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The Federal Reserve’s decision to end its quantitative tightening program has placed Bitcoin at a key liquidity crossroads, sparking debate over whether this shift will fuel another bull run or trigger short-term turbulence similar to 2019. Analysts note that while the move historically introduces volatility, it also tends to channel capital into higher-yielding risk assets as financial conditions ease. Despite recent ETF outflows and cautious market sentiment, experts emphasize that today’s environment differs sharply from 2019, with higher interest rates, stronger institutional participation, and Bitcoin playing a more central role in global liquidity flows.
Market observers point to elevated U.S. interest rates, political uncertainty, and upcoming leadership changes at the Federal Reserve as factors that could accelerate easing and benefit Bitcoin holders. While short-term corrections of up to 15% remain possible due to geopolitical pressures and investor caution, the broader outlook is bullish, with analysts predicting that looser monetary policy could lift Bitcoin out of its $105,000–$115,000 range. If macroeconomic and geopolitical conditions align, projections suggest Bitcoin could reach $200,000 by the third quarter of 2026, marking a significant milestone for the maturing crypto market. Source
The United Kingdom’s decision to lift its 2021 ban on retail access to crypto exchange-traded notes (ETNs) has triggered fierce competition among issuers, who are slashing fees to unprecedented lows in a bid to attract investors. Bitcoin and Ethereum ETNs from major providers like 21Shares, Fidelity, and CoinShares have seen management fees reduced to between 0% and 0.25%, compared to older products still charging up to 2.5%. This rapid fee compression marks an intense fight for market dominance following the Financial Conduct Authority’s policy reversal, which took effect on October 8 and reopened the crypto ETN market to a broader audience of retail investors.
The move forms part of a wider regulatory shift aimed at revitalizing the UK’s lagging crypto sector, as the country seeks to regain competitiveness in digital asset adoption. Amid debate over stablecoin regulation, the Bank of England has shown signs of easing its previously hardline stance, with Governor Andrew Bailey acknowledging the technology’s potential benefits for innovation and financial integration. Analysts suggest that the combination of fee competition and a more balanced regulatory environment could help reestablish the UK as a leading hub for digital finance, narrowing the gap with the United States. Source
Ethereum developers have confirmed December 3 as the official launch date for the long-awaited Fusaka upgrade, following a successful final testnet. The update introduces PeerDAS, a new data-sampling system designed to significantly boost the efficiency of layer-2 transactions by expanding blob space in each block. This change builds upon the earlier Dencun upgrade, which first enabled temporary layer-2 data storage through “blobs,” reducing gas fees and transaction times. Developers expect Fusaka to make transactions on layer-2 networks dramatically faster and cheaper, advancing Ethereum’s scalability goals.
The introduction of PeerDAS marks a pivotal step in Ethereum’s broader roadmap toward global, low-cost adoption. Originally scheduled for a later release, PeerDAS was postponed to ensure rigorous testing before integration into Fusaka. Ethereum co-founder Vitalik Buterin has described the feature as essential for enabling mass scalability, allowing the network to process far greater volumes of transactions at near-zero cost. While market reactions remain uncertain—ETH currently trades around $3,760, down about 2.3% this week—analysts and community members alike see the Fusaka upgrade as a milestone that could strengthen Ethereum’s position as the leading blockchain for decentralized applications. Source
Decentralized exchange DYdX is preparing to enter the United States market, with company president Eddie Zhang reportedly indicating the move will happen by the end of 2025. As part of this expansion, the platform plans to broaden its offerings beyond its current speciality of perpetual futures trading to include spot trading for cryptocurrencies like Solana. Zhang cited the increasingly favourable regulatory climate under US President Donald Trump as a driving factor for the move, expressing hope that regulatory bodies would soon provide clearer guidance for perpetual contracts. This optimism comes after the Securities and Exchange Commission and the Commodity Futures Trading Commission announced in September that they would consider allowing perpetual contracts for US traders.
