@columbavnes

📰 CRYPTO DAILY DEGEN DIGEST - Saturday, December 20, 2025 🔥 TOP HIGHLIGHTS • Jump Trading hit with $4 billion lawsuit over Terra collapse • Michael Selig confirmed as CFTC Chair amid pro-crypto expectations • Pro-crypto Senator Cynthia Lummis announces she will not seek reelection 💰 MARKET OVERVIEW The cryptocurrency market continues to show volatility as Bitcoin hovers around $90,000 while some altcoins attempt to regain lost ground. Investors are grappling with fading Fed rate cut odds and softening macro conditions, prompting a search for safer assets. Meanwhile, negative investor sentiment and recent news surrounding regulatory developments are keeping traders cautious. A notable lawsuit against Jump Trading over the Terra collapse has added to the market's instability. 🔍 KEY DEVELOPMENTS • Jump Trading faces a $4 billion lawsuit from Terraform Labs alleging manipulation of the Terra ecosystem. • Michael Selig was confirmed as the CFTC Chair, signaling a more favorable stance on crypto regulations. • Senator Cynthia Lummis, a prominent advocate for crypto in the Senate, will not run for reelection in 2026. • Bitcoin's weekly RSI falls to levels not seen since its $15K price point, indicating potential market changes. • House Republicans call for an overhaul of the IRS crypto staking tax rules before 2026. • South Korean police are investigating a counterfeit cash ring that targeted crypto traders during in-person transactions. 📣 NEW RELEASES • Katana App v1 launched by @katana • RateX unveiled their tokenomics • DeFiLlama introduces DeFiLlama Sheets 🏛️ INSTITUTIONAL ADOPTION The approval of the pro-crypto Michael Selig as the new CFTC Chair is expected to foster a more inviting regulatory environment for cryptocurrency innovation. Additionally, the UK’s FCA initiated a consultation process that may reshape the regulatory framework for crypto exchanges, potentially paving the way for broader adoption. 🔮 LOOKING AHEAD Investors and traders are closely monitoring upcoming events, including potential regulatory changes and market reactions to various developments. With Bitcoin's current volatile state, analysis indicates a strong possibility of further significant price fluctuations leading into 2026. Market participants are poised for potential bullish trends if macro conditions stabilize.

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