Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
US News
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DeFi
Citadel pushes SEC to classify open-source developers as unregistered stockbrokers – Uniswap fires back
Citadel's Dec. 2 filing urges the SEC not to grant broad exemptions for tokenized-equity trading on DeFi, Hayden Adams says TradFi is coming for open-source builders.
Privacy
Zcash and privacy protocols face a “do-or-die” SEC meeting that determines if developers are personally liable for code
With Samourai’s November sentencing and Tornado Cash’s mixed verdict, the SEC’s Dec. 15 privacy roundtable lands in a new phase for wallet privacy and exchange compliance.
Market
Bitcoin treasury stocks are becoming “distressed assets” as a $107,000 cost basis traps late entrants underwater
Bitcoin treasury companies need a blend of price stability, strategic governance, and revived leverage demand.
