As gaming wallets, Web3 gaming, and Play-to-Earn economies continue to expand globally, regulators are watching more closely than ever. From microtransactions and NFT trades to crypto withdrawals and cross-border payments, gaming platforms today face increasing pressure to prevent fraud and comply with Anti-Money Laundering (AML) rules.

This guide provides an expert, in-depth comparison of the top KYT/AML tools for gaming wallets in 2025 — including their features, strengths, weaknesses, pricing transparency, and best-fit use cases.

Whether you’re building a crypto-native gaming ecosystem or running a high-volume Web2 gaming platform, this guide will help you identify the best KYT and AML monitoring solution for your needs.

Why KYT & AML Matter for Gaming Wallets in 2025

Gaming platforms are now prime targets for illegal activities due to high transaction volume, anonymity, and fast-moving digital assets.

How regulators treat crypto gaming & GameFi

Over the past three years, regulators worldwide have tightened AML expectations for any digital platform that moves value, including crypto gaming, NFT marketplaces, eSports betting, and hybrid fiat–crypto games.

Several enforcement trends make KYT and AML unavoidable for in-scope gaming platforms:

• Gambling operators face stricter AML rules than ever. Regulators in the EU, UK, Australia, and the U.S. have issued record fines for weak due diligence, poor monitoring, and inadequate reporting.
• Crypto transactions are now heavily regulated, with virtual asset providers (VASPs) required to monitor transactions, screen wallets, implement Travel Rule compliance, and report suspicious activity.
• GameFi and Web3 gaming increasingly fall under “VASPs” or “money transmitter” classifications when players can swap, trade, or cash out tokens. Once this threshold is met, AML/KYT controls are mandatory.
• Banks require AML controls from gaming platforms before they allow fiat on-ramps/off-ramps. Without KYT and sanctions screening, payment partners may deny access or freeze accounts.
• Cross-border gaming payouts trigger multi-jurisdictional oversight, making automated AML monitoring essential for compliance teams who must handle EU AMLR, FinCEN CVC guidance, FCA crypto AML rules, and MAS DPT regulations.

In short: gaming platforms that allow real-money cashouts, crypto deposits, NFT trading, or cross-border rewards are increasingly treated like financial service providers, and regulators expect them to monitor transactions with the same rigor as exchanges and fintechs.

Key reasons gaming companies rely on KYT/AML tools

GameFi ecosystems introduce new vectors for illicit activity because in-game assets behave like financial instruments but often move faster, across chains, and with less oversight.

Key risk drivers include:

1. High-velocity microtransactions

Players make thousands of small purchases, upgrades, token swaps, or loot-box payments. Fraudsters use this velocity to obfuscate laundering patterns, making real-time KYT essential.

2. P2E (Play-to-Earn) token rewards

When players can earn tokens convertible to real money, the platform becomes a financial throughput channel. Bad actors farm tokens using bots or stolen accounts, then cash out quickly.

3. NFT-based economies

NFTs inside games can be used for:

• wash-trading to inflate asset values,
• hiding illicit funds inside digital collectibles,
• rapid movement across multiple wallets.
  Analytics platforms increasingly track NFT scam patterns, stolen asset flows, and wash-trade signals, which makes NFT-level tracing a critical part of KYT.

4. Cross-chain bridges & multi-wallet hopping

GameFi users often move value between chains (ETH → Polygon → BNB Chain) or across multiple burner wallets. Criminals exploit these “hops” to bypass simple monitoring.

5. Bot farms & automated abuse

Fraud rings use automated scripts to:

• mass-generate new accounts,
• exploit game mechanics,
• farm tokens before cashing out.
  AML tools with behavioral analytics can detect abnormal transaction clusters or bot-like patterns.

6. Cross-border payouts & unstable jurisdictions

When players withdraw rewards to exchanges or wallets in high-risk regions, the platform must detect jurisdictional risks, sanctions exposure, and abnormal flows.

For a deeper comparison of settlement methods, see our guide on stablecoin settlement vs card rails for gaming payouts.

Real‑world AML risks in Web3 gaming

Whether you operate a Web3 game, NFT marketplace, eSports betting hub, or mobile game with crypto rewards, you face:

• higher regulatory exposure,
• higher fraud pressure,
• higher transaction complexity,
• and far more expectation for transparency from banking partners.

KYT and AML tools are no longer optional safeguards — they’re baseline infrastructure for any gaming ecosystem that handles digital assets.

KYT vs AML vs KYC (Quick Explainer for Gaming Teams)

What is KYT (Know Your Transaction)?

KYT tools analyse and monitor live transactions to detect suspicious behavior across gaming wallets. For gaming platforms, KYT can help monitor:

• token purchases
• in-game asset transfers
• loot box payments
• NFT trades
• withdrawals & cashouts
• cross-game or cross-platform transfers

KYT focuses on real-time transaction risk, making it essential for gaming ecosystems where assets move fast.

KYT answers the question: “Is this transaction risky?”

What AML tools actually do for gaming wallets

AML tools are designed to:

• screen wallets against sanctions & PEP lists
• monitor fraud and bot activity
• detect abnormal spending behavior
• identify money laundering patterns
• automate reporting for compliance teams

AML is the umbrella.
KYT is one part of AML.
KYC is another.
Travel Rule is another.

AML answers: “Is our platform safe, compliant, and protected from financial crime?”

What Is KYC? (Know Your Customer)

Gaming platforms typically use KYC when:

• players cash out real money,
• players trade NFTs or high-value in-game items,
• the platform is licensed for gambling,
• the platform qualifies as a VASP or money transmitter,
• payment gateways require identification for onboarding.

KYC usually includes:

• ID verification (passport, IC, driving license),
• selfie check / liveness test,
• age verification,
• proof of address.

KYC answers: “Who is this player?”

As soon as your gaming wallet infrastructure falls under categories like gambling operator, money transmitter, digital payment token provider, or VASP, AML/KYC controls stop being optional and become a regulatory obligation.

