Connecticut Orders Kalshi, Robinhood, Crypto.com to Cease Sports Betting
Connecticut regulators issued cease‑and‑desist orders to Kalshi, Robinhood and Crypto.com, demanding they stop offering sports‑betting contracts that the state deems unlicensed online gambling. The orders cite violations of the state’s gambling licensing statutes and threaten enforcement actions if the platforms continue. All three firms operate under broader fintech and crypto umbrellas, making the ruling a notable clash between emerging digital finance services and traditional gambling regulation. The decision follows heightened scrutiny of non‑traditional betting products across U.S. jurisdictions.
Bitcoin Hovers Near Production Cost as Bull/Bear Line Tightens
Bitcoin’s price hovered near $94,000 on Dec 3, 2025, just above the estimated production cost derived from difficulty regression and network valuation models. Analysts place the fair‑value benchmark at roughly $92,300, indicating the market is trading within a narrow band of...
Solana Mobile to Launch SKR Token in January With 10B Supply
Solana Mobile announced it will issue its native SKR token in January 2026 with a fixed supply of 10 billion units. The distribution plan earmarks 30% for community airdrops, 25% for growth initiatives, and 10% for liquidity and launch support, with...
Coinbase CEO Armstrong Says Banks That Don't Adapt Stablecoin Will Be 'Left Behind'
Coinbase announced pilot programs with several major U.S. banks to issue and settle transactions using its stablecoin. CEO Brian Armstrong warned that banks which fail to integrate stablecoin infrastructure will be "left behind" as the crypto market matures. The partnership...
Polymarket Launches App With CFTC Green Light in U.S. Return
Polymarket has rolled out a mobile app for sports and proposition markets after securing approval from the U.S. Commodity Futures Trading Commission. The launch marks the platform’s re‑entry into the United States under explicit federal oversight. By operating as a...
Filecoin Gains 2% Alongside Crypto Rally
Filecoin (FIL) rose 2.2% to $1.57 on Dec 3, 2025, tracking a broader crypto rally that lifted Bitcoin and Ethereum. The gain occurred on muted trading activity, with volume only 9.7% above the weekly average, indicating limited market conviction. Technical charts...
Ethereum's 'Fusaka' Upgrade Cements Network's Role as On-Chain Finance Settlement Layer: Bitwise
Bitwise analysts say Ethereum's upcoming "Fusaka" upgrade will double transaction throughput, introduce a permanent floor for blob fees, and streamline validator operations. The upgrade builds on recent data‑availability improvements to lower gas costs for large data blobs. By cementing a...
The Protocol: Ethereum Preps For Upcoming Fusaka Upgrade
Ethereum developers announced the upcoming Fusaka upgrade, slated for early 2026, aiming to boost scalability, lower gas fees, and integrate zero‑knowledge rollup support. Named after Osaka, the upgrade bundles EIP‑4844 data blobs, improved fee market mechanics, and a new consensus...
Trump's CFTC, FDIC Picks Closer to Taking Over Agencies as They Advance in Senate
President Trump’s nominees for the Commodity Futures Trading Commission and the Federal Deposit Insurance Corporation have cleared key Senate hurdles, bringing a broader mass‑confirmation package closer to completion. The nominations are part of a coordinated effort to reshape regulatory oversight...
Bitcoin Futures Return to Deepest 'Backwardation' Since FTX Collapse Hinting Possible Bottom
Bitcoin futures have entered the deepest backwardation since the 2022 FTX collapse, with the front‑month contract trading roughly $1,300 below the three‑month contract, a 1.4% spread. The steep curve signals heightened market stress and suggests that traders are demanding a...
Firelight Introduces XRP Staking for DeFi Insurance Layer Against Exploits
Firelight has launched a new DeFi insurance protocol that lets users stake XRP to back an exploit‑protection layer. Developed in collaboration with Sentora and Flare Network, the platform combines XRP yield generation with coverage against smart‑contract hacks. Early participants can...
ETHZilla Buys 20% of AI Lending Platform Karus in $10M Deal to Tokenize Auto Loans
ETHZilla, a blockchain infrastructure firm, has purchased a 20% equity stake in AI-driven lending platform Karus for $10 million. The investment is aimed at jointly developing a tokenized marketplace for auto loans, leveraging Karus’s AI credit models and ETHZilla’s tokenization expertise....
