Coinbase sets surprise product launch, solo Bitcoin miner beats 30,000-to-1 odds, Tether eyes Juventus purchase | Weekly Recap

The cryptocurrency market experienced a significant sell-off as a change in the Federal Reserve chair under the Trump administration unsettled traders, compounded by increasing macroeconomic challenges in the U.S. This led to a risk-off sentiment among investors, resulting in declines for Bitcoin and altcoins.

Galaxy Digital's Head of Research, Alex Thorn, asserts that Tether's global reach and profitability are significantly underestimated, highlighting the company's expanding business interests and its substantial multibillion-dollar surplus despite ongoing scrutiny.

As 2025 comes to a close, Bitcoin's early movements have slowed significantly, with only eight block rewards from 2010 being utilized. This stagnation reflects a broader trend in the cryptocurrency market, where trading activity appears to be consolidating.

Nasdaq is exploring the possibility of extending its trading hours to 23 hours a day in response to increasing investor demand, particularly in the cryptocurrency sector where trading occurs around the clock. This move acknowledges that many clients are already active during overnight hours, reflecting a shift in trading behavior influenced by the crypto market.

Michael Saylor, the executive chairman of Strategy, has made headlines by purchasing nearly $1 billion worth of Bitcoin. However, shortly after this significant investment, the value of Bitcoin experienced a 4% decline, raising concerns about market volatility and the timing of such large acquisitions.

Fidelity has issued a cautionary outlook on the cryptocurrency market as it approaches 2026, highlighting short-term risks for investors while suggesting that long-term holders may still find opportunities to enter. This perspective reflects a significant shift in the crypto landscape, where volatility and uncertainty prevail.

Bitcoin's price has slid to $86,000, significantly below its recent trading range, as concerns over slower rate cuts and issues in the AI stock market weigh heavily on investor sentiment. This decline is part of a broader downturn affecting the cryptocurrency market, with many assets experiencing increased sell pressure.

Coinbase is set to unveil significant updates, including tokenized assets and onchain AI agents, as part of its strategic pivot to redefine its business model in the cryptocurrency sector. This milestone reflects the company's commitment to innovation and adapting to evolving market demands.