Core Insights - Coinbase Markets reported that the tokens BNKR, ZEC, and FLOCK generated the highest returns on the platform this year [1] Token Performance - BNKR and FLOCK are both tokens on the Base network, with current market capitalizations of $15.4 million and $26.2 million, respectively [1]

Core Insights - Upbit, South Korea's largest cryptocurrency exchange, has listed Yield Basis (YB), leading to a significant increase in YB's price and trading volume [1][4]. Group 1: Listing Details - YB/BTC and YB/USDT trading pairs will be available starting December 26 at 15:00 KST, with deposits and withdrawals supported on the Ethereum network [2]. - Users are advised to verify network details and contract addresses before transferring funds, as transactions through unsupported networks will not be credited [2]. - Upbit will implement temporary trading restrictions during the initial launch phase, including limiting buy orders for the first five minutes and restricting sell orders priced more than 10% below the previous day's closing price [3][4]. Group 2: Market Impact - Following the listing announcement, YB's price surged over 17%, reaching $0.43, while daily trading volume increased by 169%, indicating heightened investor interest [4]. - The listing coincides with a significant rise in the total value locked (TVL) in the Yield Basis protocol, which has grown from approximately $30 million in early October to over $200 million [6]. - The Upbit listing is seen as a pivotal moment for Yield Basis, as it combines rapid TVL growth with increased exposure on a major exchange [7].

Core Viewpoint - Strong economic data has led to panic in high-growth sectors like artificial intelligence and cryptocurrency, with market commentator Jim Cramer criticizing the reaction as "stupid" and a "big freakout" [1][2]. Economic Data Impact - The U.S. economy grew by 4.3% in Q3, surpassing expectations of 3.3%, marking the fastest expansion rate since Q3 2023 [2]. - Strong economic data typically reduces expectations for near-term Federal Reserve rate cuts, which puts pressure on rate-sensitive assets like stocks. The odds of a 25 basis point cut in January dropped from 19.9% to 14.4% within 24 hours [3]. Stock Performance - Despite initial sell-offs, stocks from the "Mag 7" cohort, including NVIDIA Corp. (NASDAQ: NVDA), Microsoft Corp. (NASDAQ: MSFT), and Amazon.com Inc. (NASDAQ: AMZN), recovered and closed higher [3]. - Specific stock performance over 24 hours included: - NVIDIA Corp. (NASDAQ: NVDA): +3.01% to $189.21 - Microsoft Corp. (NASDAQ: MSFT): +0.40% to $486.85 - Amazon.com Inc. (NASDAQ: AMZN): +1.62% to $232.14 - Coinbase Global Inc. (NASDAQ: COIN): -2.26% to $242.30 - Rigetti Computing Inc. (NASDAQ: RGTI): -6.58% to $25.11 [5]. Cryptocurrency Market - Leading cryptocurrency names like Coinbase and Strategy Inc. (NASDAQ: MSTR) closed in the red, primarily due to Bitcoin's volatility [4].

Regulatory Compliance - Bybit will gradually exit the Japanese market starting in 2026 due to regulatory disputes with Japan's Financial Services Agency [1] - Japan's Financial Services Agency has been pursuing Bybit over unlicensed operations since 2021 [1] - Apple and Google were required to remove Bybit's app this year [1] User Account Restrictions - Accounts held by Japanese residents will face phased restrictions from 2026 [1] - Users mistakenly flagged must submit additional documentation by January 22, 2026 [1]

We’re excited to be in the UK 🇬🇧Thank you for the support, here’s to new opportunities ahead! 🚀#BybitUK #Bybit #CryptoArkBybit UK (@UK_Bybit):🇬🇧 United Kingdom, we’re live!Bybit is now operating in the UK https://t.co/vDT0vaVd2L ...

RT Scroll (@Scroll_ZKP)SCR is now live on @osldotcom, Hong Kong's biggest exchangeIt's part of our push to make SCR available worldwide, and now easier for Hong Kong traders to accessNext year will be all about accruing more value back to SCR holders - stay tuned for our full 2026 roadmap dropping in January ...

Coinbase has agreed to acquire The Clearing Company as it plans to scale prediction markets and advance its ambition of becoming an “Everything Exchange,” according to a blog post published by the exchange. The deal follows Coinbase’s recent rollout of prediction markets trading for users and shows a commitment to regulated on-chain event-based markets. Coinbase Expands Access to Prediction Markets Last week, Coinbase said it began rolling out access to prediction markets directly on its platform, allo ...

Group 1 - Shares in Gemini Space Station (NASDAQ: GEMI) declined by 13.6% last week, despite the company's name suggesting a connection to space, it is actually a cryptocurrency exchange and custodian run by Tyler and Cameron Winklevoss [1] - The company recently received a U.S. license to offer prediction markets to U.S. customers, which could potentially be as significant as traditional capital markets according to Cameron Winklevoss [2] - The company's fortunes are currently tied to the cryptocurrency market, with transaction revenues dependent on trading volumes and services revenues from credit card activities [3][4] Group 2 - Price volatility in cryptocurrencies can significantly influence trading volumes and, consequently, Gemini's transaction revenue, while lower cryptocurrency prices can reduce the value of assets held by Gemini, impacting custodial fees [4][5] - The decline in cryptocurrency prices, particularly Bitcoin, is identified as a reason for the recent drop in stock price [5] - Although the company has long-term growth prospects, it is currently loss-making, and declining cryptocurrency prices can negatively affect transaction and custodial revenues [6]

Core Viewpoint - The SEC has filed proposed final consent judgments against three former FTX executives, seeking officer-and-director bars due to their involvement in fraudulent activities related to FTX, with varying lengths of prohibitions for each executive [1][2]. Group 1: SEC Actions and Judgments - The SEC's filings in Manhattan federal court formalize settlement terms for Caroline Ellison, Gary Wang, and Nishad Singh, who cooperated with prosecutors during Sam Bankman-Fried's trial but still face permanent securities law injunctions [2]. - Ellison faces a decade-long prohibition, while Wang and Singh are subject to eight-year restrictions [1]. - The proposed judgments require court approval before they can take effect [2]. Group 2: Allegations and Conduct - The SEC's original complaints allege that from May 2019 to November 2022, the executives raised over $1.8 billion from investors through false claims about FTX's safety measures and risk controls [4]. - Bankman-Fried, Wang, and Singh are accused of exempting Alameda Research from automated risk mitigation and granting it unlimited access to customer deposits [4]. - Wang and Singh developed software that diverted FTX customer funds to Alameda, while Ellison directed misappropriated assets toward the hedge fund's trading operations [5]. Group 3: Additional Legal Context - The executives consented to permanent antifraud injunctions under Securities Exchange Act Section 10(b) and Securities Act Section 17(a), along with five-year conduct-based restrictions to prevent similar violations [6]. - Ellison has completed approximately 11 months in federal correctional institution and is now in community confinement, with a projected release set for February 2026 [7].

Coinbase sues Michigan, Illinois and Connecticut over prediction market oversight https://t.co/JmqeJCncyJ ...