Solana could see massive gains in 2026 as real-world adoption accelerates and a sweeping core protocol upgrade moves closer to mainnet deployment.
Ethereum (ETH) is finishing December with dull price action as on-chain and institutional indicators suggest a further buildup by big investors. Although the momentum has slowed, data sources indicate continued buying by high-capital participants. Large ETH Holders Increase Positions On-chain data shows a rapid rise in ETH balances held by wallets controlling between 10,000 and 100,000 tokens. Combined holdings for this group rose from roughly 17–18 million coins to more than 21 million ETH within a short period. The speed of the increase stands out when compared with earlier market phases. Crypto analyst Joseph Young noted that “ whale accumulation of ETH is at an ALL-TIME HIGH. ” The data suggests this accumulation is taking place outside of peak price conditions. This group of holders is typically linked to funds, long-term entities, and high-net-worth participants rather than short-term traders. gm whale accumulation of ETH is at an ALL-TIME HIGH. conviction capital sees ethereum: > securing 68.2% of all DeFi TVL > DATs aggressively stacking ETH > issuing 64.44% of all stablecoins > institutions like JPM building directly on ethereum believe in ETH. pic.twitter.com/h99psHjHQR — Joseph Young (@iamjosephyoung) December 24, 2025 Meanwhile, Ethereum continues to account for most on-chain financial activity. Conviction Capital data shows the network holds 68% of total DeFi value locked and issues over 64% of all stablecoins. Large financial firms, including JPMorgan, are also building infrastructure directly on Ethereum, adding to long-term usage of the network. Recent disclosures point to growing institutional exposure to Ethereum. Tom Lee’s firm, Bitmine Immersion Technologies, added 98,852 ETH to its balance sheet over the past week. According to Maartunn, ETH purchases linked to Lee totaled approximately $953 million this month, exceeding the amount recorded in November. ETH Supply on Exchanges Keeps Falling CryptoQuant data shows Ethereum exchange reserves declined from about 20.8 million tokens to around 16.4 million over the past year. This reflects net outflows of roughly 4.4 million ETH from centralized trading platforms. Ethereum Exchange Reserve 24.12. Source: CryptoQuant The reduction in exchange balances continued even during recent price pullbacks. This suggests ETH is being moved into self-custody, staking contracts, or long-term storage rather than prepared for immediate sale. When viewed alongside rising whale balances, the data points to steady supply absorption. Price Holds Near Key Technical Levels Ethereum is trading at about $2,940, with modest weekly gains and lower daily momentum. Analysts note that the price is approaching the 200-week exponential moving average, a level often watched during extended consolidations. CryptoPulse stated that “a strong bounce from that level would help maintain the structure,” while a loss could open a move toward the $2,000–$2,100 range. Separately, CryptoWZRD also noted that holding above $3,060 could allow short-term upside, while $2,800 remains a key support zone. The post Ethereum Whales Stack Millions of ETH Despite Slow Price Action appeared first on CryptoPotato .
XRP’s price action has remained subdued in recent months, testing the patience of both traders and long-term investors. While short-term charts continue to reflect hesitation and compressed volatility, higher-timeframe indicators are beginning to tell a very different story. For seasoned market watchers, it is often these quiet moments that precede the most consequential phases of a cycle. A recent observation shared by STEPH IS CRYPTO on X has drawn renewed focus to XRP’s long-term technical structure. Steph highlighted a rare signal on the three-week chart that has appeared only once before in XRP’s trading history, making it a development that long-term holders cannot easily ignore. A Rare Signal on a High Timeframe On the three-week timeframe, XRP’s Stochastic RSI has dropped to 0.00. This is an extreme reading that rarely occurs on such a high timeframe, where indicators move slowly and reflect broad market forces rather than short-term sentiment. According to Steph, the last time this exact condition appeared was at the 2022 bear market bottom. At that point in the cycle, XRP was not entering a speculative rebound. Instead, it transitioned into a prolonged accumulation phase, where price stabilized, volatility faded, and supply gradually shifted into stronger hands before the next major move higher. This $XRP chart is interesting for one reason. On the 3-week timeframe, the Stochastic RSI has dropped to 0.00. That’s extremely rare and has only happened once before — at the 2022 bear market bottom. On such a high timeframe, this indicator only reaches zero when… pic.twitter.com/vNhoTXNewi — STEPH IS CRYPTO (@Steph_iscrypto) December 23, 2025 What a Zero Stochastic RSI Actually Means A Stochastic RSI reading at zero does not imply that price must reverse immediately. Rather, it signals that selling momentum has been fully exhausted. On higher timeframes, this exhaustion reflects a structural slowdown in downside pressure, not a temporary pause caused by oversold conditions on lower charts. Steph emphasized that when this indicator reaches zero on a multi-week timeframe, it usually indicates that bearish momentum has dried up. Price may continue to consolidate, but the probability of aggressive downside continuation becomes increasingly limited. Accumulation Over Distribution One of the most important implications of this signal is what it suggests about market behavior beneath the surface. Rather than widespread distribution, the data points toward long-term holders absorbing available supply. