Crypto Newsletter

• Kalshi launches a perpetual future on its US 500 stock index

• US moves $103M in BTC and BNB

• Seelig cites cryptos as ‘digital commodities’

• Seelig outlines opt-in framework for CEXs

• 51% institutions expect crypto boom: State Street

• BTC historically +25-92% a year after midterms

• Ripple Prime expands services for Brevan Howard funds

• BTC volatility falls to 44% from 66%: Bitwise

• Capital rotating back to crypto from AI: Raoul PaI

• Ledger launched Bitcoin-backed loans inside its wallet app letting users borrow USDC or USDT without selling their coins; every action gets physically approved on the hardware device, and it runs on Morpho, the same lender behind Coinbase's version

• Standard plans stock-pool liquidity on Robinhood Chain

• Ethena to power the planned ether.fi USD stablecoin

• Robinhood adds $25M BTC to balance sheet

• Circle’s USDC Bridge adds Solana support

• Ethereum costs to fall further in 2 years: Vitalik

• Crypto spot volume up +20% in Sep

• Ethereum Glamsterdam upgrade live on Sepolia

• Winklevoss Group files for spot Zcash ETF

• Arbitrum joined Paxos’s Global Dollar Network so it can earn a cut of the interest on stablecoins sitting on its network

• OKX says its strategic investment values it at $25B pre-money

• Paxos USDG goes live on Arbitrum One

AI & Tech

• Mistral AI releases massive 'Le Chonk' model

• Pudgy Penguins’ Ethereum network Abstract is shutting down December 15 after its parent company lost tens of millions funding it; roughly $47 million still sits on the chain and anyone who doesn’t move their money loses access to it

• AI startup Lambda raising $4B ahead of IPO

• Hyperscaler capex to hit $5.5T in 2026-29: UBS

• Pump led onchain protocols in revenue with $2.74M; Hyperliquid was next with $1.92M and StonkFun at $428k

• Apple partners with LG on home devices

• Robinhood put about $25 million of Bitcoin on its balance sheet

• DeepSeek considers doubling funding to $14.9B

• HubSpot cuts 7% of staff, denies AI is the cause

All the best!

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