UBS: Expects US Stocks to Continue Rising Through 2026, Advises Investors to Maintain Allocation

Per official sources, Hyperliquid has launched a new LIT/USDC perpetual contract that offers up to 3x leverage, effective December 22.

December 22: Sky Protocol announced in a social media post that it repurchased 32.3 million SKY tokens last week using 1.9 million USDS. Since the launch of its buyback program, total repurchase spending has now topped 94 million USDS.

On December 22, U.S.-listed ETH treasury firm ETHZilla announced via social media that it has sold 24,291 ETH to help redeem its outstanding senior secured convertible notes, raising approximately $74.5 million. The company plans to use all or most of the proceeds for the note redemption. Going forward, ETHZilla expects its value to be driven primarily by revenue and cash flow growth from its Real World Asset (RWA) tokenization business. Effective immediately, it will cease updating the "adjusted asset net value" (mNAV) dashboard on its official website, though it intends to continue providing regular balance sheet updates. Additionally, ETHZilla will continue disclosing material changes to its ETH holdings and/or share count through U.S. Securities and Exchange Commission (SEC) filings and social media posts.

December 22 — Official sources confirm that prediction market platform Kalshi now supports BNB Chain. This means users can directly use BNB and stablecoins held on BSC to trade outcomes of real-world events. By integrating with BSC, Kalshi lets users access the world’s most active, liquid prediction market directly—no complex cross-chain bridging or manual network switching required. For BSC users, this offers a faster, more straightforward way to grow their assets. With this integration, users can deposit and withdraw BNB and major stablecoins on BSC for instant trading, with key details: - **U.S. Kalshi Accounts**: Use native BNB and USDT on BSC for deposits and withdrawals; - **International Kalshi Accounts**: Use BNB, USDT, and USDC on BSC via a partnered trading platform.

On December 22, Coinbax—a stablecoin payment infrastructure built on Base and Solana—announced it has closed a $4.2 million seed funding round, per Globenewswire. BankTech Ventures led the round, with participation from Connecticut Innovations, Paxos, SpringTime Ventures and other investors. The fresh capital will support development of the platform’s digital asset custody, policy enforcement and programmable settlement features, plus integrations with custody and wallet infrastructure providers.

U.S. Stocks Open Higher on Dec. 22; Crypto-Related Stocks Mostly Gain At the opening bell on December 22, U.S. equities started in positive territory: - Dow Jones Industrial Average: +0.1% - S&P 500: +0.4% - Nasdaq Composite: +0.6% Crypto-related stocks were broadly higher, with notable moves: - Coinbase (COIN): +2.24% - Circle (CRCL): +4.86% - MicroStrategy (MSTR): +2.5% - Bullish (BLSH): +2.24% - Gemini (GEMI): +2.63% - Bitmine (BMNR): +2.74% - SharpLink Gaming (SBET): +1.02% - Bit Digital (BTBT): +3.59% - ETHZilla (ETHZ): -2.03% (only decliner) - ALT5 Sigma (ALTS): +0.76% - American Bitcoin (ABTC): +7.87%