Crypto started the week deep in the red. Major coins like Bitcoin and Ethereum saw significant drops. A few altcoins, however, managed positive gains. JPMorgan launched a tokenized fund on Ethereum. U.S. crypto legislation faced a delay in the Senate. Coinbase and Robinhood joined a new government tech initiative. MetaMask now supports native Bitcoin transactions. PayPal applied for a bank charter in Utah. Trump commented on a potential pardon for a wallet developer. Grayscale downplayed quantum
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Bitcoin stayed above $85,000. But spot ETF demand is cooling off. They saw significant money leaving recently. This and typical year-end market swings are challenging the short-term optimism. The big question is if this marks a real shift away from Bitcoin.
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mETH Protocol is launching a major upgrade. It uses Aave's ETH market for better liquidity. This allows faster ETH redemptions for users. They can now access competitive on-chain and institutional yields more easily. The protocol is a top ten liquid restaking provider. Its peak total value locked has reached $2.19 billion.
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