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Strategy Won’t Sell Bitcoin, Fueling Bitcoin Hyper’s $29M Presale
Quick Facts:
- Bitwise CIO Matt Hougan doesn’t believe that Strategy will sell any of its Bitcoins, saying that the company has ‘enough cash to cover interest payments for the foreseeable future.’
- This reinforces the digital gold thesis and supports a longer-term, institution-led $BTC accumulation narrative.
- Bitcoin Hyper ($HYPER) aims to fuse Bitcoin settlement with SVM-based execution, targeting sub-second, low-fee smart contracts to overcome BTC’s speed, cost, and programmability limits
- $HYPER just reached $29M in presale and targets a potential 1,395% post-launch ROI in 2026.
Institutional conviction in Bitcoin just got a fresh boost.
Bitwise CIO Matt Hougan has indicated that Strategy has no plans to dump its massive Bitcoin position, easing fears of a forced sell-off and reinforcing the idea that large, regulated players are thinking in halving cycles, not headlines.
Strategy now holds 650,000 $BTC, valued at over $74B, and has just purchased another 130 $BTC on December 1.
For you as a Bitcoin holder, that matters. When big allocators telegraph ‘we’re not selling,’ it stabilizes expectations around future supply and dampens the tail risk of sudden institutional liquidation.
That macro backdrop is exactly why high-upside Bitcoin-adjacent plays are back in focus.
If core $BTC exposure is the conservative base layer, then infrastructure tied to Bitcoin’s success – especially Layer 2 networks – becomes the speculative frontier where upside can be multiples higher if adoption hits.In that context, Bitcoin Hyper ($HYPER) and its ongoing presale stand out.
Positioned as ‘the fastest Bitcoin Layer 2 with SVM integration,’ $HYPER is pitching itself as a way to turn Bitcoin’s settlement layer into a high-throughput smart contract environment, effectively grafting Solana-grade performance onto BTC’s security model.
Read more about Bitcoin Hyper right here.
Why Institutions Are Forcing a Rethink of Bitcoin InfrastructureStrategy’s public stance underscores a wider trend: institutional allocators are treating Bitcoin more like digital gold and less like a trade.
Long-term balance sheet positioning, ETF flows, and strategy mandates are tightening the ‘float,’ which is great for price stability but leaves a big question unanswered – what about utility and throughput?
Bitcoin’s base layer still clears roughly single-digit transactions per second, with on-chain fees spiking into tens of dollars during congestion. Lightning helps for simple payments, but it does not solve generalized programmability or DeFi-native use cases.
That gap is why you’re seeing a race among Layer 2 designs targeting Bitcoin: rollups, sidechains, and virtual machine bridges all battling for mindshare.Projects like Stacks, Rootstock, and various rollup experiments each approach the problem differently, from separate smart contract layers anchored to $BTC to EVM-compatible sidechains.
As markets digest that the ‘digital gold’ thesis is intact, attention naturally shifts to which infrastructure can unlock yield, DeFi, and dApps on top of it – and that’s where Bitcoin Hyper ($HYPER) is starting to enter the conversation alongside more established names.
Read more about Bitcoin Hyper in our guide.
Bitcoin Hyper’s SVM Layer 2 Pitch to Bitcoin HoldersWhere Bitcoin Hyper ($HYPER) differentiates itself is in its technical bet: integrating the Solana Virtual Machine (SVM) directly into a Bitcoin Layer 2.
Instead of reinventing the wheel, the project leans on an execution environment already proven to handle thousands of transactions per second with sub-second finality, aiming to exceed Solana’s own performance by optimizing specifically for L2.The architecture is modular: Bitcoin Layer 1 handles settlement and security, while a real-time SVM Layer 2 processes execution.
A single trusted sequencer batches transactions and periodically anchors state to Bitcoin, while SPL-compatible tokens are adapted for the L2. The Canonical Bridge handles the wrapped $BTC, lowering confirmation times to seconds and improving the network’s scalability dramatically.
Investor interest is already material.
The Bitcoin Hyper presale has jumped over $29M recently, with the token priced at $0.013375, signaling that the market is willing to fund a serious attempt at Bitcoin-native high throughput.
Long-term, $HYPER positions itself as a potential slam dunk. Our price prediction for $HYPER, based on the project’s utility and investor support during the presale, hints at a 2026 target of $0.20. 2030 could push that number to $1.50 once the project breaches into the mainstream.In terms of raw profit, think ROIs of 1,395% and 11,115% respectively.
For $BTC holders looking to stay within the Bitcoin orbit but earn on a more dynamic asset, that combination of yield, infrastructure exposure, and long-term profit-hunting potential could be compelling.
$HYPER is making an aggressive case that a Solana-grade execution environment, plugged into Bitcoin finality, is one of the more asymmetric ways to express that view. If that sounds appealing, read our guide on how to buy $HYPER today.
More importantly, do it soon, because Bitcoin Hyper has a targeted release window between Q4 2025, which is nearly over, and Q1 2026: time is not your friend.Buy $$HYPER on the official presale page.
This isn’t financial advice. DYOR before investing.
Authored by Bogdan Patru, Bitcoinist: https://bitcoinist.com/strategy-wont-sell-btc-bitcoin-hyper-presale-reaches-29m.
Анатолий Аксаков: Криптовалюты станут главной темой для законодателей в 2026 году
Первый в истории ИИ-министр подозревается в получении взятки в биткоинах
Bitcoin Dip Attracts Gradual Buying From Sovereign Funds—CEO
Reports have disclosed a sharp rebound in crypto markets this week, with Bitcoin jumping 8% to trade above $93,000 after sliding from lows under $85,000 earlier in the week.
Traders are watching the Federal Reserve’s December actions closely as they try to gauge how much liquidity will return to markets. The move pushed bitcoin back within reach of a roughly $2 trillion market cap.
Sovereign Funds Building Longer PositionsAccording to BlackRock chief executive Larry Fink, several sovereign wealth funds have been quietly adding to positions as prices fell from a peak near $126,000.
“There are a number of sovereign funds that are standing by…. and they’re buying ‘incrementally’ as the Bitcoin price has retreated from its $126,000 peak,” Fink said.
He said these buyers are taking a gradual approach — adding over time rather than making quick bets — and treating holdings as multi-year positions.
Reports have disclosed that public funds in Abu Dhabi and Luxembourg have bought into BlackRock’s IBIT bitcoin fund in recent months.
