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This news about the National Bank of Canada (Canadian Bank) investing US$ 273 million in shares of MicroStrategy (MSTR) — which gives it indirect exposure to Bitcoin — has generated quite a stir.

📰 What is being reported — The National Bank of Canada's investment in MicroStrategy

According to several recent reports, the National Bank of Canada acquired

1.47 million shares of MicroStrategy
, for a total estimated value of
US$ 273 million
.

This operation would give the bank an indirect exposure to Bitcoin — since MicroStrategy's structural strategy is to buy and hold BTC on its balance sheet.

📰 What happened — the appointment of the new co-CEO

In December 2025, Binance announced that its co-founder Yi He was appointed
Co-CEO
alongside Richard Teng.
The announcement was made during the Binance Blockchain Week event in Dubai.

With this change, Binance adopts a

dual leadership

: Teng and Yi He will share the role of chief executive of the exchange.

In its official statement, Binance indicated that the decision responds to the global growth of the platform — with nearly 300 million users — and the need to manage expansion, product innovation, regulatory compliance, and global operations in a more balanced way.

📉 What happened to Aptos recently?

In the session of
December 5, 2025
, APT dropped about
6 % to ≈ US$ 1.85

, from previous levels close to US$ 1.98.

The drop was accompanied by a break of the critical support at

US$ 1.87

— a technical level that many analysts saw as an important floor.
The retracement was considered a “technical sell”: the selling pressure exceeded the demand, which accelerated the drop.
Moreover, the trading volume was below the recent average — suggesting that the drop did not have broad market support, rather it was driven by specific sellers or technical orders.

JPMorgan maintaining a target price of US$ 170,000 for Bitcoin despite the recent drop is real, and has quite a few implications.

📄 JPMorgan — its bet of US$ 170,000 for Bitcoin

JPMorgan reaffirmed its long-term valuation: according to its analysts, Bitcoin could reach around
US$ 170,000 in the next 6 to 12 months
.
This target price is based on a 'volatility-adjusted' model that compares Bitcoin to a traditional safe-haven asset like gold. By reducing the relative volatility of BTC versus gold, the bank estimates that the 'fair' or 'theoretical' value of BTC rises significantly.

The news about Woori Bank integrating Bitcoin prices in its main trading room is recent and can be quite significant for the relationship between crypto and traditional finance (TradFi).

📰 What happened: Woori Bank shows Bitcoin price in its trading room

On December 5, 2025, Woori Bank began displaying the price of Bitcoin in its main dealing room in Seoul — that is, the room where foreign exchange, bonds, derivatives, stocks, etc., are traded — alongside traditional indicators such as the won-dollar exchange rate, stock market, bonds, etc.

🔎 What do recent analyses say about the weakness of the dollar?

A key player warning about potential problems for the dollar is the investment bank Standard Chartered, which in May 2025 issued a forecast stating that the dollar "could face a significant drop in 2026." Among its reasons, it points out the increase in U.S. public debt, current account deficits, and a possible deterioration in foreign investors' confidence towards dollar-denominated assets.

📰 What happened: the investment round in OpenEden

OpenEden announced on
December 1, 2025
that it completed a strategic investment round in which, among others, Ripple, Anchorage Digital Ventures, Lightspeed Faction, Gate Ventures, FalconX, Flowdesk, P2 Ventures, Selini Capital, Kaia Foundation, and Sigma Capital participated.
The goal of the round is to accelerate the expansion of its “tokenization-as-a-service” platform — that is, infrastructure to issue, manage, and distribute

regulated tokenized assets

📈 What do we know so far: the inflow streak of XRP ETFs

XRP spot ETFs in the United States began trading in mid-November, with the first fund (XRPC, from Canary Capital) debuting on November 13.
Since then, the funds have recorded positive net capital inflows day after day — at least
13 consecutive sessions
.
As of the most recent date, data indicates that the accumulated inflows are around
US$ 874 – US$ 906 million

.

On December 1, for example, approximately

📰 What happened — the details of the purchase

American Bitcoin reported that it increased its treasury by
363 BTC additional
, bringing its total to
4,367 BTC

. This represents a recent investment of around US$ 34 million.

The purchase occurred during the market crash in November, when Bitcoin fell from recent highs (~US$ 126,000) to levels below US$ 85–90,000.

American Bitcoin combines Bitcoin mining with market open purchases (“market buys”) as part of its strategy to accumulate BTC as a reserve.

📰 What changed in EZPZ?

On December 1, 2025, Franklin Templeton announced that EZPZ stopped containing only Bitcoin (BTC) and Ethereum (ETH), and now includes a much broader portfolio of cryptocurrencies.
The new added cryptos are: XRP, Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Stellar Lumens (XLM), and Chainlink (LINK).
With this, EZPZ shifts from being a 'crypto-beta fund focused on BTC/ETH' to a more 'diversified' ETF, representing a broader portion of the cryptoasset market — which may attract investors looking for general exposure to the sector without having to choose individual tokens.

