[Morning News Briefing] Goldman Sachs acquires Bitcoin fund issuer, BTC mining industry faces profitability crisis

Source: TokenPost Original Title: [Morning News Briefing] Goldman Sachs Acquires Bitcoin Structured Fund Issuer, etc. Original Link:

Goldman Sachs Acquires Bitcoin Structured Fund Issuer

Goldman Sachs has agreed to acquire Innovator Capital Management, a structured fund issuer for Bitcoin. The acquisition is expected to be completed in the second quarter of 2026. Through this acquisition, Goldman Sachs will manage an additional $28 billion in assets and plans to strengthen its ETF business in the future.

US House “Government Suppressed Cryptocurrency for Years”

French Hill, chairman of the U.S. House Financial Services Committee, asserted in a report that “the Biden administration systematically suppressed the cryptocurrency industry through measures that pressured the industry by blocking access to Chokepoint 2.0( banks).” The report pointed out that “major regulatory agencies, including the U.S. Securities and Exchange Commission( SEC) and the Federal Reserve( Fed·FOMC), have blocked relevant activities of cryptocurrency companies and banks with excessive discretion and without clear guidelines, resulting in widespread debanking( and restricted access to banking services) for cryptocurrency companies.”

The BTC Mining Industry Faces a Profitability Crisis

Analysis has emerged that the BTC mining industry is facing a serious profitability crisis. The hash price has plummeted from an average of about $55 per PH/s in the third quarter to the current $35. The payback period for new mining equipment has also exceeded 1000 days, which is longer than the remaining 850 days until the BTC halving.

BlackRock CEO “Asset tokenization is the key pillar of the next-generation financial market”

BlackRock CEO Larry Fink assessed that tokenization, which records asset ownership on blockchain and other digital ledgers, will be the key to leading the financial market in the future. He stated, “Tokenization is gaining attention as a technology with substantial practical value, going beyond cryptocurrency speculation. Tokenization makes asset transactions faster and safer, and expands market accessibility.”

First Digital, the issuer of FDUSD, is pushing for a SPAC listing in the US.

Hong Kong's cryptocurrency custodian and FDUSD issuer, First Digital Group(, is seeking to go public through a merger with New York-based special purpose acquisition company) SPAC( CSLM Digital Asset). First Digital has submitted a letter of intent( LOI).

Kalsi, support for tokenized prediction contract trading on Solana

Kalshi ( supports tokenized prediction contract trading on Solana. Kalshi's existing prediction contract products can now be traded in real-time on the Solana blockchain in a tokenized form.

Coinbase Investigation Cooperation Request Received Up 19% Year-on-Year

Coinbase stated that in its transparency report for 2025, the number of cooperation requests received from judicial authorities in various countries during the past year, from October 2024 to September 2025, was 12,716, an increase of 19% compared to the previous year. The country that requested the most cooperation was the United States, accounting for 53% of the total.

Large-scale USDT Transfers and XRP Whale Address Trends

1,420,000,001 USDT)14.2 billion dollars( has been transferred from the HTX address to the Aave address. Meanwhile, while the number of XRP whale addresses is decreasing, the amount of XRP they hold has actually increased. The number of whale addresses holding more than 100 million XRP has decreased by 20.6% compared to 8 weeks ago, but their total holdings have reached 4.8 billion XRP, the highest in 7 years.

Coinbase Supports SUI Trading for New York Users

The American cryptocurrency exchange Coinbase announced that it supports SUI trading on Coinbase.com and the Coinbase iOS and Android apps for users in New York, USA. It also listed RLS.

BTC Market Analysis and Price Fluctuation

Analysts have suggested that whether BTC can end 2025 on a rise will be decided this week. It is evaluated that adverse factors from Asia, such as Japan's interest rate hike, thinning market liquidity, and the potential selling risk of strategies, have triggered a series of bearish trends. In the last hour, forced liquidations of futures positions amounting to $111 million occurred, and over the past 24 hours, forced liquidations of futures positions totaling $897 million took place. BTC fluctuated around $85,000 and then dropped below $84,000.

Canadian Stablecoin Regulation

As the Canadian government pushes to introduce stablecoin regulations, local bank Scotiabank) assessed that the impact of this measure on the financial market will be minimal. The regulatory goal is not to address systemic risks but to improve payment speed and efficiency and to establish a 24-hour payment system.

New USDC Issuance

250 million USDC has been newly issued from the address of the USDC treasury.