Cryptopolitan

The Himalayan monarchical government has launched a gold-backed digital token through its Gelephu Mindfulness City, as announced in an email statement shared with Cryptopolitan on Thursday.

Gelephu Mindfulness City, the recently established Bhutan Special Administrative Region, has released a token named TER on the Solana blockchain. According to the Kingdom’s press statement, each TER token represents an equivalent amount of physical gold held in custody, which investors can purchase as a blockchain-based version of the precious metal.

Distribution and custody of the new token will be handled by Bhutan’s first licensed digital financial institution, DK Bank, the primary on-ramp for investors during the project’s initial phase. 

In a statement included in the release, Bhutan said the token was created to give international investors a modern, accessible means of holding gold, while still benefiting from the global transferability on the blockchain network Solana. 

The Solana Foundation is honored that Gelephu Mindfulness City has chosen Solana as the blockchain infrastructure for TER… This collaboration shows how forward-looking nations can use Solana’s technology to bring high-quality, asset-backed digital products to a global audience while staying true to their cultural values and regulatory standards.

President of the Solana Foundation Lily Liu.

Gelephu Mindfulness City launches digital gold

The launch of a tokenized version of gold reiterates Bhutan’s vision for Gelephu Mindfulness City, which the government hopes will attract global capital from crypto firms. The special administrative region has a distinct regulatory flexibility from the broader kingdom’s jurisdiction, much like how China uses Hong Kong as a crypto sandbox.

Matrixdock, a digital asset financial services platform, will provide the tokenization framework under a Financial Services Licence granted by the Gelephu Mindfulness City Authority in September. 

We are demonstrating how a crypto-friendly city can welcome responsible innovation while staying rooted in Bhutan’s values of transparency, sustainability, and long-term stewardship.

Jigdrel Singay, a member of the Gelephu Mindfulness City board.

The launch of TER adds to Bhutan’s digital asset ambitions of Bitcoin treasuries and crypto mining. According to data from the crypto analytics firm Arkham, the Royal Kingdom holds Bitcoins worth $540 million, approximately 15% of its nominal projected gross domestic product in 2025.

Bhutan did not accumulate its digital holdings through asset seizures or major market purchases like the West, but the kingdom began building large-scale mining operations in 2020 using its abundant hydropower resources. 

“For Bhutan, it was quite obvious in a lot of ways,” said Ujjwal Deep Dahal, chief executive of the sovereign wealth fund Druk Holding and Investments, which oversaw the mining program. “We kind of look at bitcoin as a store of value, similar to gold.”

Still, the country’s embrace of digital assets hasn’t been enough to revive the numbers its tourism-dependent economy was raising. Tourism in Bhutan was heavily affected by the pandemic, and according to the Wall Street Journal, around 10% of its population has left the country over the past 5 years to seek better wages abroad. 

“We are poor. Many people refer to Bhutan and Bhutanese as the happiest country in the world. We are not,” Former prime minister Dr. Lotay Tshering told WSJ.

About 70% of Bhutan’s roughly 38,000-square-kilometre territory is blanketed by forest, a level of protection safeguarded by the constitution, which mandates that national forest cover must never fall below 60%. 

The country’s new Gelephu Mindfulness City is a 4,000-square-kilometre special zone being constructed along the southern border, more than five times the size of Singapore.

Regional momentum builds on Kyrgyzstan’s Gold backed USDKG

Just days before Bhutan unveiled TER, Cryptopolitan reported that the Kyrgyz Republic launched a gold-backed stablecoin pegged 1:1 to the greenback named USDKG, one of Central Asia’s first state-supervised digital token programs.

The issuer, OJSC Virtual Asset Issuer, operates under the Ministry of Finance and within the framework of Kyrgyzstan’s 2022 Law on Virtual Assets. USDKG has an initial supply of $50 million worth of tokens, and physical gold reserves fully back each unit. 

The December 1 launch ceremony in Bishkek was attended by President Sadyr Japarov, Finance Minister Almaz Baketaev, and Biibolot Mamytov, the CEO of the project’s operator, Gold Dollar. The dignitaries pressed a symbolic “Launch Issuance” button to activate USDKG’s circulation.

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Pi Network will incorporate artificial intelligence (AI) into its Standard Know Your Customer process. The same technology has already been tested in its Fast Track KYC system, launched in September. 

According to a blog post from the development team, Pi will use AI in KYC to accelerate identity verification and clear migration bottlenecks for millions of users preparing for the Mainnet.

The Standard KYC mechanism is the most used gateway for Pioneers to move their accounts to Mainnet, so the Pi Core Team is tapping AI to help the system process applications to reduce the queue of KYC submissions awaiting human review by half.

Standard KYC to use Fast Track KYC AI eligibility system

Under the Standard KYC model, anyone joining the network needed at least 30 mining sessions before submitting a Standard KYC application. September’s Fast Track KYC debut removed that barrier for early identity verification for users with fewer than 30 mining sessions, even for individuals who were not yet active Pioneers. 

Integrating more AI into the Standard KYC process has multiple benefits. Learn more https://t.co/IVpGUe3BlJ pic.twitter.com/RRSwtIleP8

— Pi Network (@PiCoreTeam) December 10, 2025

Pioneers who qualify see the option directly in the Pi Wallet app, and once approved, they can activate their Mainnet wallet. After several months of observation, Pi Network has decided to merge the underlying AI technology from Fast Track KYC into the larger Standard KYC workflow for migration.

Per the project’s developers, AI improves system capacity by helping resolve shortages of validators in certain regions, which had slowed migration in markets with fewer participants able to process data. 

It also reduces the load placed on human validators and lowers the amount of information shown to them. Sensitive data had already been redacted before this update, and the new process shows even less but accurate information.

“Since the AI reviews are purposefully set to be very conservative to prevent false positives, any unsure cases are still further routed to human validators for further verification and determination, and for reducing the AI’s false negatives, or cases that should be passed but were rejected by AI,” the team wrote in a blog post.

Human validators will still be involved in reviewing complex or uncertain cases, but automated reviews could free a pool of people for new services within the ecosystem, such as human feedback for AI models and its training.

Pi network schedules rewards for validators

In their latest blog page, the Pi team mentioned the distribution of rewards for the validator community is ongoing, with the first payment cycle requiring a detailed audit and assessment from task data generated since 2021. 

Engineers are processing hundreds of millions of validation tasks conducted during different stages of the system’s development, including beta periods, testing phases, bootstrapping phases and the current scaled environment. They also must account for discrepancies based on task type, quality and outcome.

Developers say the validator reward program will have a fair distribution model that respects differences in work volume and quality. Validators must build an architecture capable of delivering rewards to Pioneers and supporting future cycles, and the distribution system will go live by the end of the first quarter of 2026.

The project is asking around three million people with Tentatively KYC’d statuses to submit required liveness checks in the app. 17.5 million Pioneers have fully passed KYC, while 15.7 million have migrated to Mainnet. 

PI price tanks 4.8% in 24 hours

The PI token recently fell below its 30-day simple moving average of $0.232 and is now approaching a double-top neckline at $0.204. In the last 24 hours, the coin has shed almost 5% of its value, taking the total weekly losses to 10.71%.

Pi Network’s parent company, SocialChain Inc., is facing a lawsuit from Arizona resident Harro Moen filed in the US District Court for the Northern District of California in late October, set for a hearing on December 23.

Moen is suing SocialChain for an unauthorized transfer of roughly 5,137 Pi tokens from his wallet. The plaintiff further claims he incurred financial losses from the “collapse in token value,” saying that when PI dropped from its “real value” of $307.49 to $1.67, he lost nearly $2 million.

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 Tether introduced QVAC Health, a privacy-focused wellness platform that unifies dietary, fitness, and biometric data typically dispersed across closed ecosystems and incompatible apps. Tether aims to provide customers with complete control over their own health insights, eliminating the need for third-party servers by combining data into an encrypted, offline-capable center powered by on-device AI.

