Michael Saylor, executive chairman of Strategy, told attendees at Binance Blockchain Week that the wall of skepticism inside big banks is breaking down faster than he once expected. Related Reading: All-In On XRP: Why This Leading Investor Sold His Entire Bitcoin Stack He said he had thought it might take four to eight years for major financial firms to move fully into Bitcoin. Now, he says, that timeline is compressing and the shift is visible right away. Banking Giants Reverse Course According to Saylor, the past 12 months have seen heavy hitters — including Citibank, BNY, Bank of America, PNC, JPMorgan, Wells Fargo and Vanguard — shift from hostility to a more welcoming stance on crypto. Reports have disclosed that Vanguard has enabled clients to trade ETF shares linked to XRP and Bitcoin through its platform. Saylor added that internal plans are in motion at several institutions to roll out custody services and credit lines tied to crypto holdings. Loans Backed By Bitcoin Based on Saylor’s remarks, Charles Schwab is preparing to offer Bitcoin custody and to extend credit against BTC as soon as next year, and Citibank is said to be moving in a similar direction. He recalled earlier struggles to secure bank loans using Bitcoin as collateral and said lenders have flipped their approach within roughly six months. According to him, eight of the top 10 US banks are now issuing credit backed by Bitcoin, a claim that highlights how quickly attitudes appear to be changing inside the industry. Political Climate Could Be Speeding Things Up Saylor pointed to policy shifts under US President Donald Trump as a factor that has encouraged banks to leave the sidelines. Many firms were already experimenting with blockchain years ago — Goldman Sachs, for example, issued one of the first Bitcoin-backed loans in 2022 — but a friendlier regulatory tone, he said, has accelerated planning and product development. Still, banks face legal, operational and risk hurdles before these services reach broad retail customers. Markets Watching Fed Announcement Meanwhile, traders and analysts are watching the Federal Open Market Committee. The Fed is expected to cut rates by 0.25%, bringing the target to 3.5%–3.75%, a move that often boosts risk assets like Bitcoin. Volatility is likely around the announcement, and some market players warn that early rallies can reverse quickly when the Fed provides forward guidance. Related Reading: NFT Slump Worsens With Monthly Sales Hitting Rock Bottom Technical Signals And Sentiment Bitcoin’s own moves were discussed alongside the banking story. The crypto fear gauge hit 10 this week, signaling extreme fear, and price rebounded from $86,700 to roughly $92,300. One analyst flagged resistance near $94,200 and suggested a clean breakout could open a path toward $103,000. Another observer noted Bitcoin has lagged the Nasdaq’s recovery, a divergence that could work in either direction if markets shift. Featured image from The Information, chart from TradingView
Gemini's Designated Contract Market will offer binary event contracts and may expand into other CFTC-regulated derivatives.
The fund will run on Solana at launch and use PYUSD.
The chief executives of firms such as Gemini and Kraken will pitch in on U.S. policy efforts through the council's future, public discussions.
Major U.S. banks denied services to crypto and other lawful businesses based on industry rather than risk, an OCC preliminary report finds.
A lack of clarity on future interest rate cuts under Jerome Powell's leadership has placed a damper on a Bitcoin price rally, analysts say.
Federal Reserve monetary policy could benefit stocks, but BTC options show the short-term odds of Bitcoin rallying to $100,000 remain slim.
The team behind the Celo-based app is joining Stripe, while the intellectual property is returned to cLabs.
