Daily Market Wrap | Dec. 10

Hot Topics

• SEC approves Bitwise's BITW as U.S.'s second crypto index ETP, tracking top 10 assets with $1.25B AUM, trading on NYSE Arca.
• Strive launches $500M at-the-market preferred stock offering to fund Bitcoin acquisitions, holding 7,525 BTC currently.
• Standard Chartered halves 2025 Bitcoin target to $100K from $200K, but holds $500K long-term bull case by 2030.

Market Updates

• Stripe's Tempo launches testnet for stablecoin payments, adding Kalshi, Mastercard, UBS, and Klarna as partners.
• Cascade launches 24/7 neo-brokerage with unified margin for perpetuals on cryptos, U.S. stocks, and privates like OpenAI.