Stellar Climbs 2% as Volume Spikes Signal Institutional Interest
Stellar (XLM) edged up 1.79% to $0.256 on Dec 3, 2025, while trading volume surged 37% above its weekly average. The price gain was modest, but the volume spike points to heightened buying pressure. Analysts attribute the move to emerging institutional...
HBAR Edges Higher as Vanguard ETF Access Expands Institutional Appeal
Hedera Hashgraph’s native token HBAR rose above $0.1427 after Vanguard announced its inclusion in a newly launched institutional ETF. The move sparked a noticeable uptick in trading volume, reinforcing the support level and signaling renewed market confidence. Analysts attribute the...
U.S. Debt Growth Will Drive Crypto's Gains, BlackRock Says in Report on AI
BlackRock’s 2026 AI Report forecasts a bullish outlook for digital assets while warning of a deteriorating U.S. economic outlook. The firm links rising U.S. sovereign debt, projected to grow at around 7% per year, to increased demand for crypto as...
Crypto Long & Short: Don’t Write Off Euro Stablecoins Just Yet
The article argues that euro‑denominated stablecoins remain a viable growth opportunity despite recent market turbulence. It highlights that the next major stablecoin wave will likely come from a private‑sector, scalable euro token rather than another USD‑based offering. Recent regulatory developments...
TON Gains 3.7% as STON.fi DAO Launch and Telegram-Backed AI Platform Brings Demand
The Open Network (TON) token rose 3.7% after STON.fi, TON's leading DeFi protocol, launched a fully on‑chain DAO. The new DAO gives users voting rights and token‑based incentives for governance decisions. Simultaneously, a Telegram‑backed AI platform began using TON for...
S&P's Tether Downgrade Revives 'De-Pegging' Risk Warning, HSBC Says
Rating agency S&P Global downgraded Tether (USDT) after flagging redemption and de‑pegging risks. HSBC highlighted the downgrade as a revival of its earlier warning that the stablecoin could lose its $1 peg. The move comes as Tether trades marginally above...
Cardano’s Biggest Players Unite Behind 70M ADA Push to Spark On-Chain Growth
Cardano’s leading ecosystem players – the Cardano Foundation, Emurgo and IOHK – have pledged a combined 70 million ADA, roughly $30 million, to a new development fund. The capital will be directed toward building stablecoins, reliable oracle services, cross‑chain bridges, custody solutions...
IREN Investors Mull Outlook After $3.6B Capital Raise as Jim Cramer Says 'Sell'
IREN, originally a Bitcoin miner, raised $3.6 billion to fund a balance‑sheet overhaul and expand its AI compute business. The capital injection reduces debt but dilutes shareholders, contributing to a roughly 50 percent drop in the stock over the last month. Prominent...
Sony’s Blockchain Partner Startale Launches Dollar Stablecoin on Soneium
Sony’s blockchain partner Startale has introduced a new US‑dollar‑pegged stablecoin, Startale USD, on the Soneium network. The token is built with M0 technology and is designed to be fully collateralized at a 1:1 ratio with the US dollar. Startale USD...
Bitcoin Ricochets Around $93K at Pivotal Point; Circle, Gemini Lead Crypto Stock Rebound
Bitcoin slipped 2% to roughly $92,700, retreating from the $93K psychological barrier after Microsoft announced a downgrade to its AI sales outlook. The pullback coincided with a broader crypto market wobble, yet equities tied to digital assets showed resilience. Circle...
CoinDesk 20 Performance Update: Chainlink (LINK) Gains 8.9%, Leading Index Higher
Chainlink (LINK) surged 8.9% on Dec 3, pushing the CoinDesk 20 index higher. The token closed at $14.29, marking an 18.41% weekly gain. Sui (SUI) was the next best performer, climbing 6.5% after Tuesday’s dip. The broader index reflected renewed optimism across...
Stable, Theo Anchor $100M+ in Libeara-Backed Tokenized Treasury Fund ‘ULTRA’
Stable and Theo have pledged more than $100 million to ULTRA, a tokenized U.S. Treasury fund. ULTRA is backed by the Libeara platform and is managed by FundBridge Capital together with Wellington Management. The fund converts Treasury securities into blockchain‑based tokens,...
Jane Street Leads $105M Funding for Antithesis, a Testing Tool Used by Ethereum Network
Jane Street led a $105 million Series A round for Antithesis, a deterministic simulation testing platform that underpins Ethereum’s protocol development. The funding round also attracted several venture and crypto‑focused investors, positioning Antithesis to expand its testing infrastructure for always‑on blockchain systems....
