Category: crypto

Poland’s President vetoed the Crypto-Asset Market Act, sparking a battle over digital-asset rules. The decision has left over a million investors caught in political crossfire and regulatory uncertainty. The veto has been criticized by government leaders, while the crypto industry sees it as a win against overreach.

Grayscale Research remains unfazed by Bitcoin’s 30% drop, attributing it to normal market behavior rather than the start of a prolonged downturn. The company predicts new highs for Bitcoin next year, rejects the idea of a 2026 downturn, and sees potential for a rally fueled by Fed rate cuts and bipartisan crypto legislation.

AI agents, including GPT-5 and Claude, can exploit smart contracts on Ethereum and other blockchains, revealing security flaws and potential financial risks. A study using SCONE-bench shows AI models can generate significant profits through exploiting vulnerabilities, highlighting the need for proactive AI-powered defense strategies in cybersecurity.

Kraken, the third-largest centralized exchange in the U.S., acquired Backed Finance to expand its tokenized stock offering. Backed Finance has a 23% market share and offers exposure to over 60 tokenized equities and ETFs. The acquisition is expected to enhance Kraken’s capabilities in the tokenized equities market.

Vitalik Buterin donated 256 ETH (~$600,000) to privacy-focused messaging apps Session and SimpleX Chat. The grant aims to support the development of metadata-resistant communication systems. Both apps operate independently of blockchain infrastructure and prioritize communication privacy infrastructure over typical blockchain functionality. This donation highlights the importance of privacy-enhancing technologies in digital communication.

Michael Burry, famous for predicting the 2008 financial crisis, has criticized Bitcoin, calling it “worth nothing” and a speculative bubble lacking fundamental support. He believes Bitcoin’s rise to six-figure price levels is not supported by quantifiable fundamentals and is consistent with speculative activity. Burry also expressed concerns about the broader stock market, predicting a potential…

Dogecoin whale activity has dropped to a 60-day low, with large transactions decreasing from 38 to four. The meme coin is testing key support levels and trading below its 200-day EMA. Momentum has weakened since a previous rally, with RSI showing negative readings. This decline in whale activity is a significant change from previous months.

The Federal Reserve injected $13.5 billion into banks through a large overnight repo, raising concerns about funding stress and liquidity conditions in asset markets. This injection was one of the biggest since 2020, indicating rising demand for short-term dollar liquidity among financial institutions. Markets are watching for potential ripple effects.

NYSE Arca approved the Grayscale Chainlink Trust to convert into a U.S. Chainlink ETF, following recent approvals for other crypto funds. The move reflects a shift in SEC policy towards faster approvals for crypto products, with Chainlink joining other converted crypto ETFs like Dogecoin and Solana in Grayscale’s offerings.

XRP dropped 9.5% as a weekly buy signal was indicated by the TD Sequential indicator, suggesting a potential reversal in the bearish trend. Ethereum’s 12-hour chart showed a bearish setup, triggering a similar signal. Traders are now waiting to see if these signals will lead to reversals or further declines.