💥 Solana Liquidity Drops, Singapore Leads Crypto Adoption

Good afternoon,

Markets jolted after the Fed’s quarter-point rate cut collided with cautious guidance on future easing, sending Bitcoin and Ethereum on a volatile swing. Meanwhile, U.S. tech giants unveiled a new Agentic AI alliance to counter China’s open-source momentum, Solana liquidity fell to bear-market lows, and Singapore emerged as the global leader in crypto adoption.

Let’s dive into the latest. 👇

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News Roundup

Artificial Intelligence

• U.S. War Department Deploys Google’s Gemini AI Across the Military (Decrypt)

• U.S. Tech Giants Form Agentic AI Foundation to Counter China’s Open-Source Lead (Decrypt)

• AI Chatbots Can Sway Voters, Studies Show (Decrypt)

• EU Probes Google for Potential Antitrust Violations in AI Training Practices (Decrypt)

• ChainOpera AI and Princeton AI Lab Launch Expert-Level Crypto AI Benchmark (ChainOpera AI)

• Tether Launches Privacy-First Health App as AI Expansion Accelerates (CoinDesk)

Decentralized, Centralized, & Traditional Finance

• Saylor Tells Middle East to Pursue Bitcoin Banking Leadership (CoinDesk)

• KindlyMD Secures $210M USDT Loan From Kraken (The Block)

• Superstate Opens Door for Tokenized Stock Capital Raises (The Block)

• UK FCA Makes Sterling Stablecoins a 2026 Priority (DL News)

• Stripe Acquires Valora Team to Accelerate Stablecoin Expansion (The Block)

• Fed Cuts Rates 25 bps as Growth Moderates and Labor Risks Rise (FRB)

Exchanges

• Japan to Mandate Liability Reserves for Crypto Exchanges (Cointelegraph)

• Upbit Moves to 99% Cold Storage After Major Hot Wallet Hack (Upbit)

Exchange-Traded Funds

• New “After Dark” ETF Targets Bitcoin’s Overnight Gains (Decrypt)

• U.S. Bitcoin spot ETFs saw $152 million in net inflows on Dec. 9.

• On Dec. 9, U.S. Ethereum and Solana spot ETFs also posted net inflows, bringing in $178 million and $16.54 million respectively.

• U.S. XRP spot ETFs recorded $8.73 million in net inflows on Dec. 9.

Infrastructure

• Brevis Partners With Aster to Bring ZK-Verified Computation to Multi-Chain Trading (Brevis)

• Amazon Ramps Up India Bet With Additional $35B Investment (TechCrunch)

• Sei Partners With Xiaomi to Pre-Install Crypto Wallet and Enable Global Stablecoin Payments (Sei)

Markets

• Coinbase Says Crypto Leverage Reset Signals a Healthier Market (Coinbase)

• Solana Liquidity Resets to Bear-Market Levels as $500M in Longs Sit Near Liquidation (Decrypt)

• GameStop’s $500M Bitcoin Bet Swings With Market Volatility (DL News)

• Spot Trading Volume Dropped Sharply in November (Wu Blockchain)

• Bitcoin and Ether Whipsaw as Fed Cut Fuels Caution (The Block)

Meme Coins

• Trump Meme Coin Launches Play-to-Earn Game With $1M in Rewards (Crypto Briefing)

Politics & Regulation

• Sen. Cory Booker Warns Crypto Bill Could Stall Without Bipartisan SEC/CFTC Oversight (Decrypt)

• SEC Chair Atkins Says Most ICOs Fall Outside SEC Oversight (Decrypt)

• SEC Chair Atkins Teases Rapid 2026 Crypto Rulemaking Push (The Block)

• Teachers Union Urges Senate to Scrap Crypto Bill (Decrypt)

• Trump Begins Final Fed Chair Interviews (Reuters)

• Rep. Keith Self Pushes CBDC Ban After Omission From Defense Bill (Decrypt)

• Judge Pauses Connecticut Crackdown on Kalshi (The Block)

Treasuries

• Zcash Founder Zooko Wilcox Joins Cypherpunk Technologies as Advisor (Decrypt)

• Bitcoin Treasury XXI Drops on NYSE Debut Despite Bullish BTC Market (The Block)

• Vivek Ramaswamy’s Strive Launches $500M Raise to Buy More Bitcoin (Cointelegraph)

• American Bitcoin and ProCap Boost Holdings Amid Market Volatility (Bitcoin Magazine)

• Bitcoin Treasury Firm Twenty One Capital Sinks on NYSE Debut (Decrypt)

• Animoca and Solv Partner to Expand Corporate Bitcoin Adoption in Japan (The Defiant)

• Strategy Urges MSCI to Drop Plan to Exclude Bitcoin Treasury Firms (Strategy)

Venture Capital

• Cascade Raises $15M to Build 24/7 Perps Neo-Brokerage for Any Asset Class (The Block)

• Crypto-Specialized AI Startup Surf Raises $15M (The Block)

Other News

• Hackers Use Binance Co-CEO Yi He’s WeChat to Pump Memecoin (CoinDesk)

• Dormant Silk Road Wallets Suddenly Move $3.1M in Bitcoin (The Block)

• Singapore Tops Global Crypto Adoption in New Bybit Report (DL News)

• Vitalik Warns Musk’s X Is “Undermining Free Speech” (Vitalik Buterin)

• SpaceX Moves Another $95M in BTC Amid 2026 IPO Plans (The Block)

• Polymarket Trader Turns $3K Into $125K on Surprise ‘Most Googled Person’ Bet (Decrypt)

Check This Out!

Polymarket drew roughly 19.9 million visitors in November — surpassing traffic to betting giants DraftKings and FanDuel, according to SimilarWeb.

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