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A number of UK-listed companies that pursued Bitcoin accumulation strategies are now facing significant unrealized losses after buying the cryptocurrency at high prices, The Telegraph reported, citing its own analysis. The analysis found that 13 publicly traded British firms purchased a total of 4,300 BTC at an average price of $113,105. With Bitcoin's price falling to $87,000 last Friday, these holdings are down 22% from their average entry point. Including a sale by Satsuma Technology, an AI infrastructure firm listed on the London Stock Exchange, these companies have incurred losses of approximately £79 million ($99.5 million). The report also noted that Smarter Web Company (SWC), a UK-based web developer that adopted a Bitcoin reserve strategy, has also recorded losses, with its stock price plummeting by around 90% from its peak.

An address presumed to belong to Bitmain, starting with 0x1b6, has withdrawn 13,412 ETH ($40.58 million) from Kraken, Onchain-Lenz reported.

Binance announced on its official website that it will list the KGST/USDT spot trading pair at 8:00 a.m. UTC on Dec. 24.

Web3 social infrastructure project UXLINK has initiated a governance proposal to use a portion of its revenue for token buybacks, the project announced on X. The proposal calls for using monthly revenue to purchase at least 1% of the total UXLINK token supply, which would then be held in a strategic reserve. UXLINK stated that despite its stable growth and monthly profits, the project's intrinsic value is not fully reflected in the market. It added that the proposal is a sustainable mechanism based on a firm belief in the project's future. The vote is scheduled to conclude on Dec. 27.

South Korea's Financial Intelligence Unit (FIU), which operates under the Financial Services Commission, has initiated sanction procedures against virtual asset exchange Korbit, Aju Business Daily reported exclusively. According to industry sources on Dec. 22, Korbit confirmed it received a preliminary notice from the FIU on Dec. 18 regarding violations of its anti-money laundering obligations. This notice is the first step in the process, which will be followed by a roughly 10-day period for hearing opinions before the FIU's Sanctions Deliberation Committee makes a final decision on penalties, including potential fines.

AI-focused blockchain project OpenLedger (OPEN) announced via X that it has received an investment in its OPEN token from Marblex, the blockchain subsidiary of KOSPI-listed South Korean gaming company Netmarble. The project added that the investment reflects Marblex's confidence in OpenLedger's potential to serve as a foundational infrastructure for data and AI transparency.

Cloud computing firm Northern Data has sold its Bitcoin mining division, Peak Mining, to three companies operated by Tether executives for up to $200 million, the Financial Times reported. The acquiring firms are reportedly run by Tether co-founder and Chairman Giancarlo Devasini and CEO Paolo Ardoino.

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: 50.53% long, 49.47% short 1. Binance: 49.69% long, 50.31% short 2. OKX: 49.8% long, 50.2% short 3. Bybit: 51.39% long, 48.61% short

Five anonymous whale addresses have deposited 8.84 million LIGHT, worth $8.2 million, to the crypto exchange Bitget over the past seven hours, according to Lookonchain. The token's price surged from $1.35 to $4.75 over the past three days before plummeting below $1 in the last two hours. Over the past 24 hours, LIGHT futures liquidations have reached $16.17 million, the third-largest volume after BTC and ETH.

A Uniswap (UNI) governance proposal titled "UNIFICation" is on track to be approved by the community. The proposal has garnered 69 million votes in favor, significantly exceeding the 40 million required for passage, with an approval rate nearing 100%. Key measures in the proposal include burning 100 million UNI, activating a fee on/off mechanism on the Ethereum (ETH) mainnet, and burning the UNI collected through these fees.

Blockchain security firm CertiK has announced a strategic memorandum of understanding (MOU) with NEXUS to strengthen security and stablecoin infrastructure. The collaboration will target the NEXUS and CROSS ecosystems. Under the agreement, CertiK will work with NEXUS on several fronts, including smart contract security and audits, real-time on-chain risk monitoring, establishing a regulatory and compliance framework for Asia-based stablecoins, and upgrading core security infrastructure. Additionally, the two firms plan to jointly develop an Asia market entry strategy and will gradually expand their cooperation, with a focus on Web3 security and enterprise blockchain.

The Hong Kong Insurance Authority (HKIA) has released a legislative proposal that would allow insurance capital to be invested in cryptocurrencies and related infrastructure, Bloomberg reported. The proposal includes a 100% risk weighting for cryptocurrencies, while the weighting for stablecoins would depend on their underlying pegged assets. The plan is scheduled for public and industry consultation from February to April 2026, after which it will be submitted to the legislature. Bloomberg added that Hong Kong has been actively developing regulations to support cryptocurrency and stablecoin development as part of its push to become a digital finance hub.

Bitcoin is expected to bottom out in 2026 before rising to $150,000 in the next bull market, according to on-chain analyst Murphy. The analyst identified the $80,000 to $90,000 range as the strongest support zone, noting that 6.17 million BTC are currently held at a loss above $90,000, while 7.46 million BTC are in a profitable position below $80,000. Murphy stated that after a major liquidation event on Oct. 11, most top-sellers have already exited the market, and the remaining holders have entered a holding phase. The primary risk now is large-scale selling from profitable long-term holders (LTHs), who have been offloading their positions due to the four-year cycle theory and macroeconomic uncertainty. However, panic selling above the $110,000 level has largely subsided. The analyst added that despite the sell-off from LTHs, Bitcoin's price has not experienced a 50% crash typical of past cycles, which indicates strong underlying demand. If new buying pressure can absorb the 1.87 million BTC in the $80,000-$90,000 range without it becoming sell-side pressure, the outlook for next year is positive. Murphy concluded that the current market is a strong shakeout period and that an inflection point will arrive in 2026, paving the way for a rally to $150,000.

