Bitcoin has experienced a significant surge, nearing the $94,000 mark, reigniting a sense of FOMO (Fear Of Missing Out) among investors. This upward momentum, however, is tempered by ongoing uncertainty surrounding the Federal Reserve's monetary policy, which could potentially disrupt the cryptocurrency's rally.

HashKey Holdings Ltd., operator of Hong Kong's largest licensed cryptocurrency exchange, is targeting up to $215 million in its initial public offering (IPO) on the Hong Kong Stock Exchange. The company plans to offer 240.6 million shares, with trading scheduled to commence on December 17. This move represents a significant test for Hong Kong's aspirations to become a leading digital asset hub in the region.

Stablecoin giant Tether is significantly expanding its artificial intelligence portfolio with a substantial investment in Generative Bionics, an Italian startup focused on developing advanced humanoid robots. This move underscores Tether's commitment to fostering innovation in AI and robotics, aiming to reduce reliance on Big Tech.

The non-fungible token (NFT) market is experiencing its most significant downturn of the year, with monthly sales plummeting to their lowest point. This sharp decline signals a deepening "NFT winter," raising concerns about the long-term viability and speculative nature of the digital asset space.

His Royal Highness Tunku Ismail Ibni Sultan Ibrahim, the Regent of Johor, has officially launched RMJDT, a stablecoin pegged to the Malaysian Ringgit, and established a Digital Asset Treasury Company (DATCO) on the Zetrix blockchain. This initiative aims to bolster the international use of the Ringgit in trade settlements and attract foreign investment.

Matt Hougan, Bitwise's Chief Investment Officer, anticipates a significant surge in the popularity of crypto index funds, projecting them to become a "big deal" by 2026. He attributes this expected growth to the increasing complexity of the cryptocurrency market and the expanding range of use cases for digital assets.

Polygon has successfully deployed its Madhugiri hard fork, a significant protocol upgrade aimed at enhancing network performance and stability. This upgrade is designed to increase transaction throughput by 33% and reduce block consensus time to one second, paving the way for more efficient and reliable operations on the network.

In a significant development for the cryptocurrency market, approximately 400,000 Bitcoin have been withdrawn from exchanges throughout the year. Data analytics firm Santiment suggests this trend is a positive indicator for the long-term health and potential growth of Bitcoin, signaling increased investor confidence and a shift towards holding rather than trading.

Bitcoin is currently exhibiting a technical pattern known as a ' bear flag,' which, if confirmed, could signal a significant price drop. This pattern emerges during a sharp decline followed by a period of consolidation, suggesting that the downward momentum may continue. The potential target for this pattern is around the $67,000 mark, a level that has previously acted as support.

After a two-year absence, major U.S. cryptocurrency exchange Coinbase is making a measured re-entry into the Indian market. The company has resumed app registrations and is preparing to launch local fiat on-ramps in 2026, signaling a renewed commitment to the region.