Key News Highlights

  • Bitmain Investigation: U.S. Homeland Security investigates Bitcoin mining equipment manufacturer over national security concerns.
  • Tom Lee's Prediction: Tom Lee remains bullish on Bitcoin, projecting it to reach $150,000-$200,000 by the end of January.
  • UK Crackdown on Russian Sanctions Evasion: 128 arrested, $32.6 million in crypto and cash seized.
  • Increased Probability of Fed Rate Cut: Markets pricing in a 69.4% chance of a 25 basis point rate cut in December.
  • Institutional Holdings Surge: Bitmine surpasses BlackRock in Ethereum holdings, and El Salvador increases its Bitcoin stake.

U.S. Homeland Security Investigates Bitmain

According to Bloomberg, Bitcoin mining hardware manufacturer Bitmain is under investigation by U.S. Homeland Security to assess whether its products pose a national security risk. The probe, dubbed "Operation Red Sunset," is focused on whether Bitmain's machines can be remotely manipulated for espionage or to disrupt the U.S. power grid. Bitmain denies the allegations, asserting its compliance with U.S. laws.

Tom Lee Stands Firm on Bitcoin Price Prediction

Despite recent market downturns, Fundstrat co-founder and BitMine chairman Tom Lee maintains his prediction that Bitcoin will reach $150,000-$200,000 by the end of January. Lee is banking on the long-term strength of retail investors to drive the market higher.

UK Cracks Down on Russian Sanctions Evasion

The UK's National Crime Agency (NCA) announced the arrest of 128 individuals and the seizure of $32.6 million in cryptocurrency and cash as part of a crackdown on Russian sanctions evasion. The operation, dubbed "Operation Destabilise," aims to disrupt illicit financial flows.

Federal Reserve Rate Cut Expectations

CME FedWatch data indicates that markets are pricing in a 69.4% chance of a 25 basis point rate cut by the Federal Reserve in December. This reflects increasing expectations of monetary policy easing.

Other Crypto Market Developments

  • Acquisitions: Coinbase acquires Vector.fun, a Solana-based trading platform.
  • Layoffs: Sorare, a Web3 fantasy sports platform, to cut 35% of its workforce.
  • ETF Launches: Grayscale Dogecoin ETF and XRP ETF to list on the NYSE on Monday.
  • Technical Analysis: Glassnode analysis suggests Bitcoin realized losses have surged to the highest level since the FTX collapse, with short-term holders being the primary drivers of the sell-off.
  • Institutional Holdings: Bitmine surpasses BlackRock in Ethereum holdings.

Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients. 

Latest news

Saturday, 6 December 2025

Indices

ESMA Expansion Sparks Crypto, Fintech Slowdown Concerns in EU

Saturday, 6 December 2025

Indices

Bitcoin's 'Santa' Rally: Fed Rate Decision and 2026 Outlook

Saturday, 6 December 2025

Indices

Western Union Unveils Stable Card, Stablecoin Strategy to Combat Inflation