Bitcoin Falls, DTCC Chooses Solana for Tokenization Expansion, and More – Weekly Recap

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27 minutes ago

Bitcoin Price Crashes Below $68K as Crypto Liquidations Hit $1.6B

Bitcoin’s sell-off intensified as the cryptocurrency plunged to a nearly three-month low of $67,500, extending its November losses beyond 11%.

Bitcoin Falls, DTCC Chooses Solana for Tokenization Expansion, and More – Weekly Recap

Editor’s comment:

Bitcoin, like it almost always does, has once again made everyone confused and uncertain as to what the next market move will be. Despite the despair and the seemingly dramatic correction, BTC is sitting directly on top of its 200-week simple moving average, often a fantastic support and buying opportunity.

Tether Builds $4.8B US Stock Portfolio Across 13 Companies

Tether has built an estimated $4.8 billion portfolio across 13 U.S.-listed companies, according to a Protos review of SEC filings.

Bitcoin Falls, DTCC Chooses Solana for Tokenization Expansion, and More – Weekly Recap

Editor’s comment:

Tether, as the main incumbent under threat of being overtaken by more regulated firms, continues to expand its tentacles in various assets and businesses. This week, the firm cleared an audit from KPMG, which counted every gold bar in a $2.24 billion inspection.

Trezor Confirms Spy Implants in 3 Hardware Wallets, Cuts Resellers by 80%

Trezor reported the discovery of three tampered Safe 5 wallets, an approximately 80% reduction in resellers, and a firmware update blocking the identified implants.

Bitcoin Falls, DTCC Chooses Solana for Tokenization Expansion, and More – Weekly Recap

Editor’s comment:

Black October, Black November, Black 2027, etc. The reality is that for now, essentially nothing is safe and a reasonable amount of paranoia will likely pay off for the next several months, at least. Eventually, we can expect to see better security solutions and protocols emerge.

DTCC to Bring Tokenized Securities to Solana, Expanding $114T Custody Giant’s Reach

The Depository Trust & Clearing Corporation (DTCC) plans to extend its recently launched tokenization service to Solana in 2027, adding another…

Bitcoin Falls, DTCC Chooses Solana for Tokenization Expansion, and More – Weekly Recap

Editor’s comment:

As discussed on the last episode of Token Narratives, the large institutions aren’t exactly going all-in on Ethereum and the proposed benefits of decentralization. However, as liquidity, market cap, and volume requirements get larger, many smart people argue that it will eventually have to migrate elsewhere.

Donald Trump Jr. Exits Kalshi Role as Democrats Plan to Scrutinize Family Crypto Ties

Donald Trump Jr. is leaving his advisory position at prediction market platform Kalshi following his firm’s major investment in rival Polymarket, as Democrats prepare…

Bitcoin Falls, DTCC Chooses Solana for Tokenization Expansion, and More – Weekly Recap

Editor’s comment:

As expected, the Trump family is lowering its profile in anticipation of whatever the Democrats are about to throw at them; lawsuits, investigations, bad publicity, and more. We will most likely see more passing of the baton from the Trumps to other individuals in an effort to protect their various crypto projects and assets.

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