Two whale addresses collectively bought 4,664 ETH during the overnight downtrend.

According to on-chain analyst @ai_9684xtpa, two major whales accumulated ETH during the overnight price drop. Specifically, a new address, 0x779…13703, withdrew 2656 ETH from Binance for the first time, worth $7.55 million, at a price of $2842.39. Additionally, address 0xbE3…9A42a withdrew 2008 ETH from Binance four hours ago, worth approximately $5.65 million; over the past four months, it has accumulated 6411.4 ETH, worth a total of $24.83 million, with an average withdrawal price of $3873, most of which has been staked in Everstake.

The US Senate confirmed Trump's nominees for heads of the CFTC and FDIC.

According to CoinDesk, on Thursday, the US Senate proceeded to confirm a large number of nominees for President Trump, including two officials who will assume key regulatory roles in the cryptocurrency space. The Senate approved Mike Selig as head of the Commodity Futures Trading Commission (CFTC) and Travis Hill as head of the Federal Deposit Insurance Corporation (FDIC). Selig will play a leading role in cryptocurrency regulation, succeeding Acting Chair Caroline Pham, who has been pushing an aggressive cryptocurrency policy agenda in the absence of the agency's permanent chair.

The "1011 Insider Whale" has a total unrealized loss of $77.22 million on its $695 million long positions.

According to on-chain analyst @ai_9684xtpa, the long positions held by the "whale that opened short positions after the flash crash on October 11" are currently showing a floating loss of $77.22 million, with ETH showing a floating loss of $65.88 million, BTC showing a floating loss of $6.17 million, and SOL showing a floating loss of $5.16 million.

Changpeng Zhao: Encrypted payments require robust privacy solutions.

Binance founder Changpeng Zhao commented on "how to ensure privacy and not expose transaction history in crypto payments": "This is another issue with cryptocurrency payments. In the short term, using centralized exchanges (CEXs) can avoid this problem (but CEXs will have this information). In the long term, we need a comprehensive privacy solution."

CF Benchmarks considers Bitcoin a core asset in its portfolio and predicts its price will reach $1.4 million by 2035.

According to CoinDesk, CF Benchmarks, a wholly owned subsidiary of crypto exchange Kraken, stated on Thursday that institutional investors are increasingly analyzing Bitcoin from a portfolio construction perspective, rather than focusing on short-term price cycles. The company predicts that Bitcoin's base case price will reach $1.4 million by 2035. Bitcoin can be evaluated using the same capital market assumptions as traditional assets, including metrics such as expected returns, volatility, and correlation. Based on different adoption paths, CF Benchmarks derived a series of long-term valuations for Bitcoin up to 2035. In the most conservative scenario, the company simulates Bitcoin continuing to expand its market share at its historical rate, meaning Bitcoin will account for approximately 16% to 33% of gold's market capitalization. Under this scenario, CF Benchmarks projects a Bitcoin price of approximately $637,000 by 2035. The base case scenario assumes broader institutional adoption and faster growth, with its market capitalization reaching approximately one-third of gold's; the report states that this probability-weighted scenario implies a Bitcoin price of approximately $1.42 million by 2035. In a more optimistic bullish scenario, CF Benchmarks simulates Bitcoin becoming the dominant global store of value, surpassing the market capitalization of gold; this scenario predicts that with accelerated adoption by institutions and sovereign nations, Bitcoin's valuation will approach $2.95 million by 2035. In addition to price predictions, CF Benchmarks states that its simulations show allocating approximately 2% to 5% of strategic allocations to Bitcoin can significantly improve portfolio efficiency.

CZ's counterparty, a whale, currently holds a $237 million long position with a floating loss of $40.3 million, and its ETH long position is once again on the verge of liquidation.

According to on-chain analyst Yu Jin, the "whale who shorted ASTER after CZ showed off his holdings" was only $28 away from liquidation on his ETH long position. The subsequent ETH rebound allowed him to recover from a $44 million unrealized loss. However, because he didn't close his position but instead added to it, as ETH fell back to $2800, he is now very close to his liquidation price again, only $100 away. He currently holds long positions worth $237 million, with an unrealized loss of $40.3 million: 57,100 ETH ($161 million), opening price $3190, liquidation price $2714, unrealized loss $20.72 million; 38.82 million XRP ($69.98 million), opening price $2.29, liquidation price $1.63, unrealized loss $19.03 million; 230,000 HYPE ($5.19 million), opening price $24.8, unrealized loss $540,000.

