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Bitcoin rebounded sharply from its brief drop to $84,500, climbing past $92,000 and touching $93,040 as analysts pointed to renewed momentum and the potential for a move toward $100,000. Michaël van de Poppe highlighted the importance of reclaiming the $92,000 level, suggesting that breaking through it could open the door to new all-time highs. He noted that the magnitude of Bitcoin’s recent decline resembled or exceeded past major market shocks, indicating a possible final shakeout before further upside. The recovery erased losses from Sunday’s leverage flush that had temporarily shaved $8,000 off the price.
Analysts also pointed to macroeconomic conditions as supportive, with expectations of renewed Fed rate-cut potential and returning ETF inflows helping fuel confidence that six-figure prices could be achieved in the coming months. A key support zone between $86,000 and $88,000 has held firm through repeated tests, and maintaining this range is seen as essential for preserving bullish structure. A breakdown would shift market behaviour from accumulation to distribution, but Bitcoin’s ability to trade well above that zone has reduced selling pressure and improved sentiment as it stabilizes around $92,700. Source
XRP and Solana rebounded on Tuesday as new leveraged ETFs tied to both assets launched on the CBOE. REX Shares and Tuttle Capital Management introduced 2X long daily ETFs designed to amplify short-term price movements, joining a rapidly expanding suite of crypto-focused funds. These products offer traders leveraged exposure through traditional brokerage accounts, adding to over 30 similar ETFs now available. The launches coincided with an upswing in both tokens, with XRP rising to $2.17 and Solana climbing to $139.56 after a period of market weakness.
The renewed inflows follow growing investor interest as more products dedicated to XRP and Solana appear, including spot ETFs and funds offering staking rewards. Recent data shows strong investment activity, with XRP and Solana products taking in $289 million and $4.4 million last week, contributing to substantial year-to-date totals. Despite the momentum, most prediction market participants do not expect Solana to reach a new high before year-end. The broader crypto market also saw gains, with Bitcoin trading above $90,000 as activity increased across major digital assets. Source
Trust Wallet has introduced a new feature called Predictions, allowing users to trade outcomes on real-world events directly within the self-custodial wallet. The rollout begins with integration of the Myriad prediction market protocol, with Kalshi and Polymarket set to join soon. Predictions aggregates markets across platforms, giving users access to topics spanning crypto, politics, sports, entertainment and global events. Myriad, launched in March, has quickly grown to $100 million in cumulative volume, though major competitors like Kalshi, Opinion and Polymarket each see far larger daily volumes.
The expansion into prediction markets aligns with Trust Wallet’s broader strategy of unifying diverse trading tools in one interface, following its launch of tokenized stocks with Ondo Finance in September. The move reflects a growing trend as other major wallets, such as MetaMask, integrate prediction markets to streamline user access. Trust Wallet’s leadership emphasized the goal of reducing friction by letting users trade tokens, information and expectations in a single place, while noting that each prediction platform’s geographic restrictions will remain enforced. Source
Bank of America is preparing to let its wealth management clients allocate up to 4% of their portfolios to cryptocurrencies starting next year, expanding access across Merrill, Bank of America Private Bank and Merrill Edge. Chris Hyzy, the bank’s chief investment officer, framed a 1% to 4% allocation as modest, suggesting that conservative investors may target the lower end while high-risk investors could consider the full amount. Until now, crypto exposure was available only by request, leaving thousands of advisors without the ability to recommend digital asset products. The change accompanies renewed market momentum, with Bitcoin recently rebounding toward $91,600 despite remaining below its October peak.
Beginning January 5, clients will also gain coverage of Bitcoin ETFs from major issuers including Bitwise, Fidelity, Grayscale and BlackRock, further integrating digital assets into traditional portfolios. Other major firms are making similar moves, with Vanguard preparing to allow access to crypto-focused ETFs and mutual funds and Fidelity previously suggesting small but meaningful allocations to Bitcoin. The shift underscores growing institutional acceptance of digital assets as part of long-term wealth strategies. Source
Unlimit has introduced a non-custodial platform that acts as a clearinghouse for major stablecoins, combining decentralized exchange mechanics with its global payments network to streamline swaps and off-ramps. The service aims to reduce fragmentation by offering gasless, zero-commission stablecoin conversions through one interface and supports direct cash-outs in more than 150 currencies. Unlimit positions the platform as a bridge between decentralized finance and traditional financial rails, citing the growing use of stablecoins as a digital extension of the US dollar.
