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The following are the 24-hour long/short ratios for BTC perpetual futures on the top three global crypto futures exchanges by open interest: Overall: 49.04% long, 50.33% short 1. Binance: 49.67% long, 50.33% short 2. OKX: 49.02% long, 50.98% short 3. Bybit: 49.47% long, 50.53% short

The crypto market is unlikely to experience a broad-based altcoin bull market next year as seen in previous cycles, according to one analyst. In an interview with Cointelegraph, CoinEx analyst Jeff Ko predicted that market liquidity will concentrate on a small number of blue-chip cryptocurrencies with real-world use cases, rather than lifting all assets. Ko added that even amid a global expansion of liquidity, any resulting rally would not be as strong as in the past. He also noted that the correlation between the growth of the global M2 money supply and Bitcoin's price has weakened since the launch of spot ETFs.

Scallop (SCA), a DeFi project built on the Sui blockchain, announced via X that it has introduced a flash loan feature in an upgrade to its decentralized application (dApp) user interface. The new function allows users to borrow assets without collateral, provided the loan is repaid within the same blockchain transaction. According to the announcement, the update (Scallop Tools v1.6.9) also improves overall usability with several new features. These include an integrated Account Overview dashboard to monitor deposits, loans, and earnings; a risk level simulator to preview changes in risk and expected returns before adjusting a position; and a tool to clear expired names from SuiNS, the naming service for Sui-based wallet addresses.

Blockchain infrastructure developer FANC announced that it has successfully achieved its goals for the second half of the year, focusing on expanding its SocialFi ecosystem, advancing its AI technology, and building next-generation security infrastructure. The company stated that it enhanced liquidity and market trust by securing a listing on the South Korean exchange Coinone this year, following its debut on Bithumb. In technology and security, FANC is developing the "Quantum Wallet," which incorporates Post-Quantum Cryptography (PQC) technology from South Korea's Electronics and Telecommunications Research Institute (ETRI). Additionally, it has upgraded the AI-based recommendation algorithm for its fandom platform, CELEBe. FANC also expanded its SocialFi model through an airdrop campaign with Six Network and a partnership with Stiqy. The company added that it will continue its technology advancement strategy centered on AI and quantum technologies and plans to expand its business and ecosystem to accelerate the transition to Web3 in 2026.

Bitcoin has fallen more than 22% in the fourth quarter of this year, marking its largest quarterly decline since 2018, CoinDesk reported, citing data from CoinGlass. According to the data, Bitcoin's return for the fourth quarter stands at -22%, its weakest quarterly performance on record. Alex Kuptsikevich, an analyst at FxPro, commented that the recent rise in BTC is merely a technical rebound and not a genuine recovery. He noted that while attempts to recoup year-to-date losses are ongoing, the optimism from the first half of the year has been replaced by disappointment. Kuptsikevich cautioned investors against over-interpreting short-term upward momentum.

Circle, the issuer of the world's second-largest stablecoin USDC, has filed for trademarks in South Korea, Digital Asset reported. According to the Korean Intellectual Property Office's information search service on Dec. 23, Circle Internet Group submitted applications on Dec. 11 and 12 for the names CIRCLE, USDC, and EURC, as well as its arc logo.

Bullish bets are expanding in the Bitcoin perpetual futures market as traders anticipate a year-end rally, according to an analysis by Cointelegraph citing Glassnode data. Open interest in BTC perpetual futures recently increased from 304,000 BTC to 310,000 BTC. During the same period, the funding rate rose from 0.04% to 0.09%. The analysis suggests this indicates traders are betting on a bullish trend while preparing for year-end volatility.

An address believed to belong to the Ethena team deposited 17,900 AAVE, worth approximately $2.68 million, to Binance and Bybit about seven hours ago, The Data Nerd reported. The funds were part of a larger withdrawal of 26,800 AAVE, valued at around $4.03 million, from the same address.

Binance has announced it will delist 10 cross margin and eight isolated margin trading pairs at 6:00 a.m. UTC on Dec. 30. The affected cross margin pairs are EIGEN/FDUSD, ARB/FDUSD, TRUMP/FDUSD, POL/FDUSD, ATOM/FDUSD, LDO/FDUSD, SHIB/FDUSD, RAY/FDUSD, GALA/FDUSD, and PEPE/FDUSD. The isolated margin pairs to be removed include EIGEN/FDUSD, ARB/FDUSD, POL/FDUSD, ATOM/FDUSD, LDO/FDUSD, SHIB/FDUSD, GALA/FDUSD, and PEPE/FDUSD.

Gold continues to hold an advantage over Bitcoin despite efforts to establish the cryptocurrency as a digital form of gold, according to an analysis by crypto financial services firm Matrixport. The firm noted that as the U.S. dollar's value declines amid anticipated interest rate cuts by the Federal Reserve, the market is seeking hedges to diversify investments. However, investors have turned to the traditional safe haven of gold rather than newer alternatives like crypto. Matrixport stated that despite the digital gold narrative, central banks still view BTC as a highly volatile asset and are reluctant to adopt it. The firm added that a long-term variable is U.S. policy, suggesting that the Trump administration could potentially sell some of the country's gold reserves or diversify into BTC next year.