Where KYC and the Travel Rule fit in

KYT and AML handle the risk of transactions, but regulators also require controls that govern who your players are and how crypto transfers are shared across platforms. This is where KYC and the Travel Rule become essential parts of your gaming compliance stack.

1. Where KYC Fits Into Gaming Wallet Compliance

KYC (Know Your Customer) is used to verify the identity of your players. It becomes legally required — or at minimum expected by payment partners — in situations where real-world value moves through your game.

You need KYC when your platform allows:

• cashouts of tokens, rewards, or NFTs,
• high-value in-game purchases,
• converting game tokens to fiat or crypto,
• P2P transfers between users,
• gambling-like mechanics with real monetary value,
• cross-border payouts or tournament prizes.

Why regulators require KYC

KYC answers the fundamental question:
“Who is the player moving money through our platform?”

Regulators use this to prevent:

• underage access,
• identity fraud,
• stolen payment methods,
• laundering through bot farms,
• sanctioned individuals participating in gaming ecosystems.

How KYC connects with KYT & AML

• KYC verifies the player → their identity, risk level, location.
• KYT monitors each transaction → their behavior in real time.
• AML ties it all together → suspicious patterns → alerts → reports.

In other words:
KYC = identity assurance.
KYT = transaction risk.
AML = the full compliance framework.

2. Where the Travel Rule Fits Into Crypto Gaming Ecosystems

The FATF Travel Rule applies whenever crypto moves between two regulated entities (such as gaming wallets ↔ exchanges).

Gaming platforms that act as custodial wallets or VASPs must comply when players:

• withdraw rewards to exchanges (Binance, Coinbase, OKX, etc.),
• receive tokens or NFTs from another VASP,
• move assets between jurisdictions,
• transfer funds across regulated service providers.

What the Travel Rule requires

When a covered crypto transfer happens, your platform must share:

• the sender’s name,
• account/wallet identifier,
• recipient information (if available),
• transaction amount.

This data “travels” with the transaction, just like in traditional banking.

Why the Travel Rule matters in gaming

GameFi ecosystems increasingly resemble financial environments:
players deposit, earn, trade, swap, and withdraw assets with real monetary value.

If your platform controls private keys or processes withdrawals, regulators see you as a value-transfer service — which triggers Travel Rule obligations.

How the Travel Rule interacts with KYC & KYT

• KYC provides the verified identity that must be shared during Travel Rule-covered transfers.
• KYT scans the transaction for risk before it’s released.
• Travel Rule ensures the required identity/transaction data is shared with the receiving VASP or platform.
• AML documents and reports the entire process as part of your compliance program.

Together, they create a closed-loop compliance system that prevents anonymous laundering through gaming wallets.

             [ KYC ]
     Identify & verify the player
                 │
                 ▼
             [ KYT ]
   Real-time monitoring of transactions
                 │
                 ▼
         [ Travel Rule ]
  Share required sender/receiver data
      when crypto leaves the platform
                 │
                 ▼
              [ AML ]
Full compliance program:
- Sanctions & PEP checks
- Suspicious activity reporting
- Fraud & bot detection
- Documentation & audits

How Regulators Classify Gaming Wallets and GameFi Platforms (2025 Guide)

Regulators don’t classify “gaming platforms” based on whether they are games. They classify them based on how money moves, how players interact, and whether digital assets can be cashed out.

A gaming platform can suddenly become a gambling operator, a payment institution, or a virtual asset service provider (VASP) simply by enabling certain features inside the game.

Below is a clear breakdown of how regulators typically classify gaming wallets and GameFi ecosystems.

When a Gaming Platform Becomes a Gambling Operator

A game can be considered online gambling if it includes all three elements:

1. Consideration – the player pays something of value
   (fiat, crypto, tokens, NFTs, loot-box payments).
2. Chance – outcomes are partially random
   (loot boxes, randomized rewards, RNG combat, randomized NFT drops).
3. Prize – the player can receive something of monetary value
   (crypto rewards, tradable NFTs, tokens that can be sold or cashed out).

If all three occur, regulators in many jurisdictions classify the game as gambling, even if the developer calls it “gaming,” “P2E,” or “GameFi.”

Gaming platforms that offer betting-like mechanics also rely heavily on real-time data and risk controls. For operators in this category, our guide to sportsbook data feeds and odds providers explains how betting platforms structure their data and vendor landscape.

What this classification means

If your platform is treated as a gambling operator, you typically must:

• register under gambling laws,
• perform KYC on players,
• implement AML transaction monitoring,
• screen for sanctions / PEPs,
• report suspicious activity,
• prevent underage participation,
• maintain fraud controls and player protection systems.

This is why many GameFi projects avoid real-money loot boxes or cash-out mechanics—
the moment money + chance + prize coexist, gambling regulations may apply.

When a Gaming Platform Becomes a VASP (Virtual Asset Service Provider)

A gaming platform becomes a VASP when it handles cryptoassets on behalf of users in ways defined by regulators such as FATF, EU AMLR, MAS, FCA, and FinCEN.

You are likely a VASP if your platform does ANY of the following:

1. Lets players deposit or withdraw crypto

If players can send funds from an external wallet to your platform, or vice versa, the gaming company becomes a custodial wallet provider → a regulated VASP.

2. Allows token swaps, P2P transfers, or buying/selling assets

If players can swap tokens, transfer assets to each other, or trade NFTs for value, your platform may be classified as a crypto exchange or broker under VASP rules.

3. Offers in-game tokens that have real monetary value

If your in-game token is tradable, cashable, or convertible into fiat/crypto, regulators will categorize you as facilitating virtual asset transfers, requiring AML controls.

4. Holds or manages private keys for players

If you operate a custodial gaming wallet, you are performing the same function as a crypto custodian → regulated under VASP frameworks.

5. Facilitates cross-border crypto payments

Cross-border transfers (payouts, rewards, tournament prizes) trigger:

• FATF Travel Rule requirements,

• sanctions screening,

• source-of-funds checks,

• enhanced transaction monitoring.

Bottom line:
If your game handles real crypto, you are likely a VASP unless all wallets are fully non-custodial and all transfers occur on-chain without your control.

