YEET.com has been doing some cool stuff lately in the crypto casino space, so we’re giving it a shout-out for anyone who’s been meaning to check it out.
They’ve been putting out a bunch of fun, crypto-themed games with plenty more coming. There’s a mix of quick spins and deeper plays, so you can poke around and see what you like.
It’s easy to jump in. Just hit the link, sign up and have a look around.
Worth exploring if you haven’t already. And as always, gamble responsibly.
It’s the fifth day into December and we are still yet to see any significant move from Bitcoin and the overall crypto market. If anything, BTC seems stuck in a range, unable to break above $94k or below $84k.
Still, the industry is sprinting, and the past 24 hours delivered enough news to remind everyone to focus on fundamentals.
Let’s start with JPMorgan, which says Bitcoin’s next big move has less to do with miners and more to do with Strategy (MSTR), the world's largest BTC holder. The bank argues that if Strategy can keep its balance sheet solid and avoid selling BTC, the market has a path to stability.
They even said Strategy’s enterprise-value-to-Bitcoin ratio sitting above 1.0 is “encouraging,” because it signals little selling pressure ahead. Plus, the firm’s freshly built $1.44 billion cash reserve is enough to cover two years of dividends and interest, offering a breather. JPMorgan is basically saying if Strategy holds, Bitcoin holds.
On the flip side, the risk of MSCI booting MSTR from its indices seems “already priced in,” with the stock down 40% since October. But if MSCI doesn’t exclude it? JPMorgan expects both Strategy and Bitcoin to rip right back to pre-October levels.
Meanwhile, prediction market giant Kalshi is busy becoming unavoidable on cable TV. After locking in a partnership with CNN earlier this week, the platform has now inked an exclusive deal with CNBC.
Starting next year, Kalshi’s real-time forecasting data will appear on shows like Squawk Box and Fast Money, making prediction markets a staple of mainstream financial reporting.
Over on the tech side, Coinbase’s Base network made a huge interoperability leap, launching a Solana bridge powered by Chainlink’s CCIP. This means Solana assets can now flow into the Base ecosystem, and Base users can send their assets into Solana apps.
The team calls it a step toward becoming a hub for “the everything economy,” and with Solana integrations happening across crypto, Base planting its flag there feels like the L2 is positioning for bigger multi-chain ambitions.
Builders get more liquidity, users get more asset support, and developers get the flexibility of launching apps that can tap both ecosystems without friction.
Furthermore, the ETF season refuses to slow down. 21Shares has launched the first Sui-based ETF approved for trading in the US and it’s not just any ETF, but a 2x leveraged product called TXXS. The fund aims to offer double the daily returns of the Sui token, landing as the 74th crypto ETF released this year.
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The important bits.
Ebisu Finance's ebUSD is now live on Stargate, details here.
Valantis Points are live in the HypurrFi lending UI, details here.
Early access to perp exchange QFEX is now open. You can join the waitlist, details here.
Proposal to increase the current 300 million crvUSD credit line for Yield Basis to 1 billion crvUSD is now up for vote, details here.
New perp listing on Nado - you can now trade MON and HYPE with unified margin, multiple collateral types, up to 10x leverage, details here.
Almanak TGE slated for December 11, details here.
Even more important bits.
Ethereum perp DEX Lighter expands into spot trading, read here.
Italy tells crypto firms to comply with MiCA by year-end or exit the market, read here.
Spot Bitcoin ETFs log $195 million in withdrawals, marking biggest daily outflow in two weeks, read here.
IMF says stablecoins could speed up currency substitution and undermine central banks, read here.
TON treasury files $420.69 million meme-themed shelf registration to back tokens and Telegram’s AI ecosystem, read here.
Charts and stats of the day.
Gold and Silver outperform BTC, chart here.
XRP sentiment turns sour, chart here.
Kai kept us busy this week with a new Token brief on MPLX - a Solana digital asset protocol providing the infra for devs to create NFT assets and fungible tokens.
Analyst Round Table | RoundTrippers
Meanwhile, on our Discord livestream, Grant, Kai, Gaz, and 563 discussed:
The case for a bullish Q1.
Who is left trading and capitalizing on the market’s current state.
Aave, MetaDAO and other bullish bias projects.
The MicroStrategy mNAV saga.
Today’s bulletin:
VC-style funding vs ICOs:
Telemetry data of the day.
Top trending tokens for the last 24h:
If you want to access more of this type of data and trade freshly graduated tokens on PumpFun or Bonk, visit Telemetry here (it’s free).
Brew yourself some coffee and tune into our latest Sidelined episode. All the questions floating in your mind about the market’s indecisiveness are answered in this one.
To save you doom scrolling.
We have a new writer, haveeee you met her yet?
It’s a wrap from us. Hix0n will be back on Monday to run the show and guide you through the next leg of the madness.
Until next time!
Edyme, Lavina 🫡
