According to Huoxun Finance on November 28, a report released by the Democratic Committee of the U.S. House Judiciary Committee recently stated that President Trump and his family, through collusion with foreign powers and corporate interests, profited over $800 million through cryptocurrency projects in the first half of 2025, increasing their total assets to $11.6 billion. The report also alleged that Trump disbanded regulatory agencies, interfered with investigations, and pardoned key financiers involved in the scheme, raising serious allegations of corruption and conflict of interest.

Huoxun Finance News, November 28th – Cobo announced a donation of HKD 1 million equivalent in stablecoins for fire relief and community reconstruction in Tai Po, Hong Kong. In collaboration with the Hong Kong Red Cross, Cobo has launched a dedicated "compliant blockchain charity wallet" to ensure the entire donation process is open, transparent, and traceable. The wallet is now open to the public, allowing direct donations. All donations will be used for related relief efforts. Cobo stated that it will continue to monitor the flow of funds and the progress of post-disaster reconstruction and is willing to provide free technical support to charitable foundations that require blockchain donation channels.

According to Huoxun Finance on November 28, SolidIntel disclosed that two South Korean police officers have been formally indicted for allegedly accepting bribes and assisting in the operation of a cryptocurrency money laundering network involving 250 billion won (approximately US$186 million).

Odaily Planet Daily reports that a Tether spokesperson confirmed on Friday that Tether, the issuer of the world's largest stablecoin USDT, has suspended its Bitcoin mining operations in Uruguay due to rising energy costs, but remains committed to its long-term projects in Latin America. This confirmation comes just weeks after Tether denied reports of withdrawing from Uruguay. Previously, reports indicated a $4.8 million debt dispute between Tether and Uruguay's state-owned power company, UTE. According to local news agency El Observador on Tuesday, Tether officially notified the Uruguayan Ministry of Labor of the suspension of mining activities and the layoff of 30 employees. Tether initially announced the launch of a "sustainable Bitcoin mining operation" in Uruguay in May 2023, aiming to utilize the country's renewable energy sources. It was reported that Tether originally planned to invest $500 million in mining operations in Uruguay. (Cointelegraph)

Odaily Planet Daily reports that Turkmen President Serdar Berdimuhamedov has signed a new law aimed at regulating the cryptocurrency industry, which will take effect in 2026. This move marks a significant policy shift for one of the world's most closed economies. The law legalizes cryptocurrency trading but also establishes strict requirements for cryptocurrency exchanges and custody services, including licensing, Know Your Customer (KYC), Anti-Money Laundering (AML), and cold storage, and prohibits credit institutions from offering crypto services. The state has the power to suspend, revoke, or forcibly return token issuances. Furthermore, cryptocurrency mining and mining pool operations require registration, and clandestine operations are prohibited. The law also states that the country's central bank can authorize distributed ledgers or run its own, potentially forcing citizens to use licensed and monitored infrastructure. The law explicitly states that cryptocurrencies are neither legal tender, currency, nor securities in Turkmenistan and categorizes digital assets as either backed or unbacked. (Cointelegraph)