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Company #21Shares launched an exchange product (#ETF ) based on Sui $SUI with a leverage of 2x. This was reported by the Sui Foundation, which oversees the development of the eponymous blockchain. The project debuted on the exchange #Nasdaq under the ticker TXXS. It is a futures ETF, not a spot one. Its goal is to provide an investment result that corresponds to 200% of the daily price dynamics of SUI. The fund will invest not directly in the crypto asset but in derivative contracts. Thus, if the price of SUI increases, for example, by 1%, the price of ETF shares should increase by 2% and so on. The company positions the new product as an alternative to complex margin trading in the familiar structure of exchange-traded funds. The product is designed to provide investors with enhanced exposure to one of the most dynamic blockchains. #SUIupdate {future}(SUIUSDT)
Company #21Shares launched an exchange product (#ETF ) based on Sui $SUI with a leverage of 2x. This was reported by the Sui Foundation, which oversees the development of the eponymous blockchain.

The project debuted on the exchange #Nasdaq under the ticker TXXS. It is a futures ETF, not a spot one. Its goal is to provide an investment result that corresponds to 200% of the daily price dynamics of SUI.

The fund will invest not directly in the crypto asset but in derivative contracts. Thus, if the price of SUI increases, for example, by 1%, the price of ETF shares should increase by 2% and so on.

The company positions the new product as an alternative to complex margin trading in the familiar structure of exchange-traded funds. The product is designed to provide investors with enhanced exposure to one of the most dynamic blockchains.

#SUIupdate
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Bitcoin $BTC can again reach $98,000-$100,000 — experts say. According to analysts at Coindesk, BTC has the potential to move into the $98,000-$100,000 range in the near future. What supports the growth: - The BVIV volatility index has fallen to 48; - The DXY dollar index has resumed its decline; - BTC is trading in the "bullish zone"; - MACD indicates the necessary momentum. The $98,000-$100,000 level remains a key resistance and an important psychological barrier. However, if Bitcoin does not hold the current support, the growth scenario will be canceled. {future}(BTCUSDT)
Bitcoin $BTC can again reach $98,000-$100,000 — experts say. According to analysts at Coindesk, BTC has the potential to move into the $98,000-$100,000 range in the near future.

What supports the growth:
- The BVIV volatility index has fallen to 48;
- The DXY dollar index has resumed its decline;
- BTC is trading in the "bullish zone";
- MACD indicates the necessary momentum.

The $98,000-$100,000 level remains a key resistance and an important psychological barrier. However, if Bitcoin does not hold the current support, the growth scenario will be canceled.
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Founder of the cryptocurrency exchange #Binance Changpeng Zhao #CZ announced the launch of the prediction market Predict.fun on the BNB Chain blockchain $BNB . CZ stated that the service was developed by a former employee of Binance, and the investor was a venture firm #YziLabs (formerly Binance Labs). Predict.fun allows users to make predictions on events while simultaneously earning profits from locked assets for the entire duration that the bet remains open, Zhao noted. CoinDesk emphasized that currently, there are two markets available on the platform with a total betting volume of around $300,000. The total number of users exceeds 12,000. However, according to journalists, despite the initial activity #PredictFun it significantly lags behind trading volumes of platforms like Polymarket (over $3 billion), Kalshi (around $587 million), and Limitless (around $10.9 million).
Founder of the cryptocurrency exchange #Binance Changpeng Zhao #CZ announced the launch of the prediction market Predict.fun on the BNB Chain blockchain $BNB .

CZ stated that the service was developed by a former employee of Binance, and the investor was a venture firm #YziLabs (formerly Binance Labs). Predict.fun allows users to make predictions on events while simultaneously earning profits from locked assets for the entire duration that the bet remains open, Zhao noted.

CoinDesk emphasized that currently, there are two markets available on the platform with a total betting volume of around $300,000. The total number of users exceeds 12,000.

However, according to journalists, despite the initial activity #PredictFun it significantly lags behind trading volumes of platforms like Polymarket (over $3 billion), Kalshi (around $587 million), and Limitless (around $10.9 million).
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The company #SolanaMobile , division #SolanaLabs , announced the launch of the token $SKR in January 2026. The total supply will be 10 billion SKR, with 30% reserved for airdrop. SKR is positioned as the native token of the Solana Mobile ecosystem. It will be used for rewards, staking, and making governance decisions. SKR is also an important element of the network of validators, communities, and organizations in the Guardian Network. They support the integrity of the infrastructure, manage the dApps Store, the built-in application store in Solana Mobile smartphones, and verify the authenticity of devices. The first participant in this network will be Solana Mobile. In 2026, the list will be joined by #HeliusLabs , Double Zero, #Jito , Anza, and Triton One. SKR holders will be able to lock their tokens with a chosen member of the Guardians Network, receiving various bonuses and rewards. $SOL
The company #SolanaMobile , division #SolanaLabs , announced the launch of the token $SKR in January 2026. The total supply will be 10 billion SKR, with 30% reserved for airdrop.