When a Gaming Platform Becomes a Payment Institution

Even if your game does not use crypto, you may still fall under payment services regulation if:

1. You store player funds (fiat or stablecoins)

Holding balances on behalf of players resembles “stored value facilities,” e-wallets, or “issuing of electronic money.”

2. You process payments between players

Moving value from Player A to Player B (fiat, points, tokens) may be treated as money transmission.

3. You handle cross-border payouts

International prize distribution can trigger:

In many jurisdictions (EU, UK, SG, US), if you process payments as a business model, you need licensing or must partner with a regulated payment provider.

How We Evaluated KYT/AML Tools for Gaming Wallets

Each tool is evaluated based on:

• Transaction monitoring accuracy

• AI/ML capabilities for fraud detection

• Coverage for crypto + fiat gaming

• API integration difficulty

• Dashboards & UX for compliance teams

• Regulatory coverage

• NFT & token support

• Sanctions screening performance

• Reporting tools

• Pricing transparency

• Suitability for high-volume gaming ecosystems

Top KYT/AML Tools for Gaming Wallets (2025): Full Comparison

Below is a global comparison of leading tools commonly used by gaming platforms, Web3 gaming apps, and P2E economies.

1. Chainalysis KYT

Overview:
Chainalysis is one of the leading providers of crypto transaction monitoring, used by major exchanges, financial institutions and numerous law enforcement and regulatory agencies worldwide.

Key Features for Gaming Wallets:

• Real-time KYT monitoring

• Strong blockchain coverage

• Wallet clustering

• NFT tracing

• Alerts for suspicious gaming wallet behavior

• Integration with Chainalysis Reactor for deep investigations

Strengths:

• High‑performance, real‑time blockchain analytics with scalable transaction monitoring

• Widely adopted by regulators and law‑enforcement agencies in dozens of jurisdictions

• Supports NFT and DeFi tracing through Chainalysis’ broader Web3 analytics stack

• Strong reporting features

Weaknesses:

• Pricing is generally at the premium end of the market, reflecting focus on large institutions

• Not specialized in gaming

Best For:
Large gaming platforms, P2E ecosystems, NFT-based games, crypto-native gaming wallets.

2. TRM Labs

Overview:
TRM Labs offers high-accuracy blockchain intelligence and is strong in detecting abnormal patterns across gaming economies.

Key Features for Gaming Wallets:

• Advanced transaction monitoring alerts and wallet screening with AI‑based risk scoring

• AI-based risk scoring

• NFT marketplace monitoring

• Financial crime pattern detection

• Multi-chain analytics

Strengths:

• Fast, clean dashboard

• Mature risk‑scoring models and behavioral analytics used by regulators, banks, and crypto firms

• Very strong cross‑chain analytics (45+ chains & 200M+ assets)

Weaknesses:

• Strong adoption with public‑sector agencies, though Chainalysis has a longer track record with some regulators

• Pricing not publicly listed

Best For:
Medium–large gaming platforms with cross-chain assets.

3. Elliptic

Overview:
Elliptic specializes in crypto compliance with strong risk analytics and exchange-grade monitoring.

Key Features:

• Wallet screening

• Transaction monitoring

• NFT & token analytics, cross‑chain NFT risk detection

• Sanctions and PEP screening

• Real-time alerts

Strengths:

Weaknesses:

• Dataset is slightly smaller than the very largest providers but still covers 99% of global crypto transaction volume

• Limited Web3 gaming-specific tools

Best For:
Gaming companies that need simple, fast, reliable KYT.

4. Merkle Science

Overview:
A fast-growing competitor with deep behavioral analytics.

Key Features:

• Predictive blockchain monitoring

• Detailed behavioral patterns

• High-quality risk insights

• NFT transaction tracking

Strengths:

Weaknesses:

Best For:
Web3 game studios and P2E platforms needing budget-friendly KYT.

5. ComplyAdvantage

Overview:
A specialist in AML data (sanctions, watchlists, PEPs, adverse media) with customer screening & transaction monitoring.

Key Features:

Strengths:

• Very strong global sanctions, PEP, and adverse media coverage, widely used in banking and fintech

• Ideal for fiat-gaming or hybrid ecosystems

• Excellent dashboard

Weaknesses:

Best For:
Traditional gaming platforms, hybrid payment models, and eSports betting hubs.

Comparison Table — KYT & AML Tools for Gaming Wallets (2025)

Tool Selection Playbooks for Common Gaming Use Cases

1. NFT Gaming Marketplace

You need: Chainalysis or TRM Labs
Reason: Deep NFT movement analysis + wallet clustering.

2. Web3 Game Studio with P2E Tokens

You need: Merkle Science or TRM Labs
Reason: Multi-chain analytics + flexible pricing.

3. Global eSports Betting Platform

You need: ComplyAdvantage
Reason: Strong AML screening and sanctions checks.

4. Cross-Border Mobile Gaming Platform

You need: Elliptic or Chainalysis
Reason: Real-time fraud monitoring + API speed.

How to Choose the Right KYT/AML Tool for Your Gaming Wallet

Use this checklist:

1. Transaction volume — large platforms require deeper analytics.

2. Crypto or fiat?

   • Crypto-heavy → Chainalysis, TRM, Merkle

   • Fiat-heavy → ComplyAdvantage

3. NFT support needed?

4. Global regulatory exposure (EU, US, APAC, MENA).

5. Budget flexibility — pricing varies widely.

6. API integration difficulty — start-ups need easy plug-and-play.

7. Compliance reporting needs.

Implementation Checklist (For Gaming Platforms)

• Connect API to gaming wallet backend

• Configure KYT risk thresholds

• Enable real-time sanctions screening

• Set automated alerts

• Define escalation workflows

• Train your compliance team

• Run weekly audits

• Document all compliance steps for regulators

FAQs — KYT & AML for Global Gaming Platforms

1. What is KYT in gaming wallets?

KYT (Know Your Transaction) is real‑time monitoring of on‑chain and off‑chain transactions in gaming wallets to detect suspicious activity like bot farming, stolen assets, or sanctions‑linked wallets.