U.S. spot Ethereum ETFs recorded a net inflow of $84.59 million on Dec. 22, according to data from Trader T. The inflow ends a seven-day streak of net outflows. Grayscale's ETHE led the inflows with $53.7 million, followed by its Mini ETH product with $30.89 million. The other ETFs saw no net inflows or outflows.

U.S. spot Bitcoin ETFs saw a total net outflow of $142.09 million on Dec. 22, marking the third consecutive day of net withdrawals, according to data compiled by Trader T. Outflows were led by Bitwise's BITB ($34.96 million), VanEck's HODL ($33.64 million), Grayscale's GBTC ($28.99 million), the Grayscale Mini BTC ($25.40 million), and Ark Invest's ARKB ($21.36 million). In contrast, BlackRock's IBIT was the sole fund to record a net inflow, attracting $6.1 million.

The International Monetary Fund (IMF) announced in a recent statement that it is working toward an agreement with El Salvador to reduce the financial risks and increase the transparency of the country's Bitcoin adoption. The IMF added that discussions are focused on strengthening transparency and protecting public interests in relation to El Salvador's BTC projects. Negotiations for the sale of the government-owned Chivo wallet project are reportedly progressing, alongside policy consultations to mitigate risks associated with these initiatives. El Salvador has been purchasing one BTC daily since Nov. 18, 2022, and currently holds 7,509 BTC.

The price of spot silver surged to a new record high, briefly touching $69.99 per ounce. It is currently trading at $69.7529, up 1.03% from yesterday's close.

An anonymous whale address starting with 0x72F deposited 16.85 million ENA to Coinbase seven hours ago, likely in a move to sell at a loss, according to on-chain analyst ai_9684xtpa. The investor had purchased the tokens in December 2024 at an average price of $1.099 for a total of $18.52 million. At the time of the deposit, the price was $0.2079, resulting in an estimated loss of $15.02 million, an 82% decline on the investment.

South Korean crypto exchange Bithumb announced that it will list Theoriq (THQ) for trading against the South Korean won (KRW) at 8:00 a.m. UTC on Dec. 23.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $84.34 million liquidated (63.13% longs) - ETH: $54.01 million liquidated (61.52% longs) - SOL: $5.8 million liquidated (68.05% longs)

Two addresses presumed to belong to Bitmain (BMNR) recently withdrew 29,463 ETH, valued at $88.2 million, from BitGo and Kraken, according to a report from Onchain Lens. As of Dec. 21, Bitmain was known to hold approximately 4.06 million ETH at an average purchase price of $2,991.

Dunamu, the operator of South Korean crypto exchange Upbit, has renewed its Virtual Asset Service Provider (VASP) license from the country's Financial Intelligence Unit (FIU), Yonhap News reported. The approval comes approximately one year and four months after the company submitted its renewal application in August 2024, when its previous license was set to expire.

Trading volume on South Korea's leading cryptocurrency exchanges is on track to hit a yearly low amid a sluggish market, Bizwatch reported. From Dec. 1 to 22, total trading volume on Upbit and Bithumb fell by approximately 60% compared to the previous month. Upbit's volume for the period totaled $25.91 billion, a 60.6% decrease from $65.86 billion in November. Bithumb's volume dropped 60.4% to $12.45 billion from $31.49 billion over the same period.

Kakao plans to develop a "super wallet" through its Kakao Pay service as part of a broader strategy to expand its stablecoin ecosystem both domestically and internationally, Financial News reported. At a symposium on transforming South Korean finance with a won-denominated stablecoin, Shin Won-keun, CEO of Kakao Pay and co-head of the Kakao Group Stablecoin Task Force, said the company will create initial use cases and a value chain for the stablecoin once the necessary legal and institutional frameworks are in place.

A solo miner successfully mined Bitcoin block 928,985 on Dec. 22, earning a reward of 3.128 BTC worth approximately $281,000, Cointelegraph reported.

Matador Technologies, a company listed on Canada's Toronto Venture Exchange, has announced its approval of a plan to raise 80 million Canadian dollars ($58.2 million) through a new share issuance. The proceeds will be allocated to additional Bitcoin purchases and general operating expenses. Matador currently holds 175 BTC and plans to increase its holdings to 1,000 BTC by the end of 2026.

Binance founder Changpeng Zhao announced on X that the U.S. prediction market platform Kalshi now supports BNB deposits and withdrawals.

An anonymous Pump.fun (PUMP) whale has deposited 3.8 billion PUMP, valued at $7.57 million, to FalconX after holding the tokens for the past three months, according to Onchain Lens. The address, which starts with 3QB9kH, initially withdrew the tokens from Binance three months ago following an investment of $19.53 million, resulting in an estimated loss of $12.22 million on the position.