Category: crypto

Hong Kong’s insurance regulator is proposing rules allowing insurers to invest in crypto with a 100% risk charge, a first in Asia. Stablecoins are treated differently, with risk charges tied to fiat currency. The move contrasts with Singapore, South Korea, and Japan, positioning Hong Kong as a leader in insurer crypto allocations.

Aave Labs and the Aave DAO are in dispute over CoW Swap fee flows, with delegates pushing to transfer all Aave IP, brand, and assets to tokenholder control. Accusations of “stealth privatization” and $10 million in diverted revenue have emerged, leading to a governance battle over asset ownership within the Aave ecosystem.

Kalshi has launched Kalshi Research, a research unit offering academics access to its prediction market data. An internal study found their inflation forecasts outperformed Wall Street by 40%. The move comes amid rapid growth and regulatory scrutiny. The company aims to position itself as a data source for economic and policy analysis.

Bitcoin’s network hashrate has dropped by 4%, the steepest decline since April 2024. This decline is seen as a signal indicating market lows and has historically led to positive price gains for Bitcoin. There is pressure on miners, traders, and short-term holders, but long-term holders remain confident. Corporate treasuries have been buying Bitcoin while exchange-traded…

Curve Finance has gained attention for capturing 44% of Ethereum decentralized exchange fees in the past month, up from 1.6% a year ago. Growth is driven by crvUSD trading and deep Bitcoin liquidity pools. Despite DAO discussions, on-chain data shows Curve at the center of Ethereum’s DEX activity, reflecting increased usage.

Bitcoin is currently stuck in a tight trading range as buyers and sellers struggle for control. Technical analysis suggests that failed breakouts and shallow pullbacks indicate hesitation from both sides. A sustained break above resistance could signal a bullish trend, while a drop below support would turn sentiment bearish.

Coinbase acquires prediction markets startup The Clearing Company, led by Toni Gemayel, to enhance its trading platform. This move follows the recent introduction of event-based trading. The acquisition allows Coinbase to tap into the growing demand for prediction markets alongside crypto, stocks, and derivatives. Terms of the deal were not disclosed.

Jiuzi Holdings partners with Exsat Network, part of the EOS ecosystem, to develop a global cryptocurrency custody business aiming to reach $3 billion. The venture focuses on providing secure storage for digital assets and related services for institutional and high-net-worth clients. This strategic move aims to capitalize on the growing demand for regulated crypto custody.

Tensions rose in AAVE as a governance proposal suggested token holders take control of brand assets. The debate, sparked by a post from BGD Labs co-founder, focused on ownership of Aave’s name, website, and social media. Aave founder Stani Kulechov advanced the proposal to a vote, facing opposition. AAVE price dropped as a whale sold…

Strategy, formerly MicroStrategy, established a $1.44 billion USD reserve to support dividends and interest payments, which has since grown to $2.19 billion. The company did not purchase any Bitcoin for the week ending Dec. 21, instead selling Class A stock to raise $747.8 million. Stock price has declined and faces resistance and support levels.