Author: John Smith
Tesla has amassed over 1 million loyal retail shareholders, raising questions over whether Musk can replicate that grassroots investor base if SpaceX opens to the public. Summary Tesla has attracted more than one million retail shareholders, giving Musk an unusually large individual investor base for an S&P 500 CEO. Heavy retail ownership lets Tesla pursue long-term strategies with less pressure from large institutions that typically dominate blue-chip shareholder lists. SpaceX remains privately held with concentrated institutional and accredited ownership, prompting debate over whether it could ever mirror Tesla’s broad retail fan base. Tesla Inc. has attracted more than one million…
Abu Dhabi’s ADGM designates Tether’s USDT as an Accepted Fiat-Referenced Token across Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON and TRON, expanding prior approvals. Summary ADGM’s FSRA now recognizes USDT as an Accepted Fiat-Referenced Token for regulated institutions across Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON and TRON. The move builds on earlier recognition of USDT on Ethereum, Solana and Avalanche, enabling cross-border payments, custody and settlement in a supervised framework. Tether says the UAE’s digital asset rules and ADGM partnership advance financial inclusion while positioning USDT as a core settlement rail in the region. Tether’s USDT stablecoin…
Ethereum whales and sharks accumulated 934,240 ETH over three weeks while retail sold 1,041 ETH, fueling a price rebound as volatility cooled, Santiment shows. Summary Large Ethereum holders classified as whales and sharks accumulated approximately 934,240 ETH over three weeks, while retail wallets holding fewer than 10 ETH sold 1,041 tokens, creating divergent trading patterns. Addresses holding between 100 and 100,000 ETH saw balances climb steadily into early December, according to on-chain data from Santiment, with the accumulation phase corresponding to reduced price volatility and a subsequent rally. Such divergences between large and small holders have historically preceded short-term price rallies or trend reversals, with…
Binance co-CEO Yi He’s old WeChat account was hacked on Dec. 9, allowing scammers to push a memecoin called MUBARA in a coordinated pump-and-dump. Summary Yi He’s old WeChat account was hacked and used to promote the memecoin MUBARA. On-chain data shows coordinated buying before the scam posts and profit-taking during the surge. CZ and Yi He warned users to ignore the messages and avoid the token. Binance co-CEO Yi He, newly appointed to serve alongside Richard Teng, became the target of a hack involving an unused WeChat account tied to an old phone number. The account was taken over…
Crypto prices today are edging higher as traders position for the Federal Reserve’s December interest rate decision and a possible shift in liquidity conditions. Summary Bitcoin, Ethereum, and major altcoins rose ahead of the Fed policy decision. Traders expect a 25bp cut with mixed historical reactions after FOMC events. Analysts see possible short-term swings, with key support near $87,000. The total cryptocurrency market value rose 3% to $3.2 trillion, extending a quiet recovery across major assets. Bitcoin gained 2.3% in the past day to $92,496, while Ethereum increased 6% to $3,312. Solana rose 3.9% to $138, continuing its steady climb.…
TRUMP memecoin is launching a Trump-themed mobile game to revive engagement after an 87% price slide from its all-time high. Summary TRUMP announces Trump Billionaires Club, a mobile game with NFT collectibles and token-based gameplay. A $1 million prize pool in TRUMP tokens targets early user onboarding and retail excitement. The launch follows a steep token drawdown and aims to renew activity through gamified incentives. The TRUMP memecoin has unveiled Trump Billionaires Club, a Trump-themed mobile game built to inject fresh engagement into the token’s ecosystem after a steep 87% drawdown from its early-2025 peak. Announced on Dec. 9 through…
The Office of the Comptroller of the Currency has authorized national banks to intermediate crypto transactions through riskless principal trades, according to new guidance released by the agency. Summary The OCC authorized national banks to facilitate cryptocurrency transactions through riskless principal trades. This allows them to intermediate fully offsetting digital asset purchases and sales without taking market risk. The guidance comes amid broader 2025 policy shifts as U.S. banking regulators roll back earlier restrictions. The OCC published Interpretive Letter 1188 on December 9, formally permitting national banks to participate in transactions where they briefly purchase digital assets from one customer…
Circle stock showed signs of potential decline as a technical indicator signaled a sell opportunity, according to market analyst Ali Martinez, despite recent positive business developments for the stablecoin issuer. Summary Circle shares saw a decline after hitting a sell signal on the TD Sequential indicator; the stock erased earlier gains this year. Despite market fluctuations, Circle has expanded its regulatory presence, securing Financial Services Permission in the UAE to operate as a money services provider. Circle has also launched USDCx, a stablecoin with enhanced privacy features through a partnership with Aleo blockchain, and partnered with Bybit to boost global…
21Shares has just filed an updated prospectus for its eagerly anticipated 21Shares XRP ETF (TOXR), pushing the product one step closer to gaining regulatory approval—just in time for a fresh wave of investor interest in crypto-linked exchange-traded products. Summary 21Shares has filed an updated prospectus for its 21Shares XRP ETF (TOXR). The ETF is one step closer to regulatory approval and launch, with a lower management fee of 0.30%. 21Shares is seeding its product with 20,000 shares priced at $25 each, as traders anticipate a potential rally similar to Solana’s. For those who’ve been following the saga, the 21Shares XRP…
Ethereum price continued its uptrend today, Dec. 9, its highest point since Nov. 13, and 30% above its lowest level in November. Summary Ethereum price has rebounded in the past few days as demand rose. The token is about to flip the Supertrend indicator from red to green. Ether shorts liquidations rose to over $120 million on Tuesday. Ethereum (ETH) token soared to a high of $3,380 as the crypto market bounced back ahead of the Federal Reserve interest rate decision, scheduled on Wednesday. The coin is rising as market participants boost their odds for a cut. Polymarket and Kalshi…