Ethereum has pulled back to the low $3,100s after briefly trading above $3,300, with momentum flattening and resistance building between $3,300.99 and $3,371.59. Buyers are defending support at $3,137.51, $3,077.72, and $3,069.97, while clustered bids around $3,189 are meeting offers at $3,208.02, $3,200.98, and $3,195.11 after last week’s rebound, according to TradingView data.

Internet Computer (ICP) is retesting a key support cluster around $3.039, $3.009, and $2.977 as bearish momentum cools but continues to dominate the daily trend. Technical indicators, including downward-sloping 9-day and 20-day EMAs, a negative MACD, and an RSI in the mid-30s, point to sellers remaining in control while hinting at potential stabilization. Large bid and ask liquidity walls in the order book between $0.723 and $5.050 are expected to influence whether ICP extends its breakdown or rebounds toward resistance at $4.659, $4.908, and $5.050.

The U.S. Commodity Futures Trading Commission named the initial members of its new CEO Innovation Council, bringing together leaders from major exchanges and crypto firms to advise on derivatives market structure and digital assets. The group, assembled in two weeks, will focus on tokenization, crypto collateral, 24/7 trading, perpetual contracts, prediction markets and blockchain-based infrastructure, Acting Chairman Caroline Pham said.

State Street and Galaxy Asset Management plan to launch the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP) on Solana in early 2026, offering institutional investors an onchain liquidity product, according to the firms. The fund will support subscriptions and redemptions in PYUSD stablecoin, target Qualified Purchasers, and has secured a roughly $200 million seed commitment from Ondo Finance. The product is structured as a multi-chain solution, with Stellar and Ethereum integration to follow. It is designed to simplify institutional cash and real-world asset management on public blockchains.

On Wednesday, SpaceX moved more than $94 million in Bitcoin across two transactions, extending a roughly two‑month pattern of nearly $100 million in weekly BTC transfers. The company holds 8,285 BTC valued at about $770 million. It is reportedly preparing a 2026 IPO that could raise over $30 billion at a potential $1.5 trillion valuation. Analysts are tracking the on‑chain shifts, while SpaceX has not explained the purpose or tied them to listing plans.

Ark Invest CEO Cathie Wood said on Tuesday that rising institutional participation is reshaping how Bitcoin trades and weakening its traditional four‑year halving cycle, in an interview with Fox Business. She argued that the historic 75%–90% crashes are becoming less likely as large institutions accumulate and hold Bitcoin. Wood cast Bitcoin as a risk‑on asset in contrast to gold’s risk‑off role. Ark has been increasing its crypto exposure through Coinbase, Circle, and the ARK 21Shares Bitcoin ETF (ARKB).

U.S. Sen. Cynthia Lummis said the Responsible Financial Innovation Act could reach a markup hearing next week before the holiday recess. A draft expected by the end of this week will be reviewed by industry stakeholders and bipartisan lawmakers and could shift more oversight of digital assets toward the CFTC. Despite renewed bipartisan talks, lawmakers caution that political divisions and jurisdictional disputes may slow the bill’s path to a full Senate vote.

On Tuesday, Twenty One Capital opened at $10.74 in its market debut after merging with Cantor Equity Partners, below Cantor's previous close of $14.27, and by Wednesday's close the stock had fallen 19.97% to $11.42. The shares recovered about 2.2% in after-hours trading to roughly $11.92, valuing the company near $4 billion while it holds more than 43,500 BTC and presents itself as a Bitcoin-focused operating business rather than a pure treasury vehicle. Investors are awaiting more detail on its plans for brokerage, exchange infrastructure, and Bitcoin-based credit and lending lines as sentiment toward crypto-treasury-style companies softens.

Tether's USDT has been formally recognized as an accepted fiat-referenced token in the Abu Dhabi Global Market (ADGM), allowing licensed institutions to offer regulated trading, custody, and settlement services using the stablecoin. The designation broadens USDT's institutional footprint in the Middle East, supports Abu Dhabi's ambition to become a hub for stablecoins and digital assets, and comes as the global stablecoin market surpasses $300 billion in supply, according to DefiLlama.