Market Signal Briefing

An investigative reporter best known for exposing fraud at Silicon Valley blood-testing startup Theranos sued Elon Musk's xAI, Anthropic, Google , OpenAI, Meta Platforms and Perplexity on Monday for using copyrighted books without permission to train their artificial intelligence systems.

The U.S. Food and Drug Administration on Monday approved the first-ever GLP-1 pill for obesity from Novo Nordisk, a landmark decision that health experts say could potentially open up treatment access to more patients.

Shares of Novo Nordisk gained roughly 10% in extended trading.

The approval gives Novo Nordisk a head start over chief rival Eli Lilly, which is currently the dominant player in the market and is racing to launch its own obesity pill. Pills are the next battleground for the two drugmakers, which established the booming GLP-1 space that some analysts say could be worth roughly $100 billion by the 2030s.

Wall Street thinks there's plenty of room for pills in the market, with Goldman Sachs analyst saying in August that pills could capture a 24% share — or around $22 billion — of the 2030 global weight loss drug market.

"What we've learned through years of research is that having an oral option really kind of opens up, activates and motivates different segments to seek treatment," Dave Moore, Novo Nordisk's executive vice president of U.S. operations, told CNBC ahead of the approval. "To have that conversation with their doctor to see if this is something that might be right for them."

"That's what we're excited about — to be able to give people an option and make sure we have access and ease of access like we have been doing with our injections," he continued.

The FDA's approval also clears the pill for use to reduce the risk of major cardiovascular events, such as death, heart attack or stroke, in adults with obesity and established cardiovascular disease, according to Novo Nordisk. That's consistent with the approval label of the company's blockbuster weight loss drug Wegovy, which shares the same active ingredient, semaglutide.

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, /PRNewswire/ -- Warner Bros. Discovery, Inc. ("Warner Bros. Discovery" or "WBD") (NASDAQ: WBD) today confirmed that it has received an amended, unsolicited tender offer from Paramount Skydance Corporation ("Paramount Skydance" or " PSKY") (NASDAQ: PSKY) to acquire all of the outstanding shares of Warner Bros. Discovery common stock (the "Amended Tender Offer").

The Warner Bros. Discovery Board of Directors (the "Board"), consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, will carefully review and consider Paramount Skydance's offer in accordance with the terms of Warner Bros. Discovery's agreement with Netflix, Inc. ("Netflix") (the "Netflix Merger Agreement").

Paramount Skydance's Amended Tender Offer follows the WBD Board of Directors' unanimous rejection of Paramount Skydance's previous unsolicited tender offer received on December 8, 2025 (the "December 8 Tender Offer"). The WBD Board carefully reviewed the December 8 Tender Offer and determined that it provided inadequate value and imposed numerous significant risks and costs on WBD and its stockholders, and did not meet the criteria of a "Superior Proposal" under the Netflix Merger Agreement.

The Board is not modifying its recommendation with respect to the Netflix Merger Agreement.

Warner Bros. Discovery will review the Amended Tender Offer and advise its stockholders of the Board's recommendation after the completion of that review.

Warner Bros. Discovery stockholders are advised not to take any action at this time with respect to the amended Paramount Skydance tender offer.

Allen & Company, J.P. Morgan and Evercore are serving as financial advisors to Warner Bros. Discovery and Wachtell Lipton, Rosen & Katz and Debevoise & Plimpton LLP are serving as legal counsel.

About Warner Bros. Discovery:

Warner Bros. Discovery is a leading global media and entertainment company that creates and distributes the world's most differentiated and complete portfolio of branded content across television, film, streaming and gaming. Warner Bros. Discovery inspires, informs and entertains audiences worldwide through its iconic brands and products including: Discovery Channel, HBO Max, discovery+, CNN, DC, TNT Sports, Eurosport, HBO, HGTV, Food Network, OWN, Investigation Discovery, TLC, Magnolia Network, TNT, TBS, truTV, Travel Channel, Animal Planet, Science Channel, Warner Bros. Motion Picture Group, Warner Bros. Television Group, Warner Bros. Pictures Animation, Warner Bros. Games, New Line Cinema, Cartoon Network, Adult Swim, Turner Classic Movies, Discovery en Español, Hogar de HGTV and others. For more information, please visit www.wbd.com.

Important Information about the Tender Offer and Where to Find It

WBD has filed a solicitation/recommendation statement on Schedule 14D-9 with respect to the December 8 Tender Offer with the Securities and Exchange Commission (the "SEC"). INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE SOLICITATION /RECOMMENDATION STATEMENT AND ANY OTHER RELEVANT DOCUMENTS, WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TENDER OFFER. Investors and security holders may obtain free copies of the solicitation/recommendation statement as well as other filings by WBD, without charge, at the SEC's website, https://www.sec.gov. In addition, free copies of documents filed with the SEC by WBD will be made available free of charge on WBD's investor relations website at https://www.ir.wbd.com.

Important Information about the Transaction and Where to Find It

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. This communication may be deemed to be solicitation material in respect of the proposed transaction between WBD and Netflix (the "proposed transaction"). In connection with the proposed transaction, Netflix intends to file a registration statement on Form S-4, containing a proxy statement/prospectus, with the SEC and WBD intends to file a proxy statement with the SEC. WBD also intends to file a registration statement for a newly formed subsidiary ("Discovery Global"), which is contemplated to own certain assets and businesses of WBD not being acquired by Netflix in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE REGISTRATION STATEMENTS, PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the registration statements and proxy statement/prospectus (when available) as well as other filings containing information about WBD and Netflix, without charge, at the SEC's website, https://www.sec.gov. Free copies of the registration statements and proxy statement/prospectus, once available, and each company's other filings with the SEC may also be obtained from the respective companies. Free copies of documents filed with the SEC by WBD will be made available on WBD's investor relations website at https://ir.wbd.com. Free copies of documents filed with the SEC by Netflix will be made available on Netflix's investor relations website at https://ir.netflix.net.

Participants in the Solicitation

WBD and Netflix and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction.  Information about the directors and executive officers of WBD is set forth in its Annual Report on Form 10-K for the year ended December 31, 2024, under the heading "Executive Officers of Warner Bros. Discovery, Inc.," and its definitive proxy statement filed with the SEC on April 23, 2025, under the heading "Proposal 1: Election of Directors." Information about the directors and executive officers of Netflix is set forth in its definitive proxy statement filed with the SEC on April 17, 2025, under the headings "Our Board of Directors" and "Our Company Executive Officers." Investors may obtain additional information regarding the interests of such participants by reading the registration statements, proxy statement/prospectus and other relevant materials regarding the proposed transaction when they become available.

Cautionary Statement Concerning Forward-Looking Statements

Information set forth in this communication, including financial estimates and statements as to the expected timing, completion and effects of the proposed transaction between WBD and Netflix, constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These estimates and statements are subject to risks and uncertainties, and actual results might differ materially. Such estimates and statements include, but are not limited to, statements about the benefits of the proposed transaction, including future financial and operating results, the combined company's plans, objectives, expectations and intentions, statements about the tender offer and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of the management of WBD and Netflix and are subject to significant risks and uncertainties outside of our control.

Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements are the following: (1) the completion of the proposed transaction may not occur on the anticipated terms and timing or at all; (2) the occurrence of any event, change or other circumstances that could give rise to the termination of the proposed transaction; (3) the risk that WBD stockholders may not approve the proposed transaction; (4) the risk that the necessary regulatory approvals for the proposed transaction may not be obtained or may be obtained subject to conditions that are not anticipated; (5) risks that any of the closing conditions to the proposed transaction may not be satisfied in a timely manner; (6) the final allocation of indebtedness between WBD and Discovery Global in connection with the separation could cause a reduction to the consideration for the proposed transaction; (7) risks related to potential litigation brought in connection with the proposed transaction; (8) the risk that the integration of the businesses will be more difficult, time consuming or costly than expected; (9) risks related to financial community and rating agency perceptions of each of WBD and Netflix and their businesses, operations, financial conditions and the industries in which they operate; (10) risks related to disruption of management time from ongoing business operations due to the proposed transaction; (11) failure to realize the benefits expected from the proposed transaction; (12) effects of the announcement, pendency or completion of the proposed transaction on the ability of WBD and Netflix to retain customers and retain and hire key personnel and maintain relationships with their suppliers, and on their operating results and businesses generally; (13) risks associated with third party contracts containing consent and/or other provisions that may be triggered by the proposed transaction; (14) negative effects of the announcement or the consummation of the proposed transaction on the market price of WBD and/or Netflix common stock; (15) risks relating to the value of the shares of Netflix common stock to be issued in the proposed transaction and uncertainty as to the long-term value of Netflix common stock; (16) the potential impact of unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition and losses on the future prospects, business and management strategies for the management, expansion and growth of Netflix's operations after the consummation of the proposed transaction, and on the other conditions to the completion of the proposed transaction; (17) risks related to the potential impact of general economic, political and market factors on the companies or the proposed transaction; (18) the risk that Discovery Global, as a new company that currently has no credit rating, will not have access to the capital markets on acceptable terms; (19) the risk that Discovery Global may be unable to achieve some or all of the benefits that WBD expects Discovery Global to achieve as an independent, publicly-traded company; (20) the risk that Discovery Global may be more susceptible to market fluctuations and other adverse events than it would have otherwise been while still a part of WBD; (21) the risk that Discovery Global will incur significant indebtedness in connection with the separation, and the degree to which it will be leveraged following completion of the separation may materially and adversely affect its business, financial condition and results of operations; (22) the ability to obtain or consummate financing or refinancing related to the proposed transaction or the separation upon acceptable terms or at all; (23) uncertainties as to how many WBD stockholders will tender their shares in the tender offer; (24) the conditions to the completion of the tender offer, including the receipt of any required stockholder and regulatory approvals; (25) PSKY's ability to finance the tender offer and the indebtedness PSKY expects to incur in connection with the tender offer; (26) the possibility that PSKY may be unable to achieve expected synergies and operating efficiencies within the expected timeframes or at all and to successfully integrate PSKY's operations with those of PSKY, and the possibility that such integration may be more difficult, time-consuming or costly than expected or that operating costs and business disruption (including, without limitation, disruptions in relationships with employees, customers or suppliers) may be greater than expected in connection with the tender offer; and (27) the response of WBD, Netflix or PSKY management to any of the aforementioned factors. Discussions of additional risks and uncertainties are contained in WBD's and Netflix's filings with the SEC, including their Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, and will be contained in the Form S-4, containing a proxy statement/prospectus, to be filed by Netflix in connection with the proposed transaction and the registration statement to be filed by Discovery Global in connection with the separation. Neither WBD nor Netflix is under any obligation, and each expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events, or otherwise. Persons reading this announcement are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof.

SOURCE Warner Bros. Discovery, Inc.

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We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Author

Ahmed Balaha

Author

Ahmed Balaha

Part of the Team Since

Aug 2025

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Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

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December 22, 2025

Apart from Bitcoin, Monero (XMR) is the only coin trading above its 2021 all-time high across the entire market. That is a notable strength, with 146% gains year over year and 27% in the last 30 days, despite a broadly red market.

Governments hate it, institutions do not touch it, and that arguably makes it even more appealing.

The XMR chart has been on a clean rise ever since it was delisted from over 73 exchanges in 2024. Its rise is being driven mainly by raw demand from investors and users who value privacy.

Monero Price Prediction: Bitcoin Lost The Plot, XMR Can Fix ThatRemember the days when Bitcoin was supposed to be the future currency that was not controlled by anyone? Those were great days.

However, that is no longer the case, with exchanges and funds now owning large chunks of the BTC supply. Monero is the only coin still pursuing that original goal, maybe alongside Zcash.

Source: XMRUSD / TradingViewXMR is outperforming the market, up 15% over the last 7 days. It is now just 7.5% away from finishing the year above the $500 level.

A break above that zone could open the door for a much bigger rally heading into 2026, as it would put XMR back on traders’ radar in a low-volume market.

A scenario where price pulls back toward $400 before bouncing is still possible if a breakout does not happen soon. However, the bullish setup remains intact, and the rising channel structure should continue.

Faster Bitcoin? Bitcoin Hyper ($Hyper) Raised Almost $30MBitcoin was built to be decentralized money, but today it is slow, expensive to use on-chain, and mostly sits idle in custody wallets.

That gap is exactly what Bitcoin Hyper ($HYPER) is trying to fill.

Bitcoin Hyper is a next-generation Layer 2 built specifically to unlock real utility for Bitcoin holders. It brings fast transactions, near-zero fees, and full support for DeFi, staking, payments, and on-chain apps, all while keeping Bitcoin as the base asset.

At the core of the system is the Hyper Bridge. Users can move BTC onto the Hyper L2 and instantly receive a 1:1 representation with near-instant finality. No waiting, no congestion, no high fees.

This lets BTC holders finally put their capital to work instead of just holding it. Yield, trading, and payments all become possible without leaving the Bitcoin ecosystem.

Investor interest has been strong. Bitcoin Hyper has already raised $29.5M in early funding, and staking currently offers up to 39% APY for early participants.

As the market looks for assets with real utility rather than hype, Bitcoin Hyper is positioning itself as the layer that finally makes Bitcoin usable at scale.

Visit the Official Bitcoin Hyper Website Here

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This decentralized exchange token has surged this past weekend due to a key governance vote.

Since 4 p.m. ET on Friday, Uniswap (UNI 1.56%) has been one of the best-performing tokens in the market. This decentralized exchange appears to be on the minds of many investors, with an impressive 12.9% surge seen over the past three days.

Today's Change

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Let's dive into one key driver of today's move in Uniswap, with the vast majority of this move taking place over the weekend (UNI tokens are currently down nearly 3% over the past 24 hours, as of 4 p.m. ET on Monday).

Proposal to activate protocol fees driving positive sentiment

Source: Getty Images.

It helps when the entire cryptocurrency market is rallying, as it was this morning and over the weekend. However, for investors in Uniswap, most of their attention is clearly being focused on a governance vote this weekend, which aims to align Uniswap Labs (the parent company behind this project), its Foundation, and overall governance regarding the activation of protocol fees.

In addition to this key piece of the proposal, another facet driving investor excitement is a long-discussed burn mechanism for the project's native UNI token. Essentially, the idea behind this "Unification" proposal is to bring Uniswap's economic incentives and overall operating model under a single framework. By burning 100 million UNI tokens retroactively and having future fees burned, investors are hopeful that this proposal could improve the supply and demand fundamentals for this token in the future.

I believe this move is a positive step, and it's clearly what investors wanted to see. Unlike other projects that have seen recent proposals that have not been well-loved by their communities, Uniswap's attention to feedback and implementation of key improvements its community is clamoring for is undoubtedly a big deal.

Chris MacDonald has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uniswap Protocol Token. The Motley Fool has a disclosure policy.

While the MSCI is proposing excluding digital asset treasury companies with over 50% crypto holdings from its indexes, Fold Holdings has made sort of an uphill climb by announcing that it will be included in the Russell 2000 Index. 

Fold Holdings, a Bitcoin financial services firm, has announced that it will be included in the Russell 2000 Index despite the MSCI considering the exclusion  of digital asset treasuries from its indexes.