Although there is no 'firm official figure' publicly available that guarantees exactly how many jobs will be created or what the unemployment rate will be on December 5, 2025, there are consensus estimates based on surveys of analysts and private models.

🔎 What to expect for the upcoming U.S. employment report (Non-Farm Payrolls + unemployment rate)

According to a recent forecast compiled by a specialized media outlet, the
non-farm payroll (NFP) earnings
for December 2025 could be between

📰 What happened: Kraken buys Backed Finance

Kraken officially announced that it will acquire Backed Finance, the firm behind xStocks — a platform that issues tokens representing traditional listed stocks (and ETFs) in tokenized form.
The objective: to fully integrate the issuance, trading, and settlement of those tokenized assets within the Kraken ecosystem — not only to offer them as third parties but to manage them directly as part of Kraken.
xStocks already has

more than 60 tokenized stocks/ETFs

📰 What did the SEC say and what is the plan?

The SEC chairman, Paul Atkins, announced that the agency plans to formalize an 'innovation exemption' for crypto/digital assets.
According to its most recent statement, the regulation is projected to come into effect around
January 2026
.
Before that, the SEC intends to initiate the formal rulemaking process during the last quarter of 2025 or at the latest in the first quarter of 2026.

The goal of this exemption is to allow crypto companies, fintechs, and blockchain developers to build and launch new products (tokens, derivatives, DeFi platforms, etc.) with a clear regulatory framework and less legal risk than before.

🔍 What happened with Yearn / yETH?

On November 30, 2025, Yearn confirmed that its pool/contract "yETH LST stableswap" was exploited.
The vulnerability allowed an attacker to perform an "infinite mint" of yETH — that is: they created an practically unlimited amount of fake yETH tokens.
With those fake tokens, the attacker immediately exchanged them for real assets — mainly ETH and other staking-derived tokens — draining the liquidity of the "legacy" yETH pool in just a few minutes.

📰 What happened: the new crypto law in Turkmenistan

Turkmenistan has approved a law —called the “Law on Virtual Assets” — that legalizes cryptocurrency mining and the operation of exchanges/crypto-services in the country.
The law was signed by the president, Serdar Berdimuhamedov, and its entry into force is set for
January 1, 2026
.
With the law, activities such as
mining

,

exchange

,

custody

,

issuance or circulation of cryptoassets

are regulated under licenses and registration with authorities.

📰 What has happened with MicroStrategy / Strategy Inc. recently

The company announced that
it drastically cuts its earnings forecast for 2025
. Instead of a profit — initially projected at USD ~24.000 billion — it now anticipates that its results could vary widely, between a
loss of USD 5.500 billion

and a

profit of USD 6.300 billion

.

At the same time, the drop in the price of Bitcoin (BTC) strongly affected its expectations, given that its model depends on the appreciation of BTC (holdings on its balance sheet).

📰 What is happening with Vanguard

Vanguard announced that
starting tomorrow
clients of its brokerage platform will be able to buy and sell ETFs and mutual funds that primarily hold cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL).
This marks a historic shift in its policy: until now it has been one of the most reluctant managers to allow crypto exposure in conventional portfolios.
Vanguard will continue

without launching its own crypto funds

: simply allowing its clients to access, through its platform, ETFs/crypto funds managed by third parties that comply with regulations.

📰 What happened — what the news is about

Amundi — one of the largest asset managers in Europe — launched a class of tokenized shares of its euro money market fund (“Amundi Funds Cash EUR”) on Ethereum.
This tokenized version coexists with the traditional class of the fund: the fund does not change its strategy (it continues to invest in short-term sovereign debt, repos, etc.), it only changes the “platform”: investors can hold their shares as tokens on the blockchain.

🔻 What happened: drop to the level of US$ 86,000 and immediate effects

According to public data, Bitcoin has fallen in the last 24 hours between a
5 % and 6 %
, dropping from around US$ 91,000–92,000 to below US$ 86,000.
This drop dragged down the crypto market in general: other major coins also recorded losses, and many stocks linked to crypto/technology are retreating.

The decline has reduced the total market capitalization by tens (or even hundreds) of billions of dollars: some reports mention global losses of up to ~US$ 140 billion.

📰 What did the United Kingdom announce regarding DeFi taxation?

In November 2025, HMRC proposed a new tax framework for crypto — especially for DeFi operations — based on an approach called
'no gain, no loss' (NGNL)
.
Under this proposal, activities such as depositing crypto on lending platforms, contributing to liquidity pools, or moving cryptocurrencies within certain protocols
would not be considered 'disposal'