Wall Street's main indexes opened lower on Monday as investors stood on the sidelines ahead of fresh economic data and a closely watched speech from Federal Reserve Chair Jerome Powell to gauge the central bank's policy decision later this month. The Dow Jones Industrial Average fell 135.6 points, or 0.28%, at the open to 47,580.85. The S&P 500 fell 36.8 points, or 0.54%, at the open to 6,812.3, while the Nasdaq Composite dropped 193.3 points, or 0.83%, to 23,172.342 at the opening bell. Source link

US-listed Bitcoin ETFs capped their second-heaviest month of redemptions with a rare late-month shift back into positive flows. According to SoSo Value data, the 12 US-listed spot Bitcoin funds recorded net creation of roughly $70 million in the final days of November, after four weeks of relentless selling pressure that totalled more than $4.3 billion in net outflows. Chart showing the net inflows and outflows for spot Bitcoin ETFs in the US from Oct. 31 to Nov. 28, 2025  (Source: SoSo Value) Despite the modest nominal reversal, the timing of this brief respite from outflows suggests a critical exhaustion of seller momentum.

Bitcoin price crash today: December, a month usually filled with holiday cheer and time off with loved ones, is starting off on a rough note for cryptocurrency investors. On the first trading day of the month, nearly all major cryptocurrencies experienced significant declines, continuing a trend of volatility seen over the past month, as per a report. Bitcoin Price USD Today Crashes in December’s First Trading Day Bitcoin (BTC) dropped about 5%, trading around $86,600, down from roughly $111,000 at the start of November, a 21% decline in just 30 days, as per a Fast Company report.

Facing questions from critics about its ability to fund dividends on its various classes of preferred stock, Strategy (MSTR) and its Executive Chairman Michael Saylor early Monday announced the formation of $1.44 billion U.S. dollar reserve. The reserve was funded via the sales last week of common stock and the company initially intends to keep enough money in the reserve to fund at least twelve months of dividends, according to a press release. Strategy further intends to add to the reserve with the ultimate goal of covering 24 months or more of dividends.

The crypto market reeled on Monday after a sell-off that occurred minutes after CME's bitcoin BTC$85,818.62 futures markets opened. The CoinDesk 20 (CD20) Index is down by 5.98% in the past 24 hours as a result. The jitters can be attributed to crypto's low liquidity trading environment that still hasn't recovered from October's $19 billion liquidation cascade. Macro news in Japan also played a part as Bank of Japan Governor Kazuo Ueda made comments hinting at an interest-rate increase this month, a suggestion that lifted Japan's 30-, 10- and 2-year government bond yields to levels not seen since 2008.

Domestic gold prices jumped Rs 1,300 per 10 grams or 1% on Monday, taking cues from the international prices amid risk-off sentiments in equities and Bitcoin. The sharp rise in MCX gold prices vis-a-vis its overseas peers was due to rupee weakness against the US dollar. The February gold futures were trading at Rs 1,30,800 per 10 gram around 2 pm compared to gold's 0.5% or $20 per troy ounce gains on the COMEX at $4,274.70. Gold strengthened as the dollar index (DXY) slipped, declining 0.83% over the past five sessions and currently hovering around 99.36 against a basket of six major currencies.

The BJP-led Mahayuti government in Maharashtra will complete a year in power on December 5, a period marked by a push for infrastructure expansion and an emphasis on investor confidence, as well as delicate balancing within the three-party coalition. The Mahayuti, comprising the BJP, NCP and Shiv Sena, had won 235 seats in the 288-member House in the November 2024 assembly polls, which its leaders had called a "clear and strong mandate for development politics." Devendra Fadnavis was sworn in as chief minister on December 5, though the delay in government formation raised eyebrows.