2. Are AML tools required for crypto gaming platforms?

AML tools are required when a crypto gaming platform is regulated as a gambling operator, money transmitter or virtual asset service provider. In practice, most licensed GameFi or betting projects must implement AML/KYC controls.

3. Which KYT tools are best for Web3 gaming and NFTs?

Chainalysis, TRM Labs, Elliptic and Merkle Science all provide NFT‑aware blockchain analytics, making them strong options for NFT game marketplaces and P2E economies.

4. What’s the most affordable KYT tool for Web3 gaming startups?

Pricing is quote‑based, but Merkle Science is often seen as more flexible for Web3 startups, while smaller projects may also use lighter tools or KYT via aggregators.

5. Do gaming wallets need sanctions and PEP screening?

Yes — if your gaming platform handles real‑money bets, convertible crypto or cross‑border payouts, sanctions and PEP screening are now standard expectations from regulators and banking partners.

Conclusion

In 2025, gaming wallets operate at the intersection of gaming, fintech, and digital assets — making KYT and AML compliance essential, not optional.

• Chainalysis → best overall for crypto gaming

• TRM Labs → best for cross-chain & advanced analytics

• Elliptic → balanced, good for mid-size platforms

• Merkle Science → best for Web3 gaming startups

• ComplyAdvantage → best AML tool for non-crypto gaming

Choosing the right solution will future-proof your platform, protect your players, and meet global regulatory standards.

BitcoinWorld

DappRadar Shutdown: The Alarming End of a Crypto Data Giant

The cryptocurrency world received shocking news today as DappRadar, one of the most trusted data platforms in the space, announced its imminent DappRadar shutdown. This unexpected development leaves thousands of users and developers wondering about the future of decentralized application analytics.

Why is DappRadar shutting down?

Financial challenges forced the DappRadar shutdown decision. The platform confirmed that economic pressures made continued operations unsustainable. However, the company promised to share separate announcements about its DAO structure and the RADAR token’s future.

This DappRadar shutdown highlights the ongoing challenges facing crypto data providers. Many platforms struggle to maintain profitability despite growing user bases. The announcement came as a surprise to the community that relied on DappRadar for accurate dapp statistics and market insights.

What does the DappRadar shutdown mean for users?

The immediate effects of the DappRadar shutdown include:

• Loss of real-time dapp analytics and rankings
• Uncertainty about historical data access
• Questions about existing user accounts and data
• Concerns about the RADAR token’s utility

Regular users now face the challenge of finding alternative platforms for tracking decentralized applications. The DappRadar shutdown creates a significant gap in the crypto analytics landscape that other providers will need to fill.

How will the RADAR token be affected?

The upcoming DappRadar shutdown raises important questions about the RADAR token’s future. The platform specifically mentioned that details about the token would follow in separate communications. Token holders should watch for official announcements regarding:

• Token utility and functionality changes
• Potential migration or redemption options
• Governance implications for DAO participants
• Timeline for any transition periods

This aspect of the DappRadar shutdown requires careful attention from investors and community members. The token’s value and utility could see significant changes following the platform’s closure.

What alternatives exist after the DappRadar shutdown?

With the DappRadar shutdown approaching, users need to explore other options. Several platforms offer similar services, though each has unique strengths. The crypto community will likely see increased competition as other providers try to fill the void left by DappRadar’s departure.

The DappRadar shutdown serves as a reminder about the volatility of crypto projects. Even established platforms face challenges in this rapidly evolving space. Users should always diversify their information sources and stay informed about multiple analytics providers.

Final thoughts on the DappRadar shutdown

The DappRadar shutdown marks the end of an era for crypto analytics. This development underscores the importance of sustainable business models in the blockchain space. While disappointing, it also creates opportunities for new platforms to emerge and innovate.

The crypto community will watch closely as details about the DAO and RADAR token emerge. The DappRadar shutdown teaches valuable lessons about project sustainability and the need for diversified data sources in the decentralized ecosystem.

Frequently Asked Questions

When will DappRadar completely shut down?

The exact shutdown date hasn’t been specified, but the announcement indicates operations will cease soon. Users should backup any important data immediately.

What happens to my RADAR tokens?

The platform promised separate announcements about the RADAR token. Holders should monitor official channels for updates about token utility and future plans.

Will historical data remain accessible?

This remains unclear. The announcement didn’t specify if historical data will be preserved or transferred elsewhere.

Are there any similar platforms to use instead?

Yes, several alternatives exist including DeFi Pulse, State of the Dapps, and various blockchain-specific explorers. However, each platform has different focus areas and data coverage.

What caused the financial difficulties?

While not specified in detail, likely factors include reduced crypto market activity, increased competition, and challenges in monetizing data services effectively.

Will the DAO continue operating?

The future of the DAO structure will be addressed in upcoming separate announcements according to the shutdown notice.

Found this analysis helpful? Share this important update about the DappRadar shutdown with fellow crypto enthusiasts on your social media channels. Help others stay informed about this significant development in the blockchain analytics space.

To learn more about the latest cryptocurrency trends, explore our article on key developments shaping blockchain data platforms and their future evolution.

This post DappRadar Shutdown: The Alarming End of a Crypto Data Giant first appeared on BitcoinWorld.

GameFi tokens on the back foot, but Echelon Prime shines with +70% pump.

• GameFi tokens slide, but Echelon Prime shines.
• AlphaTon indirectly strengthens its growing base of games.
• GameFi’s trading volume sinks 9% as degens adopt a wait-and-see strategy.

https://twitter.com/BTSE_Official/status/1995884577274167312

https://twitter.com/TheBlock__/status/1996232063200956754

• Sony Bank is preparing a USD stablecoin that could plug straight into games, anime, and subscriptions across its ecosystem. With a U.S. license application in motion and Bastion powering the back-end, Sony is setting the stage for a new way players pay and spend.

https://twitter.com/CoinMarketCap/status/1995542686233706530

• AlphaTON just filed a $420.69 million shelf registration to fund AI and high-performance computing for Telegram’s Cocoon AI network. The capital will also support acquisitions across the Telegram ecosystem.