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Historically, this type of environment tends to form near cycle lows, when speculative interest is muted, and conviction-driven accumulation quietly increases. This pattern has been a defining feature of XRP’s previous major bottoms, where extended consolidation ultimately laid the groundwork for explosive upside once broader market conditions improved. A Cycle-Level Indicator, Not a Trading Signal It is critical to view this development through a long-term lens. Signals like this are not designed for short-term trades or precise market timing. Instead, they help define where an asset sits within its broader cycle. As Steph noted, these conditions tend to mark structural lows rather than short-lived opportunities. As XRP continues to trade within a compressed range, the reappearance of this rare high-timeframe signal suggests the market may be closer to exhaustion than to renewed decline, reinforcing the case for patience over prediction. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst: This XRP Price Chart Is Interesting for One Reason appeared first on Times Tabloid .
Bitcoin’s price on Wednesday stands at $87,234, with a market capitalization of $1.74 trillion, reflecting a cautious tone heading into Christmas Eve as 24-hour trading volume clocks in at $36.90 billion and the intraday range stays boxed between $86,713 and $88,091. The numbers suggest bitcoin is pacing itself rather than sprinting, as traders digest mixed
XDC Network price faced rejection at the $0.051 resistance on December 20, 2025, entering a short-term consolidation phase after a bearish long-term trend. Key levels to monitor are $0.045 support and $0.051 resistance, with potential for continuation lower unless bullish momentum builds. XDC Network price shows bearish structure on daily charts, confirmed by a lower [...]
Polymarket has confirmed that a recent wave of wallet drains affecting user accounts was caused by a security vulnerability tied to a third-party authentication provider, following days of complaints from users who said their balances were emptied after unexplained login attempts. The decentralized prediction market platform said the issue has now been fixed and that there is no ongoing risk, though it has not disclosed how many users were affected or the total value of funds lost. Polymarket said that multiple user accounts recently suffered fund losses due to a security vulnerability in a third-party authentication service. The issue has been fixed and no ongoing risk remains. Some users reported on social media that their funds were drained after… — Wu Blockchain (@WuBlockchain) December 24, 2025 Login Emails, Empty Accounts: Polymarket Users Describe Sudden Fund Losses Reports of suspicious activity began circulating earlier this week on X and Reddit, where several users described receiving multiple login notification emails despite not attempting to access their accounts. In multiple cases, users said they logged in hours later to find their positions closed and balances nearly zero. One Reddit user wrote that three login attempts were flagged while their email and other online accounts showed no signs of compromise, adding that their Polymarket funds were drained at the same time the login emails were sent. Another user provided a detailed account suggesting the breach may have involved weaknesses in the platform’s one-time password system at the time of the incident. A bunch of people reporting their polymarket accounts using magic link were drained. Possibly an ongoing security issue with magic link (though can never rule out user error / phishing). A few from discord posted below but I've seen more reports. pic.twitter.com/hQkyzJdE6V — Spreek (@spreekaway) December 23, 2025 According to the user, the login codes were only three digits long and may have been vulnerable to brute-force attempts. The user noted that shortly after the incident, Polymarket appeared to increase the OTP length to six digits, though the company has not publicly commented on that specific claim. if you have ever used or downloaded this @Polymarket trading bot, move your funds to a new wallet immediately this repo called simone46b/polymarket-trading-bot contains a malicious npm package called polystream/streaming, it pretends to be a sha256 validation utility, but it is… — Saurav (@0x_saurav) December 22, 2025 User reports have pointed to a common thread among affected accounts. Several said they had signed up through Magic Labs, a popular onboarding service that allows users to log in with email addresses and automatically creates non-custodial Ethereum wallets. Magic Labs is widely used by newer crypto users who do not already manage their own wallets. While Polymarket did not name the authentication provider involved, it acknowledged in a message posted to its official Discord channel that the vulnerability originated from a third-party service. Source: Polymarket Discord The platform said it would contact impacted users directly but did not offer details on