In other news related to the platform, the decentralized exchange recently announced an open governance vote to address an eight-hour operational pause that occurred during a market crash in early October. The proposal seeks to compensate users affected by the outage with a total of $462,000 to be drawn from the protocol’s insurance fund. This announcement comes as the price of DYdX's native token, DYDX, has seen a significant decline, reportedly falling by about 50% in the 30 days leading up to the report, moving from $0.60 to $0.30. Source
Western Union has announced plans to launch a new US dollar–pegged stablecoin called the U.S. Dollar Payment Token (USDPT), which will be built on the Solana blockchain and issued by Anchorage Digital Bank. The initiative represents the company’s first major step into the digital asset space, aimed at integrating blockchain technology with its global money transfer network. Alongside USDPT, Western Union is introducing a Digital Asset Network designed to bridge digital and traditional currencies, offering customers, agents, and partners expanded options for sending, receiving, spending, and holding funds.
According to President and CEO Devin McGranahan, USDPT will enable Western Union to participate directly in the stablecoin economy while maintaining its focus on accessible financial services. The new Digital Asset Network will also serve as a cash off-ramp solution through partnerships with wallets and wallet providers, improving access for users across Western Union’s global footprint. The stablecoin is expected to become available in the first half of 2026 via partner exchanges, marking a significant evolution in the company’s operations, which currently support cross-border transfers in more than 200 countries and over 130 currencies. Source
Prediction markets on Myriad have reflected growing uncertainty across both crypto and political spheres, with traders turning bearish on Bitcoin and expecting the ongoing U.S. government shutdown to become the longest in history. Bitcoin’s price has fluctuated around $107,000 as odds of the next move being toward $120,000 dropped sharply from 75% to 43%, mirroring market volatility triggered by Federal Reserve comments hinting at uncertainty over rate cuts. Despite Bitcoin holding above $100,000 following major liquidations earlier this month, traders are bracing for further contraction amid a tightening liquidity cycle. Meanwhile, on Myriad, predictors now give 83% odds that the current government shutdown will surpass the 35-day record from President Trump’s first term, as Congress remains deadlocked over a resolution.
In the altcoin markets, Myriad users are betting that BNB’s market capitalization will remain higher than XRP’s, with odds flipping in BNB’s favour to 57% following stronger performance despite broader market weakness. Another active market tracks stablecoin growth, where predictors are split on whether the total cap will exceed $360 billion before February, with current odds hovering near 53% as growth slows. Analysts remain optimistic about long-term expansion, with some projecting stablecoins could eventually reach a $2 trillion market cap. Overall, Myriad’s prediction trends underscore how macroeconomic pressure and policy uncertainty continue to weigh heavily on crypto sentiment heading into the end of 2025. Source
Coinbase reported strong third-quarter results with $432.6 million in net income and $1.9 billion in revenue, marking a 55% increase from the previous year. The company’s Bitcoin holdings grew by 2,772 BTC to a total of 14,548 BTC, valued at approximately $1.57 billion. Transaction revenue rose to $1.05 billion, while subscription and service income, which includes stablecoin revenue and blockchain rewards, increased 34.3% year-on-year to $746.7 million. Coinbase attributed its performance to broader institutional activity and continued progress toward its goal of becoming an “Everything Exchange” — a platform offering a wide range of digital assets and financial products.
The exchange’s Everything Exchange initiative includes expanding its spot and derivatives offerings, advancing USDC adoption through its partnership with Circle, and exploring tokenized stocks, prediction markets, and early-stage token launches. Institutional clients continued to drive activity, accounting for 80% of Coinbase’s $295 billion trading volume, with assets under custody surpassing $300 billion. Adoption on Coinbase’s Ethereum layer-2 network Base also accelerated, with growing use across payments, lending, and social applications. Following the earnings release, Coinbase shares rose 2.84% in after-hours trading, signalling investor confidence in the company’s diversification strategy and long-term Bitcoin positioning. Source
Markethive Supergroups serve as a dynamic and integrated solution for entrepreneurs and businesses seeking to expand their reach, streamline marketing campaigns, and build thriving online communities. Acting as customizable e-commerce storefronts, these supergroups connect marketing automation, lead generation, and content collaboration within one unified environment. They include powerful tools for campaign management, email marketing, social media engagement, and analytics, allowing businesses to track performance and make data-driven improvements. Features such as team collaboration reports, group rotators, and cooperative advertising make it easier for members to work collectively while maintaining visibility into each participant’s contributions and outcomes.