Has Fold Holdings been included in the Russell 2000 Index?
Fold Holdings announced its inclusion in the Russell 2000 Index on December 22. The Russell 2000 tracks small-cap U.S. stocks, representing approximately 5-7% of the U.S. public equity market capitalization, and serves as a benchmark for mutual funds, ETFs, and other asset managers.

Will Reeves, Fold’s Chairman and CEO, said the inclusion validates the company’s position as a successful public company. He expects the listing to broaden market awareness and increase visibility among institutional and retail investors.

Fold operates as a Bitcoin financial services firm focused on making it easy for individuals to earn, save, and spend Bitcoin through everyday financial tools, including its Bitcoin Gift Card and upcoming Fold Bitcoin Rewards Credit Card.

Will Bitcoin-holding firms be excluded from indexes?
MSCI, a major index provider, proposed in October to remove companies whose digital asset holdings represent 50% or more of their total assets from its global benchmarks. The firm argues these companies are more similar to investment funds rather than operational businesses, which MSCI does not include in its indexes.

Strategy, formerly known as MicroStrategy and led by Bitcoin advocate Michael Saylor, saw its shares surge 3,000% after it began purchasing Bitcoin in 2020.

Analysts estimate that exclusion from MSCI could trigger $2.8 billion in outflows. And that figure could rise to $8.8 billion if other indexes follow suit. JPMorgan’s analysis suggests Strategy has $2.5 billion of market value from MSCI membership and $5.5 billion from other indexes, making up a significant portion of the company’s $45 billion market value.

Michael Saylor initially dismissed concerns about MSCI exclusion, but later, through a public letter co-authored by Strategy’s CEO Phong Le, the pair warned that digital asset treasury exclusion would result in $2.8 billion of stock liquidation and “chill” the industry.

The executives argued the proposal would deprive these companies of about $15 trillion in passive investments.

Why is MSCI’s decision on digital asset treasuries important?
MSCI’s consultation period runs until January 15, 2025, when a final decision will be announced. According to Kaasha Saini, head of index strategy at Jefferies, the eligibility of digital asset treasury companies in equity indexes generally will be affected by this decision. She expects most equity indexes would move to follow MSCI’s lead if exclusion occurs.

Saini pointed out that passive asset managers hold an estimated 30% of a large-cap company’s free float, which creates a significant problem for digital asset treasury companies, as many of them fund their token purchases by selling stock.

As of September, at least 200 digital asset treasury companies had a combined market capitalization of around $150 billion, more than triple the figure from a year earlier, according to law firm DLA Piper.

MSCI’s preliminary list names 38 companies at risk of exclusion, with a combined issuer market cap of $46.7 billion as of September 30.

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Strategy pauses Bitcoin purchases after raising $747.8M through stock sales. The company now holds $2.19B in cash reserves while maintaining 671,268 BTC.

Newton Gitonga2 min read

22 December 2025, 09:32 PM

Strategy has suspended its Bitcoin acquisition program following a substantial $747.8 million stock sale. The company now focuses on strengthening its cash position as cryptocurrency markets face continued volatility.

Executive Chairman Michael Saylor confirmed that the company's cash reserves have reached $2.19 billion. Strategy maintains ownership of 671,268 Bitcoin despite pausing new purchases. The decision represents a significant shift for the corporate pioneer of Bitcoin.

Stock Sale Boosts Cash ReservesStrategy sold 4.535 million shares of Class A common stock between December 15 and December 21. The at-the-market offering generated $747.8 million in net proceeds. No preferred stock changed hands during this period.

The company filed regulatory documents detailing the transaction. These funds directly support Strategy's newly established dollar reserve program. The reserve serves specific financial obligations, including preferred stock dividends and interest payments on debt.

Strategy announced the dollar reserve in early December with an initial balance of $1.44 billion. Management plans to maintain reserves covering at least twelve months of dividend obligations. The long-term goal targets coverage of 24 months or more.

The company acquired its Bitcoin holdings at an aggregate cost of $50.33 billion. The average purchase price stands at $74,972 per Bitcoin. Strategy's most recent acquisition occurred on December 15 when it bought 10,645 Bitcoin for $980.3 million at an average price of $92,098 per coin.

Market Performance Reflects Crypto DownturnStrategy's common stock declined nearly 50% over the past year. The sharp drop reflects broader challenges in the cryptocurrency market. At the time of writing, Bitcoin trades at around $88,391, suggesting a modest 0.14% gain in the last 24 hours.

BTC price chart, Source: CoinMarketCap

Other companies following Strategy's Bitcoin treasury model experienced similar difficulties. These firms repositioned themselves as digital asset holding companies throughout 2024 and 2025. Initial stock rallies gave way to substantial losses as crypto values declined.

Metaplanet adopted its crypto treasury strategy in April 2024. The company now holds 30,823 Bitcoin, ranking fourth among corporate holders. Its shares fell roughly 75% over six months despite remaining 26% higher year-to-date.

MARA Holdings operates as a Bitcoin mining company and is the second-largest corporate holder with 53,250 Bitcoin. The stock declined approximately 38% in 2025. These losses highlight the risks associated with crypto-focused business models.

Source: bitcointreasuries.net

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Newton Gitonga

Newton Gitonga covers cryptocurrencies, blockchain, and digital finance. He specializes in breaking down complex trends with clear, data-driven reporting. His work focuses on market analysis, technical insights, and the evolving role of altcoins in shaping global markets.

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Solana records $69M in ETF inflows, signaling long-term confidence, while short-term charts show continued downside risk below $130.

Izabela Anna2 min read

22 December 2025, 09:44 PM

Solana has attracted strong institutional attention over the past week, even as price action shows continued technical weakness. Exchange-traded funds linked to Solana recorded more than $69 million in net inflows, signaling growing interest from large investors. 

Besides improving sentiment around Solana’s long-term prospects, the inflows highlight a widening gap between institutional accumulation and short-term market structure. Consequently, traders continue to watch whether this demand can translate into a sustainable price recovery.

Despite the inflows, Solana’s price remains under pressure. At the time of writing, Solana traded near $124.53, posting modest daily and weekly declines. Trading volume remained elevated near $4 billion, indicating active participation despite recent losses. 

With a circulating supply of roughly 560 million tokens, Solana’s market value hovered close to $70 billion. Besides price action, these metrics show Solana continues to hold relevance among large-cap digital assets.

SOL Downtrend Holds Below $130 LevelAli Martinez noted that Solana remains in a downtrend unless price breaks above $130. The SuperTrend indicator continues to flash a sell signal on the four-hour chart. 

Significantly, SOL has failed to reclaim this level despite several rebound attempts. Recent rallies stalled between $126 and $128, showing limited bullish follow-through.

Additionally, the earlier rejection near $140 reinforced strong overhead supply. Immediate support sits near $122, which has absorbed selling pressure so far. 

However, failure to hold this zone could expose SOL to a deeper move toward $118. Consequently, short-term momentum remains tilted to the downside until buyers regain control above resistance.

Source: X

Sellers Defend $127 as Dominant ResistanceUmair Crypto also highlighted $127 as the most important level in the current structure. According to his analysis, buyers attempted to flip this zone during a push toward $128.6. 

However, sellers quickly absorbed demand and forced price back into the $126 range. Hence, the rejection confirmed strong supply at that level.

Moreover, footprint data showed buying activity near $127 without continuation volume. Sellers overwhelmed those bids soon after. Additionally, SOL remains below the 50-period simple moving average, although price is attempting a reclaim. While volume has improved slightly, it has not yet supported a confirmed breakout.

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Izabela Anna is a knowledgeable freelance journalist, who boasts over five years of experience covering the cryptocurrency market. Her tenure has seen her navigate through the ebbs and flows of multiple market cycles, giving her a deep understanding within. Her journalistic focus lies in dissecting price action dynamics, scrutinizing the on-chain landscape, and providing insights from a technical perspective, making her a trusted voice in the realm of cryptocurrency reporting.

