Binance BNB Price Approaches 7-Year Resistance, Bulls Eye $1,200 Level

According to interviews with Eric Trump and ABTC Executive Chairman Asher Genoot, American Bitcoin (ABTC) has structured its business around one clear aim: add more Bitcoin to its balance sheet.

The firm says it spends less on big management teams and more on mining and buying Bitcoin so each share holds more Bitcoin over time. That metric — Bitcoin per share — is tracked in the same way public companies track earnings per share, the executives said.

American Bitcoin Tracks Bitcoin Per Share

ABTC’s leaders told investors they treat the number of Bitcoin each share represents as the core performance measure. Genoot said the firm began with a single question: “What do investors actually want from a Bitcoin-focused business?”

Based on reports, the answer they reached was simple — grow the amount of Bitcoin held per share. That amount, they say, should rise each day thanks to mining and occasional purchases when markets look attractive.

Company Adds BTC ‘At A Steep Discount’

Trump told investor Grant Cardone that ABTC adds new Bitcoin to its balance sheet every day at what he described as a steep discount compared to market prices. According To his comments, the firm also plans to keep buying when conditions are favorable.

The approach is straightforward: mine and accumulate rather than chase short-term fiat profits. This strategy is pitched as a way to give shareholders more direct exposure to Bitcoin’s future gains.

Ethereum’s new Fusaka upgrade has delivered an important fix that many users did not even realize was needed. The upgrade changes how blob fees work, and it ends a problem that kept blob costs near zero for months. Since the Dencun update, the blob base fee has been stuck at 1 wei, which is almost nothing. 

Rollups were using the Ethereum data space for free, and the protocol had no real fee market. Fusaka fixes this by raising the minimum blob price to match the actual verification cost. This looks like a jump of millions of times, but in reality, users were paying almost zero before, so L2 fees will not suddenly spike.

Ethereum Blob Gas Fee Changes Explained

Developers introduced EIP-7918 to set a fair floor price for blobs. The old fee was too low and caused an imbalance. With the new rule, blob fees now move in a range between 0.01 Gwei and 0.5 Gwei. This restores normal pricing and stops the network from subsidizing rollups. 

More upgrades are coming soon. On December 9, the blob target will increase from six to ten. On January 7, it will rise again from ten to fourteen. This gives rollups more space to post data and helps keep L2 fees stable.

PeerDAS Brings Real Ethereum Scaling

The most important part of Fusaka is PeerDAS. It allows nodes to check only small samples of data instead of downloading everything. This reduces the load on node operators and increases the amount of data Ethereum can handle. 

It is the first real step toward Ethereum’s long-term scaling plan. The network still needs more upgrades in areas like block building and mempool design, but Fusaka moves Ethereum in the right direction. It gives L2 networks more room to grow and prepares the chain for new apps, from AI agents to on-chain games.

Fusaka is not a very big upgrade, but it strengthens Ethereum at the core. Users may not notice the change right away, but developers will build better apps because of it. Ethereum now has a more stable fee system and a stronger base for the next wave of growth

FAQs

Fusaka improves Ethereum by fixing blob fees and introducing PeerDAS, making L2 scaling more efficient and the network more stable.

Your L2 fees won’t spike. The upgrade stops an unsustainable subsidy where blobs cost almost nothing. It introduces a small, stable fee range to ensure the network’s long-term health and predictable, low costs.

By increasing blob space and using PeerDAS, Fusaka allows more L2 data, prepares the network for apps, and strengthens Ethereum’s core.

Michael Saylor’s company, Strategy (MSTR), has shifted its approach in a major way, building a $1.44 billion U.S. dollar reserve and slowing down its Bitcoin accumulation. 

According to CryptoQuant, the move shows the company is preparing for weaker or choppy market conditions ahead.

The reserve is designed to cover at least 12 months of dividends and debt payments, and the Strategy plans to stretch this safety buffer to 24 months or more. This marks a clear departure from its earlier model, where the company regularly issued stock and debt to buy large amounts of Bitcoin. The focus has now turned to liquidity, flexibility, and protection.

