Crypto majors were generally lower, falling 2-4%, with BTC down 2% to $91,400, ETH down 2% to $3,130, BNB down 2% to $893 and SOL down 4% to $136, while ZEC (+4%) and TRX (+2%) were the day’s leaders. BlackRock CEO Larry Fink said sovereign wealth funds have been steadily building Bitcoin, adding that they “bought more” as BTC fell from $126K to $80K to build long-term positions. The IMF warned that increasing adoption of stablecoins could weaken central banks’ control in a new report examining currency substitution and monetary sovereignty risks. Solana and Coinbase’s Base network were connected via a new bridge secured by the Chainlink and Coinbase infrastructure. The CFTC also approved spot crypto trading on CFTC-registered exchanges, with Bitnomial set to debut first. In Britain, Reform UK received the largest ever political donation from a living donor: an $11.4 million contribution from an investor linked to Tether. Meanwhile, recent research has shown that the outflow of approximately $4 billion from Bitcoin ETFs in the October-November period was mainly due to the loss of basic trading at major funds, rather than investor panic.
