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South Korean crypto exchange Upbit has announced that it will temporarily suspend deposits and withdrawals for Ethereum (ETH) and related digital assets to support an upcoming network hard fork. The suspension is scheduled to begin at 12:00 p.m. UTC on Dec. 9.

Solana-based decentralized exchange (DEX) HumidiFi has announced it is voiding yesterday’s public token sale and will conduct a new one next Monday. The exchange explained that a bot created thousands of wallets to participate in the sale, ultimately purchasing the entire token supply. This activity prevented regular users from being able to participate.

U.S. crypto exchange Kraken has launched a new VIP program for ultra-high-net-worth (UHNW) individuals and institutional investors, according to CoinDesk. Participants will be assigned a dedicated account manager and receive early access to new Kraken products. To qualify, users must maintain an average account balance of $10 million or have an annual trading volume of over $80 million.

Global cryptocurrency exchange MEXC announced it has hired Vugar Usi Zade, the former Chief Operating Officer (COO) of Bitget, as its new COO. Zade previously worked at Meta (formerly Facebook) and Bain & Company before his tenure at Bitget, where he is credited with playing a key role in the exchange's growth to become the fourth-largest globally. In his new role, Zade will oversee strategic market expansion into areas such as Eastern Europe and Latin America, while also strengthening MEXC's global regulatory and compliance framework. Zade stated that MEXC is an exchange with potential for continuous innovation and growth, adding that he aims to set new standards and enhance overall reliability through a regulation-friendly approach.

Italian economic authorities have launched an in-depth review of measures to protect retail crypto investors, Decrypt reported. The country's Macroeconomic Policy Committee, which includes the Bank of Italy, the insurance and pension regulator, and the Ministry of Finance, stated that the need for safeguards has grown. The committee explained that this is due to the increasing interconnection between cryptocurrencies and the broader financial system.

South Korean crypto exchange Upbit announced it will begin sequentially resuming deposit and withdrawal services at 8:00 a.m. UTC today, following a wallet system maintenance check. The services will first be restored for digital assets on networks confirmed to be stable. These include ELF, ALGO, ASTR, FIL, FLOW, HBD, HIVE, IOST, DON, IOTA, EGLD, GAS, NEO, CKB, MBL, ONT, ONG, POLYX, STX, STEEM, SBD, SWELL, XTZ, A, BLACK, CHL, EOSDAC, HORUS, MEETONE, VET, VTHO, and WAXP. Upbit added that all previous deposit addresses have been deleted and that users must generate new addresses before making any deposits.

The intention of U.S. investors to purchase cryptocurrency has weakened, according to a report from the U.S. Financial Industry Regulatory Authority (FINRA), as reported by Cointelegraph. While the percentage of U.S. investors who bought crypto remained steady at 27% between 2021 and 2024, the proportion considering a new or additional purchase fell from 33% to 26%. The report also highlighted a notable drop among institutional investors with a high-risk appetite, with their participation falling from 12% in 2021 to 8% in 2024. FINRA attributed the trend to a growing preference for safe-haven assets amid current interest rates, inflation, and economic uncertainty. The findings are based on a survey of 2,861 U.S. investors and 25,539 adults conducted between July and December 2024.

The following are the 24-hour long/short ratios for BTC perpetual futures on the top three global crypto futures exchanges by open interest: Overall: 49.41% long, 50.59% short 1. Binance: 49% long, 51% short 2. OKX: 48.36% long, 51.64% short 3. Bybit: 47.73% long, 52.27% short

The decentralized, permissionless stablecoin protocol USPD has reported a $1 million loss following an exploit. An investigation found that the attacker gained administrator privileges and used them to replace the system with malicious code to steal the funds. USPD stated that it is working closely with law enforcement and white-hat hackers and plans to halt legal action if the attacker returns 90% of the funds, keeping the remaining 10% as a bug bounty.

Bitcoin is unlikely to replicate its strong rally from earlier this year in the beginning of 2026, according to 21Shares co-founder Ophelia Snyder. In a statement reported by Cointelegraph, Snyder explained that the key factors currently driving market volatility are unlikely to be resolved in the short term. She noted that while January is typically a period of renewed inflows into spot ETFs as investors rebalance their portfolios, a similar rally would require a significant positive shift in overall investor sentiment. Given the current subdued market mood, Snyder finds it difficult to predict Bitcoin's trajectory for next January. However, she assessed that the current market correction stems from broader risk-off sentiment rather than any fundamental issues with cryptocurrency itself, viewing this as a positive sign for the long term.