This shift is already visible. Strategy’s Bitcoin purchases dropped from 134,000 BTC in November 2024 to just 9,100 BTC in November 2025. So far this month, the company has acquired only 135 BTC, confirming that aggressive buying has paused.

Bearish Indicators Signal Potential Bitcoin Downtrend

CryptoQuant says several on-chain indicators are signaling a cooling market. Its Bull Score Index has fallen to zero for the first time since January 2022. Julio Moreno, head of research, says the downtrend began in early November and could push Bitcoin into the $70,000–$55,000 range next year if current weakness continues.

He also notes that Strategy’s large USD reserve slightly increases the possibility of Bitcoin sales, although any sale would only happen after hedging and other protections.

Strategy’s Dual-Reserve Model Strengthens Balance Sheet

Despite the cautious signals, CryptoQuant says Strategy’s new dual-reserve model holding both USD and BTC makes the company more stable. It reduces the risk of forced Bitcoin sales and gives the firm more flexibility in a downturn.

Analysts at Mizuho Securities agree. They maintained their “outperform” rating and $484 price target for MSTR, stating that Strategy can operate for more than three years at current Bitcoin prices without selling any of its holdings.

Bitcoin Market Outlook Shows 2022-Like Caution

Glassnode says the broader Bitcoin environment now looks similar to early 2022. While Bitcoin is trading above its long-term average cost basis, more than 25% of the supply is currently at a loss. 

Demand from ETFs, spot markets, and futures has weakened, and options traders are expecting lower volatility, signs of a market preparing for uncertainty rather than a breakout.

FAQs

MicroStrategy holds one of the largest corporate Bitcoin reserves, with more than 650,000 BTC accumulated over several years as part of its long-term strategy.

Yes. MicroStrategy has sharply reduced its Bitcoin purchases in 2025 as it focuses on liquidity and stability instead of aggressive accumulation.

No major sales are planned. The new USD reserve actually reduces the risk of forced Bitcoin sales and gives the company flexibility even if Bitcoin drops significantly.

Connecticut has ordered Kalshi, Robinhood, and Crypto.com to halt event-based contracts immediately, deepening its aggressive stance against digital assets.

The decision exposes a widening regulatory rift between state gambling laws and federal derivatives oversight.

A New Flashpoint in Connecticut’s Anti-Crypto Campaign

Connecticut has issued cease-and-desist orders to Kalshi, Robinhood Derivatives, and Crypto.com, accusing them of running unlicensed online sports betting through event-based prediction contracts.

The Department of Consumer Protection (DCP) claims the platforms violated state gaming laws and put consumers at risk.

The move arrives five months after Governor Ned Lamont signed a bill banning all state-level Bitcoin investments, cementing Connecticut as one of the least crypto-friendly jurisdictions in the US.

While states like Texas, Arizona, and New Hampshire explore Bitcoin reserves and permissive digital-asset frameworks, Connecticut continues to tighten restrictions.

Why the State Says Prediction Markets Are “Illegal Sports Betting”

In its December 3 press release, the DCP said none of the three platforms holds a license to offer wagering in the state.

Regulators accuse the platforms of:

• Advertising to people on the voluntary self-exclusion list
• Failing to implement integrity controls
• Allowing wagers on events with known outcomes
• Operating outside any consumer-protection framework
• Misleading users into believing the markets are legal investments

Against this backdrop, the DCP urges the platforms to cease all sports-event contracts and allow Connecticut residents to withdraw funds.

While both Robinhood and Kalshi push back, citing federal oversight, only the latter has filed a federal lawsuit challenging Connecticut’s authority.

Nonetheless, this clash highlights a growing legal fault line between state gambling laws and federal derivatives regulation.

