Bitcoin is trading just above its True Market Mean cost basis, with over 25% of circulating supply now underwater. The price structure mirrors conditions seen in early 2022. Net capital inflows remain positive at $8.69 billion monthly but significantly below July's $64.3 billion peak, according to Glassnode data.

Coinbase has launched live pilot programs with JPMorgan, Citigroup, and Bank of America to test stablecoin services, custody solutions, and cryptocurrency trading capabilities. CEO Brian Armstrong announced the trials on December 3, 2025, noting that participating banks view crypto as a core business line rather than an experimental project. The programs cover stablecoin operations, digital asset custody, and crypto trading infrastructure within the banks' regulated frameworks.

Bitcoin rose above $94,000 on December 3, marking a two-week high as the cryptocurrency sought to recover from losses exceeding $1 trillion since early October. Ether climbed nearly 10% to $3,092, while XRP and SOL posted gains of 8% and 11.7% respectively, according to CoinGecko.

Strategy holds approximately $59 billion in Bitcoin and may liquidate portions if its stock price drops below the value of its cryptocurrency assets. CEO Phong Le stated the company raised $1.4 billion in cash reserves to fund dividend and interest payments for up to two years without accessing its Bitcoin holdings. The firm is also exploring Bitcoin lending as an alternative strategy.

Alphabet shares climbed nearly 30% this quarter following the November 18 release of Gemini 3 and the Ironwood TPU chip. Nvidia and Microsoft stocks declined during the same period. Wells Fargo analysts report that Gemini and TPU-linked stocks now trade at a premium over ChatGPT and GPU-related equities for the first time in nearly a decade.

American Bitcoin (ABTC) shares fell 51% within 30 minutes on December 2, triggering multiple trading halts. The mining company, co-founded by Eric Trump, declined as Bitcoin retreated more than 30% from its October peak. The previous day saw nearly $1 billion in leveraged crypto positions liquidated across the market.

Anthropic tested AI agents on 405 real-world smart contracts and simulated $550.1 million in stolen cryptocurrency. Newer models exploited 34 contracts deployed after March 2025 for up to $4.6 million, with Opus 4.5 leading at $4.5 million. The agents also discovered two previously unknown zero-day vulnerabilities in live contracts worth $3,694 in test revenue.

Hedge fund manager Michael Burry described Tesla as "ridiculously overvalued" in a Substack post published Sunday, citing the company's trading multiple of 209 times forward earnings. Burry highlighted concerns about shareholder dilution, noting that Tesla dilutes its stock by 3.6% annually through compensation without offsetting buybacks. He warned that Elon Musk's $1 trillion pay package, approved by shareholders last month, will exacerbate the dilution.

Nvidia purchased $2 billion worth of Synopsys shares at $414.79 each on Monday, deepening a partnership aimed at accelerating chip design through GPU-powered workflows. Synopsys stock rose 4% following the announcement, while Nvidia gained 1%. The collaboration targets compute-intensive design tasks, aiming to reduce weeks-long processes to hours using accelerated computing platforms.