An Ethereum OG address starting with 0xccc staked 3,598 ETH, worth approximately $10.8 million, on the liquid staking platform Ether.fi about four hours ago, according to The Data Nerd. The address had held the assets for nine years.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $49.14 million liquidated (62.66% shorts) - ETH: $47.23 million liquidated (67.34% shorts) - LIGHT: $16.31 million liquidated (51.43% longs)

Global cryptocurrency exchange Bitget has announced a comprehensive platform overhaul centered on enhancing benefits for its VIP traders. The update integrates fee structures, reward programs, and asset management functions into a unified, VIP-focused system. Operating under the slogan "Maximum perks, minimum fees," the revamped platform features a minimal fee structure as a core component, with rates up to 67% lower than major competing exchanges for equivalent trading volume tiers. VIP status, privileges, and benefits can be viewed instantly through the app's user interface. Bitget CEO Gracy Chen explained that the overhaul combines tangible benefits like lower fees, a clear privilege structure, and accessible tools for advanced traders into a single environment. The exchange stated that this initiative marks a strategic shift from volume-based competition to making the VIP experience a core element of its platform strategy.

Spot gold has reached a new all-time high of $4,384.90 per ounce, its highest point since Oct. 20. According to data from TradingView, the precious metal is currently trading at $4,380.74, up 0.97% from yesterday's closing price.

Decentralized perpetuals exchange Aster has announced it will host Crystal Weekly Drops, a six-week futures trading competition with a total prize pool of $12 million. Phase one will run from Dec. 22 at 12:00 a.m. UTC to Dec. 28 at 11:59 p.m. UTC, with up to 2 million USDF in prizes. To be eligible, traders must meet several conditions during this period, including holding over 444 ASTER, trading for more than six days, and maintaining a position size of over $30,000 in ASTER, BNB, or HYPE. The prize money will be distributed equally among all qualifying traders.

According to Tokenomist, major token unlocks scheduled for this week (Dec. 22-28) include: - MBG: 15.84 million tokens ($8.06 million), 8.42% of circulating supply, at 12:00 p.m. UTC on Dec. 22. - UDS: 2.15 million tokens ($5.16 million), 1.46% of circulating supply, at 12:00 a.m. UTC on Dec. 23. - SOON: 21.88 million tokens ($8.82 million), 5.97% of circulating supply, at 8:30 a.m. UTC on Dec. 23. - H: 105 million tokens ($15.28 million), 4.79% of circulating supply, at 12:00 a.m. UTC on Dec. 25. - XPL: 88.89 million tokens ($11.5 million), 4.52% of circulating supply, at 12:00 p.m. UTC on Dec. 25. - JUP: 53.47 million tokens ($10.34 million), 1.73% of circulating supply, at 2:00 p.m. UTC on Dec. 28.

An anonymous whale address beginning with 0xa923 sold 230,350 AAVE over the past three hours, swapping the tokens for assets worth a combined $37.59 million, according to data from Onchain Lens. The transactions involved exchanging the AAVE for 5,869.46 stETH ($17.52 million) and 227.8 WBTC ($20.07 million). The sale was followed by a drop of approximately 10% in the price of AAVE. According to CoinMarketCap, the token is currently trading at $161.70, down 9.57% over the past 24 hours.

CoinMarketCap's Altcoin Season Index currently stands at 17. The index is calculated by comparing the price performance of the top 100 cryptocurrencies, excluding stablecoins and wrapped tokens, against Bitcoin over the past 90 days. An altcoin season is declared when 75% of these top coins outperform Bitcoin during that period. A score closer to 100 signifies an altcoin season, while the current low reading indicates a Bitcoin season.

Dec. 22 - 1:00 a.m. UTC: China loan prime rate (LPR) Dec. 23 - 12:00 a.m. UTC: U.S. October core personal consumption expenditures (PCE) - 1:30 p.m. UTC: U.S. third-quarter GDP, advance estimate Dec. 24 - U.S. stock market closed for Christmas - 1:30 p.m. UTC: U.S. initial jobless claims Dec. 25 - U.S. stock market closed for Christmas

According to CoinNess market monitoring, BTC has risen above $89,000. BTC is trading at $89,009.66 on the Binance USDT market.

The Crypto Fear & Greed Index from data provider Alternative has risen five points from yesterday to 25. While this marks a slight improvement in investor sentiment, the market remains in a state of extreme fear. The index measures market sentiment on a scale of 0 to 100, where 0 represents extreme fear and 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%).

CME Bitcoin futures, which closed the previous trading day at $87,895, opened on Monday at $88,570, creating a gap of approximately $695. A CME futures gap represents the difference between the contract's closing price on Friday and its opening price on Monday. This phenomenon occurs because the CME is closed on weekends, while the Bitcoin spot market operates 24/7. The larger the fluctuation in the spot price over the weekend, the wider the gap becomes. Consequently, investors are closely watching for the possibility that the futures price will move to fill this gap.