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Multiple on-chain and macroeconomic indicators are pointing to a bearish outlook for Bitcoin, according to an analysis by Cointelegraph. The outlet noted that the BTC monthly futures premium is currently below the neutral 5% level compared to the spot market, while a 13% premium on BTC put options on Deribit indicates a higher cost for hedging against price declines—a common feature of a bear market. The analysis also cited other contributing factors, including a lack of inflows into spot Bitcoin ETFs, an exodus of Chinese traders, the declining probability of a U.S. Federal Reserve interest rate cut, and a slump in the U.S. real estate market.

Strategy co-founder Michael Saylor has urged countries to create high-yield bank accounts backed by BTC, Cointelegraph reports. Speaking at the Bitcoin MENA event in Abu Dhabi, Saylor argued that investors are turning away from traditional bank deposits because of low returns, contrasting the near-zero yields in Japan, Europe, and Switzerland with the 1.5% and 4% rates on euro and U.S. money market funds, respectively. He proposed that banks could offer accounts that primarily invest in digital credit products to provide investors with higher yields than standard deposits, while holding BTC as collateral to ensure the accounts' safety. Saylor emphasized that nations offering such accounts could attract between $20 trillion and $50 trillion in new capital.

Tether has participated in an investment round for Italian humanoid developer Generative Bionics, The Block reported. While the specific investment amount was not disclosed, other participants in the round included AMD Ventures and Italy's national artificial intelligence fund.

The U.S. Commodity Futures Trading Commission (CFTC) has launched a digital asset pilot program to explore the use of tokenized collateral in derivatives markets. According to accompanying guidelines, only BTC, ETH, and USDC will be permitted as collateral during the initial three-month period. The initiative is part of the agency's "Crypto Sprint," which aims to intensively review cryptocurrency issues over a limited time to establish a viable regulatory framework. The program's objective is to implement recommendations from a White House policy report on digital assets.

According to CoinNess market monitoring, BTC has risen above $91,000. BTC is trading at $91,007.04 on the Binance USDT market.

The three major U.S. stock indices closed lower. The S&P 500 fell 0.35%, the Nasdaq Composite declined 0.14%, and the Dow Jones Industrial Average dropped 0.45%.

Whale Alert reported that 202,886,878 USDT has been transferred from an unknown wallet to OKX. The transaction is valued at about $203 million.

Prediction market platform Polymarket now supports MON and USDC deposits via the Monad Network, Crypto Briefing reported.

Jonathan Gould, the U.S. Comptroller of the Currency, has criticized the traditional banking industry for obstructing cryptocurrency firms from obtaining trust bank charters, CoinDesk reported. He stated that there is no reason to treat digital assets differently from traditional ones and that banks should not be confined to outdated technologies or business models. Over the past year, the number of new charter applications rose to 14, with many related to digital assets and other financial technology services, Gould noted. He added that his office is also investigating de-banking measures, where banks restrict access to services for crypto-related companies.

Coinbase announced the addition of THQ to its listing roadmap.

The UK's Financial Conduct Authority (FCA) has requested policy feedback from the crypto industry to help promote a culture of investment, Cointelegraph reported. Specifically, the regulator is seeking input on expanding consumer access to investments, client categorization, and conflicts of interest.

A Ripple executive has stated that XRP needs to adopt a Solana-style strategy to remain competitive, Cointelegraph reported. Luke Judges, Ripple's Global Partner Success Lead, argued that technological strength alone cannot guarantee long-term competitiveness, adding that XRP should learn from Solana's pragmatism and speed of execution.

Ondo Finance has joined the Blockchain Association to contribute to the development of U.S. digital asset policy, Crypto Briefing reported. The move follows the U.S. Securities and Exchange Commission's (SEC) previous decision to close its investigation into Ondo Finance without filing any charges.

The number of active Bitcoin addresses has decreased since the launch of spot Bitcoin ETFs in early 2024, a trend that suggests a rise in participation from institutional investors over retail investors, Crypto Briefing reported.

MetaMask wallet is issuing free Solana IDs until Dec. 22 through a partnership with Solana Identity, Crypto Briefing reported. Users who create a Solana ID via MetaMask can access benefits such as swaps, staking boosts, discounts, raffles, and partner rewards.

Coinbase has announced the listing of PLUME and JUPITER.

CEOs of major U.S. banks are scheduled to meet with senators to discuss the crypto market structure bill (CLARITY Act), Watcher.Guru reported. The bill aims to establish a regulatory framework for the cryptocurrency industry by delineating the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). A key provision of the act would also exempt cryptocurrencies that meet certain conditions from the registration requirements of the Securities Act of 1933.

The U.S. Bureau of Labor Statistics (BLS) announced that it will not release the October Producer Price Index (PPI).

Crypto.com announced it has entered into a strategic partnership with 21Shares US to launch a CRO investment product.

Yearn.finance has announced plans to distribute 857.49 pxETH to yETH depositors following the recovery of funds from an exploit last week. In a post-mortem report on the yETH attack, the project stated that the recovered amount represents approximately one-fourth of the total damages. The initial exploit involved an attacker minting a near-infinite number of LP tokens from a stableswap pool, draining assets worth around $9 million.

Pye Finance has raised $5 million in a seed funding round, CoinDesk reported. The round was co-led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent, and Gemini. The company is developing a marketplace for trading time-locked staking positions, aiming to make locked staking assets transferable and easier to structure as fixed-term products.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

According to CoinNess market monitoring, BTC has fallen below $90,000. BTC is trading at $89,945.83 on the Binance USDT market.

The 90-day simple moving average of Ethereum's total daily fees has dropped below 300 ETH since early November, reaching its lowest level since July 2017, according to Glassnode.