Cointelegraph.com
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Cointelegraph.com - 16:51 Dec 06, 2025
Coinbase predicts a December recovery driven by rising global M2 liquidity and lower interest rates, but Fed Chair Powell’s remarks may limit upside, analysts say. Bitcoin's ‘Santa’ rally may be ignited by macroeconomic tailwinds, including the Federal Reserve’s incoming interest rate decision, but fearful investor sentiment may take another hit by any hawkish remarks from central bank officials. Improving liquidity conditions and rising odds of a Federal Reserve interest rate cut may catalyze a recovery in the crypto market during December, according to Coinbase Institutional. “We think crypto could be poised for a December recovery as liquidity improves, Fed cut odds jump to 92% (as of Dec 4), and macro tailwinds build,” wrote Coinbase in a Friday research report. Read more -
Cointelegraph.com - 15:22 Dec 06, 2025
Gold has popped 4,000% following CFTC's approval in the 1970s, leaving Bitcoin and Ethereum with a similar scaling setup. On Thursday, the US Commodity Futures Trading Commission (CFTC) announced that spot Bitcoin (BTC) and Ether (ETH) products will begin trading for the first time on its registered futures exchanges. Here are three reasons why this is a big deal for the top two cryptocurrencies heading into 2026. Key takeaways: Read more -
Cointelegraph.com - 12:31 Dec 06, 2025
Western Union will roll out a “stable card” for high-inflation economies and issue its own coin as part of a multi-pillar stablecoin and digital asset strategy. Western Union has unveiled plans to introduce a new “stable card” to protect users in high-inflation economies as part of its stablecoin strategy. Speaking at the UBS Global Technology and AI conference, chief financial officer Matthew Cagwin said the initiative builds on the company’s investor-day reveal that it is moving beyond traditional cross-border payments and into a multi-pillar digital asset roadmap. Cagwin pointed to Argentina, where annual inflation recently hit 250–300%, noting that remittances can lose nearly half their value in a month. “Imagine a world where your family in the US is sending you $500 home, but by the time you spend it in the next month, it's only worth $300,” he said. Read more -
Cointelegraph.com - 09:35 Dec 06, 2025
New York brokerage Clear Street, a key underwriter of the crypto-treasury boom, is planning a $10–12 billion public listing. Clear Street, a New York brokerage that has become one of the most active underwriters in the crypto-treasury boom, is preparing to go public with an expected valuation of $10 billion to $12 billion. The IPO could come as early as next month, with Goldman Sachs lined up to lead the offering, the Financial Times reported, citing people familiar with the matter. One source reportedly told the FT that the deal is unlikely to price before January. Founded in 2018, Clear Street rose to prominence as dozens of public companies began adopting the “crypto treasury” playbook, raising capital through equity or debt markets and using the proceeds to buy large quantities of Bitcoin (BTC). The strategy was popularized by Michael Saylor’s Strategy, which has accumulated 650,000 BTC through multiple stock and convertible offerings underwritten in part by Clear Street. Read more -
Cointelegraph.com - 07:58 Dec 06, 2025
Bitcoin treasury firms are entering a “Darwinian phase” as equity premiums collapse, leverage turns into downside and DAT stocks flip to discounts, Galaxy warns. Bitcoin treasury companies are entering a “Darwinian phase” as the core mechanics of their once-booming business model break down, according to a new analysis from Galaxy Research. The report said that the digital asset treasury (DAT) trade has reached its natural limit as equity prices fell below Bitcoin (BTC) net asset value (NAV), causing the issuance-driven growth loop to reverse and turning leverage into a liability. That breaking point arrived as Bitcoin dropped from its October peak near $126,000 to lows around $80,000, triggering a sharp contraction in risk appetite and draining liquidity across the market. The October 10 deleveraging event accelerated the shift, wiping out open interest across futures markets and weakening spot depth. Read more -
Cointelegraph.com - 04:36 Dec 06, 2025
The physical Bitcoin collectibles were minted when Bitcoin was trading for just $3.88 and $11.69 each, marking a massive potential return. Two long-dormant Casascius coins — each backed by 1,000 Bitcoin — have just been activated as of Friday, unlocking more than $179 million stashed away for more than 13 years. Onchain data indicates that one of the Casascius coins was minted in October 2012, when Bitcoin was trading for $11.69. The other was minted earlier in December 2011, when Bitcoin was valued at only $3.88, giving that Casascius coin a theoretical return of about 2.3 million percent, not including the cost of minting. Read more -
Cointelegraph.com - 02:34 Dec 06, 2025
Strive CEO Matt Cole has urged the MSCI to “let the market decide” whether they want to include Bitcoin-holding companies in their passive investments. Nasdaq-listed Strive, the 14th-largest publicly-listed Bitcoin treasury firm, has urged MSCI to reconsider its proposed exclusion of major Bitcoin holding companies from its indexes. In a letter to MSCI’s chairman and CEO, Henry Fernandez, Strive argued that excluding companies whose digital asset holdings comprise more than 50% of total assets would reduce passive investors’ exposure to growth sectors and would fail to capture companies it intends to. Losing a spot in MSCI indexes could be a significant blow to digital asset treasury firms. JPMorgan analysts had earlier warned that Strategy, a Bitcoin treasury firm listed in the MSCI World Index, could lose $2.8 billion if MSCI moves ahead with the proposal. Read more -
