Category: crypto

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.

Neo’s ‘Grouchy, Grinchy, Grumpy AI Christmas’ game allows users to pay 0.5 GAS to interact with an unhelpful AI, solve a mystery gift, and share a growing 200+ GAS prize pool. Players must decode the AI’s responses to identify the stolen gift and collaborate to solve the mystery by December 30.

The Coinbase premium for Bitcoin has been negative for seven days, indicating weaker demand in the United States compared to other markets. Year-end selling in the West contrasts with steady buying in Asia, reflecting a trend seen in previous market cycles before prices rose. Institutional activity and tax considerations may be influencing these patterns.

Upshift, Clearstar, and Flare have introduced earnXRP, a new onchain yield vault for XRP holders to earn compounded XRP-denominated returns. The vault allows users to deposit FXRP, which is then deployed across various yield strategies with profits compounded back into XRP. It aims to simplify earning onchain XRP yield.

Midnight, a privacy-focused token linked to Cardano, reached a record high after being listed on major exchanges like Binance, Bybit, and Kraken. The surge in price and volume attracted both retail and institutional traders. On-chain data suggests capital moving from Cardano DeFi into Midnight due to its privacy features and association with Charles Hoskinson.

Bitcoin is trading in a ‘bullish neutrality’ regime with composite indicators improving and short liquidations dominating. This leads to controlled upside pressure with limited froth. A regime indicator sits at +16.3 in the upper neutral band, historically delivering positive 30-day returns. Short liquidations dominate, creating upward pressure on prices.

President Trump announced plans to bring 1,600 new power plants online within a year to reduce electricity costs as part of his economic agenda. The surge in energy demand, especially from data centers for AI projects, is highlighted by ERCOT. Trump aims to boost economic growth and competitiveness through increased energy generation.