The move lays groundwork that could indirectly strengthen TON’s growing base of games, bots, and mini app economies.

https://twitter.com/WuBlockchain/status/1996716528415526937

https://twitter.com/AlphaTONCapital/status/1996582133024829805

GameFi Sector Review

Trading volume took a deeper knock, sliding 9% to $5.54 billion.

The market requires a real catalyst to change the mood. The CMC Crypto Fear & Greed Index slightly improved from 20 to 25 week-on-week, but it remains in the Fear territory.

https://twitter.com/Bitcoinsensus/status/1996915019942945191

Top Gainers

Top Decliners

GameFi moved up one spot on DeFiLlama’s narrative tracker as it climbed from 16th to 15th position week-on-week.

Web3 Gaming News This Week

RealGo Goes Live on BNB Chain

https://twitter.com/BNBCHAIN/status/1995191165679771732

What You Can Do Now

• Use tools like CMC AI to spot early trends and capital rotations.
• Track macro developments to anticipate sentiment shifts.
• Control your entries and avoid FOMO as volatility picks up.

This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.

Crypto markets saw a broad-based pullback after several days of steady gains, with the PayFi sector leading losses at nearly 4%. XRP slid 4.37%, while Bitcoin dipped 1.06% to fall back below $93,000 and Ethereum dropped under $3,200. Despite the overall downturn, a few tokens outperformed: Dash and Ultima climbed over 3% and 5%, respectively; Zcash spiked 10% in the Layer 1 sector; and Merlin Chain surged nearly 10% intraday. Other major sectors, including CeFi, Layer 2, Meme, and DeFi, posted declines, though pockets of strength emerged with OKB, Fartcoin, and MYX Finance recording notable gains. Sector indices reflected the broader cooling, with CeFi, Layer 1, and DeFi indices slipping between 2% and 4.4%.

But what else is happening in crypto news today? Follow our up-to-date live coverage below.

The post [LIVE] Crypto News Today: Latest Updates for Dec. 05, 2025 – Bitcoin Trades Below $93K as PayFi and DeFi Lead Market Declines appeared first on Cryptonews.

Build On Bitcoin (BOB), a Bitcoin Defi crypto token, delivered a dramatic surge today, printing what traders often call a “God candle” after rocketing more than 100% in a day. 

While the rally may seem compelling at first glance, a closer look at the token’s underlying fundamentals raises serious concerns that investors should not ignore.

Build On Bitcoin Presents Concerns

Across social platforms, BOB is being labeled a major “red flag” due to structural risks in its token distribution. Data from Go Plus Security reveals that the top 10 holders control more than 93% of the entire BOB supply. Such extreme concentration is often associated with manipulation risks, where a small number of wallets can dictate market direction.

Sponsored

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Another critical issue is that 100% of BOB’s liquidity pool remains unlocked, exposing the project to potential rug-pull scenarios. When liquidity is not locked, malicious actors can drain the pool instantly, leaving retail traders with worthless tokens. These red flags align with common traits found in scam tokens, making BOB an asset that demands heavy scrutiny before entry.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Technically, BOB’s recent performance looks even more troubling. The Chaikin Money Flow (CMF) indicator shows consistent outflows for several days, signaling that capital is leaving the ecosystem despite the price spike. This divergence suggests the rally is driven mainly by hype and thin liquidity rather than genuine demand.

A 107% daily surge without supportive inflows typically points to speculative behavior that can reverse sharply. The absence of real buying pressure to sustain higher levels increases the probability of a steep correction. Momentum without capital support rarely lasts long in DeFi markets.

BOB Price Dips Sharply

BOB recently hit a new all-time high of $0.0294 during today’s surge before pulling back nearly 15%, highlighting volatility concerns. The token is holding above the $0.0238 support, but the likelihood of maintaining this level is low given the weak fundamentals and speculative nature of the rally.

If sentiment shifts and holders begin exiting, BOB could slide quickly toward $0.0195, with a deeper drop to $0.0146 possible as liquidity dries up. Such levels would erase much of the recent gains.

However, if fundamentals improve and real investor support emerges, BOB might attempt a rebound toward its $0.0294 ATH and potentially break above $0.0320. This would invalidate the bearish outlook.

Citadel Securities stated in a filing today that the SEC should classify DeFi protocols as exchanges after raising concerns over platforms enabling trading of tokenized stocks. According to the document, the firm warned that some decentralized markets allow access to synthetic or mirrored equities without investor protections.

The filing argues that certain DeFi platforms resemble traditional venues by matching buyers and sellers while avoiding regulatory oversight. Citadel noted that this structure could expose retail participants to market manipulation or inaccurate pricing, particularly when synthetic assets mirror stocks that are not registered or supervised. The company also highlighted that these platforms can operate across jurisdictions, making enforcement more difficult and potentially affecting broader market integrity.

Citadel requested that the SEC take additional steps to clarify compliance expectations for platforms that facilitate trading of tokenized or mirrored equities. The firm also asked the agency to evaluate whether these markets should meet the same disclosure and operational standards as registered exchanges. Further updates are expected as the SEC reviews comments and considers rulemaking paths.

Source: Citadel Securities filing

Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.

This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.

From niche digital experiments to mainstream digital assets, NFTs have reshaped the way ownership, creativity, and value are exchanged online. Be it digital art, gaming assets, virtual land, or collectibles, NFTs depend on one very important process known as minting.

Minting means the process of making a digital file into a blockchain-based asset that is unique, verifiable, and tradable.

In this article, we break down what NFT minting really is, how minting works, the cost involved in the process, common risks-including Infinite Approval, a crypto security threat-and how users can mint responsibly. The guide for both beginners and experienced users targets a complete understanding of this fast-evolving landscape.

Understanding NFT Minting: What Does It Really Mean?

NFT minting is a process in which a digital file, such as an image, a video, an audio track, a 3D model, or any other asset, is made into a token recorded on a blockchain.

