[Suspected Ethena team-associated wallet transfers 17,900 AAVE to exchanges] Monitoring by The Data Nerd shows that 7 hours ago, a wallet suspected to belong to the Ethena team withdrew 26,800 AAVE (approximately $4.03 million), of which 17,900 AAVE (approximately $2.68 million) was deposited into Binance and Bybit exchanges respectively.
[Bank of Korea: Institutionalization of Virtual Assets May Expand Connection with Financial Markets] In the Financial Stability Report for the second half of the year released on December 23, the Bank of Korea stated that the global push for the institutionalization of virtual assets is strengthening the connection between virtual assets and traditional financial markets. The report analyzed that factors such as the increased participation of corporations and institutional investors, as well as the introduction of spot ETFs, have significantly heightened the synchronization between virtual asset price fluctuations and the stock market. The spillover effect index indicates that shocks in the virtual asset market could impact traditional financial markets, particularly during periods of macroeconomic shocks or shifts in monetary policy. The Bank of Korea believes that, due to the domestic prohibition on corporate participation in the market and restrictions on the issuance of financial products, the current spillover effect in South Korea is relatively low. However, future institutionalization may expand the connection between virtual assets and financial markets, necessitating the establishment of a risk management system.
[Japanese Prime Minister Sanae Takaichi: Rate Hike Aims to Achieve 2% Inflation Target] Japanese Prime Minister Sanae Takaichi stated that the Bank of Japan's rate hike is aimed at achieving a stable and sustainable 2% inflation target.
[Bitdeer Technologies Increases Holdings by 2.6 Bitcoins, Total Holdings Reach 1,996.7 Bitcoins] The Nasdaq-listed Bitcoin mining company Bitdeer Technologies (stock ticker: BTDR) has increased its holdings by 2.6 Bitcoins, bringing its total Bitcoin holdings to 1,996.7 Bitcoins.
[QCP: Crypto Market Liquidity Weakens During Christmas Week, Maintains Range-Bound Movement] On December 23, QCP released a market observation stating that as the Christmas holiday approaches, crypto market liquidity has significantly declined. Gold prices have reached an all-time high, but Bitcoin remains range-bound. Data shows that open interest in BTC perpetual contracts on major exchanges has decreased by approximately $3 billion, while open interest in ETH perpetual contracts has dropped by around $2 billion, indicating active market deleveraging. During Christmas week, Bitcoin typically fluctuates by 5%-7%, which is related to the concentration of year-end options expirations. This Friday, approximately 300,000 BTC options contracts (worth around $23.7 billion) and 446,000 IBIT options contracts will expire. Among them, over 50% of Deribit’s open interest is set to expire on Boxing Day, with the maximum pain point near $95,000. Recent data shows a decline in open interest for $85,000 BTC put options, while positions for $100,000 BTC call options remain stable, indicating limited market optimism for a Christmas rally. Risk reversal indicators suggest sentiment has softened compared to the past 30 days but remains overall bearish. Analysts believe that year-end tax-loss harvesting may amplify short-term volatility, and the crypto market may continue to oscillate in the short term, with holiday trading potentially reverting to the mean after liquidity returns in January.
Trading volume surged to 721 million tokens, indicating active repositioning rather than thin price movement. What to know : Dogecoin fell 1.8% as sellers regained control, with price drifting toward the lower end of its recent range. Trading volume surged to 721 million tokens, indicating active repositioning rather than thin price movement. DOGE lost support near $0.1320, confirming a bearish short-term bias as it failed to sustain gains above $0.135.