Strategy is positioned for a ‘prolonged crypto winter’ after boosting cash reserve, TD Cowen says
TD Cowen said the added cash strengthens Strategy’s ability to operate through a “prolonged crypto winter” by improving liquidity. Source link
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Coinbase to acquire prediction markets startup The Clearing Company
The deal follows Coinbase’s recent rollout of prediction markets on its platform and is expected to close in January. Source link
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New XRP yield product earnXRP launches using Flare Network’s infrastructure
Three entities — Upshift, Clearstar, and Flare — have jointly launched earnXRP, a new product that allows users to earn yield denominated in XRP. Source...
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CryptoQuant says bear market has started, sees bitcoin downside risk to $70,000
CryptoQuant sees bitcoin downside risk toward around $70,000, and said it could fall as low as $56,000 if the downtrend continues. Source link
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JPMorgan reiterates it doesn’t see a trillion-dollar stablecoin market by 2028. Here’s why
JPMorgan said stablecoin demand remains primarily driven by crypto trading activity, while growing use in payments may not materially increase supply. Source link
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Coinbase expands into stocks, prediction markets, Solana DEX trading via Jupiter, and more in ‘everything exchange’ push
Coinbase is rolling out stock trading, prediction markets via Kalshi, Solana DEX trading through Jupiter, custom stablecoins and more. Source link
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ETHGas raises $12 million in token round as it launches Ethereum blockspace futures market with $800 million in liquidity commitments
The project previously raised an unannounced pre-seed round of about $5 million in mid-2024, founder Kevin Lepsoe told The Block. Source link
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RedotPay raises $107 million Series B to expand stablecoin payments platform
RedotPay says it processes over $10 billion in annualized volume and generates more than $150 million in annualized revenue. Source link
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The Funding: Why privacy is a hot narrative in crypto right now
Privacy tokens are rallying, new infrastructure is gaining steam, and VCs are paying closer attention to this area. Source link
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Pyth launches token buyback program, allocating 33% of DAO treasury to monthly PYTH purchases
The buybacks are funded by network revenue as Pyth reports rising traction, with its Pyth Pro product surpassing $1M ARR in its first month. Source...