SKR is positioned as the native token of the Solana Mobile ecosystem. It will be used for rewards, staking, and making governance decisions.

SKR is also an important element of the network of validators, communities, and organizations in the Guardian Network. They support the integrity of the infrastructure, manage the dApps Store, the built-in application store in Solana Mobile smartphones, and verify the authenticity of devices.

The first participant in this network will be Solana Mobile. In 2026, the list will be joined by #HeliusLabs , Double Zero, #Jito , Anza, and Triton One. SKR holders will be able to lock their tokens with a chosen member of the Guardians Network, receiving various bonuses and rewards.

$SOL
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The demand for high strike price options on Ethereum $ETH has sharply increased: the most popular contract at #Deribit is the call option with a price of $6500, for which the notional open interest exceeded $380 million. This is the highest value among all coin options on the exchange. Among other popular contracts are call options with strike prices of $4000, $5500, and $6000. The $6500 option reflects traders' bets that the price #Ethereum will exceed this level in the future, indicating a strong bullish sentiment, despite current market weakness. It is worth noting that November was one of the weakest months for the coin in years: according to market statistics, Ethereum dropped by 22.38%, marking its worst decline since 2018. However, at the beginning of December, the market somewhat stabilized — Ethereum managed to stay above the $3,000 level. Support for the second-largest cryptocurrency by market capitalization is expressed not only by options traders but also by major financial figures. Former BlackRock executive Joseph Chalom stated that Ethereum is "the infrastructure on which the future financial system will be built." {future}(ETHUSDT)
The demand for high strike price options on Ethereum $ETH has sharply increased: the most popular contract at #Deribit is the call option with a price of $6500, for which the notional open interest exceeded $380 million. This is the highest value among all coin options on the exchange.

Among other popular contracts are call options with strike prices of $4000, $5500, and $6000. The $6500 option reflects traders' bets that the price #Ethereum will exceed this level in the future, indicating a strong bullish sentiment, despite current market weakness.

It is worth noting that November was one of the weakest months for the coin in years: according to market statistics, Ethereum dropped by 22.38%, marking its worst decline since 2018. However, at the beginning of December, the market somewhat stabilized — Ethereum managed to stay above the $3,000 level.

Support for the second-largest cryptocurrency by market capitalization is expressed not only by options traders but also by major financial figures. Former BlackRock executive Joseph Chalom stated that Ethereum is "the infrastructure on which the future financial system will be built."
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Ethereum developers $ETH have officially activated the update #Fusaka on the main network as planned, confirming the launch of a key scaling element — #PeerDAS . The latter increases data throughput for rollups eightfold. The update also includes improvements to user experience through the use of the R1 curve and a pre-confirmation mechanism, as well as preparations for a future increase in the gas limit and optimization #L1 . Developers and community participants #Ethereum reported that they will continue to monitor the stability of the update over the next 24 hours. Ethereum co-founder Vitalik Buterin called PeerDAS an important breakthrough for the network. #ETHupdate {future}(ETHUSDT)
Ethereum developers $ETH have officially activated the update #Fusaka on the main network as planned, confirming the launch of a key scaling element — #PeerDAS . The latter increases data throughput for rollups eightfold.

The update also includes improvements to user experience through the use of the R1 curve and a pre-confirmation mechanism, as well as preparations for a future increase in the gas limit and optimization #L1 .

Developers and community participants #Ethereum reported that they will continue to monitor the stability of the update over the next 24 hours. Ethereum co-founder Vitalik Buterin called PeerDAS an important breakthrough for the network.
#ETHupdate
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The Cayman Islands are experiencing a rapid increase in demand for legal structures for #Web3 -projects: the number of registered funds has surged by 70% year-on-year and exceeded 1300 by the end of 2024, with over 400 new companies formed in 2025. Such structures are increasingly used as legal shells for decentralized autonomous organizations (#DAO ), as well as legal centers for managing the ecosystems of large Web3 projects. According to the association, at least 17 funds with treasuries exceeding $100 million have already been registered in the jurisdiction. DAOs are blockchain organizations that operate through smart contracts without centralized control. Communities make decisions by voting among token holders, and governance rules are predetermined by developers.
The Cayman Islands are experiencing a rapid increase in demand for legal structures for #Web3 -projects: the number of registered funds has surged by 70% year-on-year and exceeded 1300 by the end of 2024, with over 400 new companies formed in 2025.

