BNB breaks through $840

- Ethena's USDe stablecoin TVL fell 50% to $7.6B amid yield compression and unwinding leveraged carry trades, despite rising onchain transaction volume. - The synthetic stablecoin's 5.1% APY now lags Aave's 5.4% USDC borrowing rates, triggering outflows as leverage strategies become unprofitable. - Collapsing 10x leverage loops and maturing perpetual tokens accelerated TVL decline, exposing fragility of yield-bearing stablecoins in risk-off markets. - Chaos Labs recommends lowering Aave V3 stablecoin borro

- Klarna , a Swedish fintech , launches KlarnaUSD, its first stablecoin, after CEO Sebastian Siemiatkowski previously dismissed crypto as impractical. - Pegged to the U.S. dollar, the stablecoin uses Stripe's Open Issuance platform and Tempo blockchain, with a 2026 public launch planned. - Aimed at cutting $120 billion in annual cross-border payment fees, it targets 114 million users and $112 billion in GMV, aligning with a $27 trillion stablecoin market surge. - The move deepens Klarna's partnership with

- Bitcoin (BTC-USD) fell 30% from its $126,000 peak to $87,080 amid ETF outflows, stablecoin liquidity declines, and leverage unwinds. - A $13.3B options expiry on Dec 26, 2025, features a $1.74B call condor bet targeting $100,000–$118,000, with profits capped at $112,000. - November saw $3.5B in Bitcoin ETF outflows, while stablecoin market cap dropped $4.6B, signaling heightened liquidity risks. - Market stability signs include a 32 RSI near oversold levels and reduced downside protection costs, though s

- Bitcoin's recent price drop and negative funding rates suggest market capitulation, with open interest collapsing 32% since late October 2025. - Institutional holdings like KindlyMD's $681M BTC stash and Harvard's ETF investments highlight growing long-term confidence in Bitcoin's stability. - Q3 2025 crypto VC surged 290% to $4.65B, while experts diverge: Standard Chartered targets $200K BTC by year-end, Kraken predicts $80K–$100K consolidation. - Macro risks including Japan's reserve rules and AI-drive