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Terraform Liquidators Allege Jump Trading Helped Fuel Crypto’s Biggest Crash: Report
Yahoo Finance· 2025-12-19 04:53
Core Viewpoint - The administrators of Terraform Labs are suing Jump Trading for $4 billion, alleging that Jump profited from the collapse of Terra and engaged in manipulative practices that harmed investors [1][2]. Group 1: Lawsuit Details - The lawsuit was filed by Todd Snyder, the court-appointed plan administrator for Terraform's bankruptcy, in federal court in Illinois [1]. - The complaint accuses Jump Trading of exploiting the Terraform ecosystem through manipulation and self-dealing, which enriched Jump while devastating investors [2]. - Snyder claims that Jump entered a secret arrangement to support the TerraUSD peg before its collapse and profited significantly from the situation [4]. Group 2: Impact of Terraform's Collapse - The collapse of Terraform erased approximately $40 billion in value and had widespread repercussions across the crypto industry, affecting lenders, funds, and exchanges [3]. - The failure of Terraform led to the downfall of major entities like Three Arrows Capital, as confidence in the market evaporated [3]. - Terraform filed for bankruptcy in January 2024, recovering about $300 million for creditors as it unwinds its remaining assets [3]. Group 3: Regulatory Actions and Consequences - Jump Trading reportedly made around $1 billion in profit from trading Luna, as indicated by the SEC in court filings [4]. - Terraform's former leadership, including Do Kwon, faced significant legal challenges, culminating in a $4.5 billion settlement with the SEC and a 15-year prison sentence for Kwon [5].
Asia Market Open: Bitcoin Slides As Asian Markets Take Cues From Tech Recovery
Yahoo Finance· 2025-12-19 02:56
Bitcoin slipped to around $85,200 on Friday as Asian stocks steadied after a tech-led bounce on Wall Street, and traders turned their attention to Japan, where a Bank of Japan rate move later in the day could jolt currencies and bonds. The mood improved after a shock slowdown in US consumer price inflation to 2.7%, although analysts cautioned the reading looked clearly distorted lower by the government shutdown and should not be taken at face value. Market snapshot Bitcoin: $85,811, down 1% Ether: $2, ...
Bitcoin, Ethereum, Solana To Hit All-Time Highs In 2026, Bitwise Predicts
Yahoo Finance· 2025-12-19 02:31
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Asset management firm Bitwise expects 2026 to be a breakout year for crypto, with Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Solana (CRYPTO: SOL) all pushing to new all-time highs as institutional forces reshape the market. What Happened: In its 2026 Outlook, Bitwise argues the traditional four-year crypto cycle is fading. Institutional adoption, spot ETF flows, on-chain growth, and a pro-crypto r ...
Cathie Wood Dumps $11 Milllion Worth Of Tesla Stock While Doubling Down On These Notable Crypto Plays - Tesla (NASDAQ:TSLA)
Benzinga· 2025-12-19 02:05
Tesla Trade - Ark Invest sold 23,110 shares of Tesla through its ARK Innovation ETF, valued at approximately $11.2 million, amid a stock pullback after reaching all-time highs earlier in the week [2] - Despite the recent dip, Tesla's stock closed at $483.37 on Thursday, marking a 3.45% increase, indicating ongoing market interest [3] Coinbase Trade - Ark Invest purchased 17,386 shares of Coinbase across multiple ETFs, valued at approximately $4.15 million, aligning with Coinbase's announcement of launching traditional stock trading [4] - Coinbase's new offering includes commission-free U.S. stock trading with 24-hour access five days a week, aiming to diversify revenue and reduce dependence on volatile crypto trading cycles [5] Brera Holdings Trade - Ark Invest increased its stake in Brera Holdings by purchasing 575,644 shares through various ETFs, valued at approximately $1.4 million, following the company's strategic initiatives [6] - Brera Holdings' stock saw a modest rise of 0.84%, closing at $2.39, reflecting positive market sentiment [6] Other Key Trades - Ark Invest sold 31,149 shares of Ionis Pharmaceuticals Inc. and bought 755,538 shares of Recursion Pharmaceuticals Inc. across different ETFs [8]
PayPal Extends Role of Stablecoin Into Funding AI Projects
PYMNTS.com· 2025-12-18 21:50
Core Insights - PayPal is expanding the role of its stablecoin, PYUSD, into the artificial intelligence finance sector, linking it to on-chain funding mechanisms from USD.AI, which provides credit to AI firms [1][2] - The integration aims to streamline payment workflows with programmable settlement for long-term financing and emerging transactions, showcasing stablecoins as viable settlement instruments for capital-intensive industries beyond cryptocurrency [3] Industry Context - The demand for AI infrastructure is surging, with Morgan Stanley estimating global AI compute spending could reach $6.7 trillion by 2029, exerting pressure on traditional capital markets and payment systems [6] - Capital expenditures for AI are projected to hit $360 billion this year, with Citi forecasting that expenditures among hyperscalers will rise to $490 billion by the end of next year, up from $420 billion [6] Financial Mechanisms - Loans from USD.AI for financing AI-related infrastructure will be denominated in PYUSD, allowing borrowers to have proceeds deposited directly into their PayPal accounts [2] - The use of stablecoins can mitigate payment frictions such as multi-day settlements and foreign exchange slippage, enhancing liquidity management for businesses [4][5] Adoption Incentives - To promote the adoption of PYUSD, PayPal and the USD.AI Foundation will introduce a one-year customer-incentive program offering 4.5% on deposits up to $1 billion starting next month [7]
Altcoins plunge as bitcoin's $85,000 test triggers $550 million in liquidations
Yahoo Finance· 2025-12-18 21:46
Crypto losses accelerated Thursday afternoon as bitcoin (BTC) broke below the key $85,000 support level, dipping to $84,500 — its weakest price in nearly three weeks — before rebounding slightly. The move erased BTC’s morning rally to $89,500 and dragged the broader crypto market lower. Ether (ETH) fell under $2,800, down 1.1% in the past 24 hours, while Solana’s SOL dropped 4% to below $120, its lowest since April. Altcoins led the rout, with Cardano (ADA), Dogecoin (DOGE), and SUI plunging more than 5 ...
