MUHAMMAD ARMAN HOSSAIN

$BTC $ETH $XRP
📉 Market Downturn:
Bitcoin fell below $86,000, hitting new local lows as risk appetite weakens and macro uncertainty rises. Ethereum and XRP also moved lower, dragging altcoins with broader market sell offs. Some analysts attribute the slide to thin liquidity approaching year end and profit taking. Retail & institutional markets reeling Crypto stocks and related equities also fell alongside price declines in BTC, ETH, and XRP. A few traders describe the downturn as fueled by pure market manipulation though this view is contested.
🏙️ Major Institutional & Industry Moves:
📈 HashKey Exchange IPO in Hong Kong:
Hong Kong’s licensed crypto exchange HashKey is raising about US$206M in an IPO, aiming to begin trading Dec 17.
🏦 JPMorgan enters tokenized funds space:
JPMorgan rolled out a new tokenized money market fund on Ethereum despite prior CEO skepticism of crypto targeting high net worth investors.
⚠️ Fraud & Security Alerts:
📌 Crypto scam arrest in the U.S.:
A 23 year old has been charged in a $15M Coinbase impersonation scam, allegedly stealing seed phrases from victims.
🌍 Market Data Snapshot:
Overall crypto market cap down notably over the last 24 hours. Bitcoin dominance remains over 55%, with trading volumes mixed as markets recalibrate.