Such structures are increasingly used as legal shells for decentralized autonomous organizations (#DAO ), as well as legal centers for managing the ecosystems of large Web3 projects.

According to the association, at least 17 funds with treasuries exceeding $100 million have already been registered in the jurisdiction.

DAOs are blockchain organizations that operate through smart contracts without centralized control. Communities make decisions by voting among token holders, and governance rules are predetermined by developers.
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A group of 10 large European banks has come together to issue a stablecoin pegged to the euro. It is expected to hit the market in the second half of 2026 and shake the dominance of the US dollar in this sector. Information about this consortium first appeared in September 2025. At that time, it included: Banca Sella, CaixaBank, Danske Bank, DekaBank, ING, KBC, Raiffeisen Bank International, SEB, and UniCredit. In a new release, BNP Paribas announced that it has joined the initiative. The participants have created a new company — Qivalis, registered in the Netherlands. The firm has reportedly already applied for a license to operate as a money transfer business (EMI). The company is headed by Jan-Oliver Sell, who previously served as the CEO of the German division of the cryptocurrency exchange Coinbase, and also worked at Binance. Former NatWest chairman Howard Davies will become the chairman of the board. #stablecoins #EURO #BankSignal
A group of 10 large European banks has come together to issue a stablecoin pegged to the euro. It is expected to hit the market in the second half of 2026 and shake the dominance of the US dollar in this sector.

Information about this consortium first appeared in September 2025. At that time, it included: Banca Sella, CaixaBank, Danske Bank, DekaBank, ING, KBC, Raiffeisen Bank International, SEB, and UniCredit.

In a new release, BNP Paribas announced that it has joined the initiative. The participants have created a new company — Qivalis, registered in the Netherlands. The firm has reportedly already applied for a license to operate as a money transfer business (EMI).

The company is headed by Jan-Oliver Sell, who previously served as the CEO of the German division of the cryptocurrency exchange Coinbase, and also worked at Binance. Former NatWest chairman Howard Davies will become the chairman of the board.

#stablecoins #EURO #BankSignal
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$BTC -Miners have found themselves in the most challenging environment since the inception of the first cryptocurrency: expected daily income has fallen below average total costs, and the payback periods for equipment are extending beyond the next halving. This was reported by The Block, referencing a report from BRN. This is occurring despite the fact that the end of quantitative tightening by the Federal Reserve has added $13.5 billion in liquidity to the banking infrastructure — however, the reaction of the cryptocurrency market has remained subdued. According to BRN, the potential earnings of miners per unit of hash rate have decreased from approximately $55 in Q3 to around $39.6 at the time of writing, according to Hashrate Index. This is significantly below the average total costs of $44 among large public miners, as noted by BRN research head Timothy Misir. {future}(BTCUSDT)
$BTC -Miners have found themselves in the most challenging environment since the inception of the first cryptocurrency: expected daily income has fallen below average total costs, and the payback periods for equipment are extending beyond the next halving. This was reported by The Block, referencing a report from BRN.

This is occurring despite the fact that the end of quantitative tightening by the Federal Reserve has added $13.5 billion in liquidity to the banking infrastructure — however, the reaction of the cryptocurrency market has remained subdued.

According to BRN, the potential earnings of miners per unit of hash rate have decreased from approximately $55 in Q3 to around $39.6 at the time of writing, according to Hashrate Index. This is significantly below the average total costs of $44 among large public miners, as noted by BRN research head Timothy Misir.
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The ratio of market buy and sell orders on exchanges reached 1.17 — the highest level since the beginning of 2023. This was reported by analysts from the platform #CryptoQuant . Experts noted that the figure compares the volume of market purchases with sales in the perpetual futures market. A value above 1 indicates an advantage of aggressive demand, and a sharp increase on December 2 demonstrates the strongest single-day tilt towards buyers in the last two years. According to analysts, such dynamics are characteristic of market expansion phases — when structural demand is increasing and liquidity is recovering. #BuyCryptoNow {future}(BTCUSDT) {future}(ETHUSDT)
The ratio of market buy and sell orders on exchanges reached 1.17 — the highest level since the beginning of 2023. This was reported by analysts from the platform #CryptoQuant .