An analysis suggests that Ethereum Layer 2 project Taiko is positioned to be the biggest beneficiary of the network's upcoming Fusaka upgrade. The upgrade is designed to enhance data availability and pre-confirm future block proposers via EIP-7917. This will enable Taiko to implement its proprietary Preconfirmation technology, allowing for faster and more certain transaction finality. Taiko COO Joaquin Mendes explained that while PeerDAS, a core feature of Fusaka, provides high-performance data availability, rollups require a supernode-level beacon client configuration to reliably access blobs. He added that Taiko is prepared to implement this.

U.S. blockchain lending platform Figure has announced the launch of a consortium for real-world assets (RWA) on the Solana blockchain. The collaborative body aims to expand access to more than $1 billion in monthly on-chain loans and support the adoption of its PRIME liquid staking token. PRIME is built on the Hastra liquidity protocol, which Figure co-developed with the open-source Provenance Blockchain Foundation. Consortium partners include Kamino Finance, Chainlink, CASH, Raydium, Privy, and Gauntlet. Figure stated that the initiative will allow general DeFi users to access institutional-grade returns previously available only to banks and accredited investors.

U.S. spot Bitcoin ETFs recorded a total net outflow of $194.6 million on Dec. 4, marking the second consecutive day of net withdrawals, according to data from Farside Investors. BlackRock's IBIT saw the largest outflow at $113 million. Other significant outflows included $54.2 million from Fidelity's FBTC, $14.3 million from VanEck's HODL, and $10.1 million from Grayscale's GBTC. No ETFs reported net inflows for the day.

U.S. spot Ethereum ETFs recorded net outflows of $41.5 million on Dec. 4, reversing course just one day after posting net inflows, according to data from Farside Investors. BlackRock's ETHA was the only fund to see positive flows, attracting $28.4 million. Outflows were led by Grayscale's ETHE with $31 million, followed by Grayscale's Mini ETH with $21 million and Fidelity's FETH with $17.9 million.

Henry Chang, the former CEO of Wemade, has been formally acquitted of charges related to manipulating the circulating supply of WEMIX after South Korean prosecutors declined to appeal the verdict, News1 reported. According to legal sources on Dec. 5, prosecutors did not file an appeal by the Dec. 4 deadline. With the defendant, who is now the CEO of Nexus, also not appealing, the second-instance court's not-guilty verdict is now final. Chang was indicted in August 2023 on allegations that he had profited by falsely announcing in early 2022 that he would stop liquidating WEMIX coins. The prosecution argued this was done to induce buying and support the prices of both Wemade's stock and the WEMIX token.

Cryptocurrency services provider Matrixport has withdrawn 3,805 BTC, valued at $350 million, from Binance over the past 24 hours, Lookonchain reported. Withdrawals from exchanges are typically interpreted as a move to hold the assets.

Whale Alert reported that 283,050,936 USDT has been transferred from an unknown wallet to OKX. The transaction is valued at about $283 million.

Whale Alert reported that 283,050,936 USDT has been transferred from OKX to an unknown wallet. The transaction is valued at about $283 million.

Binance has announced that it will temporarily suspend deposits and withdrawals for LUNA at 12:05 p.m. UTC on Dec. 8 to support a network upgrade.

South Korean crypto exchange Bithumb has announced it will temporarily suspend deposits and withdrawals for the Polygon Ecosystem Token (POL) starting at 2:00 a.m. UTC on Dec. 9 to support a network upgrade.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $90.06 million liquidated (67.33% longs) - ETH: $87.9 million liquidated (63.5% longs) - SOL: $9.37 million liquidated (87.52% longs)

South Korean crypto exchange Bithumb announced it will list SAPIEN for trading against the South Korean won at 8:00 a.m. UTC today.

Binance announced the temporary suspension of deposits and withdrawals for CHESS, DF, and GHST, effective 8:00 a.m. UTC on Dec. 12, citing network delays.

An address presumed to belong to Bitmine (BMNR) purchased an additional 41,946 ETH, valued at $130.78 million, approximately five hours ago, Lookonchain reported.

Danal, the operator of Paycoin (PCI), has signed a service contract to build out Binance Pay's infrastructure and service integration in South Korea, Prime Economy exclusively reported. A company official stated that the proactive collaboration with Binance is intended to ensure stable service delivery in preparation for upcoming domestic legislation.