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Update (Dec. 11 at 7:35 pm UTC): This article has been updated to include a Thursday policy announcement from Caroline Pham.The top Republican on the Senate Agriculture Committee said the full chamber could vote on US President Donald Trump’s pick to chair the Commodity Futures Trading Commission “maybe as soon as this afternoon.”In a prepared statement for a Thursday hearing on CFTC reauthorization, Committee Chair Glenn Thompson said the Senate could vote on Michael Selig’s nomination to chair the agency on Thursday. The potential vote would come just a few weeks after the Agriculture Committee advanced Selig’s nomination to the…

Both the U.S. Commodity Futures Trading Commission and the Federal Deposit Insurance Corp. will have significant reach into supervising the U.S. crypto sector, and President Donald Trump’s nominees to be their chairman have been crawling through a Senate confirmation process that’s close to its end — though the Senate likely remains days away from actually holding the final vote.After a Thursday approval 52-47 of the resolution that sets up the final vote, Mike Selig is one step away from taking over the CFTC, and Travis Hill’s ascent to chairman at the FDIC will also soon be decided. A spokeswoman for…

ChronoForge, a Web3 game studio developing a multiplayer action RPG centered on onchain asset ownership, is shutting down after months of operating with a drastically reduced team, a closure that underscores the severe financial pressures facing the Web3 gaming sector during the current market downturn.On Wednesday, the studio announced it will cease all services by Dec. 30, citing “many headwinds,” including a funding shortfall that forced the founders to finance development out of pocket since July and reduce staff by 80%.In a statement posted to social media, the team said it had continued operating under intense financial strain, pushing out…

SpaceX moved another 1,021 bitcoin on Wednesday, worth about $94.5 million. The transfer was split between two unlabeled addresses via Coinbase Prime custody. One address received 614 BTC, the other 407 BTC. This marks the ninth such transfer by SpaceX this year. Recent movements total around 8,910 BTC, valued near $924 million. Analysts say the company is consolidating its holdings and upgrading from legacy bitcoin addresses.  SpaceX’s bitcoin holdings were tagged on-chain by Arkham Intelligence. The company currently controls about 3,991 BTC, worth roughly $367 million at current prices. Holdings have fluctuated over the past several years.  The total once…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Chief Executive Officer (CEO) of Strategy, Phong Le, has revealed the company’s long-term approach to its staggering Bitcoin (BTC) holdings. According to the Strategy executive, the firm currently has no immediate plans to sell any of its 650,000 BTC soon. He emphasized that only dire circumstances could force a Bitcoin sell-off—a scenario he projects will not occur for at least 40 years.    Strategy CEO Confirms 40-Year Bitcoin Hold In an interview with CNBC on December 6, Le addressed questions about Strategy’s approach to Bitcoin and the…

The Federal Reserve cut its benchmark interest rate by 25 basis points today, lowering the federal funds target range to 3.50%–3.75%. The move marked the central bank’s third rate cut of the year and its first since October. The Federal Reserve said they made the cuts to support maximum employment and return inflation to 2%. Economic activity is expanding moderately, job gains have slowed, and inflation remains somewhat elevated, the Fed said. Most officials voted for the cut, with three dissenting—one preferring a larger cut and two preferring no change. Policymakers said the decision reflects easing inflation pressures and a…

Bitcoin infrastructure firm Blockstream’s CEO Adam Back has said that all companies become Bitcoin treasuries.He said that macro issues caused the price of Bitcoin to drop in recent months but remains upbeat about the cryptocurrency’s price trajectory.Back is also the CEO of Bitcoin Standard Treasury Company, which is still yet to go public.Blockstream boss and early cypherpunk Adam Back has said that we are still in the “very early stages” of adoption of the leading cryptocurrency and that all companies will become Bitcoin treasuries. Speaking to Yahoo Finance on Wednesday, the computer scientist said that Bitcoin is in the early…

Bitcoin’s price has declined by more than $2,000 in the last 24 hours. It dropped by some $500 in the past few minutes, and then recovered, right as the US Federal Reserve announced another rate cut – the third one for this year. It reduced the rates by 25 basis points (0.25%), while Powell also confirmed that they forecast one more cut in 2026. Apparently, the market was expecting a higher decrease of 50 basis points, which didn’t come, resulting in the current choppy price action. That said, the event was largely priced in, as Polymarket odds favoring a rate…

In 2025, the cryptocurrency industry entered a new phase, characterized by a surge in institutional participation. After years of caution and skepticism, large firms are now allocating meaningful capital to digital assets.But what changed for institutions to finally turn to an industry they once kept at arm’s length? BeInCrypto spoke with Aishwary Gupta, global head of Payments and Real-World Assets at Polygon Labs, to unpack the drivers behind this transformation. Gupta discusses why institutional inflows now dominate the market and what this shift means.Sponsored Institutions Now Dominate Crypto Inflows: Here’s WhyGupta noted that institutions now account for an estimated 95% of…

Bitcoin has surged sharply above $94,000, ending a multi-day stretch of flat trading between $88,000 and $92,000. The breakout arrived suddenly on December 9, accelerating within minutes and breaking the range that capped the market for nearly a week.Sponsored SponsoredWhale Accumulation and Short-Side Liquidations Drive the BreakoutTrading data shows heavy inflows into major institutional and exchange-linked wallets in the hour leading into the rally. Several high-volume custodial addresses accumulated thousands of BTC in a short window, indicating deep liquidity buyers moved first before the squeeze took hold. 🚨 BREAKING:HERE’S EXACT REASON WHY BITCOIN JUST PUMPED:BINANCE BOUGHT 7,298 BTCCOINBASE BOUGHT 3,412 BTCWINTERMUTE…