Ethereum has pushed above the $3,350 level, injecting fresh momentum into the market after weeks of uncertainty. Yet despite this breakout, overall sentiment remains clouded by fear, with many analysts still warning that the broader structure points toward a developing bear market. Traders now find themselves at a pivotal juncture: is this the beginning of a sustained recovery, or merely a temporary rally before further downside? Related Reading: Bitcoin Exchange Reserves Fall To Lowest Levels on Record: The Bullish Signal Most Traders Are Missing According to a new CryptoQuant report, one of the most revealing indicators right now is Ethereum’s funding rate behavior across major exchanges. Unlike the explosive funding spikes seen during the two major rallies earlier this year, the current move shows a remarkably restrained funding environment. During those earlier surges, funding rates climbed aggressively into overheated territory, signaling euphoric long leverage and speculative excess — conditions that closely preceded short-term market tops. This time, however, funding remains far more subdued. The absence of aggressive long positioning suggests that the current rally is not being driven by excessive leverage, which gives the move a different character compared to earlier spikes. Whether this signals healthier accumulation or simply a lack of conviction remains the core question as Ethereum approaches the next decisive phase. Muted Funding Rates Highlight a Cautious But Potentially Constructive Rally The CryptoQuant report highlights that, unlike previous explosive rallies, Ethereum’s current funding rates remain unusually low, even after its sharp recovery from the $2.8K region. This subdued funding environment signals that the derivatives market is not yet saturated with speculative long positions. Buyers are stepping in, but modest leverage drives this move compared to past phases dominated by aggressive traders. Consequently, spot accumulation drives the current advance more than overheated futures activity. This difference carries important implications. Without a surge in speculative demand, Ethereum may struggle to ignite the kind of full bullish continuation leg seen in earlier breakout cycles. Historically, strong uptrends have required funding rates to expand meaningfully as traders chase price, forcing shorts to cover and fueling upward momentum. That behavior has not yet emerged in the current structure. However, this muted landscape is not inherently bearish. Instead, it reflects a recovering market, not an overextended one. This leaves Ethereum with room to climb further — if demand strengthens. At the same time, the lack of leverage means the rally remains vulnerable; strong resistance rejections could quickly weaken momentum unless fresh buyers step in. Related Reading: Ethereum Sees Largest Binance Inflow Since 2023 – Warning Sign? Testing Key Resistance as Momentum Builds Ethereum’s daily chart shows a notable shift in momentum as the price pushes toward $3,320, extending its rebound from the sub-$2,800 lows. This recovery phase has been steady rather than explosive, reflecting a market that is stabilizing but still facing key overhead challenges. The first major test is the 200-day moving average (red line), which ETH is now approaching after several weeks of trading below it. Historically, reclaiming this level has marked the transition from corrective phases into renewed bullish cycles, but a clean breakout is far from guaranteed. Related Reading: Smart Whales Align: Top Performers Go All-In On Ethereum Long Positions With Over $425M in Exposure The structure of the recent move highlights improving buyer confidence: ETH has formed a series of higher lows, indicating accumulation after the capitulation-like November drop. Although buyers are active, the relatively subdued volume profile suggests they lack broad-based conviction. A stronger influx of volume must flip the trend decisively bullish. The 50-day and 100-day moving averages remain above the current price and are both aligned downward, reinforcing that ETH is still technically in a broader downtrend. For momentum to extend, Ethereum must break above the $3,350–$3,400 resistance zone, where prior support turned into resistance. Featured image from ChatGPT, chart from TradingView.com
The funding will support Surf’s next AI model aimed at delivering deeper onchain analysis and automating research for crypto companies and traders.
Operation Bluebird, led by Twitter's former trademark lawyer, filed to cancel X Corp's Twitter trademarks after Musk abandoned the brand. Will Musk spend millions defending a name he deliberately killed?
The Office of the Comptroller of the Currency probed debanking of certain industries, including digital assets, and said it'll pursue any repeat of such activity.
Falling sales and diminished Bitcoin gains pressured earnings, with the stock continuing to retrace its brief rally in March.
Bitcoin (BTC) price rallied above $94k after the Federal Reserve initiated a 25 bps rate cut on Wednesday, December 10, 2025. The flagship coin signaled midterm bullish sentiment after the Fed’s Chair Jerome Powell stated that the agency will begin injecting liquidity in the coming months. According to the Fed’s statement, it will purchase $40 …
Binance co-CEO Yi He said her WeChat account was hijacked on Dec. 10 after a cell number tied to the profile was reclaimed and could not be recovered at first. The account was later restored after Binance worked with WeChat’s security team, according to a spokesperson cited the same day. Posts that appeared after the […]
The post Binance CEO had WeChat hacked by cellphone exploit that likely leaves your own crypto exposed appeared first on CryptoSlate.
