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A draft of the Digital Asset PARITY Act has been released in the U.S. House of Representatives, proposing several tax benefits for cryptocurrency investments, CoinDesk reported. Key provisions of the bill include a tax exemption for everyday payments made with stablecoins for transactions under $200 and a tax deferral of up to five years on income from staking and mining. The legislation also seeks to apply wash sale rules to digital assets and provide tax incentives for foreign investors.

BlackRock has named its spot Bitcoin ETF (IBIT) one of its top three investment themes for 2025, CoinDesk reported. The fund has attracted over $25 billion in inflows so far this year, making it the sixth most popular ETF based on new investment.

Trump Media has purchased an additional 450 BTC, bringing its total holdings to 11,542 BTC, PA News reported.

Sky Protocol, which rebranded from MakerDAO, announced it has bought back 32.3 million SKY over the past seven days, a sum equivalent to 1.9 million USDS. The company has now spent over $94 million on SKY buybacks since the program began in February 2025.

Nasdaq-listed Ethereum investment firm Etherzilla (ETHZilla) sold 24,291 ETH to repay senior convertible notes, Wu Blockchain reported. The company stated it will now focus on the real-world asset (RWA) tokenization sector.

Coinbase has agreed to acquire prediction market startup The Clearing Company, The Block reported. The transaction is expected to be finalized in January 2026. As part of the deal, The Clearing Company's team will join Coinbase to support the expansion of its prediction market services.

Strategy has temporarily suspended its Bitcoin purchases ahead of Christmas and added $748 million in cash to its dividend payment reserve, The Block reported. The reserve, established earlier this month, now totals $2.19 billion.

Coinbax, a programmable trust layer for stablecoin payments, announced it has raised $4.2 million in a seed funding round. The round was led by BankTech Ventures, with participation from Connecticut Innovations, Paxos, and SpringTime Ventures. Coinbax supports major stablecoins such as USDC, USDG, RLUSD, and PYUSD on the Base and Solana blockchains.

The three major U.S. stock indices have opened higher. The S&P 500 is up 0.4%, the Nasdaq is up 0.6%, and the Dow is up 0.1%.

Citigroup has lowered its price target for Strategy (MSTR) to $325 per share from $485, Walter Bloomberg reported. The firm maintained its Buy rating on the stock.

Prediction market Kalshi claims its platform is more accurate at forecasting inflation than Wall Street, CoinDesk reported. The company stated that over a 25-month period, its market's average error was 40% lower than traditional forecasts from Wall Street.

Upshift, Clearstar, and Flare have jointly launched earnXRP, a new product for earning yield with XRP, The Block reported. The platform operates on the earnXRP network, a Layer 1 blockchain focused on XRPFi use cases. It allows users to deposit Flare's FXRP into a single vault, which then deploys the capital across various on-chain strategies to generate returns denominated in XRP.

Bitmain purchased an additional 98,852 ETH last week, bringing its total holdings to 4.066 million ETH, according to a report from Unfolded.

JPMorgan Chase is considering launching a cryptocurrency trading service for its institutional clients, Bloomberg reported. According to the report, which cited an unnamed source, the bank is exploring the provision of both spot and derivatives trading services as a way to expand its presence in the crypto market.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

On-chain analytics firm Glassnode reported that as Bitcoin's price recovered to the $90,000 level, open interest in perpetual futures increased by approximately 2%, from 304,000 BTC to 310,000 BTC. Concurrently, funding rates have climbed from 0.04% to 0.09%. Glassnode suggested that these trends indicate traders are re-entering aggressive long positions in anticipation of a year-end rally.

Strategy founder Michael Saylor announced on X that the company's U.S. dollar holdings have increased by $748 million, bringing its total to $2.19 billion. He added that the company also holds 671,268 pounds.

Strategy did not purchase any additional BTC between Dec. 15 and Dec. 21, according to Walter Bloomberg.

Decentralized perpetual futures exchange Aster announced via X that it will commence its Stage 5 buyback program on Dec. 23. The exchange stated that during this stage, it will allocate up to 80% of its daily fees to repurchase ASTER tokens, a move intended to simultaneously bolster market stability and community value.

BlackRock has deposited 1,200 BTC, worth $108 million, and 10,000 ETH, worth $30.5 million, to Coinbase Prime, according to Intel. Coinbase Prime is a prime brokerage platform that provides large-scale trading and custody services for institutional investors.

The traditional Santa Claus rally for Bitcoin has shown a trend of diminishing returns and dominant selling pressure over the past five years, according to on-chain analyst Ardi, Cointelegraph reported. The analyst noted that while Bitcoin surged 34.5% during the 2020 rally, year-end returns have progressively weakened in recent years when excluding that outlier. Ardi added that BTC is currently in a similar post-halving phase to 2021, a year when it recorded a 7.9% decline during the same period. He observed that since the beginning of December, Bitcoin whales have been incrementally selling their holdings to capitalize on buying from retail investors. Consequently, the analyst warned that investors should be cautious of further short-term selling pressure.

According to CoinNess market monitoring, BTC has risen above $90,000. BTC is trading at $90,000.34 on the Binance USDT market.

The Ghanaian government has passed a bill to fully legalize the trading and use of cryptocurrency within the country, Unfolded reported.

Circle has announced that Cygnus, a Web3 and Instagram app layer, has officially joined the Circle Alliance. Cygnus aims to leverage the partnership to expand USDC adoption, utilizing its embedded wallet to bring Instagram users on-chain through its multi-chain integrated structure. The project will use USDC on the Base network as a core asset to simplify on-chain onboarding and increase user engagement. Launched in November 2023, the Circle Alliance is a consortium of fintech, traditional finance, payments, banking, and Web3 companies, institutions, and protocols working to develop an internet-based financial system.