According to BlockBeats, the stablecoin market capitalization has exceeded $310 billion, marking a significant milestone with a 70% increase within a year. This growth is not merely another indicator of a cryptocurrency bubble but signifies a fundamental shift in the global use of digital assets. The report highlights several key drivers behind the rapid expansion of stablecoins, including the widespread adoption of global payment applications, institutional demand, and the development of decentralized finance (DeFi). Additionally, various industry analysis models predict that, with broader integration of stablecoins by major financial institutions, the supply could reach $2 trillion by 2028. These forecasts are based on the expectation that stablecoins will evolve from transaction-focused tools to a more general digital cash layer, applicable in areas such as e-commerce, inter-company payments, and embedded finance.

According to Odaily, crypto data analyst CyrilXBT shared on the X platform that Grayscale's Bitcoin (BTC) holdings have been decreasing following the approval of a Bitcoin ETF. This decline is attributed to outflows from the Grayscale Bitcoin Trust (GBTC) as investors are taking profits or reallocating their portfolios, causing BTC prices to fluctuate under supply pressure. In contrast, Grayscale's Ethereum (ETH) holdings have remained more stable in recent weeks, with significantly less selling pressure compared to BTC. This indicates stronger market confidence in holding ETH, possibly driven by expectations of an ETH ETF, staking rewards, and lower urgency to sell. Currently, BTC is in a distribution and rotation phase, while ETH is in a phase of patient waiting and positioning. During the period of BTC's selling pressure, Grayscale is viewing ETH as the next asymmetric investment opportunity.

솔라나 에코 빌더 @joshyote는 2025년 11월, 솔라나 에코 DEX가 처음으로 SOL-USD 현물 거래량에서 코인셰어를 넘어섰다고 X 플랫폼에 게시했습니다. 블록웍스에 따르면, 휴미디파이의 SOL-USD 현물 거래량은 지난 3주 동안 코인셰어와 모든 CEX를 합친 거래량을 넘어섰으며, 스프레드는 중앙화된 거래소보다 더 좁다고 합니다. 휴미디파이는 솔라나 네트워크가 현 단계에서 SOL을 구매하기에 가장 좋은 채널이라고 믿고 있습니다.

Bitcoin exchange-traded funds (ETFs) extended their losing streak into the Christmas holiday period, with U.S. investors emerging as the largest net sellers of Bitcoin amid tax-driven selling and derivatives expiry pressure.Data shows that institutional outflows remain heavy, even as analysts argue the move is seasonal rather than structural, keeping hopes alive for a post-holiday rebound.Bitcoin ETF Outflows Continue on Christmas EveAccording to data from Farside Investors, U.S. spot Bitcoin ETFs recorded $175.3 million in net outflows on Christmas Eve, despite the shortened U.S. trading session.That marked the fifth consecutive losing session, bringing total ETF outflows over the past five trading days to $825.7 million.Since Dec. 15, only one trading day — Dec. 17 — posted positive flows, when ETFs recorded $457.3 million in net inflows. Every other session has closed in the red.U.S. Investors Lead Selling PressureThe sustained ETF selling has coincided with persistent weakness during U.S. trading hours, reinforcing the narrative that American institutions are currently driving the sell-side.This trend is visible in the Coinbase Premium Index, which measures the price difference between BTC/USD on Coinbase and BTC/USDT on Binance. The index has remained negative for most of December, signaling weaker demand from U.S.-based investors.“U.S. is now the biggest seller of Bitcoin. Asia is now the biggest buyer,” said crypto analyst Ted Pillows, pointing to session-by-session return data showing stronger performance during Asian trading hours.Tax Loss Harvesting and Options Expiry BlamedMarket participants largely attribute the ETF drawdown to year-end tax loss harvesting and the impact of a major quarterly options expiry.“Most of the selling is due to tax loss harvesting, which means it’ll be over in a week,” trader Alek wrote on X, adding that Friday’s record options expiry likely dampened institutional risk appetite.He noted that these pressures are temporary, predicting that institutional buyers will return once seasonal distortions fade.Bitcoin and Ether ETF Flows Still WeakThe weakness has not been limited to Bitcoin alone. Spot Ether ETFs have also struggled to attract consistent inflows, with both asset classes showing negative 30-day moving average netflows since early November.Despite this, traders caution against interpreting ETF outflows as a definitive market top.“Price stabilizes first, flows turn neutral, and only then do inflows return,” said trader BitBull, referring to both Bitcoin and Ether ETF behavior.“For now, the data suggests liquidity is inactive, not destroyed.”Institutions Expected to Return After HolidaysWhile near-term sentiment remains cautious, analysts broadly agree that ETF outflows reflect timing and positioning, not a collapse in institutional conviction.With tax considerations largely behind the market and derivatives pressure easing, ETF flows are expected to normalize in early 2026 — potentially setting the stage for renewed institutional demand.As Bitcoin continues to consolidate, investors will be watching closely for ETF netflows to turn positive, a signal many see as a prerequisite for the next sustained price move.