Solana’s (SOL) market structure is entering a tense phase, shaped by thinning liquidity, elevated leverage, and conflicting signals across institutional flows and derivatives markets. Related Reading: The Current Bitcoin Price Pump Will End In A Crash – Here’s When To Start Selling While price movements remain within familiar ranges, the underlying conditions paint a more complex picture, one that traders are watching closely for signs of either exhaustion or a sharp reversal. Recent sessions have seen Solana drift between $128 and $145, with brief rebounds lifting it toward the upper end of this range. However, liquidity indicators suggest a deeper reset is taking shape. Analysts note that these conditions often precede turning points, though they can amplify volatility in the short term. SOL's price trends to the downside on the daily chart. Source: SOLUSD on Tradingview SOL Liquidity Drops to Bear-Market Levels On-chain data shows Solana’s 30-day realized profit-to-loss ratio has stayed below 1 since mid-November. This pattern, more losses being realized than gains, typically marks a liquidity contraction similar to historical bear-market phases. Analysts at Altcoin Vector describe the current setup as a “full liquidity reset,” a process that typically takes several weeks to resolve. That backdrop aligns with observations from SynFutures, whose team cites realized losses, declining futures open interest, and fragmented liquidity pools as contributing factors. Market-makers have also pulled back, thinning order books even as realized volatility increases. The effect is a market highly sensitive to sharp moves, particularly around key liquidation clusters. A notable risk is emerging around the $129 level, where nearly $500 million in long positions would be liquidated if the price retests that zone. With $15.6 million in SOL contracts wiped out in the last 24 hours alone, the market remains vulnerable to cascades. Similarly, exchange balances continue to drop, and spot ETFs have brought in more than $17 million this week, signaling accumulation despite broader stress. Volatility Builds as Derivatives and Spot Activity Diverge Derivatives data reflect a cautious but engaged trading environment. Open interest has climbed back above $7.2 billion, rising in tandem with a rebound in daily volume. This type of build-up during a quiet price phase often signals positioning ahead of a larger move. Long-to-short ratios have shifted bullish in recent days, and funding rates remain positive, although traders are becoming increasingly sensitive to macroeconomic catalysts. Spot markets tell a different story. Liquidity is thin, and deep-cycle reset metrics point to selling exhaustion rather than active expansion. This divergence, characterized by high derivative activity against weakening spot liquidity, typically precedes volatility spikes. Key Solana Levels Ahead as Market Awaits a Cycle Turn Technically, Solana remains stuck between established boundaries. The $145 resistance zone has capped multiple attempts to break higher, while support around $135 and deeper levels near $129 hold significance for traders monitoring liquidation risk. Momentum indicators are stabilizing, and the MACD is edging toward a potential positive crossover. Analysts note that past liquidity resets have been followed by rapid upside moves once conditions improved; however, the timing remains uncertain. Related Reading: NFT Slump Worsens With Monthly Sales Hitting Rock Bottom Currently, Solana sits at the center of a tug-of-war between cautious sentiment, thinning liquidity, and steady institutional flows. Whether these opposing forces resolve into a recovery or further volatility may depend less on price action alone and more on how quickly liquidity returns to the ecosystem. Cover image from ChatGPT, SOLUSD chart from Tradingview
Tether says the system is designed to give users control over biometric data by keeping analysis and storage off the cloud.
"Powell is threading the needle between their two mandates," said one analyst.
ChronoForge’s shutdown highlights mounting financial strain across Web3 gaming as shrinking budgets and dismal market sentiment take their toll.
Lead Bank is a 97-year-old community bank that has, in recent years, pivoted to serving fintechs and crypto companies.
Traders are shifting expectations, with futures markets pricing a nearly 40% chance of another cut by March despite the Fed’s cautious tone.
In a move that could signal a bullish shift for Bitcoin (BTC) and the broader cryptocurrency market, the Federal Reserve (Fed) announced a 25 basis points (bps) interest rate cut, bringing the new rate range to 3.5% to 3.75%. Bitcoin Poised To Surge Toward $100,000? Kevin Hassett, the White House economic adviser and a leading candidate to become the next Fed chair, commented to the Wall Street Journal CEO Council that there is “plenty of room” for additional interest rate cuts. He stated, “If the data suggests that we could do it, then — like right now, I think there’s plenty of room to do it.” Hassett, who is President Donald Trump’s preferred choice for the Fed chair position after Jerome Powell’s tenure concludes, has been critical of Powell for being “too late” in lowering rates. Related Reading: Crypto Market Structure Talks: Senator Lummis Addresses Latest Legislation Plans While the last rate cut in October had minimal impact on the Bitcoin price, analyst Michael van de Poppe believes that the current rate cut could significantly benefit the cryptocurrency. He characterized it as a “great move” for Bitcoin and noted that a breakout above $92,000 might be indicative of future bullish momentum. Van de Poppe expressed optimism about Bitcoin’s ability to maintain the support