Chainalysis has rejected Binance's analysis claiming illicit trading volume at seven major crypto exchanges ranged between 0.018% and 0.023%. The blockchain analytics firm stated Binance conducted the analysis internally using select Chainalysis data while excluding key crime categories including ransomware and stolen funds. The dispute emerges as Binance continues managing consequences from its $4.3 billion U.S. penalty in 2023.

Bank of America has identified Nvidia, Palantir Technologies, and Robinhood Markets as leading buy-and-hold investments heading into year-end. The firm cited Nvidia's dominance in AI chips with EPS growth potential exceeding 40%, according to Bank of America analysts. Palantir's customer count increased 45% year over year, while Robinhood shares have surged 245% year to date.

Bitcoin has declined 28% from its October all-time high of $126,000 to approximately $91,000, marking its steepest monthly drop since June 2022. The downturn reflects institutional selling through ETFs, declining stablecoin market capitalization, and increased profit-taking by long-term holders. No immediate catalyst for recovery has emerged ahead of the December 9 FOMC meeting.

Markets delivered a broad rally during Thanksgiving week, with Bitcoin climbing over 7% to surpass $90,000 and the S&P 500 gaining 3.7% in its strongest weekly performance since May, data show. The advance persisted despite a rare Chicago Mercantile Exchange trading halt caused by a data center cooling failure. Federal Reserve rate cut expectations and Alphabet's unveiling of a new AI model fueled gains across stocks, bonds, commodities, and digital assets.

A Goldman Sachs survey conducted between November 12 and November 14 shows that institutional investors expect gold prices to reach $5,000 per ounce by the end of 2026. Among more than 900 institutional clients, 36% anticipate prices will surpass that level, while 33% project a range between $4,500 and $5,000. Gold has gained 58.6% year-to-date and crossed $4,000 per ounce for the first time on October 8.

BitMEX co-founder Arthur Hayes predicts equity price discovery will transition to crypto-style perpetual futures by the end of 2026. SGX in Singapore and CBOE in the U.S. plan to launch perpetual contracts by end-2025, while Coinbase listed a retail version earlier in 2025. Hayes says legacy derivatives exchanges are now adopting the perpetual model BitMEX pioneered in 2016 with 100x leverage.

The European Central Bank warned on November 26, 2025, that Big Tech companies represent 31.1% of the S&P 500's market capitalization while generating only 20.8% of index earnings, according to its Financial Stability Review. The bank identified this valuation gap as a financial stability risk, noting elevated asset prices and market concentration could trigger sharp corrections if AI adoption disappoints or economic growth weakens. ECB Vice President Luis de Guindos distinguished current conditions from the dot-com bubble, citing established revenues and business models, but acknowledged valuation concerns.

SoftBank has lost more than $100 billion in market capitalization since late October following its significant investment in OpenAI and the sale of its Nvidia holdings. The company's shares dropped approximately 40%, wiping out over ¥16 trillion in market value. SoftBank faces a $22.5 billion payment to OpenAI in December as part of its $32 billion commitment.

OpenAI has committed to $288 billion in cloud computing contracts with Microsoft and Amazon, securing 36 gigawatts of capacity, according to HSBC analysis. The firm projects the company will need to raise an additional $207 billion by 2030 to cover costs, even after accounting for projected revenues and existing financing options. Only one-third of the contracted capacity is expected to become operational by 2030, though payment obligations remain in effect regardless of deployment timelines.