Bhutan has introduced TER, a new gold-backed token built on the Solana network, aiming to offer secure digital access to real gold. The project marks another major step in Bhutan’s growing digital strategy, driven by trust, transparency, and long-term value. Bhutan Launches TER, Gold-Backed Token According to the announcement issued on December 10, Bhutan’s Gelephu …
Ark Invest CEO Cathie Wood says Bitcoin’s long-running four-year pattern may be losing its grip as big financial players buy and hold more of the supply, a shift that could tame price swings and change how investors plan ahead. Related Reading: Institutions Scoop Up 9,000 Ether, Fueling Bullish Signals Institutional Buying Is Changing Markets According to Wood, large firms and spot ETFs are slowly locking up coins that used to flow in and out of retail hands. The most recent halving, on April 20, 2024, cut the miner reward to 3.125 BTC. On a daily basis, that reduction translated to about a 450 Bitcoin drop in supply each day, a figure some analysts call small compared with the trillions attributed to the market’s value and the billions moving into ETFs. Ark has been active too, buying shares in Coinbase, Circle and its own Ark 21Shares Bitcoin ETF (ARKB), a signal that institutional demand is more than a rumor. Cycle Rules Are Being Questioned Based on reports from banks and crypto firms, the familiar cycle—rises tied to halvings followed by deep crashes of 75–90%—is under debate. Standard Chartered cut its 2025 price forecast from $200,000 to $100,000, arguing ETF inflows weaken the halving’s price punch. Bitwise’s Matt Hougan and CryptoQuant founder Ki Young Ju have said institutional flows have changed or even erased the classic rhythm. Markets hit a peak near $122,000 in July, and some analysts now say future drawdowns may be shallower, in the 25% to 40% range rather than the extreme collapses seen earlier. Market Structure Still Shows Old Patterns Not all evidence points to a finished cycle. Reports published by on-chain analytics firms such as Glassnode show behaviors among long-term holders that look like past up-and-down swings. Demand from late-cycle buyers has softened in ways that mirror prior years, according to that research. It is being argued that halvings remain meaningful interruptions inside a longer trend, not irrelevant events. Macro observers add that broader economic forces—rates, fiat liquidity, and institutional appetite—are increasingly important in the price story. Related Reading: Shiba Inu Declared ‘Dead’—Unless This Game-Changer Arrives, Expert Says Investors should expect longer moves more often, with rallies stretching over more months and volatility generally lower, analysts say. Wood suggested volatility is falling and that markets may already have hit a low a couple of weeks earlier. Featured image from Unsplash, chart from TradingView
Sungmo Park, former APAC lead at Monad Foundation and Polygon Labs, has been named to head a16z's efforts in the region.
State Street Investment Management and Galaxy Asset Management are launching a tokenized private liquidity fund on Solana, with Ondo expected to invest $200 million.
Lee claimed that the ISM Index moving back above 50 is a positive signal and has "historically been associated with super cycle moves in Bitcoin and Ethereum."