reimbursements or recovery options. Third-Party Breaches Keep Haunting Crypto Platforms The incident is not the first time Polymarket has faced security-related concerns tied to external services. In September 2024, users who logged in through Google accounts reported wallet drains involving unauthorized proxy transactions that moved USDC funds to phishing addresses. At the time, Polymarket investigated the events as potentially targeted exploits linked to third-party authentication tools. More recently, a phishing campaign that abused the platform’s comment sections resulted in losses exceeding $500,000 after users were redirected to fake login pages. The breach comes amid a broader rise in third-party security failures across the crypto and technology sectors. This week, crypto tax software firm Koinly warned users that email addresses may have been exposed following a breach at Mixpanel, an analytics provider it previously used. @KoinlyOfficial warns a third-party breach may have exposed user emails but stresses that no wallet, transaction, tax, or portfolio data was shared with Mixpanel. #CryptoSecurity #CryptoTax #Koinly https://t.co/ASDxMchfyg — Cryptonews.com (@cryptonews) December 23, 2025 Koinly reported that no financial/tax information had been breached and that it no longer uses the service. Elsewhere, Swiss crypto platform SwissBorg released a report of a loss of 41 million earlier this year following a compromise by attackers of an API provider, and Discord and a number of DeFi protocols have also reported attacks related to external vendors. SwissBorg hit by $41.5M $SOL hack after API compromise amid cascade of crypto security failures, including Nemo and Aqua exploits. #CryptoHack #Solana https://t.co/ztUl2s0yxv — Cryptonews.com (@cryptonews) September 8, 2025 A consistent warning that security researchers have given is that the use of third-party infrastructure can increase attack surfaces, particularly with crypto platforms growing. The post Polymarket Hack: Third-Party Vulnerability Drains User Funds appeared first on Cryptonews .
Wallets tied to Aleksey Bilyuchenko moved 1,300 Bitcoins worth about $114 million to unidentified platforms over the past week, according to Arkham analyst Emmett Gallic. Aleksey is connected to the Mt. Gox breach and the operation of BTC-e, and these same wallets still control 4,100 Bitcoins valued near $360 million, while 2,300 Bitcoins have already been sold as of press time. This latest development adds to a case that stretches back more than a decade, as Aleksey faces U.S. charges tied to the laundering of crypto connected to these historic exchange crimes. Source : Arkham/X BTC-e handled billions while running outside U.S. rules The US Secret Service records from June 7, 2023 said Aleksey worked with Alexander Vinnik and others to operate BTC-e from 2011 until its shutdown by US DOJ in July 2017. During those 6 years, BTC-e was one of the world’s largest crypto exchanges, serving more than one million users worldwide. Prosecutors say BTC-e received proceeds tied to computer intrusions, hacking incidents, ransomware events, identity theft schemes, corrupt public officials, and narcotics distribution rings. The exchange operated without a license and without required controls. Aleksey is charged with money laundering conspiracy and operating an unlicensed money services business, according to court filings by the DOJ. From September 2011 through at least May 2014, the group caused the theft of roughly 647,000 Bitcoins, which is most of the Bitcoins held for Mt. Gox customers . Prosecutors say that the stolen Bitcoin was laundered mainly through addresses linked to accounts Aleksey and his group controlled at two other online exchanges identified in the filings as Exchange-1 and Exchange-2, along with a specific Mt. Gox user account. In April 2012, Aleksey and Verner negotiated a fraudulent Advertising Contract with a Bitcoin brokerage based in the Southern District of New York. Under the contract, the brokerage made large wire transfers to offshore bank accounts, including accounts held by shell companies controlled by the group. Between March 2012 and April 2013, the broker sent more than $6.6 million overseas. In return, the brokerage received credit on Exchange-1. Through that access, the group laundered more than 300,000 Bitcoins taken from Mt. Gox . The Advertising Contract served as a cover that allowed the stolen Bitcoin to be concealed and liquidated. Former U.S. Attorney Damian Williams said , “As alleged, Alexey Bilyuchenko and Aleksandr Verner thought they could outsmart the law by using sophisticated hacks to steal and launder massive amounts of cryptocurrency, a novel technology at the time, but the charges unsealed demonstrate our ability to tenaciously pursue these alleged criminals, no matter how complex their schemes, until they are brought to justice.” Join Bybit now and claim a $50 bonus in minutes
