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Global prediction platform Kalshi is expanding crypto access as the BNB integration opens new on-chain rails for deposits and withdrawals across key markets. Summary Kalshi activates BNB Smart Chain for U.S. and international users Jurisdiction-based asset support on BSC Strengthening Kalshi’s Web3 infrastructure Impact on BNB utility and prediction markets BNB’s positioning ahead of a potential 2026 bull market Kalshi activates BNB Smart Chain for U.S. and international users The regulated prediction market Kalshi has integrated BNB Smart Chain (BSC), the blockchain backed by Binance. The platform, overseen by the Commodity Futures Trading Commission (CFTC), will now accept deposits and withdrawals of selected BSC-based digital assets, aligning on-chain activity with its growing user base. For U.S. accounts, Kalshi deposits via BSC will initially support only BNB and USDT. However, international Kalshi customers will have access to BNB, USDT, and USDC on the same network, reflecting differing regulatory frameworks across jurisdictions. According to the company, the biggest potential beneficiary of this expansion is BNB itself. Moreover, rising interest in prediction markets and expectations of a crypto bull market are likely to reinforce demand for the token. Jurisdiction-based asset support on BSC The platform confirmed its official BSC integration on Monday, December 22, 2025. From that date, Kalshi users in the United States can seamlessly deposit and withdraw BNB, which serves as the native gas asset for both BSC and the broader Binance ecosystem. In addition, U.S. customers can move Tether‘s USDT over BSC for funding and settlement. However, Kalshi’s non-U.S. users gain a broader range of stablecoin options, as the integration supports Circle‘s USDC alongside BNB and USDT for cross-border access. This jurisdiction-specific structure allows Kalshi to remain compliant in the United States while still offering a more diverse basket of stablecoins internationally. Moreover, it positions the platform to react quickly if regulatory clarity around more assets emerges. Strengthening Kalshi’s Web3 infrastructure The BSC connection marks a significant Web3 milestone for Kalshi as it scales services beyond its core U.S. market. The network is among the most used blockchains, with a total value locked of about $6.58 billion and more than $13.2 billion in stablecoins market capitalization. By tapping into this liquidity, Kalshi users gain access to BSC’s cheap fees, relatively high throughput, and a broad set of digital assets with deep secondary market activity. That said, the focus remains on a curated list of supported tokens to reduce operational and regulatory risk. With this step, Kalshi aims to accelerate global growth and enhance its Web3 footprint. Moreover, the firm is positioning itself to compete more directly with prediction market rivals such as Polymarket, which already leverage crypto-native infrastructure extensively. Impact on BNB utility and prediction markets The kalshi bnb integration is expected to increase the real-world utility of BNB and other supported digital assets by embedding them into a regulated prediction venue. Furthermore, the company itself is reportedly valued at over $11 billion after raising $1 billion from institutional investors, underlining market confidence in the sector. As Kalshi pushes into new geographies while defending its U.S. dominance, analysts expect stronger on-chain demand for BNB. However, the integration may also draw additional volume into stablecoins like USDT and USDC as traders look for low-volatility collateral. The broader prediction market segment has expanded rapidly during the past two years. Moreover, notable institutional funding rounds in the United States, including those tied to Coinbase Global Inc. and Polymarket, signal a maturing landscape for event-based trading platforms. BNB’s positioning ahead of a potential 2026 bull market Binance co-founder Changpeng Zhao publicly welcomed the BSC integration with Kalshi, crediting ongoing ecosystem development for the new use case. His endorsement underscores how infrastructure upgrades can translate into tangible demand for network tokens. Looking ahead, BNB, which has a finite supply, is seen by some market participants as well-positioned for a parabolic move if the anticipated crypto bull cycle materializes in 2026. However, that outlook still depends on broader macro conditions and regulatory stability. In 2025, BNB has already approached a new all-time high, supported by rising adoption of BSC-related products and services. Moreover, integrations like Kalshi’s may further entrench BNB as a core asset within prediction markets and the wider Web3 economy. In summary, Kalshi’s move to support BSC-based assets deepens its Web3 integration, broadens user options across jurisdictions, and could meaningfully enhance BNB’s role in global prediction markets.

