Sold common stock to create a $1.44B cash reserve to fund preferred-share dividends.

Slashed its full-year profit and Bitcoin yield targets following recent BTC price declines.

Added modestly to its Bitcoin holdings now sitting at 650,000 BTC.

A defensive shift in a volatile market.

Tokenized prediction markets are now live on Solana through Kalshi.

More than 2 million dollars in builder grants are available to support new projects.

Axiom Exchange will launch next, and more blockchains are expected to join soon.

BOA Enters Crypto

BofA has publicly advised that its wealth-management clients consider putting 1% to 4% of their portfolios into cryptocurrencies (or "digital assets").

New Policy: Starting 5 January

2026, the bank's investment-office will begin formal coverage of several regulated Bitcoin ETFs, making it easier for advisers to recommend crypto exposure.

The move marks a broader trend of institutional acceptance of crypto: other major firms (e.g., Morgan Stanley, BlackRock, Fidelity Investments) have given similar guidance (e.g., 2-4%, or 1-2%) for investors comfortable with volatility.

Texas just became the first U.S. state to officially buy Bitcoin, starting a $5M BTC reserve. They bought during a market dip, showing long-term conviction-not hype.

Donald Trump's recent post on Truth Social sparked excitement in the market after he wrote the ticker $BIG while discussing sports.

The "$" sign is generally used for asset tickers, leading many market participants to assume Trump is signaling a new token launch. However, there is no official confirmation at this time. Even so, a single post was enough to set both the stock and crypto communities buzzing with speculation.

Source: Donald J. Trump

Coinbase Research noted that the U.S. central bank has begun adding liquidity to the market through the purchase of $40 billion in government bonds. This move, described as a form of subtle easing, could continue until April 2026.

At the same time, the benchmark interest rate was cut to 3.50%-3.75%, marking the third rate cut this year. This development is seen as positive for risk assets, including cryptocurrencies.

Source: Lookonchain

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