Cryptocurrency markets noticed one other week of draw back, as traders eagerly anticipated the 12 months’s final Federal Open Market Committee (FOMC) assembly.
Bitcoin (BTC) rose to a weekly excessive of $94,330 on Tuesday as investor morale was bolstered by Technique’s $962 million Bitcoin acquisition, the corporate’s largest funding since July 2025.
On Wednesday, the US Federal Reserve delivered a extensively anticipated 25-basis-point rate of interest minimize. Crypto markets noticed a brief bounce, as decrease charges and cheaper borrowing prices sometimes enhance threat urge for food and capital getting into threat belongings corresponding to crypto.
Nonetheless, the market’s upside was short-term, because the Fed’s newest rate of interest minimize was “extensively anticipated and just about priced in,” CoinEx change’s chief analyst, Jeff Ko, informed Cointelegraph.
Regardless of the shortage of investor urge for food, basic developments such because the growing variety of crypto exchange-traded funds (ETFs) and the bettering usability of onchain merchandise are ushering in a possible “Netscape” second for the crypto trade, analysts informed Cointelegraph.
Crypto nears its “Netscape” second as trade approaches inflection level
The cryptocurrency trade is approaching its “Netscape” second, as regular progress in blockchain infrastructure and the rise of regulated funding merchandise drive a brand new wave of institutional adoption, in keeping with Paradigm co-founder Matt Huang.
The crypto sector is “dealing with its ‘Netscape’ or ‘iPhone’ second,” Huang wrote Sunday in a publish on X. “It’s working greater than ever earlier than, far past our wildest goals. Each the institutional components and the cypherpunk components.”
Netscape launched the primary easy-to-use net browser for mainstream customers in 1994 earlier than going public with a profitable preliminary public providing (IPO) in August 1995, marking the primary constructing block that triggered the web’s mass adoption.
Nonetheless, Microsoft noticed the large-scale curiosity and capitalized on it on it by freely bundling Web Explorer as a pre-installed element of the Home windows working system, outcompeting Netscape to turn into essentially the most extensively used web browser.
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Bubblemaps challenges PEPE’s honest launch, alleges 30% of genesis provide bundled
Blockchain information is casting doubt on the “for the folks” launch narrative of memecoin Pepe, with new evaluation suggesting that nearly a 3rd of the preliminary provide was held by a single entity and contributed to heavy early promoting stress.
About 30% of the Pepe (PEPE) token provide was bundled at launch in April 2023, blockchain information visualization platform Bubblemaps claimed on Wednesday in a publish on X, including that traders have been “lied to.”
The identical pockets cluster offered $2 million price of PEPE tokens the day after launch, including important promote stress that stopped the token from surpassing the $12 billion milestone, in keeping with Bubblemaps.
That focus of the genesis provide contrasts with Pepe’s authentic branding as a “coin for the folks.” The mission’s web site mentioned the token launched “in stealth” with no presale allocations.
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“Elite” merchants hunt dopamine-seeking retail on prediction markets: 10x Analysis
Prediction markets are rising as a brand new battleground within the crypto economic system, the place the best-informed merchants are competing in opposition to informal retail bettors for earnings.
Most customers are behaving extra like sports activities bettors than disciplined merchants, in keeping with a Tuesday report from analysis agency 10x Analysis, which mentioned they’re buying and selling “dopamine and narrative for self-discipline and edge.” It added: “Accuracy and revenue are pushed not by the group, however by a tiny, knowledgeable elite who worth chance, hedge publicity, and extract premium from retail-driven longshots.”
The rising liquidity and retail participation are incentivizing skilled buying and selling desks to extend their prediction market exercise and seize the unfold and “misinformation asymmetry” arising from this market construction, 10x mentioned.
The report is a regarding signal for informal merchants trying to make straightforward cash on prediction markets, as blockchain information suggests that almost all customers lose their preliminary funding.
Solely about 16.7% of wallets on Polymarket are in revenue, whereas the remaining 83% have incurred losses, in keeping with blockchain information from Dune.
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Coinbase opens Solana DEX entry as CeFi and DeFi converge
Coinbase is shifting deeper into the Solana ecosystem, letting customers commerce native Solana tokens via a decentralized change integration fairly than conventional listings.
Andrew Allen, Coinbase protocol specialist, mentioned in an X publish that Coinbase now permits its customers to commerce all Solana (SOL) tokens via a decentralized change (DEX) integration, “with out listings,” he famous, including that “very quickly it is possible for you to to open the Coinbase app and see native Solana belongings on Coinbase.”
“For issuers and builders, in case your token has enough liquidity, this implies you could be accessible to the tens of millions of customers on Coinbase with out getting listed,” Allen mentioned.
The announcement follows Coinbase’s integration of tokens from its Base blockchain via the same DEX integration in early August. The announcement famous that the change deliberate to “increase DEX assist to incorporate further networks, beginning with Solana.”
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Mantra CEO tells OM holders to withdraw from OKX over “inaccurate” migration plan
Tensions between blockchain platform Mantra and crypto change OKX are rising after Mantra accused the change of posting incorrect details about its token migration.
In a Monday X publish, Mantra CEO John Patrick Mullin urged customers of centralized cryptocurrency change (CEX) OKX to withdraw their Mantra (OM) tokens and minimize their “dependency” on the platform.
“Customers ought to think about withdrawing their OM tokens from OKX[…]. Keep away from OKX Trade Dependency: Full migration with out counting on doubtlessly negligent or malicious intermediaries,” mentioned Mullin.
His warning got here in response to a Friday announcement from OKX about supporting the incoming OM token migration.
Based on Mullin, the OKX publish contained a number of inaccuracies, together with false migration and implementation dates.
OKX mentioned the migration would happen between Dec. 22 and Dec. 25. Mantra’s governance proposal, in contrast, states that the migration will solely happen after the Jan. 15 deprecation of the Ethereum-based ERC-20 OM token.
Mullin additionally mentioned OKX’s publish referenced “arbitrary dates all through December 2025,” whereas Mantra has not but introduced an official implementation date.
He claimed OKX had not communicated with Mantra since “the occasions” of April 13, whereas Mantra has “helpfully [been] speaking with all different main exchanges concerning our migration.”
Throughout the forthcoming migration, the OM token will migrate from an Ethereum-native ERC-20 token to a Mantra Chain-native token.
Cointelegraph has contacted OKX for remark, however had not acquired a response by publication time.
OKX has since reached out to Mantra and corrected the inaccuracies within the announcement, the change wrote in a Wednesday X publish
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DeFi market overview
Based on information from Cointelegraph Markets Professional and TradingView, many of the 100 largest cryptocurrencies by market capitalization ended the week within the purple.
The Kaspa (KAS) token fell over 13%, marking the largest decline within the prime 100, adopted by the Story (IP) token, additionally down 13% through the previous week.
Thanks for studying our abstract of this week’s most impactful DeFi developments. Be part of us subsequent Friday for extra tales, insights and schooling concerning this dynamically advancing house.