Quick Breakdown Mantle, Bybit, and CIAN launch Bybit Mantle Vault for automated USDC/USDT on-chain yield strategies. Users can earn stablecoin yields without manual swaps, leverage management, or operational complexity. The vault bridges CeFi to DeFi, expanding accessibility, liquidity, and composable DeFi opportunities. Mantle has teamed up with Bybit and CIAN to launch the Bybit Mantle Vault, a native on-chain stablecoin yield product designed to simplify DeFi participation. Users can deposit USDC or USDT through Bybit Earn, with assets automatically deployed into Mantle-native on-chain yield strategies, eliminating the need for manual swaps, leverage management, or complex operations. The launch marks CIAN’s first native onboarding to Mantle and introduces the first dedicated on-chain yield layer within the Mantle DeFi ecosystem. Mantle’s evolution over the past year reflects a clear positioning among leading Layer 2 tokens in 2025, as highlighted by @MessariCrypto. From deeper @Bybit_Official distribution to Tokenization-as-a-Service and the OP-Succinct ZK upgrade powered by @SuccinctLabs, Mantle is… https://t.co/OKVkMU9Klj pic.twitter.com/zjH7cpR5zh — Mantle (@Mantle_Official) December 23, 2025 Seamless CeFi-to-DeFi yield integration CIAN, known for structured on-chain yield products, converts sophisticated strategies into accessible vaults. By deploying natively on Mantle, CIAN enables efficient, composable stablecoin yield strategies backed by Mantle’s high-performance, low-cost infrastructure. Bybit serves as the global access layer, allowing millions of users to participate in Mantle’s on-chain economy through a familiar interface. The partnership enables a smooth flow of capital from centralized platforms to Mantle-native yield strategies, bridging CeFi and DeFi. Expanding DeFi accessibility and liquidity The collaboration broadens access to on-chain yield products, enabling users to pursue advanced stablecoin strategies without operational hurdles. By combining CIAN’s yield expertise, Mantle’s execution infrastructure, and Bybit’s distribution network, the Mantle Vault strengthens Mantle’s role as a key distribution layer for on-chain finance. This setup lays the groundwork for deeper liquidity, expanded DeFi utility, and future ecosystem integrations. The Bybit Mantle Vault, powered by CIAN, is now live and open for subscriptions. Mantle manages over $4B in community-owned assets and positions itself as a premier bridge between traditional finance and on-chain liquidity. Bybit serves more than 80 million users worldwide, while CIAN manages $1.4B in TVL and offers advanced yield strategies across crypto-native and real-world assets. Additionally, Bybit’s collaboration with Mantle and Aave aims to bring institutional-grade DeFi liquidity to a global audience by integrating Aave’s decentralized lending protocols onto Mantle’s Layer-2 network, enhancing accessibility, efficiency, and composability for both retail and institutional participants. If you would like to read more articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community. Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Michael Selig, ex‑SEC Crypto Task Force counsel, becomes the 16th CFTC chair as Caroline Pham departs for MoonPay, inheriting crypto pilots and looming DA legislation. Summary Selig, a former SEC Crypto Task Force and PWG advisor, is sworn in as 16th CFTC chair just as Congress prepares digital asset market structure legislation.​ Pham’s tenure brought crypto pilots, expanded spot trading, automated surveillance and no‑action relief for prediction markets before she left to join MoonPay.​ Selig pledges to keep derivatives markets stable while tackling new tech, L2‑style platforms and retail participation, positioning the CFTC at the core of U.S. crypto policy. Michael Selig was sworn in Sunday as the 16th chairman of the Commodity Futures Trading Commission, assuming control of the derivatives regulator as acting chair Caroline Pham departed after nearly four years at the agency. Michael Selig sworn into US agency CFTC Selig, confirmed by the Senate on December 18, previously served as chief counsel of the Securities and Exchange Commission’s Crypto Task Force and senior advisor to SEC Chairman Paul Atkins. The appointment positions him to lead the agency during a period of technological transformation and potential congressional action on digital asset legislation, according to his swearing-in statement. .