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South Korea’s ruling Democratic Party is reportedly set to oppose the Bank of Korea's key proposals for its upcoming legislation on won-denominated stablecoins, Yonhap Infomax reported. According to the party's Digital Asset Task Force, the group will reject the central bank's demands to limit issuance to bank-led consortiums where banks hold a stake of over 51%. The task force also plans to discard the proposal for a policy council with unanimous decision-making power. The legislation is part of the second phase of the country's Digital Asset Basic Act.

According to Tokenomist, several major token unlocks are scheduled for this week from Dec. 15 to Dec. 21. On Dec. 15, Starknet (STRK) will unlock 127 million tokens ($13.2 million), representing 5.07% of its circulating supply, while Sei (SEI) will unlock 55.56 million tokens ($6.93 million), or 1.08% of its supply. Arbitrum (ARB) is set to release 92.65 million tokens ($19 million) on Dec. 16, accounting for 1.9% of its circulating supply. On Dec. 20, LayerZero (ZRO) will release 25.71 million tokens worth $37.79 million, or 6.79% of its circulating supply. On the same day, Lista DAO (LISTA) will unlock 33.44 million tokens ($5.34 million), representing 6.85% of its circulating supply.

Exor, the majority shareholder of Italian Serie A football club Juventus, has rejected a €1 billion (approximately $1.1 billion) acquisition offer from stablecoin issuer Tether, Cointelegraph reported. In an official statement on Dec. 14, the holding company announced that its board had unanimously turned down the proposal. The bid from Tether reportedly valued Juventus at around €1 billion, proposing a price of €2.66 ($2.87) per share. Exor, which has been controlled by Italy's Agnelli family for over a century, owns a 65.4% stake in the club.

Cryptocurrency wallet Phantom announced via X that it plans to launch a debit card in the United States. Users who complete identity verification will be able to obtain the card to access fiat on/off-ramp and bank account transfer services.

Layer 1 blockchain Neo (NEO) and Web3 agentic operating system SpoonOS announced they will host the Scoop AI Hackathon: Seoul Bowl in Seoul on July 20-21. The event will focus on developing agent technology that integrates artificial intelligence (AI) and Web3, with a total prize pool of $8,000. The hackathon will feature several tracks, including agentic AI infrastructure, AI for science, and autonomous finance and fintech. Participation is free for both developers and the general public.

Kevin Hassett, Director of the White House National Economic Council (NEC) and a potential candidate for the next U.S. Federal Reserve Chair, has stated that he would not be swayed by any attempts from President Donald Trump to influence the central bank's policy. Speaking in an interview with CBS's Face the Nation, Hassett emphasized that the Fed's role is to maintain its independence and build a consensus on the direction of interest rates among the members of its Board of Governors and the Federal Open Market Committee (FOMC). He added that this process must be conducted under the leadership of the Fed Chair.

Former Binance CEO Changpeng Zhao announced on X that he holds more than 2 million ASTER. This follows a previous disclosure on Nov. 2, when Zhao shared a screenshot of his transaction history. The image showed he held a total of 2,090,598.14 ASTER, acquired at a price of $0.913.

The United Kingdom plans to classify cryptocurrencies as financial products and strengthen its regulatory framework. According to The Guardian, the UK Treasury announced that starting in 2027, crypto assets will be placed under the supervision of the Financial Conduct Authority (FCA) and regulated as strictly as traditional financial instruments. This measure is intended to address previously inadequate consumer protection, as crypto was not subject to the same rules as products like stocks. Under the new regulations, crypto firms will be required to register with the FCA if they are subject to anti-money laundering laws. Chancellor of the Exchequer Rachel Reeves explained that bringing crypto into the regulatory perimeter is a crucial step in making the UK a leading global financial hub in the digital age. She added that the move will provide clear rules for businesses, encourage investment and innovation, strengthen consumer protection, and prevent illicit activities.

The Altcoin Season Index from the cryptocurrency data platform CoinMarketCap currently stands at 20. The index is calculated by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped tokens, against Bitcoin. An altcoin season is indicated when 75% of these top altcoins outperform Bitcoin over the preceding 90-day period. A reading closer to 100 suggests an altcoin season, while the opposite indicates a Bitcoin season.

December 16 - 5:30 a.m. UTC: FOMC member John Williams speaks. - 1:30 p.m. UTC: U.S. November Non-Farm Payrolls release. December 17 - 3:15 a.m. UTC: Federal Reserve Governor Christopher Waller speaks. December 18 - 7:30 a.m. UTC: FOMC member Raphael Bostic speaks. - 9:00 p.m. UTC: Bank of England interest rate decision. - 1:30 p.m. UTC: U.S. November Consumer Price Index (CPI) release. December 19 - 3:00 a.m. UTC: Bank of Japan interest rate decision.

CME Bitcoin futures opened the week with a gap of approximately $2,035. The contract, which closed the previous trading session at $90,610, began trading on Monday at $88,575. These gaps occur because the CME market is closed on weekends, while the Bitcoin spot market operates 24/7. Significant fluctuations in the spot price over the weekend can create a disparity between Friday's closing price and Monday's opening price. As a result, investors are closely watching for the possibility that the futures price will move to fill this gap.