Experts noted that the figure compares the volume of market purchases with sales in the perpetual futures market. A value above 1 indicates an advantage of aggressive demand, and a sharp increase on December 2 demonstrates the strongest single-day tilt towards buyers in the last two years.

According to analysts, such dynamics are characteristic of market expansion phases — when structural demand is increasing and liquidity is recovering.

#BuyCryptoNow
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The team #Amazon Web Services presented a new generation of AI chips #Trainium3 and revealed details about Trainium4, which will be able to work alongside graphics processors #NVIDIA . The company announced this at the AWS re:Invent 2025 conference. Trainium3 UltraServer became a key upgrade in the lineup. It received a chip manufactured using a three-nanometer process and an improved AWS network architecture. The system provides more than a fourfold increase in training speed and memory capacity compared to the previous generation. Thanks to this, it is suitable not only for training models but also for handling peak loads of AI applications. Developers emphasized that the improvements are aimed both at speeding up operations and reducing costs for customers. According to AWS, Trainium3 is already being used by Anthropic, Karakuri, SplashMusic, and Decart, which have recorded reductions in costs for deploying AI models.
The team #Amazon Web Services presented a new generation of AI chips #Trainium3 and revealed details about Trainium4, which will be able to work alongside graphics processors #NVIDIA . The company announced this at the AWS re:Invent 2025 conference.

Trainium3 UltraServer became a key upgrade in the lineup. It received a chip manufactured using a three-nanometer process and an improved AWS network architecture. The system provides more than a fourfold increase in training speed and memory capacity compared to the previous generation.

Thanks to this, it is suitable not only for training models but also for handling peak loads of AI applications.

Developers emphasized that the improvements are aimed both at speeding up operations and reducing costs for customers. According to AWS, Trainium3 is already being used by Anthropic, Karakuri, SplashMusic, and Decart, which have recorded reductions in costs for deploying AI models.
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Team #Uniswap Labs $UNI added a financial service #Revolut to the list of available solutions for deposits in the web application and wallet. Now users can buy cryptocurrencies using the balance or Revolut card directly in the Uniswap ecosystem. Uniswap noted that the Revolut audience has over 65 million users, and the service supports over ten fiat currencies. Additionally, through the neobank, users can purchase assets such as Ethereum $ETH and $USDC on the Ethereum network, $POL on the Polygon network, and other popular tokens. Currently, Revolut does not support the sale of cryptocurrency for fiat. However, this feature is expected in the future. To sell digital assets, other providers can be used in Uniswap applications. {future}(UNIUSDT) {future}(ETHUSDT) {future}(POLUSDT)
Team #Uniswap Labs $UNI added a financial service #Revolut to the list of available solutions for deposits in the web application and wallet. Now users can buy cryptocurrencies using the balance or Revolut card directly in the Uniswap ecosystem.

Uniswap noted that the Revolut audience has over 65 million users, and the service supports over ten fiat currencies. Additionally, through the neobank, users can purchase assets such as Ethereum $ETH and $USDC on the Ethereum network, $POL on the Polygon network, and other popular tokens.

Currently, Revolut does not support the sale of cryptocurrency for fiat. However, this feature is expected in the future. To sell digital assets, other providers can be used in Uniswap applications.

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«Fair value» $BTC is approximately $165,000 According to a model based on global liquidity, Bitcoin is trading at about a 47% discount to its ‘fair value’ — the model indicates a zone around $165,000 as the balancing level. In the opinion of the model's author, ‘it will no longer be possible to keep the price below this level for long.’ {future}(BTCUSDT)
«Fair value» $BTC is approximately $165,000

According to a model based on global liquidity, Bitcoin is trading at about a 47% discount to its ‘fair value’ — the model indicates a zone around $165,000 as the balancing level.

