Author: Isabella Taylor

The U.S. Securities and Exchange Commission (SEC) has moved to block the launch of highly leveraged exchange-traded funds designed to deliver three to five times the daily performance of stocks and cryptocurrencies. Summary SEC issues warning letters sent to issuers like Direxion, ProShares, and Tidal Financial over funds attempting 3x–5x daily exposure to stocks and cryptocurrencies. The SEC cited excessive value-at-risk exposure above the 200% legal threshold, requiring firms to adjust strategies or withdraw filings. ProShares quickly withdrew several applications; leveraged ETFs remain popular but risky, highlighting the regulator’s caution amid growing retail interest in crypto-linked products. The agency issued…

When Sony Bank tapped Bastion to become its sole stablecoin issuance provider, it marked one of the clearest signals yet that the world’s largest enterprises are preparing for a future built on digital dollars. For Nassim Eddequiouaq, CEO of Bastion, the partnership is more than a milestone — it’s validation of a vision he’s been driving toward for years: regulated, enterprise-grade stablecoin infrastructure that can operate at global scale. Summary Sony Bank has selected Bastion as its exclusive stablecoin issuance provider, signaling a major push by a global enterprise into regulated digital dollars. Bastion will manage issuance, reserves, compliance and…

Coinbase Institutional released its monthly outlook report on Wednesday, indicating that conditions may favor a market reversal in December following Bitcoin’s underperformance in November. Summary Bitcoin underperformed in November, falling more than three standard deviations below its 90-day average, while U.S. equities saw milder declines. Market conditions may favor a December reversal, as the end of quantitative tightening and potential Fed rate cuts could unlock sidelined cash into Bitcoin and crypto vehicles. “I am bearish on the Fed and what they continue to do to the value of the dollar,” James Lavish says. “Bitcoin captures this.” The cryptocurrency exchange’s institutional…

Ethereum has officially implemented its Fusaka upgrade, designed to increase the network’s transaction processing capacity while maintaining security and decentralization standards, according to network documentation. ETH co-founder Vitalik Buterin tipped his hat to the developers behind the initiative. Summary Ethereum rolls out Fusaka upgrade to boost transaction processing while keeping security and decentralization intact. Key innovation is EIP-7594 (PeerDAS), allowing nodes to verify block data without downloading everything, improving efficiency. Upgrade supports scaling and DeFi growth, helping Ethereum handle millions of daily transactions and maintain its leading smart contract ecosystem. “Big congrats to the Ethereum researchers and core devs who…

Former SEC Chair Gary Gensler isn’t letting crypto enthusiasts off the hook anytime soon. Summary Gary Gensler doubles down on skepticism, calling most cryptocurrencies (beyond Bitcoin and USD-backed stablecoins) speculative assets lacking fundamental value. Investor caution is key, as Gensler warns that political narratives and ETF hype don’t reduce the underlying volatility or risk. Regulation vs. innovation: Gensler maintains that protecting investors and fostering crypto innovation can coexist, despite ongoing sector mistrust. In a recent Bloomberg interview, he reminded the market that most digital tokens remain speculative, volatile, and poorly understood by retail investors—even as the Trump administration and politicians…

Coinbase Global Inc. got a welcome jolt Wednesday afternoon as Bitcoin sprang back above $93,000 — a reminder that Coinbase and the world’s largest cryptocurrency remain a co-dependent duo. Summary Coinbase shares climbed on Wednesday as Bitcoin surged back to just under $94,000. Despite a recent downgrade, bullish sentiment remains, boosted by strong Q3 earnings and continued buying from Cathie Wood’s Ark Invest. Crypto-linked stocks are rebounding from a broader market pullback. The stock closed at $276.92 per share on Wednesday, up over 5%. The logic is simple: when Bitcoin rallies, people trade more. When people trade more, Coinbase earns…

Solana got a midweek boost after SkyBridge founder Anthony Scaramucci took to CNBC to declare the blockchain a top contender in the race to become the industry standard for tokenized assets. Summary Anthony Scaramucci says Solana is primed to become a global standard for tokenized assets as blockchain rails replace legacy financial plumbing. SkyBridge holds Solana as a core position, with Scaramucci comparing today’s landscape to the early days of cloud computing—where multiple big winners emerged. SOL’s price rebound shows strong support near $120–$125, but bulls still need a breakout above $158 to flip the trend. In classic Scaramucci fashion,…

Bitcoin price briefly touched $93.9K today, December 3, sparking excitement, though it’s since pulled back slightly. The market is focused on the December 10 FOMC meeting, which could set the stage for broader trends. With an 87% likelihood of a 25-basis-point rate cut, traders are weighing whether Bitcoin will push higher or face a minor pullback. Summary BTC briefly spiked to $93.9 K on December 3 before pulling back, as markets gear up for the December 9–10 FOMC meeting. Given the possibility of a Fed rate cut, many anticipate a surge in liquidity — a setup that historically tends to favour Bitcoin and…

Aster token price fails to reclaim the $1.10 point of control, triggering a rejection that raises concerns the recent rally was a dead-cat bounce lacking meaningful bullish volume. Summary Failure to reclaim $1.10 confirms strong resistance and bearish momentum. Weak bullish volume undermines the sustainability of the latest rally. Downside continuation toward the $0.92 high-time-frame support appears likely. Aster (ASTER) token price is entering a fragile phase after failing to reclaim the $1.10 point of control, a major resistance zone within its current trading range. The rejection from this level has shifted momentum back in favor of sellers and cast…

Monero price forms a bearish double top at the $438 resistance level, signaling sellers are tightening control as downside momentum strengthens toward the next major support at $313. Summary Bearish double top at $438 confirms reversal from the recent uptrend. Rising wedge breakdown signals strengthening downside momentum. Next major support lies between $319 and $313, with sellers in control. Monero (XMR) price is showing a clear shift in momentum after rejecting strongly from the $438 high-time-frame resistance, forming a bearish double top that has put sellers firmly in control. This pattern, combined with rising bearish candle formations and a confirmed…