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Aptos Outperforms as Market Momentum Improves: Aptos gained remarkably, up about 4.5% to $1.63 approximately, and outperformed the broader cryptocurrency market. The move reflects growing interest and short-term buying activity, with traders responding well amid improving momentum across key digital assets. While the bigger conditions remain mixed, Aptos's relative strength was a highlight of renewed attention towards layer-1 protocols and could attract further participation if this trend continues into the end of the trading week. $APT #APT
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Gold-Backed Tokens Shine as Bitcoin Reclaims $90,000: Markets closed with a degree of cautious optimism as investors weighed up the fresh upside potential against other factors. Gold-backed tokens remained strong. Tether Gold and PAX Gold reached new record high levels as investors held on to traditional hedge instruments despite the rising price of spot gold. This development shows that despite the improvement in investor sentiment, protecting wealth remains important. Bitcoin rose to the levels of $90,000 due to a weak U.S. dollar and technology stocks performing well globally. Although it continues to show resilience, it continues to see modest institutional inflows. The latest inflows show that investors continue to be selective in their choices in risk assets. The derivatives market follows the same prudence. Bitcoin and ether volatility is still low, and open interest has dropped on the main exchanges as traders have refrained from using high leverage in the months of the year coming to a close. Holiday liquidity conditions remain conducive to non-breakout trades. In decentralized finance, the Curve DAO failed to pass a proposal to allocate more CRV funds for development, influenced by transparency issues. This decision exemplifies the trend of tightening governance standards in existing protocols. Nevertheless, the fact that bitcoin has come back to $90,000 is quite bullish, although the sentiment in the marketplace is quite disciplined. Defensive investments are still in favor, and there is little volatility. #BTCVSGOLD
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Hong Kong Moves to Unlock Insurance Capital for Crypto Investment: Hong Kong regulators have introduced regulations that would allow insurance companies to allocate part of their capital to invest in digital assets. This move would allow more institutional investments by tapping into more traditional, conservative pools for investments, which would open new avenues for capital flow into the digital asset space. Through the provision of appropriate frameworks that describe how insurance assets can be committed to these digital markets, this proposal seems to align with shifts in thought focused on providing a way for the conventional finance sectors to work with the novel offerings that use blockchain technology. Industry observers are eagerly following this proposal, among others that this might trigger. #PolicyUpdate
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Boxing Day Reset: $27B in Bitcoin and Ether Options Near Expiry: The crypto market is set for a big end-of-year refresh, with close to $27 billion worth of options for Bitcoin and Ether set to expire on Boxing Day. This is more than halfway through all open options, making this expiration one of the biggest events of this year. Positioning stands neutral-bear but is overall bullish since the number of call options is largely higher compared to puts. Important strike prices are largely above the current market levels. This shows that investors are targeting higher strike prices through early 2026. Barring the level of volatility, volatility expectations are relaxed compared to the previous year. Volatility has fallen dramatically, and holiday-driven limited market liquidity could keep trading tame compared to previous expiration cycles. Volatility trader flows could be a key driver of short-term price action in the lead-up to the new year. #markets
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