Fink warned that markets remain skewed and that volatility will persist while many players remain highly leveraged.
Tokenization Seen As A Long-Term StoryFink has been vocal about tokenization as a major theme for the coming years. Based on reports, he wrote in The Economist that tokenization could grow as quickly as the internet did in its early days, noting that Amazon had only $16 million in sales in 1996.
BlackRock, the $10 trillion asset manager he runs, has pushed the idea that a digital wallet could one day hold stocks, bonds and tokenized assets together.
Coinbase chief executive Brian Armstrong said some of the largest banks are already working with Coinbase on stablecoins, custody and trading services, though he did not name the banks.
On Ownership & WorryAccording to remarks made at a DealBook event alongside Andrew Ross Sorkin and Brian Armstrong, Fink described bitcoin in emotional terms: ownership often reflects worries about physical safety or financial security.
He tied demand to concerns over the debasement of financial assets and rising deficits. Reports have also quoted him warning that the US risks falling behind other governments if it does not speed up adoption of tokenization and other digital tools.
US President Donald Trump has similarly warned about competition from China in crypto innovation.
Market Reaction And Risks AheadTraders are already pricing in a variety of scenarios. Some are betting on a major development in 2026 that could reshape demand; others remain focused on short-term policy moves from the Fed.
Bitcoin’s recent 8% gain was the largest daily jump since May, but it came after sharp swings that highlighted how quickly positions can reverse.
With significant capital now involved — and big names publicly backing tokenization — the market is likely to see more headline-driven moves.
Featured image from Pexels, chart from TradingView
Брэд Гарлингхаус составил прогноз курса биткоина на конец 2026 года
S&P Welcomes Top Exchange’s Native Token To Five Key Crypto Indices
European exchange WhiteBIT announced the inclusion of its native token in major digital asset benchmarks by leading global provider of financial market indices, S&P Dow Jones Indices, marking a significant step for the platform and the region’s crypto infrastructure sector.
WhiteBIT Included In Major Crypto IndicesOn Thursday, top crypto exchange WhiteBIT announced that its token, WBT, has been added to the S&P Cryptocurrency Broad Digital Market (BDM) Index, curated by S&P Dow Jones Indices (DJI).
The S&P BDM Index is designed to track the performance of crypto assets that meet strict institutional criteria, including liquidity, market capitalization, governance, transparency, and risk controls, and are listed on recognized open digital exchanges.
This marks an important milestone for both WhiteBIT and the broader fintech landscape in Central and Eastern Europe, the exchange noted, as it reinforces “the platform’s growing role in the global crypto economy” and highlights the industry’s move toward regulated, infrastructure-level players.
In a statement, Volodymyr Nosov, CEO of WhiteBIT, affirmed that “being recognized by S&P DJI is more than an index inclusion — it signals that crypto infrastructure from our region has reached global institutional standards.”
The announcement also revealed that WBT was added to the other four S&P Dow Jones digital-asset indices, including the S&P Cryptocurrency Broad Digital Asset (BDA) Index, S&P Cryptocurrency Financials Index, S&P Cryptocurrency LargeCap Ex-MegaCap Index, and the S&P Cryptocurrency LargeCap Index.
Notably, index providers have been expanding coverage beyond protocol-layer tokens as the industry matures, acknowledging the systemic role of exchanges and financial infrastructure platforms, positioning these companies within the global map of institutional-grade digital asset providers.
The exchange underscored that the classifications require a remarkable record of liquidity stability, transparent price formation, and consistent market cap behavior. “This is a turning point not only for our company but also for the evolution of compliant crypto services worldwide,” Nosov continued.
WhiteBIT’s Expansion And WBT’s MomentumThe S&P index inclusions follow a strong market performance from WBT, which rallied around 50% over the last three months, despite recent market volatility that sent many leading tokens to multi-month lows in the past few weeks.
In mid-November, the altcoin reached an all-time high (ATH) of $62.96, fueled by last month’s positive developments. As reported by Bitcoinist, WhiteBIT unveiled its entry into the Argentine and Brazilian markets, building on its expansion to Australia, Croatia, Italy, and Kazakhstan.
The move is expected to integrate local fiat providers and add support for local currencies, aiming to further enhance accessibility and convenience for domestic users in the two largest countries in South America.
Moreover, the exchange signed a strategic cooperation agreement with Durrah AlFodah Holding, represented by His Royal Highness Prince Naif Bin Abdullah Bin Saud Bin Abdulaziz Al Saud, to drive the Kingdom’s development in blockchain technology, digital finance, and data infrastructure.
Under the strategic agreement, WhiteBIT is set to provide technological expertise and infrastructure design. Meanwhile, Durrah AlFodah will facilitate the exchange’s market entry, regulatory engagement, and partnership development across Saudi Arabia.
Now, being part of S&P’s indices offers WBT a clear benchmark, the announcement added, facilitating its use in future financial products and long-term investment strategies.
This expanded representation marks an important shift for WBT: from a utility token into a component integrated into global benchmark structures used by investment firms, ETF/ETN designers, and quantitative research platforms. Its presence in multiple institutional models means that WBT is now incorporated into the analytical frameworks that guide long-term allocation strategies, diversified exposure construction, and risk-adjusted portfolio modelling.
In the late hours of December 3, WBT rallied to a new ATH of $63.05 before stabilizing around the $62 mark, according to CoinGecko data. This represents a 14.5% increase from the recent lows and a 9% surge in the weekly timeframe.
100 Million TRX Leaves Binance — Justin Sun Behind The Move
According to on-chain monitors, a wallet linked to TRON founder Justin Sun pulled 100 million TRX from Binance on December 3, 2025. Reports say the same address also moved $5 million USDT around the same time. These large transfers were flagged publicly by Onchain Lens and picked up by multiple crypto news outlets.
Transaction Values And TimingOnchain tracking shows the 100 million TRX was worth close to $28 million at the time of the move. The USDT transfer of $5 million happened within a minute of the TRX withdrawal, which has led observers to call the action coordinated rather than routine.
Based on reports, the close timing and mixed asset types — token plus stablecoin — drew extra attention from traders and on-chain sleuths.
Data also shows the Justin Sun-linked wallet now holds a much larger TRX balance than just this single transfer. Tracking services report the address sits at about 492 million TRX, a holding with a notional value near $138 million based on market rates at the time. That swelling balance has prompted talk that accumulation of TRX has been steady in recent days.
