Matador Technologies Plans to Raise $58 Million to Increase Its Bitcoin Holdings

December 23, 2025 The cryptocurrency industry experienced unprecedented upheaval and defining turning points in 2025. From pro-crypto policies under the Trump administration, SEC Chair Gary Gensler’s departure, the signing of the GENIUS Act, and sustained excitement around Bitcoin ETFs, to the 10.11 “Great Crash” that set a record for crypto’s largest single-day liquidation event — this year’s major moments were a rollercoaster of highs and lows. Trump was undoubtedly the most influential figure shaping 2025’s crypto market trends. The launch of TRUMP coin marked the peak of market FOMO. Tariff announcements triggered a crypto crash, while his executive order reallowing retirement accounts to invest in crypto sent Bitcoin soaring to new all-time highs. The regulatory landscape shifted from strict enforcement to innovation-friendly, as the U.S. formally moved toward its goal of becoming the “Crypto Capital.” Settled platform lawsuits, inflows of institutional capital, and the es

On December 23, Bloomberg reporter Emily Nicolle noted that Crypto.com has posted a job opening for a quant trader tasked with trading contracts on sports event prediction markets — marking the company’s first public acknowledgment of its involvement in prediction market trading. A core responsibility of the role is to “maximize profits.” Crypto.com was also among the first firms to list sports event prediction market contracts late last year.

December 23rd, per DefiLlama data, liquidity has softened—likely tied to the approaching Christmas holiday. Over the past 24 hours, trading volume across major perpetual contract DEXs has seen only a modest rebound from weekend lows. Hyperliquid currently leads, followed by Lighter and Aster. Here’s a breakdown of key Perp DEX metrics: - **Hyperliquid**: ~$61.8B 24h volume, ~$41.2B TVL, $73.5B open interest [Link: https://app.hyperliquid.xyz/join/NTOD] - **Lighter**: ~$58.1B 24h volume, ~$14.1B TVL, $16B open interest - **Aster**: ~$51.1B 24h volume, ~$12.8B TVL, $24.1B open interest [Link: https://www.asterdex.com/en-US/referral/aboter] - **EdgeX**: ~$29.9B 24h volume, ~$3.68B TVL, $7.58B open interest - **ApeX**: ~$19.1B 24h volume, ~$46.64M TVL, $1.97B open interest - **Backpack**: ~$13B 24h volume, TVL undisclosed, $2.26B open interest - **Variational**: ~$9.6B 24h volume, ~$66.18M TVL, $4.9B open interest - **Pacifica**: ~$5.89B 24h volume, ~$41.73M TVL, $

On December 23, Onchain Lens data shows that James Wynn—a well-known "Bankruptcy Whale"—has opened a 40x leveraged long position on BTC. The position’s current value is $1.82 million, with an entry average of $87,590 and a liquidation price of $86,468. Over the past three days, James has completed three trades: two BTC positions (one long, one short) that netted a total profit of $40,521, and a long position on PEPE that incurred a $6,908 loss.

On December 23, Greek.live researcher Adam posted on social media noting a divergence in the Chinese crypto community over Bitcoin’s short-term trend. Some traders fear the $90,000 resistance level may be hard to break, potentially pushing the market into a bearish correction. Market participants are monitoring downside pressure from pre-Christmas liquidity drying up; ongoing squeezes on perpetual contract longs are amplifying volatility, though volatility has now fallen to a historic low.

On December 23, macro analyst Luke Gromen shared in a new YouTube update that he does not anticipate large-scale money printing—defined as extreme government and central bank currency creation—in 2026. Gromen laid out two core reasons for his negative short-term view on Bitcoin: 1. Current economic leverage is extremely high. Bitcoin acts as both the most effective last-resort liquidity smoke alarm and a tightening equity layer. Deflationary pressure from AI and robotics is growing exponentially; any measures short of full-scale money printing are effectively tightening, which won’t offset that exponential deflation. This will worsen as equity asset prices and Bitcoin fall. 2. Bitcoin trades like high-beta tech stocks. That said, Gromen stressed Bitcoin remains a prudent long-term choice. “I’m still long-term bullish on Bitcoin,” he noted. “I just think deflation will trigger a crisis—and eventually, someone will roll out large-scale money printing to address it. Bitcoin is t