Singapore-based cryptocurrency exchange Tokenize Xchange's founder is being sued for fraud, with a claim of $60.5 million in damages.

**Binance Wallet Launches Multi-Keyless Wallet Feature** December 1st — Binance Wallet has rolled out a new feature enabling users to create and manage multiple keyless wallets under a single account, per an official announcement. Key highlights include: 1. **Multi-Keyless Wallet Support**: Users can create up to 5 keyless wallets linked to one account. 2. **Personalized Management**: Customize each wallet’s name and avatar, then manage all wallets in the “My Wallets” dashboard. 3. **One-Click Creation**: Effortlessly create keyless wallets using a device passkey for a streamlined, user-friendly experience. 4. **Secure Keyless Protection**: Built on MPC technology, this feature eliminates the need to store mnemonic phrases entirely, boosting security.

**Websea Taps Herbert R. Sim as CMO** **December 1 –** Crypto exchange platform Websea announced today that Herbert R. Sim, a renowned global leader in the cryptocurrency industry, has officially returned to the company as Chief Marketing Officer (CMO). Sim, who played a key role in Websea’s early development, brings extensive expertise in international marketing and ecosystem building. He holds strong recognition of and deep alignment with Websea’s innovative core concepts and brand values. Active at the forefront of the global Web3 space, Sim has provided strategic consulting to multiple leading projects, building up vast experience and connections in international marketing, brand positioning, and ecosystem development. In his new role, Sim will oversee the execution of Websea’s global market and brand strategies, focusing on differentiated approaches to grow the user base and strengthen the platform’s recognizable, competitive global brand identity.

**HashKey Holdings Clears HKEX Hearing, Poised to Become Hong Kong’s First Crypto-Focused Listed Company** On December 1, Hong Kong virtual asset trading platform HashKey Holdings cleared its hearing with the Hong Kong Exchanges and Clearing Limited (HKEX), with JPMorgan Chase and others serving as joint sponsors. It is set to become Hong Kong’s first cryptocurrency-focused listed company. Disclosures show the firm holds licenses across multiple jurisdictions, with over HK$1.3 trillion in cumulative spot trading volume and around HK$29 billion in assets under custody. Analysts at BiyaPay note the listing of this compliance-focused leader in Hong Kong is expected to lift sentiment across the crypto sector. Currently, BiyaPay allows trading of U.S. stocks, Hong Kong stocks, and futures using USDT. Once HashKey lists, its users will be able to easily trade the company’s shares on the platform.

December 1st — LookOnChain monitoring reports a newly established wallet has just withdrawn 42,225 ETH from Binance, valued at approximately $120 million.

December 1: Glassnode released a note stating that after Bitcoin fell to the lower end of the $80,000 range, a new on-chain cost basis cluster formed—suggesting new buying interest accumulated at that price level. This area now ranks as one of the most dense spots on the heatmap, potentially acting as a strong support zone and likely to be actively defended by recent buyers.