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Latest Solana (SOL) News Today

The digital asset climbed to $90K on Monday morning following Strategy's share offering, which raised $748 million in cash proceeds. Bitcoin Gains Even As Strategy's ATM Dilutes Millions Bitcoin's quirky price movements have largely defied logic over the past couple of months, and today's market action was no different.

ETHZilla announced exiting its digital asset treasury (DAT) strategy. The company has sold $74.5 million in Ether to pay down debt and pivot to real-world asset (RWA) tokenization.

ETHZilla shared the news on a post on X. It wrote, “The Company believes its value will be driven by revenue and cash flow growth from our RWA tokenization business.”

Moreover, the company is discontinuing the mNAV dashboard on its website effective today. But it will continue to provide periodic balance sheet updates to investors.

Less than six months ago, ETHZilla shifted to an Ethereum-based digital asset treasury. The Peter Thiel-backed company said it currently holds 69,802 ETH worth around $207 million.

ETHZilla sells Ethereum to pay debt
According to the X post, the former biotech company stated that it was selling Ethereum to pay debt.

The firm wrote, “As part of redeeming our outstanding senior secured convertible notes, ETHZilla sold 24,291 ETH for approximately $74.5 million.” It continued, “We plan to use all, or a significant portion, of the proceeds to fund the redemption.”

The company explained that its public dashboard does not include balance sheet cash. This cash will be used to complete early redemptions on December 24 and December 30.

ETHZilla was known before as 180 Life Sciences, a Nasdaq-listed biotech firm. The company liquidated $40 million worth of Ethereum coins in October. It used the proceeds in a $250 million stock repurchase plan.

In July, 180 Life Sciences raised $425 million through a PIPE deal with more than 60 investors. The funding supported the company’s move to an Ether digital asset treasury strategy.

During that time, small-cap Nasdaq-listed companies followed the DAT trend. The goal was to copy Michael Saylor’s Bitcoin strategy.

As part of redeeming our outstanding senior secured convertible notes, ETHZilla sold 24,291 ETH for approximately $74.5 million. We plan to use all, or a significant portion, of the proceeds to fund the redemption. The dashboard below excludes cash on the balance sheet which… pic.twitter.com/c5HMDrf48X

— ETHZilla (@ETHZilla_ETHZ) December 22, 2025

DAT strategy loses steam
But the digital asset treasury trend began to show clear weakness. Several major DAT firms have seen their mNAV ratios fall from above 1.5 to 1.0 or below. This means their shares trade at discounts to the value of their crypto holdings.

mNAV stands for multiple of net asset value. It shows how a company’s market capitalization relates to the value of its crypto holdings.

The basic mNav of Nakamoto Holdings, formerly KindlyMD, fell to 0.378 based on data from BitcoinTreasuries. In November, the company faced two collateral calls in one week on its $250 million Bitcoin-backed debt.

DAT executives do not rely on product or service sales. They believe holding large BTC, ETH, or SOL balances enables firms to expand their crypto positions. This expansion is achieved through leverage.

The DAT strategy appears to be losing momentum. Analysts now view digital asset treasuries as the bubble of this market cycle.

ETHZilla moves into RWAs full time
ETHZilla intends to adopt a real-world asset approach by creating tokens for assets like car loans, mobile home loans, aerospace machinery, and property.

The company has entered into multiple agreements with Zippy, Inc. to bring manufactured home loans on-chain as tokenized RWAs. Zippy operates a digital lending platform focused on institutional markets.

Under the agreements, ETHZilla will acquire a 15% fully diluted stake in Zippy. The deal includes $5 million in cash and $14 million in ETHZilla common stock, subject to certain cash true-up provisions. An additional $2.1 million in common stock will be issued to select Zippy shareholders.

At the time of writing, the ETHZilla stock, ETHZ, sank by 8.70% and currently trades at $6.30. On the other hand, Ethereum is in the green zone. The coin is priced at $2,989.71, and it’s up by 2.1% in the last seven days.

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Ethereum is attempting to reclaim the $3,000 level after showing pockets of bullish strength over the weekend. Buyers briefly managed to push the price higher, but momentum has struggled to build, and ETH remains vulnerable below a key psychological threshold. As volatility compresses, market conviction appears fragile. Many analysts are increasingly calling for lower prices, arguing that recent rebounds lack the follow-through required to shift the broader structure back into a sustained uptrend.

On-chain data helps explain this hesitation. According to a recent CryptoQuant report, Ethereum’s Net Unrealized Profit/Loss (NUPL) indicator remains in positive territory, with the latest reading hovering around 0.22. This suggests that the average ETH holder is still sitting on unrealized gains, but those profits are relatively modest.

Historically, this zone is associated with a “belief” or cautious optimism phase, rather than euphoria. In other words, the market is neither in panic nor in an overheated state.

This positioning places Ethereum at an inflection point. Investors are no longer capitulating, but they are also not aggressively chasing upside. With profits still on the table and sentiment mixed, ETH’s next move will likely depend on whether buyers can regain confidence and absorb lingering sell pressure. Until then, the market remains caught between hope and hesitation.

Exchange Outflows Signal Strategic Repositioning
According to the Arab Chain report, combining Ethereum’s NUPL data with exchange netflow metrics on Binance provides a clearer picture of current market dynamics. Recent data shows that Ethereum exchange netflows have consistently leaned toward net outflows, with frequent negative readings indicating that more ETH is being withdrawn from Binance than deposited. This behavior is typically associated with reduced immediate selling pressure, particularly when it occurs alongside a stable, positive NUPL reading.

Ethereum Exchange Netflow | Source: CryptoQuant
What makes this setup notable is the absence of a sharp increase in NUPL despite these outflows. In past cycles, strong withdrawals during periods of rising unrealized profits often coincided with aggressive profit-taking and euphoric sentiment.

That pattern is not present today. Instead, the data suggests that holders are choosing to retain exposure rather than exit positions. ETH appears to be moving off exchanges for purposes such as long-term storage, staking, or participation within the broader Ethereum ecosystem, rather than for imminent liquidation.

This divergence between sustained exchange outflows and restrained NUPL levels points to a structurally healthier market environment. Profits exist, but they are not excessive, and selling pressure on Binance remains limited.

As a result, the probability of abrupt, sell-driven corrections is reduced. The medium-term outlook becomes more dependent on structural and fundamental developments, rather than short-term speculative behavior or emotional market swings.

Ethereum Consolidates Near a Critical Inflection Zone
Ethereum’s weekly chart shows price attempting to stabilize around the $3,000–$3,100 region after a volatile multi-month decline from the 2025 highs near $4,800. This area has emerged as a key technical pivot, aligning closely with the rising 200-week moving average, which historically acts as a long-term trend gauge. ETH is currently trading just above this level, suggesting that bulls are defending structural support, but without strong momentum confirmation.

ETH consolidates around a key level | Source: ETHUSDT chart on TradingView
The 50-week and 100-week moving averages are beginning to flatten and converge near current price, reflecting a broader transition from a strong uptrend into a consolidation phase. This compression often precedes a larger directional move. Notably, Ethereum has reclaimed the 100-week average but remains capped below the 50-week average, highlighting the ongoing struggle to re-establish a sustained bullish structure.

Volume has moderated compared to the distribution phase seen during the sell-off, indicating reduced forced selling rather than aggressive accumulation. This supports the view that the market is digesting prior gains rather than entering a new impulsive trend.

From a structural perspective, holding above the $2,900–$3,000 zone keeps the long-term uptrend intact. However, failure to reclaim the $3,300–$3,500 resistance range would leave ETH vulnerable to extended consolidation. For now, price action suggests balance, not resolution.