Bitcoin was expected to kick off a strong rally following the fresh Fed rate cuts, as the price was seen stabilizing above $92,000. Interestingly, the price dropped hard to $89,400 during early trading hours, sending shockwaves through the markets and confusing seasoned traders. This could show a disconnect between these bullish factors and BTC price, …
Gemini Titan, the Winklevoss twins’ affiliate, secured CFTC Designated Contract Market approval on December 10, 2025, five years after applying in March 2020. U.S. users can soon trade binary yes/no contracts on Gemini’s site, like “Will Bitcoin top $200K?”, with mobile rollout next and crypto futures, options, perpetuals planned. CEO Tyler Winklevoss thanked President Trump …
XRP ETF momentum continues to grow as Cboe approves 21Shares’ spot XRP fund for listing under the ticker TOXR, making it the fifth XRP ETF in the U.S. and pushing total inflows close to the $1 billion mark. Despite the strong demand, XRP’s price remains stuck below the $2.09–$2.10 resistance level with limited movement. Even …
Crypto markets lurched lower after the Federal Reserve delivered exactly what everyone said they wanted: the third straight 25bps cut to close out 2025. Santiment’s latest deep dive makes a simple, slightly uncomfortable point: retail treated it as a green light, whales treated it as exit liquidity. Bitcoin shortly rallied to $94,044, Ether surged to $3,433, XRP hit $2.10 and Solana managed to reach $142, but the momentum was short-lived. The BTC price fell by more than 5% at one point, ETH even fell by more than 8.5%. What Caused The Crypto Market Plunge? On 11 December, the FOMC confirmed another quarter-point reduction, completing what Santiment calls the “trifecta of cuts at the end of 2025.” Lower rates mean cheaper borrowing, more risk-taking, and—on paper—a friendlier backdrop for crypto. The Fed still describes an economy growing at a “moderate” pace with inflation above target, and in both the October and December meetings it cut because “the balance of risks (like slowing job growth) supported easing policy.” Related Reading: Will The Crypto Market Benefit From The Trump Fed Takeover? The key shift is liquidity. On 29 October, the Fed decided to slow the reduction of its securities holdings from 1 December, easing the pace of balance-sheet runoff. By 10 December, it went further, saying bank reserves had fallen “too much” and announcing renewed purchases of short-term Treasury bills to keep reserves “ample.” That is a move from shrinking the balance sheet to quietly adding money back into the system. As Santiment notes, the Fed is still data-dependent but clearly more willing to lean dovish to protect financial conditions. Markets, however, front-ran the story. Prediction platform Polymarket showed an “overwhelming amount of optimism” in the hours before Jerome Powell spoke. At the same time, on-chain data flagged abnormal activity: @DeFiTracer spotted a whale selling roughly 100 million dollars’ worth of Bitcoin within an hour, triggering “a healthy mix of sensationalized panic.” The expected outcome—another cut—arrived, but positioning around it was anything but balanced. Bitcoin’s price reaction looked bullish at first. BTC spiked to about $94,044 after the announcement. Yet Santiment’s social data shows that the positive-versus-negative commentary ratio for Bitcoin had already peaked well before Powell’s remarks. The crowd’s emotional high came in anticipation; when the actual rally hit, traders were “quite modestly reactive” despite the move to 94K. Sentiment was spent. Ethereum was worse. Over the same 24-hour window, ETH surged to around $3,433, and the positive comment ratio “was a LOT more interesting.” Santiment describes “a lot of FOMO after a mini surge immediately after Powell spoke,” with many traders who bought the breakout “eventually [getting] burned when ETH fell back down to 3,170.” It is the textbook “buy the rumor, sell the news” pattern: bullish macro headline, short-term bearish price action, retail buying the spike while larger holders “gladly” offload into the mini-rally. Related Reading: Crypto Market Structure Talks: Senator Lummis Addresses Latest Legislation Plans Structurally, though, the report is not outright bearish. Year-to-date, Santiment notes, Bitcoin is down about 3.6%, versus a 17.6% gain for the S&P 500 and a striking 61.1% for gold. “It’s quite the dramatic difference,” the team writes, arguing that “a regression to the mean for BTC would be justified.” With three cuts now locked in and reserves being topped up via T-bill purchases, the “catch-up” case for crypto versus equities and metals “becomes even stronger.” Historically, crypto “has reacted later than equities or commodities when macro trends shift.” On-chain, so-called smart money appears to be acting as if that delayed reaction is coming. Wallets holding 10–10,000 BTC have added 42,565 Bitcoin since 30 November. What is “still [remaining],” Santiment says, is “a notable dump from retail, which would be indicative of the perfect recipe for a major bull run.” For now, they expect smaller traders to “run on fumes from this positive news of rates getting cut, for at least a couple of days.” The bottom line of the report is deliberately sober. The final FOMC decision of 2025 “reinforces a narrative of gradual easing, improving liquidity, and a cautiously supportive environment for risk assets.” After a rough year, “ending the year with three consecutive rate cuts from the Fed is a strong sign.” If inflation drifts toward target and economic data stays stable, Santiment argues, 2026 could finally give digital assets “the breathing room they’ve been waiting for.” Just do not confuse that with an invitation to chase the first post-Fed spike—because, as this week just reminded everyone, that is still where crypto tourists go to get burned. At press time, the total crypto market cap was at $3.04 trillion. Featured image created with DALL.E, chart from TradingView.com
Gemini said its affiliate Gemini Titan won CFTC approval to operate a Designated Contract Market, allowing the firm to offer regulated prediction markets in the U.S.
