Paradigm co-founder Matt Huang shared research on X suggesting prediction market Polymarket may be double-counting its reported trading volume due to a data aggregation error. If correct, the flaw could flow through to most analytics sites and public datasets that depend on Polymarket’s figures. Critics pointed out that Paradigm backs a rival prediction platform and …
NFT sales fell to $320 million in November — their lowest this year — with early December off to a weak start as top collections slide across the board.
HashKey Holdings, operator of Hong Kong’s largest crypto exchange, has filed for an IPO in the city. The listing is the first public offering by a dedicated crypto exchange in Hong Kong. HashKey plans to sell about 240.57 million shares, with a price range of HK$5.95 to HK$6.95, aiming to raise up to HK$1.67 billion. …
Shiba Inu (SHIB), often called the “Dogecoin Killer,” saw one of its biggest whale activities in months today. In just 24 hours, whales made 406 large transactions, over 1.06 trillion SHIB moved onto exchanges, and the burn rate jumped sharply. This sudden spike in the Shiba ecosystem has left traders wondering if something bigger is …
After weeks of speculation, BlackRock, the world’s largest asset manager, has officially filed for a staked Ethereum (ETH) Exchange-Traded Fund (ETF) with the US Securities and Exchange Commission (SEC). Amid the bullish news, the King of Altcoins’ price is attempting to break out of a two-month resistance, which could set the stage for a retest of higher levels. Related Reading: XRP ETFs Record 13-Day Streak As SOL Funds See Largest Outflows Since Launch BlackRock Files For Staked Ethereum ETF BlackRock has submitted an S-1 form with the US SEC to get approval for its iShares Ethereum Staking Trust (ETHB), which “seeks to reflect generally the performance of the price of ether and rewards from staking a portion of the Trust’s ether, to the extent the Sponsor in its sole discretion determines that the Trust may do so without incurring undue legal or regulatory risk.” Filed on December 5, BlackRock’s registration statement explains that, if approved, the proposed fund aims to stake 70% to 90% of its Ethereum holdings, distributing staking rewards to stakeholders at least quarterly. Coinbase Custody Trust will serve as the custodian for the Trust’s ETH holdings, the filing noted, while Anchorage Digital Bank will be an available alternative custodian for the Trust’s ether holdings. Meanwhile, the Bank of New York Mellon will serve as the custodian for the Trust’s cash holdings and the administrator of the Trust. Notably, BlackRock’s ETHB will operate separately from its spot ETH fund, the iShares Ethereum Trust ETF (ETHA), which is the largest in its category with $11 billion in assets under management (AUM). It’s worth noting that the crypto community began speculating about BlackRock’s upcoming staked ETH fund after the leading asset manager registered the name in Delaware last month. In a November report, 10x Research argued that the potential introduction of a staked Ethereum ETF by BlackRock would bring “increased scrutiny” to “the economics of DATs” as retail investors would reallocate to a low-cost source of yield. The report added that many investors are unaware that Digital Asset Treasury (DATs)’s embedded costs “far exceed” the management fee charged by asset managers like BlackRock on its Bitcoin (BTC) and ETH ETFs. ETH Nears Key Downtrend Line Ethereum’s price started the week attempting to reclaim a crucial area after managing to hold the $3,000 level as support despite the volatility during the weekend. The cryptocurrency surged nearly 3% in the daily timeframe, hitting $3,180 before retracing on Monday. Amid this performance, analyst Ali Martinez suggested that “it’s time to pay attention to ETH,” noting that it nears a key level that could push the price to higher zones. Per the chart, Ethereum briefly broke out of its two-month downtrend line, which has served as resistance since early October. Over this period, the King of Altcoins has attempted to break out of this level twice, but has ultimately been rejected during each attempt. On Monday morning, ETH briefly broke above the trendline before being rejected a third time. However, if Ethereum reclaims the $3,120-$3,130 levels and turns the downtrend into support, it could build the base for a retest of the $3,200-$3,300 horizontal levels, which marks the lower boundary of its Q3 and early Q4 price range. Related Reading: Bitcoin Price Slides Below $90,000 – Is A Retest Of The November Lows Near? Meanwhile, Rekt Capital asserted that Ethereum Dominance (ETHDOM) continues to move within its macro consolidation range, holding support at the 11.67% level. He previously affirmed that if “ETHDOM can maintain itself above 10.05% then it should be positioned for higher market dominance levels over time.” The analyst added that although history suggests a potential 2.5% drop to the consolidation range lows, this dip would occur “in the context of a macro move to 18%-20%” in the future. As of this writing, Ethereum is trading at $3,114, a 13.7% increase on the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin retail investors have been sending fewer BTC to Binance per day than at any time in history, despite the new highs of the 2025 bull market.
