📰 CoinEasy Newsletter - Tuesday, December 23rd Summary ✅ TD Cowen: "Possibility of a Prolonged Crypto Winter… Increased Cash Holdings Necessary" - Recovery Expected to be Delayed Due to Worsening Interest Rate and Liquidity Environment - Warning Against Aggressive Leverage Strategies - Cash Holdings Considered a Key Option in the Next Cycle ✅ Banking Startup Erebor Raises $350 Million, Valued at $4 Billion - FDIC-Approved Digital Asset-Friendly Banking Model - Focused on Financial Services for Crypto and Fintech Companies - Reflecting Regulatory Demand for Legal Crypto Banking ✅ Thiel-Backed Ethzilla Sells $74.5 Million in ETH… Strategy Shift - Large-Scale ETH Selloffs for Debt Repayment - Retreat from DAT-Focused Strategy - Re-Evaluation of ETH Treasury Model Risks ✅ Benchmark Presents $85 Target Price for Hut 8 - AI Data Center Contracts Evaluated as Key Growth Driver - Mining → AI Infrastructure Conversion Strategy Positive - Crypto Mining Stocks Continue to Re-Evaluate ✅ JP Morgan: "Wall Street Expands Institutional Crypto Trading" - Strengthening Digital Asset Desks at Large Financial Institutions - Growing Demand Focused on OTC and Derivatives - Accelerating Crypto Inclusion in Traditional Finance ✅ Coinbase Pursues Acquisition of Prediction Market Startup 'The Clearing Company' - Aims to Secure Regulatory-Compliant Prediction Market Infrastructure - A Key Puzzle Piece in Everything Exchange's Strategy - Signals Expansion of Legal Prediction Markets in the US ✅ Strategy: Additional Cash and Dividend Reserves Ahead of Year-End - Conservative Financial Management to Prepare for Increased Volatility - Long-Term Uncertainty Response Strategy - Strengthening the Defensive Position of Corporate Treasury ✅ Launch of Flare-Based XRP Yield Product 'EarnXRP' - XRP Providing on-chain yield opportunities for holders - Attempts to expand DeFi usability - Expected to stimulate demand within the XRP ecosystem ✅ Global crypto ETPs see weekly outflows of $952 million due to delays in the CLARITY Act - Institutional funds fleeing due to regulatory uncertainty - Both Bitcoin and Ethereum ETPs experience net outflows - Reaffirming the importance of policy clarity