A wallet linked to Justin Sun (@justinsuntron) withdrew 100M $TRX worth $27.96M from #Binance and also withdrew $5M $USDT.https://t.co/4d2utqwsv0 pic.twitter.com/k40pMUj15d
— Onchain Lens (@OnchainLens) December 3, 2025
Market Reaction And LiquidityInitial market moves were muted. Some exchange data and commentaries noted a mild uptick in TRX price after the news, suggesting traders saw the outflow as removing sell pressure from exchange order books.
Analysts who track exchange liquidity say large withdrawals like this can shrink available sell-side supply and can support price stability if demand holds. Still, any clear price trend will depend on what happens next with the withdrawn tokens.
No Official Word YetThere has been no public statement from Justin Sun or TRON explaining the transfers. Without confirmation, motives remain speculative. Observers are weighing a few common possibilities: long-term cold storage, staking or protocol use, or internal treasury moves. All of those ideas are possible, but none are confirmed by the team.
What Could Happen NextIf the tokens stay offline, some traders may view the move as bullish since it cuts the floating supply held on big exchanges. If the funds are later sold or used to provide liquidity, the effect could swing the other way.
Reports point out that similar moves by major holders have sometimes been followed by quiet accumulation and other times by large transfers into trading venues — timing and intent matter.
Featured image from Unsplash, chart from TradingView
Bitcoin Inflows Now At $732 Billion This Cycle, Report Reveals
A new report has revealed that a total of $732 billion in capital has flowed into Bitcoin this cycle, more than all other cycles combined.
Bitcoin Has Seen Historic Growth In Realized Cap This CycleOn-chain analytics firm Glassnode has released its Q4 2025 Digital Assets Report in collaboration with crypto investment firm Fasanara Digital, shedding light on how the market landscape has developed in the fourth quarter of 2025.
One of the things the report has talked about is the trend in the Realized Cap of Bitcoin. This capitalization model calculates the total value of the cryptocurrency by assuming the the value of each individual token is equal to the price at which it was last transacted on the blockchain.
The last transaction of any token is likely to represent the last time it changed hands, so the price at its time could be considered as its current cost basis. As such, the Realized Cap is a sum of the acquisition values of all coins in circulation. In other words, the model represents the total amount of capital that the investors used to purchase the asset’s supply. Considering this, changes in the indicator naturally correspond to the netflow of capital.
Below is a chart that shows how the Bitcoin Realized Cap has fluctuated over the last few years.
As displayed in the graph, the monthly change in the Bitcoin Realized Cap has remained positive over the last couple of years, indicating that the network has been enjoying a sustained expansion in stored capital.
The rate of inflows has varied a lot over the cycle, however, accelerating to high levels during rallies and slowing down during flat or bearish periods. Most recently, the monthly increase in the metric hit a high of $39.8 billion in October, but the bearish momentum since then has meant a cooldown to $15 billion.
Following the continued rise in the Realized Cap, its value has reached a new all-time high (ATH) of $1.1 trillion. The report noted that this marks “a historic milestone that underscores Bitcoin’s continued evolution as a globally held, high-liquidity asset.”
The Realized Cap has clearly witnessed a significant amount of growth this cycle. But how does it stack up against the capital inflows of the past cycles? Here is another chart, this one comparing the cumulative Realized Cap change for each cycle:
In total, the current cycle has attracted over $732 billion in capital. The last cycle saw $388 billion in inflows, and the two cycles before that about $90 billion combined. Thus, the latest cycle has not only outpaced each of the past cycles, but it has in fact seen a higher Realized Cap increase than all of them combined.
BTC PriceBitcoin’s latest recovery has so far been holding as its price is trading around $92,800.
Ripple CEO Predicts 2026 Will Be A Breakout Year For Crypto
At Binance Blockchain Week on December 3, Ripple Labs CEO Brad Garlinghouse argued that a rare alignment of regulatory change, institutional demand and real-world utility is setting up crypto for what he called powerful “macro tailwinds” heading into 2026.
“I personally will echo some of the things Richard said: there are so many macro factors that are continuing to provide tailwinds for this industry that I think as we go into 2026 I don’t remember being this optimistic in the last handful of years,” the Ripple CEO told CNBC’s Dan Murphy, speaking alongside Binance CEO Richard Teng and Solana Foundation President Lily Liu.
Ripple CEO Is Optimistic For 2026: Here’s WhyHe framed the latest drawdown not as the start of a structural bear market but as a risk-off interlude against a fundamentally improved backdrop. “Crypto has gone through cycles and when you have risk-on people are excited […] now you have kind of a risk-off moment, there’s uncertainty,” he said. The difference this time, he argued, is that the United States—the largest single economy and roughly “22% of global GDP”—is finally moving away from what he described as years of open hostility toward the sector.
“This is a market that has been really openly hostile to crypto for four or five years or maybe longer, and now you have that that has changed significantly, pretty quickly,” he said. Institutions, in his view, are only beginning to adjust. He pointed to the visible presence of traditional asset managers at the event: “You saw Franklin Templeton on stage here, you saw BlackRock on stage just this week. I think Vanguard has now opened up […] Vanguard historically has said ‘we won’t touch crypto’ and now they’ve had a massive sea change.”
On crypto ETFs, the Ripple CEO rejected the idea that the trade was over-hyped. “Definitely no,” he said when asked whether the ETF “floor” narrative had been exaggerated. He stressed how new these vehicles still are in the United States and highlighted early demand for XRP products. “In the last two or three weeks over $700 million have flowed into XRP ETFs, which is just pent-up demand from institutional investors, from investors who want access because they don’t want to custody themselves,” he said.
He argued that the key metric is crypto’s still-small slice of the overall ETF universe. “The total ETF market—only one or two percent of the total ETF market is crypto. I will bet anybody here that a year from now that will be more than one or two percent,” he said. Short-term outflows from Bitcoin products, he suggested, should be viewed in context: “Over 2026 do we really think crypto ETFs are only going to be one or two percent of the total ETF market? No chance.”
Garlinghouse said Ripple’s own prime brokerage business is already seeing that shift in behavior. Institutions that had remained “on the sidelines” due to regulatory uncertainty or risk aversion are now “getting involved and they’re starting small, and they’re going to walk, then they’re going to crawl—or crawl then walk then run.” Asked directly whether recent volatility had deterred institutional capital, he replied: “Definitely not.”
