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A major trader placed a $1.74B Bitcoin options position targeting $100K-$112K by Dec. 26, dominating the expiry with 20,000 BTC in strikes.
Quick Take The CFTC is poised to have a larger role in regulating crypto as bills in both the House and Senate would give the agency broader authority over digital assets. “In order to hit the ground running, it is critical that the CFTC drives public engagement with the support of expert industry leaders and visionaries who are building the future,” Pham said on Tuesday.
Quick Take The CFTC has officially approved Polymarket’s return to the U.S. by issuing an Amended Order of Designation that lets the onchain predictions platform operate as a fully regulated intermediated exchange. Grayscale and Franklin Templeton’s new spot XRP ETFs led the market on debut, pulling in $67.4 million and $62.6 million in respective net inflows on Monday.
Quick Take A misconfigured multisig allowed a community member to execute the cap-increase transaction early, reopening deposits before the team intended. MegaETH now plans to offer withdrawals to users unsettled by the rollout, stating that all contracts remain secure despite the operational missteps.
Quick Take Fortune reported Paxos’ second acquisition of the year was for more than $100 million. Fordefi offers an institutional-grade multi-party computation (MPC) wallet solution that reportedly safeguards over $120 billion in monthly transaction volume.
- 06:12SpaceX plans to sell internal shares at an $800 billion valuation and aims to go public in the second half of next yearForesight News reported, citing Jinse Finance, that according to sources familiar with the matter, SpaceX is in negotiations to sell internal shares, a deal that would value Elon Musk’s rocket and satellite manufacturer at $800 billions. If confirmed, this new transaction would once again make SpaceX the world’s most valuable startup, surpassing the previous record valuation of $500 billions set by OpenAI in October. This valuation marks a significant increase compared to the per-share price of $212 set in July, when the company raised funds and sold shares at a $400 billions valuation. Two people familiar with the discussions revealed that SpaceX has informed investors and representatives of financial institutions that the company plans to conduct an initial public offering (IPO) in the second half of next year. The negotiations come as SpaceX is considering selling shares held by investors.
- 06:12Grayscale applies to convert Sui Trust into an ETF, plans to list and trade on NYSE ArcaForesight News reported that Grayscale submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) on December 5, 2025, applying to rename the Grayscale Sui Trust to Grayscale Sui Trust ETF. Currently, these shares are traded on the OTCQX market under the ticker symbol "GSUI". Once the registration statement attached to this prospectus becomes effective, the trust intends to list these shares on the New York Stock Exchange Arca (NYSE Arca), with the ticker symbol remaining "GSUI".
- 06:12Jupiter: HumidiFi's new round of public sale will restart at 23:00 on December 8, with anti-bot measures to be addedForesight News reported that Jupiter announced the new HumidiFi (WET) public sale will restart at 23:00 on December 8 (UTC+8). Jupiter will cooperate with the HumidiFi team to implement additional anti-bot measures. In addition, participants of the original public sale (December 4) will soon receive refunds.