Tether stated that QVAC Health enables users to combine biometric information, exercise logs, dietary tracking, and medication reminders from multiple sources into a single, encrypted, and offline-capable dashboard. The platform serves as a sovereign link between disparate tech ecosystems.

QVAC Health consolidates personal wellness data securely

According to Tether, QVAC Health aggregates data into a single, encrypted, and offline-capable environment. The aggregate data allows people to see the whole picture of their health without relinquishing control to cloud platforms or device manufacturers.

The tech firm mentioned that users’ health information is often scattered across proprietary clouds and incompatible apps. Tether emphasized that data from a running watch, a smart ring, and a nutrition tracker interact meaningfully without going via third-party servers that collect and profit from that data.

“QVAC Health aggregates your digital life, from sleep trackers to heart rate monitors, into one cohesive timeline. We are breaking down the walls between Big Tech ecosystems so you can own the full picture of your health.”

–Paolo Ardoino, CEO of Tether.

The QVAC Health creator stated that it is designed to function as the primary operating system for personal wellness. The tech firm added that the wellness platform consolidates information from various sources under the user’s rigorous supervision.

Tether revealed that the foundation of QVAC Health is based on a sophisticated interface built for speed, simplicity, and depth. According to the stablecoin operator, the wellness platform moves beyond basic data display to enable users to interact with their health data in plain language.

The tech firm stated that users can record their meals, biomarkers, workouts, and symptoms by basically typing or speaking. According to Tether, the AI analyzes the context and automatically arranges it on the user’s timeline. The system also features strong medication tracking, enabling users to record intakes and create privacy-preserving reminders.

Tether revealed that the QVAC Health turns the users’ devices into a private hub. The firm further stated that Peer-to-peer (P2P) downloads of all AI models enable sophisticated strain, recovery, and trend analysis even without internet connectivity.

Tether expands AI tools for on-device AI

Tether announced that it is expanding the potential of QVAC Health to evade institutional regulation further. The QVAC Health creator mentioned that it will introduce the Proactive AI advice in the upcoming updates. According to the firm, through Proactive AI advice, on-device models will make recommendations based on real-time data inference, such as recuperation procedures without the user’s context ever leaving the phone.

Additionally, the plan calls for Direct Bluetooth Low Energy (BLE) connectivity, which would eventually enable QVAC Health to read raw sensor data directly from select wearables. According to Tether, the BLE would allow the wellness platform to bypass cloud and manufacturer APIs entirely.

The introduction of QVAC Health is part of Tether Data’s broader initiative to develop device-level technologies that protect privacy. Tether has also unveiled a new on-device AI architecture to further its decentralized goal.

On December 2, Tether announced the release of QVAC Fabric LLM, a new, all-inclusive LLM inference runtime and fine-tuning framework. According to Tether, QVAC Fabric LLM enables the direct execution, training, and customization of massive language models on standard hardware, including laptops, smartphones, and consumer GPUs. 

The tech firm claimed that LLM operation, which formerly depended on high-end cloud infrastructure or dedicated NVIDIA systems, can now be executed directly on everyday hardware.

Tether stated that QVAC Fabric LLM supports full LLM inference, LoRa, and instruction tuning in desktop, server, and mobile settings, allowing for private and independent AI development. Additionally, QVAC Fabric LLM provides fine-tuning support for contemporary models, such as LLama3, Qwen3, and Gemma3, thereby extending the potential of the Llama.cpp ecosystem.

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A16z crypto, a venture fund of Silicon Valley giant Andreessen Horowitz that invests in cryptocurrency startups, has announced its intention to expand its reach in Asia with a new office in Seoul. Following the completion of this office, the venture capital fund mentioned that it will hire Sungmo Park to lead operations there.

This move prompted reports to reach out to A16z crypto for comment on the topic of discussion. When asked why it has chosen to expand its presence in Asia, particularly Seoul, the Andreessen Horowitz unit shared a blog post noting that South Korea has secured the top position as the second-largest crypto market worldwide.

A16z crypto also unveiled that the new office seeks to partner with founders by establishing collaborations, improving distribution networks and enhancing community growth across the Asian country.

A16z crypto eyes Asia for expansion 

Following the venture capital fund’s decision to expand its presence in Asia, A16z crypto highlighted the high levels of crypto ownership in South Korea and the increasing on-chain activities in Japan.

At this point, analysts weighed in on the situation. They acknowledged that South Korea has positioned itself as a hub for cryptocurrency innovation, while Hong Kong and Singapore have long served as the continent’s financial centres.

On the other hand, sources familiar with A16z crypto’s recent move claimed that the Andreessen Horowitz unit preferred Seoul for its expansion because it aimed to establish close ties with a major global city where real development takes place, rather than just concentrating on banking or regulations. 

In the meantime, reports indicate that South Korea has one of the most enthusiastic crypto communities globally, with leading exchanges such as Upbit. These cryptocurrency exchanges are renowned for their high trading volumes. 

Another significant finding reported by the notes was that the developer ecosystem in the country is firm, resilient, and centred on product development. Sources also cited an earlier statement from the fund alleging that about one-third of South Korean adults possess cryptocurrency. 

As debates concerning A16z crypto’s plan to expand in Asia heated up, it was confirmed that Park, who was the former APAC Lead at the Monad Foundation, will back both new startups and established firms.

He will also apply his expertise from Monad Foundation and Polygon Labs, where he engaged in market strategies and ecosystem growth throughout East Asia, Greater China, Southeast Asia, and India.

A16z-backed bank shifts its focus towards fintechs and crypto firms

Meanwhile, earlier this week, Loop Crypto announced its partnership with Lead Bank, a bank backed by A16z. The company mentioned that this collaboration aims to capitalise on the anticipated growth of stablecoins.

In a blog post, the co-founder and CEO of Loop Crypto, Eleni Steinman, stated that, “We’re excited to team up with Lead to expand our efforts in stablecoin and crypto payments, creating a bigger impact and reach for technology that can enhance the speed, efficiency, and security of our financial system.” 

Notably, Lead Bank has been in existence for 97 years but has only recently developed a growing interest in fintechs and cryptocurrency firms. Additionally, it is mainly located in Kansas City, Missouri (USA).

This shift in focus occurred after a team of leaders in the tech industry, led by Jackie Reses, acquired Lead Bank in 2022. Earlier this year, the company gained $70 million in its Series B funding round. This amount increased its valuation to around $1.47 billion. 

Some of the prominent investors in Lead Bank include Andreessen Horowitz (a16z), ICONIQ, Greycroft, Ribbit Capital, Coatue, Khosla Ventures, and Zeev Ventures. 

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The final stretch of 2025 has been met with increasing focus among investors looking for the best crypto to buy now. Solana and Mutuum Finance (MUTM) have come up as contrasting alternatives for those evaluating what crypto to buy or looking for the best cryptocurrency to invest in before market action speeds up.

The broad market has been showing a steady pace of recovery. This has brought back focus towards the possible big crypto that may form a big rally. This environment has made both cryptocurrencies more appealing. However, a look at their setups clearly distinguishes a marked difference for investors looking for the best crypto for investment.

Solana Institutional Momentum

Solana has had a recent surge in institutional involvement following Vanguard unlocking access for SOL-related ETFs. This recent involvement in Solana has come following a period where the coin had a mixed performance track record. Solana managed to attract instant inflows following inclusion in a prominent platform for SOL-related ETFs. This recent technology advancement continues to keep Solana in a prominent position among other cryptocurrencies being considered for investment decisions among short-term traders.

