Bitcoin falls to $85500, clearing $400 million in 4 hours

BBX News: Yesterday, mainstream institutions continued to deepen their allocation of core encrypted assets Bank holdings: DBS Bank of Singapore (SGX: D05) has disclosed receiving 2000 ETH from Galaxy Digital, with a total disclosed cryptocurrency asset size exceeding $1.2 billion (including 159000 ETH and 7861 BTC). Mining companies increase holdings: American Bitcoin Corp (NASDAQ: ABTC) increases holdings of 261 BTC, with a total holding of 5044 BTC, implementing the "mining+treasury" strategy. ETH Treasury: BitMine (NYSE: BMNR) has revealed that its ETH holdings have reached nearly 3.97 million coins, consolidating its position as an enterprise level core holder of Ethereum. The institutional configuration path is further differentiated, with traditional finance and crypto native enterprises following their own paths. Source: bbx.com

Animoca Brands has signed a term sheet with GROW Investment Group, intending to strategically acquire a stake in GROW Investment Group's licensed Hong Kong subsidiary, GROW Asset Management (HK) Limited, with a maximum shareholding of up to 15%. The transaction is subject to the signing of a final agreement and regulatory approval. The two parties plan to build a platform offering both cryptocurrency and traditional financial products, targeting Asian family offices and ultra-high-net-worth individual clients. Animoca Brands will introduce crypto asset products, while GROW will provide traditional and alternative investment allocation solutions.

[Aether Games, a blockchain gaming studio previously backed by Mysten Labs, announces official shutdown] Blockchain gaming studio Aether Games has announced its official shutdown, citing reasons such as liquidity depletion caused by KOLs and partners breaching trust during the TGE, defaults by marketing agencies, high compliance and operational costs, and recent delisting risk notifications from major exchanges. The project team admitted the current lack of a sustainable business model for crypto gaming and will close its Discord channel to prevent scams. Back in May 2023, the project completed a $4.5 million equity financing round, with participation from Mysten Labs, Polygon, and others.

[Trump: Will Review the Case of Samourai Wallet Developer Keonne Rodriguez] U.S. President Trump stated during a White House press conference that he will review the case of Samourai Wallet developer Keonne Rodriguez. Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill were sentenced to five and four years in prison, respectively, on November 19 for charges related to cryptocurrency mixing protocols. Rodriguez and Hill had agreed in July to plead guilty to charges of operating an illegal money transmission business. Previously, Trump had pardoned Binance founder Changpeng 'CZ' Zhao and Silk Road founder Ross Ulbricht.

((FOREX.com)) Market Analyst Fawad Razaqzada previewed the US November non-farm payroll data, noting that the market expects weak employment data, around 50,000 jobs, and the unemployment rate may rise to 4.5%. Any downside surprise could lead to expectations of an earlier Federal Reserve rate cut, thereby supporting gold prices.