Cointelegraph.com - 00:23 Dec 06, 2025
Strategy CEO Phong Le said his firm raised 21 months of dividend runway in just eight days to head off investor unease. Strategy CEO Phong Le said part of the reason for establishing a $1.44 billion USD reserve was to alleviate investor concerns over the company’s health amid a Bitcoin slump. “We’re very much are a part of the crypto ecosystem and Bitcoin ecosystem. Which is why we decided a couple of weeks ago to start raising capital and putting US dollars on our balance sheet to get rid of this FUD,” said Le during CNBC’s Power Lunch on Friday. On Monday, Strategy announced the $1.44 billion US dollar reserve, funded through a stock sale. The reserve is intended to maintain an amount sufficient to cover at least 12 months of dividends, and will eventually expand to cover a runway of 24 months, the firm said. Read more -
Cointelegraph.com - 22:00 Dec 05, 2025
Data from Binance points to shifting liquidity patterns and unique trader positioning that could influence the direction of Bitcoin’s next price move. Bitcoin’s (BTC) short-term trend may hinge on developments unfolding inside Binance’s order flow and onchain activity. Three Binance-linked metrics indicated rising sell-side pressure, shifting liquidity behavior and a market preparing for volatility, factors that could determine whether BTC holds support or enters a deeper correction. Key takeaways: Bitcoin whale deposits into exchanges are rising, signaling elevated profit-taking risk. Read more -
Cointelegraph.com - 21:09 Dec 05, 2025
James Butterfill counters claims about Tether’s solvency, pointing to a multibillion-dollar surplus despite new criticism from Arthur Hayes and S&P Global. Concerns about stablecoin issuer Tether’s financial stability resurfaced this week after BitMEX founder Arthur Hayes warned the company could face serious trouble if the value of its reserve assets were to fall. But CoinShares’ head of research, James Butterfill, pushed back on those claims. In a Dec. 5 market update, Butterfill said fears over Tether’s solvency “look misplaced.” He pointed to Tether’s latest attestation, which reports $181 billion in reserves against roughly $174.45 billion in liabilities, leaving a surplus of nearly $6.8 billion. Read more -
Cointelegraph.com - 21:00 Dec 05, 2025
Bitcoin miners face record margin pressure as proxy stocks sink, Kalshi lands $1B funding and Ether derivatives volumes overtake Bitcoin on CME. Bitcoin (BTC) miners are learning the hard way that “number go up” doesn’t always trickle down. Even with Bitcoin prices still elevated by historical standards, mining margins have been sharply squeezed, with some industry analysts describing the current climate as the “harshest margin environment” on record. Balance sheets are shrinking, leverage is being reduced, and companies such as CleanSpark are moving to pay down Bitcoin-backed credit lines. The strain is spilling into public markets. Bitcoin miners and other BTC “proxy” trades have come under heavy pressure, highlighted by the collapse in shares of American Bitcoin. Not every corner of the market is retreating, however. Capital is flowing into crypto-adjacent platforms, with prediction market Kalshi recently raising $1 billion at an $11-billion valuation after a tenfold increase in trading volumes since 2024,... -
Cointelegraph.com - 21:00 Dec 05, 2025
Bitcoin’s chance of hitting $100,000 before New Year’s Eve depends on investors’ reaction to the Fed policy pivot, and the market’s response to soaring BigTech and AI company debt. Key takeaways: The Federal Reserve’s move away from quantitative tightening and rate cuts creates liquidity, making fixed-income assets less attractive. Surging tech credit risks, as evidenced by high Oracle debt protection costs, prompt investors to seek alternative, scarcer assets like Bitcoin. Read more -
Cointelegraph.com - 20:49 Dec 05, 2025
The collaboration aims to bring more than 1,000 entertainment properties onchain and establish a new framework for funding and distributing media as real-world assets. Mugafi, an AI-driven platform for entertainment intellectual property (IP), has partnered with Avalanche to tokenize films, anime, music and other media assets, allowing creators to finance and distribute projects directly onchain. The initiative will draw from Mugafi’s catalog and upcoming films. According to the company, its AI systems, trained on thousands of scripts and story structures, help evaluate projects before they are brought onchain for financing. Mugafi and Avalanche plan to finance more than $10 million in entertainment IP. The companies said their long-term target is to exceed $1 billion in annual IP financing throughput. Read more -
Cointelegraph.com - 20:09 Dec 05, 2025
Bitcoin’s bounce evaporated as the weekly close approaches and traders say multiple risk-off metrics point to a high correction risk for BTC. Is $100,000 by the end of 2025 possible? Bitcoin (BTC) may be holding above $90,000, but data implied that its price is still flashing a significant risk-off signal. CryptoQuant’s multi-metric risk-off oscillator remained near the “High-Risk” zone, a level that historically precedes corrections and diminishes the probability of a sustained bullish trend. Key takeaways: Bitcoin’s risk-off signal was positioned near “High-Risk” territory, which has previously indicated a bearish period. Read more -
