🧾MARKET RECAP → Stocks fell on Monday, following cryptocurrencies lower, as volatility continued into December’s trading month.

⚡GOLDMAN EXPANDS ETF EMPIRE → Goldman Sachs (GS) is buying Innovator for $2 billion, instantly bulk-ing up its active ETF platform with $28 billion in defined-outcome funds — a clear bet that buffer-style ETFs are gaining big traction.

📌 KALSHI GOES CRYPTO → Kalshi is rolling out Solana-based tokenized event contracts — bringing prediction markets on-chain. A fusion of regulated finance and crypto infrastructure, but with added complexity and regulatory watchfulness.

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For the week beginning December 01, 2025

💼 Big Deal on the Table: Goldman Sachs (GS) is acquiring Innovator Capital Management in a ~$2 billion cash-and-stock deal. The agreement brings to Goldman roughly $28 billion in assets under supervision, spanning 159 defined-outcome ETFs.

📈 Strategic Shift Toward Active ETFs: The acquisition dramatically boosts Goldman’s active-ETF offerings and positions it as a top-10 player in that space. With the addition of Innovator’s lineup, Goldman + Innovator will oversee more than 215 ETF strategies globally, giving investors access to income, buffer, and growth-focused funds in one of the fastest-growing corners of the market.

🎯 Why It Matters for Investors: For the average investor, this signals growing institutional confidence in structured—and possibly safer—ETF strategies. Defined-outcome ETFs offer downside protection and may appeal in volatile markets with uncertain macroeconomic conditions. As Goldman rolls out these funds under its brand, expect increased distribution, liquidity, and possibly new product innovations.

🔗 Blockchain Bet: Kalshi — the CFTC-regulated U.S. prediction-market platform — is launching “tokenized event contracts” built on the Solana (SOL) blockchain. This gives crypto-native traders a way to buy and sell event-outcome contracts on-chain, bridging traditional regulated markets with blockchain ease.

⚠️ What’s New — and Risky: It’s not just “yes/no bets” anymore — now outcomes live on the blockchain, which means new regulatory and technical unknowns. While Kalshi is regulated under the U.S. derivatives framework, blockchain-based delivery shifts part of the trading experience into crypto-native territory — a space regulators are still watching closely.

📊 What This Means for Investors/Traders: For investors comfortable with crypto — this could be a fast-lane to prediction markets. The fusion of regulated contracts + blockchain accessibility could attract a new wave of traders. But for cautious or traditional investors, this adds a layer of complexity (and potential volatility), so due diligence is more important than ever.

White House releases more details on Trump’s October MRI, says results were ‘perfectly normal’ (CNBC)

As regime change looms at the Fed, one candidate emerges as frontrunner for chair (CNBC)

Bitcoin, ether fall sharply as crypto sell-off resumes (CNBC)

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