The European Union is moving towards centralizing the regulation of cryptocurrency businesses within its borders, aiming to streamline oversight and enhance security. This initiative reflects the EU's commitment to creating a more cohesive regulatory environment for digital assets. Meanwhile, Kraken's co-CEOs have stated that the company is in no hurry to go public in the U.S., emphasizing a focus on growth and stability over immediate IPO plans. This comes as the U.S. Bureau of Labor Statistics faced challenges in fully collecting October's Consumer Price Index data. In other news, Alibaba's cross-border division is set to launch an AI subscription service and a stablecoin-like payment system, expanding its technological and financial offerings. Additionally, Ethereum treasury firm BitMine has appointed a new CEO, while Tom Lee will continue as board chair.