Solana is retesting a key demand zone between $145 and $155 that has held since November 4, following a nearly 10% decline from weekly highs of $171.90. The asset is trading around $155 as technical indicators suggest potential further decline toward $140. On-Balance Volume shows continued selling pressure while the Money Flow Index remains below 50, reinforcing bearish momentum.

Taiwan's Executive Yuan and Central Bank have launched a pilot program to study Bitcoin as a potential strategic reserve asset. The initiative will use confiscated Bitcoin from legal cases, with legislator Dr. Ju-chun Ko leading efforts to diversify financial reserves and reduce reliance on the US dollar. Premier Cho Jung-tai expects a comprehensive assessment by end-2025.

Bitcoin's daily chart shows deteriorating momentum with the 9-day EMA crossing below the 20-day EMA. The Crypto Fear & Greed Index has dropped to 15 out of 100, marking extreme fear levels last seen in March. Analysts note this fear-driven environment has historically preceded rallies, with long-term holders accumulating while short-term participants exit positions.

Securities and Exchange Commission Chair Paul Atkins announced Wednesday that the agency is developing a formal token taxonomy to classify digital assets under federal securities law. Speaking at the Federal Reserve Bank of Philadelphia's FinTech Conference, Atkins said most crypto tokens do not qualify as securities, differentiating digital commodities, collectibles, and tools from tokenized securities. The taxonomy forms part of the SEC's broader Project Crypto initiative and aims to provide upfront regulatory guidance rather than enforcement-driven policy.

Cathie Wood's Ark Invest purchased $30.5 million in Circle Internet Group shares on Wednesday across three ETFs. Circle's stock fell 12.2% to $86.3 despite the company reporting third-quarter revenue of $740 million, up 66% year-over-year, and net income of $214 million.

Decentralized prediction platform Polymarket has opened a beta version to select U.S. users, marking its first domestic operation since a 2022 regulatory settlement. The relaunch follows the company's acquisition of licensed derivatives exchange QCX in July 2025 and new partnerships with PrizePicks and Yahoo Finance.

Uniswap's UNI token has gained more than 70% over the past week after the announcement of the UNIfication governance proposal. The plan introduces protocol fee activation and proposes burning 100 million UNI tokens, representing approximately 16% of circulating supply. Whale transactions reached a four-year high while new wallet creation hit a three-year peak.

Polymarket has resumed operations in the United States through a beta trading platform, founder Shayne Coplan disclosed. The move follows the platform's 2022 settlement with the CFTC and its July 2025 acquisition of licensed derivatives exchange QCX.