The launch comes as global fintechs deepen their involvement in the stablecoin sector. Stripe now offers stablecoin-based accounts in over 100 countries, Revolut enables large monthly stablecoin-fiat conversions with no fees, and Block is adding stablecoin transfers to Cash App. Major payment networks are expanding as well, with Visa integrating stablecoins across multiple blockchains and Mastercard enabling near real-time payouts to stablecoin wallets. The broader stablecoin market has grown to roughly 306.8 billion dollars, underscoring rising demand across both crypto and traditional payment ecosystems. Source
Ethereum’s Fusaka upgrade is set to overhaul how the network gathers and verifies data from layer-2 systems, with developers expecting major improvements in efficiency, scalability, and long-term resilience. By implementing PeerDAS, the network shifts from a basic data availability model to a sampling-based approach, enabling significantly more blob space per block and lowering rollup costs. This follows earlier upgrades like Pectra and Dencun, which introduced blobs and improved validator economics, and continues Ethereum’s progression toward more capable and decentralized infrastructure.
With blob capacity projected to increase up to eightfold, Fusaka is expected to make rollups faster, cheaper, and more interoperable, helping them function as a unified ecosystem under Ethereum’s security. Builders view the upgrade as a critical step toward Ethereum’s vision of a scalable world computer, with Vitalik Buterin calling PeerDAS unprecedented for both layer-2 and future layer-1 scaling. Looking ahead, the next major update, Glamsterdam, is planned for 2026 and will further expand scaling and blob functionality. Source
Taurus has partnered with Everstake to integrate institutional-grade staking directly into its regulated custody infrastructure, allowing banks and institutional clients to delegate assets like Solana, Near, Cardano, and Tezos without relinquishing control of their private keys. Everstake brings validator support across more than 80 proof-of-stake networks and roughly 7 billion dollars in staked assets, while Taurus continues expanding its global footprint after recent moves such as its tokenization partnership with Parfin.
The integration reflects accelerating institutional adoption of staking as it becomes embedded in regulated financial workflows rather than limited to decentralized finance platforms. Major players are broadening their offerings, with Lido adding customizable institutional staking vaults, Coinbase expanding staking options through Figment, and Anchorage Digital extending support for multiple networks through its bank and international entities. The trend underscores growing demand for compliant staking pathways paired with secure custody as institutions seek yield generation across diverse proof-of-stake ecosystems. Source
Kraken is acquiring Backed Finance to deepen its push into tokenized assets and accelerate the adoption of xStocks, which bring traditional securities onto blockchains for programmable, around-the-clock trading. The companies have already collaborated to offer tokenized stocks and ETFs on networks like Ethereum and Solana, and Kraken’s leadership framed the deal as a way to unify issuance, trading, and settlement under a single infrastructure. By integrating Backed’s platform, Kraken aims to build a more transparent and globally accessible framework for tokenized markets.
The purchase adds to Kraken’s rapid expansion ahead of a planned public listing, following acquisitions of NinjaTrader for 1.5 billion dollars and the proprietary trading platform Breakout earlier in the year. The exchange sees tokenization as central to modernizing market architecture, contrasting current financial systems with outdated mid-20th-century infrastructure. Growing interest from major asset managers such as BlackRock and Franklin Templeton underscores the broader shift, as traditional finance increasingly experiments with on-chain representations of real-world assets. Source
Launching a successful startup begins with a solid strategic foundation, thoughtful funding choices, and a deep understanding of the target market. Entrepreneurs must define a clear mission, craft a compelling value proposition, and build a business model that outlines how value will be created and sustained. Careful goal setting and competitive analysis help ensure that the idea is both feasible and defensible. Securing the right mix of funding while maintaining ownership requires assessing financial needs, evaluating funding options, and choosing investors whose visions align with the company’s long-term goals. Understanding the market through research, buyer personas, and competitive insights enables founders to position their offerings effectively, while strong buzz-building efforts—including online engagement, media outreach, and strategic storytelling—help generate early momentum.
