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BitMine increased its Ethereum holdings by 102,259 coins last week, and Tom Lee believes the market has started to recover.

2025.12.15 21:34:00

December 15 — BitMine announced today that its combined holdings of cryptocurrency, cash, and "potential investment" assets total $13.2 billion, per official sources. As of 6:00 PM Eastern Time on December 14, the company’s holdings include: - 3,967,210 Ethereum (ETH) - 193 Bitcoin (BTC) - $38 million in equity of Eightco Holdings (NASDAQ: ORBS) - $1 billion in total cash BitMine Chairman and Fundstrat analyst Thomas "Tom" Lee noted: "BitMine continues to steadily build its Ethereum holdings, adding 102,259 coins over the past week. Crypto prices have stabilized in that period, further confirming the market has recovered from the October 10 price shock. "Several positive developments are unfolding in the 2025 digital asset space — including favorable U.S. congressional legislation, improved regulatory conditions, and growing Wall Street support. These factors reinforce our view that the crypto industry’s golden age remains ahead, which is why we’re continuing to increase our ETH holdings and advance toward our ‘5% Alchemy’ goal."
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Standard Chartered's subsidiary Anchorpoint has officially launched the first phase of the Hong Kong dollar stablecoin HKDAP.

Standard Chartered’s subsidiary Anchorpoint officially launched the first phase of its Hong Kong dollar stablecoin HKDAP on Wednesday, opening test access to institutional distributors and professional investors. Anchorpoint, a joint venture formed by Standard Chartered, HKT, and Animoca Brands, secured a stablecoin issuance license from the Hong Kong Monetary Authority (HKMA) in April this year, making it one of the first institutions to obtain such approval.

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US July unadjusted annual CPI rate comes in at 3.4%, in line with expectations.

US July unadjusted CPI rose 3.4% year-over-year, matching the 3.4% forecast and down from the prior 3.50%. Separately, US July unadjusted core CPI came in at 2.5% year-over-year, in line with the 2.50% expectation and lower than the prior 2.60%. US July seasonally adjusted core CPI posted a 0.2% month-over-month increase, meeting the 0.20% forecast, unchanged from the prior 0.00%.

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Following the release of CPI data, spot gold plunged $50 in a short period.

According to Bitget's market data, spot gold has plunged 50 USD in the short term, now quoted at 4399 USD per ounce.

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Alameda Research transferred $8.25 million worth of SOL to BitGo’s custodial wallet, reportedly for FTX creditor compensation.

According to Arkham’s monitoring, addresses linked to Alameda Research transferred a total of $8.25 million worth of SOL to BitGo’s custodial wallet via 24 transactions, with the transfers speculated to be used for compensating FTX creditors. Arkham data shows Alameda still holds over $200 million worth of SOL currently.

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New York City Council Investigates Four Major Prediction Market Platforms Including Polymarket, Focusing on Risks Related to Advertising and Forced Betting

The New York City Council is investigating the advertising practices of prediction market platforms Polymarket, Kalshi, Coinbase, and Titan, a prediction market platform under Gemini, as the prediction market industry faces new regulatory pressure. New York City Council Speaker Julie Menin has sent letters of inquiry to the four platforms as part of the legislative investigation, to assess whether existing city laws sufficiently protect residents from false or deceptive marketing. Additionally, the council is reviewing relevant policies to address issues such as prediction market products possibly inducing users to engage in "forced speculation" on event contracts. In its letter to Polymarket, the council noted that the investigation not only covers allegations against the platform but will also evaluate the prevalence of similar marketing practices across the entire prediction market industry and their potential social harms.

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Summary of Institutional Views on CoreWeave After Its Earnings Report: Overall Positive, 5 Firms Raise Price Targets

Wall Street analysts overall hold constructive views on AI dedicated computing cloud service provider CoreWeave’s Q2 results, which reached $2.575 billion in revenue, up 112% year-over-year. They attribute the company’s better-than-expected performance mainly to strong growth in demand for AI infrastructure and improved profit margins. Five analysts raised their price targets: Wells Fargo to $160 (overweight rating), Piper Sandler to $153 (overweight rating), Baird to $130 (outperform the market rating), citing growth in net new active megawatts, strong Q3 bookings, and diversification of enterprise AI applications. JPMorgan and Mizuho maintained neutral ratings while slightly lifting their price targets to $120 and $115 respectively, noting that while Q2 margins improved, near-term revenue upside still faces uncertainty.

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