Beyond basic marketing functions, Supergroups elevate the customer journey by transforming how leads are captured, nurtured, and converted. Integrated features like personalized capture pages, promo code incentives, and token rewards enhance engagement and ensure verified, high-quality leads. The referral and co-op advertising systems empower both group owners and members to benefit from shared growth, while tools such as vendor management, keyword tracking, backlink verification, and website rotators optimize every stage of a campaign. Together, these elements create a comprehensive ecosystem where collaboration, automation, and monetization converge to maximize marketing effectiveness and business success. Source
Tether Gold, the digital asset backed by physical gold, has surpassed a market value of $2.1 billion, reinforcing its status as the leading tokenized gold asset. By the end of the third quarter, XAUT’s market capitalization reached $1.44 billion before climbing further to nearly $2.1 billion the following week. Managed by TG Commodities S.A. de C.V. in El Salvador, the token is backed by 375,572.297 fine troy ounces of physical gold, supporting an equal number of tokens in circulation. The gold reserves, totaling over 11.6 tons, are securely stored in Switzerland under London Good Delivery standards, ensuring the token’s value is directly linked to tangible assets.
The surge in Tether Gold’s market value coincides with rising gold prices, driven by ongoing inflation and geopolitical tensions in 2025. Gold peaked at $4,379 per troy ounce in mid-October before slightly pulling back to $3,952, still representing a 42.42% increase year-to-date and a 3.10% gain over the past month. This performance highlights growing institutional interest in tokenized assets and the appeal of combining physical security with digital ownership, positioning XAUT as a prominent example of the future of on-chain asset management. Source
Core Scientific shareholders have voted against a proposed $9 billion all-stock merger with AI computing company CoreWeave, ending a deal first announced in July. The agreement would have allowed CoreWeave to acquire Core Scientific and gain access to 1.3 gigawatts of power across the miner’s national data center footprint, with potential expansion of an additional 1 gigawatt. Following the vote, CoreWeave’s shares fell nearly 4%, while Core Scientific’s stock rose slightly. Both companies expressed continued mutual respect and intention to maintain their commercial partnership despite the deal’s rejection.
Investors reportedly viewed the merger as undervaluing Core Scientific amid increasing operational challenges in Bitcoin mining. Mining has become more expensive and less profitable since last year’s halving, leading companies to diversify into other sectors, such as AI-focused high-performance computing. However, branching into AI data centers presents technical complexities, including advanced heating, ventilation, and cooling requirements beyond standard Bitcoin mining operations. These factors contributed to shareholders’ decision to reject the merger, reflecting cautious sentiment about large-scale diversification and valuation concerns. Source
Bitwise’s chief investment officer, Matt Hougan, expressed a bullish outlook on the layer-1 blockchain Solana, highlighting two factors that make it a compelling investment. He believes Solana is well-positioned to gain a larger share of the growing stablecoin and tokenization infrastructure market, offering both market growth and increasing market share as potential drivers of returns. Hougan praised Solana’s fast, user-friendly technology and active community, while noting that institutional adoption is rising, exemplified by financial services company Western Union using Solana for its stablecoin settlement system.
Despite these prospects, Solana remains far behind Ethereum, which leads the market with a stablecoin capitalization exceeding $163 billion and total locked value over $85 billion, compared to Solana’s $14.9 billion and $11.3 billion respectively. Hougan sees Solana, along with Tron and BNB Smart Chain, as top challengers, and argues that the combination of a growing market and Solana’s expanding share could create significant upside, similar to Bitcoin’s dual opportunity as both a store of value and a potential market share winner. Source
Coinbase reported $1.9 billion in third-quarter revenue, slightly exceeding Wall Street expectations and representing a 26% increase from the previous quarter. The exchange earned $433 million in net income, down sequentially from $1.4 billion due to mark-to-market adjustments in its stake in Circle and its crypto holdings, though year-over-year earnings grew substantially from $75 million. Transaction revenue hit $1 billion, up 37% from the prior quarter, driven by strong activity in both retail and institutional trading, alongside rising Bitcoin and Ethereum prices that created favorable market conditions. Coinbase’s shares rose in after-hours trading, reflecting investor confidence in the company’s performance.
