Senator Cynthia Lummis posted on X suggesting the U.S. government may soon acquire Bitcoin. Texas became the first state to establish a Bitcoin reserve, purchasing nearly $5 million in BTC through a BlackRock-managed ETF, according to state officials.

Strategy has sharply reduced its Bitcoin acquisition pace in 2025, with monthly purchases dropping from 134,000 BTC in late 2024 to 9,100 BTC in November 2025. CryptoQuant analysts view the slowdown as a defensive repositioning ahead of an anticipated extended bear market. The company has shifted focus toward building a 24-month liquidity buffer to strengthen its financial position.

Changpeng Zhao has launched a prediction market platform on BNB Chain that generates yield on user deposits while positions remain open. Trust Wallet rolled out prediction trading for its 220 million users through a partnership with Myriad Markets. The development follows YZiLabs' announcement of a $1 billion ecosystem fund targeting DeFi and AI initiatives.

Ethereum activated the Fusaka upgrade on May 7, 2025, at 21:49 UTC, introducing PeerDAS—a data-availability system designed to reduce validator computational load through sampling rather than full data verification. The upgrade includes 12 Ethereum Improvement Proposals targeting network efficiency and scalability. Core developers confirmed finalization approximately 15 minutes after activation during the EthStaker livestream.

Connecticut's Department of Consumer Protection issued cease-and-desist orders to Robinhood, Kalshi and Crypto.com on Wednesday for allegedly offering unlicensed sports wagering contracts. The companies countered that their event-contract products fall under federal CFTC jurisdiction, not state gambling law.

Arbitrum's native token rose over 11% in 24 hours as the Layer 2 network recorded 2 million active addresses, a 135% weekly increase. The token approached a key resistance level at $0.24 while total value locked climbed 7% this month to $6.53 billion. Developer activity reached a three-month high during the period.

Connecticut's Department of Consumer Protection issued cease-and-desist orders to Kalshi, Robinhood, and Crypto.com on December 3, 2025, for allegedly offering sports-related prediction contracts without state licenses. The platforms must immediately stop providing such services to Connecticut residents and allow fund withdrawals. Non-compliance may result in civil penalties under state unfair trade practices law or criminal charges for gaming violations.

Bitcoin traded around $93,000 during Asian hours Thursday as softer US economic indicators strengthened market expectations for a Federal Reserve interest rate reduction. Analysts cited positive momentum from recent institutional developments, including Vanguard's policy shift on crypto-linked ETFs and speculation about potential Fed leadership changes. The total cryptocurrency market capitalization rose 1.8% to $3.27 trillion.