Stablecoins Will Be A Key PillarStablecoins were another pillar of his 2026 thesis. He agreed that in the latest risk-off phase, capital largely rotated into stablecoins rather than exiting on-chain rails, which he said reflects both utility and trust. “People are recognizing stablecoins can be stable and easier to manage,” he said.
Garlinghouse highlighted that Ripple’s own stablecoin, launched “just over a year ago,” has “just passed about a billion market cap,” is “approved and whitelisted in Abu Dhabi,” and is being used as “good collateral on various platforms from a lending point of view.” For him, stablecoins are an entry ramp to broader adoption, alongside other applications that will be built across Solana, Binance and Ripple ecosystems.
On US policy, he said the trajectory has clearly improved, especially for payment tokens. He cited the GENIUS Act as “regulatory clarity for stablecoins” and linked it to growing corporate interest in on-chain payments. After Ripple’s acquisition of GTreasury, which has visibility into “over 10 trillion dollars of payments,” he said “the number of those customers that are already approaching us interested in leveraging stablecoins […] because of that clarity, people are leaning in.”
The Ripple CEO noted that XRP has already received a form of clarity from US federal courts but said broader legislation is still needed. He referenced the “Clarity Act” for crypto, saying there is “still forward momentum” and predicting that “sometime in the first half of next year we’ll see passage of legislation, which will continue to unlock and create more tailwinds for the whole industry.”
He closed with an explicit price target for the next cycle, acknowledging he was “going out on a limb”: “I’ll say Bitcoin $180,000 December 23rd—or December 31st—2026.”
At press time, XRP traded at $2.15.
Bitcoin Enters New Adoption Phase: Vanguard, Schwab, and Japan Fuel BTC Recovery
Bitcoin has climbed back above $93,000 after enduring days of intense selling pressure, heightened volatility, and widespread market uncertainty. The recovery marks a significant shift in sentiment, but according to a new report from CryptoQuant, one signal stands out as the primary driver behind the rebound: institutional capital is quietly flowing back into the market.
The analysis highlights a key metric— the Coinbase Premium Index, long regarded as a reliable proxy for US institutional demand. Throughout November’s steep correction, the premium plunged deep into negative territory, revealing a stark imbalance: US spot buyers were far weaker than their offshore counterparts.
During this phase, as Bitcoin slid below $90,000, the sharp drop in the premium reflected clear risk-off positioning among US-regulated investors, many of whom stepped back or took profits amid rising macro uncertainty.
Now, with Bitcoin recovering key levels, the data shows early signs of renewed accumulation from US-based institutions. This subtle but meaningful shift suggests that the most conservative segment of the market—professional and regulated capital—may be positioning again after the correction. If this trend continues, the rebound above $93K could evolve into a much broader shift in market structure.
Institutional Catalysts Drive Bitcoin Coinbase Premium HigherAccording to the CryptoQuant report, the narrative has shifted decisively. The Coinbase Premium Index has climbed back into positive territory, signaling renewed accumulation from US-based institutional and regulated investors. This shift coincides with a wave of major developments reshaping the global investment landscape.
Most notably, Charles Schwab, a $12 trillion asset manager, announced plans to offer Bitcoin and Ethereum trading in early 2026. This follows Vanguard’s market-moving reversal that opened access to spot crypto ETFs for more than 50 million conservative investors. These firms are not speculative players—they are the backbone of American retirement wealth.
At the same time, a powerful but less publicized catalyst is emerging overseas: Japan is moving toward formal approval of Bitcoin ETFs. Given the size of Japanese investment trusts, pension-linked products, and retail participation, early adoption could inject $3–10 billion of fresh demand. While no single region drives Bitcoin’s valuation alone, combined flows from the US, Europe, and Japan could easily deliver a mid-single-digit percentage uplift to BTC in the early phases of this expansion.
The broader takeaway is unmistakable: Bitcoin is transitioning from a niche risk asset into a globally standardized investment product. The return of a positive Coinbase Premium may be the market’s earliest confirmation that institutions—especially the most conservative ones—are positioning ahead of 2026.
Weekly Structure Shows Early Signs of RecoveryBitcoin’s weekly chart shows a decisive rebound, with price pushing back above $93,000 after weeks of aggressive selling pressure. The recent wick down toward the green 100-week moving average (100W MA) marked a key moment: buyers stepped in precisely at long-term dynamic support, preventing a deeper breakdown toward the $80,000–$82,000 region.
This reaction confirms that long-term holders and institutional buyers are protecting this level, aligning with the recent return of positive signals from the Coinbase Premium Index.
Despite the rebound, the chart still shows Bitcoin facing overhead resistance. The 50-week MA sits just above the price, creating a supply zone between $97,000 and $102,000. This has historically acted as a trend-determining range; reclaiming it would shift momentum decisively back to the bulls. Until then, the market remains in a mid-cycle consolidation.
Volume behavior also supports the recovery narrative. The huge sell-volume spikes seen in November marked capitulation-like behavior, which often precedes trend reversals. The recent green weekly candle forming on rising buy volume suggests that demand is returning, aligning with improving liquidity conditions on major US and global exchanges.
Featured image from ChatGPT, chart from TradingView.com
Solana Mobile Announces 2026 Token Launch Despite Security Concerns Around Seeker Chip
Solana Mobile’s push into decentralized mobile technology is approaching a new chapter, with the company confirming that its SKR token will launch in January 2026. The token is meant to anchor the Solana Seeker ecosystem, supporting governance, staking, rewards, and developer incentives.
Related Reading: Crypto Gets Legal Recognition: UK Enacts Property Act 2025 For Digital Assets
But this milestone comes at a complicated moment: a newly disclosed hardware vulnerability in the Seeker’s core chip has raised questions about device security just as Solana prepares for broader adoption.
The timing highlights the tension between Solana Mobile’s rapid ecosystem expansion and the security challenges tied to hardware beyond its control.
SKR Set to Power Governance and Rewards Across Solana’s Mobile EcosystemThe SKR token, with a total supply of 10 billion, will serve as the governance and coordination asset for Solana’s mobile platform. Solana Mobile confirmed that 30% of the supply will go toward airdrops and early unlocks for Seeker users and active dApp participants.
Additional allocations include 25% for ecosystem growth and partnerships, 10% for liquidity, 10% for a community treasury, 15% for Solana Mobile, and 10% for Solana Labs.
SKR is designed to integrate deeply with Solana’s mobile ecosystem. Holders will be able to stake the token with designated “guardians,” including Solana Mobile at launch, and later partners such as Helius, DoubleZero, Jito, Anza, and Triton One.
