Author: Kryptonews

Key takeaways:Strong demand for US Treasurys and lower odds of a Fed rate cut indicate that investors are shifting toward safer assets, reducing interest in Bitcoin.Economic weakness in Japan and softer US job data add pressure to Bitcoin, limiting its use as a hedge in the near term.Bitcoin (BTC) has repeatedly failed to hold above the $92,000 level over the past month, prompting market participants to develop multiple explanations for the price weakness. While some traders point to outright market manipulation, others attribute the decline to rising concerns around the artificial intelligence sector, despite the absence of concrete evidence to…

DOT$1.8341 was unchanged over the last 24 hours, with the token trading at $1.85.The token’s trading volume was 55% above 30-day averages, as smart money flows into DOT accelerated during the session, according to CoinDesk Research’s technical analysis model.DOT tracked broader crypto momentum rather than token-specific catalysts. The broader market gauge, the CoinDesk 20 index, was also unchanged over 24 hours.The model showed that institutional buyers absorbed supply at higher prices. This pattern typically precedes sustained rallies when smart money accumulates ahead of retail participation.Technical AnalysisSolid support base at $1.72-$1.74 zone backed by heavy volume$1.86 resistance caps upside with multiple…

Keonne Rodriguez, who pleaded guilty to one felony count related to his role at Samourai Wallet, is calling on US President Donald Trump to pardon him, citing similar language that has been successful in previous pardon applications.In a Thursday X post, Rodriguez said he would report to prison on Friday, where he will serve a five-year sentence for operating an illegal money transmitter. The Samourai co-founder claimed there were no “victims” to his crime, and blamed his incarceration on “lawfare perpetrated by a weaponized Biden DOJ.” In a message tagging Trump, Rodriguez expressed hope that the US president would issue a…

While many crypto traders are still waiting for the next altcoin season to begin, BitMEX co-founder Arthur Hayes said it’s been underway all along.“There is always an altcoin season happening… and [if you’re] always saying altcoin season isn’t there, [it’s] because you didn’t own what went up,” Hayes said during a podcast interview published to YouTube on Thursday.Hayes said many traders are still expecting altcoin season to play out the same way it did in previous years, assuming the same cryptocurrencies and narratives will repeat. “You wanted it to be like last altcoin season, because then you felt like you…

Coinbase’s announcement of a new partnership with Kalshi to enter prediction markets was made just a day before the lawsuits were filed. Coinbase has filed lawsuits against Illinois, Michigan, and Connecticut, while challenging state efforts to regulate prediction markets and asking federal courts to clarify who has oversight authority. In its filings, the crypto exchange is seeking declaratory and injunctive relief, arguing that prediction markets fall under the exclusive jurisdiction of the Commodity Futures Trading Commission (CFTC) rather than state gaming regulators. Who Controls Prediction Markets? The company stated that federal law already assigns regulatory authority for these products…

Solana-based AI token Ava, known by its ticker AVA, has plunged more than 96% from its peak after new on-chain analysis raised questions about how the token’s supply was distributed at launch and whether insiders coordinated early purchases.The latest findings come from blockchain analytics firm Bubblemaps, which published an analysis on X showing that around 40% of AVA’s total supply was accumulated at launch by a cluster of wallets linked to the token’s deployer. Remember $AVA?40% bundled at launch, linked to the deployerYour AI girlfriend took all your money pic.twitter.com/31uMnlglfi— Bubblemaps (@bubblemaps) December 18, 2025 Wallet Clustering Points to AVA…

DraftKings is expanding beyond sports betting into the realm of prediction markets, laying the groundwork for future crypto-linked contracts as regulated event trading gains momentum in the United States.As Bloomberg reported, the company announced on Friday that it has launched the DraftKings Predictions app, which allows users to trade contracts on sports and financial outcomes. At launch, the app is available in 38 states, with sports-related trading permitted in 17 of them.DraftKings ultimately plans to expand its prediction market offerings beyond sports and finance to include contracts linked to crypto, entertainment and cultural events, according to Bloomberg.DraftKings’ push into prediction…

In a move that prompted immediate questions about its legality, the board of trustees of the John F. Kennedy Center for the Performing Arts in Washington, D.C., voted on Thursday to add President Donald Trump’s name to an institution he has roiled since taking office in January. The move, following a year-long fascination with a center that has not been a top-of-mind priority for other presidents in the way that it has been for Trump, was met with disapproval from members of Kennedy’s family and legal experts who say it goes against a stipulation put in place after Congress renamed…

Key Takeaways Senator Cynthia Lummis will not be seeking re-election next year; she will retire when her term ends in 2027. Her final focus in Congress is advancing crypto market structure legislation. Share this article Senator Cynthia Lummis, who made history as the first chair of the Senate Banking Subcommittee on Digital Assets, said she will retire from public service at the end of her term on January 3, 2027, making crypto market structure legislation her final legacy in Congress.Lummis announced her decision Friday and explained that it was driven by exhaustion, saying she did not feel she had the…

Stablecoins could process more transaction volume than the US Automated Clearing House system in 2026, as regulatory clarity and rising adoption expand their usage, according to a new forecast. Galaxy Research, the research arm of digital asset company Galaxy Digital, pointed to existing transaction data and regulatory developments to support its prediction, noting that “stablecoin transactions already eclipse major credit card networks such as Visa and now process roughly half the transaction volume of the automated clearing house (ACH) system.”Thad Pinakiewicz, vice president of research, said stablecoin supply has continued to grow at a 30%–40% compound annual growth rate, with…