The crypto market is trading lower today, with total market capitalization slipping by 1.1% over the past 24 hours to $3.02 trillion, according to market data. The pullback comes amid broad weakness across major assets, while trading activity remains elevated, with 24-hour volume at $98.49 billion. TLDR: Crypto market cap fell 1.1% to $3.02T, with broad losses across major assets; Galaxy Research says Bitcoin has not truly cleared $100K when adjusted for inflation; BTC is consolidating near $87K, with key support at $85K–$86K and downside risk toward $80K; Market sentiment remains weak, with the Fear & Greed Index at 27 (fear); US spot Bitcoin ETFs saw $188.6M in net outflows on Dec. 23, led by BlackRock’s IBIT; US spot Ether ETFs also recorded outflows of $95.5M, reversing the prior day’s inflows; Institutional activity continues, with Bitmine adding nearly $1B worth of ETH in December. Crypto Winners & Losers At the time of writing, most of the top 10 cryptocurrencies by market capitalization are in the red over the past day. Bitcoin (BTC ) is trading at $86,780, down 0.8% over the last 24 hours, though it remains slightly higher on the weekly timeframe. Bitcoin’s market cap stands at approximately $1.73 trillion, maintaining its dominant position despite the broader downturn. Ethereum (ETH) has fallen 1.5% to $2,919, with its market capitalization sitting near $352 billion. Among the largest declines in the top 10, Solana (SOL) dropped 2.3% to $121.36, while BNB (BNB) slipped 1.6% to $835.76. XRP (XRP) also declined 1.8%, trading at $1.85. Dogecoin (DOGE) is down 2.2% on the day, changing hands at $0.1274, while Cardano (ADA) recorded one of the sharpest losses among large caps, falling 2.3% to $0.3554. Outside the majors, select tokens posted gains. SQD led the market with a 43.7% surge, followed by Quantum Resistant Ledger , which climbed 31%, and pippin, up 21.8%, standing out as notable outperformers amid an otherwise risk-off session. Meanwhile, Galaxy Research has said Bitcoin may have printed new highs in nominal terms, but it has yet to truly clear the $100,000 mark once inflation is taken into account. Bitcoin may have printed new highs in nominal terms, but it has yet to truly clear the $100,000 mark once inflation is taken into account. #Bitcoin #Inflation https://t.co/dsCimbcLQG — Cryptonews.com (@cryptonews) December 24, 2025 Galaxy’s head of research, Alex Thorn, said Tuesday that Bitcoin never crossed six figures when adjusted for inflation using 2020 dollars, despite the asset reaching an all-time high above $126,000 in October. Bitcoin Dominance Rises as Altcoins Face Year-End Pressure Bitcoin’s share of the crypto market continues to climb as trading activity slows toward year-end, keeping altcoins under sustained pressure, according to Wintermute’s latest market update. The report said capital rotating is out of smaller tokens and back into Bitcoin and Ethereum, dampening expectations for an altcoin rally typically seen after strong Bitcoin moves. The broader market remains weak, with Bitcoin slipping below $87,000 and Ethereum trading near $3,000 over the past 24 hours. Altcoins posted steeper losses, led by the NFT sector, which fell more than 9% as risk appetite faded. Earlier in the week, heavy volatility triggered roughly $600 million in liquidations on Monday, followed by another $400 million on both Wednesday and Thursday. Wintermute data confirms retail rotation from altcoins to Bitcoin and Ethereum as dominance climbs and supply pressure mounts into year-end. #Bitcoin #Ethereum https://t.co/NFbUk9dKHx — Cryptonews.com (@cryptonews) December 24, 2025 Despite a partial rebound toward $90,000 , Bitcoin’s price action has stayed constrained. Open interest in Bitcoin and Ethereum perpetuals dropped by a combined $5 billion, reducing leverage but leaving markets exposed to sharp moves amid thin liquidity. Traditional financial players continue entering the space despite recent market volatility, providing a more durable foundation for future growth. Bitmine added another 67,886 ETH worth $201 million to its treasury, bringing total December purchases to approximately $953 million. Levels & Events to Watch Next At the time of writing on Tuesday, Bitcoin is trading near $86,926, down roughly 0.6% on the day. Earlier in December, BTC attempted a rebound toward the $92,000–$94,000 zone but failed to hold momentum, resuming its broader downtrend that began after peaking above $120,000 in October. Over the past several weeks, Bitcoin has moved within a declining range, with repeated rejections below $90,000 and growing selling pressure on rallies. The chart shows BTC breaking below several short-term support levels in November, with buyers now defending the $85,000–$86,000 area. A sustained move below this zone could expose downside toward $82,000, with a deeper pullback opening the door to the $80,000 psychological level. On the upside, BTC would need to reclaim $90,000 to signal stabilization, with further resistance near $95,000. Ethereum is trading around $2,926, down roughly 1.2% over the past 24 hours. The chart shows ETH continuing to underperform after losing the $3,200–$3,300 range earlier in November. Since then, price action has remained heavy, with lower highs and limited follow-through on rebounds. ETH briefly dipped below $2,900 in recent sessions before finding short-term support, but momentum remains fragile. If selling resumes, the next key downside level sits near $2,800, followed by stronger historical support around $2,650. On the upside, a recovery above $3,000 would be the first step toward stabilizing price action, with additional resistance near $3,200. Meanwhile, crypto market sentiment remains firmly in the fear zone, with the Crypto Fear and Greed Index reading 27 at the time of writing . The index has shown little improvement in recent days, reflecting continued caution among market participants. While sentiment has recovered slightly