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Is the Santa Rally driven by retail FOMO or whale-sized capital flows? Here’s what actually fuels December’s market surge in stocks and crypto. Traditionally tied to the last five trading days of December and the first two of January, the Santa Rally now influences Bitcoin and major altcoins as seasonal optimism, low liquidity and renewed risk appetite shape year-end trading. With institutional desks quiet during the final week of December, even small retail trades can move prices. Social media narratives, year-end bonuses and FOMO often amplify that effect. Retail traders chase narratives, quick trends and speculative opportunities, while whales focus on risk management, balance-sheet adjustments and optimizing capital ahead of the new year. Read more
Many users reported not having access to websites, including Coinbase and Blockchain.com, and social media platforms after Cloudflare reported an “internal service degradation.” Cloudflare, the company responsible for providing network services to websites and platforms across the internet, reported disruptions, which removed access to the front end of many cryptocurrency websites and communications through social media. In a Tuesday update to its system status, Cloudflare said it had implemented a fix after reporting an “internal service degradation” at 11:48 am UTC. “[W]e believe the incident is now resolved,” said Cloudlfare in an update on its status. “We are continuing to monitor for errors to ensure all services are back to normal.” Read more
Brazil is reportedly considering imposing a tax on the use of cryptocurrency for international payments, as it aligns its rules with a global standard for sharing tax data. Brazil is reportedly weighing a tax on the use of cryptocurrencies for international payments as it moves to adopt a global crypto tax reporting data exchange framework. A Tuesday Reuters report, citing “officials with direct knowledge of the discussions,” claims that the Brazilian government aims to tax cryptocurrency use for international payments. During the confidential talks, representatives of the country’s finance ministry reportedly expressed interest in expanding the Imposto sobre Operações Financeiras (IOF) tax to include some digital asset-based cross-border transactions. Read more
Bitcoin analysts are divided over whether the four-year cycle is in play or not as the price plunges: Trade Secrets Is this crypto market cycle over after four years or should the four-year crypto market cycle theory itself be consigned to history? Swan Bitcoin CEO and Bitcoin advocate Cory Klippsten leans toward the latter view. There is a very good chance that Bitcoins famous four-year price cycles are over, killed by institutional adoption, Klippsten tells Magazine. The debate has Bitcoin analysts around the world divided. Some insist the four-year cycle is still alive; others say it is dead and argue that Bitcoin is following a completely different path altogether. So whos right? Read more
Bitcoin analysts are divided over whether the four-year cycle is in play or not as the price plunges: Trade Secrets Is this crypto market cycle over after four years or should the four-year crypto market cycle theory itself be consigned to history? Swan Bitcoin CEO and Bitcoin advocate Cory Klippsten leans toward the latter view. There is a very good chance that Bitcoins famous four-year price cycles are over, killed by institutional adoption, Klippsten tells Magazine. The debate has Bitcoin analysts around the world divided. Some insist the four-year cycle is still alive; others say it is dead and argue that Bitcoin is following a completely different path altogether. So whos right? Read more
Private key theft has become an automated, industrialized threat, highlighting the need for crypto users to remain vigilant, according to a report by GK8, a subsidiary of Galaxy Digital. Private key theft is no longer just another way hackers attack crypto users — it has become a full-fledged business, according to GK8, a crypto custody expert owned by Mike Novogratz’s crypto investment platform Galaxy Digital. In a report published Monday, GK8 detailed how private key theft has evolved into an industrialized operation, highlighting the rise of black market tools that allow perpetrators to locate and steal someone’s seed phrase. The study pointed to several tools, such as malware infostealers and seed phrase finders, that can scan files, documents, cloud backups and chat histories to quickly extract a user’s private key, effectively giving attackers full control over their assets. Read more
About 60% of aPriori’s APR airdrop was claimed by a single entity across 14,000 interconnected wallets, according to Bubblemaps. Web3 startup aPriori has gone quiet after fresh allegations over its latest token airdrop, as onchain analysts flag unusually concentrated distribution patterns. About 60% of the recent aPriori (APR) token airdrop was claimed by a single entity across 14,000 interconnected cryptocurrency wallets, according to blockchain analytics platform Bubblemaps. The wallets were freshly funded through crypto exchange Binance with 0.001 BNB (BNB) each over a short period, Bubblemaps said. All of the addresses then sent their APR allocations to new wallets. Read more
