Connecticut has issued cease-and-desist orders to Kalshi, Robinhood and Crypto com, accusing them of operating unlicensed online sports betting through event-based contracts. The firms were ordered to immediately stop offering or promoting such services to state residents. Robinhood and Kalshi argue their products are federally regulated by the CFTC. https://t.co/dwVUSjxEeG ...

According to Bloomberg Law, Florida’s Third District Court of Appeal ruled Wednesday that a user who alleges roughly $80 million in BTC was stolen on Binance may revive a state-level lawsuit, finding the trial court erred in concluding it lacked personal jurisdiction over Binance. The plaintiff claims Binance failed to promptly freeze the stolen assets. https://t.co/ZnOUYZUPw6 ...

Market Trend & Bear Market Preparation - CryptoQuant research indicates a bear market started in early November [1] - The research expects BTC to trade in the $70 thousand–$55 thousand range next year if the bear market persists [1] Liquidity & Risk Management - MicroStrategy (MSTR) established a ~$1.44 billion USD reserve this week [1] - The reserve is intended to cover preferred dividends and debt interest, signaling bear-market preparation [1] - The USD reserve serves as a liquidity risk-management tool, built up when mNAV>1 [1] - At ~$92.7 thousand BTC, MicroStrategy can sustain operations and dividends for 3+ years [1] - BTC sales are considered only as a last resort [1]

Ethereum mainnet has finalized the “Fusaka” upgrade, a key step on its L1+rollup roadmap: higher L1 performance, expanded blob capacity, lower rollup costs, and UX improvements. The release also adds a Blob Parameter Only (BPO) fork switch to safely raise blob capacity as rollup demand grows. Consensys has previously indicated Ethereum will shift from annual upgrades to twice-yearly hard forks. https://t.co/yKNjkXHBXE ...

After the U.S. passed the GENIUS Act, Wall Street is split on whether stablecoins will truly lift USD demand and T-bill buying. Strategists at JPMorgan, Deutsche Bank and Goldman Sachs say it’s too early to call a structural shift: the Act prohibits interest on stablecoins, limiting incentives to leave savings accounts and money funds; any T-bill demand may be holder rotation rather than new money. https://t.co/eOc1t02e6X ...

Stablecoin & Tokenization Initiatives - Coinbase CEO 表示多家大型银行正在与 Coinbase 合作进行 stablecoin、托管和交易的试点项目 [1] - Armstrong 和 BlackRock CEO Larry Fink 讨论了加密货币和资产代币化，指出大约 4.1 万亿美元的数字钱包资产（主要为 stablecoin）如果其他资产被代币化，可以更有效地流通 [1]

Macroeconomic Outlook - BlackRock's 2026 outlook warns of growing U S economic fragility [1] - U S federal debt projected to exceed $38 trillion [1] Investment Strategy - Long-term Treasuries' effectiveness as hedging instruments is weakening [1] - Institutions are driven toward broader adoption of digital assets such as bitcoin [1] Digital Assets - Tokenization and stablecoins are rising as key infrastructure connecting traditional finance with the digital economy [1]

In her first media interview after becoming Co-CEO, He Yi stated that Binance's biggest challenge is still talent density; they need to find people who understand financial products, understand crypto, and believe in the industry. Her fundamental responsibility is to help Binance find the best people. Everyone is vying for the best talent, but because crypto is a somewhat stigmatized industry, recruitment is difficult. ...

U.S. ADP employment fell by 32,000 in November, the lowest level since March 2023, compared with an expected increase of 10,000. The previous figure of 42,000 was revised up to 47,000. ...

U.S. ADP employment fell by 32,000 in November, the lowest level since March 2023, compared with expectations of a 10,000 increase and a previous reading of 42,000. ...