OKX Accuses Mantra of Misleading OM Holders as Migration Dispute Turns Legal

Crypto companies are slowly moving into traditional industries, and Tether has now taken one of the biggest steps yet. On December 13th, Tether announced its plan to acquire Italian football club Juventus, with a proposed $1 billion investment if the acquisition is completed. Following the announcement, Juventus’ fan token, JUV, surged by 30%. Juventus is one of Europe’s most well-known football teams, and this deal, if completed, would mark a rare case of a crypto firm taking control of a major sports club.

Targeting Control of Juventus

Tether confirmed that it has made a binding offer to Exor, the holding company of the Agnelli family, which currently owns 65.4% of Juventus. The Agnelli family has been linked to the club for over a century, so this decision carries major historical weight. Accepting the offer would mean ending more than 100 years of family control over the club.

Along with buying Exor’s stake, Tether’s proposal includes a public offer to purchase remaining shares at the same price, once regulatory approvals are cleared. The goal is to secure majority control while keeping the process open and transparent for other shareholders.

Strong Market Reaction

The market reacted quickly after news of the bid became public. Juventus shares jumped, lifting the club’s market value close to €1 billion. At current prices, Exor’s existing stake is valued at roughly €540 million. This sharp move shows renewed investor interest and optimism around the possibility of new ownership and fresh capital entering the club.

More Investment Planned

Tether has said that its plans go beyond simply buying the club. If the deal is approved, the company is ready to inject up to €1 billion more into Juventus over time. This funding would be aimed at long-term growth, including infrastructure upgrades, team development, and expanding the club’s global presence.

The bid comes despite ongoing discussions in the crypto space about Tether’s finances. However, research firm CoinShares has previously stated that Tether is not financially weak, helping ease concerns about its ability to support such a large investment.

Why Juventus Matters to Tether

According to Tether, Juventus represents a strong global brand with lasting commercial and sporting value. CEO Paolo Ardoino said the offer reflects Tether’s focus on serious, long-term investments as it expands beyond stablecoins into real-world businesses.

This move highlights a broader trend where crypto companies are no longer limiting themselves to digital markets. If successful, Tether’s bid would place a major crypto firm at the center of global football, showing how closely digital finance and traditional industries are beginning to connect.

FAQs

Tether has made a binding offer to acquire Juventus, aiming for majority control pending regulatory approval. The deal is feasible but not yet finalized.

Yes, Tether plans to inject up to €1 billion into Juventus for team development, infrastructure upgrades, and global expansion.

Juventus shares jumped sharply, reflecting investor optimism about new ownership and the club’s future growth potential.

Yes, the deal depends on regulatory approvals, as large crypto-financed acquisitions are closely monitored.

Crypto firms see clubs as strong global brands with long-term value, bridging digital assets with real-world business opportunities.

Sui , a Layer-1 blockchain network, has overtaken Ethereum in daily bridged inflow, jumping to 3rd place, showing rising interest from users and investors even as its token price slipped nearly 5%. 

While SUI trades near $1.57, strong on-chain activity is now fueling hopes of a price recovery toward $2.10.

Sui Beats Ethereum in Daily Inflows

According to on-chain data tracked this week, Sui moved ahead of Ethereum in daily bridged inflows. It ranked third overall, behind only Arbitrum and Avalanche. This data shows where new money is flowing across blockchains in real time.

Even though Ethereum still leads in total value locked, Sui is seeing clear growth in real usage. Its daily DEX trading volume has reached $227 million, showing active on-chain demand rather than short-term speculation.

Market watchers see this as a signal that users are prioritizing speed, lower costs, and smoother user experience over legacy positioning.

Why Capital Is Moving Toward Sui Network

Sui’s growth is closely linked to its object-based design, which allows many transactions to run at the same time. This helps the network stay fast and cheap, even during busy periods.

Crypto investor Kyle Chasse explained that this design works well in real conditions. It reduces congestion, lowers fees, and cuts latency, making it attractive for decentralized apps, traders, and developers.

As development becomes simpler, more builders move to Sui. With more apps and users joining, liquidity follows and often stays, helping the network grow steadily.

SUI Price Record 5% 

Despite the strong inflow data, SUI fell about 5% today and is trading near $1.57, with a market value of $5.9 billion. Daily trading volume is still strong at $706 million, showing people are actively buying and selling.

Looking at the SUI 1-hour chart, Crypto analysts Master of Crypto say it is showing signs of a big weekly turnaround. If SUI dips slightly and recovers, it could move toward $1.78. 

According to a report from CNBC, Coinbase (COIN), the largest cryptocurrency exchange in the US, is preparing to launch its own prediction market in collaboration with Kalshi, one of the largest federally regulated financial exchanges in the country. 

Coinbase Teases Major Updates

The anticipation surrounding the prediction market has been building for nearly a month. Recently, a screenshot of what appears to be Coinbase’s prediction markets dashboard was shared by Silicon Valley researcher Jane Manchun Wong in a post on social media site X (previously Twitter), shedding some light on the features of the forthcoming product. 