A high-performing team is essential, and founders must hire strategically, nurture a collaborative culture, and empower individuals to contribute meaningfully. Five core pillars support the entire journey: strategic planning as a dynamic compass, a powerful team as the engine of innovation, disciplined financial management to guide growth, authentic customer relationships to drive product evolution, and wise investments that offer both capital and strategic value. The path is demanding and filled with challenges, but determination, resilience, and mastery of these interconnected steps and pillars greatly increase the odds of building a company that endures and makes a meaningful impact. Read the full article
Kalshi raised $1 billion in a Series E round led by Paradigm, doubling its valuation to $11 billion just weeks after a previous $300 million round. The company says the surge in prediction market adoption has fueled rapid growth, with trading volumes increasing 1000 percent since 2024 and now exceeding $1 billion per week. The new funding will be used to expand brokerage integrations, partner with news outlets, and broaden Kalshi’s market offerings as it positions itself as a data-driven alternative for understanding real-world events.
November marked Kalshi’s strongest month ever, with $4.54 billion in trading volume, narrowly surpassing October’s record and outpacing rival Polymarket, which hit $3.76 billion. Both platforms have benefited from integrations across major tech and crypto ecosystems, including Google’s addition of their odds to search results and Coinbase’s work on a Kalshi-powered prediction market site. Polymarket is also pursuing a major raise that could value it as high as $15 billion, highlighting surging institutional interest in prediction markets overall. Source
Grayscale launched its Grayscale Chainlink Trust ETF (GLNK) on NYSE Arca, marking the first U.S. spot Chainlink exchange-traded product. The ETF converts the previous private trust into a fund holding Chainlink’s native cryptocurrency, LINK, as its sole asset. The launch relied on SEC guidance issued during the recent government shutdown and followed a similar conversion pathway to Grayscale’s DOGE and XRP ETFs. The firm highlighted that Chainlink was a natural choice for an ETF due to its longstanding support of the oracle network and its role as a critical infrastructure layer for blockchain data and smart contracts.
GLNK saw strong first-day trading, with 1.17 million shares changing hands, far surpassing its typical average of 42,000 and closing at $11.89 before after-hours trading pushed it to around $12. The high volume reflected broad investor interest and active price discovery as the product transitioned from OTC markets to NYSE Arca. Grayscale reported enthusiasm from a diverse range of investors and expects the ETF to provide greater access to blockchain oracle infrastructure, following SEC-approved listing standards that facilitated the product’s launch despite the procedural challenges caused by the shutdown. Source
Prediction market odds for Kevin Hassett becoming the next chair of the US Federal Reserve jumped after President Donald Trump referred to Hassett as a “potential Fed chair” during a White House event. The remarks followed an earlier statement in which Trump said the selection had been narrowed to one candidate. On platforms like Kalshi, the odds for Hassett’s nomination rose to 85% from around 66%, with similar patterns on Polymarket. Hassett, currently the director of the National Economic Council, has a reputation for being crypto-friendly and holds a $1 million stake in Coinbase, having overseen the government’s digital asset working group since January 2025.
Hassett’s potential nomination is significant for both financial markets and the crypto sector, as Fed policies influence interest rates, liquidity, and market sentiment. Treasury Secretary Scott Bessent is leading the search for a new chair, with the government reportedly seeking someone to guide the Fed more quietly behind the scenes. Hassett has previously criticized the Fed’s rate policy as overly high, and a shift under his leadership could impact both traditional markets and the operational environment for crypto firms that rely on banking relationships and monetary stability. Source
U.S. authorities seized the domain tickmilleas.com, operated from the Tai Chang compound in Burma, which was used to present fake trading balances and defraud victims. The move comes as part of a broader crackdown on Southeast Asian crypto scams, following sanctions on Cambodia’s Huione Group that forced it to shut branches and freeze withdrawals. The FBI alerted major tech platforms, prompting Google, Apple, and Meta to remove associated apps and thousands of linked social media accounts. Officials have tied the compound to organized crime networks and a growing industry of “compound scams,” where trafficked or coerced workers run online fraud operations.
