Group 1 - The core viewpoint of the article highlights the rise of cryptocurrency ETFs despite market trends, with specific increases in prices for various ETFs such as 嘉实以太币 (up 6.06% to 7.875 HKD), 华夏以太币 (up 6.03% to 7.83 HKD), and 博时以太币 (up 5.88% to 2.52 HKD) [1] - The U.S. Commodity Futures Trading Commission (CFTC) announced a pilot program for tokenized collateral in the derivatives market, which includes guidelines for tokenized versions of U.S. Treasury and money market funds, emphasizing asset segregation, reporting, and monitoring requirements [1] - The pilot program is introduced through two staff recommendations and a no-action letter sent to Coinbase, applicable to futures brokers, swap market participants, and clearinghouses [1] Group 2 - Tokenized assets refer to the digital representation of real-world or financial assets on a blockchain, which, while not providing direct claims to the assets, are believed to enhance liquidity and facilitate fractional ownership [2] - The CFTC's recent announcement allows exchanges under its regulation to begin trading spot cryptocurrencies on derivatives exchanges, as stated by acting chair Caroline Pham [2]

Group 1: Ark Invest's Bitcoin Strategy - Ark Invest has increased its investment in the ARK 21Shares Bitcoin ETF (BATS:ARKB) despite Bitcoin's price volatility and regulatory changes [1][2] - The firm purchased a total of 55,000 shares of ARKB, valued at $1.7 million, through its ARK Next Generation Internet ETF (BATS:ARKW) and ARK Blockchain & Fintech Innovation ETF (BATS:ARKF) [2] - Bitcoin's price is currently trading at $92,269.08, reflecting a 2.49% increase over 24 hours, as market expectations for a Federal Reserve rate cut grow [5] Group 2: Market Dynamics and Regulatory Environment - Recent market analysis indicates that aggressive high-frequency trading strategies have contributed to Bitcoin's price fluctuations, particularly during U.S. trading sessions [3] - The Commodity Futures Trading Commission's new framework allows approved intermediaries to accept major tokens and stablecoins as margin, enhancing Bitcoin's integration into traditional finance [4] - Crypto prediction markets suggest that Bitcoin has roughly even odds of surpassing $100,000 by the end of 2025, influenced by regulatory support and macroeconomic factors [5] Group 3: Other Notable Trades by Ark Invest - Ark Invest has made several adjustments across its sector-focused funds, including reducing its position in Ibotta (IBTA) and satellite operator Iridium Communications Inc. (IRDM) [6][8] - The firm sold 90,807 shares of Adaptive Biotechnologies Corp (ADPT) while increasing its holdings in Arcturus Therapeutics Holdings Inc. (ARCT) and GeneDx Holdings Corp (WGS) [8] - Ark also reduced its semiconductor testing exposure by selling shares of Teradyne Inc. (TER), aligning with its strategy to shift capital towards higher-growth innovation themes [8]

Group 1 - The company Galaxy Holdings experienced a significant stock price increase of over 11% following a bullish analyst note and a rise in cryptocurrency prices [1][4] - An analyst from Citizens, Devin Ryan, initiated coverage of Galaxy with a market outperform recommendation and a price target of $60 per share, which is more than double its current price [5] - Galaxy Holdings has a market capitalization of $5 billion, with a day's trading range between $26.05 and $29.71, and a 52-week range from $8.20 to $45.92 [6] Group 2 - The positive sentiment towards Galaxy is attributed to expectations of a potential cut in key interest rates by the Federal Reserve, making high-risk assets like cryptocurrencies more attractive [4] - Ryan's optimistic valuation of Galaxy is based on a sum-of-the-parts analysis, highlighting the company's significant assets in both cryptocurrency and data center operations [6] - There is a belief that Galaxy is positioned to benefit from two major trends, which could lead to substantial profits [6]

Core Viewpoint - The debate surrounding the regulation of "tokenized U.S. stocks" is intensifying, with traditional financial institutions and the crypto industry holding opposing views on whether DeFi trading infrastructure should be treated like traditional exchanges [1] Group 1: Regulatory Perspectives - Citadel Securities submitted a 13-page document to the SEC advocating that most DeFi protocols should be regulated as exchanges to prevent regulatory arbitrage and weaker "shadow markets" [1] - The crypto industry, represented by Scott Bauguess, Vice President of Global Regulatory Policy at Coinbase, is calling for rules that better align with decentralized models [1] Group 2: Future Regulatory Outlook - HSBC indicates that the SEC's final stance remains unclear but does not expect a significant reduction in regulatory intensity for on-chain stock markets aimed at U.S. users compared to traditional exchanges [1] - A regulatory sandbox may emerge as a viable solution for navigating these regulatory challenges [1]

Key Points Ethereum is seeing even more capital flow into its network, a trend that's continued in recent weeks. The launch of Robinhood staking capabilities for Ethereum and Solana are also stoking investor excitement today. Other broad changes to the financial system in the U.S. could disproportionately benefit Ethereum holders. 10 stocks we like better than Ethereum › As of 6:15 p.m. ET, Ethereum's (CRYPTO: ETH) 6.1% move over the past 24 hours is the biggest move out of any top-5 cryptocurren ...