The Crypto Fear & Greed Index from data provider Alternative has fallen five points from the previous day to 16, maintaining the market's state of extreme fear. The index measures market sentiment, where a value closer to zero indicates extreme fear and a value closer to 100 signifies extreme optimism. It is calculated based on several factors: volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

UK investment bank Barclays has a negative outlook for the cryptocurrency market in 2024, Cointelegraph reported. In a recent year-end report, the bank noted a sharp decline in spot market trading volumes on major platforms like Coinbase (COIN) and Robinhood (HOOD), alongside a significant decrease in demand from retail investors. While firms such as BlackRock and Robinhood are conducting pilots in tokenization, Barclays believes these efforts are too early to have a meaningful market impact. The bank concluded that structural growth will likely be limited, as there are no clear catalysts to revive demand, unless major events occur such as the approval of a spot Bitcoin ETF or the election of a pro-crypto president in November 2024.

According to CoinNess market monitoring, BTC has fallen below $88,000. BTC is trading at $87,985.77 on the Binance USDT market.

The cryptocurrency community is divided over the possibility that Satoshi Nakamoto's estimated 1.1 million BTC could be hacked by quantum computers, Cointelegraph reports. The debate was sparked by YouTuber Josh Otten, who claimed that a breach of Satoshi's holdings could cause the price of Bitcoin to plummet to $3. On-chain analyst Willy Woo noted that approximately four million BTC held in addresses using the Pay-to-Public-Key (P2PK) standard could be potential targets for a quantum attack. However, he explained that even if such a scenario were to occur, the Bitcoin network itself would likely survive, with original long-term holders (OGs) potentially buying during the sharp decline. James Check, lead on-chain analyst at Glassnode, argued that the psychological shock to investors poses a greater risk than the technical vulnerability. He stated that any movement of Satoshi's coins would severely damage market sentiment and trigger a price collapse, adding that it is virtually impossible for the community to agree on preemptive measures for these holdings. In contrast, Adam Back, CEO of blockchain technology firm Blockstream and a prominent Bitcoin maximalist, asserted that a realistic threat from quantum computers is still decades away. He added that post-quantum cryptography already exists, providing ample time to respond.

Despite XRP's recent downtrend, whale addresses have been actively trading and accumulating the asset, according to an analysis by CryptoQuant contributor CW8900. The analyst noted that this is a typical pattern observed during a market bottom formation. Additionally, the 90-day XRP spot taker cumulative volume delta (CVD) indicator has recently shifted to a buy-dominant phase. The contributor added that if this trend persists, XRP could transition into a rebound phase after establishing a bottom.

Whale Alert reported that 297,000,000 USDT has been transferred from Bybit to an unknown wallet. The transaction is valued at about $297 million.

Whale Alert reported that 1,000,000,090 USDT has been transferred from HTX to Aave. The transaction is valued at about $1,000 million.

According to CoinNess market monitoring, BTC has fallen below $89,000. BTC is trading at $88,842.41 on the Binance USDT market.

Whale Alert reported that 207,242,926 USDT has been transferred from an unknown wallet to OKX. The transaction is valued at about $207 million.

Whale Alert reported that 207,242,926 USDT has been transferred from OKX to an unknown wallet. The transaction is valued at about $207 million.

Whale Alert reported that 204,079,817 USDT has been transferred from an unknown wallet to OKX. The transaction is valued at about $204 million.

We provide real-time cryptocurrency news and market updates around the clock. Our service operates with limited coverage from 3:00 p.m. UTC on Saturday to 10:00 p.m. UTC on Sunday, during which we will only report on major breaking news. Full 24/7 service resumes at 10:00 p.m. UTC on Sunday.

Hollywood director Carl Erik Rinsch, known for the film "47 Ronin," has been convicted of using $11 million in Netflix production funds for cryptocurrency and other high-risk investments, according to DL News. The U.S. Department of Justice stated that Rinsch received the additional funds for his sci-fi drama "White Horse" but transferred the money to a personal account to invest in speculative securities and crypto. The New York Times reported that Rinsch profited from some of these crypto investments in 2021 and that evidence confirmed he had purchased Dogecoin (DOGE). Rinsch was found to have used the funds to buy five Rolls-Royces, one Ferrari, luxury goods, and to cover costs for his divorce proceedings. Prosecutors noted that he squandered the production money on stock options and cryptocurrency gambling. Rinsch was convicted on a total of seven counts, including wire fraud and money laundering, and is scheduled to be sentenced in April 2026.

SOL spot ETFs have recorded seven consecutive trading days of net inflows, despite a recent slowdown in the daily pace of investment, U.Today reported. Cumulative inflows since the products' launch are approaching $700 million. Bitwise's BSOL has attracted the most capital at $608.9 million, followed by Grayscale's GSOL with $97.8 million.