Bitwise has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for its Bitwise SUI ETF.

According to The Block, crypto index fund manager Bitwise is seeking to launch an ETF tracking the SUI token. On Thursday, the company filed a registration statement for the Bitwise SUI ETF with the U.S. Securities and Exchange Commission (SEC). The filing states, "The investment objective of this trust is to reflect the value of the SUI assets held by the trust, after deducting trust operating expenses and other liabilities." Coinbase Custody will serve as the custodian of the fund. The ticker symbol and sponsor fees have not yet been listed.

The CLARITY Act, a bill to structure the crypto market, is expected to be submitted to the Senate for consideration in January.

According to Cointelegraph, David Sacks, the White House's head of artificial intelligence and cryptocurrency affairs, stated that the CLARITY Act, a bill to structure the crypto market, is closer to formal legislation and is expected to undergo Senate review and revisions in January. Sacks posted on the X platform on Thursday that Senate Banking Committee Chairman Tim Scott and Agriculture Committee Chairman John Boozman have confirmed that the bipartisan cryptocurrency bill will be finalized in the Senate next month. The CLARITY Act will clarify the definitions of crypto securities and crypto commodities and define the responsibilities of the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and other financial regulatory agencies. Supporters of the bill argue that it will reduce regulatory uncertainty for crypto companies by establishing a clearer compliance path, while strengthening investor protection and encouraging innovation. The House of Representatives passed the bill in July, and the Senate will next review, revise, and debate it before sending it to the full Senate for a vote. Tim Scott needs to secure an absolute majority to prevent the bill from being indefinitely delayed. If the Senate passes the revised bill, it will return to the House for final approval and then be sent to Trump's desk.

ICE, the parent company of the NYSE, is in talks to invest in crypto payments company MoonPay, targeting a valuation of approximately $5 billion.

According to Bloomberg, sources familiar with the matter revealed that Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is in talks to participate in a funding round for cryptocurrency payments company MoonPay Inc., which is nearing completion and targets a valuation of approximately $5 billion. ICE did not immediately comment on the talks, and MoonPay declined to comment. Founded in 2019, MoonPay provides software that helps users more easily convert between fiat currencies and cryptocurrencies. In late 2021, near the peak of the crypto bull market, the company was valued at $3.4 billion in its last funding round.

A Bitcoin OG whale has deposited 5,152 BTC, worth approximately $445 million, into Binance.

According to Onchain Lens monitoring, a Bitcoin OG whale has deposited 5,152 BTC, worth $444.73 million, into Binance.

Analysis: Approximately $23 billion worth of Bitcoin options will expire next Friday, potentially exacerbating already high volatility.

According to Bloomberg, the options market shows that Bitcoin is under significant pressure heading into the final weeks of 2025, with approximately $23 billion worth of contracts expiring next Friday, potentially exacerbating already high volatility. This amount represents more than half of all open interest on the Deribit platform. Nick Forster, founder of Derive.xyz, stated, “Bitcoin positioning remains significantly bearish. 30-day volatility has rebounded to around 45%, while skewness hovers around -5%. Longer-term skewness is also anchored around -5%, indicating that traders are pricing in continued downside risk for the first and second quarters due to persistent selling pressure from previously inactive wallets weighing on spot prices.” Positioning around the December 26th contract expiry date reflects this divergence. Call options are concentrated at strike prices of $100,000 and $120,000, suggesting continued optimism about a year-end rally. However, put options have dominated recently, accumulating significant put option exposure at a strike price of $85,000. In addition, traders expect the market to reposition itself around two catalysts: first, hedging ahead of MSCI's decision on January 15, which may remove companies with more than 50% of their assets in crypto assets from its index; and second, a resurgence of call-overwriting funds.

Huang Licheng closed his short-term long positions in BTC, ZEC, and HYPE after making a profit, but his ETH long positions resulted in a loss of $359,000.

