On Monday, Ethereum treasury firm BitMine, led by Tom Lee, added about $88 million in ETH to its holdings, according to onchain data. The NYSE-listed company now reports owning 4,066,062 ETH acquired at an average price of $2,991 per token, valuing its treasury at roughly $12 billion. BitMine's strategy focuses on accumulating 5% of Ethereum's circulating supply while its BMNR stock and ETH price both declined that same day.

According to a Wall Street Journal report, Terraform Labs' court-appointed plan administrator Todd Snyder has sued Jump Trading, co-founder William DiSomma, and former president Kanav Kariya, seeking $4 billion in damages. Snyder alleges Jump profited through a clandestine arrangement tied to TerraUSD, while a Jump spokesperson called the case a "desperate attempt" and vowed a vigorous defense.

U.S. President Donald Trump is scheduled to interview Federal Reserve Governor Christopher Waller on Wednesday as one of five candidates to succeed Jerome Powell as Fed Chair. Waller, known for his supportive views on stablecoins and DeFi, currently has a 15% chance of being nominated on Polymarket, compared with higher odds for Kevin Hassett and Kevin Warsh. Some market observers expect that a new Fed Chair more inclined toward rate cuts could become a constructive signal for the crypto market.

On Monday, Ark Invest led by Cathie Wood increased positions in BitMine, Coinbase, Circle, Block, Bullish and its Ark-21Shares Bitcoin ETF, according to its trade filing. Purchases included $17 million in BitMine, $16.26 million in Coinbase and $10.8 million in Circle across ARKK, ARKW and ARKF, as all six holdings finished the day lower.

U.S. President Donald Trump stated during an Oval Office Q&A on Monday that he will review a possible pardon for Keonne Rodriguez, co-founder and CEO of Samourai Wallet, after directing Attorney General Pam Bondi to examine the case. Rodriguez was sentenced last month to five years in prison over operating the bitcoin wallet's crypto mixing feature, while his co-founder William Lonergan Hill received four years.

Coinbase plans to unveil a prediction market and an in-house tokenized equities product at a Dec. 17 showcase. The sector has seen rapid growth, with Kalshi and Polymarket's combined monthly volume hitting $7.7 billion in November, and Gemini and Crypto.com outlining new initiatives. Coinbase shares closed down 2.2% at $269.02 on Thursday.

Ethereum-focused treasury firm BitMine reportedly purchased $112 million worth of ETH this week, as chairman Tom Lee reiterated his view that Ethereum has already bottomed at $2,500. The firm’s continued accumulation comes amid broader macro uncertainty following the Fed’s latest rate cut, which pressured crypto prices despite equity gains.

The American Federation of Teachers sent a letter to the US Senate on Monday urging lawmakers to withdraw the Responsible Financial Innovation Act, a bipartisan bill that would define digital assets and payment stablecoins, according to CNBC. The union, which represents 1.8 million members, warned that the proposal could expose pensions and working families to crypto-related risks by enabling tokenized securities and expanding digital assets in retirement portfolios. It also cautioned that gaps in the bill’s oversight of illegal activities could help set the stage for a future financial crisis.

Citadel Securities has urged the U.S. Securities and Exchange Commission to classify decentralized finance protocols as exchanges and broker-dealers when they facilitate tokenized securities trading. In a letter dated Tuesday, the trading firm warned that broad regulatory exemptions would create inconsistent standards for identical securities and weaken investor protections. The proposal has drawn sharp criticism from cryptocurrency industry leaders who argue it misinterprets existing law and threatens innovation.