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A governance proposal for Uniswap (UNI), dubbed UNIFICation, has passed, founder Hayden Adams announced. The proposal, which received 125.34 million votes in favor and 742 against, includes provisions to burn 100 million UNI. It also activates a fee on/off mechanism on the Ethereum mainnet, with the UNI collected from these fees also set to be burned.

In its 2026 crypto outlook report, The Block noted that while the industry made significant strides in institutional adoption and regulatory clarity in 2025, prices remained stagnant and the market's reaction was lukewarm. A CoinNess summary of the report's key findings for 2025 highlights several trends. The total crypto market capitalization surpassed its all-time high of $4.3 trillion, but price increases were confined to a select few tokens. Layer 1 blockchains began to specialize, with Solana, BNB, and Hyperliquid emerging as hubs for speculative trading, while Ethereum solidified its role as a data availability hub for its rollup-centric roadmap. Coinbase's Layer 2 network, Base, rose as a new leader. Other key developments included the large-scale adoption of real-world asset (RWA) tokenization by institutions, the expansion of the spot crypto ETF market to include assets like Solana and Ripple, and the emergence of Digital Asset Trust (DAT) firms. On-chain trading volume was driven by derivatives and prediction markets, particularly perpetual decentralized exchanges. The report also noted that the U.S. transitioned toward a more clearly defined regulatory framework.

A Bitcoin OG, identified by the address 1011short, has increased a long position in SOL by 207,351 tokens, Lookonchain reported. The address also holds a 5x long position of 203,341 ETH, a 5x long position of 1,000 BTC, and a 10x long position of 508,929 SOL, with current unrealized losses totaling $43 million.

On-chain analyst Ali Martinez noted on X that historically, it has taken Bitcoin approximately 1,064 days to move from a market bottom to a peak. He added that the subsequent move from a market peak to a new bottom has typically taken around 364 days.

World Liberty Financial (WLFI), a firm associated with the Trump family, announced on X that its stablecoin, USD1, has surpassed a market capitalization of $3 billion. The company described the achievement as a significant milestone for its team and community, adding that its goal is to build the financial network of the future and that this is just the beginning. According to CoinMarketCap, USD1's current market capitalization stands at $3.07 billion.

Jim Cramer, the host of CNBC's Mad Money, has predicted a bear market for Bitcoin, according to a post on X by CryptoQuant CEO Ju Ki-young. Ju noted that Cramer is widely mocked in the stock and crypto communities as a contrarian indicator whose market forecasts often turn out to be incorrect.

Coinglass has released its 2025 annual report on the crypto derivatives market, with key findings summarized by on-chain analyst AmberCN. The report highlights that 2025 was the year of DATs, as these companies increased their BTC holdings from 600,000 at the start of the year to 1.05 million by November, accounting for about 5% of the total Bitcoin supply. Total trading volume in the crypto derivatives market reached approximately $85.7 trillion for the year, with a daily average of $264.5 billion. The total notional value of liquidated long and short positions amounted to $150 billion, with daily liquidations averaging between $400 million and $500 million, primarily concentrated in October and November. Among centralized exchanges, Binance, OKX, Bitget, Bybit, and Gate were ranked as the top five platforms. The report also noted significant growth in crypto prediction markets, which are expected to exceed $52 billion in cumulative trading volume, and a sharp rise in market interest for on-chain U.S. stock tokens within the RWA sector. Furthermore, decentralized derivatives are projected to move beyond the proof-of-concept phase to actively compete for market share.

Phong Le, CEO of Strategy (MSTR), has expressed optimism for Bitcoin's prospects in 2026, despite its recent drop below $87,000, according to The Daily Hodl. The downturn in BTC's price led to an 8.5% fall in Strategy's stock. However, Le emphasized that Bitcoin is a unique asset, describing it as a generational technological invention that combines innovations in macroeconomics and capital markets. He acknowledged that Bitcoin could exhibit short-term volatility similar to other risk assets. Still, Le said he anticipates a more accommodative stance from the Fed, a risk-on environment during the midterm election season, and wider adoption by banks and state governments.

The NFT market has fallen to its lowest level of 2025 after failing to secure a year-end rally, Cointelegraph reported, citing data from CoinGecko. The total market capitalization for NFTs in December stood at $2.5 billion, a 72% decrease from the January peak of $9.2 billion. For the first three weeks of December, weekly NFT sales consistently remained below $70 million. According to CryptoSlam, the number of unique buyers fell from the 180,000s to the 130,000s, while the number of sellers dropped below 100,000. This downturn has impacted major collections, with the floor prices for CryptoPunks and the Bored Ape Yacht Club (BAYC) falling by 12% to 28% over the past 30 days.

An analysis by DeFi analytics platform Sentora, formerly IntoTheBlock, shows that eight of the top 10 companies by digital asset treasury size are based in the United States. The U.S.-based firm Strategy leads the list, holding 671,268 BTC. It is followed by MARA Holdings with 53,250 BTC and Twenty-One Capital (XXI) with 43,514 BTC.

