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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.

The Bank of Japan (BOJ) is expected to raise its key interest rate by 25 basis points to 0.75% on Dec. 19, a move that would mark its highest level in approximately 30 years, Coindesk reported, citing Nikkei. The potential hike is fueling concerns about a stronger yen and tighter global liquidity. According to Coindesk, market participants believe a potential unwinding of the yen carry trade, spurred by rising Japanese rates and falling U.S. Federal Reserve rates, could exert downward pressure on BTC. After the BOJ raised rates in July 2024, BTC experienced a sharp decline from around $65,000 to $50,000. However, some analysts suggest the impact could be limited this time, noting that long positions in the yen have already accumulated and that Japanese government bond yields have priced in the expected hike.

A coalition of major U.S. banking associations has strongly opposed the Office of the Comptroller of the Currency's (OCC) decision to grant national trust bank charters to cryptocurrency firms, BeInCrypto reported. The banking groups argued that these charters confer a bank-like status without FDIC deposit insurance and allow firms to evade capital and liquidity regulations, which could lead to consumer confusion and regulatory arbitrage. The protest follows the OCC's conditional approval of charters for five companies, including Ripple, Fidelity, Paxos, and BitGo, on Dec. 12. The agency stated that the crypto firms underwent the same rigorous review as traditional banks.

Whale Alert reported that 2,265 BTC has been transferred from Antpool to an unknown wallet. The transaction is valued at about $205 million.

Negotiations in the U.S. Senate over a crypto market structure bill are likely to be postponed until January, as key disagreements remain unresolved ahead of the year-end recess, CoinDesk reported. A draft of the bill is reportedly circulating privately between industry representatives, the White House, Republicans, and Democrats. Major sticking points include conflict of interest and ethics rules for senior government officials, whether to permit interest-bearing stablecoins, and the scope of the SEC's jurisdiction over tokens and DeFi. The White House has reportedly rejected a Democratic proposal for stricter ethics rules, while the industry has drawn a red line on regulations it believes would infringe on DeFi's freedom. Cody Carbone, CEO of the Digital Chamber, stated that both parties are actively negotiating and coordinating on the bill's text, adding that he expects substantial progress to be made starting in early January.

Bitfinex has stated that crypto spot trading volume in the fourth quarter has fallen 66% from its January peak, a trend similar to the lulls seen in past cycles before a subsequent rally, Cointelegraph reported. Separately, regarding the limited market reaction to the Federal Reserve's recent 25-basis-point rate cut and Strategy's $962 million BTC purchase, CoinEx analyst Jeff Ko commented that these developments were already priced in.

The ZeroGravity (0G) Foundation announced via X that an exploit on Dec. 11 resulted in the theft of 520,010 0G tokens. The attacker leveraged the "emergencyWithdraw" function in a rewards distribution contract. The stolen funds were subsequently bridged and laundered through Tornado Cash. 0G attributed the incident to a leaked private key stored on an AliCloud instance. Total losses amounted to 520,010 0G, 9.93 ETH, and 4,200 USDT. The foundation stressed that its core chain infrastructure and general user funds were not affected. In response, the company has revoked and replaced all keys, enhanced security, rebuilt services, and patched the vulnerability. Future plans include implementing a zero-trust security model by migrating to a Trusted Execution Environment (TEE), strengthening multi-signature permissions, and introducing an automated alert system.

American Bitcoin (ABTC), a mining company founded by Eric Trump, son of U.S. President Donald Trump, has announced that its Bitcoin holdings now total 4,931 BTC. This marks an increase of 613 BTC over the past seven days. The company stated that 70 BTC were acquired through mining operations and the remaining 542 BTC were secured through strategic purchases.

Coinbase Institutional has identified a faster-than-expected expansion of liquidity as the key factor that will shape the crypto market in 2026, U.Today reports. The firm noted that the Federal Reserve's increase in reserves could potentially continue until April 2026, describing the recent 25 basis point interest rate cut and U.S. Treasury purchases as a form of "stealth quantitative easing." Coinbase also analyzed that the Fed is shifting from balance sheet reduction to a phase of net liquidity provision. It added that the Fed funds futures market is signaling two rate cuts totaling 50 basis points in the first nine months of 2026, creating a favorable environment for crypto. Meanwhile, Bitwise CEO Hunter Horsley commented that current trends are aligning for a bull market in 2026, adding that the four-year cycle theory has been effectively nullified. He also described 2025 as a bear market that was masked by buying from decentralized autonomous trusts (DATs) and corporations adding Bitcoin to their treasuries.

According to data from Coinglass, centralized exchanges (CEXs) experienced a total net outflow of 425.22 BTC over the past 24 hours. The three exchanges with the largest net outflows were Coinbase Pro (-1,119.30 BTC), Binance (-862.13 BTC), and Bitstamp (-94.85 BTC).

Scott Lucas, Global Head of Digital Assets at JPMorgan, stated at the Solana Breakpoint conference that challenging ideas from the Solana ecosystem often mature into solutions suitable for regulated markets. He noted that innovation arises from the clash of these ideas and broad discussions, emphasizing the value of directly hearing from the industry and absorbing its energy.

According to a CoinNess analysis, Merlin Chain (MERL) has risen 17% over the past 24 hours, entering the top 100 cryptocurrencies by market capitalization on CoinMarketCap. The token briefly surpassed $0.44 on OKX and is currently trading at $0.436.

An Ethereum developer has proposed ERC-8092, a new standard for authenticating relationships between cross-chain accounts using cryptographic signatures. The proposal, which is currently in the draft stage, would allow two blockchain accounts to publicly declare, prove, and revoke their relationship through a cryptographic signature payload.