Tamisclao / Shutterstock.com Quick Read ETH touches $3.4k DAT purchases boost price action If you’re thinking about retiring or know someone who is, there are three quick questions causing many Americans to realize they can retire earlier than expected. take 5 minutes to learn more here Ethereum is back over $3.3k for the first time in nearly a month, briefly touching the $3.4k level just a few hours ago. Yesterday, the leading Digital Asset Treasury company for Ethereum, Bitmine (NASDAQ: BMNR), ...

Bitcoin gold silver. Photo by BeInCrypto Bitcoin, gold, and silver experienced a sudden surge in strength on Tuesday, the eve of what appears to be another Fed rate cut. The pioneer crypto, as well as the two commodity safe havens, Gold and Silver, may face volatility around the Fed’s interest rate decision, even as XAG price breaks above $60/oz for the first time in history, now up +108% in 2025. Top BTC, XAU, and XAG Price Targets Ahead of the Fed Cut All eyes are on the Fed’s interest rate decision t ...

Group 1 - Tidal Trust II has filed for an exchange-traded fund (ETF) that will provide Bitcoin exposure only when U.S. markets are closed, named the Nicholas Bitcoin and Treasuries AfterDark ETF [1] - The ETF will not hold Bitcoin as an underlying asset but will track Bitcoin's performance through futures contracts, options on indices, and spot Bitcoin ETFs [2] - The fund aims to capitalize on the observation that most of Bitcoin's gains occur after hours, as noted by Bloomberg Intelligence Senior ETF Analyst Eric Balchunas [2] Group 2 - Tidal Financial Group, which filed for the ETF, is known for offering "white label ETF solutions" and has a product line branded as "XFunds by Nicholas Wealth" [3] - The firm currently manages an actively-managed fund trading on the NYSE under the ticker "BLOX," which provides exposure to blockchain-related firms [4] - Bitcoin's price was approximately $92,700, reflecting a 1.6% increase over the past day, although it has decreased nearly 4% over the past year [4]

Core Viewpoint - Wall Street traders are anticipating a 90% chance of a quarter-point rate cut from the Federal Reserve, which is expected to support the market and potentially lead to a year-end rally [1][4][6] Economic Sentiment - The University of Michigan Consumer Sentiment survey showed a slight increase in December, indicating consumers are feeling "slightly less miserable" than before, which could signal a potential bottom for stocks [2][3] - Consumer inflation expectations dropped from 4.5% to 4.1%, marking the most significant decline since July [3] Labor Market and Real Estate - The ADP private payrolls report indicated a loss of 32,000 jobs in November, reflecting labor market weakness [4] - There is a noted deflation in real estate, with softening home and rental prices contributing to concerns about deflation rather than inflation [4] Consumer Confidence - The Conference Board's consumer confidence index fell to 88.7 in November from 95.5 in October, representing the largest decline in seven months [4] Market Performance Expectations - Historically, the second half of December has been a strong period for stocks, with average gains of 1% and positive performance 70% of the time [6] - The expectation is for a year-end rally, potentially starting as early as this week [6][7] Bitcoin Market Dynamics - Bitcoin's recent selloff was attributed to excessive leverage among traders, but the market has stabilized as forced liquidations ceased [14][15] - The 50-week moving average is a critical level for Bitcoin; a rejection at this level could signal a bearish trend, while a successful breach could indicate a bullish trend [17][18] Future Projections for Bitcoin - Bitcoin is projected to approach the 50-week moving average near $100,000 by December 2025, with strong macro tailwinds expected to support this movement [20] - The outlook for 2026 suggests that Bitcoin will transition from a speculative asset to a structural growth sector, driven by stablecoin adoption and broader market integration [22]

Cypherpunk Technologies Inc. announced Tuesday that Zooko Wilcox, founder of prominent privacy coin Zcash and former CEO of Electric Coin Company, has joined the Zcash treasury firm as a strategic advisor. The move preceded a sizable surge in Cypherpunk’s stock price Tuesday, all while Zcash itself continues to rebound after a recent sell-off. Cypherpunk said in a press release that Wilcox will guide the company's development of self-sovereign digital systems focused on privacy and freedom. Cypherpunk kicke ...