Listen to today’s podcast: https://www.youtube.com/channel/UC-nqwUyvLDEvs7bV985k-gQ
Bitcoin/Crypto Daily Podcast 12/10/2025
Today’s podcast episode was created from the following stories:
PNC Bank Rolls Out Spot Bitcoin Access for Private Clients After 2025 Reveal
Source: CoinDesk | Author: Helene Braun, AI Boost | Edited by Nikhilesh De | Date: December 9, 2025
PNC became the first major U.S. bank to embed spot bitcoin trading directly inside its digital banking platform for eligible Private Bank clients, powered by Coinbase’s Crypto-as-a-Service. Coinbase provides custody, execution, and compliance, allowing PNC to offer BTC access without running a separate crypto brokerage. It’s a notable TradFi-onchain bridge that keeps the initial scope to bitcoin only.
Standard Chartered Sounds Alarm: A Major Bitcoin Buyer Has Disappeared
Source: BeInCrypto | Author: Brian McGleenon | Date: December 9, 2025
Standard Chartered cut its long-term BTC forecasts, saying corporate treasury buying has largely run its course and that ETF inflows will be the key driver from here. Analyst Geoff Kendrick pushed the bank’s $500,000 target to 2030, framing the current weakness as a “cold breeze,” not a crypto winter. The note downplays halving-cycle dominance and highlights drawdowns as within historical bounds.
Standard Chartered Throws in the Towel on Bullish Bitcoin Forecast
Source: CoinDesk | Author: Will Canny, AI Boost | Edited by Stephen Alpher | Date: December 9, 2025
Further detailing the shift, Standard Chartered slashed BTC targets—now seeing $100K in 2025 and $500K in 2030. With digital asset treasury firms trading below the value of their bitcoin and constrained from raising capital, the bank sees ETF flows as the lone remaining “leg” to the bull case. Institutional adoption could still drive gains, but on a slower timeline.
Crypto Markets Today: Bitcoin Slips Back Toward Danger Zone Ahead of Fed Decision
Source: CoinDesk | Author: Oliver Knight, Omkar Godbole; Edited by Sheldon Reback | Date: December 9, 2025
BTC eased toward $90K as traders eyed a widely anticipated 25 bps Fed cut that may already be priced in—setting up a possible sell-the-news reaction. Altcoins lagged with the “altseason” index at cycle lows, while options markets showed steady implied vol and puts still priced richer than calls. It’s a cautious setup with thinning catalysts into year-end.
Bitcoin Traders Target $20K Bitcoin Strike as Deep Out of the Money Options Gain Traction
Source: CoinDesk | Author: Omkar Godbole, James Van Straten | Date: December 9, 2025
Deribit activity shows hefty open interest in deep OTM June 2026 puts (notably the $20K strike) alongside high-strike calls above $200K—signaling long-dated volatility bets more than directional conviction. Professionals are using “deep wing” structures to cheaply position for extreme moves in either direction. If markets churn sideways, these lottery-ticket options decay fast.
US Spot BTC ETFs Bleed $60.4M as Altcoin Capital Flows Increase
Source: CryptoNews | Author: Not provided | Date: Not provided
U.S. spot Bitcoin ETFs recorded net outflows of about $60 million despite continued inflows to BlackRock’s IBIT, hinting at investor rotation. Some capital appears to be shifting into altcoins as market participants rebalance risk. The flow mix offers a read on institutional risk appetite day-to-day.
Japan Investors Exit Crypto Not Because of Volatility, But Because of This
Source: BeInCrypto | Author: Oihyun Kim | Date: December 9, 2025
A nationwide survey found tax complexity—not volatility—is the top reason former Japanese crypto investors exited the market. With gains taxed as high as 55% and extensive reporting burdens, many prefer to wait for clearer rules; rumored changes could reclassify crypto and cut the top rate to 20%. Streamlined taxation may be the unlock for Japan’s next wave of participation.
IREN Raises $2.3B, Repurchases Debt in Balance Sheet Overhaul
Source: CoinDesk | Author: James Van Straten, AI Boost | Edited by Sheldon Reback | Date: December 9, 2025
Bitcoin miner IREN issued $2.3B of new convertible notes, repurchased $544.3M of existing converts, and added capped calls to mitigate dilution up to $82.24 per share. The refinancing lowers coupon costs and extends maturities, with remaining proceeds earmarked for growth in mining and data centers. Shares dipped pre-market, still well off November highs.
Ethereum’s P2P Layer Is Improving Just as Institutional ETH Buys Pick Up
Source: CoinDesk | Author: Shaurya Malwa | Date: December 9, 2025
Vitalik Buterin highlighted advances in Ethereum’s networking stack, pointing to early PeerDAS performance as evidence the Foundation can ship complex P2P upgrades. He also floated the idea of an on-chain gas futures market to improve planning and hedging. Meanwhile, BitMine Immersion Technologies accelerated ETH accumulation, tying corporate treasury demand to confidence in the scaling roadmap.
USDC Issuer Circle Secures Abu Dhabi’s ADGM License in Middle East Expansion
Source: CoinDesk | Author: Krisztian Sandor, AI Boost | Edited by Nikhilesh De | Date: December 9, 2025
Circle obtained an FSP license from Abu Dhabi Global Market, enabling it to operate as a Money Services Provider and expand USDC use cases across the UAE. The move strengthens Circle’s regulated foothold in a fast-growing digital asset hub and underscores stablecoins’ role in payments and settlements. A new regional managing director signals intent to scale operations on the ground.
PNC Launches Bitcoin Trading With Coinbase for Wealthy Clients
Source: Yahoo Finance | Author: Not provided | Date: Not provided
PNC’s partnership with Coinbase brings spot BTC access to wealthy clients directly inside their existing banking experience. The rollout highlights continued convergence between traditional banking and crypto infrastructure. It’s a streamlined on-ramp designed for high-net-worth users.