@CFTC Michael Selig Sworn In as 16th CFTC Chairman: https://t.co/K2K2W5ZXTW— CFTC (@CFTC) December 22, 2025 Pham’s tenure as acting chair included multiple regulatory initiatives for crypto markets. The CFTC launched the Crypto Sprint in January, implementing recommendations from the President’s Working Group on Digital Asset Markets. The initiatives resulted in spot crypto trading on CFTC-registered futures exchanges and a digital asset markets pilot program permitting Bitcoin, Ether, and USDC as collateral. “It has been the honor of a lifetime to lead the CFTC during such a historic moment for market structure and innovation,” Pham stated in her departure announcement. “I am incredibly proud of the CFTC and all its dedicated staff for their hard work and commitment this year to deliver on our pledge to get back to basics and regular order.” The agency deployed its first automated market surveillance system during Pham’s leadership, saving nearly $50 million in annualized costs, according to CFTC data. The agency also restructured operations and implemented regulatory relief measures that unlocked tens of billions in capital for market participants while launching pilot programs targeting energy market liquidity. Pham granted no-action relief to four prediction market operators—Polymarket US, LedgerX, PredictIt, and Gemini Titan—requiring full collateralization and transaction transparency while easing enforcement pressure. The action occurred during increased prediction market activity, with firms including Coinbase and Robinhood preparing to enter the market. “Today begins a new chapter for the CFTC,” Selig stated following his swearing-in. “We are at a unique moment as a wide range of novel technologies, products, and platforms are emerging, retail participation in the commodity markets is at an all-time high, and Congress is poised to send digital asset market structure legislation to the President’s desk.” Selig’s private sector experience includes partnership at an international law firm focused on derivatives and securities matters, representing commercial end users, futures commission merchants, commodity trading advisors, swap dealers, and digital asset firms. During his SEC role, Selig developed regulatory frameworks for digital asset securities markets and worked on harmonizing oversight between the SEC and CFTC. He contributed to the President’s Working Group report on “Strengthening American Leadership in Digital Financial Technology.” “Under my leadership, the CFTC will conquer these great frontiers and ensure that the innovations of tomorrow are Made in America,” Selig stated, pledging to oversee “the stability and security of America’s commodity derivatives markets during this period of rapid transformation.” Pham is joining MoonPay as chief legal officer and chief administrative officer, heading legal and policy functions as the payments platform expands its enterprise stablecoin business, according to the company. The departure follows former CFTC commissioner Summer Mersinger’s move to the Blockchain Association and Bo Hines joining Tether after serving as White House Crypto Council executive director. “I’m thrilled to welcome Michael Selig as the 16th Chairman of the CFTC,” Pham stated. “His pragmatic, common sense approach will ensure the CFTC strikes the right balance of innovation and market integrity.”

In 2025, a pivotal year for digital markets, Arbitrum adoption emerged as a key driver of the convergence between traditional finance and onchain infrastructure. Summary Arbitrum at the center of institutional onchain finance Network market share and transaction growth Ecosystem expansion and developer activity Arbitrum: institutional adoption and tokenisation momentum DeFi, stablecoins and financial infrastructure Financial strength and DAO reinvestment Looking ahead to 2026 Arbitrum at the center of institutional onchain finance The year 2025 marked a decisive shift in blockchain infrastructure as institutional finance moved from experimentation to execution. Tokenisation left pilot mode and entered full production, while TradFi and onchain finance began to merge into a single operating model centered on Arbitrum. From powering the world’s largest retail trading platform to settling tokenised funds for some of the world’s biggest asset managers, Arbitrum One established itself as the venue of choice for major global institutions throughout 2025. “2025 was the year that crypto captivated institutional finance and that megatrend will continue to accelerate across the landscape as capital allocators now act with conviction,” said Brendan Ma, Head of Investment Strategy at the Arbitrum Foundation. He added that Arbitrum is “uniquely positioned to drive the momentum in 2026 by supporting institutional adoption, helping and growing talented teams, and reinvesting for long-term growth.” That conviction, Ma argued, is now visible across the ecosystem. Network market share and transaction growth Arbitrum One crossed 2.1 billion+ lifetime transactions in 2025. However, the pace of activity has accelerated sharply: while it took roughly three years to reach the first billion transactions, the network added the second billion in less than 12 months. Moreover, Arbitrum maintained its position as the leading L2 by market share, reaching a $20 billion+ Total Value Secured in 2025. This consolidation underscores strong user demand and deep liquidity relative to other layer 