In the opinion of the model's author, ‘it will no longer be possible to keep the price below this level for long.’
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The cryptocurrency exchange #Kraken acquired the Backed Finance platform — an issuer of tokenized assets that provides access to shares and #ETF through digital tokens backed by real assets at a ratio of 1:1. This was stated in a comment to Bloomberg by the co-head of the exchange, Arjun Sethi. At the time of the announcement, Kraken was already offering a range of products #Backed , including tokens #xStocks — instruments for investing in over 60 stocks and exchange-traded funds. After the deal is completed, these assets will be integrated into the exchange platform. According to Kraken representatives, the acquisition of Backed Finance is part of a broader strategy for the development of the tokenization of assets. Bloomberg noted that the company holds the second position in the market for tokenized public stocks with a share of about 23%. Among Backed's products are xStocks tokens, which cover the most popular instruments of the traditional market, including stocks of technology giants and ETFs.
The cryptocurrency exchange #Kraken acquired the Backed Finance platform — an issuer of tokenized assets that provides access to shares and #ETF through digital tokens backed by real assets at a ratio of 1:1. This was stated in a comment to Bloomberg by the co-head of the exchange, Arjun Sethi.

At the time of the announcement, Kraken was already offering a range of products #Backed , including tokens #xStocks — instruments for investing in over 60 stocks and exchange-traded funds. After the deal is completed, these assets will be integrated into the exchange platform.

According to Kraken representatives, the acquisition of Backed Finance is part of a broader strategy for the development of the tokenization of assets.

Bloomberg noted that the company holds the second position in the market for tokenized public stocks with a share of about 23%. Among Backed's products are xStocks tokens, which cover the most popular instruments of the traditional market, including stocks of technology giants and ETFs.
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Bank of America (#BofA ) stated that clients of the Merrill, Bank of America Private Bank, and Merrill Edge divisions should consider including cryptocurrencies in their investment portfolios. The company officially recommends a share of 1% to 4%, depending on the investor's risk tolerance. According to him, the recommendation emphasizes 'regulated instruments, balanced distribution, and a clear understanding of opportunities and risks'. Starting January 5, 2026, the bank will begin covering four $BTC -#ETF : Bitwise Bitcoin ETF (#BITB ), Fidelity Wise Origin Bitcoin Fund (#FBTC ), Grayscale Bitcoin Mini Trust (BTC), and iShares Bitcoin Trust (IBIT) from BlackRock. He added that the lower limit of the range at 1% is more suitable for conservative investors, while the upper limit of 4% is for those willing to take on a higher level of risk. {future}(BTCUSDT)
Bank of America (#BofA ) stated that clients of the Merrill, Bank of America Private Bank, and Merrill Edge divisions should consider including cryptocurrencies in their investment portfolios. The company officially recommends a share of 1% to 4%, depending on the investor's risk tolerance.

According to him, the recommendation emphasizes 'regulated instruments, balanced distribution, and a clear understanding of opportunities and risks'.

Starting January 5, 2026, the bank will begin covering four $BTC -#ETF : Bitwise Bitcoin ETF (#BITB ), Fidelity Wise Origin Bitcoin Fund (#FBTC ), Grayscale Bitcoin Mini Trust (BTC), and iShares Bitcoin Trust (IBIT) from BlackRock.

He added that the lower limit of the range at 1% is more suitable for conservative investors, while the upper limit of 4% is for those willing to take on a higher level of risk.
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Company #IREN , which builds infrastructure for Bitcoin mining $BTC and data centers, announced its intention to raise up to $2 billion through a private placement of convertible bonds. This concerns the issuance of $1 billion in convertible bonds maturing in 2032 and $1 billion in bonds maturing in 2033, the company reported. Additionally, initial buyers may redeem up to $300 million in bonds of both series. This category of securities will be unsecured and interest-bearing, and investors will be able to convert them into common shares of IREN or demand cash redemption under certain conditions. The company will also have the option to redeem the bonds early if its stock price exceeds 130% of the conversion price. At the same time, IREN plans to conduct a stock issuance in the format of a registered direct offering to finance the buyback of part of the existing debt instruments — convertible bonds from 2029 and 2030. #BTCmining #datacenter
Company #IREN , which builds infrastructure for Bitcoin mining $BTC and data centers, announced its intention to raise up to $2 billion through a private placement of convertible bonds.

This concerns the issuance of $1 billion in convertible bonds maturing in 2032 and $1 billion in bonds maturing in 2033, the company reported. Additionally, initial buyers may redeem up to $300 million in bonds of both series.

This category of securities will be unsecured and interest-bearing, and investors will be able to convert them into common shares of IREN or demand cash redemption under certain conditions. The company will also have the option to redeem the bonds early if its stock price exceeds 130% of the conversion price.

At the same time, IREN plans to conduct a stock issuance in the format of a registered direct offering to finance the buyback of part of the existing debt instruments — convertible bonds from 2029 and 2030.

