December 19, 2025

Arthur Hayes Says Fed’s New Liquidity Tool is QE by Another Name

December 19, 2025 boss

Arthur Hayes, co-founder and former CEO of crypto exchange BitMEX, argued in a Substack essay published Friday that the Federal Reserve’s new “reserve management purchases” (RMP) program is effectively a rebranded form of quantitative easing. Hayes argues that by buying short-term Treasury bills and recycling liquidity through money markets, the Fed is effectively financing government spending while avoiding the political stigma of quantitative easing, even as officials frame the program as a technical liquidity operation. “The RMP is a thinly disguised way for the Fed to cash the government’s checks.…

Bitcoin Slips $85k, DATs Threatened By ‘mNAV Rollercoaster’

December 19, 2025 boss

Cryptocurrency markets experienced another week of downside as investor activity gradually wound down ahead of the holiday period. Bitcoin (BTC) fell over 5% during the past week, dipping to a weekly low of $84,398 on Thursday, before recovering to trade above $87,769 on Friday, TradingView data shows. Crypto market volatility continues to threaten the sustainability of digital asset treasury (DAT) companies, as their longevity now depends on avoiding the multiple-to-net-asset-value (mNAV) “roller coaster,” making these firms subject to the value swings of the tokens held on their balance sheet, according…

$2,500 Solana? Scaramucci Says The Setup Is Already In Motion

December 19, 2025 boss

SkyBridge Capital founder Anthony Scaramucci said he still sees a path to Solana reaching $2,500 over a five-to-ten-year horizon, arguing that tokenization plus clearer US regulation could turn Solana into a core financial “rail system.” Scaramucci made the remarks in an interview with SolanaFloor filmed during last week’s Solana Breakpoint conference and released on Dec. 18. Why Solana Is Still Poised For $2,500 Scaramucci framed the $2,500 thesis as a long-duration bet that won’t play out cleanly. “It’s not going to come without… volatility,” he said, pointing to what he…

Michael Saylor’s Bitcoin thesis: money or commodity?

December 19, 2025 boss

Satoshi Nakamoto’s Bitcoin white paper envisioned a “peer-to-peer electronic cash system,” but Bitcoin’s biggest proponent seems to have an entirely different view of its purpose. Strategy executive chairman Michael Saylor, whose company has been buying Bitcoin aggressively for nearly five years since adopting a Bitcoin (BTC) treasury strategy, presented what many described as plans for a “Bitcoin central bank” during his keynote speech at Bitcoin MENA. Economist Saifedean Ammous, well-known in Bitcoin circles for penning The Bitcoin Standard, was also a notable figure attending the conference in Abu Dhabi. Ammous…

Ether ETFs Outflow Streak Hits 6th Day as Bitcoin Bleeds Again

December 19, 2025 boss

Bitcoin and ether ETFs both moved deeper into negative territory as investor caution resurfaced, while solana and XRP continued to attract steady inflows. The session reflected a market still rotating selectively rather than exiting crypto exposure altogether. Bitcoin and Ether Bleed as Solana, XRP Stay Resilient Momentum cooled quickly across the ETF landscape, with bitcoin’s […] Original

BTC Market Evolves As ‘New Whales’ Take 50% Dominance

December 19, 2025 boss

Freshly released Bitcoin (BTC) onchain data pointed to a less classic cycle peak or bottom and more toward a structural transition in how capital is entering the market. Key takeaways: Nearly 50% of Bitcoin’s realized cap is now attributed to “new whales,” highlighting a structural reset of the network’s cost base. The Short-Term Holder (STH) supply expanded by roughly 100,000 BTC over 30 days, reaching an all-time high that signals intense demand. New whales are rewriting Bitcoin’s cost base Data from CryptoQuant shows that addresses classified as new whales now…

FCA on Exchanges, Staking, and DeFi

December 19, 2025 boss

The United Kingdom is taking a decisive step toward fully regulating its crypto market. This week, the Financial Conduct Authority (FCA) launched a wide-ranging consultation outlining proposed rules for crypto exchanges, staking services, lending platforms and decentralized finance. The proposals follow new secondary legislation from the UK Treasury that formally brings crypto activities into the country’s financial services framework, with a target implementation date of Oct. 25, 2027. In this week’s episode of Byte-Sized Insight, Cointelegraph explored what this consultation signals for the UK crypto market and how industry leaders…

“Crypto Is DEAD” – Bitcoin’s Silent Exodus Continues As Markets Bleed!

December 19, 2025

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Bitcoin #Crypto #Finance Bitcoin faces one of its most critical moments yet. The crypto market is reeling as Bitcoin ETFs sink underwater, creating a $100 billion liquidity crunch not seen since FTX. Analysts warn that many new crypto ETFs could face liquidation just months after launch, even as the SEC opens the door to hundreds more under new listing rules. Meanwhile, Grayscale predicts 2026 will mark the dawn of crypto’s institutional era & DTCC begins tokenizing U.S. Treasuries. 🔥 Earn up to…

Regulation, Stablecoins May Reshape Crypto in 2026

December 19, 2025 boss

After a year of unexpected turbulence for crypto markets, 2026 could mark a turning point driven by regulatory clarity, accelerating stablecoin adoption and an improving macroeconomic backdrop, according to a new outlook from Coinbase Institutional. In its 70-page report, Coinbase Institutional said digital assets have evolved “from a niche market to an emerging pillar of global market infrastructure,” even as price volatility and uneven liquidity defined much of 2025. Looking ahead, Coinbase’s institutional arm expects clearer global regulatory frameworks to provide stronger policy guardrails, supporting innovation and long-term market maturation.…

Polish Parliament Approves Revived Crypto Bill, Heads to Senate

December 19, 2025 boss

The Sejm, the lower house of Poland’s legislature, has again passed a bill that could impose restrictions on the cryptocurrency market, following the country’s president’s veto of an earlier attempt. In a Thursday vote, Polish lawmakers voted 241 for and 183 against the Crypto-Assets Market Act, a bill previously vetoed by President Karol Nawrocki. On Friday, the bill was sent to the Senate for further consideration. Progress of Poland’s Crypto-Asset Market Act. Source: Sejm The crypto bill is intended to align Poland’s regulations with the European Union’s Markets in Crypto-Assets…