Texas has become the first U.S. state to obtain bitcoin exposure with public 
funds, allocating $10 million to its new Strategic Bitcoin Reserve. Texas 
formally entered the bitcoin arena on Nov. 20, 2025, when officials deployed 
$10 million of surplus budget funds to acquire bitcoin exposure via 
Blackrock’s IBIT exchange-traded-fund (ETF). The buy stems from […]

First-Ever State Bitcoin Purchase Puts Texas in the Spotlight

Polymarket, long billed as the world’s largest prediction market, announced 
that the U.S. Commodity Futures Trading Commission (CFTC) has officially 
authorized it to operate an intermediated trading platform.

Polymarket gets permission slip: CFTC clears path for first fully regulated US prediction exchange

Based on reports, victims of the October 7 attacks in Israel have filed a 
federal lawsuit against Binance and its founder, Changpeng &#8220;CZ&#8221; Zhao, claiming 
the exchange allowed large crypto flows to militant groups. Related Reading: 
Bitcoin Creator Somehow Becomes ‘Poor’ By Losing $41 Billion Without Saying A 
Word The complaint lists 306 American plaintiffs who say they were killed, 
injured, or taken hostage and are demanding damages. Dormant Accounts Draw 
Scrutiny According to the filing, the plaintiffs allege Binance helped move 
more than $1 billion for Hamas and other US-designated groups over several 
years. They claim that more than $50 million passed through the platform after 
the October 7, 2023 assault. These figures sit at the center of the case and 
could shape the request for compensatory and treble damages. The complaint 
also highlights unusual account activity that lawyers say should have 
triggered alarms. One example involves an account tied to a Venezuelan woman 
linked to a Brazilian livestock business. Binance Holdings faces a lawsuit 
claiming the cryptocurrency platform &#8220;knowingly facilitated” crypto 
transactions by Hamas before the group attacked Israel on Oct. 7, 2023, 
killing 1,200 people and taking 250 hostages. https://t.co/B3rO7bAjN6 — The 
Japan Times (@japantimes) November 25, 2025 Reports say the account received 
over $177 million in deposits after opening in 2022 and later sent out more 
than $130 million in withdrawals. Attorneys argue that movements of this size 
should have been examined more closely. Large Sums And Strange Flows Based on 
reports, the plaintiffs argue that Binance’s controls were weak or ignored, 
allowing questionable transfers to move across borders. The lawsuit lists 
alleged links to Hamas, Hezbollah, Palestinian Islamic Jihad, and Iran’s 
Revolutionary Guard. Lawyers claim the platform became a tool for shifting 
money while avoiding standard financial checks. Binance has said it complies 
with international sanctions laws and has denied having any special ties to 
terrorist groups. Its legal history forms part of the background: in late 
2023, the company pleaded guilty in a major federal case and paid a $4.32 
billion penalty tied to anti-money-laundering and sanctions violations. That 
earlier case, along with Zhao’s four-month prison sentence, is referenced in 
the new complaint. Related Reading: Bitcoin’s Sudden Volatility Jump Signals 
Options Could Be Calling The Shots—Analyst Legal Stakes And Future Impact The 
new lawsuit seeks damages under a US anti-terrorism law that can triple any 
award. If the plaintiffs succeed, the financial and reputational impact on 
Binance could be severe. The complaint was filed in federal court in North 
Dakota and is separate from another case in Manhattan that is already moving 
through the court system. The filing also recalls that Zhao’s prison sentence 
was later followed by a pardon from US President Donald Trump, something the 
plaintiffs point to as part of the exchange’s complicated legal path. They 
argue this new lawsuit is necessary to push for accountability after years of 
what they see as weak controls. Featured image from alliance / Zumapress.com, 
chart from TradingView

Hamas Victims Sue Binance And CZ — Accusations Of Terror Financing Rock Crypto World

The approval came as the US Senate is expected to soon vote on prospective 
CFTC Chair Michael Selig as a replacement for acting chair Caroline Pham.

Polymarket wins regulatory approval to operate US trading platform

Negative Bitcoin funding rates and large short liquidity zones could be a sign 
that a short-squeeze to $90,000 and higher could be on the cards.

Cryptocurrency price in MYR