The overall Solana story today definitely focuses more on institutional money, but this may also inherently contain a smaller upside for retail investment in comparison to other more developmental blockchain projects. Mechanisms in place for this particular blockchain marketplace indicate ongoing investment demand. However, this opportunity for dramatic gains may be smaller in comparison to more developmental projects.

Mutuum Finance Presale Strength

Mutuum Finance (MUTM) has shown a great acceleration in presale sales as Phase 6 reaches a critical stage. This trend has indirectly contributed towards making decisions about which crypto to buy currently. Phase 6 is filled to 98%, putting pressure on investors looking for information about crypto to buy before subsequent changes. The current price of $0.035 indicates a 250% increase from $0.01 in Phase 1, with this stage about to end any time soon. A total of $19,250,000 has been raised thus far since presale commenced. Total holders of MUTM now amount to 18,400.

Phase 7 opens with a price of $0.04. This means that those who are investing today will be getting their tokens for almost 20% less than those who are investing in the subsequent tier. The market launch price for this token stands at $0.06. This means that those who are investing today have a potential upside of 380%. However, Phase 6 is getting depleted rapidly.

Mutuum Finance (MUTM) has also enhanced community engagement with a dashboard for tracking among the top 50 holders. This increased with the introduction of a 24-Hour Leaderboard where the biggest contributor for a day receives a $500 bonus with a requirement for a single transaction. The leaderboard resets daily at 00:00 UTC. Also pushing new user engagement are ongoing giveaways such as the $100,000 giveaway that gives 10 winners $10,000 each.

Mutuum Finance (MUTM) has confirmed that its V1 protocol launch is set for Q4 of 2025 in the Sepolia testnet. Among those who have begun assessing and reviewing the platform are Halborn Security. This has again boosted the confidence level of potential investors while making MUTM the most anticipated crypto among those considering which cryptocurrency to invest in.

Now Looking Forward to the End-of-Year Push

The Solana and Mutuum Finance (MUTM) comparison remains a part of finding a suitable cryptocurrency investment. Solana remains a beneficiary of institutional investment. However, Mutuum Finance (MUTM) presents a rare opportunity for investment entry with a presale structure and continually increasing number of users. Early investors looking for potential gains are advised to consider this investment before closing phase 6.

For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/ 

Linktree: https://linktr.ee/mutuumfinance

The Commodity Futures Trading Commission (CFTC) recently published a list comprising the first members of its CEO Innovation Council. Sources close to the situation revealed that this council was established to review transformations in the derivatives market, with a specific focus on cryptocurrency, tokenization, and blockchain technology. 

Notably, some of the major crypto industry CEOs joining this council include Shayne Coplan from Polymarket, Tyler Winklevoss from Gemini, and Arjun Sethi from Kraken. Leaders from well-known companies, including Nasdaq, Intercontinental Exchange, CME Group, and Cboe Group, will accompany them.

Crypto industry CEO’s express their willingness to share insight with CFTC

Caroline Pham, a commissioner of the Commodity Futures Trading Commission who was appointed as acting chair of the CFTC by U.S. President Donald Trump, voiced her appreciation to CEOs who expressed their willingness to share their insight with the federal agency.

This group of CEOs was formed over a period of just two weeks. According to Pham, it will focus primarily on advancements in sectors such as derivatives markets connected to tokenization, crypto assets, 24/7 trading, perpetual contracts, prediction markets, and blockchain infrastructure.

To demonstrate their commitment to achieving this goal, the commission unveiled a full list of members joining the council. This information was released by sources familiar with the situation.

Some of these members include: Shayne Coplan (Polymarket), Adena Friedman (Nasdaq), Tarek Mansour (Kalshi), Kris Marszalek (Crypto.com), Arjun Sethi (Kraken), Tyler Winklevoss (Gemini), and Tom Farley (Bullish), among others.

Meanwhile, it is worth noting that this formation of a team of CEOs marks the latest update in a series of rapid updates from Pham and the CFTC regarding the ecosystem. 

This move takes place as the interim chair works to bring her key crypto goals to a swift completion.

Several leaders promote friendly digital asset policies

The Commodity Futures Trading Commission unveiled a pilot initiative specifically aimed at utilising crypto as collateral in the derivatives market this week.

This program was introduced just a few days after CFTC’s acting chair made public that Bitnomial, whose CEO is on the list of members joining the council, had adopted leverage spot crypto trading. Pham commented that she personally supports this move, as it is permitted under U.S. derivatives regulations.

Following her statement, analysts noted that these appear to be the final days for Pham’s leadership at the commission. This is because the Senate is expected to confirm Trump’s nominee for the position, Mike Selig, as soon as next Wednesday. Once he assumes the chairman role, sources mentioned that he will encounter a wave of new crypto policy initiatives headed by Pham.

Analysts also weighed in on the situation, acknowledging that, although she had been interim chair for under a year, she had prioritized crypto policy as her greatest concern for the derivatives watchdog. This move follows the president of the United States’ order to promote friendly digital asset policies, reinforcing the nation’s stature as a hub for global crypto. Likewise, Paul Atkins, Chairman of the United States Securities and Exchange Commission, has reportedly shifted his attention to Project Crypto, the initiative created by his agency.

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A proposed exchange-traded fund is built to chase Bitcoin’s price action while the U.S. market is shut on Wall Street.

The product is named the Nicholas Bitcoin and Treasuries AfterDark ETF, according to a filing dated December 9 was sent to the Securities and Exchange Commission.

The fund opens Bitcoin-linked trades “after the U.S. financial markets close” and exits those positions “shortly after the next day’s open.”

Trading is locked into the overnight window, and of course the fund will not hold Bitcoin directly. At least 80% of assets would be used on Bitcoin futures, exchange-traded products, other Bitcoin ETFs, and options tied to those ETFs and ETPs. The rest can sit in Treasuries.

The filing said that the goal is to use price action that forms when the equity market is offline. Exposure stays inside listed products only. No spot tokens, no on-chain custody, and all positions reset each morning after the open.

After-hours trading drives ETF flows

Bespoke Investment Group tracked a test using the iShares Bitcoin Trust ETF (IBIT), and reported that “buying at the U.S. market close and selling at the next open since January 2024 produced a 222% gain.”

The same test flipped to daytime only showed “a 40.5% loss from buying at the open and selling at the close.” That gap is the return spread the AfterDark ETF is built to target.

Source: Bespoke

Bitcoin last traded at $92,320, down nearly 1% on the day, down about 12% over the past month, and little changed since the start of the year. ETF filings across crypto keep expanding. Products tied to Aptos, Sui, Bonk, and Dogecoin are now in the pipeline.

The pace picked up after President Donald Trump pushed for softer rules at the SEC and the Commodity Futures Trading Commission. After that push, Donald pressed both agencies on token issuers and digital asset exchanges.

Since approvals began in January 2024 under the prior administration, more than 30 Bitcoin ETFs have started trading in the U.S., based on figures from ETF.com. U.S. spot ETFs are now seeing fresh inflows as prices move in a choppy climb after weeks of pullbacks.

On Tuesday, SoSoValue reported that “spot Ethereum ETFs pulled in $177.64 million,” the highest level in six weeks. That beat the “$151.74 million” that went into spot Bitcoin ETFs on the same day.

Solana ETFs added $16.54 million. XRP ETFs took $8.73 million. Dogecoin and Chainlink funds recorded flat flows. Across all products so far, $21.40 billion in Ethereum has been absorbed by ETFs, equal to about 5% of its $400 billion market value.

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Cisco hit a level on Wednesday that it has not touched since the wild days of early 2000, when the company was the center of the internet boom.

The stock surged 1% higher to $80.25, breaking its old split-adjusted record of $80.06, last seen on March 27, 2000, which was also the day the company briefly passed Microsoft to become the most valuable public firm in the world. That moment marked peak internet mania.

