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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.

Hong Kong's Financial Services Development Council (FSDC) has announced a 10-year plan to develop real-world asset (RWA) tokenization products and strengthen its digital financial infrastructure. In a report titled "Hong Kong Capital Market Leadership Strategy," the FSDC stated it aims to develop RWA-related products within the next two to five years, with a long-term goal of overhauling its systems for tokenized issuance and trading. The council also plans to rapidly build out its digital financial infrastructure, including tokenization platforms, smart contracts, and real-time settlement systems.

The cryptocurrency exchange OKX announced it has uncovered a scheme in which several accounts used large amounts of Mantra (OM) as collateral to borrow USDT, artificially inflating the token's price. The exchange stated that after detecting the abnormal trading activity, it requested the account holders take corrective action but they were uncooperative. To prevent further risk, OKX restricted the accounts, which was followed by a sharp drop in the price of OM. The exchange confirmed that its security fund fully covered all losses resulting from the price crash. OKX added that an external analysis indicated the price decline was primarily caused by perpetual contract trading that occurred outside of its platform. The company emphasized that its security fund operated as intended by absorbing the losses. The origin of the accounts' unusually large OM holdings remains under investigation. OKX has submitted its findings to regulatory and law enforcement authorities and is currently involved in several related lawsuits.

The following are the long/short position ratios for BTC perpetual futures over the last 24 hours on the top three global crypto futures exchanges by open interest: Overall: 49.88% long / 50.12% short 1. Binance: 49.16% long / 50.84% short 2. OKX: 48.49% long / 51.51% short 3. Bybit: 49.69% long / 50.31% short

Approximately 5.94 million BTC, representing 29.8% of the circulating supply, is concentrated among institutions, governments, U.S. spot ETFs, and exchanges, according to data from Glassnode. Exchanges hold the largest portion with 2.94 million BTC, followed by U.S. spot BTC ETFs with 1.31 million BTC, publicly traded companies with 1.07 million BTC, and governments with 620,000 BTC.

Nasdaq-listed Bitmine, a company focused on Ethereum investments, purchased an additional 14,959 ETH, valued at $46 million, approximately 10 hours ago, Lookonchain reported.

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

U.S. spot Ethereum ETFs recorded a net outflow of $19.44 million (28.7 billion won) on Dec. 12, marking the second consecutive day of withdrawals, according to TraderT. An inflow of $23.21 million into BlackRock's ETHA was more than offset by outflows from Grayscale's Mini ETH ($22.10 million) and ETHE ($14.41 million), along with Fidelity's FETH ($6.14 million).

U.S. spot Bitcoin ETFs recorded a total net inflow of $50.41 million on Dec. 12, according to data compiled by TraderT. BlackRock's IBIT was the only fund to experience a net inflow, attracting $52.37 million. Meanwhile, Fidelity's FBTC saw a net outflow of $1.96 million, while all other ETFs reported no net flows for the day.

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

Over the past 24 hours, the cryptocurrency perpetual futures market has seen significant liquidations, heavily skewed toward long positions. ETH led with $114 million in liquidations, 92.93% of which were longs. BTC followed with $73.77 million liquidated, with long positions accounting for 90.55%. SOL saw $25.24 million in liquidations, with 80.82% from longs.

Prosecutors in Florida have seized $1.5 million worth of cryptocurrency from a suspect in an investment fraud case, Decrypt reported. The suspect has been charged with fraud, money laundering, and theft. The seized assets include SOL, AVAX, DOGE, and PEPE.

An address believed to belong to Polychain Capital deposited 4.114 million PENDLE to FalconX approximately eight hours ago, AmberCN reported. The wallet accumulated these tokens between March and September. A sale of the deposited assets would result in a $3.25 million loss.

Strategy was not excluded from the Nasdaq 100 index, Reuters reported.

Itaú Asset, Brazil's largest asset manager with over $185 billion in assets under management, has recommended that investors allocate 1% to 3% of their portfolios to Bitcoin, Wu Blockchain reported. In a report, the firm stated that investing in Bitcoin can serve as a hedge against currency fluctuations and geopolitical tensions.

Coinbase plans to launch its own prediction market using technology from Kalshi, CNBC reported, citing sources familiar with the matter. An official announcement is expected as early as next week. The company explained that the initiative is part of its strategy to become a comprehensive exchange for trading all types of assets, including crypto tokens, tokenized stocks, and event contracts.

Solana is struggling with worsening on-chain metrics, Cointelegraph reported. The analysis noted that the network's Total Value Locked (TVL) has fallen by over $10 billion from its all-time high of $15 billion in September. Additionally, weekly DApp revenue has dropped to $26 million from $37 million two months ago. Activity in Solana-based memecoins has also decreased by 67% since January. The report added that the annualized funding rate is at 6%, indicating weakening demand for long positions.

CoinMarketCap's Altcoin Season Index has risen two points from the previous day to 19. The index measures the performance of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped tokens, against Bitcoin. An "altcoin season" is declared when 75% of these top coins outperform Bitcoin over a 90-day period. A reading closer to 100 indicates a stronger altcoin season.

Fogo, an SVM Layer 1 chain, has canceled its planned FOGO token presale and will instead airdrop the tokens allocated for the sale, The Block reported. The allocation, valued at $20 million, represents 2% of the total FOGO supply. Fogo is scheduled to launch its mainnet in January of next year.

Chicago-based derivatives exchange and clearinghouse Bitnomial has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to launch a prediction market, Cointelegraph reported. The company plans to offer contracts for betting on cryptocurrency prices, including BTC, and macroeconomic data, in addition to its existing crypto derivatives products. Bitnomial previously announced plans to launch a CFTC-regulated spot cryptocurrency exchange.

The Crypto Fear & Greed Index has fallen six points from the previous day to 23, shifting from the fear to the extreme fear category, according to data from Alternative. The index measures market sentiment on a scale of 0 to 100, where 0 represents extreme fear and 100 signifies extreme optimism. The index 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%).

Global credit rating agency Moody's has proposed a new scoring system to assess the creditworthiness of stablecoins, The Block reported. The framework would evaluate the quality of assets held in a stablecoin's reserves and their custody arrangements. Under this system, different dollar-pegged stablecoins could receive varying credit scores depending on their underlying collateral. Moody's is seeking feedback on the proposal from market participants until Jan. 26.