source:[1] Digital Asset Treasuries are crypto's latest hype — and maybe its next bubble - CNBC (https://www.cnbc.com/2025/12/02/dat-digital-a ...)[2] Bitcoin Bounces Back As Vanguard Decision Opens Door To Flood Of Capital - Forbes (https://www.forbes.com/sites/digital-assets/2 ...)[3] Kalshi Soars to $11 Billion Valuation: How a $1 Billion Mega-Round and a Former Ballerina Are Redrawing the Prediction Market Map - ts2.tech (https://ts2.tech/en/kalshi-soars-to-11-billio ...)