The analysis begins with a bullish outlook on Distributed Ledger Technology (DLT), emphasizing its transformative potential for the global financial system. A key piece of fundamental news highlights DTCC's subsidiary, DTC, receiving a No-Action Letter from the SEC on December 11, 2025, to tokenize select DTC-custodied assets. This service aims to bridge traditional finance (TradFi) and decentralized finance (DeFi), enhancing capital efficiency and reducing operational costs. The service is anticipated to be production-ready in the second half of 2026 and will support the tokenization of liquid assets, including Russell 1000 ETFs and fixed-income securities. Additionally, JPMorgan has executed a landmark commercial paper issuance on the Solana public blockchain for Galaxy Digital Holdings LP, using USDC rails powered by Coinbase's crypto-as-a-service platform, marking one of the earliest debt issuances on a public blockchain. YouTube's plan to allow US YouTubers to receive payouts in PYUSD, issued on XLM, ETH, and SOL, further signals mainstream crypto integration. From a technical perspective, Bitcoin is expected to recover from a recent pullback, with an inferred current price of $87700, targeting $135000, with an invalidation below $77000. The Russell 2000 ETF (IWM) has broken into new all-time highs, with an inferred current price of $257.87 and a target of $327, failing if it drops below $247. The total altcoin market cap (TOTAL2) shows a large cup-and-handle pattern, poised for price discovery, currently at $1.297T, targeting $2.2T, with a fail bound at $900B. Bitcoin dominance is projected to enter 'Phase 4,' suggesting an upcoming altcoin season, currently at 53.37%, targeting 37% and failing if it rises above 64%.