The company is also exploring a token for its Ethereum layer-2 network, Base, signaling a potential new revenue stream. Coinbase has diversified its business beyond transaction fees through staking, stablecoin revenue from USDC, and blockchain rewards, with stablecoin revenue reaching $355 million in Q3. Institutional partnerships, including a collaboration with Citi to enhance digital-asset payment capabilities, and user growth on Base further support Coinbase’s expansion. The firm also continues to accumulate Bitcoin, holding $2.6 billion in digital assets for investment purposes, underlining its long-term bullish stance on crypto adoption and market growth. Source
Neobank Revolut has launched a 1:1 conversion between USD and stablecoins, allowing its 65 million users to exchange up to $578,630 every 30 days without fees or spreads. The service applies to Circle’s USDC and Tether’s USDT across six blockchains, including Ethereum, Solana, and Tron, with Revolut covering the spread internally to maintain the 1:1 rate. The feature aims to simplify moving between fiat and crypto, eliminating friction for users and providing a seamless on- and off-ramping experience. Revolut’s assets under management reached nearly $35 billion in 2024, reflecting a 66% increase from the prior year, alongside growing monthly transaction volumes.
The 1:1 conversions are expected to significantly benefit small and medium-sized businesses in regions with volatile currencies, such as Turkey, by reducing losses from currency conversions, cross-border fees, and slippage. Experts highlight that the offering transforms stablecoins from speculative assets into practical working capital infrastructure, improving treasury management and transaction speed. Revolut’s move aligns with broader fintech trends, as companies like Western Union, Zelle, and MoneyGram also explore stablecoin solutions for faster, cheaper, and more efficient payments, while SWIFT develops a blockchain settlement platform for stablecoin and tokenized asset transfers. Source
Trump Media & Technology Group, majority-owned by former President Donald Trump, is entering the prediction market space with a new service called Truth Predict on its Truth Social Network. The platform will allow users to place bets on events such as political elections and inflation changes. The launch comes amid rising popularity of prediction marketplaces like Polymarket and Kalshi, with major financial firms also exploring entry into the sector. The company aims to democratize access to these markets, framing the service as a way for everyday Americans to leverage collective insights.
Truth Predict will operate in partnership with Crypto.com Derivatives North America, enabling users to trade prediction contracts. Trump Media previously arranged to establish a crypto treasury company for holding the CRO token on the Cronos blockchain. The service will initially launch in the United States following a testing phase, with plans to expand globally thereafter. Source
Blockchain networks are projected to generate $19.8 billion in onchain revenue in 2025, according to research from venture capital firm 1kx, highlighting a major step in the industry’s evolution from speculative trading toward real economic utility. The report attributes the growth to expanding user activity across decentralized finance, gaming, and consumer applications, with fees representing the amount users pay to transact directly on blockchain infrastructure. Although the total is expected to fall short of the $24.1 billion record set in 2021, it marks a more than tenfold increase since 2020, signaling sustained demand for blockchain-based services and a compound annual growth rate of around 60%.
The findings suggest that fee generation is becoming a key measure of network sustainability, reflecting growing user willingness to pay for real-world use cases rather than speculation. The surge is particularly strong in areas like tokenized real-world assets, which surpassed $35 billion in onchain value by the third quarter of 2025, more than doubling from the previous year. Major financial institutions including JPMorgan, BlackRock, and BNY Mellon are accelerating adoption through initiatives that bring private equity funds and collateralized loans onchain, underscoring the technology’s expanding role in traditional finance. Source
Strategy chairman Michael Saylor said his company has no current plans to acquire other Bitcoin treasury firms, citing high uncertainty and the lengthy nature of mergers and acquisitions. Speaking during the firm’s third-quarter earnings call, Saylor emphasized that such deals can take six to twelve months to complete and that what appears attractive initially may not hold up over time. While other Bitcoin-focused companies like Strive have pursued consolidation—recently announcing a merger with Semler Scientific to hold over 11,000 BTC—Saylor made clear that Strategy’s focus remains on strengthening its balance sheet and continuing its core mission of buying Bitcoin.
Although he did not entirely rule out future acquisitions, Saylor reiterated that Strategy’s model of selling digital credit and accumulating Bitcoin is simpler and more transparent for investors to assess. CEO Phong Le added that software-related acquisitions are particularly challenging due to hidden complexities in valuations and integration. Strategy currently holds 640,808 BTC, the largest corporate Bitcoin treasury, and maintains a stable outlook despite receiving a speculative “B-” credit rating from S&P Global. Saylor noted that the company’s transparency and predictability make it easy for analysts to evaluate, and he suggested Bitcoin should eventually be recognized as a capital asset in corporate credit assessments. 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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