Crypto.com is recruiting for an internal market-making desk in prediction markets, raising questions about fairness and structure. Coinbase expects its purchase of The Clearing Company to close in January, and JPMorgan is reportedly exploring crypto trading for institutions. DWF Labs settled a 25‑kilogram gold trade as part of a move into physical commodities.

Following the April 2024 halving, miners faced the most severe margin squeeze in 2025 and accelerated shifts into AI, HPC and consolidation to stabilize revenue. With the subsidy fixed at 3.125 BTC and the cycle extending into 2026, profitability increasingly hinges on energy costs, fee income and financing choices.

Crypto.com is creating an in-house market-making team for its prediction markets, saying the structure follows federal rules and is meant to deepen liquidity. The exchange, which is recruiting a quant trader for contracts tied to sporting events, says the desk is disclosed to the US Commodity Futures Trading Commission and treated like external market makers. A spokesperson said no market maker receives a "first look" at order flow or proprietary data and that the firm does not depend on proprietary trading as a revenue source.

Erebor, the digital bank co-founded by Palmer Luckey and backed by Peter Thiel, has reportedly raised $350 million at a $4.35 billion post-money valuation led by Lux Capital. The company recently obtained conditional approval from the OCC and a 12‑month deposit insurance approval from the FDIC, moving it closer to full bank status with a focus on crypto, AI and stablecoin-related services.

Claims of a renewed Xinjiang mining crackdown spread this week, but the Miner Weekly by TheMinerMag shows the Bitcoin hashrate drop was brief and overlapped with U.S. power curtailments. Most pools rebounded within days, leaving a net decline of roughly 20 exahashes per second versus early talk of approximately 100 EH/s.

The FDIC published a 38-page proposal outlining how regulated banks could apply, via subsidiaries, to issue payment stablecoins. According to an FDIC website posting, the draft lays out approval criteria and oversight; as Bloomberg reported, it will undergo a public consultation before advancing. The GENIUS Act cleared the Senate in June and was signed by President Donald Trump on July 18.

American Bitcoin, backed by Eric Trump, has moved ahead of Anthony Pompliano's ProCap Financial in total corporate Bitcoin holdings after adding over 1,000 BTC since the start of December, bringing its stack to 5,044 BTC worth about $443 million. While both firms continue accumulating BTC and the top 100 public companies now hold more than 1.08 million BTC, their share prices and other Bitcoin proxy stocks have come under heavy pressure amid heightened market volatility.