Found 6874 news
A clear look at Strategy’s Bitcoin model, the conditions that could trigger sales and how to understand future updates within the proper context. Strategy is the largest corporate Bitcoin holder, with roughly 650,000 BTC on its balance sheet. The company’s model hinges on raising capital and converting it into BTC while keeping its market-cap-to-Bitcoin value (mNAV) above 1. CEO Phong Le has described any Bitcoin sale as a “last resort” option that would be considered only if mNAV drops below 1 and access to new capital meaningfully deteriorates. Read more
ABTC shares plunged by more than 50% in early trading as the broader crypto market downturn triggered a sharp repricing of mining and treasury stocks. Shares of American Bitcoin Corp (ABTC), the Bitcoin-mining and treasury company headed by Eric Trump, plunged on Tuesday as difficult market conditions continued to pressure crypto-linked equities. ABTC, which debuted on the Nasdaq in early September following a reverse merger with Gryphon Digital Mining, lost more than half its value in early trading. The stock reached an intraday low of $1.75, representing a 51% decline on the day, according to data from Yahoo Finance. The shares are now down roughly 78% from their post-listing high of $9.31 on Sept. 9, underscoring the broad unwinding across the digital-asset sector and its spillover into related equities. Read more
Paul Atkins spoke from the NYSE on Tuesday, saying that the SEC planned to unveil an innovation exemption for crypto projects ”in a month or so.” Paul Atkins, chair of the US Securities and Exchange Commission, said that the agency can continue advancing digital asset regulation without legislation from Congress, signaling his expectations for the industry in 2026. In a CNBC interview released on Tuesday, Atkins said the SEC was providing “technical assistance” as Congress considered legislation for digital asset regulation, likely referring to the market structure bill working its way through the US Senate. Atkins said that although the agency’s operations were impacted by the longest US government shutdown in the country’s history, he continued to make progress on “rules that are focused on helping [the crypto] sector.” “We have enough authority to drive forward,” said Atkins. “I’m looking forward to having an innovation exemption that we’ve been talking about now. We’ll be able to get that out in a month ...
Texas’ Bitcoin reserve initiative under SB 21 signals a shift in how governments may approach digital assets and how it could influence the financial system at a macro level. Texas became the first US state to add Bitcoin exposure to a state-managed investment portfolio by purchasing about $5 million of BlackRock’s IBIT ETF through its newly created Texas Strategic Bitcoin Reserve. SB 21 shifted Texas from a crypto mining hub to an active digital asset investor. The bill authorizes the state comptroller to buy, hold and sell Bitcoin using a legislature-approved $10-million fund. The initial allocation is small relative to Texas’ overall investment portfolio, which holds more than $667 million in S&P 500 ETFs. This signals a cautious and exploratory step. Read more
Ether risks a deeper sell-off toward $2,500–$2,200 as MVRV support weakens and a bearish pennant threatens to break lower. Ethereum’s native token, Ether (ETH), extended its downturn into December after falling roughly 30% over the past three months, raising worries about how much further the sell-off could run by year’s end. Key takeaways: ETH could slide toward $2,500–$2,200 if MVRV support and the pennant break down. Read more
Concordium has added ID checks to stablecoin payments, enabling AI systems to purchase restricted goods and services online. Update (Dec. 2, 16:20 UTC): This article has been updated to clarify that x402 was initially incubated by Coinbase and is not owned by the exchange. Concordium’s identity and age-verification system has added support for x402 in a move aimed at enabling AI agents to make automated stablecoin payments. Announced Tuesday, the integration is designed to allow AI-powered applications to pay for goods and services that require identity verification, including travel bookings, online content, video games and other age-restricted services. Read more
Spot XRP ETFs recorded inflows for 11 consecutive days as the RSI formed a bullish divergence on the price charts, early signs that a rally was in the cards. Spot XRP exchange-traded funds (ETFs) continued to attract investors, recording their eleventh straight day of inflows, underscoring institutional demand. But is this enough to keep the XRP (XRP) price above $2 and trigger a sustained recovery? Key takeaways: Spot XRP ETFs have attracted over $756 million in inflows since their launch. Read more