Featured image from ChatGPT, chart from TradingView.com

Bitcoin’s sibling BCH is about to explode, says popular crypto charterer. Does his theory hold weight?

Market Sentiment:

Bullish

Bearish

Neutral

Published:
December 22, 2025 │ 10:00 PM GMT

Created by Gabor Kovacs from DailyCoin

In a new chart breakdown, crypto analyst and YouTube trader (name not given in the transcript but positioned as a technical specialist) argues that Bitcoin Cash (BCH) is “smashing on the ceiling” of a resistance zone it hasn’t cleared since 2021 — and that repeated tests are increasing the odds of a breakout.

The video, recorded on the BCH daily chart, centers on a multi‑year range originating from the August 2021 high. BCH is now pressing against the upper boundary of that structure, a level the analyst says has rejected price multiple times over the last four years.

Fibonacci Targets: $627 First, Then $960 For BCHUsing Fibonacci retracements from the 2021 high down to the bear‑market low, the trader highlights the 38.2% level at roughly $677 as a key resistance band. On lower time-frames, however, he narrows in on a nearer “short‑term barrier” around $627.60, citing several historical reactions at that price when zooming out.

Sponsored

From there, he switches to Fibonacci extensions based on the recent swing low–high and the higher low that followed. Applying Elliott Wave conditions (specifically that Wave 3 cannot be the shortest), he outlines two upside projections once BCH clears the current range:

Equal measured move: around $851 price levels for Bitcoin Cash
Preferred Wave 3 extension: around $960 (the 1.272 Fib extension)
A move to $960, he says, would “confirm one thing” — a higher probability of a classic pullback to form a higher low, then a final Wave 5 advance.

Bitcoin Must Lead, Dominance Must FallThe bullish BCH scenario is explicitly conditional on the broader market.

The analyst points to Bitcoin itself, stating it needs to reclaim $90,000 (a level not yet reached in reality, but referenced in his framework) to restore confidence and unlock flows into higher‑risk altcoins like Bitcoin Cash. He underscores Bitcoin’s market dominance, citing it at 59.56% of total crypto capitalization.

For an “alt season” backdrop, he wants to see Bitcoin dominance pushed down and rejected at resistance. That, he argues, would signal capital rotating into altcoins collectively — a setup where he’d expect BCH to break out, retest the old ceiling as support, and then extend higher.

The video ends with a casual detour into viewer comments and a question about the Anthony Joshua vs. Jake Paul fight, but the trading message is clear: Bitcoin Cash is at a four‑year inflection point, with technical structure pointing higher — if, and only if, macro flows and Bitcoin dominance align.

Dig into DailyCoin’s top crypto scoops:
Trader Falls Victim to $50M Address Poisoning Attack
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People Also AskWhat levels matter most for Bitcoin Cash right now?

Roughly $627 as near‑term resistance, $677 at the 38.2% retracement, and $851–$960 as upside Fibonacci extension targets if the range breaks.

What macro signal is the trader watching?

A move higher in Bitcoin’s price (toward his $90k reference) alongside a clear drop in Bitcoin dominance, indicating rotation into altcoins.

Does the video discuss any downside risk?

Not in detail; the focus is on resistance, extensions, and a potential breakout, with the assumption that failed macro signals could stall or reject it.

DailyCoin's Vibe Check: Which way are you leaning towards after reading this article?

Market Sentiment

100% Bullish

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Crypto treasury company ETHZilla said in a filing with US regulators that it sold part of its Ether holdings to repay outstanding convertible notes amid a broader market downturn.

The company disclosed in a filing with the Securities and Exchange Commission the sale of 24,291 Ether (ETH) for $74.5 million at an average price of $3,068.69 per token, leaving about 69,800 ETH on its balance sheet as of Friday.

The company said it expects to use all or a significant portion of the proceeds to redeem its outstanding senior secured convertible notes.

ETHZilla rebranded from 180 Life Sciences Corp on July 29, pivoting away from biotechnology to an Ether-focused investment strategy. Until then, the former clinical-stage biotech had seen its shares fall more than 99.9% since going public in 2020.

The news comes after ETHZilla announced two acquisitions in December, taking a 20% fully diluted stake in automotive-finance AI startup Karus and a 15% stake in digital housing lender Zippy.

The former biotech company’s stock closed the trading session declining 8.7% on Monday and is down more than 65% year-to-date, according to Google Finance data.

Source: Google FinanceDigital asset treasuries reposition as prices dropIn September, Cointelegraph reported that publicly traded companies have sharply increased their Bitcoin (BTC) exposure this year. Data from BitcoinTreasuries.NET shows that more than 190 listed companies now hold Bitcoin on their balance sheets, with combined holdings exceeding 5% of Bitcoin’s circulating supply in September.

Ether has gauged similar demand from investors. According to CoinGecko data, 27 public companies collectively hold about 6 million ETH, also representing about 5% of the token's circulating supply.

Ether Treasury Holdings. Source: CoinGeckoWith Bitcoin retreating from its Oct. 6 record high of $126,000 and weakness spreading across altcoins including Ether, some digital-asset treasury companies are selling assets to strengthen their balance sheets.

In late October, Ether treasury company FG Nexus began selling its coins to fund a share repurchase program, liquidating 10,922 ETH alongside a separate debt draw to accelerate buybacks. The proceeds were used to support the repurchase of approximately 3.4 million shares at an average price of about $3.45 per share.

In November, Sequans Communications said it redeemed 50% of its outstanding convertible debt using proceeds from the sale of 970 Bitcoin. The transaction reduced total debt to $94.5 million and cut the company’s Bitcoin holdings to 2,264 BTC, down from 3,234 BTC.

On Friday, Strategy, the first public company to adopt a Bitcoin treasury strategy, said it sold 4.535 million shares of Class A stock between Dec. 15 and Dec. 21, raising $747.8 million to its cash reserves as it navigates the crypto downturn.

Magazine: Big questions: Would Bitcoin survive a 10-year power outage?

Flare Network has launched earnXRP, a new on-chain vault that allows users to generate yield denominated in XRP through a collaboration with Upshift and Clearstar Labs.

The product enables participants to deposit FXRP, a token that represents XRP on a 1:1 basis, into a single platform that deploys capital across multiple smart contracts. In return, users receive earnXRP tokens, which represent the deposited FXRP plus the yield generated over time.

The model combines staking and liquidity provisioning on automated market makers, with returns automatically compounded back into XRP. By distributing capital simultaneously across several smart contracts, the structure is designed to optimize returns without requiring users to execute complex DeFi strategies. All activity is fully on-chain, allowing every transaction to be publicly verifiable and transparent.

For withdrawals, the platform relies on Upshift’s infrastructure. Users can exit in a single step, as earnXRP tokens are burned and the compounded XRP is returned directly to their self-custodial wallets. The launch marks a new phase for XRP-focused yield generation within decentralized finance.

Source: Flare Network (official announcement)

Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.

December 22, 2025 16:05 ET

 | Source:

Parsons Services Company

CHANTILLY, Va., Dec. 22, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) is pleased to announce it was awarded a contract for the Missile Defense Agency (MDA) Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) indefinite-delivery/indefinite-quantity (IDIQ) contract with a ceiling of $151B. This contract encompasses a broad range of work areas that allows for the rapid delivery of innovative capabilities to the warfighter with increased speed and agility.

About Parsons:

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.

Forward Looking Statements:

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.

Media Contact:
Angie Benfield        
+1 803.334.5277
[email protected]

Investor Relations Contact:
Dave Spille
+ 1 703.775.6191
[email protected]

PALO ALTO, Calif., Dec. 22, 2025 (GLOBE NEWSWIRE) -- Wealthfront Corporation (Nasdaq: WLTH), a tech-driven financial platform helping digital natives turn their savings into wealth, today announced that its fiscal third quarter 2026 financial results will be released after the U.S. financial markets close on Monday, January 12, 2026.

