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Shares of American Bitcoin Corp., the mining company tied to the family of US President Donald Trump, experienced a sharp decline on Tuesday, despite a broader recovery in the cryptocurrency market. The company faces continued challenges following a significant decrease in stock value over recent months.Sponsored SponsoredAmerican Bitcoin Corp. Faces LossesAs crypto markets rejoiced amid Bitcoin’s recent price recovery, American Bitcoin Corp. continued to see its shares slide. Google Finance reports that the Bitcoin mining company’s stock has dropped 37% in the last 24 hours, priced at $2.22 at the time of writing. Over the past six months, this decline has reached…

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from…

In brief Solana meme coin Rizzmas has surged over the past 24 hours. The most recent surge comes a year after the token hit a whopping $94.26 million market cap, during 2024’s festive meme coin bull run. The Rizzmas team says that it has big plans for December, including New York City billboards, to attempt to break last year’s high. Christmas is approaching, and Solana meme coin traders are getting into the festive spirit—with the Pump.fun-created token Rizzmas surging 54% to a market cap of $4.38 million on Tuesday, before pulling back slightly.Rizzmas soared to a $94.26 million market cap…

Key takeaways:The ETH futures premium and the put options skew indicate that traders are hedging aggressively despite an 8% price rebound.Ethereum’s weekly fees slid 49% amid weakened DEX activity, while Tron and Solana fees rose 9%.Ether (ETH) gained 8% on Tuesday but stalled near $3,000 as derivatives markets signaled doubt about further upside. The move tracked the broader cryptocurrency rally as traders priced in better odds of new economic stimulus, especially after stress in Japan’s government-bond market on Monday. ETH/USD (left) vs. Total crypto capitalization/USD (right). Source: TradingView / CointelegraphSentiment improved as investors grew more confident that US monetary policy…

US Representative Stephen Lynch pressed Federal Reserve Vice Chair Michelle Bowman on Tuesday over her past remarks encouraging banks to “engage fully” with digital assets, questioning the Fed’s role in advancing crypto frameworks while showing confusion over the definition of stablecoins.In a Tuesday oversight hearing, Lynch asked Bowman, the Fed vice chair for supervision, about remarks she had made at the Santander International Banking Conference in November. According to the congressman, Bowman said she supported banks “[engaging] fully” with respect to digital assets.However, according to Bowman’s comments at the conference, she referred to “digital assets” rather than specifically cryptocurrencies. The…

In brief The firm will open trading for funds holding Bitcoin, Ethereum, XRP and Solana, aligning crypto with other non-core assets it already supports. The move follows months of internal review and comes amid steady demand despite a broader market pullback. Vanguard previously sat out the rapid growth of spot U.S. Bitcoin ETFs, whose combined assets have climbed from $25 billion in early 2024 to about $125 billion. Vanguard is opening its brokerage platform to crypto-focused ETFs and mutual funds, abandoning a stance that had kept digital-asset products off its shelves for years.Beginning Tuesday, the firm will permit trading in…

In brief YZI Labs filed a consent statement with the SEC seeking major changes to management and the board at BNB treasury firm, CEA Industries. The filing asks other BNC shareholders to vote on four separate proposals, including those that would expand the board at CEA and potentially elect YZi Labs’ nominees. Shares of CEA Industries (BNC) have fallen 92% from its yearly high set shortly after its treasury was established in July. Binance co-founder Changpeng “CZ” Zhao and his investment firm, YZi Labs, filed a consent statement with the SEC that seeks crucial changes to the board and management…

Chainlink (LINK) is trading lower this week as sellers regain control. The price has slipped to around $12 at press time, following a 7% drop in the past 24 hours. Meanwhile, the focus now turns to whether it can stabilize or if the path lower toward $8 is now open. Breakdown Signals Weakness in Structure LINK lost support at the $15 level recently. That level marked the 0.618 Fibonacci retracement zone, often used to gauge trend strength. Since breaking below it, the price action has turned more bearish. LINK is now hovering below the former ascending channel that guided its…

In brief Rockstar Games co-founder Dan Houser warned that AI models scraping AI-generated data could trigger a creative breakdown in games. He warned that training AI on synthetic data would produce models that “mirror themselves” and degrade over time as original human work becomes harder to find. Houser said he “couldn’t see how the information gets better” as studios adopt tools built on increasingly self-referential datasets. Rockstar Games co-founder Dan Houser—one of the key figures who helped propel the popular Grand Theft Auto franchise—delivered a stark warning about the direction of generative AI in video games, arguing that models trained…

Vanguard, one of the world’s largest asset managers with roughly $11 trillion in assets under management, will begin allowing customers to trade cryptocurrency ETFs and mutual funds on its brokerage platform starting Tuesday, according to Bloomberg.”Cryptocurrency ETFs and mutual funds have been tested through periods of market volatility, performing as designed while maintaining liquidity,” Andrew Kadjeski, Vanguard’s head of brokerage and investments, told Bloomberg. “The administrative processes to service these types of funds have matured; and investor preferences continue to evolve.”Vanguard said it will support most crypto ETFs and mutual funds that meet regulatory standards, similar to how it treats…