Pi is turning its giant mobile community into a distributed compute grid, testing whether AI can run on a global crowd instead of the cloud. Before talking about “50 million nodes reshaping AI,” it helps to look at what Pi Network actually has today. Pi began as a smartphone mining app and grew into one of the largest retail crypto communities, with tens of millions of registered “Pioneers.” Read more
El Salvador says it has bought 1,090 BTC worth over $100 million, raising questions about an IMF loan pledge to limit Bitcoin exposure and fiscal risks. El Salvador, the first country to adopt Bitcoin as legal tender, says it has bought more than $100 million in BTC despite pledging to the International Monetary Fund (IMF) to limit public exposure to the asset as part of a loan agreement. According to data from El Salvador’s Bitcoin Office, the government acquired 1,090 Bitcoin (BTC) worth more than $100 million on Tuesday. The purchase comes after the IMF said in a July report that the Central American nation had not bought any new Bitcoin since the organization approved a $1.4 billion loan program at the end of 2024. According to El Salvador’s Bitcoin reserve data, the country’s Bitcoin holdings went from 5,968 BTC on Dec. 18, 2024 — when the government inked a deal with the IMF — to over 7,474 BTC following its latest purchase announcement. Read more
Mastercard is rolling out verified, human-readable crypto aliases to self-custody wallets, using Polygon for onchain support and Mercuryo for identity verification. Mastercard is expanding its Crypto Credential program to self-custody wallets, allowing users to send and receive cryptocurrencies using verified, username-style aliases instead of long wallet addresses. Polygon will be the first blockchain to support the rollout, while payments firm Mercuryo will handle identity verification and issue the aliases to users, according to a Tuesday press release shared with Cointelegraph. “By streamlining wallet addresses and adding meaningful verification, Mastercard Crypto Credential is building trust in digital token transfers,” said Raj Dhamodharan, executive vice president of blockchain and digital assets at Mastercard. Read more
Wallets tied to the Libra token continue to draw liquidity and have purchased $61.5 million in Solana, despite asset freezes and fraud probes. Wallet addresses tied to the controversial Libra (LIBRA) token are still pulling money from the failed memecoin and rotating it into other cryptocurrencies despite asset freezes and ongoing fraud investigations. The wallets associated with the Libra token — which was controversially endorsed by Argentine President Javier Milei — have withdrawn nearly $4 million in liquidity from the memecoin to buy the Solana (SOL) dip. After the withdrawal, two cryptocurrency wallets associated with the Libra team acquired $61.5 million worth of SOL at an average price of $135, according to blockchain data platform Onchain Lens. Read more
Southeast Asian super app Grab’s MOU with StraitsX shifts its Web3 efforts from pilots to infrastructure, exploring a unified stablecoin settlement layer across Asia. Grab, Southeast Asia’s largest super-app, is taking a deeper step into stablecoin infrastructure with a new exploratory agreement with StraitsX, a Singapore-based stablecoin issuer. The two companies announced on Tuesday that they had signed a memorandum of understanding (MOU) to develop a Web3-enabled settlement layer that brings digital asset wallets, programmable payments and stablecoin-based clearing into everyday consumer experiences. If approved by regulators and implemented, the system would allow Grab users to hold and spend StraitsX-issued tokens like XSGD and XUSD directly within the app, which is available in Singapore, Malaysia, Indonesia, Thailand, Vietnam, the Philippines, Cambodia and Myanmar. Read more
Crypto stocks plunged on Monday, with Coinbase, Marathon Digital, Riot, CleanSpark, Circle and Strategy all sliding sharply. Cathie Wood’s ARK Invest ramped up its exposure to crypto exchange Bullish on Monday, buying $10.2 million worth of shares as its stock slid to a fresh record low during a brutal downturn for publicly traded crypto firms. According to ARK’s daily trade disclosure, the ARK Innovation ETF (ARKK) added 191,195 Bullish shares, while ARKW bought 56,660. The ARKF fund also picked up 29,208 shares. The move comes as Bullish (BLSH) tumbled 4.5% to $36.75 on Monday, extending a months-long slide that has pushed the stock down nearly 46% over the past six months. Read more
