Core Insights - The U.S. government has designated Bitcoin as a matter of national strategic importance, transforming the policy environment for Bitcoin ETF investors [1] - Regulatory changes have created a more defined framework for Bitcoin ETFs, but institutional adoption remains cautious [2] Regulatory Changes - Establishment of a U.S. strategic bitcoin reserve and the GENIUS Act, which classifies stablecoins as non-securities, supports U.S. Treasury demand [3] - Major wirehouses impose restrictions on financial advisors regarding Bitcoin ETF recommendations and client allocations [4] Market Developments - The approval of spot Bitcoin ETFs and the formation of options markets in 2025 are seen as significant structural changes, with expectations for further developments in 2026 [5] - Anticipation that Bitcoin's price discovery will increasingly shift towards ETF trading, with 13F filers potentially holding over one-third of spot Bitcoin ETF assets by year-end [6] Product Insights - The CoinShares Bitcoin ETF (BRRR) has a 0.25% expense ratio and holds $495.7 million in assets [7] - Expectations for major U.S. wirehouses to open Bitcoin ETF allocations within discretionary portfolios and for custody banks to begin offering direct Bitcoin custody services for institutional clients in 2026 [7]

Core Insights - Coinbase has launched a program enabling businesses to create their own stablecoins, enhancing control over stablecoin liquidity and product experience [5] - The company is also collaborating with Klarna to facilitate stablecoin funding, allowing Klarna to raise short-term funding from institutional investors using USDC [6][7] Group 1: Coinbase Custom Stablecoins Service - The new Coinbase Custom Stablecoins service allows businesses to create custom stablecoins backed by flexible collateral, including USDC [2] - The platform provides issuance infrastructure, with Coinbase managing smart contracts, security, and chain management [3] - Companies can customize their stablecoins' brand identity, including asset name, ticker, and visual identity, and benefit from global distribution to Coinbase's user base [3] Group 2: Features and Benefits - Coinbase holds reserves in segregated wallets and allows companies to earn rewards on their stablecoin supply [4] - Instant liquidity is ensured through zero-fee swaps between USDC and any Coinbase Custom Stablecoin [4] - The service aims to eliminate the need for enterprises to rely on third-party issuers for stablecoin liquidity [5] Group 3: Collaboration with Klarna - Klarna has chosen to collaborate with Coinbase for stablecoin funding due to Coinbase's proven track record in providing crypto infrastructure for over 260 businesses [6] - The partnership is seen as a way to connect Klarna with a new class of institutional investors and diversify funding sources [7] - This initiative is part of Coinbase's broader strategy to build an "Everything Exchange" that includes trading and financial services [7]

Stockholders have been notified of the Annual Meeting through mail, telephone/text, and email communications Bitmine leads crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of BMNR stock Bitmine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support Bitmine's goal of acquiring 5% of ETH ...

The Daily: Terraform Labs liquidator sues Jump Trading, US crypto czar David Sacks confirms Clarity Act markup for January, and more https://t.co/qMjVaWhmtw ...

Core Insights - Cryptocurrency, particularly Bitcoin, is under scrutiny as it approaches the end of 2025, raising questions about its legitimacy as an asset class versus being a speculative bubble [1] Current Market Status - Bitcoin's price is over 30% below its all-time high from October 2025, indicating ongoing volatility, yet it remains near six-figure levels, reflecting market resilience despite corrections [2][8] - Regulatory clarity is improving as various governments, including the U.K., are working towards establishing clearer frameworks for cryptocurrency [2] Technical Risks - Concerns about quantum computing pose potential threats to cryptographic security, with major tech companies and startups actively researching quantum computing [3] Industry Developments - Major crypto infrastructure firms like Coinbase are diversifying into stock trading and prediction markets, indicating a shift away from reliance solely on token volatility [4] Historical Comparisons - The analogy between Bitcoin and the 17th-century Tulip Mania is debated, with critics arguing that Bitcoin's history of recovery and structural differences make the comparison oversimplified [5][9] - Bitcoin has survived multiple boom-bust cycles over 17 years, contrasting with Tulip Mania's permanent collapse after a brief surge [9] Adoption and Investment Implications - Institutional adoption is a key factor supporting Bitcoin's legitimacy, with the launch of spot Bitcoin ETFs attracting significant capital and embedding crypto in mainstream portfolios [10] - Bitcoin's correlation with traditional equity markets has increased post-ETF approvals, with forecasts suggesting potential price rises through 2025 driven by macroeconomic conditions and institutional demand [10] Investment Strategy - Despite the growing visibility of crypto, equities should remain a priority for most investors due to their historical performance and lower structural risks [11][12] - Research supports small allocations to alternative assets like crypto, but emphasizes the importance of maintaining diversified equity portfolios for long-term growth and stability [13]

We’re live in the UK 🇬🇧Follow @uk_bybit for local updates, news, and brand communications.Bybit UK (@UK_Bybit):A new chapter begins 🇬🇧Bybit is now officially operating in the UK.This marks an important step in our long-term commitment to the British market — bringing UK users access to an innovative crypto trading platform designed specifically with the UK market in mind. https://t.co/zWFnXSXBzp ...

