Monat: November 2025

• KuCoin EU gets MiCA license to operate across 29 EEA countries, excluding Malta.
• Austria was chosen for its stable regulations, timely MiCA implementation, and talent pool.
• License strengthens compliance and global expansion strategy for KuCoin.

Global cryptocurrency exchange KuCoin has taken a significant step toward expanding its presence in Europe with its European arm, KuCoin EU, securing a Markets in Crypto-Assets (MiCA) license from Austria’s Financial Market Authority.

This approval marks a major milestone for the exchange, allowing it to operate regulated crypto services across 29 countries in the European Economic Area (EEA), although Malta remains an exception.

Austria as a strategic hub

KuCoin’s decision to pursue licensing in Austria comes amid a wave of European countries adopting MiCA regulations, designed to standardise crypto oversight and enhance consumer protections.

Vienna, in particular, has emerged as an attractive base for crypto companies due to its timely implementation of MiCA’s accompanying laws, a predictable regulatory environment, and a robust talent pool.

KuCoin EU’s license positions the company among six cryptocurrency service providers authorised by Austria’s FMA, alongside established names such as Bitpanda, Bybit, and Amina Bank.

The MiCA framework, which came into effect in late 2024, enables crypto companies to obtain a license in one member state and “passport” their services across the wider EEA.

For KuCoin, this means the ability to offer regulated digital asset services, including stablecoins and other crypto-asset offerings, throughout much of Europe while adhering to one of the most comprehensive regulatory regimes worldwide.

The license also brings clear obligations for transparency, supervision, and consumer protection, with non-compliant entities facing penalties or license revocations.

Strengthening global compliance

KuCoin’s MiCA approval coincides with its recent registration with Australia’s financial intelligence agency, Austrac, allowing the exchange to offer crypto services legally in the country.

The timing underscores the company’s broader strategy of combining global expansion with regulatory compliance.

KuCoin CEO BC Wong described the MiCA license as a “defining milestone” for KuCoin’s long-term trust and compliance strategy, emphasising that regulatory adherence is not merely a legal requirement but the foundation of the company’s mission to deliver secure, innovative, and accessible digital asset services.

However, while the MiCA license allows operations across the majority of the EEA, Malta remains excluded due to its independent approach toward MiCA supervision.

Malta has issued multiple licenses to other cryptocurrency service providers, including Blockchain.com and Gemini, yet it has often opposed centralised EU oversight, highlighting differing regulatory philosophies within Europe.

KuCoin is setting a benchmark for the region

KuCoin’s entry into the European market under MiCA signals growing confidence in the regulatory framework and demonstrates the increasing alignment of major crypto platforms with formal compliance standards.

With a user base exceeding 40 million across 200 countries, KuCoin’s European arm is now equipped to expand its regulated services while maintaining high standards for transparency, security, and consumer protection.

The post KuCoin secures MiCA license in Austria, expands regulated crypto services across Europe appeared first on CoinJournal.

• TRON price hovers above $0.28, largely unchanged in the past week.
• Despite the consolidation, TRX looks poised to go higher.
• Recent network developments, including stablecoin growth and partnerships, buoy bulls.

TRON (TRX) has shown limited upward momentum in recent sessions but continues to hold near the key $0.28 level, even as volatility across the crypto market keeps investors cautious.

TRX is trading around $0.28 after a modest 0.4% dip over the past 24 hours, reflecting broader market weakness and a lack of clear direction.

Sentiment remains fragile following Bitcoin’s slide to $80,000 last week before rebounding toward $92,000, a move that has kept traders on edge.

Still, TRON has managed a mild recovery from recent lows near $0.27, offering a tentative sign of strength despite the uncertain backdrop.

What could aid the TRX price?

The question of whether Tron could ignite a parabolic rally arises from TRON DAO’s growth and expansion across the market.

For instance, TRON has dominated the stablecoin market in terms of total transfers year-to-date. USDT supply on TRON surpassed $80 billion in July.

Leo Chan, a small business owner in Asia, recently highlighted why TRON is seeing huge adoption in stablecoins.

“When I need to make payments at traditional banks, I need to do some paperwork,” Leo said. “I may face delays and lose business. With TRON, recipients can instantly get the payment.”

While it sits above peers in global USDT activity, 2025 also boosts many other notable feats, including daily active users and integrations.

Platforms such as Chainlink and MetaMask have helped elevate TRON’s reach, expanding access beyond stablecoin transfers into decentralized finance, tokenized assets and retail payments.

In terms of adoption, the latest data shows TRON’s total accounts have surpassed 346 million.