level between $91,500 and $92,000, suggesting that if it does, there could be a pathway for Bitcoin to approach the $100,000 mark. Can BTC Avoid Historical 10% Decline? Market expert Ash Crypto pointed out that historically, each of the last four times the Fed slashed rates by 25 bps, Bitcoin experienced a 5% to 10% decline shortly thereafter. Despite this pattern, Ash noted that the current market setup differs from previous scenarios, suggesting that different dynamics could be at play. Related Reading: Ethereum Price Climbs Toward $3,300 For The First Time Since November: What’s Driving The Surge? Several positive factors underpinning this optimism include the conclusion of quantitative tightening (QT) after a three-year period. Should Powell hint at the possibility of quantitative easing (QE) in his forthcoming remarks, it could spur a further bullish trend in the market. Additionally, with this being the third rate cut, Ash asserted that there is potential for increased liquidity to flow back into the markets, which historically benefits risk assets like Bitcoin. Featured image from DALL-E, chart from TradingView.com
Crypto analyst Bull Theory has explained why the Bitcoin price has been crashing recently. The analyst pointed out that Wall Street traders were responsible for the price declines, indicating that these trading desks were manipulating the market for their own benefit. Analyst Explains Why The Bitcoin Price Is Crashing In an X post, Bull Theory blamed Jane Street for the Bitcoin price’s constant crash at 10 a.m. ET when the U.S. market opens. The analyst pointed out that BTC erased 16 hours of gains in just 20 minutes after the U.S. market opened. This has notably been happening since early November, when the flagship crypto fell below $100,000. Meanwhile, a similar price action also played out in the second and third quarters of this year. Related Reading: Confirming The Bitcoin Price Direction: Analyst Reveals What You Should Look Out For Bull Theory noted that another analyst, Zerohedge, has claimed that Jane Street is most likely the entity responsible for this Bitcoin price crash. The analyst stated that the chart shows a pattern that is too consistent to ignore, with a clean wipeout within an hour of the market opening, followed by a slow recovery. He added that this is classic high-frequency execution and that it fits Jane Street’s profile. Bull Theory stated that Jane Street is one of the largest high-frequency trading firms in the world and that they have the speed and liquidity to move markets for a few minutes. The analyst claimed that their behavior is simple: dump BTC at the market open, push the Bitcoin price into liquidity pockets, and then re-enter at a lower price. By doing this, the analyst claimed that Jane Street has accumulated billions in BTC. The trading firm is said to hold $2.5 billion worth of BlackRock’s Bitcoin ETF, which is its 5th-largest position. Bull Theory added that this means most of the dump in the Bitcoin price isn’t due to macro weakness but manipulation by this entity. He expects that BTC will continue its upward momentum once these big players are done buying. Bitcoin At Risk Of A Decline Post-FOMC Crypto analyst Ali Martinez indicated that the Bitcoin price was at risk of a significant decline following today’s FOMC meeting. He pointed out that BTC has consistently reacted negatively to FOMC meetings, with six out of seven meetings this year leading to corrections for the flagship crypto. Related Reading: Bitcoin RSI Shows Shocking Similarities To 2012-2015, But What Happened Last Time? The Bitcoin price had rallied to as high as $94,500 yesterday in anticipation of a third rate cut this year from the Fed. According to CME FedWatch, there is currently a 90% chance that the Fed will lower rates by 25 basis points (bps). A CryptoQuant report noted how these rate cuts have turned out to be a ‘sell the news’ event on the two occasions the Fed lowered rates this year, with the probability of this price action playing out again. At the time of writing, the Bitcoin price is trading at around $92,600, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Andreessen Horowitz's crypto venture capital unit pointed to high levels of crypto ownership in South Korea and Singapore, and growing onchain activity in Japan.
Political progressives have joined forces to oppose current versions of the industry-backed legislative effort in the Senate.
A divided Federal Reserve approved a 0.25% rate cut, but concerns over inflation and growth, as well as Glassnode data highlighting BTC’s “fragile range,” may keep it under $100,000.
A Polymarket contract asking whether President Donald Trump will declassify UFO files in 2025 sat at 5.5% on Dec. 6. The next day, it rocketed toward 90%. The trigger wasn’t a White House announcement or a Pentagon press conference, but likely a resolution proposal filed with UMA Protocol, the decentralized oracle that settles Polymarket’s disputes. […]
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Ethereum (ETH) price has strengthened against Bitcoin (BTC) in the past few days. The large-cap altcoin, with a fully diluted valuation of about $408 billion, surged over 3% on Wednesday, December 10, to trade above $3,427 at press time. Ahead of the last FOMC meeting of 2025, BTC price hovered around $92.4k. As such, the …
The DOJ said the firm knowingly facilitated illicit trades tied to sex work, sanctions evasion, and fraud, earning millions in fees while ignoring U.S. law.
Tether unveils QVAC Health, a Tether health app centered on privacy and AI, expanding the company's reach beyond stablecoins.
The post Tether launches QVAC Health app with focus on privacy and AI appeared first on Crypto Briefing.