a16z crypto has opened its first Asia office in Seoul, appointing Sungmo Park, former APAC Lead at Monad Foundation and Polygon Labs, as Head of APAC go-to-market. Park, fluent in Korean, Japanese, Chinese, and English, will help portfolio founders build partnerships, expand distribution, and grow communities across the region. The move targets South Korea’s status …
The growth of Bitcoin since its launch in early 2009 has shattered all perceptions of what is possible in investing. BTC, which was trading below $0.10 in 2010, has reached prices well below $100,000, creating plenty of millionaires and even some billionaires in the process. This leads to the obvious question: Is Bitcoin about to …
The pullback followed Tuesday's brief spike above $94,500, a move that triggered a minor short squeeze but failed to break the resistance that has capped bitcoin for most of the past three weeks.
December 11, 2025 07:14:17 UTC Bitcoin Price Prediction Bitcoin price is approaching a key breakout level, and the recent volatility appears to be a series of shakeouts. A clear move above $96,000 would give bulls full control of the market. For now, the entire range shows signs of manipulation, with weak buyers pushed out and …
The Senate’s push to finish a crypto market-structure bill is falling apart. Party disagreements, White House resistance, and a rapidly closing timeline have turned what looked like a nearly completed bipartisan deal into a last-minute scramble. This comes even as the House has already passed its own Digital Asset Market Clarity Act and is urging …
Midnight Network’s NIGHT token, the governance asset for Cardano’s privacy-focused sidechain has seen a heavy price drop in recent days. Following the launch of midnight NIGHT token saw a 89% drop, currently trading around $0.050, seeing a 6% drop in the past 24 hours. So, what’s fueling the price to drop below? Airdrop Selling Pressure …
State Street Investment Management and Galaxy Digital are launching the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP) on Solana in early 2026, targeting institutional cash management needs. The private tokenized fund will let Qualified Purchasers move money in and out using PYUSD, PayPal’s regulated stablecoin issued by Paxos, enabling near 24/7 liquidity instead of …
Binance, Hyperliquid, and Bybit were the most affected exchanges, comprising 72% of all forced unwinds.
There are five other Satoshi statues made by Valentina Picozzi located around the world, in Switzerland, El Salvador, Japan, Vietnam and Miami, in the US state of Florida.
The CFTC license will let Gemini offer event contracts in the U.S., joining Kalshi and Polymarket in a booming market.
On-chain data shows the Bitcoin Realized Cap Growth indicator has continued to decline recently, a sign new capital inflows lack momentum. Bitcoin Realized Cap Growth Has Been Heading Down Recently As explained by CryptoQuant community analyst Maartunn in a new post on X, the Bitcoin Realized Cap Growth has been trending lower recently. The “Realized Cap” is an on-chain capitalization model for BTC that calculates its total value by assuming the value of each individual token is equal to the spot price at which it was last transacted on the blockchain. Related Reading: Solana Enters Bear Territory: Realized Loss Now Outweighs Profit This is unlike the usual market cap, which simply calculates the total valuation of the asset by multiplying the number of tokens in circulation with the current spot price, considering the latest value of the cryptocurrency to be the one value for all coins. In short, what the Realized Cap represents is the amount of capital that the Bitcoin investors as a whole used to purchase the asset’s supply. On the other hand, the market cap is the value that the investors are carrying in the present. The Realized Cap itself isn’t the indicator of interest in the current discussion, but rather the Realized Cap Growth, measuring the 365-day changes occurring in the Realized Cap. Changes in the indicator naturally reflect the amount of capital exiting or entering the cryptocurrency. In other words, the Realized Cap Growth contains information about the asset’s netflow. Now, here is