These guardians will verify device authenticity, moderate apps on the Solana dApp Store, and uphold community standards.
Solana Mobile says SKR will act as the engine behind incentives and ownership across the platform, moving beyond the reward-focused design associated with the earlier Saga model.
Security Flaw in Seeker Chip Raises ConcernsThe excitement around SKR’s launch has been met with concern following a report from Ledger security researchers revealing an unfixable vulnerability in the MediaTek Dimensity 7300 chip used in the Seeker smartphone.
According to the researchers, electromagnetic fault injection during the chip’s boot process can bypass memory protections and give attackers full device control, including access to private keys.
The flaw cannot be addressed through software patches because it is physically embedded in the chip’s silicon. While the likelihood of success per attempt is low, between 0.1% and 1%, the attack can be repeated once per second, potentially allowing a breach within minutes.
MediaTek acknowledged the vulnerability but noted that the chip was not designed to defend against such high-level physical attacks.
Rollout Plans Continue as Security Questions EmergeDespite the concerns, interest in Solana’s mobile efforts remains strong. The Seeker has reportedly surpassed 150,000 pre-orders, and Solana Mobile plans to reveal full SKR tokenomics and ecosystem updates at the Solana Breakpoint Conference in Abu Dhabi from December 11–13.
As Solana prepares for SKR’s rollout, the company faces a delicate balancing act. This includes advancing its mobile-first Web3 vision while addressing security limitations tied to third-party hardware.
Related Reading: Taiwan Eyes First Stablecoin Debut In 2026 As Regulatory Framework Advances
The coming months will reveal whether the SKR token can accelerate ecosystem growth or if the unresolved chip vulnerability will overshadow the momentum Solana Mobile has built.
Cover image from ChatGPT, SOLUSD chart from Tradingview
Cardano Founder Reveals “Game Plan” For 2026, But Can ADA Price Still Recover?
With 2025 almost over, the Cardano founder, Charles Hoskinson, and the broader crypto market are looking ahead to 2026 with renewed optimism for the ecosystem and the ADA price. Hoskinson has shared a strategic game plan for 2026 that could significantly transform the Cardano ecosystem and potentially even influence the value of its native token. Although ADA’s price has underperformed other top altcoins so far this year, upcoming developments and shifts in 2026 could create a better environment for a potential recovery.
Cardano 2026 Game Plan Offers Hope For ADA Price RecoveryIn a recent video posted on X, Hoskinson shared his thoughts on Cardano, offering a glimpse into the blockchain’s vision for 2026. According to the crypto founder, Cardano is preparing to enter the new year with a plan to become a powerful and exceptional blockchain network and the most relatable distribution system humanity has ever created.
Hoskinson emphasized that achieving this vision will require significant time and effort, acknowledging that setbacks are part of building a complex system. He noted that bugs and mistakes are inevitable, but what distinguishes a successful project is how well and fast it responds and recovers.
The Cardano founder also highlighted the importance of learning from errors and improving processes, suggesting that future obstacles will be overcome more quickly and effectively. While perfection is unattainable, Hoskinson’s statements reflect confidence in Cardano’s approach to problem-solving, adaptability, and its ongoing progress toward becoming a leading blockchain network.
While the blockchain prepares to advance, it remains uncertain if an ADA price recovery will follow. Currently, the cryptocurrency is trading at $0.449, reflecting a 63% decline this year and a 16.6% drop over the past month. Compared to other altcoins like Ethereum and Solana, which reached new all-time highs earlier this year, ADA’s underperformance has been somewhat of a puzzle, especially given its previous ecosystem developments and strong community.
Analyst Says ADA Price Will Be Mega Bullish If It Breaks This LevelThe Cardano price has been trending downward for months; however, analysts remain bullish on the cryptocurrency. According to crypto analyst ‘Sssebi’, ADA’s next key milestone is the $0.50 resistance level. If the altcoin can successfully breach this threshold, he predicts that Cardano could enter a “mega bullish phase.”
Sssebi’s analysis highlights that despite Cardano’s price being significantly undervalued, its underlying structure still shows hints of bullishness. Breaking $0.50, therefore, could act as a psychological trigger that helps the altcoin overcome current bearishness and signal a much-anticipated recovery.
The analyst suggested that ADA’s current price of $0.44 may represent a bottom level. As a result, he recommends that traders view this low level as a potential opportunity to enter the market ahead of a potential upward surge.
Ethereum Whale Redistribution Continues: Moves 5,000 ETH As Price Reclaims $3K Level
Ethereum is showing notable relative strength as it reclaims the $3,150 level and attempts to push higher, signaling early signs of recovery after weeks dominated by heavy selling pressure, fear, and uncertainty. The broader market rebound has helped restore confidence, but ETH’s ability to outperform key altcoins highlights growing demand and improved sentiment around the asset.
Adding to the renewed optimism, fresh on-chain data from Lookonchain reveals a significant move from one of the market’s most recognized whales. During the rebound, whale 0xdECF deposited another 5,000 ETH—worth approximately $15.52 million—into Binance.
This wallet has become well-known for sending large batches of ETH to exchanges throughout the recent downturn, often coinciding with moments of heightened volatility and capitulation.
Its latest deposit suggests that the whale remains highly active and responsive to market conditions. While such movements can sometimes introduce uncertainty, they also highlight increasing liquidity and engagement from major holders. With price reclaiming key levels and whales repositioning, Ethereum enters a critical phase where sustained strength could confirm a broader shift in market structure.
Ethereum Whale Distribution Highlights Market CautionAccording to Lookonchain, whale 0xdECF has sold 25,603 ETH—valued at approximately $85.44 million—across Binance and Galaxy Digital since October 28. Despite this substantial distribution, the wallet still holds 5,000 ETH (around $15.52 million), suggesting that the whale has not fully exited its position but has significantly reduced exposure during the recent market decline.
This pattern of behavior provides important insight into sentiment among large holders: while they are not abandoning Ethereum entirely, they are actively managing risk and responding to volatility more aggressively than usual.
Such persistent selling pressure from a large wallet often acts as a drag on price during periods of weakness, especially when market liquidity is thin. However, the fact that the whale continues to retain a meaningful position indicates an expectation of potential recovery—or at least a desire to remain strategically exposed to future upside.
Ethereum now finds itself in a critical phase. The asset has reclaimed key levels, but its mid-term structure remains highly sensitive to macro conditions and whale behavior. If selling from major holders slows and accumulation begins to outpace distribution, the recent rebound could solidify into a sustained trend. Otherwise, renewed sell flows could place Ethereum at risk of revisiting lower support zones.
ETH Reclaims Short-Term Momentum but Faces Heavy ResistanceEthereum’s daily chart shows a clear improvement in momentum after reclaiming the $3,150–$3,200 region, but the broader structure remains fragile. The bounce from the $2,750–$2,850 support zone marked a decisive shift in buyer behavior, with strong lower wicks indicating aggressive demand. This rebound has pushed ETH back above key short-term levels, yet the asset still faces a challenging path forward.
Price is now approaching the 50-day SMA, currently sloping downward just above $3,250, which now acts as immediate resistance. This moving average has capped every rally since late October and remains the first major barrier for bulls to reclaim. Beyond it, the 100-day SMA around $3,450 and the 200-day SMA near $3,600 form a tight cluster of overhead resistance that defines the medium-term downtrend.
Volume on the recent bounce is stronger than previous attempts, signaling that buyers are showing more conviction compared to the mid-November attempts to recover. However, the overall trend still leans bearish until ETH can break above the 50-day SMA and begin closing daily candles over $3,300.
Ethereum sits in a critical inflection zone: holding above $3,100 strengthens the case for continued recovery, while rejection from the $3,250–$3,300 band could trigger another retest of the $2,800 region. The next few sessions will determine whether this rebound evolves into a deeper trend reversal.
Featured image from ChatGPT, chart from TradingView.com
Debate Erupts as Uniswap’s Adams Accuses Citadel of Driving Aggressive SEC Oversight on DeFi
The tension between decentralized finance and traditional Wall Street players resurfaced this week after Uniswap founder Hayden Adams publicly accused Citadel Securities of influencing U.S. regulators to impose stricter rules on the DeFi sector.
Adams’ comments, shared across social media, sparked a wide-ranging debate over who should be considered a financial intermediary in blockchain-based markets, and whether the rules of traditional finance should apply to open-source developers.
Adams claimed that Citadel, led by CEO Ken Griffin, has been lobbying the U.S. Securities and Exchange Commission (SEC) to classify DeFi developers, validators, liquidity providers and even front-end operators as broker-dealers.
Citadel’s Filing Raises Concerns Over Tokenized MarketsAt the center of the dispute is Citadel’s December 2 filing to the SEC. The document argues that many blockchain-based systems effectively bring together buyers and sellers in ways that resemble traditional exchanges.
As such, Citadel says they should be regulated under the same standards, even if those systems operate through smart contracts rather than centralized infrastructure.
Citadel warned that tokenized U.S. equities trading on DeFi platforms could create a “shadow equity market” outside the national market system, reducing regulatory oversight and fragmenting liquidity.
The firm’s letter also rejects the idea that technology differences justify regulatory exemptions, insisting that “the same activity should face the same rules” regardless of whether it is powered by algorithms or legacy systems.
DeFi advocates counter that this perspective ignores the design of decentralized protocols, which can function without centralized control and often rely on open-source contributions rather than corporate governance.
Adams Pushes Back Against “Fair Access” ClaimsAdams criticized Citadel’s assertion that DeFi systems cannot provide “fair access,” calling the argument inconsistent with how traditional market makers operate. He argued that open-source protocols can lower barriers to participation, unlike centralized trading venues where access is limited by intermediaries.
Developers and community members echoed this point, noting that the DeFi ecosystem encompasses a broad range of models, from fully permissionless exchanges to platforms that rely on more centralized components.
Some community voices added that regulatory conversations often lack clarity because “DeFi” itself encompasses many different structures.
Regulatory Pressure Builds as SEC Signals Broader ScrutinyThe exchange comes at a time when the SEC has repeatedly taken enforcement action against DeFi teams. The agency has emphasized that it assesses economic realities rather than decentralization labels, citing past cases such as the Rari Capital settlement in 2024.
If regulators adopt Citadel’s framing, entities involved in developing or maintaining DeFi protocols could face registration requirements designed for traditional broker-dealers.
Industry participants warn that such a shift could make open-source projects difficult to operate, raising questions about the future of permissionless finance in the United States.
As the debate continues, the clash highlights a deeper divide between emerging decentralized systems and established financial institutions, one that is increasingly shaping regulatory policy discussions in Washington.
Cover image from ChatGPT, UNIUSD chart from Tradingview
A Bitcoin Parabolic Rally Is Coming: Eric Trump Shares Why First Family Is Pro-Crypto
Bitcoin’s trajectory is becoming a central theme in the first family’s business interests, with Eric Trump explaining why he believes the market is setting up for a dramatic surge. His comments, made in a YouTube interview with Grant Cardone, offered a rare look into how American Bitcoin Corp (ABTC) approaches the crypto industry and why the Trumps consider BTC one of the most important financial opportunities of the decade.
Eric Trump Thinks Parabolic Rally Is Coming For BitcoinEric Trump made it clear that ABTC operates on the conviction that Bitcoin is gearing up for a powerful upward acceleration. American Bitcoin is a publicly traded BTC mining and accumulation company co-founded by Eric Trump in partnership with Hut 8 Corp.
According to Eric Trump, the company is structured to maximize its BTC holdings ahead of that move rather than dilute resources on heavy management costs or constant liquidations. In his words, the comparison with other miners is straightforward because ABTC wants to hold the asset it believes will appreciate sharply instead of turning mined Bitcoin into daily operating cash.
His reasoning is a departure from the traditional mining business model, which typically sells a significant share of its Bitcoin to cover operational costs. Trump insists that ABTC is deliberately positioning itself differently because “we want to be buying the asset that we believe is going to appreciate.”
Eric Trump said BTC’s surge is not limited to ordinary crypto investors but is also driven by the quiet entry of sovereign funds, family offices, and major institutions. He also contrasted Bitcoin with real estate, noting that he now spends more time in crypto because it grows in ways traditional property cannot.
Real estate is slow and tied to limited cash flow, while Bitcoin scales globally and appreciates far faster. That difference is one of the reasons he expects BTC to reach around $500,000 in the long term, a prediction he offered without hesitation.
ABTC’s Unique Model: Building BTC Per ShareAshet Genoot, CEO of Hut 8 Corp., expanded on the company’s internal philosophy by explaining how ABTC measures value differently from other publicly traded firms. Instead of focusing on earnings per share, he said their model centers on “Bitcoin per share,” which is a metric that reflects how much BTC each shareholder indirectly controls through the company.
Genoot explained that the question they ask every day is simple: how do we grow the amount of Bitcoin per share? He described their system as a constant pursuit of increasing BTC reserves through multiple channels, whether mining coins at scale or buying them whenever conditions favor accumulation.
The goal is for every ABTC shareholder to benefit from a rising quantity of BTC over time, turning the company into a long-term accumulator rather than a miner that immediately sells its output to cover expenses.
According to regulatory filings, ABTC operates tens of thousands of ASIC miners under Hut 8’s infrastructure and has accumulated more than 4,000 BTC as of late 2025.
It’s Official: UK Grants Bitcoin And Crypto Full Legal Asset Status
According to reports, the UK has put new law on the books that names cryptocurrencies as property under English law. The measure was approved and was given Royal Assent on December 2, 2025.
That move turns a long stretch of legal uncertainty into a clear rule about who owns what when it comes to Bitcoin, stablecoins and other tokenized assets.
UK Grants Property Status To CryptoBased on reports, the bill — called the Property (Digital Assets etc.) Act 2025 — creates a new, third category of personal property for digital assets. The law covers England, Wales, and Northern Ireland.
It does not make crypto money that must be accepted in shops, and it does not itself set new rules for exchanges or taxes. What it does do is give owners a firmer legal claim they can use in court.
Courts Had Set The Stage Years EarlierEven before the law, judges were already treating crypto as property in some cases. For example, a High Court action in 2019 allowed a proprietary remedy over Bitcoin used in a ransom claim.
Reports show another key ruling came in 2023 when a judge found that the stablecoin USDT could attract property rights under English law.
Legal groups such as the UK Jurisdiction Taskforce had argued for years that crypto meets basic tests for property: it can be defined, found, transferred and held for a period of time. The new act simply puts that view into statute.
Both takes miss it a bit. UK courts have already treated crypto as property for years; this just codifies and tightens the framework, especially for insolvency/estate stuff. It is “true” in the sense that the statute now spells it out, but it is not the revolution CryptoUK is…
— Crypto Reply Guy (@CryptoReplyGuy1) December 2, 2025
Stronger Rights For Holders And CourtsWith property status written into law, people who hold crypto should find it easier to bring claims to recover stolen or lost assets. Creditors and insolvency practitioners will have clearer grounds to list digital assets in estates and bankruptcies.
Reports suggest the change will make freezing orders, seizure and restitution easier to obtain through UK courts than before. That matters for victims of hacks, customers of failed platforms, and anyone trying to settle an estate that includes crypto.
A Law, Not A Full RulebookThe act is a legal recognition, not a full set of rules for how crypto is bought, sold or taxed. Regulators still control licensing, anti-money-laundering checks, and market conduct.
Tax authorities will keep defining how gains are assessed. Based on reports from legal commentators, the act acts as a foundation — it clarifies ownership first, and lawmakers or regulators can build more detailed rules on top of that later.
Featured image from Unsplash, chart from TradingView
Bitcoin Market Signals A Pivotal Turning Point – Here Are The Main Drivers Behind It
Several key Bitcoin metrics are beginning to exhibit bullish action once again alongside the renewed upward traction in the asset’s price. With this kind of trend that points to growing momentum, the crypto king appears to be gearing up for a pivotal shift driven by newfound appetite from investors.
A Key Market Shift Unfolding For BitcoinBitcoin has experienced a rebound as the crypto landscape turns bullish again, sending its price back above the $90,000 mark. Following the bounce on Wednesday, the BTC market appears to have reached a critical junction as it hints at an impending shift in the current trend.
Delving into the market performance, Darkfost, an author at CryptoQuant and market expert, has outlined the key driver behind the unfolding shift. In the research shared on the X platform, the expert revealed that the market today is heavily driven by derivatives. In addition to the derivatives-driven market, 2025 has been the most speculative year Bitcoin has ever seen in its existence.
Another key driver highlighted by the market expert is the actions of investors in the United States and the renewed demand at the institutional level. Darkfost’s research hinges on a critical Bitcoin metric, one that shows the average evolution of the Coinbase Premium Gap in the monthly timeframe and the Spot Bitcoin Exchange-Traded Funds (ETFs) netflows.
Specifically, this metric is the Bitcoin ETF – Netflow USD Vs. Coinbase Premium. It is worth noting that the Coinbase Premium Gap calculates the pricing difference between Coinbase Pro and Binance. This helps illustrate the behavior of different groups of investors. While Coinbase Pro is typically used by institutions and whales, Binance, which has the largest volume, is available to everyone.
The Coinbase Premium Gap decreased from +$109 to -$40 since October 16, when Bitcoin was valued at almost $113,000. Such a drop suggests that institutional investors sharply decreased their positions.
BTC ETFs Netflows Impact On The MarketInterestingly, the trend was also observed in ETF netflows, which also flipped negative. During the period, BTC fell from $113,000 to $80,000, reflecting how much the US and institutional demand influence the market.
As seen in the past, large negative swings have frequently indicated market bottoms, provided that the trend thereafter begins to turn. A trend of this kind is what is playing out in the market today.
However, current data reveals that the Coinbase Premium Gap has bounced back to -$13 while the average ETF netflow is valued at around -$100 million. This comeback in both sectors indicates that in the near term, the situation seems to be improving, and BTC’s price is reacting appropriately to the crucial shift.
As a result, Darkfost predicts that a new all-time high for BTC may happen quickly if this pattern continues in the long run. The ongoing shift may be subtle, but it is noticeable as the market appears to be preparing for a phase that might largely change the course of Bitcoin.
Making History With Bitcoin: What’s Going On With MicroStrategy And Wall Street?
Market expert Shanaka recently explained how a historical event is unfolding with MicroStrategy and its Bitcoin strategy. This comes as the company faces a negative valuation from Wall Street while MSCI considers whether to remove MSTR from its indices.
MicroStrategy’s Market Cap Drops Below the Value Of Bitcoin HoldingsIn an X post, Shanaka noted that MicroStrategy, which is the world’s largest corporate Bitcoin holder, is now worth less than its BTC holdings. The company currently holds 650,000 BTC, valued at around $60 billion, while the MSTR stock has a market cap of $55 billion. The expert noted that Wall Street is valuing the company at a negative based on this.
