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Nasdaq-listed social media marketing firm Thumzup has completed its acquisition of Dogecoin (DOGE) and Litecoin (LTC) mining company Dogehash Technologies. Following the acquisition, the company will rebrand as Datacentrex and is scheduled to begin trading on Nasdaq under the new ticker DTCX on Dec. 16. Datacentrex also plans to strategically invest its mining revenue into BTC, DOGE, and LTC.

An early Bitcoin holder, identified by an address beginning with 1011short·oxb317d, is facing an unrealized loss of approximately $54 million on long positions in BTC, ETH, and SOL, according to Onchain Lens. The investor had previously opened positions totaling over $600 million. The address's positions and average entry prices are as follows: a long position of 190,935 ETH ($563 million) at an average entry price of $3,167; a long position of 1,000 BTC ($85.93 million) at an average entry price of $91,506; and a long position of 250,000 SOL ($31.53 million) at an average entry price of $137.53.

Wyoming-based crypto bank Custodia Bank has requested a rehearing of a court ruling that upheld the Federal Reserve's denial of its application for a master account, according to reporter Eleanor Terrett. The 10th Circuit Court of Appeals issued the ruling in October. Custodia argues that the court misinterpreted the law, thereby wrongly denying its right to open a master account. A master account with the U.S. Federal Reserve allows qualified institutions, such as banks, to transact directly with the Fed without needing an intermediary bank.

Whale Alert reported that 5,869 BTC has been transferred from Coinbase to an unknown new wallet. The transaction is valued at about $505 million.

Japanese financial giant SBI Holdings plans to launch a yen-backed stablecoin in the second quarter of 2026 through a partnership with Startale, a Web3 joint venture between Sony and the Astar Foundation, The Block reported.

Decentralized infrastructure protocol Pocket Network (POKT) has announced a strategic partnership with node provider platform GetBlock. Under the agreement, GetBlock will receive RPC services at wholesale prices for all blockchain networks supported by Pocket Network, allowing it to operate nodes for various chains at a lower cost. Pocket Network stated that payments will be made in POKT tokens based on RPC usage, an arrangement it expects will increase demand for the token and potentially create a deflationary effect.

An address believed to belong to crypto venture capital firm a16z Crypto deposited 276,000 COMP, worth $7.6 million, to Coinbase Prime approximately two hours ago, AmberCN reported. The address currently holds $325 million in UNI and $5.71 million in OP.

CoinMarketCap's Altcoin Season Index has risen two points from the previous day to 22. The index measures whether 75% of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped tokens, have outperformed Bitcoin over the last 90 days. A score closer to 100 suggests an altcoin season, while a lower score indicates a Bitcoin season.

Bitcoin and altcoins have fallen in tandem amid uncertainty over the appointment of the next U.S. Federal Reserve Chair and broader U.S. macroeconomic concerns, Cointelegraph reported. The media outlet explained that reports of President Trump's team favoring a more independent candidate have diminished the prospects for Kevin Hassett, who is considered favorable to interest rate cuts. The mention of Kevin Warsh as a potential nominee has subsequently eased concerns about dollar instability. Additionally, the market correction was amplified by the liquidation of approximately $527 million in long positions over the past 24 hours due to excessive leverage. Growing caution over a potential debt bubble fueled by expanding AI investment has also prompted a shift away from risk assets.

The Crypto Fear & Greed Index has dropped five points to 11, remaining in the extreme fear category, according to data from Alternative. The index measures market sentiment on a scale from 0, indicating extreme fear, to 100, representing extreme greed. It is calculated based on market volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market capitalization dominance (10%), and Google search volume (10%).

Asset management firm Grayscale has assessed that concerns over quantum computers threatening Bitcoin's security will not affect the market in the short term, according to its 2026 Digital Asset Market Outlook report. The report noted that while quantum computing could pose a long-term threat to the cryptographic systems of Bitcoin and other blockchains, it is unlikely to directly impact price volatility next year. Grayscale's analysis suggests that although research into post-quantum cryptography will continue, a quantum computer capable of threatening Bitcoin's encryption is not expected to emerge before 2030 at the earliest.

Kevin Hassett, Director of the White House National Economic Council (NEC), is no longer the clear frontrunner to be President Donald Trump's nominee for the next Federal Reserve Chair, CNBC reported, citing multiple sources. According to the report, concerns have been raised among the president's aides that the close relationship between Trump and Hassett could compromise the Fed's independence. Some also project that the bond market could react negatively in the long term if Hassett is perceived as a pro-Trump figure, with potential for interest rate hikes depending on his approach to inflation. In a CBS "Face the Nation" interview last weekend, Hassett stated that while the president has a clear position, the Fed is an independent body that makes policy decisions based on data and consensus among FOMC members, not the president's views. Data from the decentralized prediction market Kalshi shows Hassett's nomination probability has fallen from over 80% earlier this month to 31%, while former Fed Governor Kevin Warsh's odds have risen to 52%.

