A U.S. federal judge in New York ruled on Thursday that Binance cannot compel U.S. customers to arbitrate claims tied to tokens purchased before Feb. 20, 2019. Judge Andrew Carter Jr. held that users lacked adequate notice of Binance.com's 2019 terms, keeping the Williams v. Binance class action in open court rather than private arbitration in Singapore.

MARA Holdings reported a fourth quarter 2025 net loss of $1.71 billion, or $4.52 per diluted share, after a sharp fair‑value markdown on its Bitcoin holdings. Quarterly revenue slipped 6% to $202.3 million, while the company outlined a multi‑year strategy to expand into AI and high‑performance computing infrastructure alongside its existing Bitcoin mining operations.

American Bitcoin Corp. reported a fourth‑quarter 2025 net loss of $59.5 million as revenue climbed to $78.3 million, up 22% quarter over quarter. The miner finished 2025 with 5,401 BTC and says its balance has since surpassed 6,000, while ABTC shares have fallen 85% over six months as peers pivot to AI and, in one case, fully liquidate Bitcoin reserves.

The US Office of the Comptroller of the Currency released a 376-page proposal to implement the GENIUS Act, outlining detailed rules for payment stablecoin issuers and banning yield paid solely for holding or using such tokens. The draft, open to public comment for 60 days from its Wednesday publication, creates a rebuttable presumption against issuer–affiliate reward arrangements and could influence how the Digital Asset Market Clarity Act of 2025 addresses stablecoin rewards.

FG Nexus sold 7,550 ETH worth about $14 million from its corporate treasury on Tuesday, pushing realized losses above $80 million. The publicly listed firm has disposed just over 21,000 ETH for about $55 million and still holds 37,594 ETH, while FGNX shares fell roughly 52% over the past month.

US federal agents in North Carolina have seized more than $61 million in USDT allegedly tied to a large pig butchering crypto investment scheme that used fake relationships and bogus trading platforms to target victims. Investigators tracked funds across multiple wallets before freezing addresses that still held significant balances, with Tether assisting in transferring the assets. The action comes amid a sharp rise in AI‑driven impersonation and social engineering scams, as crypto‑related fraud losses reportedly reached $17 billion in 2025.

Bloomberg Intelligence said Coinbase's stablecoin income from its USDC arrangement with Circle could increase two to seven times if payment usage accelerates. In Q4 2025, Coinbase reported a $667 million net loss but generated $1.35 billion in stablecoin revenue in 2025, as lawmakers consider curbing customer rewards.

On Thursday, Austria's Financial Market Authority barred KuCoin EU from onboarding new clients or signing new products, citing shortcomings in AML, CTF and sanctions oversight. The action comes months after Austria granted the exchange a MiCA licence, and KuCoin says it has already paused onboarding and begun recruiting to restore key compliance roles.

Gemini co-founder Tyler Winklevoss has publicly stated he is optimistic at what he describes as peak crypto pessimism, even as filings and market data show mounting challenges for the exchange. SEC documents outline sharply higher operating expenses alongside modest revenue growth and a shrinking market value, while onchain data indicates Winklevoss Capital has cut its Bitcoin holdings by more than half over the past year. Gemini has also announced sizable layoffs, exited multiple regions and reshuffled senior leadership as it pivots toward new regulated products and services.