This week in cryptocurrency markets and industry developments was marked by market stress, corporate investments, hardware-wallet security, and regulatory scrutiny. Bitcoin experienced a significant sell-off, while major institutions and companies announced strategic portfolio updates and security measures.
Bitcoin Price Declines Amid Liquidations
Bitcoin's price fell below $68,000, plunging to a nearly three-month low of $67,500 and extending its November losses past 11%. The downward movement coincided with broader crypto liquidations totaling $1.6 billion across the market.
Corporate Investments and Security Updates
Tether has established an estimated $4.8 billion U.S. stock portfolio spanning 13 companies, according to a review of SEC filings. Additionally, Tether cleared an audit by KPMG that included an inspection of gold bars valued at $2.24 billion.
In hardware wallet security, Trezor reported the discovery of spy implants in three tampered Safe 5 wallets. In response, the company reduced its authorized resellers by approximately 80% and released a firmware update designed to block the identified implants.
Tokenization Expansion and Political Departures
The Depository Trust & Clearing Corporation (DTCC) announced plans to expand its tokenization service to the Solana network in 2027, broadening the reach of the custody infrastructure provider.
Meanwhile, Donald Trump Jr. stepped down from his advisory role at the prediction market platform Kalshi. The departure follows his firm's investment in a rival platform, Polymarket, and comes as political scrutiny regarding the family's cryptocurrency ties increases.