The Information first indicated on November 19 that Coinbase planned to introduce these prediction markets powered by Kalshi, with a formal unveiling set for the “Coinbase System Update” event scheduled for December 17. Formal announcements regarding this new platform are expected soon, potentially as early as next week.

Bloomberg corroborated this report, stating that the cryptocurrency exchange is also likely to announce a tokenized stock offering during the same event, in line with Tether’s same vision reported earlier this week.

While Coinbase has refrained from confirming these developments directly to CNBC, the company has encouraged stakeholders to tune in to its upcoming event for more details. The firm did not disclose a specific timeline for when the prediction markets will become available to users.

‘Everything Exchange’ Status 

Coinbase’s push to launch a prediction market is part of a broader strategy to transform itself into an “everything exchange”—a comprehensive platform for trading a wide variety of assets, including cryptocurrencies, tokenized stocks, and event contracts. 

CEO Brian Armstrong articulated this vision earlier in May, stressing that the cryptocurrency exchange aims to evolve into a leading financial services application within the next decade.

This development comes as Coinbase faces increasing competition from rivals like Robinhood (HOOD), Gemini (GEMI), and Kraken, all of whom have introduced tokenized equity offerings for users outside the US and are exploring prediction markets to varying extents. 

Coinbase is expanding its range of financial instruments while making a series of acquisitions this year. These include major deals such as the purchase of the crypto derivatives exchange Deribit and the on-chain advertising firm Spindl, as well as seven other major acquisitions. 

This also follows a shift in investor sentiment in the digital asset space, with the largest cryptocurrencies — including Bitcoin (BTC) — having retraced by over 30% since October amid fears of a new bear market beginning. 

Over the past months, the exchange’s stock, which trades under the ticker name COIN, has also seen a significant drop of over 39%, with the current valuation standing at $267 per share. 

Featured image from DALL-E, chart from TradingView.com 

The crypto market is extending losses as Bitcoin and altcoins face a sharp Friday sell-off, with prices sliding 5–10% across major tokens. While the timing may feel familiar, the pressure is not random. Markets are reacting to tightening global liquidity conditions, driven largely by renewed concerns over Japan’s interest rate policy and its impact on risk assets worldwide.

BOJ Interest Rate Signals Drain Liquidity From Risk Assets

Investor sentiment turned sharply lower after reports suggested the Bank of Japan could move toward another interest rate hike at its December 18–19 meeting. Japanese bond yields jumped following the news, triggering a pullback across global markets. For years, Japan’s ultra-low interest rates acted as a backbone for cheap global liquidity, allowing funds to deploy capital into higher-risk assets such as equities and crypto.

As expectations shift toward tighter policy, that cheap liquidity is being withdrawn. Funds are reducing exposure, leverage is coming down, and risk assets are bearing the brunt. This has resulted in broad-based selling across stocks, Bitcoin, and altcoins, with the impact amplified by thin liquidity during late-week trading.

Bitcoin Price Crash Deepens as Key Levels Break

Bitcoin’s decline accelerated after it failed to hold critical support near $92,000. Once that level was lost, liquidation pressure spread quickly across derivatives markets, dragging prices lower. The breakdown triggered a familiar pattern seen during illiquid market conditions, where forced selling intensifies moves beyond what fundamentals alone would suggest.

Market watchers are now closely tracking the $86,000 area, with downside risk extending toward a sweep of previous lows in the $78,000–$80,000 range.

Jupiter, the top decentralized exchange (DEX) aggregator on Solana, has unveiled a comprehensive suite of eight major upgrades at Solana Breakpoint 2025, designed to transform the platform into a full-scale DeFi hub. The primary goals of these upgrades are to simplify DeFi, improve safety, and complete Jupiter’s offerings beyond just token swaps.

JupUSD Brings a Native Stablecoin

The biggest announcement is JupUSD, a new dollar-backed stablecoin built with Ethena. Unlike most stablecoins that live separately from apps, JupUSD is designed to work directly inside Jupiter’s products. Users will be able to use it while setting up DCA strategies, placing limit orders, and taking part in prediction markets, while also earning rewards. Jupiter believes that owning both the stablecoin and the platform allows funds to move more smoothly across swaps, perpetual trades, and lending. JupUSD is set to launch next week and will tap into the large trading volumes already flowing through Jupiter.

Lending Grows Stronger on Solana

Jupiter Lend is another major focus. The lending platform has now exited beta and is fully open source, giving users and developers full transparency. In just eight days, Jupiter Lend reached one billion dollars in supplied assets, the fastest growth seen on Solana so far. New design changes allow risky positions to be closed more safely and make borrowing more flexible. Around the same time, Solana’s stablecoin activity is expanding, with Western Union planning a dollar token launch in 2026 and the Solana Foundation working with Wavebridge on a regulated Korean won stablecoin.

