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[ Bitwise CIO: 2026 will be a record year for crypto ETF inflows ]
Bitwise Chief Investment Officer Matt Hougan stated that the recent crypto market downturn was primarily due to two factors: "investors selling in anticipation of the approaching four-year cycle" and the "10/11 market crash." He believes the market will rebound once these negative factors dissipate. Furthermore, Hougan noted that the trajectory of crypto ETFs is "extremely optimistic," with some large brokerages entering the market. He predicts 2026 will be a record year for crypto ETF inflows, and as tokenization and institutional adoption become key price drivers, the cryptocurrency market will gradually mature according to its own fundamentals.
[Analyst at Tom Lee's fund: BTC may fall to $60,000 to $65,000 in the first half of 2026]
In his “2026 Crypto Outlook” report, Sean Farrell, head of cryptocurrency strategy at Fundstrat, Tom Lee’s fund, said, “While I believe there are still strong bullish factors for Bitcoin and the crypto market as a whole in the long term, and liquidity-driven support is expected to emerge in 2026, we may still need to digest some risks in the first/second quarter of 2026, which may present more attractive entry points.”
My baseline prediction is a significant drop in the first half of 2026. Bitcoin may fall to $60,000–$65,000, Ethereum to $1,800–$2,000, and SOL to $50–$75. These price levels will provide good opportunities for positioning before the end of the year. If this prediction proves wrong, I still prefer to maintain a defensive stance and wait for confirmation signals of a strengthening trend. My year-end target for Bitcoin is approximately $115,000, and for Ethereum, it could reach $4,500.
Within this framework, ETH's relative strength will become even more pronounced. I believe this is reasonable because Ethereum possesses more favorable structural liquidity characteristics, including: the absence of miner selling pressure, immunity to MSTR-related factors, and relatively lower concerns about quantum risk.
SWIFT will introduce blockchain ledgers to expand its existing financial infrastructure.
Swift has officially announced its collaboration with over 30 banks worldwide to advance the design of a blockchain-based ledger system. This system aims to expand existing financial infrastructure and support the large-scale circulation of tokenized assets. Swift states that the ledger will record and verify transaction order through smart contracts, enabling parallel operation with existing systems, addressing the fragmentation of digital finance, and improving the efficiency of global cross-border payments and asset transfers.
Crypto industry supporter and US Senator Cynthia Lummis announces she will not seek re-election.
Cynthia Lummis, a Republican senator from Wyoming who has long championed cryptocurrency legislation, announced that she will not seek re-election, with her term ending in January 2027. Lummis, who chairs the Senate Banking Committee's Subcommittee on Digital Assets, has been at the heart of congressional cryptocurrency regulatory legislation for many years and has pushed for cryptocurrency tax reform and Trump's strategic Bitcoin reserve legislation. She stated that although she will not run for re-election, she will remain focused on pushing for significant legislation in 2026.
Citibank lowered target prices for some crypto stocks, but remains bullish on the sector.
Wall Street bank Citigroup updated its digital asset stock report, lowering its price targets for some crypto stocks despite the recent widespread decline in the crypto market, but remaining bullish on the sector. Analyst Peter Christiansen and his team stated in a report on Friday, "Despite recent increased token volatility, we remain bullish on digital asset stocks." Circle Financial (CRCL), the issuer of the stablecoin USDC, remains Citigroup's top pick, with the team reiterating its $243 price target, even though the stock has recently fallen sharply to its current price of $83.60.
Christiansen's next stock picks are Bullish (BLSH) and Coinbase (COIN). He stated, "We believe BLSH is well-positioned to benefit from increased participation from institutional investors (especially in the US) and traditional finance (TradFi)." His price target for BLSH was lowered from $77 to $67, but this still represents significant upside from the current price of $44. The price target for COIN remains at $505, with the current share price at $242. MicroStrategy (MSTR), rated "Buy," recently fell to around $160, and its price target was also lowered from $485 to $325, but still suggests approximately 100% upside potential.
The U.S. Securities and Exchange Commission (SEC) is seeking to ban former core executives of FTX from serving as directors or executives of publicly traded companies for 8-10 years.
The U.S. Securities and Exchange Commission (SEC) today filed a motion for a "final consent judgment" in the Southern District of New York against Caroline Ellison, former CEO of FTX-affiliated Alameda Research, Gary Wang, former CTO of FTX, and Nishad Singh, former chief engineer.
Under the settlement agreement, Ellison agreed to a 10-year ban on serving as an executive or director, while Wang and Singh agreed to an 8-year ban. None of the three denied the SEC's allegations of violating securities laws' anti-fraud provisions. This case stemmed from investor fraud uncovered after FTX's bankruptcy in November 2022.
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