Once minted:

• The item becomes verifiable and unique.

• It cannot be duplicated or replaced.

• It can be transferred, sold, or traded.

• The history of ownership is open and tamper-proof.

How Minting Works Step-by-Step

While different platforms may vary, the process of minting generally includes the following:

• Create an artwork, music, game asset, or other digital asset.

• Choosing a blockchain: Ethereum, Polygon, Solana, BNB Chain

• Choose an NFT marketplace. Popular ones include OpenSea, Rarible, and Magic Eden.

• Metadata would include one of: name, description, properties, or unlockable content.

• By signing the transaction with your crypto wallet

• Pay for gas fees, if necessary

• Confirm minting and publish the NFT on the blockchain

Why does NFT minting matter? The Big Picture

A new economic frontier has opened up for artists, creators, and collectors due to NFT minting, as it enables digital work to be monetized without the use of gatekeepers like galleries, agencies, or publishers.

Key Benefits of NFT Minting

• Ownership & Scarcity: NFTs represent digital ownership and scarcity provenance.

• Creator Royalties: Artists get royalties by default on secondary sales

• Global Accessibility Anyone who has a wallet can mint and trade NFTs.

• New Business Models: Gaming, virtual worlds, and music industries are adopting NFT-powered ecosystems. 

• Interoperability: NFTs can be utilized across platforms and applications. 

This is the power of minting in authenticating digital items in a world with too many duplicates.

Costs and Requirements before Minting an NFT

Before minting, creators should consider:

1. Gas Fees

Most of the blockchain networks, including Ethereum, would charge some gas fees for conducting transactions. If there is congestion on the network, the fees could increase substantially.

2. Marketplace Fees

Most of them have service fees, about 1–2.5%.

3. Setting Up a Wallet

You will need a secure crypto wallet, such as MetaMask, Coinbase Wallet, or Trust Wallet.

4. File Preparation

Your digital file should be optimized in size and format.

5. Understanding Security Risks

Minting NFTs exposes users to additional risks such as phishing, fake marketplaces, and especially the Infinite Approval security threat in crypto that is oft-overlooked by new users.

Major Security Risks in NFT Minting

While minting now may seem simple, the crypto ecosystem comes with threats that a creator and collector should understand.

1. Phishing and Fake Websites

Scammers create fake interfaces for NFT marketplaces to steal wallet private keys or approvals.

2. Malicious Smart Contracts

Clicking on random minting links can expose your wallet to harmful contracts.

3. The Infinite Approval Problem

One of the most dangerous threats arising in NFT ecosystems is the Infinite Approval-security threat in crypto.

What is Infinite Approval?

Some of these contracts request unlimited access when users give a smart contract permission to “spend” or “access” their tokens. This allows malicious actors to drain the assets at any time, without further permission.

You may inadvertently give unlimited approvals of tokens across marketplaces, if you mint NFTs quite frequently, resulting in severe risks such as the following:

Infinite approval is a sort of security threat in crypto, and it is very common, especially in high-volume minting communities. Thus, always double-check permissions before approving any contract.

How to Mint NFTs Safely: Best Practices for Beginners

Protecting yourself starts with developing smart habits. Here are some of the key tips for safety:

• Always validate marketplace URLs

• Use hardware wallets for high-value NFTs

• Limit the approvals, instead of giving unlimited permissions.

• Remove permissions given to suspicious applications using tools like Revoke.cash or Etherscan Token Approval Checker.

• Do not connect your wallet to unknown websites.

• Reduce exposure by making use of a different wallet for minting.

Checklist Before You Mint

• Do I trust the platform?

• Is the transaction gas fee reasonable?

• Am I giving unlimited spending approval?

• Does this contract come from a real project?

• Did I review wallet permissions?

NFT Minting Models: Which One Should You Choose?

Different minting models serve different creator needs.

1. Traditional Minting

The creators mint instantly after uploading their asset and paying for the gas.

2. Lazy Minting

The NFT is created only when sold, reducing any upfront costs.

3. Batch Minting

Bulk minting: This is when a creator mints several NFTs at once, usually utilized for large collections.

4. Free Minting

Projects either cover gas fees or use gas-efficient blockchains like Polygon.

Each model has an implication for cost, accessibility, and user experience.

What’s Next: The Future of NFT Minting

The NFT landscape is an ever-evolving space; minting gets much easier and greener by the minute.

• Trends to Watch

• Layer-2 solutions that reduce gas fees.

• Dynamic NFTs with upgradable metadata

• Cross-chain minting capabilities 

• AI-generated NFT collections 

• More secure approval systems to minimize the risk of Infinite Approval.

As the field further develops, creators and platforms will increasingly turn their focus to security, sustainability, and user control.

Frequently Asked Questions (FAQs)

1. Is minting an NFT the same as selling it?

No, minting will only create the NFT on the blockchain. Selling it requires a separate transaction.

2. How much does NFT minting cost?

Fees vary according to the blockchains’ transaction fees. Ethereum can be quite expensive, while Polygon and Solana are cheaper.

3. Can someone steal my NFTs after minting?

Yes – through phishing or approving smart contracts in an unsafe way.

The Infinite Approval – security threat in crypto is a key factor to avoid.

4. Do I own the copyright of my NFT once minted?

Not automatically; copyright stays with its creator unless the law explicitly states the contrary.

5. What wallet should I use to mint?

MetaMask is most common, but hardware wallets provide higher security.

Conclusion

NFT minting is more than a technical process; it’s a bridge to a new era of digital ownership, creativity, and economic opportunity. From artists minting collectibles to brands creating immersive digital experiences, the possibilities continue to expand.

However, creators and collectors must keep themselves aware of risks such as Infinite Approval – security threat in crypto, phishing attacks, and unsafe smart contracts.

Chiliz launches SOKAI — a new dApp on Chiliz Chain that turns real-life football training into an AI-powered game experience. Users are invited to join the beta, complete their first challenge, and get involved in building the platform. Participation is available via app.sokai.club.