The crackdown highlights the scale of crypto-related fraud in the region, with Cambodia’s industrialized scam economy estimated at $19 billion annually. DOJ prosecutors have already seized other domains linked to the Tai Chang compound, and reports indicate that trafficked victims are forced into schemes ranging from romance and voice phishing scams to cryptocurrency investment fraud. The seizure and sanctions reflect intensified U.S. and international efforts to disrupt illicit crypto networks and cut off their access to global banking and digital platforms. Source
The UK has passed the Property (Digital Assets etc) Bill into law, formally recognizing cryptocurrencies and other digital assets as property. The law codifies principles that UK courts had previously applied case by case, giving digital assets clear legal footing for ownership, recovery of stolen assets, and treatment in insolvency or estate cases. The move follows a 2024 Law Commission recommendation and is hailed by advocates as a major step forward for crypto users, ensuring that digital assets are fully integrated into existing property rights frameworks.
By defining digital or electronic “things” as objects of personal property rights, the law clarifies that crypto can be treated alongside tangible and intangible assets. This provides greater certainty for consumers and investors, enabling clearer ownership, transfer, and legal protections. Coupled with the UK’s plans for a regulatory regime for crypto businesses, the legislation positions the country to support new financial products, tokenized real-world assets, and more secure digital markets, while bolstering consumer protections in the growing crypto sector. Source
Large Ethereum holders have resumed significant purchases this week as cryptocurrency prices recover from earlier losses. One major wallet acquired 18,345 ETH worth approximately $55 million from BitGo on Tuesday, followed by another purchase of 4,597 ETH valued at $13 million from Binance on Wednesday. A third large holder bought 30,278 ETH worth $91.16 million from Kraken shortly after. These buying activities coincided with an 8% surge in Ethereum over the past 24 hours, alongside notable gains in Bitcoin and Solana, reflecting a broader market rebound after more than $600 million in long liquidations earlier in the week.
Derivatives data indicate increased taker buy volume and higher perpetual cumulative volume delta alongside rising open interest, signaling renewed investor appetite for leveraged long positions. Analysts suggest that institutional investors may continue acquiring discounted Ethereum if market prices remain favorable. Experts also note that the correction may have reached its end, with macroeconomic factors expected to support Ethereum’s upward movement, reinforcing optimism in the market. Source
Digital asset treasury stocks surged as markets rebounded from early December sell-offs, with Ether-focused firms posting the strongest gains. Nasdaq-listed EthZilla climbed 12.35% to $10.80 in after-hours trading, while BitMine, one of the world’s largest Ether treasuries, saw its stock rise 10.26% to $32.40, reflecting a more than 650% increase since it revealed its Ether strategy in June. Other notable performers included Thumzup Media Corp, which gained 13.25% on the day. The recovery highlights investor confidence in digital asset treasury stocks following recent market turbulence.
Altcoin treasury firms generally outperformed their Bitcoin counterparts, with GD Culture Group up 11.4%, Solana treasury HSDT gaining 9.36%, and Sui Group Holdings rising 7.7%. Bitcoin-focused treasury stocks like Michael Saylor’s Strategy recorded smaller gains, up 5.78% with shares hitting $188 intraday, though still down 37.4% for the year. Reports suggest BitMine has been buying additional Ether during the recent dip, acquiring over 25,000 ETH valued at nearly $75 million across Monday and Tuesday, coinciding with Ether prices rebounding to a five-day high of $3,060. Source
Anthropic has begun preliminary preparations for a potential public offering, engaging long-time adviser Wilson Sonsini while holding informal discussions with major banks. The AI company is also pursuing a private funding round that could lift its valuation above $300 billion, building on at least $15 billion in early commitments from investors including Microsoft and Nvidia. Sources suggest a 2026 listing is possible, though some caution it may not materialize. The move comes as Anthropic completes upgrades to its AI models, positioning the company alongside other leading AI labs while still navigating the challenges of capital-intensive growth.
A 2026 IPO could heighten competition among major AI firms and formalize public market valuations for frontier AI development. Analysts note that public market expectations may accelerate growth-focused decisions, potentially affecting data quality, safety, and long-term infrastructure. While the IPO could provide significant capital and visibility, experts warn that it might also concentrate power among a few dominant players and influence the distribution of value in the AI ecosystem, highlighting the need for balanced growth and recognition of contributors. Source
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
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