Polkadot Gains 9% After Breaking Key $2.25 Resistance
Polkadot (DOT) surged 9% on Dec 3, 2025, climbing to $2.29 and breaking the key $2.25 resistance level. The rally was backed by a 60% jump in trading volume, signaling strong market participation. DOT outperformed major cryptocurrencies, including Bitcoin and Ethereum,...
U.S. Crypto Education Group, American Innovation Project, Gets First Director
Allie Page, the chief operating officer of the Blockchain Association, has been named the inaugural director of the American Innovation Project (AIP), a newly formed U.S. crypto education group. AIP will organize educational events aimed at policymakers, regulators and industry...
Parataxis Agrees to Buy Control of South Korea's Sinsiway for $27M, Build Ether Treasury
Parataxis has agreed to acquire a controlling stake in South Korea’s Sinsiway for $27 million, rebranding the firm as Parataxis ETH Inc. The transaction will establish the country’s first ether‑focused treasury platform backed by U.S. institutional capital. The new entity will manage an...
Spot XRP ETFs Outpace Market With 12-Day Inflow Streak Nearing $1B Mark
Spot XRP exchange‑traded funds have recorded nearly $1 billion of net inflows over a 12‑day period, making them the fastest‑growing crypto‑asset ETFs in the market. The inflow streak outpaces recent Bitcoin and Ethereum ETF accumulation, reflecting heightened investor appetite for XRP...
Strategy Faces Possible MSCI Index Removal, Threatening Billions in Outflows: Reuters
MicroStrategy (MSTR) faces a possible removal from MSCI’s emerging‑markets index after the index provider raised concerns about the firm’s heavy Bitcoin exposure. MSCI’s decision could force ETFs and other passive funds to sell the stock, potentially triggering outflows of up...
Babylon’s Trustless Vaults to Add Native Bitcoin-Backed Lending Through Aave
Babylon announced that its Trustless Vaults will now support native Bitcoin‑backed lending by integrating with Aave’s liquidity pool. The move lets BTC holders lock their coins in a non‑custodial vault and borrow or earn interest directly on‑chain. Babylon also hinted...
Taiwan Authorities Say Island's First Regulated Stablecoin Will Debut Next Year
Taiwan’s Financial Supervisory Commission is close to approving a Virtual Assets Service Act that would enable the island’s first regulated stablecoin, likely issued by banks, in late 2026. The draft legislation has cleared its initial cabinet review and awaits a...
BlackRock's Spot Bitcoin ETF Secures U.S. Top 10 Ranking With 7.7M Active Contracts
BlackRock’s spot Bitcoin ETF (IBIT) has vaulted its options into the U.S. top‑10 list, with 7.71 million contracts open, making it the ninth‑largest options series across stocks, ETFs and indices. The open interest now exceeds that of the SPDR Gold Shares...
Yi He, Arguably Crypto's Most Powerful Woman, Becomes Binance’s New Co-CEO
Binance announced Yi He as its new co‑CEO, joining former regulator Richard Teng in a dual‑leadership model. He, a co‑founder and former head of marketing, will now oversee Binance Labs and drive product innovation. The appointment follows the removal of...
This Bitcoin-Led, Institutionally Anchored Cycle Shows the Three-Month Drop Isn’t a Winter: Glassnode
Glassnode and Fasanara Digital’s year‑end report shows Bitcoin’s 18% three‑month price decline is a mid‑cycle pullback, not a crypto winter. The cycle has attracted over $732 billion in net new capital, pushing realized market cap to roughly $1.1 trillion. Volatility has halved...
SOL, ADA, XRP Zoom 12% as Bitcoin Bounces Above $93K. But Will The Rally Last?
Bitcoin surged past $93,000, climbing roughly 7% after a week‑long slump, while Ether rose over 9% and Solana, Cardano and XRP each jumped more than 12%. The rally was fueled by the liquidation of about $457 million in short positions across...
Ether 'Bear Trap' Confirmed as Bitcoin Probes Friday High, XRP Eyes $2.30 Hurdle
Bitcoin rebounded from its $80,000‑$83,000 support zone, probing the Friday swing high near $93,100, while its daily MACD stays bullish despite weakening hourly momentum. Ether displayed a classic bear trap, suggesting a bounce toward $3,100 with upside potential to $3,500,...