Wealthfront will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. Access to the live webcast of the call and related earnings materials will be available through the Investor Relations page on Wealthfront’s website at ir.wealthfront.com. Following the call, a replay of the webcast will be available at the same website and will be accessible for one year.

About Wealthfront
Wealthfront is a tech-driven financial platform helping digital natives turn their savings into wealth. Since pioneering the automated investing category in 2011, the company has grown into a leading consumer fintech that helps clients achieve their financial goals with innovative saving, investing, borrowing, and lending products. Wealthfront’s expanding suite of high-quality, low-cost offerings helps digital natives earn more on their savings, borrow at lower rates, and keep more of their returns. To learn more and get started, visit www.wealthfront.com or download the Wealthfront app.

Contacts

Investor Relations: [email protected]

Media: [email protected]

December 22, 2025 16:05 ET

 | Source:

Calavo Growers, Inc.

SANTA PAULA, Calif., Dec. 22, 2025 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in sourcing, packing and distribution of fresh avocados, tomatoes, papayas and processing of guacamole and other avocado products, today announced that it plans to release financial results for the fiscal fourth quarter and fiscal year ended October 31, 2025 and file its Form 10-K for the 2025 fiscal year after the market closes on Wednesday, January 14, 2026.

About Calavo Growers, Inc.
Calavo Growers, Inc. (Nasdaq: CVGW) is a global leader in the processing and distribution of avocados, tomatoes, papayas and guacamole. Calavo products are sold under the trusted Calavo brand name, proprietary sub-brands, private label and store brands. Founded in 1924, Calavo has a rich culture of innovation, sustainable practices and market growth. The Company serves retail grocery, foodservice, club stores, mass merchandisers, food distributors and wholesalers worldwide. Calavo is headquartered in Santa Paula, California, with facilities throughout the U.S. and Mexico. Learn more about The Family of Fresh™ at calavo.com.

Investor Contact

Alex Villalta
Senior Vice President
Financial Profiles, Inc.
[email protected]
310-622-8227

TL;DR

Bitcoin whales cut their positions by 36,500 BTC since December, an orderly distribution equivalent to $3.37 billion.
Bitcoin traded between $85,000 and $94,000. Whale selling pressure increased by more than 130% over the month.
ETF demand failed to absorb the supply, sharks are accumulating, and the focus has shifted to exchanges.

Bitcoin whales shook the crypto market once again. On-chain data confirms that wallets holding between 10,000 and 100,000 BTC reduced their positions by 36,500 BTC since the start of December. At current prices, that distribution amounts to roughly $3.37 billion. This is not a marginal adjustment. It is an orderly exit by one of the most influential segments of the market.

This shift must be viewed within a backdrop of persistent volatility and a lack of clear direction. Throughout December, BTC traded within a wide range, between $85,000 and $94,000, failing to sustain upside breakouts. At the time of writing, BTC trades just below $88,300. The inability to hold higher levels coincides with a sharp increase in selling pressure from these whales, which rose by more than 130% during the first half of the month

Whales Pull Back While Sharks Accumulate
This behavior does not reflect retail profit-taking or impulsive reactions. Whales typically act with planning and long-term objectives. When this group reduces exposure, the market often enters periods of extended consolidation or deeper corrections. It is not a mechanical rule, but it is a pattern that warrants close monitoring.

The reduction in these positions carries additional weight because it occurs despite the presence of some favorable institutional signals. In recent weeks, spot Bitcoin ETF inflows have picked up. However, that incoming demand proved insufficient to absorb the supply released by large holders. The outcome is a market that maintains volume but lacks upward momentum.

At the same time, an opposite dynamic is emerging in lower tiers. Wallets holding between 100 and 1,000 BTC, known as sharks, are showing signs of accumulation. This divergence points to an internal rotation process within the market.

Where the BTC Goes Will Be the Key
Attention is now focused on flows into exchanges. If the distributed BTC begins moving steadily into centralized platforms, it would confirm intent to sell on the open market. That scenario would increase the likelihood of a move toward lower support levels, with a key technical zone around $80,400. If, instead, the BTC remains off exchanges, the market could continue to trade sideways while it absorbs the redistribution.

XRP (CRYPTO: XRP) holders that bet on $10 in 2025 are down 8% since the start of the year, refuting the wide-spread belief at the start of 2025 that 2025 would be a positive year for altcoins.

Reason #1: SEC Lawsuit Dragged Till AugustThe SEC vs. Ripple lawsuit didn’t conclude until Aug. 22 when the court clerk certified that both parties dropped their appeals.

The delay was not random. Former SEC Chair Gary Gensler filed a last-minute appeal just five days before Donald Trump fired him from office. 

It was similar to what happened in 2020, when Jay Clayton filed the original lawsuit on his final day as SEC chair.

Because of that appeal, the case stayed alive for months longer than expected. 

As long as the lawsuit was still open, XRP could not break out. 

Big institutions stayed away, ETF issuers could not move forward, and every rally stalled.

Reason #2: ETFs Didn’t Launch Till NovemberXRP spot ETFs didn’t go live until November, delayed by both the lawsuit and the government shutdown.

Six of seven ETF issuers updated their S-1 filings on August 22—the day the case officially ended—to confirm the lawsuit was resolved. 

Then the government shutdown forced another delay.

Paul Atkins at the SEC provided a workaround by allowing issuers to file amendments without delay clauses, triggering a 20-day countdown that let ETFs launch even during the shutdown.

But the damage was done as ETFs arrived too late in 2025 to fuel the institutional buying wave retail expected.

Reason #3: CLARITY Act Still Hasn’t PassedThe CLARITY Act, the market structure bill meant to give banks and institutions clear rules for using crypto, is still not law.

The House passed its version earlier this year, but the bill remains stuck in the Senate. 

As of late December, lawmakers have pushed the next step, a formal markup vote, into early 2026.

Three unresolved issues continue to hold the bill back which are stablecoin yield restrictions, Trump family conflicts of interest, and DeFi regulation.

Banks successfully blocked stablecoin issuers from paying interest under the GENIUS Act, but they now want that restriction expanded into broader market structure legislation. 

Their concern is simple as yield-bearing stablecoins threaten traditional bank deposits.

Additionally, several Democrats refuse to back the bill unless it restricts the president's family from profiting in crypto.

Third is DeFi regulation. Large Wall Street firms, including Citadel, are lobbying Congress to classify DeFi developers like centralized broker-dealers. 

That would force software builders to register with the SEC. Industry groups warn this approach would protect incumbents while pushing crypto development out of the U.S.

Jake Chervinsky, lawyer for the Blockchain Association, said a markup vote isn’t happening in December. 

What Happens NextRipple CEO Brad Garlinghouse predicted the CLARITY Act would pass in the first half of 2026. 

Industry consensus says the bill gets done by mid-year.

But here’s the kicker: XRP pumped 600% from $0.49 pre-election to $3.66 in July 2025, without laws. 

The rally came on speculation, not legislation.

Crypto analyst Zach Rector warns the CLARITY Act will be a buy-the-rumor, sell-the-news event, just like the ETFs. 

XRP will run in anticipation of the bill signing, then correct when it actually passes.

Chart Shows $1.80 Is The Last Line Of Defense

XRP Price Prediction On TradingView

XRP is down 0.49% on the day after surrendering roughly 48% from July’s peak near $3.70. 

The token now consolidates at multi-month lows with no meaningful reversal signals.

The Supertrend indicator sits at $2.1867, well above current price, while SAR dots at $1.9579 reinforce the downtrend. 

A descending triangle pattern has formed since October, with horizontal support around $1.80-$1.85 and declining resistance near $1.95. 