Cointelegraph.com - 19:00 Dec 05, 2025
Corporate Ether acquisitions declined 81% in the past three months, but the largest corporate ETH holders continued to scoop up billions of dollars in Ether. Cryptocurrency markets saw another week of consolidation following last week’s long-awaited market recovery. While Bitcoin (BTC) remained above the key $90,000 psychological level, investor sentiment continued to be dominated by “fear,” with a marginal improvement from 20 to 25 within the week, according to CoinMarketCap’s Fear & Greed index. In the wider crypto space, the Ether (ETH) treasury trade appears to be unwinding, as the monthly acquisitions by Ethereum digital asset treasuries (DATs) fell 81% in the past three months from August’s peak. Read more -
Cointelegraph.com - 18:32 Dec 05, 2025
ProCap BTC’s Jeff Park reveals how institutional flows and ETFs could shorten Bitcoin’s market cycle — with major implications heading into 2026 For more than a decade, Bitcoin investors have relied on the familiar four-year cycle to navigate bull runs, capitulations and market shifts driven by halving events. In 2025, that long-standing roadmap is beginning to look outdated — and analysts are seeking a new framework to understand where Bitcoin (BTC) is headed next. Some argue that institutional capital is reshaping the market. Others highlight the weakening impact of the halving, the rise of AI as a competing investment frontier, or global liquidity trends that no longer line up with old patterns. Whatever the cause, one thing is clear: Bitcoin doesn’t seem to be moving like it used to. In this exclusive Cointelegraph interview, Jeff Park, partner and chief investment officer at ProCap BTC, challenges the assumptions behind the four-year cycle, claiming that Bitcoin may now be transitioning into a much short... -
Cointelegraph.com - 17:38 Dec 05, 2025
The company has approached traders, including sports bettors, about joining the effort as it expands in the US and rival Kalshi faces scrutiny over similar practices. Polymarket is recruiting staff for an internal market-making team that may trade against users on its platform. The company has recently approached traders — including sports bettors — about joining the group, Bloomberg reported on Thursday, citing people familiar with the discussions. The initiative comes as Polymarket expands its US presence after resolving regulatory issues stemming from a 2022 case, when it paid a $1.4 million penalty to the Commodity Futures Trading Commission. Read more -
Cointelegraph.com - 16:28 Dec 05, 2025
Poland’s parliament upheld a veto on the Crypto-Asset Market Act, delaying EU-aligned regulation and deepening divisions over security and innovation. The lower house of Poland’s parliament failed to secure the required three-fifths majority to override President Karol Nawrocki’s veto of the Crypto-Asset Market Act, pushing the country further away from regulating its digital-asset sector at a moment when lawmakers argue that oversight is increasingly urgent. As Bloomberg reported Friday, the legislation — advanced by Prime Minister Donald Tusk’s government — was intended to align Poland with the European Union’s MiCA framework for crypto markets. The bill was introduced in June but did not survive the president’s veto. Nawrocki blocked the measure last week, arguing it would “threaten the freedoms of Poles, their property, and the stability of the state,” as Cointelegraph previously reported. Read more -
Cointelegraph.com - 15:43 Dec 05, 2025
A sentencing recommendation said that Do Kwon had caused more losses than Sam Bankman-Fried, Alex Mashinsky and Karl Sebastian Greenwood combined. US attorneys representing the federal government have requested that a judge send Terraform Labs co-founder Do Kwon to prison for 12 years at his sentencing hearing next week. In a Thursday filing in the US District Court for the Southern District of New York, prosecutors asked that a judge sentence Kwon “to a term of twelve years’ imprisonment and finalize the forfeiture of his criminal proceeds.” The filing came about four months after the Terraform co-founder pleaded guilty to two counts of wire fraud and conspiracy to defraud. Read more -
Cointelegraph.com - 14:59 Dec 05, 2025
Texas is now the first US state to purchase and hold Bitcoin, but why did it act during a market pullback, and how could this move influence national crypto policy? Texas has become the first US state to officially purchase and hold Bitcoin (BTC), acquiring $5 million worth of BlackRock’s iShares Bitcoin Trust (IBIT) and authorizing another $5 million for direct, self-custodied BTC. The move comes at an unexpected moment: a market downturn marked by exchange-traded fund (ETF) outflows, institutional caution and stalled legislative efforts across the country. In this week’s episode of Byte-Sized Insight, we explore why Texas stepped in while many others stepped out and what the timing suggests about the state’s long-term view on digital assets. Earlier this year, more than two dozen US states introduced or debated bills that would allow public treasuries to hold Bitcoin or other digital assets. Yet most of those efforts slowed or evaporated as prices fell and political appetite waned. Read more
7246 items