Kazakhstan requests the Bank for International Settlements to legalize Bitcoin and cryptocurrency
--
Kazakhstan has officially submitted a request to the Bank for International Settlements to legalize Bitcoin and cryptocurrencies as new global reserve currencies. （The Bitcoin Historian）
[Analyst Says Bitcoin Can Continue Upward Without Waiting for Precious Metals to Pull Back]
On December 28, analysts stated that Bitcoin does not need to wait for gold and silver to pull back in order to continue its upward trend. Glassnode Chief Analyst James Check believes this view is unpopular and pointed out that those who think Bitcoin needs to wait for precious metals to pull back do not truly understand these assets. Macroeconomist Lyn Alden also stated that Bitcoin and gold are not in a competitive relationship, and Bitcoin's recent strong performance is due to its stagnation last year, while gold performed brilliantly. Several industry executives predict that Bitcoin's downward trend may reverse in 2026. Bitwise Chief Investment Officer Matt Hougan said Bitcoin will rise next year, and Jan3 founder Samson Mow predicted that Bitcoin may enter a decade-long bull market.
[Swing Whale 'pension-usdt.eth' Increases Short Position by 6,048 ETH]
On December 28, swing whale 'pension-usdt.eth' increased its short position by 6,048 ETH, bringing the total position size to 26,048 ETH, approximately $76.64 million. The opening price was $2,926, with a current unrealized loss of $420,000.
[Coinbase Report States Crypto Market Shifting to Structural Drivers, Three Key Areas to Dominate Future Development]
The latest report from Coinbase Institutional indicates that the crypto market is transitioning from traditional boom-and-bust cycles to a model driven by structural forces, with market activity increasingly concentrated in a few key areas. The report predicts that perpetual futures, prediction markets, and stablecoins with payments will become the three core areas dominating the operation of the crypto market by 2026, significantly impacting the industry's long-term development.
[Probability of Fed Rate Cut in January Next Year Rises to 17.7%]
On December 28, according to CME 'FedWatch' data, the probability of the Federal Reserve cutting interest rates by 25 basis points in January next year slightly rose to 17.7%, while the probability of maintaining rates unchanged stands at 82.3%. The probability of the Fed keeping rates unchanged through March next year is 46.7%, the cumulative probability of a 25 basis point rate cut is 45.6%, and the cumulative probability of a 50 basis point rate cut is 7.7%. The dates for the next two FOMC meetings are January 28, 2026, and March 18, 2026.
[El Salvador increased its Bitcoin holdings by 8 BTC in the past 7 days, bringing the total to 7,514.37 BTC]
El Salvador has increased its Bitcoin holdings by 8 BTC over the past 7 days, bringing its total Bitcoin holdings to 7,514.37 BTC. Based on the current price, the total value is approximately $658 million.