the chart shared by Maartunn that shows the trend in the 7-day and 59-day moving averages (MAs) of the Bitcoin Realized Cap Growth over the last few years: As displayed in the above graph, the Bitcoin Realized Cap Growth has witnessed both its 7-day and 59-day MAs reverse down recently, with the former line crossing under the latter. The trend indicates that growth in the Realized Cap has been slowing down during the recent market downturn. “This suggests Bitcoin is lacking momentum from new cost basis inflows,” noted the analyst. With the 7-day MA falling below the 59-day MA, the indicator is now flagging the current market to be in a “bear phase.” The last time this signal maintained for an extended duration was alongside BTC’s decline over the first few months of 2025. It now remains to be seen how long momentum from new capital inflows will stay weak for Bitcoin this time around. Related Reading: Bitcoin In An Opportunity Zone? Hash Ribbons Flash New Buy Signal In some other news, the Bitcoin short-term holders are still under a notable amount of stress, as CryptoQuant author IT Tech has pointed out in an X post. Short-term holders (STHs) are defined as the Bitcoin buyers who got into the market during the past 155 days. Despite the rebound BTC has seen since its November low, STHs are still in a loss of 10%. BTC Price At the time of writing, Bitcoin is floating around $92,400, down 1.5% over the last 24 hours. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Bhutan has launched TER, its sovereign gold-backed digital token on the Solana blockchain through Gelephu Mindfulness City. Each TER represents physical gold held securely, offering stability and blockchain speed for global transfers. DK Bank, Bhutan’s first digital bank, handles distribution and custody in the initial phase. This move boosts Bhutan’s blockchain push, including BTC mining …
Australia’s securities regulator has removed licensing requirements for stablecoin intermediaries and approved omnibus accounts, reducing compliance costs.
Conservatives in the Republican Party are frustrated that a promised ban on central bank digital currencies didn’t make it into a must-pass defense bill that’s now on its way to the Senate.
Dogecoin started a fresh decline below the $0.1450 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1420. DOGE price started a fresh decline below the $0.1450 level. The price is trading below the $0.140 level and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $0.1450 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.1420 and $0.1450. Dogecoin Price Dips Further Dogecoin price started a fresh decline after it closed below $0.150, like Bitcoin and Ethereum. DOGE declined below the $0.1450 and $0.1420 support levels. More importantly, there was a break below a key bullish trend line with support at $0.1450 on the hourly chart of the DOGE/USD pair. The price even traded below $0.140. A low was formed near $0.1372, and the price is now showing bearish signs below the 23.6% Fib retracement level of the downward move from the $0.1531 swing high to the $0.1372 low. Dogecoin price is now trading below the $0.140 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.1410 level. The first major resistance for the bulls could be near the $0.1450 level and the 50% Fib retracement level of the downward move from the $0.1531 swing high to the $0.1372 low. The next major resistance is near the $0.1495 level. A close above the $0.1495 resistance might send the price toward the $0.1530 resistance. Any more gains might send the price toward the $0.1550 level. The next major stop for the bulls might be $0.1620. More Losses 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 $0.1375 level. The next major support is near the $0.1350 level. The main support sits at $0.1330. If there is a downside break below the $0.1320 support, the price could decline further. In the stated case, the price might slide toward the $0.1250 level or even $0.1240 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1350 and $0.1250. Major Resistance Levels – $0.1420 and $0.1450.
Institutional flows surged 54% above the weekly average, indicating strategic selling rather than retail panic.
