GM, Crypto Briefers!

Bitcoin jumped 5% to $88K after the Bank of Japan raised rates for the first time in nearly 30 years—a move that should have been bearish. Instead, BTC and equities rose together, likely driven by illiquid holiday conditions, short covering, and exhausted sellers.

Zcash took the spotlight with an 8% gain, while ETH flirted with $3K and SOL stabilized at $125. But as price action slows, the narrative has shifted firmly into policy and enforcement.

Washington is back in focus as the Senate prepares a January markup of the Digital Asset Market Clarity Act, confirmed by the crypto czar, aiming to divide oversight between the SEC and CFTC. Meanwhile, Terraform’s bankruptcy team is suing Jump Trading for $4 billion over the UST collapse, and Coinbase is taking three U.S. states to court over prediction market regulations. With no clear breakout on the charts, crypto’s real momentum is coming from lawmakers and litigators.