He further remarked that this is the sustained NAV inversion since MicroStrategy began the Bitcoin model in 2020. Shanaka noted that the company has created a $1.44 billion emergency reserve to pay dividends. This came after the CEO Phong Le admitted that they might have to sell BTC to fund dividend payments if the mNAV drops below 1.
MicroStrategy’s woes could deepen as MSCI will decide by January whether to expel the company from global stock indices. MSCI is considering whether companies that hold Bitcoin should be regarded as funds or trusts rather than as companies. JPMorgan estimates the company could see $8.8 billion in outflows if other index providers make a similar move.
Shanaka described the math as “merciless,” noting that MicroStrategy has $8.2 billion in debt, $7.8 billion in preferred stock, and $16 billion in total obligations against a $45.7 billion shell. Meanwhile, the company currently holds its BTC at an average cost of $74,436, which the expert noted is 15% above breakeven. As such, he remarked that one sustained drop erases every gain since 2020.
Shanaka stated that MicroStrategy’s current situation is not just about one company but about whether corporations can hold sound money without being destroyed by the very system they sought to escape. He added that the largest experiment in corporate Bitcoin adoption is breaking in real time.
Saylor Confirms Talks With MSCI Over Potential ExclusionAccording to a Reuters report, Michael Saylor confirmed that MicroStrategy is in talks with MSCI over a potential exclusion from their indices. MSCI is expected to decide by January 15 whether to remove digital-asset treasury companies that buy Bitcoin and other crypto assets, amid concerns that they are classified as investment funds.
Saylor opined that MicroStrategy’s potential exclusion from MSCI indices won’t make any difference. He explained that his company is currently leveraged by a multiple of 1.11 and could survive a 95% Bitcoin crash. Meanwhile, it is worth noting that Phong Le has stated that it is unlikely they will sell any BTC over the next three years following the creation of the USD reserves, which should be sufficient for dividend payments during this period.
Spot Crypto Assets Get Nod For Trading On CFTC-Registered Futures Exchanges
The US Commodity Futures Trading Commission (CFTC) announced on Thursday that spot crypto asset contracts will soon be available for trading on futures exchanges that are registered with the agency, aligning with the positive regulatory changes championed by President Donald Trump’s administration.
Crypto Sprint ProgressThe CFTC disclosed that this recent decision follows recommendations from the President’s Working Group on Digital Asset Markets and insights gathered from the CFTC’s Crypto Sprint initiative, as well as collaborative efforts with the Securities and Exchange Commission (SEC).
Acting CFTC Chairman Caroline Pham highlighted the importance of providing Americans with access to safe and regulated markets, stating, “Recent events on offshore exchanges have shown us how essential it is for Americans to have more choice and access to safe, regulated US markets.”
In addition to the introduction of spot trading, the Crypto Sprint initiative includes measures to enable tokenized collateral—such as stablecoins—within derivatives markets.
The CFTC also plans to implement regulatory updates to facilitate the use of blockchain technology in various operational areas, including collateral, margin, clearing, settlement, reporting, and recordkeeping.
Historic Shift In CFTC’s Digital Asset Trading MoveMarket expert MartyParty on social media stated that this latest move is an historic decision that will empower retail and institutional traders to buy, sell, and leverage crypto assets directly on CFTC-registered exchanges. MartyParty further noted:
It’s the culmination of years of regulatory groundwork, including a joint SEC-CFTC statement clarifying that existing laws already permit such trading on registered venues.
Pham remarked on the collaborative efforts of the administration, stating that President Trump’s leadership has fostered a comprehensive plan for the US to reclaim its status as a global leader in digital asset markets. As she noted, “The CFTC has a central role to play” in this initiative.
Featured image from DALL-E, chart from TradingView.com
Expert Says An XRP Supply Shock Will Only Happen In These Conditions
A leading market expert argues that most investors misunderstand what would need to happen for an XRP supply shock to unfold. The analyst stressed that a true supply shock is driven by measurable XRP absorption, with early signs showing how quickly tokens are removed from circulation relative to how quickly they return.
How A Real XRP Supply Shock FormsCrypto analyst Pumpius took to X this Wednesday to outline the conditions he believes must align before XRP can experience an actual supply shock. The expert noted that many in the community often talk about an explosive squeeze that could drive XRP’s price higher, yet few understand the mechanics behind such a shock.
Pumpius argued that a real supply shock is not driven by speculation or hype, but by a measurable reduction in the amount of XRP available on the open market. In his view, such an event only occurs when tokens are absorbed faster than they can be replenished, creating an imbalance between circulating supply and future buyers.
The analyst explained that the first big trigger for a supply shock would be the launch of Exchange-Traded Funds (ETFs). Once all ETFs go live, their issuers will need to buy real XRP rather than derivatives or IOUs, which could gradually drain the amount of available tokens on crypto exchanges.
Pumpius added that institutional participation would amplify the supply impact of ETFs, since banks and large asset managers typically custody assets rather than actively trade them. He explained that XRP set aside for settlement purposes, treasury management, or long-term liquidity planning would be removed from day-to-day circulation, further contributing to a potential supply shock.
Another point Pumpius mentioned in his post was that companies could start holding XRP in their corporate treasuries to support international payments and XRP Ledger (XRPL) based settlement corridors. If this occurs, the analyst suggests that these operational XRP balances would remain in working capital accounts rather than flowing back to exchanges.
He added that Ripple’s management of its escrow further limits XRP’s supply. Currently, Ripple has little to no incentive to oversupply the market, and unused escrow releases are often returned, keeping the amount of net new XRP entering circulation tightly controlled.
On-Chain Utility And ZK Identity Drive Supply CrunchIn his post on X, Pumpius highlighted two other factors needed for XRP to experience a real supply shock. He stated that growing on-chain utility will further reduce the supply of XRP, ultimately contributing to a supply crunch. These include tokenized funds built on the XRPL, such as RLUSD, liquidity pools, identity layers, and payment rails—all of which rely on XRP as a core asset.
A Zero Knowledge identity infrastructure on the XRP Ledger could also lock away more tokens. Pumpius emphasized that these systems link XRP to identity-verified flows and validation processes, which naturally tighten supply.
Together, these forces create the ideal conditions for a real XRP supply shock. Pumpius notes that as exchange balances drop and OTC desks hold less inventory, overall liquidity becomes thinner. Buyers are then forced to compete for the shrinking supply of tokens, potentially driving prices higher as demand outweighs supply.
