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Bitcoin has fallen below 87000 for the first time since April, extending a sharp decline triggered by fading expectations of a third U.S. interest rate cut this year. The drop pushed its weekly losses above 13 percent and marked a 31 percent fall from its record high above 126000 in early October. Rapidly rising liquidations across the crypto market reached 933 million in 24 hours, with Bitcoin accounting for 380 million and Ethereum and XRP also posting deeper daily and weekly declines. Broader markets reflected similar pessimism, with major U.S. stock indices sliding more than 1 percent.
Rate cut optimism has deteriorated as traders reassess the Federal Reserve’s December outlook, with most now expecting no change in interest rates. A delayed U.S. jobs report showed stronger-than-expected hiring but offered little clarity, reinforcing the belief that economic conditions are too mixed for the Fed to ease policy. Analysts noted increases in both labor force participation and unemployment, and many now view a December cut as unlikely. Source
India is weighing the introduction of a stablecoin regulatory framework in its upcoming Economic Survey 2025–2026, signalling a shift from its traditionally cautious stance on crypto. The Ministry of Finance is expected to lay out the case for regulating stablecoins, even as the Reserve Bank of India maintains reservations and continues to prioritize the development of a central bank digital currency. RBI Governor Sanjay Malhotra reiterated concerns around crypto risks and emphasized that a working group will ultimately determine how digital assets should be handled in the country.
The RBI downplayed the need to keep pace with stablecoin initiatives abroad, arguing that India already has a strong digital payments ecosystem through platforms such as UPI, NEFT, and RTGS. A move toward stablecoin regulation would represent a major departure from India’s previous reluctance to legitimize cryptocurrencies, potentially boosting adoption and market confidence. Still, senior officials continue to question the value of unbacked digital assets, reflecting an ongoing divide between the government’s emerging openness and the central bank’s scepticism. Source
Record Financial is aiming to overhaul the slow and opaque royalty system that has long frustrated artists by aggregating revenue data in real time and paying creators instantly in USDC over Avalanche. This approach removes traditional intermediaries and months-long delays, giving artists immediate visibility into their earnings through a transparent on-chain ledger. Early adopters like 11am Management, which represents artists such as Armani White and Lil Tjay, are already using the platform to streamline accounting and reduce friction. Backers argue that Avalanche’s speed and low-cost settlement make it well-suited for handling the thousands of micropayments a single track can generate across global platforms.
Supporters believe the model succeeds where earlier blockchain music projects fell short because it is built by founders who understand traditional industry workflows and can bridge Web2 and Web3. Stablecoin infrastructure has also matured, enabling more reliable real-time settlements. The company plans to expand beyond music into film, TV, gaming, and other digital media sectors that face similar issues with fragmented ownership and delayed payments. By extending its system across creative industries, Record Financial hopes to establish a scalable framework for faster, more transparent compensation. Source
Qastle introduces quantum-grade protection to the familiar hot-wallet model at a time when threats from both conventional attacks and emerging quantum capabilities are accelerating. Hot wallets dominate a rapidly growing global market, but their constant internet connectivity and reliance on predictable software randomness leave them exposed to key theft and phishing attempts. Researchers also warn that quantum computing may soon break elliptic-curve cryptography, enabling harvest-now decrypt-later attacks. Qastle addresses these risks by integrating Quantum eMotion’s QRNG2 entropy-as-a-service system, replacing software randomness with quantum-derived entropy for key generation, session handling and signing, while maintaining the seamless user experience hot wallets are known for.
The wallet layers post-quantum cryptography into its communication and signing processes and has already demonstrated its capabilities through the first quantum-secured digital asset transfer on Nov. 1. Backed by the Krown Network, Qastle is undergoing ISO 27001, SOC 2 and AWS Well-Architected assessments and will expand its functionality when the Krown mainnet launches on Jan. 3, enabling staking, validation and onchain transfers. With thousands of downloads across major platforms, the wallet aims to provide everyday users with future-proof protection without requiring them to adopt new habits, linking today’s convenience with security built for tomorrow’s quantum era. Source
Metaplanet, Japan’s largest corporate holder of Bitcoin, is restructuring its capital strategy by issuing two types of preferred shares—Mars and Mercury—to raise additional funds for expanding its Bitcoin reserves. Mars offers a fluctuating dividend rate and is senior to common shares, while Mercury provides a fixed annual dividend of 4.9 percent and can convert to common equity if the stock price surpasses 1000 yen. The company expects to raise 21.2 billion yen from the initial issuance of 23.6 million Mercury shares, positioning the move as a way to reduce dilution from issuing new common shares after its market cap recently dipped below the value of its Bitcoin holdings.