Bitcoin Treasury Corporation Highlights 2025 Milestones and Outlines Long-Term Growth Vision
TMX Newsfile· 2025-12-18 21:30
Core Insights - Bitcoin Treasury Corporation is focused on building shareholder value through disciplined execution and growth in Bitcoin Per Share (BPS) while introducing a Bitcoin price risk management program [1][2] Strategic Milestones - Since its listing on the TSX Venture Exchange in June 2025, Bitcoin Treasury has achieved several strategic milestones, including the purchase of 771.37 Bitcoin, signing a consulting agreement with FRNT Financial Inc, and executing its inaugural Bitcoin loan [3][6] - The company has also obtained registration as a Money Services Business (MSB) and announced plans to raise up to CAD $300 million through a short form prospectus [6] Bitcoin Price Risk Management Program - The program aims to enhance income generation by entering into options contracts using Bitcoin inventory, capitalizing on Bitcoin's volatility [3][4] - The approach focuses on disciplined risk management rather than price prediction, allowing the company to earn option premiums and increase BPS without requiring additional capital [4][5] Institutional Adoption and Market Trends - Institutional adoption of Bitcoin is increasing, with spot ETFs holding over $150 billion and pension funds viewing Bitcoin as a standard portfolio component [8] - The company anticipates that as Bitcoin solidifies its status as a store of value, global demand will continue to grow, providing opportunities for revenue generation [2][8] Long-Term Value Creation Strategy - Bitcoin Treasury aims to position itself as Canada's leading institutional-quality Bitcoin treasury company, leveraging its management team's experience in asset management [9][10] - The strategy includes building an institutional Bitcoin services business centered on lending and expanding into liquidity provision and collateral services [11] Capital Formation and Shareholder Value - The company plans to raise capital when it is accretive to BPS, utilizing the advantages of the Canadian capital markets [13] - A Normal Course Issuer Bid (NCIB) will be employed to repurchase shares when trading at a discount, further enhancing BPS [14] Transparency and Governance - Bitcoin Treasury emphasizes transparency with a real-time dashboard displaying Bitcoin holdings and market capitalization, prioritizing accretive growth in BPS while maintaining cash reserves [15]
Trump Media surges 45% on $6B merger with Google-backed firm
Yahoo Finance· 2025-12-18 21:25
Core Insights - Trump Media and Technology Group (TMTG) has entered into a definitive merger agreement with TAE Technologies, a fusion power company, valued at over $6 billion, expected to close in mid-2026 [3][5]. - TMTG holds 11,542 Bitcoin (BTC), valued at more than $1 billion, making it the 11th largest corporate holder of Bitcoin [1][2]. - Following the merger announcement, TMTG's stock surged by as much as 45%, reaching an intraday high of $15.20 before closing at $14.86 [5]. Company Overview - TMTG is the parent company of Truth Social, Truth+, and Truth.Fi, and is majorly owned by U.S. President Donald Trump [1]. - The company has partnered with Crypto.com to explore exchange-traded funds (ETFs) linked to cryptocurrencies and a proposed prediction market [2]. Financial Highlights - TAE Technologies has raised over $1.3 billion in private capital from notable investors including Google, Goldman Sachs, and Charles R. Schwab [4]. - The merger is anticipated to facilitate the construction of the first utility-scale fusion power plant by 2026, aimed at enhancing U.S. competitiveness in the global AI landscape [3][5]. Market Reaction - TMTG's stock was trading at $16.28 at the time of reporting, reflecting a significant increase following the merger announcement [6].
Why 2025 Became the Year Crypto Stopped Chasing Hype
Yahoo Finance· 2025-12-18 21:02
crypto futures trading. Photo by BeInCrypto In 2025, the most influential narratives in crypto shifted away from hype toward utility and systems delivering measurable, real-world impact. The year marked a transition to production-ready systems that enhance the global movement and settlement of value. Experts from SynFutures, Brickken, and Cake Wallet said that stablecoins, privacy, tokenized assets, and applied AI shaped adoption through genuine demand rather than speculation. The Year Crypto Became Infr ...
1 Red Flag for XRP That Investors Shouldn't Ignore
Yahoo Finance· 2025-12-18 20:17
Key Points XRP gained 294% in November and December 2024, but it's down 8% year-to-date in 2025. Some catalysts arrived, but prices kept falling. A steep price drop isn't always a discount; sometimes it's just the market correcting a speculative overshoot. 10 stocks we like better than XRP › XRP (CRYPTO: XRP) jumped sky-high at the end of 2024, gaining a heart-stopping 294% across November and December. XRP enthusiasts and investors expected smooth sailing after the new Trump administration ended ...