Core Viewpoint - Bittensor (CRYPTO: TAO) has completed its halving event, which typically would lead to a price surge, but instead, the token has declined by 22.1% over the past week, indicating negative momentum in both short-term and long-term perspectives [1][7]. Group 1: Halving Event Impact - The halving event reduces the rewards for mining and validating transactions by half, which is expected to improve supply and demand fundamentals, providing a price floor for Bittensor's token [2]. - Despite the halving event's intention to increase scarcity and stabilize future value, Bittensor's price has not reacted positively, reflecting a disconnect between expected and actual market behavior [5][8]. Group 2: Market Sentiment and Performance - The phrase "buy the rumor, sell the news" is relevant to Bittensor's recent price action, as the excitement surrounding the halving did not translate into sustained price increases [4][5]. - Bittensor's consistent decline this year is attributed to broader concerns regarding AI valuations, affecting both high-profile equities and blockchain projects like Bittensor [6]. - The lack of new AI application launches has contributed to Bittensor's inability to reach its previous peaks in 2024, raising concerns about its future performance [6].

Key Points Bitwise submitted registration documents yesterday to launch a new spot ETF tracking the price of Sui. This application adds to the existing proposals on the SEC's desk, with two other prospective funds awaiting approval. Capital flows matter a great deal in the digital assets space, so increased fervor from institutional players could be a big upside catalyst for Sui over the long-term. 10 stocks we like better than Sui › With many investors now viewing certain key developments this ...

Core Insights - Tokenisation is emerging as a significant trend in the financial sector, with major players like Robinhood, Kraken, and Superstate launching tokenised stocks for 24/7 trading of digital shares by 2025 [1] - The tokenised assets market is expected to expand significantly by 2026, particularly into private markets, which have traditionally been dominated by institutional investors [2] - Retail investors are projected to gain access to a market estimated by BlackRock to grow by 53% to $20 trillion by 2030, with tokenised assets potentially reaching a combined value of $35 trillion by the same year [3] Industry Developments - The integration of traditional finance with crypto is becoming more pronounced, driven by regulatory clarity, political support, and industry maturation, leading to increased institutional investment in crypto ETFs and blockchain infrastructure [4] - Current tokenisation efforts are facing challenges due to fragmentation, limiting the ability for traders to move digital assets freely across platforms [5] - Regulatory clarity is essential for the advancement of tokenisation, particularly regarding geolocking and varying regulatory requirements across different regions [6][7]

Core Viewpoint - Terraform Labs' bankruptcy administrator has filed a lawsuit against Jump Trading, alleging that the trading firm profited from and contributed to the collapse of the crypto company in 2022, which resulted in significant investor losses estimated at $40 billion [1][4]. Group 1: Company Background - Terraform Labs was launched in 2018 and was once a leading player in the cryptocurrency sector [1]. - The company's twin cryptocurrencies, TerraUSD (UST) and LUNA, collapsed in 2022, leading to substantial financial losses for investors [1]. Group 2: Legal Proceedings - The bankruptcy administrator, Todd Snyder, has been appointed to manage Terraform Labs' finances during its Chapter 11 bankruptcy process, which was filed in January 2024 [3][4]. - Snyder has sued Jump Trading, its co-founder William DiSomma, and former president Kanav Kariya in the U.S. District Court for the Northern District of Illinois, seeking $4 billion in damages [4]. - The lawsuit accuses Jump Trading of market manipulation, self-dealing, and misuse of assets, claiming that the firm enriched itself while leaving crypto investors to bear the losses [5]. Group 3: Founder’s Legal Issues - Do Kwon, the founder of Terraform Labs, was arrested in March 2023 while attempting to flee to Dubai and has since been extradited to the U.S. [2]. - He was found guilty of nine charges, including fraud and money laundering, and sentenced to 15 years in prison, along with a forfeiture of $19 million in illicit gains [2]. - South Korean authorities may initiate a separate trial against Kwon, potentially leading to additional penalties [3].