According to Hyperbot data, Huang Licheng closed his BTC long position, which lasted only 13 minutes, nine hours ago, profiting $6,292.92. He then closed two ZEC long positions, lasting only 4 and 17 minutes respectively, profiting $2,982, and closed his HYPE long position, which lasted only 14 minutes, profiting $2,642. In addition, his ETH long position underwent multiple additions and reductions, currently holding 4,000 ETH, worth approximately $11.32 million, with a current unrealized loss of $410,000. Notably, his ETH long position incurred a total loss of $359,000 from the closing and reducing of long positions from 20:37 yesterday to 03:52 today.

Near Protocol's NEAR token has now been cross-chained to the Solana network.

Near Protocol has announced that its native token, $NEAR, is now officially listed on the Solana network, enabling seamless cross-chain support through NEAR Intents and Orb Markets. Users can now deposit and withdraw $NEAR directly on Solana without needing to configure multiple wallets or switch gas fee networks.

DePIN project DAWN completes $13 million Series B funding round, led by Polychain.

Decentralized broadband network project DAWN announced the completion of a $13 million Series B funding round, led by Polychain Capital. The new funds will be used to accelerate DAWN's global expansion, infrastructure deployment, and the development of ecosystem partnerships. Developed by the Andrena WiFi team, DAWN aims to provide a more democratic and efficient network connectivity solution for users worldwide by enabling scalable decentralized internet access through blockchain technology.

Intuit partners with Circle to introduce USDC; TurboTax and QuickBooks will support stablecoin payments.

According to The Block, financial software giant Intuit has signed a multi-year partnership with Circle to integrate USDC stablecoin payments into its core products such as TurboTax and QuickBooks for faster, lower-cost settlements such as tax refunds and corporate payments. Circle will provide the USDC infrastructure. Intuit has not disclosed a specific launch date, nor whether users will directly hold USDC or simply use it as a back-end payment channel. Previously, Visa launched USDC (Solana)-based stablecoin settlement services for Bank of America, and Circle has expanded its issuance and distribution with several exchanges (including Bybit).

The SEC has filed a lawsuit against the founder of Bitcoin mining company VBit, involving approximately $48.5 million.

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Danh Vo, founder and CEO of Bitcoin mining company VBit, accusing him of misappropriating approximately $48.5 million in a fraudulent investment project. The SEC alleges that Vo raised over $95.6 million from approximately 6,400 investors through an unregistered "Bitcoin mining hosting agreement," falsely advertising the scale and profitability of mining operations, and using some of the funds for gambling and transferring money to family members. The SEC alleges that his actions constitute unregistered securities offering and securities fraud; the company has since ceased operations.

ECB President Christine Lagarde: A significant moment is coming for the digital euro.

European Central Bank President Christine Lagarde stated that a significant moment is approaching for the digital euro. The digital euro is now a top priority for the Governing Council and Parliament.

Hassett: The Fed still has significant room to cut interest rates.

White House National Economic Council Director Hassett welcomed the November CPI report, saying the U.S. economy is showing signs of high growth and declining inflation. He stated, "I'm not saying we're declaring victory on prices, but this is a surprisingly good CPI report." Hassett noted that wage growth is outpacing price growth, American taxpayers will see large tax refunds next year, and the government will help lower mortgage rates. He added, "The Fed has a lot of room to cut rates." Hassett, a leading candidate to succeed Powell as the next Fed chairman, also stated that the Fed should be more transparent in the future. "I think the Fed must double its transparency. Whoever leads the Fed should lay all the cards on the table so we can figure out what's really going on at that institution."

PayPal's stablecoin PYUSD has been launched on the Stable mainnet.

According to an official announcement from Stable, PYUSD, the USD stablecoin issued by PayPal, has now been officially launched on the Stable mainnet.

The U.S. Securities and Exchange Commission (SEC) has released a FAQ regarding regulations related to crypto assets and distributed ledger technology.

