the requirements or submits false information, regulators may impose a maximum fine of £300 (approximately $398.40) per affected user. This initiative aims to promote the orderly development of the crypto market and enhance industry transparency.

MANTRA Chain issued a reminder for users to migrate their OM tokens to the MANTRA Chain mainnet before January 15. The migration ensures continued participation in the ecosystem as $OM transitions to its native chain.

The MANTRA project has announced that its OM token will complete migration to the Mantra Chain mainnet on December 15, 2025. As part of the Web3 sector, token migration represents a significant milestone in project development, contributing to enhanced network performance and security. With ongoing advancements in blockchain technology, an increasing number of projects are opting for mainnet migration to achieve more efficient decentralized applications.