Prediction markets Polymarket and Kalshi view Kevin Hassett, US President Donald Trump’s National Economic Council director, as the favorite to replace Jerome Powell as the next Federal Reserve chair. The odds of Hassett filling the seat have spiked to 66% on Polymarket and 74% on Kalshi at the time of writing. Hassett is widely viewed as crypto‑friendly thanks to his past role on Coinbase’s advisory council, a disclosed seven‑figure stake in the exchange and his leadership of the White House digital asset working group.​ Founder and CEO of Wyoming-based Custodia Bank, and a prominent advocate for crypto-friendly regulations, Caitlin Long, …

Cryptocurrency investment products snapped a four-week losing streak, drawing about $1 billion in fresh money after four consecutive weeks of losses totaling $5.5 billion. Crypto exchange-traded products (ETPs) recorded $1.07 billion of inflows last week, their first week of gains since late October, according to the European crypto asset manager CoinShares. James Butterfill, CoinShares’ head of research, attributed the rebound to optimism over a potential US interest rate cut, following remarks from Federal Open Market Committee (FOMC) member John Williams. “The turnaround in sentiment follows FOMC member John Williams comments stating monetary policy remains restrictive, raising hopes for an interest rate cut this month,” Butterfill noted.

The Indian Rupee extended its decline in November 2025, falling by 0.8% during the month to close at a record low of 89.46 against the U.S. dollar. The depreciation continued into early December, with the rupee slipping further to 89.73/$—surpassing its previous record low of 89.49/$ registered just two weeks earlier. The move came despite robust domestic economic data, most notably a higher-than-expected GDP growth of 8.2% in the September quarter, well above the 7.3% consensus estimate in a Reuters poll. This contrast between strong economic performance and weak currency trajectory has drawn attention from market analysts.

Japan is preparing to overhaul how it taxes cryptocurrency gains, moving toward a flat 20% levy that would bring digital assets in line with equities and investment trusts, per Nikkei. The shift marks the country’s most significant policy update for the sector in years and reflects a growing view among regulators that crypto has matured into a mainstream investment class. The proposal, backed by the government and ruling coalition, would place crypto profits under Japan’s separate-taxation framework, where certain income streams are treated independently from wages and business earnings. That structure splits the 20% take between the national government and regional authorities at 15% and 5% respectively.

Crypto market crash starting in Asia hours on Monday wiped out $200 billion in market cap. Massive liquidations across Bitcoin (BTC), Ethereum (ETH), XRP, BNB, Solana, and other altcoins erased all recent gains driven by hopes of a December Fed rate cut. Bitcoin (BTC) faces resistance at $92.000 and plunges more than 6% to below $85,653 today. On the other hand, Ethereum (ETH) fell 8% to a 24-hour low of $2,807. This happened despite a much-needed rebound in the Crypto Market Fear & Greed Index from 11 last week to 24 today. 

Australian actress Alea O'Shea, best known for her role as Darcy Callahan on Home and Away, revealed a devastating brain cancer diagnosis at age 25 via a candid TikTok video on November 28, 2025. The former child star, who debuted on screen at 12, described the past six weeks as "crazy," sharing how initial symptoms like an uneven smile, speech difficulties, migraines, and numbness led to a biopsy confirming the tumor on her birthday. Symptoms and rapid diagnosis journey O'Shea first noticed her smile becoming crooked and words harder to form, progressing to loss of feeling in two fingers, her wrist, and a toe.

Sony Bank is set to join the likes of Ripple and Circle in launching a U.S.-dollar-pegged stablecoin. This coin is intended to power payments across the Sony global entertainment ecosystem. Sony Bank Readies Launch of US Dollar Stablecoin by 2026 According to Nikkei, the bank plans to issue a U.S.-based stablecoin as early as fiscal 2026. The digital currency will be integrated into Sony Group’s gaming, streaming, and anime platforms. This would enable consumers to pay for subscriptions and content without relying on credit cards. In October, Sony Bank applied for a U.S.

Meetings involving the U.S., Ukraine, and Russia have sparked hopes of progress, but even if a deal emerges, it will take time for Russian exports to re-enter markets freely. European buyers, in particular, may be hesitant to return. Until clarity emerges, the market remains divided between hope and hard restrictions. Source link

Japanese government bond yields have jumped to their highest level in decades, prompting some analysts to speculate that it could be behind the recent crypto market sell-off on Sunday.  Japan’s 10-year government bond yield hit 1.86% on Monday, its highest level since April 2008, according to MarketWatch.  Yields in the 10-year bonds have almost doubled in Japan over the past 12 months. Japan’s two-year bond yields also hit 1% for the first time since 2008.  While 1.86% is not a substantial yield from government bonds, it is significant because it marks a shift, as Japan has had a very low interest rate environment for decades, with negative or close to zero rates prevailing for the most part, and a very stable bond market. 

