Category: crypto

Major U.S. banks deny accusations of politically motivated de-banking, attributing account closures to regulatory compliance rather than ideology. Crypto businesses face de-risking pressure, but evidence suggests political motivations are exaggerated. Lack of transparency in banking closures fuels misconceptions, highlighting the need for clearer standards and communication.

President Trump is expected to name a new Federal Reserve chair before Christmas, with Kevin Hassett and Christopher Waller among the finalists. The new chair could impact crypto prices, with lower interest rates typically boosting prices. A 25-basis-point rate cut is expected at the Dec. 10 Fed meeting, but uncertainty remains.

The number of Bitcoin addresses holding over 0.1 BTC has declined by 2.3% over two years, the first drop since 2009. Smaller wallets saw a 0.7% decline, while larger balances decreased more. This reflects changing infrastructure and security practices, with many investors now using intermediaries like ETFs and exchanges.

EMJ Capital’s Eric Jackson predicts Bitcoin could reach $50 million per coin by 2041. He believes Bitcoin will transition from digital gold to global collateral for sovereign debt, potentially replacing the Eurodollar system. This shift would require Bitcoin’s value to increase significantly, making it a foundational layer in the financial system.

Google searches for “dollar debasement” have hit record highs in the US due to concerns over USD erosion. The dollar index has fallen to multi-year lows as M2 money supply increases, leading to a shift towards quantitative easing. This has boosted the narrative for Bitcoin and crypto investments.

Canada’s CRA obtained a court order for Dapper Labs to provide data on 2,500 users for a crypto tax investigation. The agency has recovered over C$100 million in unpaid taxes since 2020. Canada will implement the OECD CARF in 2026 and regulators are increasing enforcement actions on platforms like Cryptomus and KuCoin.

Solana has maintained a key support level for 18 months as traders anticipate potential Federal Reserve easing. Technical indicators show bullish signals, with RSI exhaustion and improving MACD structure. The ecosystem is growing, with institutional inflows and rising social buzz. Market indicators suggest a positive setup for price appreciation.

Former QuadrigaCX co-founder Michael Patryn lost $1 million in seized gold, cash, and luxury goods in British Columbia under unexplained wealth order powers. The assets were allegedly misappropriated from QuadrigaCX customer funds before the exchange collapsed in 2019. Patryn did not contest the seizure, and the province may use the assets to compensate creditors.

Harvard increased its Bitcoin ETF stake by 257% in Q3 2024, making it their top holding despite Bitcoin’s decline. This move sparked criticism over Bitcoin’s volatility, lack of yield, and energy consumption. Market analysts noted outflows from BTC ETFs and cautious trading due to options clustering around key price levels.

Coinbase has resumed operations in India with crypto-only trading after a two-year suspension. Users can now exchange cryptocurrencies and use Coinbase Wallet, with plans for a fiat on-ramp in 2026. The restart follows FIU registration and signals a bid to re-enter India despite strict tax rules.