Top Headlines

VC

Polygon Labs made a strategic investment in Boys Club to scale crypto culture and everyday onchain storytelling (X)

Surf raised $15M to expand Surf 2.0 and institutional crypto research tooling (X)

Olea raised $30M Series A to scale AI powered trade finance across high growth markets (X)

Gensyn raised $14.19M at a reported $473M valuation to build decentralized AI compute coordination (X)

Fuse raised $70M Series B at a reported $5B valuation to scale its renewable energy network and expansion plans (X)

ETHGas raised $12M seed to build an Ethereum blockspace futures market backed by $800M in liquidity commitments (X)

DAWN, built by Andrena, raised $13M Series B to expand its Solana based decentralized broadband rollout (X)

M&A

Circle agreed to bring Interop Labs talent and IP into Circle to accelerate crosschain infrastructure, with closing expected in early 2026 (X)

Coinbase agreed to acquire The Clearing Company to speed up its prediction markets push, with the deal expected to close in January 2026 (X)

Hilbert Group is acquiring Enigma Nordic in a $32M deal to add a market neutral crypto trading engine that reportedly ran $5.4B in volume (CoinDesk)

Netflix acquired Ready Player Me to bring portable avatars into Netflix Games, with roughly 20 team members joining and terms undisclosed (TechCrunch)

Public Markets & Listings

Metaplanet launched sponsored Level I ADRs trading OTC under ticker MPJPY starting Dec. 19, giving U.S. investors USD access without a Japanese brokerage setup (CoinDesk) (Yahoo).

Securitize plans an onchain trading platform for real public equities in early 2026, positioning it as a compliant path to issuance, ownership, and trading of tokenized shares (CoinDesk) (Yahoo).

Regulation

The U.S. is edging toward friendlier crypto tax treatment.

Europe is pushing CBDC execution while regulators continue fighting over access and oversight.

🇺🇲 United States

A bipartisan tax bill would reduce tax friction around stablecoins and staking (CoinDesk) (Bloomberg) (Yahoo Finance)

Cynthia Lummis said she will retire next year, leaving a pro crypto gap in Congress (CoinDesk) (AP News) (Roll Call)

The SEC finalized a 10 year ban on Caroline Ellison serving as an officer or director. (CoinDesk) (DL News) (Yahoo Finance)

The Fed signaled a narrower master account approach that could limit nonbank access to payment rails. (CoinDesk) (Yahoo Finance)

Coinbase sued three states over attempts to regulate prediction markets. (CoinDesk) (DL News) (CDC Gaming)

The Senate confirmed Trump nominees to lead the CFTC and FDIC, signaling a tone shift. (CoinDesk)

Caroline Pham is reportedly preparing to join MoonPay after leadership changes at the CFTC. (CoinDesk) (Forbes) (PYMNTS)

Newsom spotlighted crypto linked figures in a public jab at Trump. (CoinDesk) (California Governor Office) (Los Angeles Times)

Industry leaders met senators as market structure negotiations continue. (CoinDesk) (Politico Pro) (PYMNTS)

Macquarie says the Senate may be nearing a crypto deal as GENIUS related rules advance. (CoinDesk) (Yahoo Finance)

🌏 International

Hong Kong proposed rules to open insurance capital pathways into crypto markets. (CoinDesk) (Bloomberg) (Yahoo Finance)

Poland’s lower house re approved a vetoed crypto bill and sent it back to the Senate. (CoinDesk) (Yahoo Finance)

Lagarde refocused the ECB on executing the digital euro rollout. (CoinDesk) (Reuters) (Yahoo Finance)