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⏰12/15 - 12/21 | This Week's Top Events: What Did You Miss?
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Market Weekend Recap Here's a quick look at the key headlines from this weekend 👇 #CryptoMarket #cryptotrading
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Hello☕ CoinRank Afternoon Brew! Prediction markets show Kevin Hassett leading the race for the next Fed Chair, with odds rising to 54% on Polymarket and 51% on Kalshi, placing him significantly ahead of rivals Warsh and Waller. A crypto whale, who previously purchased 581,000 HYPE ($14.4M) between July and October, has accumulated another 490,000 HYPE ($12.1M) over the last 14 days, likely attempting to average down their investment cost. For the week ending December 18, Circle reported a net decrease in circulation of about 1.3 billion USDC, issuing 4.7 billion while redeeming 6 billion, bringing the total supply to 77.2 billion. According to data cited by Cointelegraph, there are currently only 1,035,659.4 Bitcoin left to be mined globally. Arthur Hayes announced a strategy shift from ETH to "high-quality DeFi stocks," predicting they will outperform as fiat liquidity improves, a move following his recent transfer of 1,188 ETH to exchanges and market makers. #CoinRank
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Coinbase: Trump's tax bill could drive gamblers to prediction markets Coinbase's 2026 outlook highlights that the "One Big Beautiful Bill Act" (signed July 2025) will limit gambling loss deductions starting in 2026, potentially taxing bettors on "phantom" income even if they suffer net losses. The exchange predicts this change could make prediction markets—which utilize financial derivatives rather than traditional gambling structures—a more tax-advantageous alternative to casinos and sportsbooks. #coinbase #PredictionMarkets #CoinRank
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Blockchain Association opposes expanding stablecoin yield ban to third parties The Blockchain Association, backed by 125+ industry groups, sent a letter to the US Senate Banking Committee opposing the expansion of the stablecoin yield prohibition to third-party platforms, calling it anti-competitive. While the "GENIUS" regulatory framework bans issuers from paying yield, the letter argues that extending this ban to crypto platforms—similar to credit card rewards—would stifle innovation and increase market concentration. #stablecoin #Regulation #CoinRank
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GM ✅ CoinRank Early Briefing! According to DownDetector, massive user reports indicate issues with YouTube services, with over 3,400 outage reports logged by 8:08 AM ET. Swift announced it is partnering with over 30 global banks to advance a blockchain-based ledger system designed to support scalable tokenized asset circulation, aiming to solve fragmentation in digital finance. Stablecoin infrastructure startup Nodu completed a $1.45 million Pre-Seed financing round led by Digital Space Ventures to build a MiCA-compliant stablecoin alternative for European institutions. Federal Reserve official Williams stated that he believes interest rates will eventually decline, suggesting a long-term outlook for monetary easing. Bubblemaps revealed that Solana AI token AVA faced launch sniping, where 23 wallets linked to the deployer captured 40% of the supply, causing the token to subsequently crash 96% from its peak. #CoinRank #GM
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