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ANURAAG BHEDA
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LATEST: ⚡ Bitcoin's hashrate dropped by around 10% in a single day as roughly 400,000 miners went offline in China's Xinjiang region, according to former Canaan co-chairman Jianping Kong — the steepest decline since the April 2024 halving.
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ANURAAG BHEDA
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$BTC Over the last two months, the broader bitcoin market has bled to semi-surprising lows and it seems like fear has crept into the forefront of market sentiment. But Strategy’s Michael Saylor, in true Saylor fashion, just put his head down and bought more bitcoin. Over the past two weeks, Strategy has spent nearly $2 billion just on Bitcoin. Strategy has steadily expanded their Bitcoin treasury over the years, now holding 671,268 BTC — equivalent to 3.2% of all Bitcoin ever expected to exist, the company says. The firm’s average purchase price for its holdings sits at roughly $75,000 per BTC, with a total acquisition cost of $50 billion and a current Bitcoin net asset value of $60 billion. Strategy has added Bitcoin in every quarter since Q3 2020, totaling 90 separate acquisitions.
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$BTC LATEST:  Bitcoin will see a base-case price of $1.4 million by 2035, according to CF Benchmarks, which used traditional capital market models to project BTC at $637,000 in the bear case and nearly $2.95 million in the bull case.
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$BTC Bitcoin data proves 60% of top US banks are quietly activating a strategy they publicly denied for years With 60% of top US banks embracing Bitcoin, the asset's path to becoming a conventional financial product is clear. According to data from River, nearly 60% of the country’s 25 largest banks are now somewhere on the path to selling, safekeeping, or advising on Bitcoin directly. Spot ETF approvals dominated the headlines of 2024. The story of 2025 is quieter: crypto is moving from fringe allocation to routine line item inside mainstream wealth and custody workflows. If current timelines hold, 2026 is shaping up as the first year Bitcoin looks like a standard product rather than an exception.
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$SOL JPMorgan recently issued $50 million in US commercial paper for Galaxy Digital on Solana, with Coinbase and Franklin Templeton as buyers. The bank created an on-chain USCP token, settling both issuance and redemption cash flows in USDC rather than bank wires. Both issuance and servicing of the deal ran entirely on blockchain rails. As a template, JPMorgan intends to extend to more issuers, investors, and security types in 2026. The announcement follows a pattern. Institutional on-chain issuance headlines recur every few months, such as Siemens' €300 million digital bond, Goldman Sachs and BNY Mellon's tokenized money market funds, and BlackRock's BUIDL crossing $2.85 billion for the first time.
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$BTC Bitcoin treasury company Strategy (formerly MicroStrategy) acquired more than 10,000 BTC for the second week in a row, adding another 10,645 BTC to its treasury for approximately $980.3 million at an average price of $92,098 per bitcoin between Dec. 8 and Dec. 14, according to an 8-K filing with the Securities and Exchange Commission on Monday. Strategy now holds a total of 671,268 BTC — worth around $60 billion — bought at an average price of $74,972 per bitcoin for a total cost of around $50.3 billion, including fees and expenses, according to the company's co-founder and executive chairman, Michael Saylor. To put that in perspective, the haul represents more than 3% of Bitcoin's total 21 million supply and implies around $9.7 billion of paper gains at current prices.
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Significant TON Transfers to Elector Contract Identified
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