Mt. Gox just moved 10,608 BTC worth $953 million, its first big transfer in months, as $4 billion in creditor repayments stay delayed until October 2026. Defunct Japanese cryptocurrency exchange Mt. Gox has made its largest Bitcoin move in eight months, even as it pushes back creditor repayments until late 2026. The Mt. Gox-labelled cold wallet transferred 10,608 Bitcoin (BTC) worth over $953 million into a new cryptocurrency wallet, marking its first large-scale transfer in eight months. The transfer was also the first movement above $1 million from the address since March 25, when 893 BTC worth $77.3 million were moved, according to Arkham. Read more
Bitcoin and Ether ETFs saw another day of heavy withdrawals, while Solana ETFs maintained an uninterrupted inflow streak since launch. Bitcoin’s rapid pullback has pushed the average US spot Bitcoin exchange-traded fund (ETF) investor into the red for the first time since the products launched. The flow-weighted cost basis across all US Bitcoin (BTC) ETFs sits near $89,600, a level Bitcoin fell below on Tuesday, leaving the cohort underwater, Glassnode analyst Sean Rose told Bloomberg on Tuesday. Some early buyers, particularly those who entered when Bitcoin was between $40,000 and $70,000, still remain in profit. “Even with the average ETF cost basis above spot, most ETF holders are long-term allocators, so being underwater doesn’t trigger quick exits,” Vincent Liu, the chief investment officer at quantitative trading firm Kronos Research, told Cointelegraph. Read more
The Securities and Exchange Commission’s latest examination priorities document didn’t mention crypto as an area of focus for the coming year, unlike in previous years. The US Securities and Exchange Commission’s latest document on its examination priorities for 2026 has noticeably omitted its regular section on crypto, seemingly in line with US President Donald Trump’s embrace of the industry. On Monday, the SEC’s Division of Examinations released its examination priorities for the fiscal year ending Sept. 30, 2026, which made no specific mention of crypto or digital assets. However, the SEC said that its stated priorities are not “an exhaustive list of all the areas the Division will focus on in the upcoming year.” Read more
Cody Carbone, CEO of The Digital Chamber, said in a statement that through collaboration with nonprofit Future Caucus, the initiative hopes to develop leaders ready to introduce and support crypto legislation. Crypto advocacy group The Digital Chamber has launched a new initiative to drive digital asset policies at the state level across the US and educate lawmakers in the lead-up to the 2026 midterm elections. Called the State Network, the initiative is aimed at establishing a collaborative ecosystem connecting policymakers, regulators and people in the industry who want to advance blockchain adoption across the US, The Digital Chamber announced on Monday. Inaugural members of the network include Michael Saylor’s company Strategy, proof-of-stake public distributed ledger Hedera and blockchain infrastructure research company Input Output, according to The Digital Chamber. Read more
The White House is reviewing a proposal to join an international crypto tax standard that could deter Americans from moving their digital assets to offshore exchanges. The White House is reviewing the Internal Revenue Service’s proposal to join the global Crypto-Asset Reporting Framework, which would provide the tax department with access to Americans’ foreign crypto account data. Adoption of the “Broker Digital Transaction Reporting” proposal — submitted to the White House last Friday — would put the US crypto tax system in line with 72 other countries that have committed to implementing CARF by 2028. While the proposal wasn’t categorized as “economically significant” by the IRS, the rule would force Americans to be far more stringent in reporting capital gains tax from foreign crypto platforms. Read more
LevelField could become the first crypto-friendly FDIC-insured bank to offer crypto services after receiving approval from the Illinois financial regulator to acquire Burling Bank. Digital asset-focused fintech firm LevelField Financial said it has secured conditional regulatory approval to acquire Chicago-based Burling Bank, marking one of the most notable crypto-banking acquisitions in recent months. The move could see LevelField become the first Federal Deposit Insurance Corporation-insured chartered bank to offer certain crypto-integrated banking services across all US states and territories, LevelField said in a statement on Monday. Details of the deal weren’t disclosed. The approval from the Illinois Department of Financial and Professional Regulation puts Burling Bank one step closer to being renamed LevelField Bank. The parties are still awaiting approval from the Board of Governors of the Federal Reserve to become a bank holding company. Read more
ETH price fell below $3,000 for the first time since July. Cointelegraph explains what is required for a trend reversal. Key takeaways: ETH falls to a 4-month low despite recent layer-2 growth cutting base fees and boosting Ethereum’s use in tokenization and stablecoin. ETH may recover as global risks ease and new liquidity enters markets, helping the price move back toward $3,900. Read more8149 items