Live Feed

Crypto wallet provider Phantom has announced the launch of its new Phantom Prediction Market service via its official X account. The service is based on technology from the decentralized prediction market Kalshi and will support trading in prediction contracts on topics such as sports, cryptocurrency, and culture.

South Korean crypto exchange Upbit has announced a temporary suspension of deposits and withdrawals for digital assets on the Arbitrum One network due to wallet system maintenance. The affected cryptocurrencies include ANIME, ARB, MLK, and BOUNTY.

Tether, the issuer of the USDT stablecoin, is considering options such as stock tokenization to provide liquidity for its investors after completing a share sale of up to $20 billion, Bloomberg reported, citing sources familiar with the matter. The sources stated that Tether is pursuing a share sale based on a company valuation of $500 billion. During this process, the company reportedly blocked some existing shareholders from attempting to sell their stakes at a lower valuation. Tether also plans to prohibit existing shareholders from selling their shares in future funding rounds and is exploring measures like share buybacks or tokenization to ensure investor liquidity once the deal is complete.

Starglow, a K-pop star platform built on Berachain (BERA), announced it will host its second community meetup on Dec. 20 at UNDERCITY near Seongsu Station. The event will feature the introduction of the final artists from its on-chain audition, "The First Glow," and the unveiling of the platform's roadmap. The meetup will also include a networking session, a live show, and unlimited beverages for attendees. Airdrops and raffle events will offer physical prizes such as AirPods, Galaxy Tabs, and Starbucks gift cards. Invitation codes will be prioritized for users who meet specific activity and platform contribution requirements, with separate applications available for partners and media. A Starglow representative stated that the event is an opportunity for the community and ecosystem to discuss the project's future direction, adding that updates on global expansion will be provided after the audition's final stage.

Fidelity has projected a long-term rally for Bitcoin (BTC), based on its developmental wave model. According to a report from the asset manager, an analysis of the model indicates that BTC has entered the mature stage of its fifth upward wave. This cycle, which began from a low of $16,603 in 2022, could potentially extend to approximately $151,360. The report notes that while the magnitude of price increases diminishes with each successive wave, the duration of each cycle lengthens. In the short term, Fidelity anticipates a year-end rally amid a monetary easing environment and expects Bitcoin to enter its sixth wave early next year.

Blockchain-based online lending platform Figure plans to submit a second Initial Public Offering (IPO) application to the U.S. Securities and Exchange Commission (SEC), Solana (SOL) announced via its official X account. The application includes a plan to issue the company's shares natively on the Solana blockchain.

Coinbase and Standard Chartered have announced an expanded partnership to enhance their crypto prime services for institutional investors. The collaboration will focus on developing solutions for trading, prime services, custody, staking, and lending, according to CoinDesk. This move builds on their existing partnership in Singapore, where Standard Chartered facilitates real-time Singapore dollar (SGD) transfers for Coinbase clients.

Binance has announced it will list US/USDT and CYS/USDT perpetual futures. The US/USDT contract is set to launch at 10:45 a.m. UTC today, followed by the CYS/USDT contract at 11:00 a.m. UTC. The exchange will support up to 40x and 20x leverage for the contracts, respectively.

U.S. trust banking giant Northern Trust holds 1.488 million shares of Strategy (MSTR) valued at $260 million, according to BitcoinTreasuries.NET.

Dino Tycoon (TYCOON), an AI-based Web3 simulation game, announced via its official X account that it will use a portion of its Season 1 operating profits for a token buyback. The project stated that the first buyback will be completed before the end of the year and that it plans to continue allocating a portion of operating profits to buybacks in subsequent seasons. It also noted that the next season is scheduled to begin in the third week of December. Following the announcement, TYCOON surged 83.3% to trade at $0.05497, according to CoinMarketCap.

Capital A, the parent company of AirAsia, is jointly exploring the issuance of a stablecoin pegged to the Malaysian ringgit with Standard Chartered, Cointelegraph reported. The initiative is being considered under a regulatory sandbox program run by Malaysia's central bank.

Global Web3 information and trading ecosystem Ness LAB has announced a partnership with the decentralized exchange Lighter. The collaboration aims to help onboard traders unfamiliar with decentralized trading environments. As part of the initiative, users who trade cryptocurrencies on Lighter through CoinNess, a platform under Ness LAB, will receive a 20% bonus in points until Dec. 31. Lighter is currently operating a points system to reward user contributions ahead of its Token Generation Event (TGE), with the points expected to serve as a basis for a future airdrop.

Decentralized prediction market Kalshi has announced the formation of the Coalition for Prediction Markets (CPM). Members of the coalition include Crypto.com, Coinbase, Robinhood, and Underdog.

Solana co-founder Anatoly Yakovenko stated at the Solana Breakpoint event that decentralization does not mean an absence of leaders, but rather a situation where everyone is a leader. He added that his goal is to be able to blend into the audience without needing GitHub commit permissions.

Ripple has finalized its $200 million acquisition of stablecoin startup Rail, a deal first announced in August, according to U.Today. Rail processes 10% of all global business-to-business (B2B) stablecoin payments. The acquisition is the latest in a series for Ripple this year, following its purchases of prime brokerage firm Hidden Road (now Ripple Prime), corporate finance and risk management SaaS provider GTreasury, and crypto wallet and custody firm Palisade.

