Grayscale: Quantum Computing Unlikely to Impact Bitcoin and Cryptocurrency Prices in 2026

On December 16, StraitX—a cryptocurrency infrastructure firm—announced plans to launch two stablecoins on the Solana public blockchain in early 2026: XSGD (tethered to the Singapore Dollar) and XUSD (tethered to the U.S. Dollar). The company will collaborate with the Solana Foundation to promote the rollout. At launch, users will be able to instantly convert SGD and USD directly on Solana’s chain—functioning as “on-chain forex trading.” This marks Solana’s first integration of a Singapore Dollar stablecoin. Currently, the network hosts roughly $15.7 billion in stablecoins pegged to fiat currencies like the U.S. Dollar and Australian Dollar, but SGD was not previously supported. StraitX noted that XSGD and XUSD will operate on Solana’s high-speed, low-cost environment, catering to use cases including AI automated payments, DeFi applications, cross-border settlements, and everyday transactions. The stablecoins will also be compatible with centralized exchanges (CEXs), automated

On December 16, PancakeSwap announced the launch of Probable — a user-first, zero-fee, fully on-chain prediction platform set to go live soon, exclusively on BNB Chain. Probable is developed and supported by PancakeSwap in collaboration with YZi Labs. Probable caters to users looking to predict cryptocurrency trends, global events, sports, and other region-specific markets in a simple, transparent, and efficient way. For its initial launch, Probable will charge zero prediction fees — letting users experiment, explore the market, and maximize potential returns more freely. A key highlight of Probable is its diverse, unique market types, covering crypto assets, global events, sports, and hyper-local regional markets. By offering niche markets rarely found on other platforms — especially regional events and local sports — Probable drastically expands the boundaries of prediction platforms. Probable uses UMA’s Optimistic Oracle to enable fast, tamper-proof, economically secure event ver

Per an official announcement, Binance Alpha will be the first platform to support Magma Finance (MAGMA) trading. Alpha trading for MAGMA is set to go live on **December 16, 2025, at 10:00 UTC**. Users holding at least 226 Binance Alpha Points are eligible to claim 250 MAGMA tokens via a first-come, first-served airdrop. If the reward pool isn’t fully claimed, the points threshold will automatically drop by 5 every 5 minutes. **Note**: Claiming the airdrop will deduct 15 Binance Alpha Points. Users must confirm their claim on the Alpha event page within 24 hours—failure to do so will result in forfeit of the airdrop.

On December 16, the Invesco Galaxy Solana ETF (QSOL)—jointly launched by Invesco and Galaxy Digital—has been listed on Cboe, and trading has begun, per official Cboe data.

On December 16, Solana issued an official statement noting that over the past week, the network has been targeted by continuous DDoS attacks—the fourth largest such incident in the history of any distributed system to date. So far, these attacks have had no impact on Solana’s network performance. Solana’s design goal is to be resilient enough to withstand even such extreme scenarios. BlockBeats Note: A DDoS (Distributed Denial of Service) attack occurs when an attacker controls a large number of devices to simultaneously send massive volumes of requests to a target system, aiming to exhaust its network bandwidth or computing resources—resulting in system congestion, service disruptions, or performance degradation.

December 16: The Nikkei 225 Index closed down 784.82 points (1.56%) at 49,383.29. South Korea’s KOSPI Index closed down 91.46 points (2.24%) at 3,999.13. (Source: Jin10)