This ecosystem growth speaks to rapid growth amid an explosion in decentralized finance.

🎉 TRON’s total accounts have now surpassed 346 million!

TRON ecosystem continues its rapid growth as we push forward on our mission to decentralize the future. pic.twitter.com/J5v0OFTasP

— TRONSCAN (@TRONSCAN_ORG) November 18, 2025

Recently, TRON’s DeFi arm, TRONBANK, secured $10 million in funding.

The strategic financing will help accelerate lending and staking innovations, likely bolstering total value locked in the protocol.

Tron rice prediction

TRON’s price outlook remains cautiously optimistic despite recent dips.

Notably, upside projections hinge on network adoption and macroeconomic shifts.

If bulls gain, the next targets could be $0.35 and $0.50.

With a market cap exceeding $26 billion, TRX ranks as the eighth-largest cryptocurrency by market cap.

The token has seen over $535 million in intraday trading volume.

Bulls saw the token touch the all-time high of $0.44 in December 2024.

Technical indicators add fuel, such as a double-bottom pattern formed in early November, which signals a potential reversal from bearish depths.

As can be seen on the chart above, TRX has rebounded slightly but remains within a downtrend.

RSI is below 50  but suggesting an uptick, as is the MACD on the daily chart, indicating a potential bullish crossover.

The post TRON price prediction as TRX hits $0.28 resistance appeared first on CoinJournal.

• Balancer will return $8M to affected liquidity providers after the V2 exploit.
• Whitehat and internal teams recovered part of the stolen $28M.
• Reimbursements will be distributed pro rata in the same tokens via a 180-day claim.

Decentralised finance protocol Balancer has unveiled a plan to reimburse liquidity providers (LPs) following the massive exploit that drained over $128 million from its V2 pools.

The reimbursement plan comes after an extensive recovery effort led by whitehat hackers and internal teams, aiming to restore funds and rebuild trust within the platform’s user community.

The plan has been submitted to the Balancer DAO for community feedback and will require approval through a formal voting process before distribution begins.

The Balancer exploit

The Balancer exploit, which occurred in early November, targeted a rounding function flaw in Balancer’s Composable Stable Pools (CSPv5).

Attackers combined this vulnerability with batched swaps, allowing them to manipulate token price calculations and drain multiple pools across Ethereum, Polygon, Base, and Arbitrum.

Despite 11 previous security audits conducted by four different blockchain security firms, the vulnerability went unnoticed.

The breach sent shockwaves through the DeFi sector, causing Balancer’s total value locked to fall from $775 million to $258 million, while its native BAL token lost roughly 30% of its value.

Portions of the protocol were paused immediately after the attack to prevent further losses, while whitehat and internal recovery operations began working to salvage funds.

Here’s everything you need to know about the Balancer Hack:

1. The attack targeted Balancer’s V2 vaults and liquidity pools, exploiting a vulnerability in smart contract interactions. Preliminary analysis from on-chain investigators points to a maliciously deployed contract that… pic.twitter.com/udAM4hB0OD

— Adi (@AdiFlips) November 3, 2025

Recovery efforts and whitehat contributions

Overall, approximately $28 million of the stolen funds was recovered.

Whitehat hackers played a significant role, reclaiming around $3.9 million, while internal Balancer teams, including coordination with security firm Certora, retrieved another $4.1 million from vulnerable metastable pools that had not yet been exploited.

Among the whitehat contributors, an anonymous actor dubbed “Anon #1” recovered $2.68 million on Polygon, including various tokens such as WPOL, MaticX, TruMATIC, and stMatic, as detailed in the unveiled reimbursement proposal.

Some rescuers on Arbitrum declined to identify themselves and waived their bounty claims, highlighting the voluntary and community-driven nature of these recovery efforts.

The remaining $19.7 million in osETH and osGNO tokens was recovered through StakeWise, an Ethereum liquid staking protocol, and will be returned to users via StakeWise’s own governance mechanisms.

The $8M reimbursement plan

Balancer’s reimbursement plan focuses on the $8 million recovered directly by whitehats and internal teams.

The framework adopts a non-socialised approach, meaning funds are returned only to liquidity providers in the specific pools affected.

Reimbursements will be distributed on a pro-rata basis according to each user’s Balancer Pool Token holdings at a snapshot block taken before the exploit.

Payments will be made in-kind, allowing users to receive the exact tokens that were stolen, avoiding any mismatches or unintended losses due to price fluctuations.

Whitehat contributors are entitled to a 10% bounty of the recovered funds, capped at $1 million per operation.