Every investor who wanted exposure to the rise of the web looked to its switches and routers. Anyone who wanted to get online needed those tools. Things changed fast after that, and the dot-com bubble blew apart, taking more than three-quarters of the Nasdaq’s value by October 2002.

The collapse wiped out a long list of high-flying names, but Cisco stayed alive through the chaos, and kept building and pulled itself into a different lane. It bought Scientific-Atlanta in 2006, then moved deeper into software with deals for Webex, AppDynamics, Duo, and Splunk. Each move pushed it into new areas while the earlier hype faded away. The company kept expanding even as the market around it changed.

Cisco moves into AI orders

The stock’s new high gives the company a market cap of $317 billion, placing it in the thirteenth spot among U.S. tech names. That is far below the megacap group that now drives the new wave of tech enthusiasm, especially the AI crowd.

Analysts say the current AI boom looks a lot like the energy of the dot-com era. This time the main winner is Nvidia, whose chips power the big AI models.

These chips sit inside the data centers built by major tech companies. Nvidia now holds a value of $4.5 trillion, roughly fourteen times larger than Cisco.

Even with that gap, Cisco is pushing into the AI build-out. CEO Chuck Robbins said in November that the company booked $1.3 billion in quarterly AI infrastructure orders from large web players. The company posted revenue close to $15 billion, up 7.5% from the previous year.

The growth rate is nowhere near the 66% pace it saw in 2000, but the demand for AI-related hardware has pushed the stock up about 36% so far in 2025. The Nasdaq has gained around 22% in the same period.

UBS analyst David Vogt pointed to AI infrastructure demand when he upgraded Cisco’s stock last month ahead of the fiscal first-quarter earnings report. He said the order flow shows strong interest from companies building AI systems.

But many on Wall Street say they are not sure the current spending frenzy can continue. Some say the sector is burning cash too fast. Others question whether accounting rules are being used the right way as companies pile into AI projects.

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The finishing line for 2025 has brought a new wave of opinions regarding the best cryptocurrencies to buy this month amidst a gradual return to risk appetite. Dogecoin finds itself in a very interesting accumulation pattern despite its overall bearish trend. Mutuum Finance (MUTM) continues to attract smart money investments with its fast-moving presale.

Investors considering crypto to invest in and those trying to determine which cryptocurrency to buy have increasingly begun to focus on strategic investments. Now, both of these assets are right in the middle of this debate. Increasing whale action for Dogecoin and increasing investor engagement for Mutuum Finance (MUTM) are pushing focus towards opportunities that may help form 2026 investments.

Dogecoin Accumulation Momentum Contained By Market Conditions

Dogecoin has been trying to establish a stabilization zone around $0.148 following a fresh withdrawal, though its current price remains below major moving averages which have tested bulls for several weeks. The 20-day EMA remains a strong barrier to any potential upside momentum. Despite this negative technical factor, a strong divergence has been observed via on-chain analysis. A total of 480 million DOGE was accumulated in the last 48 hours among big wallets with balances exceeding 1 million DOGE.

Market observers regard this as a possible last squeeze before any firm turnaround may occur, although ongoing resistance posed by key EMAs remains a downturn catalyst. While weighing what cryptocurrency to buy now, a strong combination of intrinsic value and whale investor confidence has made DOGE a somewhat underrated asset in comparison with fast-growing new cryptos.

MUTM’s Superb Presale Momentum

Mutuum Finance (MUTM) continues to move forward with a smooth presale process, increasing its strength among those considering the best cryptocurrency to invest in before the end of the year. The current 98% filled level for Phase 6 stands out as one of the most prominent presale talking points with a price of $0.035. This represents a 250% increase in price from where it stood in Phase 1 with a price of $0.01. A total of $19,250,000 has been raised. There are 18,400 holders.

Phase 6 is filling up very quickly, which means that the time for claiming the tokens with this price level soon expires. After this stage closes, a new stage 7 will open for $0.04. This marks a nearly 20% increase prior to reaching a $0.06 launch price. Buyers who are getting in right now are looking at at least 500% profits.

Mutuum Finance (MUTM) has rolled out a new dashboard featuring the largest 50 holders, pulling in more attention from newcomers who want transparency regarding the distribution of buyers. This comes alongside other developments in testnet preparation.

Buy & Distribute Model

Mutuum Finance (MUTM) has a mechanism called ‘Buy & Distribute,’ which boosts engagement with token participation. A portion of the fees accrued in the protocol is used to ‘Buy & Distribute’ more MUTM. This leads to a cycle where using the protocol leads directly to further demand for its token.

This design ensures continued interaction with this system because when more activity occurs within the lending space, more token redistribution takes place. As the V1 testnet gets closer, this particular design feature should be apparent among other elements driving the economics of this protocol. Halborn Security is evaluating contracts for this lending system while submitting code for formal audits.

Mutuum Finance (MUTM) has also encouraged community engagement using its 24-hour leaderboard. This means that the daily leader in buying is rewarded with a $500 MUTM bonus as long as a single transaction occurs in a cycle. This cycle resets daily at 00:00 UTC. This has ensured a constant level of presale engagement as potential investors compare and search for the best cryptocurrency to invest in during phase 6.

Why Investors Are Choosing MUTM

Dogecoin remains a target for accumulation purchases, but Mutuum Finance (MUTM) presents a more clearly refined entry point with well-established use cases and a better-defined price. Those considering crypto investments today will be wise to take a quick look at MUTM before finishing out the rest of phase 6.

For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/ 

Linktree: https://linktr.ee/mutuumfinance

Oracle reported a cloud revenue result that landed below expectations, leaving investors uneasy about how long its massive AI booking wave will take to turn into steady cash.

Fiscal second-quarter cloud sales climbed 34 percent to $7.98 billion, but the figure missed analyst forecasts. The slower payoff timing now sits at the center of market debate.

This report marked the first major cloud test for the new leadership team running the company after a high-profile executive shift.

Revenue from the infrastructure unit jumped 68 percent to $4.08 billion in the same period, yet that number also came in just under projections.

Oracle said the remaining performance obligation reached $523 billion for the quarter that ended November 30.

Analysts on the Wall Street trading floor had expected about $519 billion, showing demand stayed strong even as near-term revenue lagged today. Oracle’s bookings figure showed future work piling up, but the timing of when that money hits income remains uncertain.

Investors question spending as data center build speeds up

Oracle built its cloud push on its old database base and then chased bigger names in modern computing. The current expansion is tied tightly to a large data center build meant to support AI workloads for OpenAI.

Major platform clients also include TikTok under ByteDance and Meta Platforms. These customers help explain the surge in infrastructure demand even as questions grow about the cost of keeping those sites running nonstop.

Spending pressure showed up clearly in the quarter. Capital expenditures reached about $13 billion, up from $8.5 billion in the prior period. Back in September, the company projected full-year capital spending of $35 billion. Analysts had modeled only $8.25 billion for the latest quarter, which widened the gap between expectations and what was actually spent. The higher outlay reflects land, power, hardware, and network commitments tied to multiple new locations leased to expand computing capacity. These sites are meant to meet AI demand that has not yet fully turned into recognized sales on books.

CEO Clay Magouyrk said, “Oracle is good at building and running high-performance and cost-efficient cloud data centers,” adding that automation lets more sites be built and operated at scale. The stock dropped five percent in extended trading after closing at $223.27 in New York. Shares are down about one-third since September 10, when excitement around the cloud unit pushed the company to a record high. This report was also the first since Safra Catz handed the chief executive role to Magouyrk and Mike Sicilia.

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CBDCs took the center stage in the United States House of Representatives. An essential fight broke out over digital currency policy after Rep. Keith Self (R-TX) accused House leadership of breaking a promise. They were supposed to include anti-CBDC language in the National Defense Authorization Act (NDAA).