Hong Kong-based crypto exchange HashKey is set to go public under the city’s updated digital-asset rules. The exchange will sell shares in an IPO expected to raise $215 million, with trading scheduled to begin on December 17. HashKey will become the first fully crypto-native exchange listed in Hong Kong, testing investor demand for regulated crypto …
Solana’s active validator count has dropped from more than 2,500 in March 2023 to about 800 now, a fall of roughly 68%. Some in the community say this is mostly the network shedding Sybil or low-quality nodes. Others, including key infrastructure teams, warn that many recent departures are real operators leaving because rewards no longer …
As Bitcoin (BTC) experienced significant volatility throughout the year, reaching new all-time highs (ATHs) before enduring sharp corrections of up to 30%, the cryptocurrency community has become increasingly polarized regarding its future direction. Many analysts are raising concerns about a potential bear market emerging in 2026; however, market expert Shanaka Anslem has offered a different perspective on social media platform X (formerly Twitter), questioning whether 2025 has already represented the real bear market. A Sign Of Cycle Change In his analysis, Anslem highlights key evidence. For the first time in history, Bitcoin breached its all-time high prior to the Halving event in April of this year, which he argues isn’t a bullish signal but rather an indication of the cycle inverting. According to him, 2024 should not be viewed as the beginning of a new bull run; instead, it was a period of what he calls “political repricing” as the market factored in a pro-crypto administration with President Donald Trump’s reelection. Related Reading: Here’s How High The Dogecoin Price Will Go Once The MACD Bullish Cross Happens The characteristics of a bear market have been evident in 2025, according to Anslem. Bitcoin’s dominance has reached multi-year highs while altcoins continue to struggle, leading to quarter-after-quarter declines in their values. Additionally, a massive $3.5 billion in exchange-traded fund (ETF) outflows occurred within just one month. This year saw a significant 29% drawdown from its October highs, paired with extreme fear readings on various sentiment indices. Anslem insists that while the four-year Halving cycle remains relevant, its impact has evolved. With $120 billion in ETF interconnected with the Federal Reserve’s (Fed) liquidity, the Halving continues to dictate BTC’s supply, but demand now aligns with broader economic narratives rather than the more crypto-specific factors. Major Bitcoin Rally Ahead? What does Anslem’s “cycle inversion” theory implies for 2026? If the bear market has already transpired, masked by nominal highs, the next logical phase might be a genuine blow-off top. His predictions suggest Bitcoin’s price could soar to between $150,000 and $200,000, particularly as global liquidity continues to expand and directs capital toward hard assets. Anslem believes that many in the market are currently positioned for a downturn that has already occurred. However, dissenting opinions exist. Analyst Mr. Wall Street argues that the bottom for Bitcoin has not yet arrived and won’t be realized in the coming weeks or months. Related Reading: Here’s When The Altcoin Season Happens Following The Bitcoin Cycle He highlights that the critical support level has been breached, indicated by the weekly exponential moving-average (EMA50) closing below the threshold. He asserts that the market has entered the early stages of a substantial bear market, predicting that it will only abate once Bitcoin reaches the $54,000 to $60,000 range, which he expects might occur in the fourth quarter of 2026. Despite this bearish outlook, he remains cautiously optimistic about Bitcoin in the short term. He expects a potential upward movement to retest the EMA50 Weekly, which currently stands at approximately $100,000, while maintaining that mid-term targets are much lower. At the time of writing, BTC was trading at $90,352, which represents a 28% difference between current valuations and ATH levels. Featured image from DALL-E, chart from TradingView.com
The U.S. Commodity Futures Trading Commission (CFTC) has taken a major step toward bringing crypto into regulated U.S. markets. Acting Chair Caroline Pham has launched a pilot program that allows Bitcoin, Ethereum, and USDC to be used as collateral in U.S. derivatives trading. Alongside this, the CFTC released new guidance on tokenized collateral and removed …
Terra Luna, a decentralized payments network, is once again in the spotlight after the token jumped 29% over the last 24 hours and nearly 100% this week. But what’s really driving this surprising comeback? Let’s break down the key reasons behind LUNA’s latest surge. Terra Chain v2.18 Upgrade One of the main reasons behind the …