Russia’s central bank is considering scrapping its strict requirements for crypto transactions as sanctions make it hard for Russians to transact internationally. An official from the Bank of Russia suggested easing restrictions on cryptocurrencies in response to the sweeping sanctions imposed on the country. According to a Monday report by local news outlet Kommersant, Bank of Russia First Deputy Governor Vladimir Chistyukhin said the regulator is discussing easing regulations for cryptocurrencies. He explicitly linked the rationale for this effort to the sanctions imposed on Russia by Western countries following its invasion of Ukraine in February 2022. Chistyukhin said that easing the crypto rules is particularly relevant when Russia and Russians are subject to restrictions “on the use of normal currencies for making payments abroad.” Read more
Crypto gaming could thrive if the US Clarity Act passes Congress, but the sector should broaden beyond crypto-only models: Web3 Gamer Crypto will start to become adopted by multibillion-dollar gaming giants after the CLARITY Act advances through US Congress, according to Robbie Ferguson, founder of Immutable. I expect to see a ton of companies to come out of the woodwork with ultimately programmable loyalty and incentive schemes that are far more efficient than whatever their existing system is using, Ferguson said during an interview on TradeTalks on Wednesday. Were already in conversation with mult-billion dollar public gaming companies who are considering launching tokens as incentives for their end players, but what they need is complete clarity and certainty on how they can do that in a lawful way, Ferguson said. Read more
Crypto gaming could thrive if the US Clarity Act passes Congress, but the sector should broaden beyond crypto-only models: Web3 Gamer Crypto will start to become adopted by multibillion-dollar gaming giants after the CLARITY Act advances through US Congress, according to Robbie Ferguson, founder of Immutable. I expect to see a ton of companies to come out of the woodwork with ultimately programmable loyalty and incentive schemes that are far more efficient than whatever their existing system is using, Ferguson said during an interview on TradeTalks on Wednesday. Were already in conversation with mult-billion dollar public gaming companies who are considering launching tokens as incentives for their end players, but what they need is complete clarity and certainty on how they can do that in a lawful way, Ferguson said. Read more
Bitwise Onchain Solutions discusses how Ethereum’s Fusaka upgrade trades big‑bang hard forks for faster, targeted changes that make the network more strategic. Ethereum’s upcoming Fusaka upgrade on Wednesday is being framed as just another scaling step, but it marks a shift in how the network ships change. Instead of massive, multi‑year overhauls, Fusaka is the first proof that Ethereum can deliver focused, high‑impact upgrades in something closer to six months. At the center of Fusaka is Ethereum Improvement Proposal (EIP)‑7594, Peer Data Availability Sampling (PeerDAS), the technical headline that changes how Ethereum handles data from rollups without forcing node operators to buy data‑center hardware or compromise on decentralization, in line with the roadmap the Ethereum Foundation laid out for the next 12 months. “Ethereum is now trying to be more strategic in what it’s delivering and how quickly it’s delivering it,” Chris Berry, head of onchain engineering at Bitwise Onchain Solutions, one of the longes...
Bank of America’s wealthiest clients will gain access to Bitcoin ETFs, while its network of over 15,000 wealth advisers can recommend crypto exposure for the first time, Yahoo reported. More big-name financial institutions are opening the door to Bitcoin exposure, signaling a growing institutional appetite for regulated digital asset products. Bank of America, the second-largest US bank, reportedly recommended a 1%–4% cryptocurrency allocation to its wealth management clients through the Merrill, Bank of America Private Bank and Merrill Edge platforms, according to a statement shared with Yahoo Finance on Tuesday. “For investors with a strong interest in thematic innovation and comfort with elevated volatility, a modest allocation of 1% to 4% in digital assets could be appropriate,” said Chris Hyzy, chief investment officer at Bank of America Private Bank, in the statement shared with Yahoo. Read more
Trust Wallet is the latest crypto wallet to tap into prediction markets, starting with Myriad, highlighting an increasing trend of bundled trading tools. Trust Wallet, the self-custodial crypto wallet owned by Binance co-founder Changpeng “CZ” Zhao, is the latest wallet to tap into prediction markets. Trust Wallet has launched Predictions, a new wallet-native section allowing users to trade and earn on real-world events with full self-custody, the company announced Tuesday. “Eligible users can view events, take positions on outcomes such as yes or no and track how each event develops over time, all within their existing Trust Wallet,” Trust Wallet said. Read more