#BTCmining #datacenter
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One of the largest asset management companies #Vanguard will launch cryptocurrency trading #ETF and mutual investment funds on its platform. This was reported by #Bloomberg . New positions will be available starting Tuesday, December 2, 2025. This move is expected to open access to cryptocurrency products for about 50 million brokerage clients with total assets of over $11 trillion. Previously, Vanguard described cryptocurrency and related derivatives as too speculative for large portfolios. Even the new CEO of the company, Salim Ramji, opposed the listing, although he holds more liberal views on the industry compared to his predecessor, Tim Buckley.
One of the largest asset management companies #Vanguard will launch cryptocurrency trading #ETF and mutual investment funds on its platform. This was reported by #Bloomberg .

New positions will be available starting Tuesday, December 2, 2025. This move is expected to open access to cryptocurrency products for about 50 million brokerage clients with total assets of over $11 trillion.

Previously, Vanguard described cryptocurrency and related derivatives as too speculative for large portfolios. Even the new CEO of the company, Salim Ramji, opposed the listing, although he holds more liberal views on the industry compared to his predecessor, Tim Buckley.
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The prediction market #Kalshi has launched support for tokenized versions of event contracts, allowing users to buy and sell them on the Solana network $SOL . This is the company's step towards attracting crypto traders who actively operate in prediction markets and provide high trading volumes, experts believe. Tokenized bets fully replicate standard Kalshi contracts but are issued in the form of digital assets on the blockchain. This format allows users to trade anonymously and move contracts between wallets. This, in turn, brings the operating model closer to competitor #Polymarket , which is built directly on the blockchain. {future}(SOLUSDT)
The prediction market #Kalshi has launched support for tokenized versions of event contracts, allowing users to buy and sell them on the Solana network $SOL . This is the company's step towards attracting crypto traders who actively operate in prediction markets and provide high trading volumes, experts believe.

Tokenized bets fully replicate standard Kalshi contracts but are issued in the form of digital assets on the blockchain. This format allows users to trade anonymously and move contracts between wallets.

This, in turn, brings the operating model closer to competitor #Polymarket , which is built directly on the blockchain.
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The interest of retail investors in cryptocurrencies has noticeably decreased, analysts believe #Santiment . According to their observations, the number of discussions on popular topics that dominated the market throughout 2025 has sharply declined. This may be a sign of a potential market bottom approaching. In #CryptoQuant , it was stated that there is a record ratio of stablecoins to bitcoin at #Binance . According to experts, reserves on exchanges in bitcoin have fallen to historic lows. The ratio of the first cryptocurrency to stablecoins on the platform is 1.008 — the lowest level since 2018. This indicates that the structure of reserves is currently dominated by the 'buying power' in the form of stablecoins. #marketupdate
The interest of retail investors in cryptocurrencies has noticeably decreased, analysts believe #Santiment . According to their observations, the number of discussions on popular topics that dominated the market throughout 2025 has sharply declined. This may be a sign of a potential market bottom approaching.

In #CryptoQuant , it was stated that there is a record ratio of stablecoins to bitcoin at #Binance . According to experts, reserves on exchanges in bitcoin have fallen to historic lows. The ratio of the first cryptocurrency to stablecoins on the platform is 1.008 — the lowest level since 2018. This indicates that the structure of reserves is currently dominated by the 'buying power' in the form of stablecoins.
#marketupdate
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Senior Commodity Market Strategist #Bloomberg Intelligence Mike McGloon stated that Bitcoin could drop to $50,000. According to the expert, the cryptocurrency has proven to be "overvalued" compared to gold — the ratio $BTC / XAU as of December 1 is over 20x, while a fair valuation is around 13x. The analyst links the situation to the unstable dynamics of the stock market. In particular, he noted that the 120-day volatility of the S&P 500 index is decreasing to a minimum since 2017. This, he says, could signal a new decline in risk assets, among which Bitcoin traditionally reacts first to changes in sentiment. #BTCto50k #BTCfall {future}(BTCUSDT)
Senior Commodity Market Strategist #Bloomberg Intelligence Mike McGloon stated that Bitcoin could drop to $50,000. According to the expert, the cryptocurrency has proven to be "overvalued" compared to gold — the ratio $BTC / XAU as of December 1 is over 20x, while a fair valuation is around 13x.

The analyst links the situation to the unstable dynamics of the stock market. In particular, he noted that the 120-day volatility of the S&P 500 index is decreasing to a minimum since 2017. This, he says, could signal a new decline in risk assets, among which Bitcoin traditionally reacts first to changes in sentiment.

#BTCto50k #BTCfall
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