CHZ Info

Chiliz (CHZ) is a digital currency for sports and entertainment platforms. It was developed by the Socios platform, which aims to provide blockchain-based solutions to the sports industry. Chiliz enables fans to purchase branded Fan Tokens, which gives them the ability to participate in fan-led decisions through a mobile voting platform. By owning Fan Tokens, the fans gain the influence to guide club-specific decisions and earn rewards. For instance, fans can vote on club-specific decisions such as jersey designs, game-day activities, and new signings. The CHZ token is used as the native digital currency on the Socios.com platform.

12/04/2025 – 08:00 AM

Receives 1,918,478.78 KNTQ in the Token Generation Event Airdrop, Plus Right to Earn Additional Yield on 28,888 HYPE Staked by the Company

Partnership with Native Markets to Support Hyperliquid-Aligned USDH Stablecoin Generates Additional Yield for 300,000 HYPE Staked by the Company

Announces 150,000 HYPE purchase resulting in 1,862,195 Gross HYPE Tokens Owned by the Company

LAGUNA HILLS, Calif., Dec. 04, 2025 (GLOBE NEWSWIRE) — Hyperion DeFi, Inc. (NASDAQ: HYPD) (“Hyperion DeFi” or the “Company”), today announced a series of updates demonstrating its ongoing digital asset treasury growth and strong forward momentum across its DeFi strategy, including new yield opportunities, expanded ecosystem partnerships, and additional HYPE accumulation.

“Amidst significant market volatility, Hyperion DeFi continues to execute on the roadmap we presented on Day One: accumulate HYPE, generate income on HYPE, accelerate our DeFi flywheel, and support Hyperliquid’s global adoption,” said Hyunsu Jung, Interim Chief Executive Officer. “We are proud to announce these latest achievements and are grateful for the continued support of our strategic partners. These transactions demonstrate continued growth in our diversified income streams, which go far beyond a simple buy-and-hold digital asset treasury strategy.”

Kinetiq Airdrop and Markets by Kinetiq HYPE Deployment Opportunity

On the Company’s Q3’25 Earnings Call held on November 13, 2025, Hyperion DeFi announced that it held kPoints (“Kinetiq Points”) and anticipated being eligible for the Kinetiq airdrop in Q4’25. Today the Company confirms the receipt of 1,918,478.78 KNTQ through the Kinetiq token generation event on November 27, 2025. While KNTQ’s trading history is new and expected to be volatile, the token’s recorded trading price on the Hyperliquid exchange was $0.145 as of 12:00 AM UTC on December 3, 2025.

In addition, Hyperion DeFi secured the right to stake 28,888 HYPE tokens to Markets by Kinetiq, a decentralized exchange enabled by Hyperliquid’s HIP-3. The Company expects to deploy the HYPE into Markets on December 8th and will earn 10% of the proportional fee revenue generated on market activity.

“Kinetiq was built to bring institutional-grade staking infrastructure and beyond, to Hyperliquid. Seeing early partners like Hyperion DeFi participate so meaningfully in this next phase is an important validation of that mission,” said Justin Greenberg, Co-Founder and Chief Technology Officer of Kinetiq. “Their involvement in kPoints, the KNTQ genesis event and the launch of Markets by Kinetiq, sets a new standard for financial institutions of every kind. As we expand into decentralizing global markets, partners like Hyperion DeFi who understand the long-term importance of fully on-chain and transparent systems play a critical role in accelerating adoption across Wall Street, capital markets, and beyond.”

Partnership with Native Markets

The Company also announced a partnership with Native Markets, Inc. (“Native Markets”), to accelerate the global adoption of Hyperliquid’s native stablecoin, USDH. In this latest partnership, Hyperion DeFi allocated 300,000 HYPE to Native Markets. With a total of 1 million HYPE, Native Markets’ USDH is expected to receive the benefits of aligned quote assets, which include 20% lower taker fees, 50% higher maker rebates, and 20% more volume contribution toward fee tiers for all trading activity on USDH-denominated Hyperliquid markets. These benefits are expected to position USDH for increased adoption as the lowest-cost, most efficient stablecoin option for market participants.

“The launch of USDH on Hyperliquid marks a major milestone for Hyperion DeFi’s mission to advance financial innovation within this ecosystem,” said David Knox, Chief Financial Officer of Hyperion DeFi. “Stablecoins aren’t just another asset class; we believe they are the future of money movement and the connective tissue between digital asset networks and global liquidity. This deal, our third DeFi monetization transaction, advances our broader roadmap to strengthen cross-market liquidity and accelerate Hyperliquid’s position as a premier venue for global access to finance. As with our transactions with Credo and Felix, with this latest Native Markets transaction, we expect to be able to generate returns exceeding traditional staking yields, further accelerating our DeFi flywheel strategy. The transactions we are announcing today reinforce our confidence of 31% to 43% quarter-over-quarter adjusted revenue growth in Q4 and achieving positive operating cash flows in 2026.”

Additional HYPE Purchase

To further Hyperliquid DeFi deployment efforts, the Company has purchased an additional 150,000 HYPE, expanding its total holdings to 1,862,195 HYPE.

About the Hyperliquid Platform and the HYPE Token

Hyperliquid is a next-generation layer one blockchain optimized for high frequency, transparent trading. The blockchain includes fully on-chain perpetual futures and spot order books, with every order, cancel, trade, and liquidation occurring within 70 millisecond block times. It also hosts the HyperEVM, a general-purpose smart contract platform that supports permissionless decentralized financial applications akin to Ethereum.

HYPE is the native token of Hyperliquid. Staked HYPE provides utility for users via reduced trading fees and increased referral bonuses. As of November 2025, more than 35 million HYPE have been autonomously purchased and sequestered by the blockchain with the trading fees generated on the network’s central limit order books.

About Hyperion DeFi, Inc.

Hyperion DeFi, Inc. is the first U.S. publicly listed company building a long-term strategic treasury of HYPE. The Company provides investors with streamlined access to the Hyperliquid ecosystem, one of the fastest growing, highest revenue-generating blockchains in the world. Shareholders benefit from compounding exposure to HYPE, both from its native staking yield and additional revenues generated from its unique on-chain utility.