Strategy, formerly known as MicroStrategy, has expressed strong opposition to a proposal by the Morgan Stanley Capital International (MSCI) to exclude digital asset treasury companies (DATs) from its indexes. Calls For Fair Treatment Of Digital Asset Companies In a recent letter signed by Michael Saylor and the firm’s CEO Phong Le, Strategy highlighted its support for MSCI’s efforts to establish consistent eligibility criteria across its indices. However, the company criticized the proposed threshold for excluding firms with more than 50% digital assets on their balance sheets, calling it “misguided.” The company argued that this measure could have negative implications not only for Strategy’s operations but also for the broader cryptocurrency market. Related Reading: Expert Declares Bitcoin Has Reached Midpoint Of Bear Cycle: What Lies Ahead? Strategy emphasized that, unlike traditional investment funds, it maintains the operational agility to adapt its value-creation strategies in tune with the evolving technology underlying Bitcoin. The firm asserts that this flexibility is a critical asset for investors and distinguishes Strategy and other DATs from traditional digital asset investment vehicles. The firm likened its investment approach in a singular asset class to that of real estate investment trusts (REITs) or oil companies, stating that MSCI categorizes those entities correctly without labeling them as investment funds. Therefore, it argued, DATs should be afforded similar treatment. ‘Discriminatory And Arbitrary’ The letter criticized the proposed 50% digital asset threshold as “discriminatory and arbitrary,” suggesting that it imposes uniquely unfavorable conditions on digital asset companies while allowing other industries—like oil, timber, and real estate—to maintain concentrated asset holdings without similar scrutiny. Strategy raised concerns that enforcing this rule would necessitate MSCI to create new methods for measuring balance sheet concentration, complicating the indexing process unnecessarily due to varying accounting principles across asset classes and jurisdictions. Additionally, Strategy elaborated on how the exclusion of DATs could substantially inhibit innovation within the digital asset industry, which the current administration strongly promotes as part of its economic strategy. The company said that digital assets like Bitcoin have the potential to become foundational elements of global financial systems, but the proposed measures could limit access to these transformative technologies for pension plans and 401(k)s, ultimately redirecting billions away from the sector. Strategy cautioned that a hasty exclusion of DATs could be based on misconceptions about their business models, asserting that it reflects a misunderstanding of the nature of these entities. The firm advocated for a more measured approach similar to MSCI’s past handling of the “Communication Services” sector, which underwent extensive consultation and a thorough review before reorganizing traditional telecom, media, and internet companies. Strategy Urges MSCI To Reconsider If implemented, Strategy warns that MSCI’s proposal could lead to the delisting of numerous companies heavily involved in digital assets. JPMorgan analysts estimate that Strategy alone might face liquidations of up to $2.8 billion as a direct consequence of this exclusion. Such a move is also expected to potentially distort market dynamics by incentivizing Bitcoin miners to sell their assets immediately instead of holding them as part of their business strategy. Related Reading: Ethereum Price Climbs Toward $3,300 For The First Time Since November: What’s Driving The Surge? In light of these concerns, Strategy urged MSCI to withdraw the proposal for excluding companies with over 50% digital asset holdings from its Global Investable Market Indexes. The firm asserted that the proposal is rooted in a flawed understanding of DATs and would impose conditions unaligned with national interests, particularly those advocating for the responsible growth of the digital asset space. As of this writing, the company’s stock, trading under the ticker symbol MSTR, is trading at $185. There has been almost no difference since Tuesday’s trading session amid consolidating crypto prices. Featured image from DALL-E, chart from TradingView.com
A16z Crypto has opened its first Asian office in Seoul, South Korea, led by former Polygon Labs executive SungMo Park, with the venture capital firm noting the region’s dominance in global adoption.
XRP price started a fresh decline below $2.10. The price is now struggling and faces resistance near the $2.050 pivot level. XRP price started a fresh decline below the $2.040 zone. The price is now trading below $2.020 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2.050 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it settles below $2.00. XRP Price Dips Again XRP price attempted a recovery wave above $2.120 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $2.10 and $2.050. There was a move below the $2.00 support level. A low was formed at $1.993, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $2.177 swing high to the $1.993 low. The price is now trading below $2.050 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.0350 level. The first major resistance is near the $2.050 level. There is also a bearish trend line forming with resistance at $2.050 on the hourly chart of the XRP/USD pair. A close above $2.050 could send the price to $2.085 and the 50% Fib retracement level of the downward move from the $2.177 swing high to the $1.993 low. The next hurdle sits at $2.10. A clear move above the $2.10 resistance might send the price toward the $2.150 resistance. Any more gains might send the price toward the $2.1850 resistance. The next major hurdle for the bulls might be near $2.220. More Losses? If XRP fails to clear the $2.050 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.00 level. The next major support is near the $1.9850 level. If there is a downside break and a close below the $1.9850 level, the price might continue to decline toward $1.920. The next major support sits near the $1.880 zone, below which the price could continue lower toward $1.820. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.00 and $1.9850. Major Resistance Levels – $2.050 and $2.10.
A rising ISM index could disrupt traditional crypto cycles, potentially leading to unprecedented growth in Bitcoin and Ethereum markets.
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