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The majority of projects supported by Kaito's Kickstarter program have experienced a significant drop in their fully diluted valuation (FDV) following their token generation events (TGE), Wu Blockchain reported, citing data from CoinGecko. For instance, Web3 AI gaming company PlayAI (PLAI), which had a pre-TGE valuation of $50 million, now has an FDV of approximately $2.1 million. Similarly, Hana Network (HANA) has seen its valuation fall from around $40 million to its current $10.5 million. The report noted that other projects from the program are also trading at FDVs considerably lower than their pre-TGE levels.

Binance Alpha has announced the addition of TTD. The platform, an on-chain trading service within the Binance Wallet, focuses on listing early-stage coins.

Samson Mow, CEO of the Bitcoin technology company Jan3, announced on X that he plans to liquidate his assets related to Bitmain (BMNR) and Ethereum (ETH) to go all-in on BTC. Mow had previously stated in October that South Korean retail investors were driving the rally in ETH, predicting that it would not end well.

Travel Retail Norway (TRN), an operator of duty-free shops at Norwegian airports, has introduced Bitcoin payment options, according to local media outlet Kommunikasjon. This marks the first time a global airport duty-free retailer has adopted BTC as a payment method.

Taiwan's Ministry of Justice currently holds 210.45 BTC in seized assets, Bitcoin Magazine reported.

Ethereum (ETH) is experiencing continued bearish pressure as its Coinbase premium remains negative and network activity shrinks, BeInCrypto reported. The unrealized profit rate for whale addresses holding between 1,000 and over 100,000 ETH has steadily declined for the past four months, now approaching zero and raising the risk of further sell-offs. The report notes that the Coinbase premium turned negative in the third week of December, while the number of active Ethereum addresses this month has hit its lowest level of the year. This creates a risk that if these large investors sell to recover capital, it could trigger a market-wide panic sell. Despite these indicators, some institutions like Bitwise remain optimistic, forecasting that ETH will reach a new all-time high, driven by regulatory improvements and accelerating institutional adoption.

South Korean crypto exchange Coinone announced that it will list Agent Lisa (LISA). Trading against the South Korean won (KRW) will begin at 2:00 a.m. UTC on Dec. 19.

Strategy (MSTR) has purchased a total of 223,798 BTC, valued at $1.945 billion, so far this year, according to BitcoinTreasuries. The company's last announced purchase was for 10,645 BTC on Dec. 15. Strategy now holds a total of 671,268 BTC at an average purchase price of $74,972.

A prominent Bitcoin early adopter, identified by the address "1011short," has expanded a long position on ETH, according to data from Lookonchain. The investor recently purchased an additional 12,406 ETH, bringing the total 5x leveraged position to 203,341 ETH, valued at approximately $577 million. The position has an average entry price of $3,147.39 and a liquidation price of $2,132.82. It is currently carrying an unrealized loss of $1.39 million.

South Korean cryptocurrency exchange Upbit announced that it will temporarily suspend deposits and withdrawals for Initia (INIT) starting at 9:00 a.m. UTC on Dec. 22.

Bitcoin long-term holders (LTH) are not only continuing to sell but are also increasing their sales volume amid persistent market pressure, Glassnode analyst Chris Beamish reported on X.

Three addresses believed to belong to the Sign (SIGN) team deposited $9.3 million worth of SIGN to Binance about 30 minutes ago, Onchain School reported via X. Deposits to exchanges are typically interpreted as a precursor to selling. According to CoinMarketCap, SIGN is trading at $0.03202, an increase of 8.18%.

Bybit has announced that it will soon list VOOI for spot trading. A specific listing schedule has not yet been disclosed.

According to CoinNess market monitoring, BTC has risen above $87,000. BTC is trading at $87,000 on the Binance USDT market.

Uniswap founder Hayden Adams announced via X that the "UNIFICation" governance proposal has been put to a final vote. The proposal includes burning 100 million UNI and activating a fee on/off mechanism on the Ethereum mainnet, with the UNI collected from these fees also slated for burning. The voting period runs from 1:30 a.m. UTC on Dec. 20 until Dec. 25.

Binance Alpha has announced the addition of RTX. The platform is an on-chain trading service within the Binance Wallet that focuses on listing early-stage coins.