IBIT Among Most-Traded ETFs as Bitcoin Surges; Mining Stocks Sink
Bitcoin rebounded 6% to $91,862, propelling BlackRock's iShares Bitcoin Trust (IBIT) to $3.7 billion daily volume, outpacing Vanguard's S&P 500 ETF. IBIT now holds $66.3 billion AUM, becoming BlackRock's top revenue ETF. While crypto equities rose, bitcoin‑mining stocks fell sharply, with IREN down...
Bitcoin Dipped Below 'Fair Value' For First Time in 2 Years, History Says 132% Gains Next 12 Months
Bitcoin briefly slipped below its Metcalfe‑derived fair value for the first time in nearly two years, triggering a 36% price correction to around $80,000 before rebounding above $90,000. The dip coincided with a rapid 50,000 BTC increase in long‑term holder (LTH)...
AAVE Rallies 14% as Bybit, Mantle Integration Connects DeFi Lender to 70M Users
Aave’s native token AAVE jumped 14% to $188, breaking the $175 resistance after the protocol announced integration with Bybit’s Mantle layer‑2 network. The partnership connects Aave’s lending markets to Bybit’s 70 million user base, offering low‑cost, high‑throughput access to decentralized finance....
Bitcoin Volatility Breaks Out Vs VIX, Setting Up Possible Pair Trade Opportunity
Bitcoin’s 30‑day implied volatility index (BVIV) is diverging sharply from the S&P 500’s VIX, widening the BVIV‑VIX spread beyond its historic 20‑32 range. The breakout suggests that market participants expect crypto volatility to outpace equity‑market risk in the near term. Volmex...
AI Investment to Drive Global Growth Through 2026, BofA Says
Bank of America’s 2026 outlook credits a surge in artificial‑intelligence spending with accelerating growth in both the United States and China, forecasting U.S. GDP at 2.4% and Chinese GDP at 4.7% by the end of 2026. The report highlights a...
Why Coinbase Shares Still Have 90% Upside Despite Crypto Pullback, According to Wall Street Analyst
Bernstein has kept its bullish stance on Coinbase, maintaining an outperform rating and a $510 price target that implies roughly 90% upside from the current share price. The brokerage argues that the exchange is transitioning from a spot‑trading‑centric model to...
Brazil Sentences 14 for Using Crypto, Shell Firms in $95M Drug Money Laundering Case
A Brazilian federal court sentenced 14 individuals to between 8 and 21 years in prison for laundering roughly 508 million reais ($95 million) from drug trafficking using shell companies and cryptocurrency. The network, dubbed Terra Fértil, operated across multiple states, employing fake...
Iren Plans to Sell Up to $2.3 Billion of Convertible Notes, Shares Drop
Bitcoin miner Iren announced a private placement to issue up to $2.3 billion of convertible senior notes, split between $1 billion due 2032 and $1 billion due 2033, with investors able to take an additional $150 million of each series. Proceeds will fund the...
Kraken Agrees to Buy Tokenization Specialist Backed Finance as RWA Trend Accelerates
Kraken announced an agreement to acquire tokenization specialist Backed Finance, aiming to embed tokenized stocks and ETFs into its platform. The move expands the exchange’s xStocks offering, which has already generated $170 million in token issuances and $2.3 billion of on‑chain trading...
CoinDesk 20 Performance Update: NEAR Protocol (NEAR) Gains 8.2% as Index Rises
The CoinDesk 20 Index rose 2.7% to 2768.6 points on Dec 2, 2025, driven by strong gains across most of its constituents. NEAR Protocol led the pack, jumping 8.2% and outpacing the broader market. Cronos (CRO) followed as the second‑best performer...
Bank of America Greenlights Wealth Advisors to Recommend Up to 4% Bitcoin Allocation
Bank of America will permit its wealth‑management advisors to recommend a 1 %‑4 % allocation to crypto assets starting in January, focusing on four spot Bitcoin ETFs. This policy shift moves BofA from a passive stance to actively endorsing digital assets, aligning...
Toncoin Climbs to $1.50 as Cocoon Debut Sparks Surge in Trading Volume
Toncoin rose to $1.50, up 0.77% in 24 hours, as the launch of Cocoon, a decentralized AI compute platform, drove a 37% jump in trading volume to 2.95 million. Cocoon enables GPU owners to rent processing power for AI inference and...
APT Rises 2.3%, Outperforms Wider Crypto Market
Aptos (APT) token rose 2.4% to $1.90, outpacing the CoinDesk 20 Index’s 1.5% gain. Trading volume surged 40% above its 30‑day average, a pattern CoinDesk Research associates with institutional positioning. Technical analysis shows higher lows within a narrow range, supporting...