LD Capital founder Jack Yi is currently facing an unrealized loss of $143 million on his holdings of 645,000 ETH, according to on-chain analyst Ai Yi. In a post on X, the analyst explained that Yi's average purchase price is $3,150. Ai Yi anticipates that once a planned $1 billion fund investment is completed, the average purchase price for the ETH holdings will stabilize at around $3,050.

A newly created address withdrew 50,000 ZEC, worth approximately $22.17 million, from Binance earlier today, according to a report from Onchain-Lenz. Meanwhile, ZEC is trading at $446.56, up 9.93%, data from CoinMarketCap shows.

Bybit has announced that it remains over-collateralized, with reserve ratios for 40 cryptocurrencies ranging from 100% to 160% as of Dec. 17. According to an update on its official website, key reserve ratios include 105% for BTC, 101% for ETH, 101% for XRP, 103% for SOL, 102% for USDT, and 112% for USDC.

South Korean crypto exchange Upbit has announced it will temporarily suspend digital asset and Korean won (KRW) deposits and withdrawals for a regular audit of its assets and deposits. The suspension for digital assets will run from 11:00 a.m. UTC on Dec. 31 to 11:00 p.m. UTC the same day. KRW transactions will be restricted from 5:00 p.m. to 11:00 p.m. UTC on Dec. 31.

Russia's two leading stock exchanges, the Moscow Exchange (MOEX) and the Saint Petersburg Exchange (SPB), have completed preparations to launch cryptocurrency trading, according to a report from Wu Blockchain. The exchanges stated they are ready to begin offering crypto trading as soon as a legal framework is established. Under the proposed regulations, both retail and institutional investors would be able to participate. Retail investors would be permitted to trade up to 300,000 rubles (approximately $4,000) annually. Institutional investors are expected to face no specific trading limits, with the exception of privacy coins. This development follows an earlier Bloomberg report that the Russian government was advancing legislation to allow cryptocurrency investments for the general public.

The following are the 24-hour long/short position ratios for BTC perpetual futures on the world's top three cryptocurrency futures exchanges by open interest: Overall: Long 50.19% / Short 49.81% 1. Binance: Long 50.08% / Short 49.92% 2. OKX: Long 50.29% / Short 49.71% 3. Bybit: Long 51.01% / Short 48.99%

Whale Alert reported that 300,000,000 USDC has been transferred from an unknown wallet to Binance. The transaction is valued at about $300 million.

U.S. spot Ethereum (ETH) ETFs recorded net outflows of $52.8 million on Dec. 24, marking the second consecutive day of withdrawals, according to data from Farside Investors. Grayscale's ETHE led the outflows with $33.8 million, while BlackRock's ETHA saw $22.3 million in net outflows. The remaining ETFs reported no net inflows or outflows for the day.

U.S. Bitcoin spot ETFs recorded net outflows of $175.3 million on Dec. 24, marking the fifth consecutive trading day of withdrawals, according to data from Farside Investors. BlackRock's IBIT led the outflows with $91.4 million. Other funds with significant outflows included Grayscale's GBTC ($24.6 million), Fidelity's FBTC ($17.2 million), Bitwise's BITB ($13.3 million), Ark Invest's ARKB ($9.9 million), VanEck's HODL ($8 million), the Grayscale Bitcoin Mini Trust (BTC) ($5.8 million), and Franklin's EZBC ($5.1 million). No ETFs reported net inflows for the day.

Bitcoin experienced a temporary flash crash to $24,111 on Binance's BTC/USD1 trading pair on Wednesday before recovering to $87,880, Wu Blockchain reported. USD1 is a stablecoin issued by World Liberty Financial (WLFI), a firm associated with the family of U.S. President Donald Trump.

Over the past 24 hours, liquidations in the cryptocurrency perpetual futures market were as follows: BTC liquidations totaled $49.83 million, with long positions accounting for 50.98%. ETH liquidations reached $30.32 million, with 74.67% from long positions. PIPPIN saw $10.59 million in liquidations, of which 87.18% were short positions.

Mark Greenberg, head of Kraken's consumer division, told CNBC that tokenization allows anything to become money and is changing the very concept of the term. He argued that the era of money being limited to just fiat or local currencies is over. Greenberg explained that tokenization enables nearly any asset to be stored and transferred instantly between platforms, facilitating immediate settlement for stock trades. He assessed that this will overcome the limitations of a securities infrastructure that has remained largely unchanged for the past 50 years.

Kraken plans to launch a prediction market in 2026, Mark Greenberg, the exchange's head of global consumer, told CNBC. The move follows similar announcements from other exchanges, including Coinbase and Gemini.

Multicoin Capital appears to have purchased $30 million worth of Worldcoin (WLD) from the project's team in an over-the-counter (OTC) transaction, according to a report from AmberCN. The report cites on-chain data showing that an address suspected of belonging to Multicoin Capital, which starts with 0xf000, transferred 30 million USDC to a Worldcoin team address. Seven hours ago, the same address received 60 million WLD, valued at $29.06 million.

Binance founder Changpeng Zhao posted on X, asking followers if they have ever regretted not buying Bitcoin before it reached its all-time high. He noted that those who bought in early did so not when prices were at their peak, but when the market was rife with fear, uncertainty, and doubt (FUD). Zhao concluded his message with a "Merry Christmas" greeting.