This compression typically resolves with a breakout, and the apex is approaching fast.

The critical support zone sits at $1.80-$1.85, tested multiple times in recent weeks. 

A breakdown below exposes XRP to a flush toward $1.60 or lower, where minimal structural support exists.

Resistance stands at $1.95-$2.00 initially, then $2.18 where the Supertrend sits. 

For any legitimate recovery, XRP needs to reclaim $2.40-$2.50, the November consolidation area. 

Until that happens, the technical bias remains firmly negative.

Read Next:

Strategy Sells $748M In Stock But Buys Zero BTC—Bad News For MSTR?
Image: Shutterstock

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According to local economist Asdrubal Oliveros, Venezuela collects 80% of its crude oil sales revenue in Tether’s USDT. The economist revealed the information in a recent podcast.

Oliveros said digital assets like USDT help sustain Venezuela’s oil economy, especially under United States sanctions. He further added that the country’s production of oil has risen to 1 million barrels per day.

The economist attributed the growth of oil production in Venezuela to the utilization of cryptocurrencies.

“The most direct link this year to the crypto sector comes from there because ultimately, almost 80% of oil revenue is being collected in cryptocurrencies, in stablecoins,” said Oliveros.

Caracas relies on stablecoins in its oil sector. However, the South American country struggles to liquidate its stablecoin holdings. This is due to controls limiting how the government can cash out and use the funds.

Oliveros added, “This is causing a bottleneck in the foreign exchange market, and that, well, puts pressure on demand, drives up the price, and that’s why we have to be very cautious.”

USDT is a big part of Venezuela’s oil trade
Local reports stated that USDT has become part of Venezuela’s oil trade. The South American country’s oil industry brings in $12 million. Most of this money is coming from China.

Integrating stablecoins like USDT in the oil industry is a huge move. It indicates that cryptocurrencies have grown and proved their usefulness in major industries. It also shows that stablecoins can be used to settle commodity trades when traditional payment systems fail.

Caracas has been receiving oil payments in USDT since 2024. The country resorted to crypto to evade US sanctions, which were imposed in 2019 under the Trump administration.

Full financial sanctions on PDVSA, the state-owned oil and natural gas company, and Venezuela’s central bank took effect at that time.

PDVSA started requiring digital wallets and USDT payments for spot oil sales by the end of March 2024. Caracas then authorized select banks and exchange houses to offer USDT to private companies for bolívars.

A bank or an exchange deposits stablecoins into a state-approved wallet before buyers can pay suppliers or sell them privately.

However, in 2024, Tether froze 41 USDT wallets connected to Venezuela oil sanction evasion. The wallets were linked to the OFAC’s specially designated nationals list.

In March, Washington imposed a 25% tariff on those buying Venezuelan oil.

Four months later, around 119 million worth of crypto was sold to Venezuelan private buyers, based on data from Reuters.

Oil shipments from Caracas rose to their third-highest average this year. However, tensions between the Washington and Caracas have been growing.

President Donald Trump ordered a naval blockade to prevent sanctioned oil tankers from entering or leaving Venezuela.

“For the theft of our Assets, and many other reasons, including Terrorism, Drug Smuggling, and Human Trafficking, the Venezuelan Regime has been designated a FOREIGN TERRORIST ORGANIZATION,” Trump wrote on Truth Social. “Therefore, today, I am ordering A TOTAL AND COMPLETE BLOCKADE OF ALL SANCTIONED OIL TANKERS going into, and out of, Venezuela.”

The Caracas government did not accept what it called Trump’s “grotesque threat.”

On December 10, the US seized an oil tanker off the coast of the South American country. Ten days later, the US seized a second oil tanker.

Despite the sanctions, the Venezuelan gross domestic product (GDP) grew from $102.38 billion in 2023 to $119.81 billion in 2024.

Prolonged sanctions may make the South American country a case study in stablecoin-based oil revenue.

If you're reading this, you’re already ahead. Stay there with our newsletter.

Bitcoin won't be broken by quantum computers soon, but preparing the network for risks could take five to ten years.

Quantum computing is back in Bitcoin conversations, and it has sparked fresh concerns about its long-term impact on blockchain security.

The co-founder and Chief Security Officer of self-custody solution Casa, Jameson Lopp, said Bitcoin is safe from quantum computers, for now.

Quantum Panic?
In the latest tweet, Lopp said that quantum computers are not a near-term threat to Bitcoin, in an attempt to address the growing concerns around such risks. He noted that while researchers will continue monitoring advances in quantum computing, current technology is still far from being able to break Bitcoin’s cryptography.

Despite this, preparing Bitcoin for a post-quantum future would not be quick or easy. According to Lopp, making careful protocol changes and coordinating a large-scale migration of funds across the network could take anywhere from five to ten years.

“We should hope for the best, but prepare for the worst.”

Grayscale also echoed a similar sentiment last week in its recent report, and said that quantum computing risks are unlikely to have a meaningful impact on crypto markets in 2026, despite recurring concerns around the technology’s long-term implications.

While sufficiently powerful quantum computers could theoretically break current cryptographic systems, the asset manager estimates that such capabilities are well beyond the near term, likely after 2030. Grayscale expects research into post-quantum cryptography and network preparedness to continue and potentially accelerate, but added these developments are unlikely to influence digital asset valuations or market performance in 2026 from an investment perspective.

Risks Are Being Underestimated
However, Ethereum co-founder Vitalik Buterin warned that quantum computing poses a more immediate risk to blockchain cryptography than is often assumed, while assigning a 20% chance that quantum computers could break current cryptographic systems before 2030.

You may also like:

Gold $5K or Bitcoin $50K Crash? Peter Schiff Sparks Market Debate

Bitcoin’s Strongest Ally in the US Senate Is Leaving Office

This Year Has Been a Drag But BTC is Still Up Over 400% Since Cycle Low

Charles Edwards, founder of quantitative Bitcoin fund Capriole, also expressed concern that dismissing quantum computing risks could lead to severe consequences for Bitcoin. In a recent post, Edwards said a major bear market may be needed to force the community to take the threat seriously and push for network upgrades.

He stated that if Bitcoin fails to deploy a quantum-resistant fix by 2028, prices could fall below $50,000 and continue declining until the issue is resolved. The founder added that urgent action is needed as early as next year, and a failure to act could trigger the largest bear market in Bitcoin’s history, which could end up eclipsing past crises such as FTX.

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Published: Dec 22, 2025, 20:26 GMT+00:00

Key Points:The Aave DAO has protested against Aave Labs after the latter redirected fee revenues without its permission.This governance clash could accelerate the latest downturn that the AAVE token has experienced.AAVE just hit a key support from which it has bounced strongly in the past. Can it do it again?

Aave (AAVE) has gone down by nearly 11% in the past 24 hours and currently sits at $156 per token as a governance battle is raging.

Understanding how decentralized protocols work from a management perspective takes a bit of mental flexibility.

In the case of Aave and most other DeFi solutions, there’s a central entity that runs the front-end side of the protocol. In this case, that entity is Aave Labs, a company run by the creator of the solution, Stani Kulechov.

Meanwhile, the Aave DAO is a decentralized entity owned by the wallet addresses that hold $AAVE tokens.

Right now, there’s an ongoing debate on who owns what and the rights that these two entities have over certain Aave assets.

Aave Labs and Aave DAO Clash Over Fee Revenue Allocation
The whole discussion began with a change in the platform that provides fee revenues to Aave for token swaps. Aave Labs unilaterally decided to switch service providers and sign an agreement with CoWSwap.

Now, contrary to the traditional arrangement, this new deal would direct fee revenue to Aave Labs, and this creates a conflict of interest as top delegates from the Aave DAO believe that the funds should go to this decentralized entity, as they have always.

