Day: December 2, 2025

All crypto assets except Bitcoin are risky

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Key Takeaways Gary Gensler, former SEC Chair, stated that all crypto assets except Bitcoin are highly risky and speculative. Gensler argued that Bitcoin is distinct from other digital assets in the eyes of regulators, often viewed as a commodity. Share this article Former SEC Chair Gary Gensler has distinguished Bitcoin from other digital assets, stating that every crypto asset except Bitcoin is highly risky and speculative. “The American public and the worldwide public have been fascinated with cryptocurrencies. But it’s a highly speculative, volatile asset,” said Gensler on Bloomberg TV…

Prediction Market Kalshi Raises $1B at $11B Valuation

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Prediction market Kalshi has closed a $1 billion funding round at a valuation of $11 billion, after seeing its best-ever monthly volume in November. Confirming an earlier report by TechCrunch, Kalshi said on Tuesday that its latest Series E round was led by the crypto-focused venture firm Paradigm, with participation from other crypto-engaged VCs Sequoia, Andreessen Horowitz and Cathie Wood’s ARK Invest. “Kalshi is replacing debate, subjectivity, and talk with markets, accuracy, and truth,” said Kalshi CEO Tarek Mansour. “We have created a new way of consuming and engaging with…

Is Bitcoin Near a Bottom? Early Indicators Point to Yes (Bitfinex Alpha)

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Bitfinex Alpha reveals that selling pressure has reduced, and BTC is close to its lowest point in this cycle. The recent market downtrend has left many bitcoin investors and market enthusiasts in confusion. This is because predictors and a few factors point to a further downtrend, while some claim that the world’s leading crypto sits at a powerful support zone. Obviously, BTC witnessed a significant price recovery last week, jumping by about 15% to surpass $93,000. However, this move was short-lived, as it plunged by $84,000 on Monday amid…

Group of EU Banks Push for a Euro-Pegged Stablecoin by 2027: Report

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A group of 10 banks plans to introduce a euro-pegged stablecoin in 2026 under an entity authorized by the Dutch Central Bank. In a Tuesday notice, ​​BNP Paribas said it would join nine other EU-based banks in an effort to launch a euro-backed stablecoin “in the second half of 2026.” The Amsterdam-based entity formed by the banks, Qivalis, will launch a stablecoin compliant with the region’s Markets in Crypto-Assets (MiCA) framework, subject to regulatory approval. “A native euro stablecoin isn’t just about convenience — it’s about monetary autonomy in the…

XRP’s Largest Wallets Shrink in Number as Holdings Hit 48B Tokens

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The number of 100M+ XRP wallets dropped 20.6% over eight weeks, with 569 wallets exiting this category. XRP’s largest on-chain wallets show a mixed shift in recent weeks. New data from analytics firm Santiment reveals contrasting movements in wallet numbers and balances. The platform reports that the group of wallets holding at least 100M XRP has shrunk. It also notes that the total coins held by the remaining wallets have reached a multi-year peak. Large XRP Wallets Shrink Over 20% According to Santiment, the number of 100M+ XRP wallets…

ETH Hits $3K But It’s Too Early To Call A Reversal

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Key takeaways: The ETH futures premium and the put options skew indicate that traders are hedging aggressively despite an 8% price rebound. Ethereum’s weekly fees slid 49% amid weakened DEX activity, while Tron and Solana fees rose 9%. Ether (ETH) gained 8% on Tuesday but stalled near $3,000 as derivatives markets signaled doubt about further upside. The move tracked the broader cryptocurrency rally as traders priced in better odds of new economic stimulus, especially after stress in Japan’s government-bond market on Monday. ETH/USD (left) vs. Total crypto capitalization/USD (right). Source:…

Taurus Adds Everstake Integration to Expand Institutional Staking Options

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Taurus has entered into a partnership with Everstake that will integrate enterprise staking into its custody system for institutional clients, offering access to yield generation across proof-of-stake networks. Taurus, a Swiss FINMA-regulated digital asset infrastructure provider, will integrate Everstake’s non-custodial staking services into its custody stack, according to Tuesday’s announcement from the company.  The move enables banks and institutional clients using Taurus to delegate assets such as Solana (SOL), Near Protocol (NEAR), Cardano (ADA), and Tezos (XTZ) to Everstake’s validators while keeping private keys and operational control within their existing…

Kraken Acquires Backed Finance to Expand xStocks Tokenized Equities

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US-based crypto exchange Kraken has agreed to acquire Backed Finance AG, the company behind the issuance of xStocks, adding to a string of acquisitions the exchange has made this year while bringing the tokenized-equities platform under its roof. According to Tuesday’s announcement, Kraken plans to integrate xStocks’ issuance, trading and settlement more tightly into its products, including its global money app, while expanding support to additional blockchains and markets.  XStocks is a platform that issues tokenized versions of publicly traded equities, such as stocks and exchange-traded funds (ETFs). It currently…

Crypto Sell-Off Puzzles Wall Street Veteran as Stocks, Gold, AI Surge

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Bitcoin’s drop below $84K puzzled analysts as stocks, gold, and AI sectors hit record highs, creating one of crypto’s strangest divergences. The cryptocurrency market opened December with another big drop, with CoinGecko data showing Bitcoin (BTC) falling below $84,000 on the first day, and dragging the total market value below $3 trillion. For some industry watchers, the dip feels off, given it is coming at a time when there are record-setting performances in traditional equities, gold, and other risk assets. A Baffling Divergence from Macro Tailwinds Jeff Dorman, Chief…

SEC pushes back on high-leverage ETF plans tied to crypto and tech stocks

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Key Takeaways SEC enforcement of Rule 18f-4 prompts revisions to 3x leveraged ETF filings tied to crypto and tech stocks. Direxion’s proposed ETFs tracking Bitcoin, Ethereum, and tech sectors fall under new scrutiny. Share this article The SEC has requested revisions to multiple ETF filings that propose 3x and 5x leverage ratios to ensure compliance with Rule 18f-4, a regulation governing derivatives use by registered investment companies. Rule 18f-4 requires funds to adopt risk management programs and adhere to value at risk limits for leveraged products. The regulation generally limits…