Daily Market Update: Analysts Doubt Christmas Rally, Rushi Manche Launches New Venture, Tom Lee Predicts ETH Bottom, and Latest Insights
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
JPMorgan Launches Innovative Solana-Based USCP Token to Support Groundbreaking Galaxy Debt Offering
JPMorgan created the Solana-based USCP token to facilitate sales of short-term corporate debt, beginning with Galaxy.
US SEC Official Crenshaw Intensifies Focus on Cryptocurrency Regulation in Her Final Weeks at the Agency
Caroline Crenshaw, the financial agency’s sole remaining Democratic commissioner, is expected to depart in January, 18 months after her official term ended.
Texas Power Grid Faces New Challenges as AI Demand Soars Instead of Bitcoin Miners
ERCOT reported a record surge in large-load requests, with AI data centers surpassing Bitcoin miners and reshaping Texas’s grid planning and reliability outlook.
Bhutan Launches Sovereign-Backed RWA Token in Quest for Economic Gold
The Himalayan Kingdom mines Bitcoin, holds digital asset reserves, and has embraced blockchain technology to modernize its financial system.
Binance Introduces Exclusive IOI Feature for High-Value Spot and Loan Transactions Through OTC Desk
Binance has launched a private indication of interest feature for large spot and loan orders, saying it is the first crypto exchange to do so.
Klarna Expands Stripe Integrations and Teams Up with Privy to Investigate New Crypto Wallet Following Tempo-Based Stablecoin Launch
The initiative remains exploratory, with any product launch dependent on securing required regulatory approvals, the firm said.
Anchorage Secures New Stablecoin Issuance, Leveraging Regulated Status as a Competitive Edge in the Market
The move follows Tether, in September, selecting Anchorage for issuing USAT, a stablecoin designed specifically for the U.S. market.
Trust Wallet Partners with Revolut to Enhance Crypto Purchase Options Across Europe
Trust Wallet’s “zero-fee” crypto purchases through Revolut arrive weeks after the fintech unicorn hit a $75 billion valuation in a private share sale.
Bitcoin Treasuries Experience Slowdown in Q4 as Major Holders Continue to Accumulate Sats
Bitcoin treasury adoption slowed during the fourth quarter, but the largest firms continued to accumulate BTC, with public companies now holding over 4.7% of the total Bitcoin supply.
Prediction Markets Forecast Bitcoin Will Fall Short of $100K by Year-End
Bitcoin bull market optimism has suffered since the Oct. 10 crash, as chances of a short-term BTC price rally above $100,000 appeared to be fading.
Binance API Update Suggests Introduction of Stock Perpetual Contracts as Exchanges Target Traditional Finance Markets
Binance added a new API endpoint for signing a “TradFi-Perps agreement contract,” signaling early work for potential stock perpetual futures.