2 networks. Ecosystem expansion and developer activity The broader Arbitrum ecosystem expanded rapidly in 2025, with 100+ chains live or in development. Notable launches included the Ethereal Perps DEX, privacy-focused Zama, and consumer-facing Blackbird, reflecting growing diversity in use cases. Today, more than 1,000 projects are powered by Arbitrum, making it a top 3 chain globally by number of protocols. This breadth of activity signals robust builder interest and reinforces its status as a leading smart contract platform. At the same time, the network generated over $600M in ecosystem GDP in 2025, a 30%+ year-on-year increase based on fees produced by applications on Arbitrum One. This combination of developer traction and revenue growth highlights improving economic sustainability. Arbitrum: institutional adoption and tokenisation momentum As real-world assets (RWAs) adoption went mainstream, Arbitrum became a preferred venue for institutions bringing traditional financial products onchain. It welcomed partners including Robinhood, Franklin Templeton, Blackrock, Spiko and others that are shaping the next generation of market infrastructure. In June 2025, Robinhood announced tokenized US stocks and ETFs for EU customers on Arbitrum. In just six months, that offering expanded to almost 2,000 tokenized equities on Arbitrum One, demonstrating strong early product-market fit. Moreover, Robinhood plans to continue this momentum in 2026 with a dedicated blockchain built using the Arbitrum stack, signaling a deeper technological alignment with the ecosystem. On the governance side, ArbitrumDAO‘s STEP 2.0 initiative allocated 35M ARB toward RWA initiatives, including tokenized US Treasury products and support for WisdomTree’s WTGXX, Spiko’s USTBL, and Franklin Templeton’s BENJI. In less than 12 months from launch, Spiko reached $200M+ in AUM on Arbitrum. DeFi, stablecoins and financial infrastructure Arbitrum strengthened its position as a liquidity anchor for decentralized finance in 2025. Stablecoins and tokenised real-world assets both saw breakout adoption on the network, reinforcing its role as a core DeFi settlement layer. Stablecoin supply grew 82% YoY, reaching roughly $8 billion+ in market capitalization. However, growth was not limited to size: the network also became the deepest venue for onchain dollars among L2s and one of the most diverse across USDC, USDT and newer assets like USDai, thBILL and syrupUSDC. Ecosystem initiatives such as the DRIP program helped drive 229%+ growth in stablecoins on Arbitrum since its launch in September 2025. This rapid expansion of dollar liquidity is a key pillar of broader arbitrum adoption. Likewise, RWA tokenization on Arbitrum reached $1.1B+ in October 2025, representing an 18X increase from the same period in 2024. That surge coincided with scaled activity across DeFi verticals. Arbitrum hosted the largest deployments of Aave and Uniswap outside Ethereum, with active loans climbing 109% to $1.5B. At the same time, new lending products from teams like Fluid expanded volumes by over 460%, and the DRIP program welcomed Morpho, Euler and Maple Finance into the ecosystem. Financial strength and DAO reinvestment Arbitrum’s financial profile evolved significantly in 2025. As an L2, it is positioned for high and sustainable margins, enabling the DAO to reinvest into a compounding flywheel aimed at long-term ecosystem growth. The Arbitrum ecosystem is set to end 2025 with 90%+ gross margins across four distinct revenue streams, up from just two in the previous year. Timeboost, launched in 2025, generated more than $5M in revenue in its first seven months of operation. Moreover, ArbitrumDAO is on track to close Q4 2025 with roughly $6.5M in gross profit, or about $26M annualized, alongside more than 50%+ period-on-period growth. These figures underscore a robust and scaling business model. The DAO also strengthened its balance sheet, holding over $150M in non-native assets, including cash equivalents and ETH. That financial buffer positions the ecosystem for sustained, strategic expansion even under volatile market conditions. Looking ahead to 2026 The story of 2025 was one of synchronized growth across major verticals and asset classes. From global institutions to retail platforms, consumer applications to stablecoins, the Arbitrum ecosystem showed it can support financial activity at global scale. As the industry moves into 2026, the objective is clear. Together, builders, institutions and the DAO aim to deepen the rails of open programmable finance wherever they can create lasting value. That said, the work ahead remains significant. However, the momentum built in 2025 suggests the ecosystem is ready for its next chapter and for Arbitrum Everywhere to become a defining theme of the coming cycle. In summary, 2025 established Arbitrum as a leading institutional, DeFi and RWA hub, laying strong foundations for continued expansion and innovation in 2026.