Japan’s Finance Minister Satsuki Katayama said the government supports crypto trading through regulated stock and commodity exchanges. During the New Year opening ceremony at the Tokyo Stock Exchange, Katayama called 2026 Japan’s “digital year” and added that the goal is to move crypto into existing market systems. The Finance Minister’s comments indicate that Japan does not want crypto growth to sit outside its financial system. The government wants digital assets traded where rules, supervision, and ...

The U.S. federal banking watchdog signaled a regulatory shift that could fundamentally reshape competition in trading services across the United States. That shift became apparent today, after Bloomberg reported that JPMorgan is exploring crypto trading services for institutional investors, marking one of the clearest indications yet that Wall Street banks are preparing to move beyond experimentation and into execution. CoinDesk contacted JPMorgan and they declined to comment on Bloomberg’s article. The ...

JPMorgan Chase is considering offering crypto trading services to institutional clients, according to sources close to the matter. The largest U.S. bank is assessing products including spot and derivatives trading as part of efforts to expand its crypto footprint, Bloomberg reported, citing a person familiar with the plans. The move would represent a major evolution for JPMorgan, which has gradually increased blockchain activity despite CEO Jamie Dimon’s long-standing criticism of Bitcoin. While the pl ...

The volatility in the crypto world is clearly reflected in the price action for Coinbase (COIN) stock. In July 2025, the stock touched a 52-week high of $444.70. However, with a correction in Bitcoin (BTCUSD) and other crypto assets, COIN stock has declined by almost 40%. While Bitcoin has still not gotten back to six digits, Coinbase stock seems attractive after the selloff. Recently, speculation has started to swirl that Coinbase is likely to launch prediction markets and tokenized equities as early as ...

Cathie Wood’s ARK Invest snapped up more than $11 million worth of Robinhood (NASDAQ: HOOD) shares after the trading platform’s stock slid sharply. Alongside the Robinhood purchase, ARK Invest also increased exposure to its own spot Bitcoin exchange-traded fund, ARK 21Shares Bitcoin ETF (ARKB). The latest purchase came two months after Wood's firm snapped up HOOD shares worth $21.3 million on Oct. 23. Related: Robinhood’s strategy to simplify crypto investing for beginners Robinhood sees reduced trading ...

Market Trends - Ether supply squeeze: Exchanges holding lowest levels since 2015 [1] - Bitcoin Cash gains nearly 40% as best performing Layer 1 of 2025 [1] - Euro stablecoins double in market cap post-MiCA implementation [1] Institutional Adoption - French banking giant BPCE to launch in-app crypto trading [1] - Philippines' fastest growing digital bank rolls out crypto services [1]

Group 1 - Bitcoin's recent price fluctuations have a direct impact on Robinhood's stock performance, with a 7% drop in Bitcoin leading to a decline in Robinhood shares, followed by a rebound as Bitcoin prices increased [1][2] - Crypto trading is a significant revenue driver for Robinhood, accounting for over 30% of transaction-based revenue and growing more than 300% in the last quarter [2] - Increased trading volume in Bitcoin is creating a self-fulfilling prophecy, where rising prices force short sellers to liquidate their positions, further driving up the price [2] Group 2 - Robinhood's current stock price is $8.02, reflecting a 6.37% increase [3] - The company's market capitalization stands at $113 billion, with a trading range between $124.40 and $134.18 for the day [4] - Robinhood's stock is trading at 53 times trailing earnings, which may be considered expensive if earnings growth does not meet analyst expectations of 22% annually over the next five years [4]

Market Overview - Ether is experiencing downward pressure, recently pulling back from the $3,000 zone, with current trading around $2,800 and a market cap of $337.7 billion [1] - The US spot ETFs recorded $79 million in outflows on December 1, coinciding with Ether's price losing the $2,800-$2,850 support level [1] Open Interest and Price Movement - Ethereum's open interest (OI) on Binance has dropped significantly from a peak of $12.6 billion in August to $6.2 billion, a 51% decrease, with $6.4 billion in derivative positions disappearing [2] - The price of ETH has declined approximately 43% from its peak of $4,830 to around $2,800 [2] Trader Sentiment - Traders are showing hesitance to re-enter the market due to increasing liquidations, but this reduction in open interest may help clear excess leverage and establish a strong price bottom [3] Institutional Activity - Despite outflows from Ether ETFs, institutional investors are taking advantage of the price dip, with BlackRock purchasing approximately $26.7 million worth of ETH [4] - On-chain data indicates that a trader opened a 2x position on 20,000 ETH, valued at around $56 million, following the recent dip [4] Upcoming Developments - The optimism in the market is partly due to the upcoming Fusaka upgrade scheduled for December 3, which aims to enhance the network's blob space capacity and reduce transaction costs across Ethereum Layer 2 networks [5]

Core Insights - Portofino Technologies, a crypto trading firm, is experiencing significant staff turnover, including the recent departures of its Chief Revenue Officer and Chief of Staff [1][2][4] - The company has faced challenges in retaining key personnel, with multiple senior staff members leaving in recent months [4] - CEO Leonard Lancia has disputed the characterization of these departures as unilateral resignations, indicating a more complex situation [3] Staff Departures - Chief Revenue Officer Melchior de Villeneuve and Chief of Staff Olivia Thurman have recently resigned from Portofino Technologies [1][2] - Other notable departures include General Counsel Celyn Armstrong and former Chief Financial Officer Mark Blackborough, who left earlier in the year [4] - The company has seen the exit of two senior developers, Olivier Ravanas and Mike Tryhorn, along with two junior developers [2] Company Background - Portofino Technologies was founded in 2021 by former Citadel Securities leaders Leonard Lancia and Alex Casimo [4] - The firm raised $50 million in equity funding in late 2022, indicating a level of investor confidence despite current staffing issues [4] - The company is exploring the possibility of opening new offices in New York and Singapore, suggesting plans for expansion [5]

Core Insights - Andrew Tate has been labeled as one of the worst traders in crypto after losing over $800,000 due to complete liquidation on the Hyperliquid platform [1][7] - His trading history reveals a pattern of high leverage and repeated liquidations, highlighting the risks associated with aggressive trading strategies [1][7] Trading Performance - Tate deposited $727,000 into Hyperliquid, but all funds were locked in losing trades until fully liquidated [2] - He attempted to recover losses by trading referral income of $75,000, which also ended up being lost in further trades [3][4] - His trading history includes over 80 trades with a win rate of only 35.5%, resulting in a cumulative loss of $699,000 in a few months [7] Specific Trade Incidents - In June 2025, Tate lost $597,000 on Hyperliquid, followed by a loss of $67,500 on a long position in September [5] - On November 14, he was liquidated while holding a BTC long at 40× leverage, costing him an additional $235,000 [6] - His only successful trade was a small short on YZY that earned him $16,000, which was quickly wiped out by subsequent losses [6] Industry Context - Tate's situation is not unique, as other high-profile traders have also faced significant losses on leveraged trading platforms, such as James Wynn, who lost over $23 million [8]