Brennan Watt, Vice President of Core Engineering at Anza, a key development and maintenance firm for the Solana ecosystem, has put forward a proposal (SIMD-0389) to reduce the cost of creating a Solana account by a factor of 10. He stated that the change would enable the recovery of dormant SOL without compromising the network's security.

Open artificial general intelligence (AGI) framework Sentient has announced the launch of SERA-Crypto, an open-source AI agent designed to solve the problem of AI "hallucinations" in cryptocurrency research. Based on Sentient's proprietary SERA architecture, SERA-Crypto is specialized for the Web3 sector. The company states that the agent can provide answers on topics including on-chain data, tokenomics, and protocol risks within 30 seconds, with all responses being verifiable, citable, and based on real-time results. Sentient explained that SERA-Crypto provides data up to 48 hours ahead of existing AI agents, offering greater research depth and data consistency. The goal is to meet the crypto market's demand for reliability while reducing the risk of losses from misinformation. SERA-Crypto is available on Sentient Chat, and a phased open-source release is scheduled to begin next week.

A long-term Bitcoin holder identified as 1011short has expanded their leveraged positions to a total value of over $500 million, according to Lookonchain. The investor's holdings include a 5x long position in ETH valued at approximately $491 million with an average entry price of $3,184.74, a 5x long position in BTC worth around $92.58 million with an entry price of $92,586, and a 20x long position in SOL valued at $29.75 million with an entry price of $137.34.

The following are the BTC perpetual futures long/short position ratios over the last 24 hours on the world's top three crypto futures exchanges by open interest: Overall: Long 49.97%, Short 50.03% 1. Binance: Long 49.55%, Short 50.45% 2. OKX: Long 50.28%, Short 49.72% 3. Bybit: Long 50.77%, Short 49.23%

Hackers who stole 44.5 billion won (approximately $32.2 million) in cryptocurrency from the South Korean exchange Upbit last month used a small exchange based in a tax haven to launder the funds, KBS reported exclusively. The perpetrators reportedly processed the stolen assets through Godex, an unlicensed platform based in Seychelles that allows users to conceal their identities as beneficial owners. In a separate report, KBS also stated that Upbit had requested that Binance freeze 470 million won (about $340,000) worth of Solana (SOL). However, Binance delayed the action for approximately 15 hours, citing a need for further fact-checking, and ultimately froze only 80 million won (about $58,000) worth of the assets.

Japan's National Tax Agency (NTA) collected a record ¥4.6 billion ($29.7 million) in back taxes from individual cryptocurrency investors last year, CoinPost reported. The figure, derived from 613 tax audits, marks a 31.4% increase from the previous year. Currently, Japan classifies profits from cryptocurrency as miscellaneous income, subject to a progressive tax rate of up to 55%. However, the Japanese government and the ruling party are pursuing a plan to reclassify it under a separate taxation system.

Members of the UK House of Lords have opposed a Bank of England plan to limit corporate and individual investor holdings of stablecoins, Bloomberg reported. In a letter to Chancellor of the Exchequer Rachel Reeves, the members, including Peter Cruddas, argued that the plan is more likely to cause capital flight than mitigate risk. They urged the chancellor to oppose the central bank's proposal. The Bank of England previously announced it would seek to cap individual stablecoin holdings at £20,000 (around $25,300) and corporate holdings at £10 million (around $12.7 million).

Blockchain mobility platform MVL has signed a Memorandum of Understanding (MOU) with Woori Bank's Cambodian subsidiary to promote green mobility initiatives in the country, local media reported. The partnership will focus on developing eco-friendly transportation for local Woori Bank employees and creating financial services for drivers.

Bitcoin accumulation addresses, defined as wallets holding for the long term, added 75,000 BTC between Dec. 1 and Dec. 10, according to an analysis by CryptoQuant contributor Darkfost on X. Darkfost noted that 40,000 BTC of this total was purchased between Dec. 9 and Dec. 10 alone. These addresses now hold approximately 315,000 BTC, and the accumulation trend is continuing. The analysis classifies these addresses based on criteria including no withdrawal history and repeated deposits, while excluding wallets tied to exchanges, miners, or smart contracts.

Ethereum (ETH) is positioned for long-term growth based on solutions to its scalability challenges and its robust community and dApp ecosystem, according to a recent report from LD Capital. The report states that blockchain technology is driving change across various industries, with ETH leading the way through its smart contract and dApp ecosystem. It notes that the Merge, Ethereum's transition to Proof-of-Stake (PoS), significantly improved its scalability, security, and energy efficiency. While acknowledging challenges from competing platforms due to high fees, the report anticipates that the introduction of Layer 2 solutions like sharding will resolve these scalability issues. LD Capital founder Jack Yi added that there is a growing consensus on Wall Street for blockchain adoption and that the Fusaka upgrade for ETH is increasing the daily burn rate. He also pointed out that speculative leverage is at an all-time low and exchange reserves account for only 10% of the supply. Yi concluded that funds are flowing into ETH for its tangible value amid the current cycle of interest rate cuts.