South Korean cryptocurrency exchange Korbit has reappointed CEO Oh Se-jin for a third consecutive term in a move to enhance management stability, Dailyan reported. According to industry sources, the decision was made at a recent extraordinary shareholders' meeting as Oh's previous term was set to expire. Oh first took office in January 2020 and was reappointed at the end of 2022. His third term will now extend until 2028.

A significant disconnect persists between viewing Bitcoin as an investment asset and recognizing the broader blockchain sector as a growth industry, according to Jeff Dorman, Chief Investment Officer (CIO) at crypto investment firm Arca. Dorman noted that while sectors such as stablecoins, real-world asset (RWA) tokenization, and decentralized finance (DeFi) are experiencing explosive growth, Wall Street and the fintech industry are concentrating on issuing these assets and generating fee revenue rather than investing in the sectors themselves. He explained that investment discussions are still largely confined to Bitcoin. Dorman added that large banks and institutional investors are not questioning which other tokens hold value, and there is virtually no research or investment solicitation for tokens beyond Bitcoin.

Former UK Chancellor of the Exchequer George Osborne has been appointed chairman of Coinbase's Global Advisory Council, Reuters reported. Osborne, who served as chancellor from 2010 to 2016, first joined the council in January 2024.

South Korean Virtual Asset Service Provider (VASP) Hyperithm allegedly launched a new DeFi financial product without submitting a required risk assessment to regulators, NewsWay reported. On Dec. 17, Hyperithm launched a yield-bearing product for Bitcoin and Ethereum through Midas, an offshore Real World Asset (RWA) platform. Under South Korea's Act on Reporting and Using Specified Financial Transaction Information and the Virtual Asset User Protection Act, VASPs must provide authorities with a risk assessment before launching new services, including those related to NFTs and DeFi. Hyperithm reportedly failed to notify regulators of its launch plans or submit the required assessment.

Over the last 24 hours, the aggregate long/short ratio for BTC perpetual futures across the top three exchanges by open interest is 50.57% to 49.43%. The breakdown by exchange is as follows: Binance (50.31% long, 49.69% short), OKX (49.3% long, 50.7% short), and Bybit (50.76% long, 49.24% short).

A potential move by Morgan Stanley Capital International (MSCI) to exclude companies with large cryptocurrency holdings from its indexes could trigger up to $15 billion in selling pressure. Cointelegraph reported that the Bitcoin for Corporations initiative estimated such a move could lead to $10 billion to $15 billion in capital outflows. The estimate is based on a list of 39 companies with a total market capitalization of $113 billion in publicly traded shares, and an exclusion could deliver a significant shock to the recently bearish crypto market. MSCI began consultations in October on a proposal to delist companies whose balance sheets consist mostly of crypto assets, with a final decision expected on Jan. 15, 2026. If confirmed, the change would be reflected in the February MSCI regular index review. Separately, JPMorgan has warned that the exclusion of Strategy alone could result in $2.8 billion in outflows.

Standard Chartered has launched a blockchain-based tokenized deposit solution, Tech in Asia reported. The bank collaborated with Ant International to implement the technology on Ant's Whale platform, enabling real-time transfers in Hong Kong dollars, Chinese yuan, and U.S. dollars. The launch is part of the Hong Kong Monetary Authority's Project Ensemble, which aims to expand tokenized financial infrastructure in Hong Kong.

South Korean crypto exchange Upbit announced that it will temporarily suspend SEI deposits and withdrawals starting at 3:00 a.m. UTC on Dec. 23 to support a network upgrade for Sei.

Bitcoin's potential for further gains may be limited unless it can decisively break through the $95,000 resistance level, according to an analysis by Glassnode. The firm noted that the surge above $90,000 on Dec. 17 was primarily driven by leveraged derivatives traders, a trend supported by rising open interest and a positive perpetual futures volume delta. Conversely, the subsequent sharp drop was largely due to selling from spot market investors, with the price being rejected by a significant supply wall between $93,000 and $120,000. Glassnode concluded that a sustained rebound is unlikely until Bitcoin reclaims the $95,000 resistance and the short-term holder break-even point of $101,500. Adding to this outlook, Ryan Yoon, a senior analyst at Tiger Research, stated that strong bearish sentiment across the market makes a sharp year-end rally improbable. However, Yoon suggested that a favorable U.S. November Consumer Price Index (CPI) report could potentially trigger a short-term bounce.