According to an announcement on the website of the U.S. Securities and Exchange Commission (SEC), the SEC's Division of Trading and Markets recently released Frequently Asked Questions (FAQs) regarding crypto assets and distributed ledger technology (DLT) activities, aiming to provide compliance guidance for market participants. The content covers the following core areas: Brokerage Firm Responsibilities: Non-securities crypto assets are not subject to Section 15c3-3 of the Securities Exchange Act, but if they are "crypto asset securities," brokers can establish "control" under this section to meet compliance requirements. The SEC has no objection to assets in non-paper form. Client Asset Protection: If the crypto asset is not a product registered under the Securities Act, the SIPC (Securities Investor Protection Corporation) will not provide protection. The SEC recommends treating non-securities crypto assets as "financial assets" and placing them in a "securities account" through Section 8 of the UCC to strengthen the independence of client assets in liquidation and bankruptcy. Dual Asset Trading Pairs: The National Stock Exchange (NSE) and Alternative Trading Systems (ATS) can provide paired trading of "crypto securities/non-securities assets," provided that regulatory requirements are met and relevant information is disclosed in detail in Form ATS or ATS-N. Transfer Agents and DLTs: If a transfer agent provides securities transfer services to a crypto asset issuer, and the assets are registered securities under Section 12, it must register with the SEC. The SEC does not object to using a blockchain as the master ledger, provided that all record-keeping and regulatory requirements under federal regulations are met. Clearing and Settlement and ETPs: When operating an ATS, registered brokers can clear client transactions within their own account ledgers; the SEC does not mandate registration as a clearinghouse. For ETPs referencing crypto assets, the SEC does not object to their adherence to the 2006 no-objection letter regarding commodity ETPs.

The US November unadjusted CPI rose 2.7% year-on-year, while the core CPI rose 2.6% year-on-year.

The US November unadjusted CPI rose 2.7% year-on-year, below the expected 3.1%. The US November unadjusted core CPI rose 2.6% year-on-year, below the expected 3%.

Fuse Energy raises $70 million in Series B funding, valuing the company at $5 billion.

Fuse Energy, a Solana-based DePIN project, announced the completion of a $70 million Series B funding round, valuing the company at $5 billion. The round was led by Lowercarbon Capital and Balderton Capital.

SoFi, a national U.S. bank, launched its USD stablecoin, SoFiUSD, which is now available on the Ethereum blockchain.

According to The Block, SoFi Bank has launched its USD stablecoin, SoFiUSD (1:1 cash reserves), becoming the first US national bank to issue a stablecoin on a public blockchain. SoFiUSD is already listed on Ethereum, offering near-instantaneous, low-fee settlement 24/7 to banks, fintech companies, and enterprise partners, and plans to open it to SoFi users as well. SoFi states that it can hold cash reserves in a Federal Reserve account, share profits, and support partners' white-label issuance or direct access to settlement and payment processes. The stablecoin will also be used for card networks, retail settlements, SoFi Pay cross-border remittances, and POS payments. This year, several institutions have been pushing forward with stablecoins, including KlarnaUSD, Western Union's USDPT, and Stripe's USDB.

Aster has announced the Stage 4 airdrop claim time and rules, setting a 3-month unlock period.

According to Aster's official announcement, the Stage 4 airdrop will end on December 21, 2025 at 23:59 (UTC), representing 1.5% of the total token supply. The claim query function will open on January 14, 2026, with the official claim period starting on January 28. Users can choose to claim 50% immediately, with the remaining 50% being burned; or wait until April to unlock and claim the full share. The airdrop features a flexible unlocking mechanism to encourage long-term user participation.

Stablecoin $U officially launched: listed on BNB Chain and Ethereum, integrated with mainstream DeFi protocols such as PancakeSwap and ListaDAO, and listed on the centralized exchange HTX.

