unfolded.

Merry Christmas, anon! 🦍 May volatility bring more ups than downs this year! Wishing you a smooth sailing through every market cycle ❤️

HashKey Capital's $500 million-target blockchain fund raises $250 million in first round — link

Philippines blocks Coinbase, Gemini amid wider crackdown on unlicensed VASPs — link | AI comment

Russia moves to legalize domestic crypto deals for retail buyers — link

Ethereum max pain price $3,100, $3.80 billion notional value, put/call ratio 0.45

This Friday 8 AM UTC, 267K $BTC are set to expire on Deribit with a notional value of $23.48 billion. Max pain price $96,000, put/call ratio: 0.37

Since the Bitcoin ETPs launched in the U.S. in January 2024, global crypto ETPs have seen net inflows of $87 billion — link

Banking startup Erebor raises $350 million at over $4 billion valuation following FDIC approval — link

ETHZilla sells $74.5 million of Ether in effort to trim debt load — link

Bitcoin has decoupled from stocks. The S&P 500 closed at a record earlier this month and is up 16% for the year. Tech stocks, with which Bitcoin has often tended to move in sync, have done even better — link

Coinbase to acquire prediction markets startup The Clearing Company — link

BitMine's ETH holdings reached 4.066 million after acquiring 98,852 tokens over the past week — link

JPMORGAN EXPLORING CRYPTO TRADING FOR INSTITUTIONAL CLIENTS - BBG

Ghana passes law to legalize widespread use of cryptocurrency — link

Digital asset investment products saw $952m in outflows, the first in four weeks, driven by delays to the US Clarity Act, prolonging regulatory uncertainty, and concerns over whale selling — link

Hong Kong plans new crypto, infrastructure rules for insurers — link

2024 and 2025 is the second and third-largest years for long-term supply reactivation in Bitcoin's history, surpassed only by 2017 — link | AI comment

Bybit returns to UK with 100 crypto trading pairs after 2-year break — link

Jump Trading accused of contributing to Terraform collapse, Administrator seeks $4B in damages — link

Senate confirms CFTC Chair pick Michael Selig as agency takes larger role regulating crypto — link