🌎 Macro Crypto and Memes
A few Crypto and Web3 headlines that caught my eye:
•BlackRock CEO Larry Fink said sovereign wealth funds have been steadily accumulating Bitcoin, and “bought more” as BTC fell from $126K into the $80K range to build long-term positions
•The IMF warned stablecoin adoption could weaken central bank control in a new report on currency substitution and monetary sovereignty risks
•Solana and Coinbase’s Base network were connected via a new bridge secured by Chainlink and Coinbase infra
•The CFTC approved spot crypto trading on CFTC-registered exchanges, with Bitnomial up first
•Reform UK received Britain’s largest-ever political donation from a living donor, a Tether-linked investor who contributed $11.4M
•Recent research suggested that October-November’s ~$4B Bitcoin ETF outflows came mainly from leveraged basis-trade unwinds across major funds rather than panic-selling
In Corporate Treasuries / ETFs:
•XRP spot ETFs extended their inflow streak to 13 straight days and approached the $1 billion AUM milestone
•SUI got approved for its first 2x levered ETF via 21Shares
•Bitcoin treasury firm Twenty One got approval to list on the NYSE with about $4B in BTC