India's manufacturing sector lost some momentum in November with growth decelerating to a nine-month low as stiff U.S. tariffs took a heavy toll on demand, a survey showed on Monday. The downbeat outcome puts a dampener on Asia's third-largest economy which grew at a faster-than-expected pace of 8.2% last quarter, according to government data released on Friday. Manufacturing posted robust growth in the July-September quarter, though its likely to have slowed down this quarter as the Trump administration's hefty tariffs bite. HSBC's India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, dropped to 56.6 last month from October's strong reading of 59.2 and below the preliminary reading of 57.4.

Crypto markets were hit with a fresh wave of forced liquidations early Monday as nearly $646 million in leveraged positions were wiped out across major exchanges, adding to the month’s bruising close and extending losses in bitcoin, ether and large-cap altcoins. Coinglass data shows longs made up almost 90% of the total, with the largest single liquidation a $14.48 million ETH-USDC order on Binance. Binance, Hyperliquid and Bybit each recorded more than $160 million in liquidations, reflecting heavy positioning that snapped during the Asian session. Liquidation refers to when an exchange forcefully closes a trader’s leveraged position due to a partial or total loss of the trader’s initial margin.

As of November 28, there was a notable surge in futures open interest for seven stocks in the NSE F&O pack, contributing to a total increase in open interest of over 5% as compared to the previous trade. A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market." Source link

North Korean state-backed hackers, the Lazarus Group, primarily employed spear phishing attacks to steal funds over the last year, with the group receiving the most mentions in post-hack analyses over the last 12 months, according to South Korean cybersecurity company AhnLab. Spear phishing is one of the most popular methods of attack by bad actors like Lazarus, using fake emails, “disguised as lecture invitations or interview requests,” AhnLab analysts said in the Nov. 26, 2025, Cyber ​​Threat Trends & 2026 Security Outlook report. Spear phishing attacks are a more sophisticated version of phishing that typically requires research and planning from the attacker.

Bitcoin price started a fresh decline from $92,000. BTC is down over 5% and the bulls are struggling to keep the price above $86,500. Bitcoin started a fresh decline below the $90,000 zone. The price is trading below $88,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $89,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $86,500 zone. Bitcoin Price Dips Again…

Bitcoin BTC$87,230.35, ether ETH$2,859.76 and other major tokens slipped early Monday, extending a bruising November close amid fresh panic from DeFi platform Yearn Finance. BTC, the leading cryptocurrency by market value, fell over 3% to nearly $87,000 during the early Asian trading hours. Ethereum's native token ETH fell 5% while SOL, DOGE, XRP fell over 4%, according to CoinDesk data. The sell-off accelerated hours after Yearn's X alert flagged an "incident" in the yETH liquidity pool while mentioning that its V2 and V3 Vaults remain secure and unaffected. Social media chatter…

“Coromandel International stock is showing renewed strength on the daily chart as the stock breaks out above the key resistance level of 2350, signalling a potential trend reversal after weeks of consolidation. Traders can buy for a target of Rs 2580-2600 in the next 1-2 months,” Shitij Gandhi, AVP – Equity Technical Research, SMC Global Securities, said. Show more Show less Source link

Cyclone Ditwah got weakened into a deep depression bringing extremely heavy rainfall in Tamil Nadu, Andhra Pradesh and Puducherry. As of December 1, the deep depression is very likely to move nearly northwards parallel to North Tamil Nadu-Puducherry coasts and weaken gradually further into a depression by noon of today, the IMD said. The system will be centered over southwest Bay of Bengal within a minimum distance of 30 km by morning of today, the 01st December, it added. Three people have lost their lives so far in rain-related incidents caused by Cyclone Ditwah in Tamil Nadu, reported news agency PTI.

Today in crypto: Tether CEO hits back at S&P fear, uncertainty, and doubt, Strategy CEO Phong Le says Bitcoin would only be sold if the company’s stock falls and funding options disappear. Meanwhile, Nasdaq is aiming to move as possible on its tokenized stocks proposal. Tether CEO hits back at S&P fear, uncertainty, and doubt Paolo Ardoino, the CEO of stablecoin company Tether — the issuer of the USDt (USDT) dollar-pegged token — issued a response to the fear, uncertainty, and doubt from crypto influencers and the S&P Global ratings agency about Tether and its dollar-pegged token.