Rep. Self had filed an amendment titled “Anti-CBDC Surveillance State.” In an X post, he informed that his proposal will not advance and will not come to the House floor for a vote. The reported adjustment would have blocked the Federal Reserve from testing or issuing a CBDC. However, this also would have prohibited any Fed-backed digital asset “under any other name or label.” 

Self further wrote that Conservatives were assured this language would be included. “Instead, we’ve been handed a take-it-or-leave-it bill that breaks that promise. Without it, I’m inclined to leave it.” The amendment also included explicit protections for “open, permissionless and private” dollar-denominated systems. It can be a nod to crypto-friendly Republicans who argue CBDCs threaten financial freedom.

Congress drops CBDC ban

The NDAA is a 3,086-page package that authorizes next year’s defense budget. It has already run into backlash from hard-liners over Ukraine funding and other omissions. Meanwhile, the absence of a CBDC prohibition has become an unexpected flashpoint in the party’s internal debate over digital money and surveillance.

Earlier, Self, in an interview, stated that leadership had indicated Rep. Tom Emmer’s anti-CBDC measure would be part of the final bill. After reviewing the text, he confirmed it wasn’t there. Other Republicans have echoed the criticism. 

Rep. Marjorie Taylor Greene said she supports crypto but “will not support any system that lets the government cut off Americans from their own money.” In an X post, she mentioned that back in July, she voted NO on the GENIUS Act because it contained a back door to a CBDC. Greene added that at that time, Johnson promised conservatives that he would put Tom Emmer’s bill, which closed the loophole.

Rep. Warren Davidson warned that “CBDC inserts the government between you and your money.” He added that President Trump’s executive order banning federal agencies from pursuing a CBDC “is great, but we need and were promised a law.”

In a fresh post, Davidson stated that Congress just reneged on the promise to ban Central Bank Digital Currency. In the meantime, the central banks are building it. He emphasised the need to ban CBDC.

The Trump administration has moved quickly to reverse the Biden-era Fed’s limited CBDC research. However, one of Trump’s first crypto-related executive orders in January banned federal agencies from developing or promoting a CBDC. It cited risks to privacy, sovereignty, and financial stability.

This all comes in when the global crypto market is in the middle of a recovery run after witnessing high sell-offs. The cumulative crypto market cap dipped by almost 2% in the last 24 hours to stand at $3.16 trillion. Bitcoin price dropped by 12% in the last 30 days. BTC is trading at an average price of $93,682 at the press time.

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Stablecoins now rank among the top 3 catalysts boosting the growth and development of Web3 gaming infrastructure, according to the BGA 2025 report.

The Web3 and blockchain gaming sector has experienced a notable shift in operating dynamics. The Blockchain Gaming Alliance (BGA) has published a 2025 State of the Industry Report, revealing that stablecoins play a pivotal role in the growth of Web3. The report highlighted that stablecoins have ascended to such prominence and now rank among the top three drivers and catalysts responsible for the industry’s growth.

Web3 gaming ecosystem evolves from hype to a more streamlined infrastructure

Source: BGA 2025 Report. Top 3 Growth Catalysts of Web3 Gaming from 2021 to 2025

The report outlines that the blockchain gaming industry is evolving rapidly, signaling a transformative shift driven by solid fundamentals, streamlined infrastructure, and player-centric experiences. The Web3 gaming industry previously relied on hype-driven gaming projects. 

According to the compiled report, Web3 gaming developers are settling on the core values and factors that promote sustainability. Researchers asked respondents to identify priorities that mirror the broader market cycles reshaping the Web3 gaming infrastructure. 

High-quality game launches contributed to a 29.5% growth in the Web3 gaming sector, according to the report. The survey participants responded that the industry has witnessed a remarkable improvement in the quality of games being produced, indicating that developers are more interested in providing value than promoting hype around their projects. 

In-built revenue-driven business models came in second place, accounting for 27.5% of the gaming industry’s growth, according to the responses gathered by the survey. The report highlighted that self-sustaining ecosystems with in-built income-generating models have also infiltrated the gaming sector, showing an inclination towards building working revenue systems as opposed to the previous over-reliance on investor sentiment. The report details that the evolving income-generating infrastructure leverages stablecoins to power seamless transactions. 

Stablecoin adoption accounted for 27.3% of the growth of Web3 gaming 

Stablecoin adoption claimed the third slot, accounting for 27.3% of the ecosystem’s growth. Respondents believe that stablecoin adoption in the industry indicates that developers are increasingly focused on operational resilience and real economic utility, rather than external validation. 

For the longest time, blockchain games have been characterized as over-promising and under-delivering projects. Stablecoins like USDC and USDT merge the stability of traditional currencies with the speed and borderless nature of blockchain, making in-game economies viable for global utility.

The report stated that professionals believed stablecoins simplify the payment experience for players by enabling fast, low-fee, borderless transactions without exposure to volatility. The report also emphasized that regulatory clarity around stablecoins was a vital aspect that boosted stablecoin adoption in the sector. 

A previous publication by Cryptopolitan highlights that Trump’s administration passed the first primary national digital asset legislation, dubbed “the GENIUS Act.” The act acknowledges stablecoins and provides a more transparent federal framework for regulating the issuance and use of these assets.

Co-president of the BGA and co-founder of The Sandbox, Sébastien Borget, said that the survey revealed the Web3 industry is becoming more global, disciplined, and focused on creating in-game value for real players. 

Another notable point deduced from the report is the fading hope of Web2 giants. The research revealed that only 17.2% of participants see traditional legacy publishers as crucial. The figure is down by almost half from last year’s 35.8%. The participants believe developers are now betting on Web3’s unique perks to transform the global gaming industry, including interoperability, AI integration, and player-driven creator economies. 

Some legacy gaming publishers also hint at possible crypto integration in future video games. Cryptopolitan previously reported that speculations hint that Grand Theft Auto (GTA) 6 could incorporate P2E mechanics. The game is the most anticipated video game ever, with its record-breaking first trailer that garnered 90 million views in under 24 hours. 

Another report highlighted that Sony plans to launch a dollar-pegged stablecoin in the U.S. in 2026 to facilitate the payment of games, anime, and digital subscriptions across Sony’s ecosystem.

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Binance’s co-CEO, Yi He, has committed to compensating the losses of users affected by a scam involving her compromised WeChat account. This is despite earlier instances where the exchange executive has urged users to be more accountable to avoid overt attempts to scam them out of their cash. 

Binance co-founder and newly appointed Co-CEO Yi He fell victim to a social media hack when her dormant WeChat account was compromised on December 9, 2025. The attackers used her account to promote a BNB Chain-based memecoin called Mubarakah, causing significant losses for users who bought the token based on the phony promotions.

Yi He confirmed the breach on social media platform X, explaining that she abandoned the WeChat account years ago and it was linked to an old phone number that was seized by the perpetrators. 

The hackers made off with $55,000 in profit after hacking the abandoned WeChat account of Binance’s co-CEO, Yi He. 

What compensation is Binance offering to victims?

Yi He announced that she will personally allocate BNB to conduct an airdrop for users who lost money trading the Mubarakah memecoin. The compensation specifically targets users who traded the scam token on the Binance Web3 Wallet and the Alpha platform.

Yi He expressed sympathy for the affected and committed that the airdrop would be fully distributed within 24 hours of her announcement on December 10, 2025.

She clarified that the compensation is a one-time exception and will not be repeated for future incidents. She stated that neither she, the official Binance account, nor any Binance employees would recommend memecoins because such content lacks long-term viability and price support. 

The founder of SlowMist, Yu Xuan, republished his research on how WeChat account takeovers occur. Chinese telecom carriers reassign inactive phone numbers after approximately three months of disuse. 

Once an attacker obtains access to a recycled phone number that was previously linked to a WeChat account, they can initiate an account recovery process. The system requires contacting just two frequent contacts to verify identity. These contacts might include people who were never directly messaged and only added as friends or interacted with briefly in shared groups.