The introduction of preferred shares aligns Metaplanet with firms like Strategy and Strive, which have used similar structures to fund large-scale Bitcoin accumulation. Strategy’s approach has become less profitable amid a steep stock price decline, with its shares trading below the value of its Bitcoin treasury. Metaplanet, meanwhile, holds 30,823 Bitcoin valued at 2.67 billion dollars, slightly less than its 2.81 billion dollar market cap. Despite a six-month slump, Metaplanet’s stock rose 3 percent on Thursday and remains up 11 percent year-to-date as it continues positioning itself as a major Bitcoin treasury player. Source
Coinbase has introduced Ether-backed loans for most US users, allowing individuals to borrow up to 1 million dollars in USDC without selling their ETH. The program runs on Base and is powered by Morpho, giving users access to variable-rate borrowing with liquidation risk tied to market conditions. The exchange also plans to support loans backed by cbETH, expanding its onchain lending ecosystem. Coinbase’s integrated Morpho markets have already processed more than 1.25 billion dollars in loan originations, backed by 1.37 billion dollars in collateral and involving more than 13,500 active borrower wallets.
The company’s pace of expansion has accelerated under the Trump administration’s pro-crypto regulatory shift. Following the GENIUS Act’s establishment of stablecoin rules, Coinbase acquired Echo for 375 million dollars, enabled staking for New York residents and partnered with Citigroup on streamlined fund transfers. It also reopened regulated access to initial token sales in the US with a new ICO platform and is reportedly developing a prediction market in collaboration with Kalshi. Source
Bitcoin and Ethereum have fallen sharply from recent highs, leading predictors on Myriad to shift strongly toward bearish expectations. Bitcoin is now seen as far more likely to hit 85000 before rebounding toward 115000, with bearish odds climbing to 80 percent after a rapid price drop tied to fading hopes of a December rate cut. Ethereum has followed a similar trajectory, sliding below 3000 and prompting markets to give a 70 percent chance that it will fall to 2500 before making any move back toward 4000. Rising liquidations, weakening sentiment and broader macro uncertainty have reinforced these shifts, even as some analysts continue to promote long-term bullish narratives.
Rate expectations are also flipping. Predictors now believe it is increasingly likely that the Federal Reserve will refrain from cutting rates again this year, especially after mixed economic signals and caution from Fed Chair Jerome Powell. Markets on Myriad have doubled their odds in favour of exactly two rate changes in 2025, effectively assuming no December cut, aligning with a similar rise in probabilities against another 25 basis point reduction. With the next FOMC meeting approaching on December 9 and 10, traders are recalibrating across crypto and macro markets as uncertainty takes hold. Source
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Markethive’s internal wallet functions as a secure, integrated financial hub designed to manage diverse activities across its ecosystem. It handles micropayments, subscriptions, staking rewards, product sales, promo code distribution, and loan-related transactions, providing users with organized accounting and full transparency. The platform supports multiple digital assets, including Markethive Credits, ILP tokens, MHV, and its native Hivecoin, all within an infrastructure built around strong encryption, multi-factor authentication, and ongoing security audits. Users can also manage hot and cold crypto storage, meet Solana requirements for blockchain activity, and interact with Bitcoin and Hivecoin through automated features like funding thresholds and one-way transfer protections.
Beyond asset storage, the wallet serves as a gateway to a wide range of Markethive services, including membership upgrades, advertising tools, exchanges, promotional programs, and monetization opportunities. The vault provides centralized access to credits, balances, transaction history, subscriptions, and peer-to-peer transfers at a stable 1:1 credit-to-dollar rate. Promo Codes, including customizable Vanity Promo Codes and Supergroup codes, add powerful marketing and community-building capabilities. By combining decentralized technology, multi-currency support, and advanced security with extensive business tools, the Markethive wallet empowers users to operate independently, protect their assets, and thrive within a growing entrepreneurial ecosystem. Source
A new bill in the US House of Representatives, the Bitcoin for America Act, would allow citizens to pay federal taxes in Bitcoin without triggering capital gains taxes or creating a reportable gain or loss. Introduced by Representative Warren Davidson, the proposal directs all BTC tax payments into the US strategic Bitcoin reserve, enabling the government to accumulate Bitcoin without buying it on the open market. Davidson argues that Bitcoin provides a long-term appreciating asset compared with the inflation-affected US dollar, and early projections suggest meaningful reserve growth if even a small percentage of taxes were paid in BTC.