Trading and Data Tools Get an Upgrade

For traders, Jupiter introduced a new all-in-one Terminal that brings spot trading, perps, wallet tracking, and market data into one place. It includes advanced order options and runs on Jupiter’s Ultra v3 engine, which is already trusted by large platforms like Robinhood. Developers also benefit from a new Developer Platform that puts logs, performance data, usage stats, and error tracking into one clear dashboard, making it easier to build and fix apps faster.

Analyst Sees a Bullish Signal

Solana creator and well-known analyst Fabiano.sol shared a strongly positive, or “bullish,” view on Jupiter’s comprehensive upgrade package, citing the sheer volume of high-impact features and their potential to solidify Jupiter’s market dominance.

Key Bullish Takeaways from Fabiano.sol:

• Breadth of Announcements: While many projects announce one feature, Jupiter delivered eight significant features at once, signaling serious commitment and operational momentum.
• Stablecoin Revenue Potential: Stablecoins are among the biggest revenue generators in crypto. Fabiano.sol believes JupUSD could quickly become one of the largest stablecoins on Solana due to the sheer scale and integrated utility of the Jupiter platform.
• Lending Transparency: He praised the move to make Jupiter Lend fully open source, calling transparency an essential and non-negotiable factor for building trust and systemic safety in Decentralized Finance (DeFi).
• Ecosystem Safety: The upgraded VRFD system was specifically noted for its importance, as it directly improves safety by reducing the prevalence of scams and impostor tokens.
• Strategic Acquisition: The acquisition of RainFi strengthens Jupiter’s position in peer-to-peer lending and expands its DeFi product set.
• Growth Commitment: The new rewards program, offering over $1 million in swap incentives, demonstrates Jupiter’s serious, concerted push to rapidly grow and incentivize its ecosystem.

FAQs

JupUSD is a dollar-backed stablecoin on Solana, designed to work seamlessly within Jupiter’s DeFi tools for trading, lending, and rewards.

Unlike most stablecoins, JupUSD integrates directly with Jupiter products, enabling seamless swaps, lending, and trading without leaving the platform.

Through $1M+ in swap rewards, JupUSD integration, lending incentives, and easy-to-use developer tools, Jupiter encourages adoption and ecosystem expansion.

XRP is in a mild undervalued zone according to the 30-day MVRV Ratio. Here’s how other cryptocurrencies like Bitcoin and Ethereum compare.

XRP 30-Day MVRV Ratio Shows Negative Returns

In a new post on X, on-chain analytics firm Santiment has talked about how the 30-day Market Value to Realized Value (MVRV) Ratio is currently looking for the different top coins in the cryptocurrency sector like Bitcoin and XRP.

The “MVRV Ratio” is a popular indicator that keeps track of the ratio between an asset’s market cap and its Realized Cap. The latter capitalization model calculates the cryptocurrency’s total value by assuming the value of each individual token is equal to the spot price at which it was last transacted on the blockchain.

The Realized Cap can be thought of as an estimate of the capital that the investors as a whole used to purchase their tokens. In contrast, the market cap is the value that they are carrying in the present. As the MVRV Ratio takes the ratio between the two, it essentially contains information about the profit-loss balance of the investors.

In the context of the current topic, a very specific form of the MVRV Ratio is of interest: the 30-day version. This metric only tracks the profit-loss balance for the traders who got into the market during the past month.

Now, here is the chart shared by Santiment that shows the trend in the 30-day MVRV Ratio for six assets: Bitcoin, Ethereum, Cardano, XRP, and Chainlink.

As is visible in the above graph, the 30-day MVRV Ratio hasn’t displayed a uniform behavior across the top cryptocurrencies, indicating that the situation of the 30-day buyers is different for the various assets.

Ethereum currently has the metric at a positive value of 7.2%. This means that market entrants from the past month are sitting on a gain of 7.2% on the network. Bitcoin also has a positive value, but at just a level of 2.4%, the 30-day traders are more-or-less breaking even.

Chainlink also has a very neutral trend with the 30-day MVRV Ratio at a value of -0.3%. Cardano 30-day traders are also in the red, but in its case, the losses are more notable at -4.4%.

Finally, new XRP investors are down 6.1%, implying that the network currently hosts the worst trader profitability. This fact, however, may not actually be negative for the cryptocurrency.

Generally, the higher investor gains get, the more likely they become to participate in a selloff with the aim of profit realization. This can make a top more probable for the asset when its MVRV Ratio is at a high level. Similarly, a deep negative value can be bullish instead, as it suggests profit-takers have probably become depleted.

In the chart, the analytics firm has defined overvalued and undervalued zones based on the 30-day MVRV Ratio. XRP is currently the only one in an undervalued zone, while Ethereum is inside a mild overbought region.

XRP Price

At the time of writing, XRP is floating around $2.04, up 1.5% over the last 24 hours.