WeChat takeovers of prominent crypto figures have sort of become a thing, as Tron founder Justin Sun also reported on November 30, 2025, that his account was hacked, prompting him to contact the platform to regain access. 

Yi He herself was previously impersonated in a separate incident in March 2025.

Yi He’s WeChat was hacked

According to blockchain analytics firm Lookonchain, the hackers created two new wallets approximately seven hours before posting about the token and spent 19,479 USDT to purchase 21.16 million MUBARA tokens through PancakeSwap and other decentralized exchanges.

After being promoted on Yi He’s compromised WeChat account, the price of the token surged from around $0.001 to $0.008, representing an increase of over 800%. The token’s market cap briefly touched $8 million as unsuspecting traders rushed to buy based on what appeared to be an endorsement from the Binance executive. 

The attackers then sold 11.95 million tokens for 43,520 USDT, securing approximately $55,000 in profit before the token crashed more than 60%.

Binance co-founder Changpeng Zhao quickly warned users on X, stating that Web2 social media security is not strong and urging the community to avoid buying memecoins from the hacked posts. Yi He recovered her account through external verification and changed the password.

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A fresh debate about which cryptocurrency to consider for investment has reappeared as investors follow those showing resilience in 2025. Ripple (XRP) has started gaining traction based on a continued drop in reserves among major trading platforms, while Mutuum Finance (MUTM) keeps getting momentum with its presale.

Both of these tokens attract a different category of investors. However, this contrast has broadened the debate about which cryptocurrency to invest in now. The shrinking supply of XRP and explosive growth of Mutuum Finance (MUTM) represent a contrasting strategy for any investor trying to identify a cryptocurrency for investment before a shift occurs in market trends.

Ripple’s Supply Reduction Supports Price Interest

Ripple has also shown constant strength around the $2.18 level as its supply within the market continues to reduce. This reduction in available supply continues to build a more stable zone of support for the cryptocurrency and has caught the attention of traders among current crypto news.

Binance has shown one of the most dramatic reductions in exchange supply, cutting down its supply to around 2.7 billion from figures above 3 billion. Long-term holders have begun transferring XRP to offline wallets, cutting down the supply available for sale.

ETF inflows exceeding $640 million have fueled this sentiment even further, pulling more XRP out of trading circulation. Institutional investors looking for assets with stable liquidity levels have contributed to more demand in the market, and with each inflow, the supply continues to decline. Traders are currently focusing on the $2.17-$2.20 region, viewing this as a strong level for possible stops before any potential rise towards the $2.60-$2.85 region.

MUTM’s Presale Quick Progress

Mutuum Finance (MUTM) continues to move along in presale with increasing momentum. The current position of Phase 6 stands at 98% completion. The current price stands constant at $0.035. This marks a 250% increase over the price of $0.01 observed in Phase 1. A total of $19,250,000 has been raised. This is alongside a total number of 18,400 holders. The current presale phase of 6 looks to be selling out rapidly. This serves as an impetus for those considering which cryptocurrency to buy today prior to a price reset. Following completion of the current allotment, phase 7 shall price at $0.04 with a nearly 20% increase.

The launch price for this asset has been recorded as $0.06. This gives those who are currently invested a potential increase of 360%. Investors considering where to put their money in crypto are keeping a keen eye on this shrinking opportunity. The presence of a 24-hour leaderboard has also contributed to this heightened activity. This gives a prize of $500 for the best participant who completes any transaction in a cycle with a reset time of 00:00 UTC.

Dual Lending Structure of MUTM

Mutuum Finance (MUTM) has been working on a dual lending mechanism that will be capable of catering to varying user requirements in its impending protocol. Its Peer-to-Contract system architecture will enable liquidity for prominent assets while enabling lenders to earn yield without manual intervention when borrowers interact with the protocol.

Additionally, the Peer-to-Peer Market will facilitate loans for assets that have customized terms. This will help facilitate liquidity and give users a chance to choose a form of borrowing that best suits their risk preference. Halborn Security is conducting a thorough audit of smart contracts. The code will be formally reviewed before being launched.

Mutuum Finance (MUTM) is also working towards the development of a stablecoin that is fully collateralized and capable of being used as a unit of account. This will bring stability to borrowers and liquidity to lenders. This stablecoin will be integrated with both layers of lending in a manner that will reduce exposure to volatility. 

The update for the V1 protocol will come with several elements such as liquidity pool, mtToken, debt token, and liquidator bot. This update will be rolled out with the Sepolia testnet in Q4 of 2025.

Why a MUTM investment exceeds XRP investment.

A decreasing supply of XRP may be a good thing for a long-term interest, but when looking for something with easy early access and increasing uses, Mutuum Finance (MUTM) appears to be ahead of others when considering which cryptocurrency investment will be best before the new year. Investors looking for a long-term investment should look at MUTM before Phase 6 sells out.

For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/ 

Linktree: https://linktr.ee/mutuumfinance

One of the founders of the notorious crypto pyramid scheme Finiko, Russia’s largest in recent years, has been deported by the United Arab Emirates (UAE).

Thousands of victims in the post-Soviet space and around the world lost millions of dollars to the fake investment project, officials in Moscow reminded.

Finiko co-founder handed over to Russia’s Interpol office

Authorities in the UAE have deported an individual involved in the establishment and operation of the large-scale Ponzi scheme Finiko, Russian media reported.

The financial pyramid crumbled a few years ago, causing serious financial damages, but the investigation into its activities and the manhunt for some of its organizers continue.

The news of the deportation was announced by Irina Volk, the official representative of Russia’s Ministry of Internal Affairs (MVD).

She told TASS that a “person accused of creating and leading a criminal organization, as well as of fraud committed on an especially large scale,” has been transferred to Russian custody at Dubai Airport on Wednesday.

Volk explained that the suspect has been handed over by competent UAE authorities to members of the MVD’s National Central Bureau (NCB). Known as Russia’s Interpol office, the NCB is responsible for international police cooperation.

The Russian official did not clarify whether this was part of a standard extradition procedure or some other arrangement, and did not reveal the identity of the deported.

The MVD spokesperson only noted that, according to preliminary investigations, the alleged perpetrator co-founded the online platform Finiko, which functioned as a Ponzi scheme between 2018 and 2021.

The organizers of the scam lured investors by promising high returns on funds raised to acquire stocks, securities, and digital assets. It accepted payments in cryptocurrency and sold its own token called FNK. No actual investments were ever made on behalf of the clients, however.

Irina Volk summed up:

“As a result of the illegal activity, more than 7,700 victims suffered material damage totaling over 1 billion rubles ($12.7 million).”

Finiko’s long saga continues to unfold

The Investigative Department of the Russian Interior Ministry proceeds with its investigation into the criminal case, Volk highlighted.

The individual, handed over to Russian authorities, fled abroad after the collapse of the crypto pyramid in 2021 and was put on an international wanted list. Volk further detailed:

“Thanks to a series of measures taken through Interpol, the suspect was identified and detained in the UAE in November 2022.”

The deportation follows joint efforts by the MVD’s National Central Bureau of Interpol and the Prosecutor General’s Office of the Russian Federation.

The person’s transfer to the Russian side was agreed upon in negotiations with representatives of the law enforcement agencies of the United Arab Emirates.

While the alleged Finiko member was not identified, high-ranking members of the Ponzi scheme have been arrested in the UAE in the past.

Finiko, which was never officially incorporated as a legal entity, operated out of the city of Kazan, capital of the Russian Republic of Tatarstan, and had offices across the country.

It’s known to have been run by several co-founders and their accomplices. Among them was the pyramid’s alleged mastermind, Kirill Doronin, who was arrested in the summer of 2021.

