BubbleMaps issued a warning about the PIPPIN meme coin following its 1,000% price surge over two weeks. The blockchain analytics platform identified insiders controlling approximately 50% of the token supply, valued at $120 million. The token's market capitalization jumped from $20 million to $220 million despite minimal team activity or announcements.

Bank of America has authorized more than 15,000 wealth advisers to recommend Bitcoin exchange-traded funds to clients, the bank told Yahoo Finance. Starting January 5, clients at Merrill, Bank of America Private Bank, and Merrill Edge can access four spot Bitcoin ETFs. The bank recommends a 1–4% crypto allocation for suitable investors, marking a significant expansion of regulated digital asset products within traditional banking channels.

Bitcoin reached an intraday high of $91,107 after falling below $84,000 earlier this week, data show. The recovery reversed losses triggered by hawkish Bank of Japan remarks and fresh Chinese regulatory actions. Institutional moves, including Vanguard's cryptocurrency ETF access and Bank of America's Bitcoin allocation policy, supported the rally.

SEC Chair Paul Atkins confirmed the agency will implement an innovation exemption framework for cryptocurrency companies in January 2026. The policy enables digital asset projects to issue tokens and launch products without completing full SEC registration procedures. A government shutdown from October into November delayed the original timeline for establishing the exemption before year-end, Atkins stated in a CNBC interview.

The cryptocurrency market added approximately $200 billion in capitalization over 24 hours, lifting total market cap to $3.08 trillion from $2.88 trillion. Bitcoin contributed roughly $120 billion to the rally, approaching $91,000 in its strongest daily performance since May 2025. Short position liquidations totaling $140 million in one hour accelerated the move, adding over $75 billion to Bitcoin's market value in 10 hours.

Bitcoin rose above $91,000 on December 2, 2024, posting its largest single-day percentage gain since May. The rally forced liquidations of more than $300 million in short positions within 24 hours, CoinGlass data show. The advance followed a drop below $84,000 the previous day.

Grayscale Investments has introduced GLNK, the first U.S. exchange-traded product tied to Chainlink, now trading on NYSE Arca. The fund provides spot exposure to LINK tokens through a regulated vehicle, with Coinbase serving as custodian. Grayscale is waiving management fees for three months or until assets reach $1 billion.

Solana-based memecoin trading declined to $13.9 billion in November 2024, the lowest monthly total since February 2024. Prediction platforms Polymarket and Kalshi combined for nearly $8 billion in volume during the same period, representing 57% of Solana's memecoin activity. The ratio marks a sharp increase from below 10% in August.