from last month’s extreme fear low of 12, it remains well below neutral levels, suggesting investors are still hesitant to take on risk. US spot Bitcoin ETFs recorded net outflows of $188.64 million on Dec. 23, extending the recent cooling in institutional demand. BlackRock’s iShares Bitcoin Trust (IBIT) led the outflows, shedding $157.34 million on the day. Fidelity’s FBTC followed with $15.30 million in outflows, while Grayscale’s GBTC saw $10.28 million leave the fund. Bitwise’s BITB also recorded a smaller outflow of $5.72 million. Cumulative net inflows across all US spot Bitcoin ETFs stand at $57.08 billion. Total value traded across the products reached $3.16 billion, while total net assets stood at $114.29 billion, equivalent to roughly 6.5% of Bitcoin’s total market capitalization. US spot Ether ETFs reversed course on Dec. 23, posting net outflows of $95.53 million after a day of inflows earlier in the week. Grayscale’s ETHE accounted for the largest share of the outflows, shedding $50.89 million on the day. BlackRock’s ETHA followed with $25.04 million in net redemptions, while Bitwise’s ETHW saw $13.98 million exit the fund. Franklin’s EZET also recorded outflows of $5.61 million. Cumulative net inflows across US spot Ether ETFs remain at $12.43 billion. Total value traded across the products reached $999 million, while total net assets stood at $18.02 billion, representing roughly 5.0% of Ethereum’s total market capitalization. Meanwhile, BlackRock is staffing up for the next leg of its crypto push, posting new digital asset roles across New York, London and Singapore as it expands a team that now spans tokenization, stablecoins and crypto market structure. BlackRock is expanding its crypto team with new digital asset roles across New York, London, and Singapore, hiring from associates to senior leaders across product, research and compliance. #BlackRock #CryptoJobs https://t.co/XkylJ7A9yk — Cryptonews.com (@cryptonews) December 24, 2025 Robert Mitchnick, who leads BlackRock’s digital assets strategy, flagged the recruitment drive recently, saying the firm is hiring for multiple leadership roles across its digital assets team in New York, London and Asia. The post Why Is Crypto Down Today? – December 24, 2025 appeared first on Cryptonews .
Coach JV: Why XRP Could Be This Generation’s Biggest Missed Investment Opportunity Renowned crypto pundit Coach JV has sparked widespread debate by suggesting XRP could become this generation’s biggest missed investment opportunity, as strengthening fundamentals clash with short-term price weakness, drawing attention from both retail and institutional investors. Coincodex data shows XRP trading near $1.87, almost 50% below its $3.65 all-time high set earlier this year. While the pullback has sparked short-term pessimism, Coach JV contends the disconnect between price and strengthening fundamentals may signal a rare opportunity. He argues that markets often misprice assets during transitional phases, and XRP could be in the midst of one now. Strengthening Fundamentals Amid Price Weakness Despite muted price action, XRP’s ecosystem continues to strengthen behind the scenes. Ripple is steadily expanding its global footprint through strategic partnerships with banks, financial institutions, and payment providers, all aimed at enhancing cross-border payments. These solutions offer faster settlement and lower costs than traditional systems, reinforcing XRP’s real-world utility. This accelerating institutional adoption underpins the bull case for XRP. As demand grows for efficient, blockchain-based payment infrastructure, XRP’s proven network, deep liquidity, and established use case position it as a practical financial tool—not merely a speculative asset. Regulatory Progress Boosts Confidence Another key pillar of Coach JV’s thesis is growing regulatory clarity. For years, XRP’s price and sentiment were weighed down by legal uncertainty. That overhang is now easing, following Ripple’s courtroom win against the SEC and the emergence of clearer regulatory frameworks. As risk perception declines, confidence among institutional and long-term investors is steadily returning. Regulatory clarity is especially crucial for institutional capital, which typically stays on the sidelines until compliance risks are clearly defined. With clearer rules on the horizon, such as the anticipated Clarity Bill, XRP could be well positioned to attract larger, more stable capital inflows. Price Models Suggest Untapped Upside Adding to the bullish outlook, multiple price-prediction models point to substantial upside that XRP’s current valuation has yet to reflect. These models incorporate key fundamentals such as adoption growth, rising transaction volumes, and expanding network utility, signals that suggest XRP’s market price may be trailing its long-term potential. While no forecast is certain, the convergence of accelerating institutional momentum, improving regulatory clarity, and supportive model projections reinforces the case that XRP may be undervalued at current levels. Conclusion Coach JV’s claim that XRP could become this generation’s greatest missed investment opportunity is a call to look past short-term price fluctuations. Regardless of whether his prediction materializes, the combination of strengthening fundamentals and significant price weakness has positioned XRP as one of the most closely watched and debated assets in today’s crypto market.