Ilgiz Shakirov, the phantom company’s vice president, Doronin’s deputy, was detained in the fall of that year, in his native Tatarstan. He was one of over 20 defendants in a criminal case initiated in Russia.

Co-founder Zygmunt Zygmuntovich, who left the country on time to avoid detention, was later captured in the Emirates, according to Russian media reports from 2022.

Zygmuntovich was wanted by Russian authorities along with Marat and Edward Sabirov, close associates of Finiko’s top management. Edward was also apprehended in the UAE, again in 2022.

The actual losses from the activities of the pyramid, incurred by investors from several other former Soviet states besides Russia, EU nations such as Germany and Hungary, as well as the U.S., are believed to be much higher than the official Russian estimates.

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More investors are following one of the new altcoins that are below $0.05, and they are implying that the token may be one of the underestimated ones in 2026. The momentum is quickly growing, and as a significant milestone in development nears, it is becoming something that could not remain at this price point for much longer; Mutuum Finance (MUTM).

Presale Progress 

Mutuum Finance (MUTM) presale started early in 2025 at $0.01 and has since increased up to $0.035, which is a 250% token appreciation as interest accelerates. The project has amassed 18,500 holders, raised $19.250M and sold 815M tokens. 

The current price is above 96% filled in phase 6 and provides only a few tokens left. The next Phase 7 has a price of almost 20% higher and the official launch price is $0.06. The investors have increased their demands because they consider that this narrow window is one of the few remaining to enter at the $0.035 price before valuation drifts to a different point.

Daily activity is also good as there is a 24-hour leader board that rewards the best contributor with $500 in MUTM. Onboarding has also been simplified with card payment availability of new users joining the project in the last allocation stretch.

Behind the Scenes of What Mutuum Finance is Building

Mutuum Finance is building a decentralized lending module that would provide on-chain borrowing and lending structures. The system provides users with an opportunity to deposit assets (ETH or USDT) and get mtTokens. The value of these mtTokens goes up with the interest paid on by the borrowers. One who lends money (or ETH) in the form of mtTokens could potentially see the former increase as the number of users seeking to lend increases. This model of yield is strictly conditioned by activity as opposed to rewards of inflation.

It is also the buy and distribute design developed by this protocol. MUTM in the market is purchased by a share of platform revenue. The tokens purchased are allocated to the meaning of stakers of mtTokens. This provides natural buy pressure which grows with increase in the protocol users.

One of the priorities has been security. Mutuum Finance also received a CertiK audit with the result of 90/100. A bug bounty worth $50K has been put in place to discover possible code vulnerabilities before the first version is released. All these combined have served to make Mutuum Finance a project which, according to analysts, is structurally better than most projects at the early stages in the defi crypto sector.

Stablecoin, Oracle Design Target Price Outlook

Mutuum Finance (MUTM) is planning to develop a USD-pegged interest-backed stablecoin. The stablecoins play an essential role in lending ecosystems since they can decrease volatility, increase liquidity and provide foreseeable circumstances in which borrowers can operate. Numerous successful platforms were not able to experience significant expansion before adding stable-value assets into their systems.

The protocol will be based on Chainlink feeds as a source of prices according to the official roadmap. Extra oracle layers assist in achieving correct liquidation events and currency safeguards whenever there is rapid movement of prices. Any lending protocol must have good pricing infrastructure to prevent mistakes that may harm the system.

Due to these future capabilities, a number of analysts are of the view that Mutuum Finance could ascend to 5x-7x levels within its initial lending operations. The longer models with the adoption of the stablecoins and the increase of borrowing activity have potential to grow more as long as the volume of users is increased.

V1 Launch Forces a Sense of Urgency 

The official X account of Mutuum Finance verified that the V1 testnet will go live in Q4 2025. V1 consists of the liquidation, debt module, lending pool and the mtTokens. The initial assets will be ETH and USDT. The testnet will give users the first opportunity to experience all of the functionality of the lending system and is commonly the time when early stages of DeFi projects get public attention.

Phase 6 approaching complete allocation makes it more urgent. The number of tokens that are still at $0.035 is less than 5% and the demand is up most and before the next rise in price. A recent whale allocation exceeding over $120k decreased the rest of the supply further indicating a greater degree of confidence by long term investors who tend to pour in just before large scale roadmap activities.

Having a mix of early price, developing utility design, mtToken yield, buy-pressure mechanics, audited security and an upcoming testnet launch, Mutuum Finance is becoming one of the potential kept-an eye-on crypto to buy now selections among traders who are planning to make preps towards the 2026 cycle.

Mutuum Finance has demonstrated a brawniness in its nascent stage. The project already has 18,500 holders, a 250% growth rate, and its supply window is shrinking, in addition to such significant features as stablecoin plans, oracle layers and audits, meaning that the project is growing faster than plenty of other projects in the category.

For more information about Mutuum Finance (MUTM) visit the links below:

Website: https://www.mutuum.com

Linktree: https://linktr.ee/mutuumfinance

A Securities Exchange Commission filing on Tuesday revealed that KindlyMD (NAKA) agreed to borrow $210 million from Kraken. The initiative makes the crypto exchange NAKA’s fourth provider to help service its existing loan from Antalpha Digital, which was used to repay a loan from Two Prime Lending.

The Bitcoin treasury firm said the one-year credit signed by its subsidiary Nakamoto Holdings will mature next year on December 4. According to the SEC filing, the loan also bears an annual interest of 8%. The filing revealed that the initiative allows the firm to borrow fiat or virtual assets occasionally under individual loan term sheets.

KindlyMD backs its loan in Bitcoin

KindlyMD said the $210 million loan is backed entirely by Bitcoin. The BTC treasury company will also be required to post collateral of around $323.4 million. The collateral stands at approximately 3,500 BTC at current prices. 

At the time of publication, Bitcoin is trading at around $91,934, up nearly 2% in the last 24 hours. On-chain data also revealed that BTC has plummeted more than 13.2% in the last 30 days. 

According to BitcoinTreasuries, KindlyMD currently owns about 5,398 Bitcoin, making it the 19th-largest corporate BTC holder. Michael Saylor’s Strategy leads with 660,624 Bitcoins in its holdings, followed by MARA Holdings and Twenty One Capital with 55,250 BTC and 43,514 BTC, respectively.

Kraken joins other lenders with similar credit initiatives this year, including previous financings from Yorkville Advisors, Two Prime, and Antalpha Digital. The Bitcoin Treasury company partnered with Antalpha in early October to finance $250 million in debt. 

KindlyMD announced that the digital asset financing will be used to create a new treasury tool for Bitcoin-focused firms. The company also agreed to a five-year convertible note issuance to Antalpha. The proceeds from the issuance will be used to refinance a previous $203 million BTC-secured credit line from Two Prime Lending.

“As a Bitcoin-native-native  company and market leader with an unmatched reputation for exceptional client services, Antalpha is the ideal partner for creating competitive, long-term financing options that understand Bitcoin’s intrinsic properties as a treasury reserve asset.”

-David Bailey, Chairman and CEO of KindlyMD.

The provider of integrated healthcare services partnered with Two Prime Lending in early October for credit purposes. The firm said proceeds from the initiative will be used to service a $200 million convertible debenture. The loan also has an interest rate of 1.5%.

Tyler Evans, CIO of KindlyMD, acknowledged that the financing and the redemption of the convertible note marked a crucial step for the firm to enhance its balance sheet. The firm fully repaid the redemption for the convertible debenture on September 30.

Bailey expects a long-term series of financing to boost KindlyMD’s balance sheet

Bailey said that the initiative helps the firm address today’s financial needs and also helps lay the foundation for future structures tailored for Bitcoin treasury companies. He also expects a long series of initiatives aimed to benefit the firm’s portfolio, its shareholders, and the Bitcoin ecosystem at large.