To receive their reward, Whitehat participants must complete identity verification, KYC, and sanctions screening under Balancer’s SEAL Safe Harbour Agreement.

Notably, internal recovery operations, including Certora’s involvement, are excluded from these bounties due to pre-existing service agreements.

If the distribution plan is approved, affected liquidity providers will have a 180-day window to claim their funds, during which they must digitally accept Balancer’s updated terms of use.

These terms require users to release Balancer Labs, the DAO, the Foundation, and affiliated parties from legal liabilities related to the exploit.

Unclaimed funds after 180 days will be considered dormant and may only be reallocated through a governance vote.

The post Balancer unveils $8M reimbursement plan for LPs after the $128M V2 exploit appeared first on CoinJournal.

• The rules include licensing, AML checks, cold storage, and strict state authority over token issuances.
• Crypto assets are classified as backed or unbacked and are not legal tender in Turkmenistan.
• The move follows a Nov. 21 government meeting focused on digital asset policy.

Turkmenistan has taken a major step towards formalising its digital asset sector, joining a wave of countries introducing detailed crypto regulations as global frameworks evolve.

The move was confirmed in a Nov. 28 report by Business Turkmenistan, which said President Serdar Berdimuhamedov had approved a new law that will come into effect in 2026.

The legislation introduces a tightly controlled structure for digital assets in a country long known for strict information policies and limited access to outside technologies.

It places crypto exchanges, custodial services, and mining under clear state-defined rules, positioning Turkmenistan within a growing international effort to manage crypto adoption more systematically.

Sweeping rules

The new law establishes licensing procedures for exchanges and custodial platforms.

It sets know your client and Anti Money Laundering checks as standard requirements, along with mandatory cold storage obligations for service providers.

The framework also prevents credit institutions from offering crypto services. The state can stop, void, or enforce the refund of token issuances, placing digital asset activity squarely under government authority.

Mining is a central focus of the legislation. Individuals and organisations must register mining and mining pool operations. Covert mining activity is banned.

The central bank is also given the power to authorise distributed ledgers or operate its own, opening the door to permissioned systems that could direct transactions and digital asset activity through state-managed infrastructure.

Strict classifications

Turkmenistan’s law also defines the legal status of crypto assets. Digital currencies are not considered legal tender, currency, or securities within the country. Instead, the law divides them into two categories: backed and unbacked.

Regulators will later set rules for the liquidity of the backing, settlement requirements, and emergency redemption arrangements for assets in the backed category.

This structure hints at a system in which any asset with underlying backing will face closer supervision, while unbacked assets remain strictly delineated in legal terms.

The legislation was introduced following a Nov. 21 government meeting.

Deputy Chairman of the Cabinet of Ministers Hojamyrat Geldimyradov presented a report outlining the legal, technological, and organisational basis for the introduction of digital assets.

The report was accompanied by a proposal to establish a special State Commission that will oversee the sector and coordinate regulatory decisions as the framework is implemented.

Global context

Turkmenistan’s shift mirrors a wider push among governments to tighten their regulatory approaches to crypto and stablecoins.

Earlier this week, the United Kingdom’s tax authority outlined a new plan that allows decentralised finance users to defer capital gains taxes on crypto lending and liquidity pool activity until they sell the underlying token.

The move reduces the administrative burden on users and brings policy closer in line with how traditional assets are taxed.

In another development, Bank of England Deputy Governor Sarah Breeden said she expects the UK to move in parallel with the United States on stablecoin policies.

This suggests that major economies may establish similar frameworks as stablecoins become more integrated into payment and settlement systems.

International bodies are also reassessing earlier positions.

Erik Thedéen, governor of Sweden’s central bank and chair of the Basel Committee on Banking Supervision, recently indicated that the group may need a different approach to its current risk weighting for crypto exposures after some countries resisted adopting the 1,250% standard.

This reflects rising pressure for coordinated regulatory models as digital asset markets expand.

Political backdrop

The regulatory shift comes against the backdrop of Turkmenistan’s tightly controlled political landscape.

The former Soviet republic, home to around 6.5 to 7 million people, relies heavily on natural gas exports and maintains one of the world’s most centralised presidential systems.

It appears in lists of countries where X and Telegram are banned.

The country is also known for distinctive landmarks, including a permanently burning natural gas crater known as the door to hell, the white marble architecture of its capital, Ashgabat, and a national holiday dedicated to melons.

These features sit alongside heavy state oversight, making the introduction of a structured crypto law a notable change in approach.

The post Turkmenistan joins global crypto regulation push with sweeping new digital asset law appeared first on CoinJournal.