The proposal follows an executive order signed in March establishing a strategic Bitcoin reserve, which disappointed many Bitcoin supporters because it relied on budget-neutral methods and asset forfeitures rather than recurring market purchases. Critics warn this could incentivize government seizures of BTC, while others view the reserve as a positive step that reduces the risk of a future Bitcoin ban and encourages global adoption. The debate highlights differing views on how the United States should accumulate and manage its crypto holdings as interest in nation-state Bitcoin strategies grows. Source
More than 65 crypto organizations have urged President Donald Trump to use executive authority to accelerate regulatory clarity without waiting for Congress. Their letter outlines steps agencies like the SEC, CFTC, Treasury, and Justice Department can take immediately, including tax guidance treating staking and mining rewards as property taxed only upon disposal, clearer rules for bridging and wrapping transactions, and de minimis exemptions for small crypto purchases. The groups also want interim SEC protections for developers of open, permissionless protocols, reaffirmed FinCEN guidance that non-custodial software is not subject to the Bank Secrecy Act, and the dismissal of criminal charges against Tornado Cash developer Roman Storm on the grounds that publishing open-source code should not be treated as a financial crime.
The appeal comes as the administration weighs major policy shifts, including international crypto tax reporting rules, and as Trump’s CFTC nominee moves toward Senate confirmation. Industry leaders argue that faster administrative action could solidify the United States as a global crypto leader, even as some warn that rushing reforms could create more confusion. The push reflects growing friction over enforcement actions targeting privacy-focused developers and concerns about fragmented oversight if agencies do not act cohesively. Sentiment data shows weak public approval for Trump’s performance, underscoring the political stakes surrounding the administration’s crypto direction. Source
Solana’s newly launched spot ETFs have continued to attract significant investor capital despite the cryptocurrency’s steep price decline. Over 17 consecutive days, the products have accumulated $476 million in net inflows, with Bitwise’s BSOL ETF accounting for 89% of the total. On November 19, BSOL alone received $35 million, marking its third-largest daily intake, while the 21Shares Solana ETF debuted with $100 million in assets under management. Analysts note that spot SOL ETFs collectively have drawn $2 billion, highlighting strong investor interest even amid widespread market fear and volatility.
Despite these inflows, SOL’s price faces mounting selling pressure, particularly near the $140 resistance level. Futures data shows a lack of fresh long positions during rallies and an increase in short-leaning positions near resistance, while cumulative volume delta indicates consistent net selling from both spot and derivatives traders. Elevated funding rates suggest crowded leveraged longs vulnerable to further downside, with technical analysis pointing to a potential retest of $120 if $140 is not reclaimed. Until bulls regain control above $140, sellers are likely to dominate the market, keeping SOL under pressure despite strong ETF demand. Source
The US Securities and Exchange Commission’s Crypto Task Force will host a roundtable on December 15 focused on privacy and financial surveillance, bringing together crypto industry executives and SEC officials to discuss common challenges and potential solutions. No formal policy proposals will be issued, but the discussion reflects a renewed emphasis on privacy within the cryptocurrency sector, driven by recent legal developments and rising interest in privacy-preserving technologies. Privacy tokens like Zcash have seen notable price rallies in recent months, and industry leaders highlight the importance of protecting secure communication channels and individual financial privacy.
Heightened concern stems from precedent-setting cases such as the partial guilty verdict against Tornado Cash developer Roman Storm and the sentencing of Samourai Wallet developers, which some experts argue could discourage the creation of privacy-focused tools. Advocates stress that developers should not be held responsible for how others use their open-source software, emphasizing the need for clear legal boundaries. The Department of Justice has signaled a more permissive approach, stating that writing code without malicious intent should not be considered a crime, aiming to provide clarity for innovators in the privacy technology space. Source
Bitcoin fell sharply alongside major US equities as a tech-driven sell-off and concerns over AI spending and Federal Reserve policy weighed on markets. The Nasdaq experienced a 4% intraday drop despite strong earnings from companies like Nvidia, and Bitcoin fell below $86,000 for the first time since April. Investor fears over excessive valuations in AI and Big Tech, combined with renewed caution around potential Fed interest-rate cuts, drove Bitcoin’s correlation with the Nasdaq to a six-month high of 80%. Despite these declines, some investors, including Ray Dalio, advise diversification into scarce assets such as gold rather than anticipating an immediate market crash.
