Live Feed

Lindsay Fraser, formerly of Uniswap Labs, has been appointed Chief Policy Officer (CPO) of the Blockchain Association, CoinDesk reported.

Thailand has seized $8.6 million worth of Bitcoin miners linked to a Chinese fraud network operating in Myanmar, Decrypt reported.

Jacob King, CEO of crypto media outlet SwanDesk, said that Strategy's recent transfer of its BTC holdings to Fidelity Custody is noteworthy, coming shortly after the company announced it might consider selling Bitcoin if its market cap to net asset value (mNAV) remains below one. King noted that SpaceX also transferred BTC to Coinbase, a move typically interpreted as preparation for a sale rather than a purchase. He added that on-chain data suggests many publicly traded companies with Bitcoin exposure have already sold some of their holdings at prices above $90,000. King warned that institutions appear to be seeking an exit before a full bear market begins, which could leave retail investors holding the assets.

The National Bank of Canada, the country's sixth-largest bank, holds 1.47 million shares of Strategy (MSTR) valued at $273 million, according to BitcoinTreasuries.NET.

White House National Economic Council Director Kevin Hassett stated that he has not discussed the selection of the next Federal Reserve Chair with President Donald Trump, according to Walter Bloomberg. This follows a previous report from Bloomberg that identified Hassett as a leading candidate for the position.

South Korean crypto exchange Upbit announced it will temporarily suspend deposits and withdrawals for Near Protocol (NEAR) starting at 10:00 a.m. UTC on Dec. 8 due to a network upgrade.

A hacker who stole $243 million from creditors of the bankrupt cryptocurrency exchange Gemini appears to have been arrested in Dubai, according to blockchain expert ZachXBT. He noted that the hacker transferred funds from multiple addresses to a single Ethereum address (starting with 0xb37), a pattern he described as very similar to asset seizures by law enforcement agencies. The address currently holds cryptocurrency valued at $18.58 million. ZachXBT added that the hacker's last known location was Dubai, where claims have emerged that local authorities raided the individual's villa and made an arrest. He also mentioned that acquaintances of the hacker have claimed the person recently lost contact.

A bill has been introduced in the U.S. state of Indiana that would permit pension funds to invest indirectly in cryptocurrency through exchange-traded funds (ETFs), according to Yahoo Finance. The legislation, proposed by Republican state Representative Kyle Pierce, would prohibit pension funds from investing directly in cryptocurrencies. The bill also includes provisions that would prevent local governments and agencies from banning the use of cryptocurrency as a means of payment or denying the establishment of mining facilities.

Whale Alert reported that 365,000,000 USDC has been transferred from Deribit to an unknown wallet. The transaction is valued at about $365 million.

An address attributed to BlackRock has deposited 1,384.7 BTC, valued at $120.3 million, and 799 ETH, worth $2.5 million, to a Coinbase Prime address, according to Solid Intel.

Genius Group, an AI-based education company that holds Bitcoin on its balance sheet, announced the purchase of an additional 42 BTC at an average price of $89,700. The company sold 62 BTC on Oct. 11 and also recently generated $1 million in profit through trading. Its current holdings now stand at 180 BTC.

The European Commission has proposed transferring the authority to supervise cryptocurrency firms from individual member states to the European Securities and Markets Authority (ESMA), the European Union's market regulator. According to CoinDesk, the proposal addresses concerns that differing national regulations are causing market fragmentation and undermining the bloc's competitiveness. If the measure is implemented, ESMA could become a direct supervisory authority, similar to the U.S. Securities and Exchange Commission (SEC).

BlackRock's spot Bitcoin ETF, IBIT, has experienced net outflows of over $2.7 billion in the last five weeks, marking the largest withdrawal since its launch, CoinDesk reported. An additional outflow of $113 million on Dec. 4 extended this trend to a sixth consecutive week, setting a new record for the longest period of net outflows since the fund's debut in early 2024. The media outlet noted that the outflows coincide with BTC entering a bearish phase following a record liquidation event in October. The trend has been amplified by fund managers reducing their exposure to IBIT amid growing macroeconomic uncertainty.

