Crypto Markets Today: Bearish October Continues as Altcoins Dealt Hammer Blow

[Clear Street Plans to Go Public as Early as Next Month with a Valuation of Up to $12 Billion] New York brokerage firm Clear Street is preparing for an IPO, expected to take place as early as next month, with Goldman Sachs leading the transaction. However, the deal may not be completed before January next year. The company's valuation is estimated to be between $10 billion and $12 billion. Clear Street holds significant influence in the cryptocurrency-related stock issuance sector, having underwritten Strategy's stock offering and served as the underwriter for Trump Media & Technology Group, which plans to raise billions of dollars to establish a Bitcoin treasury.

Over the past two weeks, more than 25000 bitcoins have flowed out of the exchange, and the specific reasons have not been disclosed. （Cointelegraph）

**[FT: U.S. Housing Crisis Drives Gen Z Toward Cryptocurrency and High-Risk Investments]** An article in the *Financial Times* points out that worsening housing affordability in the U.S. is reshaping Gen Z's financial and consumption behaviors. Some young people, finding the goal of homeownership increasingly unattainable, are reducing savings, losing motivation to work, and investing more frequently in high-risk assets such as cryptocurrency. Surveys show that young people who view homeownership as unrealistic are more inclined toward speculative investments, while those who believe they can buy a home in the future focus more on saving and planning. The article suggests improving housing supply through policies such as easing building restrictions and increasing affordable housing construction, while also enhancing financial literacy among young people to help them achieve their homeownership goals.

[CZ Praises Onekey Products and Emphasizes Hardware Wallet Private Key Security] On December 7, CZ posted on social media praising Onekey products and stated that the demand for hardware wallets is that private keys must not leave the device under any circumstances.

[Strategy has increased its Bitcoin holdings by over 200,000 this year, bringing the total to 650,000] On December 7, Michael Saylor posted that Strategy has increased its Bitcoin holdings by over 200,000 this year, specifically 203,600 BTC. On Monday, Strategy announced that it had added 130 BTC last week at a total cost of approximately $11.7 million, with an average purchase price of around $89,960. As of November 30, 2025, Strategy holds 650,000 BTC, with a total value of approximately $48.38 billion and an average price of around $74,436.