PayPal has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to establish a bank specializing in loans for small businesses in the United States, Watcher.Guru reported. If approved, the move would allow PayPal to expand its functions as a full-fledged financial institution beyond its traditional payment services.

The U.S. Senate Banking Committee will not hold a markup hearing this year on a bill to regulate digital asset market structure, effectively postponing the legislation until 2026, CoinDesk reported. The crypto market structure bill, known as the CLARITY Act, has been a key focus for the industry. A committee spokesperson said in a statement that while Chairman Tim Scott and the committee have made significant progress in negotiations with Democrats, talks are still ongoing. The spokesperson confirmed there will be no markup hearing before the end of the year.

An analysis suggests that Solana (SOL) is still maintaining a strong position relative to Bitcoin (BTC). According to Altcoin Vector, the altcoin analysis X account for Swissblock, SOL experienced a major decline in the fourth quarter but has not yet tested the double-bottom support level formed against BTC between April and June. This indicates that SOL's technical structure remains intact. The analysis added that if SOL continues to consolidate at its current levels, it could serve as a meaningful signal for a rebound.

Self-custody crypto wallet Trust Wallet (TWT) has introduced a Gas Sponsorship feature that allows users to swap tokens on the Ethereum network without paying gas fees, CryptoBriefing reported. The feature enables users to conduct up to four free swaps of Ethereum-based tokens daily with a minimum value of $50, even if their wallet contains no ETH. While the feature is currently limited to swaps on Ethereum, it is also available on BNB Chain with no minimum transaction amount. Trust Wallet plans to expand the gas-free service to include token transfers in the future.

PayPal has launched the PYUSD Savings Vault on the DeFi lending protocol Spark to enhance the utility of its stablecoin, The Block reported. The product is designed to allow PYUSD holders to earn on-chain yield, offering an annual percentage yield (APY) of up to 4.25%. PayPal and Spark previously set a deposit target of $1 billion for the vault, which attracted $200 million in deposits within its first 24 hours.

Coinbase has announced support for deposits and withdrawals of USDC on the Polkadot network.

The number of active Bitcoin addresses, a key indicator of network activity, has fallen to its lowest level in a year, raising new concerns about demand for blockspace, The Block reported. The seven-day moving average for active addresses has declined to 660,000, the lowest point since December 2024, when network activity peaked amid speculation in Ordinals and Runes.

Former U.S. Securities and Exchange Commission (SEC) Commissioner Paul Atkins has warned against the potential for excessive federal government surveillance in the regulation of the cryptocurrency industry, Coindesk reports. Speaking at a roundtable on financial surveillance and privacy at SEC headquarters, Atkins said it is not difficult to imagine the government using crypto technology to gain near-total visibility into individuals' financial lives by collaborating with various intermediaries. He cautioned that if every wallet is treated like a broker, every piece of software like an exchange, every transaction as reportable, and every protocol as a convenient surveillance node, the government would transform the ecosystem into a financial panopticon.

BeInCrypto has analyzed five key factors contributing to the recent decline in Bitcoin's price. The reasons cited are: 1. Fears of a potential interest rate hike by the Bank of Japan, which could risk the unwinding of the yen carry trade. 2. Leveraged liquidations combined with thin liquidity, particularly amid low weekend trading volumes. 3. Uncertainty surrounding U.S. macroeconomic data. 4. Selling pressure from market makers in the spot market. 5. A loss of technical momentum.

Forty-five percent of U.S. Gen Z, defined as individuals between 18 and 28 years old, would be happy to receive cryptocurrency as a holiday gift this year, CNBC reported. The finding is based on a global survey of 1,000 adults conducted by Visa. The results suggest that this demographic perceives digital assets as a more desirable gift than traditional items like toys or collectibles.

The UK Supreme Court has dismissed an appeal in a $13 billion (approx. 19 trillion won) lawsuit filed by Bitcoin Satoshi Vision (BSV) investors, clarifying the limits of liability for cryptocurrency exchanges over delisting decisions. According to CoinDesk, the ruling upholds a lower court's decision, which did not recognize claims for future lost profits stemming from an exchange's delisting of the asset.

MetaMask has added support for Bitcoin, allowing users to buy, swap, and send BTC from within their wallets, CryptoBriefing reported.

MoonPay has launched the MoonPay Commerce app exclusively for Seeker, Solana Mobile's second-generation smartphone, according to CryptoBriefing. The app aims to simplify mobile payments and digital asset transactions for Solana users. It integrates MoonPay Commerce and Solana Pay technology, enabling users to shop at online stores and pay with cryptocurrency.