🍿 Mike Novogratz says Ripple and Cardano risk losing relevance unless they prove real utility. He argues the crypto market is shifting from “narrative tokens” to “business tokens” with measurable value and profit. He expects the structural transformation to take 1–3 years, during which wallets and exchanges could evolve into neobank‑like platforms.
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👮🇷🇺 #BTC An Ufa transport police officer was sentenced to seven years in prison for stealing BTC worth 20 million rubles, and will also have to pay compensation to the victim in the amount of 20 million rubles.
🗣 Galaxy Digital CEO Mike Novogratz warns XRP and ADA could become irrelevant unless they prove real utility. He argues the crypto market is shifting from 'narrative tokens' to 'business tokens' with measurable value and profit. He expects this structural shift to take 1-3 years, during which wallets and exchanges could evolve into neobank-like platforms.
🪙 BitMine, led by Tom Lee, has begun staking ETH for the first time. The market sees this as a signal of a long-term storage strategy rather than speculation. In effect, BitMine is becoming the "Strategy for Ethereum": the company already controls over 4% of the total ETH supply. Lee argues that Ethereum is entering a 10–15 year supercycle. If his forecast holds, the rise of asset tokenization and the entry of Wall Street could push ETH to about $7,000–$9,000 by early 2026.
🇮🇳 Coinbase has announced the arrest in India of a former employee from its support team. The CEO says hackers bribed support staff to access customer data. The incident shows that even large crypto platforms remain vulnerable to the human factor.
🖥 Bitmain has sharply cut prices on several ASIC miners as the mining market softens. With the network hashrate near a record high and Bitcoin’s price slipping, miner profitability has fallen, and demand for new equipment has weakened. As a result, manufacturers are rethinking pricing to keep sales moving.
🔍🐳 Whale transactions:
1) pension-usdt.eth — total profit over $25M after flipping from long to short. He went long ETH for a $278K profit, then entered a 3x short on 20,000 ETH (worth $58.44M).
2) 0xDDC4 — spent 1,086 ETH ($3.13M) to buy 20,375 AAVE. Since December 3, 2024, he has purchased 59,588 AAVE ($13.47M) at an average price of $226, currently with an unrealized loss of about $4.3M.
📊 Here are the top 10 projects by development activity.
👍 Ethereum TVL could rise 10x by 2026 as use cases expand and institutional investors enter the space, according to SharpLink CEO (via Cointelegraph). 🕵️♂️ SharpLink Gaming withdrew 35,627 ETH ($104.4 million) from Liquid Collective.
🤔 Bitmain, the largest ASIC manufacturer, has sharply cut prices on several generations of mining hardware amid widespread instability in the mining sector. Cointelegraph #mining
🎊 #ETH #RWA Tom Lee, co-founder and head of research at Fundstrat, says ETH could reach $7,000–$9,000 by early 2026 as Wall Street accelerates asset tokenization and moves financial activity onto the blockchain. Cointelegraph 🔍 Bitmine staked 74,880 ETH (~$219.2M) 5 hours ago.
🇮🇳👮♂️ Coinbase CEO says a former Coinbase support employee has been arrested in India in a case where hackers bribed support staff to access customer information, per Bloomberg.
🎯 TOP OF THE DAY — Friday, December 26
Official messages from Trust Wallet (read)
Trust Wallet will return the money (read)
▫️ USX reset to zero (read)
▫️ Ripple is a zombie company (read)
❕ Crypto-secured loans in Sberbank (read)
▫️ Economy on the brink of collapse (read)
▫️ Arthur Hayes' purchases (read)
▫️ BlackRock sells BTC and ETH (read)
▫️ Solana — plain and simple (read)
▫️ Bitcoin OG is in the red (read)
▫️ Arthur Hayes forecast (read)
▫️ Simonbanza success story (read)
▫️ CryptoQuant expects BTC growth (read)
▫️ BTC forecasts for 2026 (read)
💡 Bitcoin dip = a potential tax‑saving moment.
- While the S&P 500 keeps hitting new records, Bitcoin is down about 30% from its peak.
- American investors have sizable stock gains and owe taxes on them.
- Some are using BTC for tax-loss harvesting to offset those gains.
How it can work (illustrative):
- If your stocks rise by $10,000, you’d owe taxes on that gain.
- If you sell Bitcoin at a $10,000 loss, the loss can offset the gain, potentially lowering your tax bill.
- You can buy back Bitcoin immediately after selling, so your exposure stays intact.
Notes:
- This contrasts with stocks, where a wash-sale rule can require a waiting period to preserve the deduction. Since Bitcoin is treated as property, not a security, the same rule doesn’t apply (under current rules).
- Always verify current tax rules with a professional, as laws can change.
Today's market update 😊 #market #today
🎄 BTC Predictions for 2026
- Arthur Hayes (BitMEX): $500k–$750k
- Katie Wood (ARK Invest): $500k
- Tom Lee (Fundstrat): $250k
- Charles Hoskinson (Cardano): $250k
- Robert Kiyosaki: $250k
- Bernstein: $200k
- Fundstrat (company valuation): $200k–$250k
- Brad Garlinghouse (Ripple): $180k
- JPMorgan: $170k
- Standard Chartered: $150k
- Catherine Dowling (Bitcoin Standard Treasury Company): $150k
- Citi Research (base case): $143k
- Galaxy Research: $50k or $250k
- Jurjen Timmer (Fidelity): $65k–$75k
- Peter Brandt: ~$60k
- Mike McGlone (Bloomberg Intelligence): ~$10k
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