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U.S. spot Bitcoin ETFs recorded a total net outflow of $194.6 million on Dec. 4, marking the second consecutive day of net withdrawals, according to data from Farside Investors. BlackRock's IBIT saw the largest outflow at $113 million. Other significant outflows included $54.2 million from Fidelity's FBTC, $14.3 million from VanEck's HODL, and $10.1 million from Grayscale's GBTC. No ETFs reported net inflows for the day.

U.S. spot Ethereum ETFs recorded net outflows of $41.5 million on Dec. 4, reversing course just one day after posting net inflows, according to data from Farside Investors. BlackRock's ETHA was the only fund to see positive flows, attracting $28.4 million. Outflows were led by Grayscale's ETHE with $31 million, followed by Grayscale's Mini ETH with $21 million and Fidelity's FETH with $17.9 million.

Henry Chang, the former CEO of Wemade, has been formally acquitted of charges related to manipulating the circulating supply of WEMIX after South Korean prosecutors declined to appeal the verdict, News1 reported. According to legal sources on Dec. 5, prosecutors did not file an appeal by the Dec. 4 deadline. With the defendant, who is now the CEO of Nexus, also not appealing, the second-instance court's not-guilty verdict is now final. Chang was indicted in August 2023 on allegations that he had profited by falsely announcing in early 2022 that he would stop liquidating WEMIX coins. The prosecution argued this was done to induce buying and support the prices of both Wemade's stock and the WEMIX token.

Cryptocurrency services provider Matrixport has withdrawn 3,805 BTC, valued at $350 million, from Binance over the past 24 hours, Lookonchain reported. Withdrawals from exchanges are typically interpreted as a move to hold the assets.

Whale Alert reported that 283,050,936 USDT has been transferred from an unknown wallet to OKX. The transaction is valued at about $283 million.

Whale Alert reported that 283,050,936 USDT has been transferred from OKX to an unknown wallet. The transaction is valued at about $283 million.

Binance has announced that it will temporarily suspend deposits and withdrawals for LUNA at 12:05 p.m. UTC on Dec. 8 to support a network upgrade.

South Korean crypto exchange Bithumb has announced it will temporarily suspend deposits and withdrawals for the Polygon Ecosystem Token (POL) starting at 2:00 a.m. UTC on Dec. 9 to support a network upgrade.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $90.06 million liquidated (67.33% longs) - ETH: $87.9 million liquidated (63.5% longs) - SOL: $9.37 million liquidated (87.52% longs)

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

Binance announced the temporary suspension of deposits and withdrawals for CHESS, DF, and GHST, effective 8:00 a.m. UTC on Dec. 12, citing network delays.

An address presumed to belong to Bitmine (BMNR) purchased an additional 41,946 ETH, valued at $130.78 million, approximately five hours ago, Lookonchain reported.

Danal, the operator of Paycoin (PCI), has signed a service contract to build out Binance Pay's infrastructure and service integration in South Korea, Prime Economy exclusively reported. A company official stated that the proactive collaboration with Binance is intended to ensure stable service delivery in preparation for upcoming domestic legislation.

CoinMarketCap's Altcoin Season Index stands at 23, unchanged from yesterday, indicating that market conditions continue to favor Bitcoin over altcoins. The index is calculated by comparing the price performance of the top 100 cryptocurrencies, excluding stablecoins and wrapped tokens, against Bitcoin over the last 90 days. A period of broad altcoin outperformance is declared when 75% of these top coins perform better than Bitcoin. A score closer to 100 on the index signals a stronger altcoin season.

South Korea's Woori Bank has begun displaying Bitcoin prices alongside foreign exchange rates and stock market data on the main display board of its dealing room in Seoul, Maeil Business Newspaper reported. The move reflects a broader trend among traditional financial institutions in the country to expand into the digital asset sector. On Dec. 3, Hana Financial Group also signed an agreement with Dunamu, the operator of the South Korean crypto exchange Upbit, to apply blockchain technology to services such as overseas remittances.

Bitcoin options with a notional value of $3.4 billion are set to expire at 8:00 a.m. UTC today, Dec. 5, according to data from the crypto options exchange Deribit. The put/call ratio for this batch is 0.91, with a max pain price of $91,000. Additionally, Ethereum options worth $660 million will expire at the same time. These options have a put/call ratio of 0.78 and a max pain price of $3,050.

Aster (ASTER), a decentralized perpetual futures exchange, has burned $80 million worth of ASTER tokens held in its buyback wallet, Solid Intel reported. The move follows the project's announcement on Dec. 2 that it was initiating its Stage 4 buyback program.

The Crypto Fear & Greed Index, compiled by data provider Alternative, has risen two points from yesterday to 28, though it remains in the fear stage. The index measures market sentiment on a scale of 0 to 100, where 0 signifies extreme fear and 100 represents 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%).

Approximately five hours ago, 153.83 BTC and 16,930 ETH, valued at a total of $67.48 million, were transferred from Coinbase to a wallet owned by BlackRock, according to data from Onchain Lens.

Harvard University significantly increased its Bitcoin holdings during the recent market downturn, accumulating a position now valued at approximately $443 million, according to Yahoo Finance. The university reportedly began its intensive buying phase after Bitcoin's price peaked in October, acquiring the asset as it fell 17% through November. The investment was made through the Harvard Management Company, which oversees the university's $57 billion endowment. The company reported holding 1.9 million shares of BlackRock's Bitcoin Trust, valued at $116.7 million, in the second quarter. It then tripled this position in the third quarter, bringing its current holdings to 6.8 million shares worth $443 million.

JP Morgan stated in a recent report that the impact would be limited even if MSCI excludes companies with digital asset treasuries (DATs), such as Strategy, from its indices, arguing that the possibility has already been largely priced in by the market. Strategy's stock price fell 40% between MSCI's announcement in October that it was reviewing the matter and Dec. 2. The report described the current market price as reflecting the potential for exclusion from all major indices. While MSCI's final decision is the most critical variable for the price movements of both Strategy and Bitcoin, JP Morgan projects that downside pressure would be limited even with a negative outcome. Conversely, if Strategy remains in the index, its stock could rebound strongly to the price levels seen before the major sell-off on Oct. 10.

AlphaTON, a Nasdaq-listed Digital Asset Treasury (DAT) firm for the TON token, has filed a Form S-3 shelf registration with U.S. financial authorities to issue up to $420.69 million in securities, The Block reported. The company plans to use the proceeds to expand its AI and high-performance computing infrastructure in support of Telegram's Cocoon AI network. The funds will also be allocated for purchasing TON tokens and related digital assets, as well as investing in startups within the TON ecosystem.

The three major U.S. stock indices closed mixed. The S&P 500 gained 0.1% and the Nasdaq Composite rose 0.2%, while the Dow Jones Industrial Average slipped 0.07%.

Bitcoin is expected to trade sideways in a range between $85,000 and $95,000 through the end of the year, according to an analysis by Paul Howard of Wincent, CoinDesk reported. Howard suggested that low liquidity in December could limit any potential rebound for the cryptocurrency. He also noted that in the absence of clear macroeconomic variables, a stagnant Bitcoin could create a favorable environment for altcoins. From a macroeconomic standpoint, Howard identified the Bank of Japan's (BoJ) upcoming interest rate decision as a key event. He explained that if the BoJ holds rates steady, it could restore demand for risk assets, creating a positive trend for Bitcoin, gold, and stocks.

Whale Alert reported that 256,016,743 USDT has been transferred from an unknown wallet to OKX. The transaction is valued at about $256 million.