A Multi-State Wave of Battles Is Forming

Connecticut is not alone. New York is embroiled in its own legal dispute with Kalshi. At the same time, a recent Nevada ruling asserted that state regulators may control sports-based event contracts, undermining the industry’s argument for exclusive federal oversight.

At the same time, the regulatory environment is changing: Polymarket has gained CFTC approval and expanded to more than 20 states, marking a stark contrast with Connecticut’s shutdown orders.

What This Means for Crypto Markets and Prediction Platforms

The crackdown intensifies Connecticut’s divergence from national crypto trends and heightens uncertainty around the legal status of event-based contracts.

With multiple states asserting authority, prediction markets face a complicated and fragmented US regulatory market.

More lawsuits are likely, and the outcome may determine whether prediction markets grow into federally supervised financial products or get treated as state-regulated gambling.

The next milestone will be Kalshi’s federal challenge and whether more states side with Connecticut or follow the Polymarket-plus-CFTC model.

Earlier this Tuesday, the price of Ethereum rose above the $3,200 mark, CoinGecko data shows. 

According to analytics firm Santiment, this growth can be attributed to shark wallets that hold between 1,000 and 10,000 ETH (roughly $3.2–32 million at current prices). 

This group of influential investors has been steadily accumulating ETH. 

As noted by Santiment, these wallets have been the “key alpha” for the second-largest altcoin throughout this year.

The network has added 190,000 new wallets in a day is a large spike, which shows strong demand.

Fusaka upgrade 

The most recent price spike has coincided with the launch of the Fusaka upgrade, which is Ethereum's latest major network hard fork. 

Co-founder Vitalik Buterin recently took to the X social media network to congratulate Ethereum researchers and developers. 

"Big congrats to the Ethereum researchers and core devs who worked hard for years to make this happen," Buterin said on X. 

The upgrade was successfully activated on mainnet on Dec. It combines two upgrades: "Fulu" (the consensus layer named after a variable star in the constellation of Cassiopeia) and "Osaka" (the execution layer named after the city hosting Devcon 2025). 

This is Ethereum's second big upgrade of 2025, following Pectra in May. 

Fusaka focuses on scaling data availability for Layer 2 (L2) rollups (e.g., Arbitrum, Optimism, Base) while keeping node operation affordable and decentralized. 

Fusaka primarily benefits L2 ecosystems: more data capacity means cheaper and faster transactions on rollups. 

Market maker Citadel Securities has recommended that the Securities and Exchange Commission tighten regulations on decentralized finance when it comes to tokenized stocks, causing backlash from crypto users.

Citadel Securities told the SEC in a letter on Tuesday that DeFi developers, smart-contract coders, and self-custody wallet providers should not be given “broad exemptive relief” for offering trading of tokenized US equities.

It argued that DeFi trading platforms likely fall under the definitions of an “exchange” or “broker-dealer” and should be regulated under securities laws if offering tokenized stocks.

“Granting broad exemptive relief to facilitate the trading of a tokenized share via DeFi protocols would create two separate regulatory regimes for the trading of the same security,” it argued. “This outcome would be the exact opposite of the “technology-neutral” approach taken by the Exchange Act.”

Citadel’s letter, made in response to the SEC looking for feedback on how it should approach regulating tokenized stocks, has drawn considerable backlash from the crypto community and organizations advocating for innovation in the blockchain space.

Crypto users, Blockchain Association hits out 

“Whoever thought Citadel would be against innovation that removes predatory, rent-seeking intermediaries from the financial system?” asked lawyer and Blockchain Association board member Jake Chervinsky on Thursday.

“Oh, right, literally every single person in crypto,” he added. 

Uniswap founder Hayden Adams added that it “makes sense the king of shady TradFi market makers doesn’t like open source, peer-to-peer tech that can lower the barrier to liquidity creation.”

Summer Mersinger, CEO of the crypto advocacy group the Blockchain Association, said that “regulating software developers as if they were financial intermediaries would undermine US competitiveness, drive innovation offshore, and do nothing to advance investor protection.”