United Stables has officially launched its USD stablecoin, $U, which is currently deployed on both the BNB Smart Chain (BSC) and Ethereum (ETH) chains and has completed multiple ecosystem integrations. The $U stablecoin is based on a 1:1 full reserve backing (USD + leading stablecoins) and features real-time on-chain Proof-of-Reserves (PoR) and monthly audits. Future support will include enterprise-level privacy protection and AI-native payments (EIP-3009/x402). $U is the first "unified stablecoin" on the BNB Chain, integrating mainstream stablecoins as usable collateral assets to form a unified liquidity foundation. In terms of ecosystem integration, $U supports mainstream DeFi protocols including PancakeSwap, Aster, Four.meme, and ListaDAO, allowing users to trade, stake, lend, and provide liquidity directly on-chain. Regarding wallet support, $U is listed on Binance Wallet, Trust Wallet, and SafePal. In addition to the on-chain world, $U is also listed on the centralized exchange HTX. United Stables stated that U will focus on empowering scenarios such as trading, DeFi, institutional settlement, cross-border payments, and AI-driven autonomous economy, and plans to expand to more public chains, DeFi protocols, and trading platforms in the future.

Trump Media Technology Group's pre-market gains widened to 37.5%.

According to Jinshi Data, Trump Media Technology Group (DJT.O) continued its upward trend, with pre-market gains reaching as high as 37.5%. Market sources indicate that Trump Media Technology Group (DJT.O) will merge with TAE TECHNOLOGIES in an all-stock transaction. The transaction is expected to close by mid-2026. Trump Media Technology Group stated that the merged company expects to select a site and begin construction of its first utility-scale nuclear fusion power plant in 2026. Fusion energy will pave the way for US AI dominance and energy security. The transaction values each TAE share at $53.89. Up to $200 million in cash will be provided upon signing. After the transaction, the company will become the holding company of Truth Social (Truth+), Truth Finance (Truth.FI), TAE, TAE Power Solutions, and TAE Life Sciences.

Binance Alpha will list TradeTide (TTD) on December 20th.

Binance Alpha will become the first platform to list TradeTide (TTD) on December 20th. Eligible users can claim the airdrop using Binance Alpha Points on the Alpha event page after trading opens on Alpha. Further details will be announced later.

The "1011 Open Short Whale Address" increased its long positions by 51,600 SOL, bringing its total long position to over $700 million.

According to Ai Yi, a well-known blockchain whale (the "insider who shorted after the 1011 flash crash") has continued to increase its holdings of SOL after adding to its ETH position. The whale added 51,612.85 SOL, bringing its current holdings to approximately 301,612.8 SOL, worth about $37.36 million at the latest price. The average opening price was about $135.2, and the current unrealized loss is about $3.42 million. After this increase, its total long position has officially surpassed $700 million.

Taiwan's Ministry of Justice announced the seizure of 210.45 Bitcoins.

According to documents presented by Taiwanese science and technology legislator Ko Ju-Chun, as of October 31, 2025, Taiwanese prosecutors had seized 210.45 bitcoins (BTC), worth approximately NT$576 million at the time. The list also includes other virtual assets such as ETH, BNB, and TRX. Last month, it was reported that Taiwan planned to investigate its Bitcoin holdings and assess its BTC reserves by the end of the year.

JPMorgan Chase has deployed JPM Coin on the Base public chain, allowing transfers only between whitelisted users.

According to CoinDesk, JPMorgan Chase has deployed its digital deposit token, JPM Coin, on Coinbase's Base blockchain, marking the Wall Street giant's first large-scale integration into a public blockchain ecosystem. Unlike stablecoins, JPM Coin is a digital mapping of interest-bearing bank deposits, with transfers restricted to whitelisted users. This move responds to institutional clients' demand for on-chain bank deposit products, currently primarily used for collateral and margin payments in crypto trading. JPM emphasizes that its deployment method features complete access control and risk isolation, reflecting the trend of traditional finance moving towards DeFi.

AI scientist Yann LeCun plans to raise €500 million for his new AI startup, targeting a valuation of €3 billion.

According to the Financial Times, Yann LeCun, former chief AI scientist at Meta and Turing Award winner, is planning to launch a new company, Advanced Machine Intelligence Labs (AMI Labs), scheduled for January 2026. Preliminary negotiations are underway for a €500 million funding round with a target valuation of €3 billion. Nabla founder Alex LeBrun will serve as CEO, and a strategic research partnership has been established with AMI. The company will focus on building AI systems that can understand the physical world for applications in robotics, transportation, and other fields. Meta will establish a technical collaboration with AMI but will not participate as an investor.

US SEC Chairman: Bitcoin is highly speculative, but 7 billion people around the world want to trade it

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