Hyperion DeFi is also developing its proprietary Optejet User Filled Device that is designed to work with a variety of topical ophthalmic liquids, including artificial tears and lens rewetting products. The Optejet is especially useful in chronic front-of-the-eye diseases due to its ease of use, enhanced safety and tolerability, and potential for superior compliance versus standard eye drops. Together, these benefits may result in higher treatment compliance and better outcomes for patients and providers.

For more information, please visit Hyperiondefi.com or follow @hyperiondefi on X.

About Kinetiq 

Kinetiq is a liquid staking protocol built natively on Hyperliquid to unlock utility, yield, and composability for HYPE. It has rapidly grown to become the leading LST on Hyperliquid with >80% market share, with >$1B in TVL and a modular product suite spanning staking, institutional infrastructure, permissionless exchange deployment, and now its own decentralized exchange powered by Hyperliquid’s HIP-3. 

Created by Kinetiq, Markets is a fully onchain decentralized exchange built on Hyperliquid as a universal, permissionless layer for all asset classes. Markets is powered and co-owned by its community through kmHYPE, the first decentralized exchange Liquid Staking Token (exLST), built on the same battle-tested architecture that secures billions in TVL with Kinetiq’s kHYPE.

To learn more, visit kinetiq.xyz or follow @kinetiq_xyz on X.

About Native Markets 

Native Markets is building $USDH, the Hyperliquid-native stablecoin. Integrated on the Hyperliquid blockchain, Native Markets’ stablecoin enables gas-free payments, unlocks access to noncustodial financial primitives, and offers deep liquidity against existing stablecoins. With USDH’s permissionless design, builders can seamlessly integrate the stablecoin and tap into the vibrant Hyperliquid ecosystem and its network effects.

To learn more, visit nativemarkets.com or follow @nativemarkets on X.

Forward Looking Statements

Except for historical information, all the statements, expectations and assumptions contained in this press release are forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements, our future activities or other future events or conditions, including the viability of, and risks associated with, our cryptocurrency treasury strategy, the growth and revenue potential of the Hyperliquid ecosystem and the growth prospects of the Company. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and in some cases are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in documents which we file with the U.S. Securities and Exchange Commission.

Any forward-looking statements speak only as of the date on which they are made, and except as may be required under applicable securities laws, Hyperion DeFi does not undertake any obligation to update any forward-looking statements.

Certain information contained in this press release relates to or is based on studies, publications, surveys and other data obtained from third-party sources and Hyperion DeFi’s own internal estimates and research. While Hyperion DeFi believes these third-party studies, publications, surveys and other data to be reliable as of the date of this press release, it has not independently verified, and makes no representation as to the adequacy, fairness, accuracy or completeness of, any information obtained from third-party sources. In addition, no independent source has evaluated the reasonableness or accuracy of Hyperion DeFi’s internal estimates or research and no reliance should be made on any information or statements made in this press release relating to or based on such internal estimates and research. You should conduct your own investigation and analysis of Hyperion DeFi, its business, prospects, results of operations and financial condition. In furnishing this information, Hyperion DeFi does not undertake any obligation to provide you with access to any additional information (including forward-looking information and any projections contained herein) or to update or correct the information.

Hyperion DeFi, Inc. Investor Contact:
Jason Assad
Hyperion DeFi, Inc.
IR@hyperiondefi.com
(678) 570-6791

Treasure NFT Withdrawal Update: Dec 5 Final or More Delays in Queue?

The big question shaking the entire community today is simple: Will the Treasure NFT withdrawal update finally stick on December 5, 2025, or will the date shift yet again? After months of delays, changed deadlines, login issues, and rising doubts, the platform’s latest announcement has created both excitement and fear among users.

The team has confirmed that the new Treasure NFT withdrawal date is December 5, with the team saying withdrawals will “officially open” for all holders. The announcement claims that BlackRock’s first round of capital injection will activate the channel, and leaders must urgently notify teams to prepare accounts and return to the system.

Source: X

But the question remains: Is this the final Treasure NFT withdrawal time—or another delay waiting to happen?

Community Fear Grows Despite Treasure NFT Withdrawal Update Today

While the new update sounds confident, the fear inside the community is very real. This is not the first time TreasureNFT has promised a final date. Earlier deadlines included:

After so many shifts, users are unsure whether to trust the platform again. Many fear this could just be another temporary promise the way the Treasure NFT news came today. Yet, the tone from this team feels stronger this time, making it different from previous updates.

To support the process, TreasureFun has rolled out:

• A Tiered Reporting System

• Mandatory submission of UID through Level 4 leaders only

• How to join TreasureNFT Official Group 9

• Alerts for users to fix login issues under the new login system.

The leadership council has also been activated, and Level 4 and above executives have been invited to form a Core Leadership Council for coordinated communication.

Source: X

Treasure NFT New Withdrawal Date: Will It Stay or Shift Again?

The major concern is that if the TreasureNFT withdrawal date shifts again, it could result in a permanent loss of user trust. The community already feels exhausted after waiting for months. The platform knows this, and that’s why the latest announcement sounds far more confident.

However, past patterns cannot be ignored. If the date shifts again, analysts believe the next possible timelines could be: December 25 (Christmas) or January 1, 2026 (New Year).

Both seem like “ideal” delay windows based on previous behaviour.

Still, analysts say the tone of the latest update, the involvement of leaders, and the fresh capital injection claim make December 5 the most serious attempt so far. If successful, this could finally end the long wait for the users, who depend on the RESERVE → TRADE → EARN model for income.

Conclusion

The Treasure NFT withdrawal update brings hope, but doubt remains after multiple delays. If the platform delivers on December 5, it may restore confidence. If it shifts again, the community may not have the patience left. For now, all eyes are on the clock as the project prepares for its most important deadline ever.

Disclaimer: This is for educational purposes only. Always do your own research before any crypto investment.