Inflation Says Bitcoin Never Touched $100K...

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• Bitcoin ‘Never Crossed’ $100K if Adjusted for Inflation, Says Alex Thorn

• IMF Confirms Progress on El Salvador’s Chivo Bitcoin Wallet Sale

• Former FTX US President Raises $35 Million for Traditional-Asset Perpetuals Exchange: The Information

• Crypto.com Hires Internal Market Maker for Predictions – Is the Exchange Trading Against Users?

📣 Bitcoin ‘Never Crossed’ $100K if Adjusted for Inflation, Says Alex Thorn

Bitcoin’s inflation-adjusted price peaked at $99,848 in 2020 dollars, according to Galaxy’s Alex Thorn.

• Galaxy head of research Alex Thorn said Bitcoin never truly crossed $100,000 when adjusted for inflation, despite reaching a nominal all-time high above $126,000 in October.

• Using 2020 dollars and cumulative CPI data, Thorn estimates Bitcoin’s inflation-adjusted peak at $99,848, just shy of the six-figure mark.

• The analysis suggests a roughly 20% decline in US dollar purchasing power since 2020, based on CPI data showing inflation of 2.7% year over year in November.

👍️ IMF Confirms Progress on El Salvador’s Chivo Bitcoin Wallet Sale

The IMF says talks over selling El Salvador’s state-run Chivo Wallet are progressing.

• The International Monetary Fund said negotiations over the potential sale of El Salvador’s government-run Chivo Wallet are well advanced, as part of ongoing discussions tied to the country’s Bitcoin strategy.

• The talks follow a May agreement between the IMF and El Salvador, under which the fund agreed to disburse $120 million in a $1.4 billion loan program, conditional on halting new Bitcoin purchases and scaling back state involvement in Bitcoin-related activities.

• There are still questions over compliance, as El Salvador’s Bitcoin Office continued to announce purchases despite IMF claims that no Bitcoin had been bought since December 2024.

💵 Former FTX US President Raises $35 Million for Traditional-Asset Perpetuals Exchange: The Information

Former FTX US president Brett Harrison raised $35 million for Architect Financial Technologies to build a regulated perpetual futures exchange.

• Former FTX US president Brett Harrison raised $35 million for his startup Architect Financial Technologies to build a regulated exchange applying crypto-style market design to perpetual futures tied to traditional assets.

• The funding round was led by Miami International Holdings and Tioga Capital, valuing Architect at about $187 million.

• Architect operates AX, a global perpetual futures exchange offering non-expiring derivatives linked to equities and foreign exchange, which suggests there is growing institutional interest in perp-style products beyond crypto markets,.

👀 Crypto.com Hires Internal Market Maker for Predictions – Is the Exchange Trading Against Users?

Crypto.com is hiring traders for an internal market-making desk in its prediction markets.

• Crypto.com is expanding into prediction markets and plans to staff an internal market-making desk. However, this caused debate over whether exchanges could end up trading directly against their own users.

• According to a report by Bloomberg, the exchange is recruiting a quantitative trader to actively buy and sell sports-related outcome contracts on its US prediction market platform to support liquidity.

• The move comes as prediction markets grow rapidly across crypto and traditional finance, but the use of in-house market makers renewed concerns around transparency and potential conflicts of interest.

👀 QUICK NEWS

• BlackRock Staffing Up For Next Phase Of Crypto Expansion

• Solana Treasury Upexi Slides 7.5% on $1B Shelf Registration Filing

• ETF Data Shows Bitcoin Dominance Held Firm in 2025 as Ethereum Gradually Gained Share

• Gnosis Announces Hard Fork to Recover Funds from Balancer Exploit

• Coinbase Enables Direct SOL Transfers Between Solana and Base

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