Bloomberg

Bloomberg reports JPMorgan is considering offering cryptocurrency trading to institutional clients, according to a person familiar with the matter. The potential move signals growing bank interest in meeting institutional crypto demand.

Bloomberg Intelligence senior macro strategist Mike McGlone warned on Dec. 15 that the Bloomberg Galaxy Crypto Index's 2025 pattern mirrors the 1929 Dow, dubbing the setup 'Peak Bitcoin?'. He argued the market is entering an early-stage purge akin to the Great Depression rather than a mere pause.

Bloomberg Intelligence strategist Mike McGlone suggested Bitcoin could serve as a primary indicator of the next recession. Traders and policy watchers may increasingly treat BTC moves as a proxy for liquidity and risk appetite.

Canarary Capital’s XRPC, a spot XRP ETF, logged $58 million in day-one trading — the largest ETF launch so far in 2025, according to Bloomberg analyst Eric Balchunas. The volume underscores renewed investor appetite for spot crypto ETFs tied to major tokens.

Thinking Machines Lab, the AI startup founded by ex-OpenAI executive Mira Murati, is reportedly in early talks to raise a funding round at about a $50 billion valuation, Bloomberg said Thursday. The company and valuation are still unconfirmed as talks continue.

Canary Capital's first U.S. spot XRP ETF begins trading today, with Bloomberg analyst Eric Balchunas forecasting roughly $17 million in first-day volume. The debut marks a notable step for XRP's market access and liquidity.

Veteran investor Jim Chanos told Bloomberg Markets he is "agnostic" on Bitcoin, stopping short of a clear bull or bear call. His comments highlight continued institutional caution around the crypto market.