Bitcoin velocity RSI produced a rare bear market bottom signal as BTC price losses sparked a return to extreme "oversold" conditions. Bitcoin (BTC) is printing a key bear market bottom signal at $87,000 as analysis says that BTC price history may repeat. Key points: Bitcoin’s velocity RSI metric returns to levels seen only around bear market bottoms. Read more
The UK is reportedly considering a ban on political crypto donations as Reform UK tops the polls, raising questions about funding transparency and potential foreign influence. The United Kingdom is considering a ban on crypto donations to political parties, a move that would directly affect Reform UK and its leader, Nigel Farage, who have leaned into digital assets as part of a pitch for a crypto revolution in Britain, according to Politico. The option is being discussed as part of an Elections Bill intended to bolster trust in politics, even though a ban was not included in an earlier policy paper, Politico reported on Tuesday, citing people familiar with the matter. The report claimed that a government spokesperson did not deny that the plan is under review, saying further details will be set out in the bill. Read more
Commercial AI models were able to autonomously generate real-world smart contract exploits worth millions; the costs of such attacks are falling rapidly. Recent research by major artificial intelligence company Antropic and AI security organization Machine Learning Alignment & Theory Scholars (MATS) showed that AI agents collectively developed smart contract exploits worth $4.6 million. Research released by Anthropic’s red team (a team dedicated to acting like a bad actor to discover potential for abuse) on Monday said that currently available commercial AI models are capable of exploiting smart contracts. Anthropic’s Claude Opus 4.5, Claude Sonnet 4.5 and OpenAI’s GPT-5 collectively developed exploits worth $4.6 million when tested on contracts, exploiting them after their most recent training data was gathered. Read more
RedotPay said users can convert cryptocurrency into Nigerian naira and receive funds directly in their local bank accounts within minutes. RedotPay has teamed up with Ripple to launch “Send Crypto, Receive NGN,” a new feature that lets users convert digital assets into Nigerian naira and receive the funds in local bank accounts within minutes. The service is built on Ripple Payments and supports a basket of major tokens at launch, including USDC (USDC), USDt (USDT), Bitcoin (BTC), Ether (ETH), Solana (SOL), Tron (TRX), XRP (XRP) and BNB (BNB), with Ripple USD (RLUSD) expected to be added later, Ripple said in a Tuesday announcement. “RedotPay is building stablecoin‑powered payments that make digital assets as easy to use as local currency, where users can send XRP or stablecoins securely and receive NGN within minutes,” RedotPay’s CEO Michael Gao said. Read more
A similar setup in 2023 preceded a 340% Bitcoin rally, reinforcing the argument that BTC is undervalued at current prices. Bitcoin (BTC) has been in a downtrend since early October, with the price dropping below its network value, suggesting a possible recovery in 2026. Key takeaways: Bitcoin price dropped below its fair value, a setup that has historically preceded positive one-year returns. Read more
Grayscale said Bitcoin’s 2025 sell-off looks like a local bottom, not a new cycle peak, with Fed policy and US crypto bills key for 2026. Bitcoin’s latest pullback may already be bottoming out, with asset manager Grayscale arguing that the market is on track to break the traditional four-year halving cycle and potentially set new all-time highs in 2026. Some indicators are already pointing to a local bottom, not a prolonged drawdown, including Bitcoin’s (BTC) elevated option skew rising above 4, which signals that investors have already hedged “extensively” for downside exposure. Despite a 32% decline, Bitcoin is on track to disrupt the traditional four-year halving cycle, wrote Grayscale in a Monday research report. “Although the outlook is uncertain, we believe the four-year cycle thesis will prove to be incorrect, and that Bitcoin’s price will potentially make new highs next year,” the report said. Read more
Vanguard CEO Salim Ramji ruled out crypto ETFs on its platform in August, but consistent demand for crypto has seemingly changed his firm’s tune. Vanguard, the second-largest asset manager in the world, is set to allow its clients to start trading crypto exchange-traded funds and mutual funds on its platform starting Tuesday, reversing its previous stance on digital asset ETFs. Spurred by persistent retail and institutional demand, Vanguard will permit third-party access to crypto ETFs and mutual funds similar to how the firm treats gold, a Vanguard spokesperson confirmed to Cointelegraph in a statement. Bloomberg reported that only ETFs that meet regulatory standards will be included, such as Bitcoin (BTC), Ether (ETH), XRP (XRP) and Solana (SOL)-related ETFs. Read more6874 items