The initiative follows Bailey’s September 15 Shareholder Letter, which highlighted the need to establish alignment among shareholders and financial partners to support KindlyMD’s long-term investment strategy. He added that the Bitcoin treasury firm has transitioned away from prior financing agreements that didn’t match KindlyMD’s strategy and is now focused on collaborations that share its long-term vision.

Bailey revealed that the company’s stock has rallied over the past month after the merger with Nakamoto Holdings. He maintained that KindlyMD believes in Bitcoin’s long-term potential as the global reserve asset.

Bailey also championed the company’s resilience through the previous Bitcoin cycles, saying that it will make its shareholders a tour de force in the next adoption cycle.

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The Bitcoin mining industry is getting squeezed hard as the crypto downturn drags miners into unprofitability, based on information gathered from Bloomberg.

Companies across the sector are cutting back on hardware to slow the cash burn. The hash price just dropped to its lowest level ever, which shows how little miners now earn per unit of computing power.

TheMinerMag reports that the median cost to mine (including equipment, energy, and debt) now sits above that revenue level, leaving many public miners operating at a loss.

Mining firms are slowing down machines to reduce power usage after the latest drop in income. “As hash price falls, we have seen almost a 8% drop in network hashrate, this is a result of miners using firmware to underclock their machines to save power,” said Ethan Vera, the chief operating officer at Luxor Technology.

Ethan said the downturn is forcing operators to stretch out every kilowatt as they continue trading used rigs to stay afloat.

Miners move revenue into AI infrastructure

The main pressure point is the April 2024 halving, which cuts the reward miners earn from the network. That event hits every four years and reduces the Bitcoin output they receive for validating blocks, which instantly reshapes business math.

Many miners now rely on hybrid setups involving AI and high-performance computing, a shift that lifted their stocks earlier this year even as core mining revenue shrank.

Companies that now operate AI data centers pulled in billions of dollars to expand those facilities, but Bitcoin still brings in most of their income.

Core Scientific collected about 21% of third-quarter revenue from high-performance compute services, while Terawulf brought in 14% from the same line. IREN Ltd., which saw its stock climb more than fourfold this year, generated around 3% of its revenue from high-performance computing, based on TheMinerMag’s estimates.

TheMinerMag also reported that break-even prices for 14 tracked miners climbed by roughly 20% from a mean of $90,000 per Bitcoin in the third quarter.

With Bitcoin averaging $104,000 so far in the fourth quarter, down from $114,000 the prior quarter, and trading around $92,000 on Wednesday, most miners fall short of profit.

“Investors that are piling in or had piled in to these companies over the most recent months are mainly concerned about the AI business, with very little interest in their Bitcoin mining operations,” said Mike Colonnese, managing director of equity research at HC Wainwright & Co.

Mike said miners are preparing to unplug machines and replace them with AI data centers over the coming years.

Companies pull back as non-US miners ramp capacity

Public miners are also separating their stock performance from movements in Bitcoin, as more facilities once dedicated to mining switch to AI support.

Core Scientific, Terawulf, IREN, and Cipher Mining have long-term contracts with companies like Google and Microsoft to host AI demand that could bring in billions of dollars.

“There has been a fundamental shift in Bitcoin mining as many major players exit the sector,” said Wolfie Zhao, analyst at TheMinerMag. Wolfie pointed out that Bitfarms Ltd. announced plans last month to wind down mining operations over the next few years to build new AI centers instead.

Other miners that once chased aggressive expansion have paused announcements about growth plans. Wolfie said private companies outside the U.S. now account for more of the global hashrate, as U.S.-listed operators lose ground.

“It is the companies with smaller balance sheets and a lot of debt that will struggle the most,” Ethan said. “It is going to be a pretty grim Q4 for a lot of miners, and it is even worse if you include their GPU businesses, which haven’t made any revenue yet.”

The mining boom of early 2021 pushed the sector into a multibillion-dollar industry as companies bought specialized machines, built large data centers, and secured huge amounts of power across the country.

Today, some of those same sites are being reused for AI, while others require brand-new construction.

More than 95% of all Bitcoin that will ever exist have already been mined. Once the final coin arrives sometime around 2140, miners will rely entirely on transaction fees.

“There is only a finite amount of Bitcoin to be mined,” Wolfie said. “Unless Bitcoin prices go to the moon, AI demand seems to be a better bet since that is a much bigger pie to begin with.”

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Strategy has planted a flag against MSCI’s proposal to remove digital asset treasury companies (DATs) from its Global Investable Market Indexes. According to the company, the wiser course for MSCI, for investors, and for the broader economy is for MSCI to remain neutral and let the markets decide the course of DATs.

According to Cryptopolitan, MSCI argued that crypto treasury companies are more like investment funds than operating companies.

However, Strategy led by Executive Chairman Michael Saylor argued that it builds Bitcoin-backed credit instruments, manages an active corporate treasury program, and maintains a global enterprise analytics software business, not a passive vehicle for tracking price movements.  Investors buy the company’s strategy and management, not a static wrapper for Bitcoin.

“Strategy is not an investment fund, and it does not passively hold Bitcoin. Strategy is an operating business that actively uses the Bitcoin it holds to create returns for shareholders,” the company wrote. 

Strategy says the proposal is discriminatory, arbitrary, and has zero positive effect

The company warned that implementing the proposal’s 50% threshold is discriminatory, arbitrary, and has zero positive effect. It singles out digital asset businesses while leaving untouched companies in other industries with similarly concentrated holdings in oil, timber, gold, media and entertainment, and real estate.

Additionally, Strategy stated that such a move would disrupt market stability. The leading corporate holder of Bitcoin is urging MSCI to consider DATs as operating entities that contribute to economic progress and innovation.

Strategy also claimed that the proposal is believed to conflict with US policy. President Trump signed an executive order to promote the growth of digital financial technology. The administration also established a Strategic Bitcoin Reserve and promoted the inclusion of digital assets in 401(k) plans.

The company also requested that MSCI provide further consultation. “MSCI should allow time for the digital asset industry and DATs to evolve and gain their footing before proposing broad-stroke rules and criteria. At a minimum, MSCI should not take such a consequential step without engaging in further consultation,” the letter read.

Besides Strategy, Strive, a structured-finance company listed on Nasdaq, is fighting MSCI’s proposal to exclude Bitcoin-heavy companies from major global equity benchmarks.

As reported by Cryptopolitan, the  firm  that holds over 7,500 Bitcoins sent a letter this week to Henry Fernandez, MSCI’s CEO, stating that the proposed exclusion would violate the “long-established principle of index neutrality.” 

According to analysts, Strategy could see up to $2.8 billion of its stock liquidated under MSCI’s proposal. The company was added to MSCI’s indices in May 2024 and has been included for approximately a year and a half.

Strategy adds over $1 billion worth of Bitcoin in two months

Strategy has continued its aggressive accumulation approach through November and December 2025. In November, the company added a total of approximately 9,062 BTC across several transactions, including a major purchase of 8,178 BTC for $835.6 million at an average price of $102,171 per coin.

The company added 130 BTC for $11.7 million early this month, reaching a symbolic 650,000 BTC milestone, valued at roughly $58.5 billion at the time. The pace accelerated slightly later in the month with a blockbuster purchase of 10,624 BTC for $962.7 million between December 1 and 7 at $90,615 per coin. 

This brought the total holdings to 660,624 BTC, acquired for approximately $49.35 billion at an average cost of $74,696 per BTC. 

In a recent statement, CEO Phong Le said that Bitcoin sales are possible in extreme situations, such as a 95% price drop that would trigger margin calls. This goes against Saylor’s long-held “never sell” mantra and has led to speculation about an unimaginable fire sale of their 3% share of the total Bitcoin supply. The company’s mNAV is hovering near 1.0, and shares have dropped 50% since October.

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