Robinhood Markets and Susquehanna Group have agreed to purchase a 90% stake in regulated exchange LedgerX from Miami International Holdings. The partners will operate LedgerX as an independent exchange through a joint venture, with Robinhood holding majority control. Miami International Holdings will retain a 10% strategic stake. The acquisition positions Robinhood to expand into event-driven crypto markets and launch a futures and derivatives platform focused on prediction markets.

Kevin Hassett, White House National Economic Council director, has emerged as the front-runner for Federal Reserve chair as President Donald Trump narrows his selection. Hassett disclosed owning $1m to $5m in Coinbase stock and receiving over $50,001 from the exchange for advisory work, according to Office of Government Ethics filings. Treasury Secretary Scott Bessent has completed second-round interviews with finalists, with Trump likely to announce a decision before December 25, 2025.

Asian equity markets opened higher Wednesday as traders increased risk asset exposure. Bitcoin held near $87,000 while regional stocks gained on growing expectations of a Federal Reserve rate cut in December. MSCI's Asia-Pacific index outside Japan climbed approximately 1% in early trading.

Galaxy Digital is negotiating agreements to provide liquidity on prediction market platforms Polymarket and Kalshi. The crypto infrastructure firm would function as a market maker, posting continuous buy and sell orders to deepen trading activity. CEO Mike Novogratz said the company is conducting small-scale market-making experiments, with broader liquidity provision expected in the future, according to Bloomberg.

Bitcoin traded around $87,000 as Asian stock markets opened higher on Tuesday, extending Wall Street's gains from the previous session. Regional equities advanced amid growing confidence that the Federal Reserve will cut interest rates at its December meeting. Fed Governor Christopher Waller signaled support for a rate reduction next month, while money markets now price in roughly a 90% probability of a December cut.

South Korea's Financial Intelligence Unit is proceeding with enforcement actions against major domestic cryptocurrency exchanges for alleged anti-money laundering violations. The regulator plans to issue institutional fines and individual sanctions following on-site inspections completed at Upbit, Bithumb, Coinone, Korbit, and GOPAX. The enforcement follows sequential reviews conducted since August 2024, with penalties potentially reaching hundreds of billions of won across the sector.

Bitcoin rose above $87,000 during Monday's Asian trading session, gaining 1.5% to $87,461 as regional equities strengthened. The rally followed remarks from New York Fed President John Williams indicating interest rates could decline in the near term. Market pricing now shows approximately 57% probability of a December rate cut, up from less than 30% a week earlier.

Bitcoin dropped 7% to approximately $85,000 as Asian trading sessions opened with widespread losses. Regional equities extended a global selloff after US employment figures left Federal Reserve rate cut prospects unclear, prompting investors to reduce risk asset exposure.

Michael Saylor's Strategy faces potential removal from major stock indexes including MSCI USA and Nasdaq 100, JPMorgan analysts said. Exclusion from MSCI alone could trigger up to $2.8 billion in outflows, with passive funds holding nearly $9 billion in market exposure to the company. Index providers are expected to decide by Jan. 15.