Now this is not pennies on the dollar. We are talking about a deal that could generate about $10 million per year for Aave Labs. Delegates and $AAVE holders believe that this revenue should go to the DAO to strengthen its treasury.

Stani Kulechov Official X Account – Source: X.com

Multiple proposals have been floated in the Aave decentralized governance platform including one to sue Aave Labs for misappropriating funds that belong to the DAO and another one, perhaps the most likely to be considered by the community, that involves transferring all of the Aave protocol’s assets (brand name, control over the user-facing interface, social media accounts, etc), to the DAO.

Whatever the outcome of this ongoing battle between two entities whose interests should be aligned could have a major impact on the price of AAVE at a point when the crypto market is in a fragile state.

This is bearish for the token and could have a severe impact on its short-term performance, especially if the two entities fail to reach some sort of middle ground.

AAVE Hits Key Support as Governance Battle Rages On – Will It Hold?
Looking at the daily chart, AAVE has once again touched a key area of support at around $155, from which it has bounced strongly multiple times in the past.

AAVE/USD Daily Chart (Coinbase) – Source: TradingView

Trading volumes today have spiked by nearly 310% as the token hit this mark once again. At $834 million, these volumes account for more than a third of the token’s circulating market cap, underscoring the strength of the buying/selling activity at this price level.

This increases its technical relevance and could result in a huge bounce if this turns out to be an area of strong buying pressure.

The last time this support area was hit, the price went on to recover by over 30%. That said, the latest events that have prompted this recent decline could catalyze the first break below $150 mid-November.

A price compression pattern called a symmetrical triangle has popped up as well, showcasing that the market has come to an agreement on the asset’s fair value for the time being. The outcome of this governance battle will likely determine the trajectory that AAVE will take moving forward.

A break below its trend line support could result in a move toward the October 10 lows of $127, while a breakout of the symmetrical triangle, which means a move above $190, could result in a reversion to the mean – in this case, the 200-day exponential moving average (EMA) at $236.

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Alejandro Arrieche specializes in drafting news articles that incorporate technical analysis for traders and possesses in-depth knowledge of value investing and fundamental analysis.

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Posted: December 23, 2025

Bitmine Immersion [BMNR] has increased its Ethereum holdings to surpass 4.06 million ETH. This cements its position as the world’s largest ETH treasury at a time when traditional institutional demand through spot ETFs is softening. 

The company now controls 3.37% of the entire Ethereum supply—a concentration level rarely seen outside early Bitcoin corporate treasuries.

The milestone comes as Bitmine accelerates accumulation, adding 98,852 ETH in just one week and more than 506,000 ETH in the last 30 days, according to both company disclosures and CoinGecko’s treasury tracker. 

The firm’s total crypto and cash holdings now stand at $13.2 billion, supported by high trading liquidity.

Ethereum treasury accumulation surges while ETF demand weakens
Bitmine’s rapid build-up contrasts sharply with the behavior of spot Ethereum ETFs. Recent SoSoValue data shows:

Daily ETF outflows have dominated since October, with multiple days exceeding –$300M
Total ETF net assets dropped from $31B to $18B
ETH price has followed ETF flows almost tick-for-tick during the downtrend

This pullback marks a shift away from “early-cycle” institutional positioning. 

While the summer inflow wave generated strong buying pressure, lifting ETH from June through August, the market has since transitioned into a consolidation phase marked by reduced ETF participation.

Bitmine appears to be operating with a different thesis. 

Instead of tracking ETF-driven sentiment, the company is buying aggressively into weakness and positioning ahead of what it calls the “alchemy of 5%”: a target of owning 5% of the global ETH supply.

Bitmine now dominates the Ethereum treasury landscape
CoinGecko’s latest treasury ranking shows a wide gap between Bitmine and every other corporate ETH holder:

Bitmine Immersion — 4,066,062 ETH
SharpLink — 859,853 ETH
The Ether Machine — 496,712 ETH
Bit Digital — 153,546 ETH
Coinbase — 148,715 ETH

Bitmine’s holdings are more than 4x larger than the next competitor, and the firm has generated the only meaningfully positive 30-day accumulation across the entire top 10 list.

Source: CoinGecko

Why this matters for Ethereum
Bitmine’s accumulation pushes Ethereum into a new phase of institutional adoption—one less tied to ETF speculation and increasingly anchored in:

Corporate treasury strategies
Validator economics
Tokenization infrastructure, where Bitmine claims to be working closely with key DeFi players
Long-term supply reduction, as large entities hold and stake ETH rather than circulate it

This centralized accumulation also carries market implications. 

Treasury demand is fundamentally less reactive than ETF flows. While ETFs respond to daily sentiment and macroeconomic pressures, treasury buyers often accumulate during downturns, thereby reducing the supply available to the open market.

With Ethereum’s net issuance already at historically low levels, these balances contribute to a tightening supply profile that may amplify future price cycles.

ETH price context: Consolidation now, but foundations strengthening
ETH trades around $2,990, down from its mid-year highs but stabilizing near long-term support. The recent ETF-driven correction contrasts with strengthening fundamentals:

Active wallets and network usage remain high
Treasury accumulation is rising
Validator infrastructure is expanding
Tokenization and L2 ecosystems continue gaining traction

Bitmine’s contrarian accumulation during this period indicates confidence in Ethereum’s long-term monetary structure and settlement role.

Final Thoughts

Bitmine’s 4M+ ETH milestone signals a shift from ETF-led to treasury-led institutional Ethereum adoption.
With ETFs cooling, Bitmine’s accumulation strategy positions ETH for a future supply squeeze and deeper corporate integration.

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Bitcoin slips below $88,000 as traders brace for $28.5 billion Deribit options expiryCrypto continues to lose ground ahead of this week's record options expiration, while defensive positioning and thinning liquidity suggest caution into 2026.Updated Dec 22, 2025, 8:46 p.m. Published Dec 22, 2025, 8:46 p.m.

Bitcoin BTC$88,303.05 and other crypto assets again fell steadily through the U.S. session on Monday, with BTC sliding below $88,000 after earlier having climbed above $90,000 and ETH ducking back below $3,000.

Some crypto-related stocks are still holding gains, led by Hut 8 (HUT), which continues to rise following its deal last week for a 15-year AI data center lease with Fluidstack. Shares are higher by 16% Monday, helped by a price target increase Benchmark's Mark Palmer.

STORY CONTINUES BELOW

Other names in the green include Coinbase (COIN) and Robinhood (HOOD), though both are well off session highs as crypto prices have pulled back. Strategy (MSTR) has swung from a 3% gain to a modest loss late in the day.

Options expirationThe recent highly choppy price action between $85,000 and $90,000, comes ahead of Friday's record-setting $28.5 billion in BTC and ETH options expirations on crypto derivatives exchange Deribit. That amount represents more than half of Deribit's $52.2 billion in open interest, noted Jean-David Pequignot, the exchange's chief commercial officer.

"This year-end expiry marks the culmination of a year defined by institutional maturity and a shift from speculative cycles to a policy-driven supercycle," said Pequignot.

At the center of the action, Pequignot continued, is bitcoin’s $96,000 “max pain” level, where option writers stand to benefit most. A notable $1.2 billion in open interest is clustered at the $85,000 strike in puts, which could pull spot prices lower if selling pressure builds. While mid-term call spreads targeting $100,000–$125,000 remain in play, short-term protective puts have grown more expensive, he said.

The skew between call and put pricing has dropped from recent highs but still indicates caution, Pequignot continued.

Traders appear to be rolling defensive positions forward rather than closing them out, he said. According to Péquignot, there's been a shift from December $85,000–$70,000 puts into January $80,000–$75,000 put spreads. This suggests that while the immediate risk into year-end is being covered, traders remain wary of what’s ahead.

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