Circle has received a Financial Services Permission license from Abu Dhabi’s Financial Services Regulatory Authority, allowing it to operate as a Money Services Provider under the Abu Dhabi Global Market framework. This approval lets Circle offer regulated payment and digital asset services in the region, boosting its credibility with institutional and retail clients. The license …
Bitcoin’s on-chain activity has shown a sharp slowdown since spot Bitcoin exchange-traded funds (ETFs) launched. While institutional inflows into these products have accelerated, the number of active BTC addresses has declined. As Wall Street embraces BTC exposure, the network’s grassroots participation appears to be undergoing a significant transformation. In an X post, the CEO of SwanDesk, financial analyst Jacob King, pointed out that Bitcoin active addresses have been in a steady decline since the US spot BTC ETFs launched in January 2024, and the irony is obvious. Why Retail Participation Shows Signs Of Fatigue For years, BTC maximalists have pushed for Wall Street adoption, believing institutional involvement would unlock the next wave of mass usage. Instead, on-chain participation has dropped sharply as retail lost interest. Related Reading: US Fed Has Ended Quantitative Tightening, But Why Is The Bitcoin Price Still Below $100,000? King noted that these Bitcoiners have piled into the ETF for a quick, early FOMO bump, and then bailed, leaving behind a market where the asset is increasingly traded by proxy. According to King, ETF investing kills BTC’s core principles. While investors no longer hold or control their own assets as banks do, which is the very system BTC was designed to challenge, greed always beats ideology. Market watcher Crypto Seth has revealed that the net inflows into BlackRock and Fidelity’s spot BTC ETFs have been relatively subdued since October 10, when the largest liquidation events happened. Seth believes that this might turn into a momentum reversal soon, as the US stock market is at 1% below new highs despite retail sentiment remaining stuck in extreme fear. Seth also pointed out that the macro backdrop is shifting in BTC’s favor. This is because the Federal Reserve ended its Quantitative Tightening (QT) program on December 1, 2025, wrapping up a multi-year effort that shaved nearly $3 trillion from the balance sheet since 2022. Since the US Fed rate is still at 4.00%, more interest rate cuts are on the horizon, which is higher than both Europe and China. The BlackRock iShares BTC Trust (IBIT), which was launched in January 2024, is currently the firm’s most profitable exchange-traded fund (ETF) based on annual fee revenue, despite being less than two years old. Unlocking Bitcoin Without Compromising Its Core Principles Bitcoin is seeing key initiatives that improve its ecosystem. Every market cycle that has promise to unlock Bitcoin for decentralized finance (DeFi), RioSwap is one of the few products built on infrastructure that was capable of unlocking it in a truly decentralized way. Related Reading: Bitcoin Aims Higher as Bulls Regain Strength and Push for Resistance Break According to Mintlayer, this was powered by Mintlayer’s native HTLC architecture, as RioSwap introduces a Decentralized Exchange (DEX) that allows BTC to move directly into decentralized markets without wrapping, unbridging, and is fully in the user’s control. With the RioSwap testnet now live, Mintlayer sees this as the start of a new liquidity phase for BTC where the asset will become an active participant in the decentralized market on its own terms. Featured image from Pixabay, chart from Tradingview.com
Wide crypto-tracking funds will become more popular as investors will seek exposure as the market becomes more complex, says Bitwise’s Matt Hougan.
December 9, 2025 05:58:36 UTC Terra LUNA Surges as Volume Spikes, Speculation Drives Rally Terra (LUNA) is seeing a sharp price rise as renewed market optimism and heavy trading push the token higher. Traders are betting on upcoming network upgrades, which has lifted short-term confidence. LUNA also broke important price levels, attracting momentum buyers and …
The approval positions Circle to offer regulated payment services in Abu Dhabi as the UAE accelerates its oversight of crypto.
ZEC zoomed 12% amid the fee discussion, beating gains across all major tokens.
The license allows Circle to expand USDC payment and settlement tools across the United Arab Emirates.
Some of the Bitcoin outflows from exchanges are going to individual users’ storage wallets, but ETFs and institutions are accumulating coins too.
