A Bitwise researcher predicts that by 2026, the number of cryptocurrency ETPs will increase rapidly, with over 100 ETPs potentially being introduced in a very short timeframe.

Machi Big Brother has added $1.2 million to its position on Hyperliquid and initiated a new long position with 25x leverage, totaling approximately $12.08 million at 4,100 ETH. The liquidation price is set at $2,698.71.

Machi Big Brother added $1.2 million to Hyperliquid and opened a new long position of 4,100 ETH with 25x leverage, totaling approximately $12.08 million. The liquidation price is set at $2,698.71.

RedotPay, a provider of stablecoin payment solutions, has raised $107 million in Series B funding, bringing its total funding to $194 million.

Tether allocates $8 million to Lightning, a startup specializing in stablecoin technology. cointelegraph

Whale Transactions:

1. Bitmine has acquired an additional 48,049 ETH, valued at approximately $140.58 million. Link
2. Pension-usdt.eth closed a long position in Bitcoin, realizing a profit of $1.04 million. The trader then opened a 2x leveraged short position in 25,000 ETH, worth $73.98 million. Since December 8, the trader has recorded 12 consecutive profitable transactions, earning over $25.2 million on HyperLiquid.

Spot Bitcoin ETFs saw an estimated net outflow of $277.2 million yesterday, while spot Ethereum ETFs experienced a net outflow of approximately $224.2 million.

Spot Bitcoin ETFs saw net withdrawals of roughly $277.2 million yesterday, while spot Ether ETFs experienced outflows totaling approximately $224.2 million.

Bhutan to allocate 10,000 BTC from reserves for development of Gelephu Mindfulness City. cointelegraph

Coinbase CEO Brian Armstrong called the traditional financial system "flawed."

Coinbase CEO Brian Armstrong criticizes traditional finance, labeling the conventional financial system as "flawed."

ASTER: The tokens unlocked as part of this month's community and ecosystem release have been successfully transferred to address 0x0A55c740703A11f42803fB1a05ca1F7F89981EA4, consistent with the tokenomics schedule.

Two wallets associated with Matrixport, according to a recent report, currently hold 4,000 BTC valued at approximately $347.56 million on Binance.

Bitcoin’s Fear and Greed Index drops to 16, signaling extreme fear among investors.

Bitcoin Fear and Greed Index Remains at 16, Signaling Extreme Fear

Hyper Foundation proposes validators vote to designate HYPE tokens held in Hyperliquid Protocol Relief Fund as permanently inaccessible, effectively removing these tokens from circulation and excluding them from the broader asset pool. more details can be found on Cointelegraph.

Market sentiment has significantly cooled, and the short-term bullish excitement has nearly vanished. Historically, these levels often align with the end of panic selling and the start of a potential reversal. The flow of new capital is starting to diminish. As we near the year's end, both participant activity and available capital typically decline, which further tightens market liquidity. Additionally, blockchain activity is weakening. The number of active Bitcoin wallets has dropped to its lowest point in over a year, suggesting that even with price changes, fewer people are engaging in transactions. Short-term speculation has decreased, leaving behind more discerning participants who have long-term perspectives or clearer strategies. In such an environment, price fluctuations tend to become more volatile due to the lack of liquidity.

Market sentiment has cooled considerably, with short-term bullish momentum nearly exhausted. Historically, these levels often mark the end of panic selling and may foreshadow a reversal. Capital inflows are waning as year-end approaches, with participant activity and available liquidity contracting. Blockchain activity metrics indicate a slowdown; active Bitcoin wallets have diminished to their lowest in over a year, implying reduced transactional engagement despite price movements. Short-term speculative trading has declined, leaving more experienced participants with longer-term outlooks. Consequently, market volatility is likely to increase due to diminished liquidity.

Tom Lee, Chairman of BitMine, indicates that Bitcoin and Ethereum may have bottomed out, citing the decline of traditional four-year cycles. He emphasizes ETH’s role as a vital component of financial infrastructure and forecasts that companies holding digital assets will play a growing role in bridging traditional finance and cryptocurrencies.

The top 15 DeFi protocols ranked by open interest.

The top 15 decentralized finance protocols by open interest.