Economic data and corporate developments added complexity to the market outlook. Strong nonfarm payrolls for September and mixed signals from FOMC minutes tempered expectations for near-term rate cuts, while Walmart’s earnings surprised positively. Analysts warned that heavy debt-financed spending on AI infrastructure, such as data centers, could create future risks despite current profitability. Bitcoin traders remain cautious below $90,000, with many waiting for clearer macroeconomic signals, even as potential liquidity improvements and policy proposals like President Trump’s tariff-focused stimulus could provide support in the medium term. Source
A broad-based sell-off in the U.S. stock market triggered a sharp drop in crypto markets, pushing investor sentiment into “extreme fear.” The S&P 500 fell nearly 4%, wiping out more than $2.7 trillion in market capitalization, while Bitcoin extended losses to around $85,000, its lowest level in seven months. Crypto liquidations spiked to $829 million, dragging the sector’s total market cap toward $3 trillion. Analysts attribute the sell-off to a combination of widening credit spreads, diminishing expectations for a December Fed rate cut, macroeconomic uncertainty, and technical market dynamics, with fear and liquidity shifts amplifying downward pressure across risk assets.
Despite the market turbulence, some stabilization signs emerged as U.S. spot Bitcoin ETFs recorded $75.47 million in net inflows, led by BlackRock’s IBIT. Experts caution, however, that sentiment remains fragile, and ongoing macro risks, including private credit concerns and economic data releases, may continue to influence crypto volatility. While the likelihood of a December rate cut has fallen to 35%, any future easing could provide relief for risk assets. For now, the combination of technical adjustments, uncertainty, and year-end portfolio flows is expected to keep markets choppy, with both retail and institutional investors responding swiftly to reduce exposure amid heightened fear. Source
Plume’s CEO Chris Yin predicts that the real-world asset (RWA) market could grow three to five times in 2026 as it expands beyond crypto-native use cases. Currently valued at over $35 billion onchain across more than 539,000 holders, the market has largely focused on US treasury bills, but interest is rising in private credit and alternative assets such as mineral rights, oil, GPUs, and energy. Yin expects that regulatory developments in countries like the U.S., including legislation around stablecoins and tokenized assets, will help drive broader adoption and bring demand onto blockchain networks, extending beyond simple issuance to active usage.
Plume recently partnered with Securitize, a tokenization platform backed by BlackRock and Morgan Stanley, to deploy institutional-grade assets on its Nest staking protocol, connecting Securitize’s tokenized funds to Plume’s network of over 280,000 RWA holders. The collaboration will initially involve Hamilton Lane funds, followed by additional issuers and asset classes in 2026. While Plume does not rank in the top ten networks by total RWA value, it has a substantial share of users, each holding smaller individual positions, representing a strong measure of network engagement and usage. Source
Digital asset treasury companies could face significant selling pressure if the MSCI index decides to exclude firms holding more than 50% of their assets in crypto, according to analysts. The index is consulting with investors through December 31, with a decision expected by January 15 and changes potentially taking effect in February. A preliminary list includes 38 crypto-heavy companies, such as MicroStrategy, Sharplink Gaming, Riot Platforms, and Marathon Digital Holdings. Exclusion would require index-tracking funds to divest, creating immediate pressure on affected companies, while reflecting MSCI’s approach of prioritizing predictable business fundamentals over balance-sheet asset concentration.
Analysts note that this move signals a shift toward stricter standards from major index providers, moving away from the prior “everything is adoption” approach that celebrated crypto-heavy corporate strategies. While it is unclear if other index providers will follow suit, clearer classification rules could ultimately strengthen institutional confidence by reducing uncertainty around treasury management and investor expectations. Despite potential short-term impacts, firms and investors would benefit from well-defined frameworks that clarify how crypto holdings are treated within equity indexes. 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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