Dogecoin started a recovery wave above the $0.140 zone against the US Dollar. DOGE is now facing hurdles near $0.1450 and might struggle to continue higher. DOGE price started a decent upward move above $0.140 and $0.1410. The price is trading above the $0.140 level and the 100-hourly simple moving average. There is a bullish trend line forming with support at $0.1405 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.140 and $0.1380. Dogecoin Price Faces Resistance Dogecoin price started a recovery wave from the $0.1350 zone, like Bitcoin and Ethereum. DOGE climbed above the $0.1380 and $0.140 resistance levels. There was a decent upward move above the 23.6% Fib retracement level of the downward move from the $0.1532 swing high to the $0.1351 low. However, the bears seem to be active near the $0.1440 and $0.1450 levels. Dogecoin price is now trading above the $0.1410 level and the 100-hourly simple moving average. There is also a bullish trend line forming with support at $0.1405 on the hourly chart of the DOGE/USD pair. If there is a recovery wave, immediate resistance on the upside is near the $0.1450 level and the 50% Fib retracement level of the downward move from the $0.1532 swing high to the $0.1351 low. The first major resistance for the bulls could be near the $0.1490 level. The next major resistance is near the $0.1530 level. A close above the $0.1530 resistance might send the price toward the $0.1620 resistance. Any more gains might send the price toward the $0.170 level. The next major stop for the bulls might be $0.1720. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.1450 level, it could continue to move down. Initial support on the downside is near the $0.140 level and the trend line. The next major support is near the $0.1380 level. The main support sits at $0.1350. If there is a downside break below the $0.1350 support, the price could decline further. In the stated case, the price might slide toward the $0.1265 level or even $0.1250 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1400 and $0.1350. Major Resistance Levels – $0.1450 and $0.1530.
HashKey plans to use a large portion of the proceeds for tech and infrastructure upgrades, market expansion and ecosystem partnerships.
On-chain data shows the XRP whales have distributed a significant amount during the past week, a sign of negative sentiment among large holders. XRP Whales Have Shed 510 Million Tokens From Their Holdings As announced by analyst Ali Martinez in a new post on X, XRP whales have participated in a notable amount of selling recently. A “whale” is typically defined as an XRP investor holding between 1 million and 10 million tokens. At the current exchange rate of the cryptocurrency, this range converts to $2 million at the lower end and $20 million at the upper one. Related Reading: This 11.7 Billion Dogecoin Wall Could Be Key Resistance For DOGE, Analyst Says Given the size of the range, the only investors who would qualify for the cohort would be the big-money hands. These holders can carry some influence in the market, making the group a key one for the network. Now, here is the chart from on-chain analytics firm Santiment shared by Martinez that shows how the supply of the XRP whales has changed over the last few months: As displayed in the above graph, the XRP whale supply has been following a downtrend since mid-November, indicating that the large holders have been distributing. The trend has continued during the past week, with entities belonging to the group collectively selling 510 million coins, worth more than $2 billion at the latest price. At the same time as the selloff over the last few weeks, XRP has witnessed some net bearish price action, implying that the whales may have had a role to play in it. Given that these humongous entities haven’t shown any signs of slowing down recently, it’s possible that the coin could see a further drop. It only remains to be seen, however, how whale behavior will develop in the coming days. In some other news, XRP could be set up for a 16% move according to a technical analysis (TA) pattern, as Martinez has pointed out in another X post. From the chart, it’s visible that XRP has roughly been traveling inside a Symmetrical Triangle on the 1-hour timeframe since November. A Symmetrical Triangle is a consolidation channel that involves two converging trendlines approaching each other at an equal and opposite slope. The coin is already more than halfway through the channel, meaning that its range is getting narrow. A narrower range means retests of the support and resistance levels become more frequent, making either more probable. Related Reading: Bitcoin Market Structure Echoes 2022 Bear Start, Glassnode Warns Based on the height of the channel, the analyst has noted that a breakout could lead to a 16% move for XRP. It now remains to be seen which direction the asset will exit, and whether the pattern will hold. XRP Price XRP has again found a rebound since its retest of the $2.00 level, as its price is now back at $2.09. Featured image from Dall-E, charts from TradingView.com
The broader market held its recent rebound, though liquidity remained thin ahead of Wednesday’s Federal Reserve decision.
HashKey's IPO could bolster Hong Kong's position as a digital asset hub, attracting more crypto firms to pursue public listings in the region.
The post HashKey files to go public in Hong Kong, targeting $215 million raise appeared first on Crypto Briefing.
The funding will support the development of humanoid robots for industrial use, aiming for “industrial scale performance.”
Licensed firms in Abu Dhabi Global Market can now conduct activities involving USDT on chains such as Aptos, Celo and Cosmos.
Rising active addresses and tightening volatility indicate an impending directional move, with $0.16 as a critical breakout threshold.
These flows represent a bullish bet on volatility rather than a downside hedge or outright bearish position.
A breakout above $2.11 is needed to trigger momentum towards higher resistance levels, while failure to hold $2.00 could lead to a retest of $1.95.
XRP Spot ETFs have crossed $1 Billion in assets under management, making XRP the fastest crypto Spot ETF to reach the milestone in the United States since Ethereum. Canary, Grayscale, Bitwise, and Franklin are driving most of the activity, with steady demand coming from institutional desks. ETF inflows show strong interest from long term buyers …