Strategy CEO Phong Le has been on the road with Michael Saylor, and the message from the meetings is less about “orange-pilling” bankers than watching large institutions sprint to close a Bitcoin product gap they can no longer ignore. In a Dec. 23 interview with CoinStories host Nathalie Brunell, Le said the conversations start with the most basic building blocks, custody and exchange because banks have already watched meaningful flows move to crypto-native and quasi-crypto incumbents. “They’re all trying to catch up with just the base of custodying Bitcoin and providing exchange services,” Le said. “They’ve seen, for example, Coinbase or Fidelity, and what they’re doing. And they want to be able to offer their customers native services with BTC so they don’t take the money off the platform out to somewhere else.” Large US Banks Begin Bitcoin Conversations Le described this baseline in familiar banking language, positioning BTC as an account-type object inside existing distribution rather than an external asset clients self-custody elsewhere. “So I’ll just start that as a baseline. I call it a checking account and a savings account for Bitcoin, right?” he said. “And then on top of that, what do they want to do?” His answer was a laddered product roadmap that increasingly resembles the capital-markets “stack” Strategy has spent the last several years industrializing: credit, yield, structured exposure, and eventually something close to money-like instruments backed by BTC collateral. “Then they want to offer things like the coin lending, which means you get loans against Bitcoin,” Le said. “And we know a lot of folks are doing that on a one-to-one private loan basis, but they should provide it in general. Perhaps offering instruments that give you yield off of Bitcoin. That will be the next sort of step above that.” From there, Le said, banks start converging on Strategy’s own playbook , not necessarily copying it line-by-line, but arriving at the same conclusion that Bitcoin can be used as balance-sheet collateral to manufacture investable products. “And then a set of Bitcoin-backed products, not too much different than what we do,” he said. “An investment bank would want to be able to underwrite Bitcoin-backed securities like MSTR or like any of our preferreds. That would be the next step.” The “underwrite” comment is the tell. This is not merely about giving wealth clients a custody button. It is about turning exposure into fundable, tradable paper that sits comfortably inside existing bank distribution: preferreds, structured notes, and credit instruments that look like what clients already buy, just with BTC as the collateral story. Le then moved into what he called “digital credit,” explicitly tying it to preferred-style issuance and bank-native variants of the same idea. “And then you get into offering digital credit, right? Which would be our preferreds or a bank preferred based off of Bitcoin,” he said. “And then the last thing, which is what Mike talked about at Bitcoin in the Middle East, which is digital money, right? How do you give somebody essentially access to something that looks like money backed by Bitcoin that gives them a steady yield that’s better than what they would get otherwise called eight, nine percent?” That “digital money” framing is aligned with what Saylor has been signaling on stage: BTC as collateral that can support a broader credit superstructure. At Bitcoin MENA 2025 in Abu Dhabi, Saylor argued the shift is already underway and, in his telling, the largest names in US finance are no longer keeping their distance, as Bitcoinist reported . “In the past six months I have noted and been approached by BNY Mellon, by Wells Fargo, by Bank of America, by Charles Schwab, by JP Morgan , by Citi,” Saylor said. “They are all starting to issue credit against either Bitcoin or against derivatives like IBIT.” At press time, BTC traded at