Tom Lee, Chairman of Bitmine (BMNR), said on Dec. 4 that Ethereum (ETH) is currently extremely undervalued, describing it as the future of finance and the center of tokenization. Speaking at the Binance Blockchain Week keynote in Dubai, he noted that ETH is the foundation for stablecoins and institutional tokenization. Lee projected that over $1 trillion in assets, including real estate and financial instruments, will move to the blockchain, with ETH positioned to be the gateway for this transition. He also stated that crypto prices have bottomed out, viewing the recent decline as a deleveraging process rather than a fundamental issue. Lee predicted a market rebound similar to the recovery seen in the eight weeks following the collapse of FTX. Furthermore, he suggested Bitcoin's four-year cycle is broken and that it will establish a new all-time high by early 2026, after which it will trade similarly to the S&P 500 index. Lee emphasized that if BTC reaches $250,000 and the ETH/BTC ratio returns to its eight-year average of 0.25, the price of ETH could rise to $62,000.

Europol has uncovered a criminal organization that laundered $800 million in illicit funds, The Block reported. The group allegedly operated fraudulent investment platforms to defraud thousands of victims and then attempted to launder the proceeds through multiple exchanges and blockchains.

Prediction market platform Polymarket is planning to launch an in-house market-making team to trade directly with its customers, CoinDesk reported. The company is reportedly in discussions with traders and sports bettors about the new team and is actively hiring for the unit.

An analysis suggests that Ethereum is exhibiting a price pattern similar to its 2021 bull market, potentially setting the stage for a significant rally. According to Cointelegraph, crypto analyst Mags noted that the ETH/BTC trading pair bottomed out in April at a point identical to the previous bull cycle. The analyst added that the subsequent rebound and retest of support levels have closely followed the historical trend. Mags highlighted that ETH is now near the point that previously preceded a 170% rally over seven weeks. This historical surge involved seven consecutive weekly gains before entering a moderate sell-off phase, a pattern the analyst believes could repeat. A 170% increase from current levels would place the price of ETH at approximately $8,500.

Whale Alert reported that 310,662,076 USDC has been transferred from an unknown wallet to Deribit. The transaction is valued at about $311 million.

Binance announced it will delist four USDT-margined perpetual futures contracts at 9:00 a.m. UTC on Dec. 10. The affected pairs are SKATE/USDT, REI/USDT, FIS/USDT, and VOXEL/USDT.

James, the co-founder and a core developer of MAP Protocol (MAPO), announced via X that the project will initiate a $1 million buyback of its native MAPO token this month. He added that, similar to the previous buyback, the process is expected to be completed before Dec. 14.

The recent decline in Bitcoin's price has pushed holders' realized losses to their highest level since the collapse of FTX in 2022, according to an analysis by Glassnode. The firm noted that these losses are predominantly driven by short-term holders (STH), indicating heightened capitulation pressure among recent buyers. In contrast, losses among long-term holders (LTH) have been relatively limited, suggesting that the current market stress is primarily concentrated on newer investors.

Cryptocurrency services provider Matrixport has withdrawn 5,805 BTC, valued at $470 million, from Binance over the past 24 hours, Onchainlens reported. Withdrawals from exchanges are generally interpreted as an intention to hold the assets.

According to CoinNess market monitoring, BTC has fallen below $91,000. BTC is trading at $90,988.79 on the Binance USDT market.

Hong Kong-based crypto investment firm HashKey Holdings Limited plans to begin taking investor subscriptions for its initial public offering (IPO) as early as next week, Bloomberg reported. The company aims to raise at least $200 million and is targeting a listing before the end of December. However, the offering's size and schedule may change depending on market conditions.

South Korea's National Police Agency has converted its preliminary review of a hacking incident at the Upbit crypto exchange into a formal investigation, the Herald Business reported. The Cyber Terror Investigation Division had been conducting a preliminary probe since last month. A police official stated that they could not disclose whether a suspect has been identified, citing the nature of hacking cases. The official clarified that the transition to a formal investigation occurs when criminal suspicions become objectively concrete and a full probe is deemed necessary, not necessarily upon the identification of a suspect.