Crypto Daily | Bitcoin Rises to $87,000; Intuit to Use Circle Internet, USDC Infrastructure Across Its Platform

Tiger Newspress12-19

Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Crypto News

Bitcoin (BTC) Rises to $87,000 with a 1.65% Increase in 24 Hours

Bitcoin (BTC) crossed the $87,000 benchmark and is now trading at $86,921, with a 1.65% increase in 24 hours.

Ethereum(ETH) Surpasses $2,900 with a 3.2% Increase in 24 Hours

Ethereum has crossed the $2,900 benchmark and is now trading at $2,919, with a 3.2% increase in 24 hours.

SoFi Technologies Enters Stablecoin Space with Launch of SoFiUSD

SoFi Technologies (SOFI) has joined the stablecoin race with the launch of SoFiUSD, a fully reserved U.S. dollar stablecoin.

Issued by SoFi Bank, N.A., SoFiUSD is fully reserved 1:1 by cash for immediate redemption capability. As a nationally chartered, insured deposit bank, SoFi can keep reserves in cash at its federal bank account with zero liquidity risk or credit risk, while generating attractive incentives to be shared with partners and holders of SoFiUSD.

With the launch of SoFiUSD, SoFi becomes the first national bank to issue a stablecoin on a public, permissionless blockchain. “SoFiUSD will enable SoFi to serve as a stablecoin infrastructure provider for banks, fintechs, and enterprise platforms. They will be able to leverage SoFi’s bank-grade infrastructure to streamline their operations with faster and more efficient money movement,” the fin-tech firm said.

Intuit to Use Circle Internet, USDC Infrastructure Across Its Platform

Intuit (INTU), the owner of QuickBooks, TurboTax, and Credit Karma, entered a multi-year partnership with Circle Internet Group (CRCL), the company behind USDC (USDC-USD), to accelerate financial technology with the use of stablecoins, the companies said on Thursday.

The agreement establishes a framework for Intuit (INTU) to leverage Circle’s (CRCL) stablecoin infrastructure and USDC across the Intuit platform.

NYSE's Parent in Talks to Invest in Crypto Firm MoonPay - Report

Intercontinental Exchange (ICE), the owner of the NYSE, is in talks to participate in a financing round for crypto payments firm MoonPay, according to a media report on Thursday that cites people familiar with the matter.

MoonPay, which is close to completing the fundraising, is targeting a valuation of ~$5B, Bloomberg News reported, citing one of the people. The closely held company provides software to simplify trading crypto using payment methods like PayPal, Apple Pay, and Venmo, and also provides tools to send, receive, and manage stablecoins.

Google Launches Gemini 3 Flash, Makes It the Default Model in the Gemini App

Google today released its fast and cheap Gemini 3 Flash model, based on the Gemini 3 released last month, looking to steal OpenAI’s thunder. The company is also making this the default model in the Gemini app and AI mode in search.

The new Flash model arrives six months after Google announced the Gemini 2.5 Flash model, offering significant improvements. On the benchmark, the Gemini 3 Flash model outperforms its predecessor by a significant margin and matches the performance of other frontier models, like Gemini 3 Pro and GPT 5.2, in some measures.

TeraWulf and Fluidstack Complete Pricing for 168 MW AI Data Center Financing

TeraWulf and Fluidstack announced on December 18, 2025, that they have successfully completed the financing pricing for their 168 MW high-performance computing (HPC) joint venture project at the Abernathy campus in Texas. The project will build a next-generation liquid-cooled AI data center with a total power capacity of 240 MW. The funds raised will be used for construction, establishing reserves, and completing facility delivery, with operations expected to commence in the second half of 2026.

Bitcoin Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF on Thursday was $161.32 million. The total net asset value of Bitcoin spot ETFs is $111.04 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.58%.

The Bitcoin spot ETF with the highest net outflow on Dec. 18 was Fidelity Wise Origin Bitcoin Fund, with a net outflow of $170.28 million. Followed by ARK 21Shares Bitcoin ETF, with a net outflow of 12.27 million, according to SoSoValue.

SoSoValueSoSoValue

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment