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South Korean cryptocurrency exchange Upbit has announced on its official website that it is temporarily suspending all virtual asset deposits and withdrawals with the peer-to-peer (P2P) trading platform Paxful. The move follows Paxful's guilty plea to three criminal charges for facilitating illegal activities, including prostitution, fraud, and sanctions violations.

Tom Lee, founder of Fundstrat and chairman of Bitmine, said he believes Ethereum (ETH) has bottomed out. Speaking on the Farokh Radio YouTube channel, hosted by the founder of the Web3 podcast Rug Radio, Lee stated that Bitmine has more than doubled its Ethereum purchases compared to two weeks ago.

The recent slowdown in Bitcoin's recovery stems from a contraction in new liquidity, according to an analysis by CryptoQuant contributor Darkfost. The analyst noted that the volume of stablecoins flowing into exchanges fell by 50%, from $158 billion in August to $76 billion, while the 90-day average inflow also decreased from $130 billion to $118 billion. Darkfost argued this indicates that BTC is facing slowing demand and lacks the strength to absorb selling pressure. The recent minor rebound was attributed to an easing of this pressure rather than an increase in buying, with the analyst adding that a new influx of liquidity is essential for BTC to resume a strong upward trend.

Binance has announced the addition of API support for the launch of perpetual futures contracts with stocks as the underlying asset.

South Korean crypto exchange Bithumb announced it will temporarily suspend deposits and withdrawals for Polygon (POL) starting at 7:00 a.m. UTC on Dec. 16 to support a network upgrade.

Memecoin launchpad Pump.fun has bought back $205 million worth of its PUMP token since July, according to SolanaFloor. This marks the largest cumulative buyback in the Solana ecosystem, surpassing the previous record held by Raydium (RAY). The total amount repurchased represents 13.8% of PUMP's circulating supply.

The New York Stock Exchange (NYSE) has installed a statue of Bitcoin creator Satoshi Nakamoto, Cointelegraph reported. This makes the NYSE the sixth location to display such a statue, following installations in Switzerland, El Salvador, Japan, Vietnam, and the U.S. state of Florida. The media outlet noted that this development marks a stark contrast to the atmosphere on Wall Street just a few years ago, when cryptocurrency was considered taboo, adding that the exchange has now positioned itself as a space where traditional finance and emerging technology converge.

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: 49.39% long, 50.61% short 1. Binance: 48.39% long, 51.61% short 2. OKX: 48.52% long, 51.48% short 3. Bybit: 50.38% long, 49.62% short

Binance has announced it will temporarily suspend deposits and withdrawals on the BNB Smart Chain (BEP20) to support a network upgrade. The suspension is scheduled to begin at 5:55 a.m. UTC on Dec. 16.

Strategy CEO Phong Le said in an interview with the Schwab Network that the company will maintain its dividend payment plan even during a Bitcoin bear market or a broader crypto market downturn. He emphasized that paying dividends is a higher priority than refraining from selling the company's Bitcoin.

U.S. spot Ethereum ETFs recorded a total net inflow of $56.48 million on Dec. 10, marking the third consecutive day of net inflows, according to data from Trader T. BlackRock's ETHA led the group with $55.35 million in net inflows, followed by Grayscale Mini with $7.91 million. Meanwhile, Fidelity's FETH was the only fund to see an outflow, recording a net withdrawal of $6.78 million.

The Avalanche (AVAX) Foundation announced it is establishing a Distributed Ledger Technology (DLT) Foundation within the Abu Dhabi Global Market (ADGM). The foundation stated that the new entity is expected to strengthen Avalanche's presence in the Middle East and support close collaboration on local partnerships and program development.

U.S. spot Bitcoin ETFs recorded $221 million in net inflows on Dec. 10, marking the second consecutive day of positive flows, Trader T reported. BlackRock's IBIT led the activity with $190 million in net inflows, followed by Fidelity's FBTC, which attracted $30.58 million. The remaining ETFs reported no net inflows or outflows.

South Korea's ruling Democratic Party is pushing to introduce its second-phase virtual asset legislation, known as the Digital Asset Basic Act, by January, the Maeil Business Newspaper reported. On Dec. 11, Rep. Kang Jun-hyeon, a ranking member of the National Assembly's National Policy Committee, told reporters that waiting for the government's version of the bill would make a timely review impossible. He emphasized the need to introduce the legislation by January. If the bill is introduced as planned, a formal review is expected to begin during an extraordinary parliamentary session in February following a deliberation period.

Tether has launched QVAC Health, a privacy-focused health app that encrypts and manages user data directly on their devices, CoinDesk reported. The app, built on Tether's AI development platform, is designed to integrate and track various health metrics such as step counts, sleep patterns, and exercise records. According to the report, user data is stored locally with encryption and is not transmitted to the cloud or external servers, nor is it collected for advertising purposes.

South Korean crypto exchange Bithumb announced that it will list STABLE for trading against the won today at 8:00 a.m. UTC.

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

South Korean crypto exchange Bithumb has announced the temporary suspension of all virtual asset deposits and withdrawals with the peer-to-peer trading platform Paxful, effective today. The move follows Paxful's guilty plea to three criminal charges for abetting illegal activities, including sex trafficking, fraud, and sanctions violations.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $169 million liquidated (77.95% longs) - ETH: $167 million liquidated (66.52% longs) - SOL: $23.49 million liquidated (85.99% longs)

Software developer Exodus Movement has sold 245 BTC, bringing its total holdings to 1,902 BTC, according to BitcoinTreasuries.NET.

An address believed to belong to the Worldcoin (WLD) team deposited 13.97 million WLD, worth $8.82 million, to Coinbase about an hour ago, according to Onchainschool.pro (@how2onchain). Deposits to exchanges are typically interpreted as an intent to sell.

According to CoinNess market monitoring, BTC has fallen below $90,000. BTC is trading at $89,986.52 on the Binance USDT market.

Bhutan has launched a gold-backed token, TER, on the Solana blockchain, CoinDesk reported. DK Bank, Bhutan's first digital bank, will handle the token's distribution and custody.

AI blockchain platform Talus Network announced that its airdrop claim will open today at 1:00 p.m. UTC.

The Chicago Board Options Exchange (CBOE) has approved the listing of 21Shares' spot XRP ETF, Cointelegraph reported.