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 parity at $1.0001, but concerns over reserve transparency persist. Analysts expect the downgrade could steer institutional investors toward higher‑rated stablecoins or tokenized deposit products.
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...
Anthropic Research Shows AI Agents Are Closing In on Real DeFi Attack Capability
Researchers from the Anthropic Fellows and MATS programs proved that frontier AI models can autonomously locate and exploit vulnerabilities in DeFi smart contracts. Testing GPT‑5, Claude Opus 4.5 and Sonnet 4.5 on the SCONE‑bench dataset generated $4.6 million in simulated theft and uncovered...
Unlimit Debuts Stable.com, a Decentralized Clearing House Built for Stablecoins
Unlimit has launched Stable.com, a decentralized, non‑custodial clearing house that enables fee‑free swaps among major stablecoins and direct fiat off‑ramps in over 150 markets. The platform integrates Unlimit’s global payments network, offering more than 1,000 payment methods and eliminating gas...
Sanctioned Cambodian Lender Huione, Linked to Illicit Crypto, Halts Business After Bank Run: Report
Cambodian fintech firm Huione Pay, a central node of the U.S.-sanctioned Huione network, froze withdrawals and suspended operations after a massive bank run. Regulators allege the platform processed roughly $98 billion in illicit cryptocurrency tied to scams, cyber‑thefts and North Korean...
Breakdown or Bear Trap? XRP Tests $1.99 as Market Signals Mixed Direction Ahead
XRP briefly fell below the $2.00 psychological barrier, trading as low as $1.99 amid a surge in sell volume that more than doubled its daily average to 149.1 million. Institutional participation was evident, with heightened activity pushing the token into a...
Bitcoin Traders Bet on Sub-$80K New Year: Derive
Derive’s co‑founder Nick Forster notes that Bitcoin traders are aggressively buying puts at the $84,000 and $80,000 strikes, signaling a meaningful probability of the cryptocurrency slipping below $80,000 as 2026 begins. BTC currently trades around $87,000, a 30% drop from...
Attention Bitcoin Bulls: The U.S. 10-Year Yield Isn't Budging Despite Fed Rate Cut Hopes
Bitcoin bulls are banking on an imminent Federal Reserve rate cut to push down Treasury yields and weaken the dollar, a scenario that traditionally boosts risk assets. However, the 10‑year U.S. Treasury yield has remained above 4 % and risen 50...
U.S. FDIC Chief Says First GENIUS Act Regulations Heading for Proposal This Month
The FDIC Acting Chairman Travis Hill told a House Financial Services Committee hearing that the agency will issue a proposed rule outlining the application process for stablecoin issuers before the end of December. The proposal is the first step under...
Vanguard Opens Platform to Crypto ETFs in Major Shift: Bloomberg
Vanguard, managing about $11 trillion, will begin offering cryptocurrency ETFs and mutual funds on its brokerage platform starting Tuesday, opening access for its roughly 50 million clients. The firm will support any crypto funds that meet regulatory standards, similar to its treatment...
Seller Exhaustion or a Bottom? Strategy Gains 11% From Session's Worst Levels
MicroStrategy (MSTR) plunged 12.5% on Monday after announcing a $1.44 billion common‑stock sale to fund preferred‑share dividends, pushing the stock to its lowest level in 15 months. Despite Bitcoin hovering near $86,000, the shares rallied 11% from that trough, closing only...
Kalshi Launches Tokenized Event Bets on Solana Blockchain: CNBC
Kalshi announced the launch of tokenized event‑contract bets on the Solana blockchain, extending its regulated prediction‑market platform to on‑chain traders. The integration, powered by DeFi protocols DFlow and Jupiter, connects Kalshi’s off‑chain order book to Solana’s liquidity pools. The move...
Bitnomial Prepares to Debut First CFTC-Regulated Spot Crypto Market
Bitnomial, a Chicago‑based derivatives exchange, has become the first platform cleared to offer CFTC‑regulated spot cryptocurrency trading, including leveraged products. The exchange’s self‑certified rules were activated on Friday, allowing customers to buy, sell, and finance digital assets on a federally...
JPMorgan and Strike CEO Jack Mallers Go Silent, Leave 'Debanking' Questions Unanswered
JPMorgan has terminated its banking relationship with Strike, the payments firm led by Jack Mallers, effectively "debanking" its CEO. Both parties have remained silent, offering no public explanation for the abrupt move. The decision comes as Strike’s technology mirrors aspects...
U.S. House Lawmakers Detail Grievances Over Government's 'Choke Point 2.0'
Chairman French Hill of the House Financial Services Committee released a report labeling the Biden administration’s regulatory actions as “Operation Choke Point 2.0,” accusing agencies such as the SEC and Federal Reserve of systematically hindering crypto development. The document details what Hill describes...
Chainlink's LINK Slides 11% as Technical Breakdown Overshadows ETF Launch News
Chainlink’s native token LINK dropped 11% on Tuesday, slipping below the $12 mark and breaching a critical support zone. The decline was accompanied by unusually heavy trading volume, confirming a technical breakdown that suggests a sustained downtrend. Although the market...
Bitcoin Mining Profitability Fell for Fourth Consecutive Month in November: JPMorgan
JPMorgan reported that Bitcoin mining profitability declined for the fourth straight month in November, with daily block‑reward gross profit falling 26% from October. The network hashrate slipped 1% to an average of 1,074 exahashes per second after reaching a record high...
ICP Slides as Breakdown Below $4.00 Triggers Elevated Volatility
Internet Computer (ICP) token slipped 7.3% in 24 hours, breaking the critical $4 support level and sinking to $3.66. The breakdown was accompanied by a volume surge of 1.83 million tokens, roughly three times the typical daily average, pushing total 24‑hour...
BONK Slides 9% as Technical Breakdown Overshadows Swiss ETP Debut
BONK, the Solana‑based memecoin, dropped 9.32% to $0.000008805 over the past 24 hours, sinking to fresh cycle lows. The decline accelerated after the token breached the $0.00000936 support level, with trading volume surging to 144% above its recent average. Despite...