Hats.finance has announced the gradual termination of its custody service, as the market has not grown as expected and its share has been eroded by AI security tools.
**December 1 — Hats.finance announced it is phasing out its custodial operations, per official sources.**
The protocol said following a review, sustaining its centralized user interface (UI) and server operations is no longer viable. There is no new legal or operational framework in place to support its existing custodial tech stack moving forward. Since 2021, Hats.finance has stood by the principle that “a decentralized market should have decentralized security safeguards.”
That vision has not aligned with reality, however. Its smart contract security budget failed to grow in line with the expansion of the DeFi ecosystem as anticipated. Meanwhile, the rapid rise of AI security tools and growing maturity of secure, reusable smart contract building blocks have cut market demand for protocols like Hats, leaving the HATS token without long-term sustainable value backing.
**Key next steps:**
- Hats’ custodial front-end (UI) and back-end (server) will go offline by December 31, 2
13 minutes ago
Greeks.Live: $83,000 as Bitcoin's Next Key Support Level
On December 1st, Adam—a researcher at Greeks.Live—posted on social media that the English-speaking crypto community faced a bearish shock: the market plummeted sharply during Sunday night’s monthly close, leaving call option buyers in the red and sparking concerns over further downside.
Traders flagged $83,000 as the next key support level, noting no significant buy orders lie above it. While some remain cautiously optimistic Bitcoin (BTC) will notch a new all-time high again, the timing remains uncertain.
13 minutes ago
US Crypto Stocks Experience General Decline, MSTR Drops by 6.15%, BMNR Drops by 7.91%
On December 1, market data shows the three major U.S. stock indexes opened lower, while cryptocurrency-related stocks posted a broad decline. Key decliners include:
- Coinbase (COIN): -3.09%
- Circle (CRCL): -1.01%
- MicroStrategy (MSTR): -6.15%
- Bullish (BLSH): -6.67%
- Bitmine (BMNR): -7.91%
- SharpLink Gaming (SBET): -8.19%
- BTCS (BTCS): -4.09%
- BNB Network Company (BNC): -5.69%
- ALT5 Sigma (ALTS): -6.68%
- American Bitcoin (ABTC): -8.49%
13 minutes ago
David Sacks: The baseless accusations from The New York Times lack evidence, and we have retained a defamation law specialist to handle this matter.
On December 1, White House Crypto and AI Czar David Sacks publicly pushed back against *The New York Times*’ investigation into his conduct as the administration’s lead on AI and cryptocurrency, dismissing the months-long effort as chasing baseless allegations.
Sacks issued a social media statement claiming *The Times* assigned five reporters this summer to probe conflicts of interest between his government role and tech industry background. “Through so-called ‘fact checks,’ they landed on accusations we thoroughly refuted,” he wrote. “Anyone reading this piece closely will see they’ve cobbled together anecdotes that don’t back the headline—exactly their intent.”
The contentious November 30 *Times* article—headlined “The Silicon Valley Man in the White House: Profiting for Himself and Pals”—alleged Sacks leveraged his dual roles as White House AI/crypto lead and prominent tech investor to push policies benefiting AI and crypto assets, to the advantage of himself and his extensive
13 minutes ago
Bitnomial is set to launch the first CFTC-regulated spot cryptocurrency exchange.
As of December 1, Crypto In America reports that Bitnomial is poised to become the first U.S. derivatives exchange to offer spot cryptocurrency trading.
The exchange submitted self-certification documents last month under U.S. Commodity Futures Trading Commission (CFTC) Regulation 40.6(a) — a rule that allows Designated Contract Markets (DCMs) to roll out new rules once they demonstrate compliance with the Commodity Exchange Act (CEA) requirements. Bitnomial’s self-certified rules cover the listing of spot products, including retail leveraged spot trading under CEA Section 2(c)(2)(D), enabling customers to trade and finance digital assets directly on the platform. Per documents filed on November 13, the relevant rules officially took effect last Friday, meaning spot trading could launch in the coming days.
13 minutes ago