게이트 연구소가 발표한 최신 퀀트 보고서 "BTC와 ETH, 낮은 수준의 진동과 횡보 유지, 고밀도 평균선 돌파 전략으로 구조적 시세 포착"에 따르면 암호화폐 시장은 되돌림 후 약한 진동을 유지하며 자본 참여와 위험 선호도가 낮고, BTC와 ETH가 약하게 반등하며 장/단기 비율과 자본 비율이 반복적으로 전환되고 방향성이 부족한 것으로 나타났습니다. 파생상품 쪽에서는 디레버리징 포지션이 다시 채워지지 않았고, 레버리지 유입이 제한적이며, 롱 청산이 상대적으로 집중됐지만 쏠림 현상을 유발하지는 않았고, 시장 심리는 전반적으로 관망세를 보이고 있습니다. 이 연구는 자금의 반환과 거래량 및 가격 공명 신호가 아직 명확하지 않기 전에 단기 추세는 약한 진동 패턴을 유지할 가능성이 있으며 지역 청산 압력에 여전히주의를 기울일 필요가 있다고 지적했습니다. 전략 측면에서 보면, SMA 추세 돌파 모델은 약한 오실레이터 환경에서 여전히 실용적인 가치가 있으며, DOGE, ADA, SOL과 같은 자산은 SMA가 수렴에서 발산으로 전환된 후 단계적 누적 상승을 보였지만 일방적인 풀업 장에서 확인이 지연되어 상승의 첫 번째 구간을 놓칠 수 있습니다. 반면 중립 차익거래 및 헤지 전략을 핵심으로 하는 게이트 퀀트 펀드는 되돌림 제어 및 수익률 평활화에 중점을 두며 투자 포트폴리오의 강력한 상향식 배분으로 사용하고 추세 기반 전략을 보완하여 전반적인 위험조정 수익률 성과를 높이는 데 더 적합합니다.

암호화폐 데이터 분석가인 시릴XBT는 X 플랫폼의 게시물에서 그레이스케일의 BTC 포지션이 ETF 승인 이후 GBTC 유출로 인해 계속 하락하고 있으며, 투자자들이 이익을 취하거나 포지션을 이동하고 있어 공급 압력으로 인해 BTC 가격 변동성이 커지고 있다고 말했습니다. 반면, 그레이스케일의 이더리움 포지션은 최근 몇 주 동안 BTC보다 훨씬 낮은 매도 압력을 보이며 안정적으로 유지되고 있는데, 이는 이더리움 ETF에 대한 기대감, 약정 이익, 낮은 매도 급박성 등으로 인해 이더리움에 대한 보유 심리가 더 강해졌음을 시사합니다. 현재 BTC는 분배와 순환 단계에 있는 반면, ETH는 인내와 포지셔닝 단계에 있으며, 그레이스케일은 BTC가 매도 압력을 소화하는 동안 ETH를 다음 비대칭 플레이로 바라보고 있습니다.

Crypto mergers and acquisitions reached a record $8.6 billion in 2025, marking the most active year on record for dealmaking in the digital asset industry, according to a report by the Financial Times.The surge in deal value reflects growing confidence among both crypto-native firms and traditional financial institutions, fueled by a more favorable regulatory environment in the United States under President Donald Trump.Deal Count and Value Soar in 2025According to the Financial Times, 267 crypto-related deals were completed in 2025 up to this week — an 18% increase compared to 2024. More notably, total deal value jumped nearly 300% year over year, rising from $2.17 billion in 2024 to $8.6 billion in 2025.Industry participants expect the momentum to carry into 2026 as regulatory clarity improves across major jurisdictions, including the U.S., UK, and European Union.Coinbase–Deribit Deal Leads Record-Breaking YearThe largest transaction of the year was Coinbase’s $2.9 billion acquisition of Deribit, the biggest acquisition ever recorded in the crypto sector.The deal underscores Coinbase’s push to expand into crypto derivatives and institutional trading infrastructure, particularly as options volumes continue to grow globally.Other major transactions in 2025 included:Kraken acquiring futures trading platform NinjaTrader for $1.5 billionRipple purchasing prime brokerage Hidden Road for $1.25 billionThese deals highlight strong demand for regulated trading platforms, derivatives infrastructure, and licensed financial entities.Crypto-Friendly U.S. Policy Boosts Deal ConfidenceAnalysts cited the Trump administration’s crypto-friendly stance as a key catalyst behind the M&A boom. The rollback of regulatory lawsuits and broader deregulation efforts have encouraged traditional financial institutions to enter the crypto space through acquisitions rather than building in-house capabilities.The shift has made crypto firms with licenses, compliance frameworks, and established infrastructure particularly attractive targets.Crypto IPO Activity Also ExplodesIn addition to M&A growth, crypto initial public offerings (IPOs) surged in 2025. The Financial Times reported that $14.6 billion was raised globally across 11 crypto IPOs, compared with just $310 million from four IPOs in 2024.Notable public listings included:Bullish (parent company of CoinDesk), raising $1.1 billionCircle Internet Group, issuer of USDC, raising over $1 billionGemini, raising $425 millionRegulatory Compliance Drives Acquisition StrategyLegal experts say regulatory compliance is becoming a central driver of crypto M&A activity.Diego Ballon Ossio, partner at law firm Clifford Chance, told the Financial Times that firms are actively acquiring companies for their regulatory licenses, particularly those aligned with the EU’s MiCA framework.Similarly, Charles Kerrigan, partner at CMS, said companies are willing to spend heavily to remain compliant under emerging U.S. and UK crypto regulations — often opting for acquisitions over lengthy licensing processes.Deal Boom Continues Despite Market PullbackThe record year for crypto dealmaking comes even as the broader market cooled in the second half of 2025.Bitcoin has fallen more than 30% from its October high above $126,000, recently trading just below $88,000. Despite the price decline, institutional appetite for long-term crypto infrastructure appears undiminished.Outlook: M&A Momentum Likely to Extend Into 2026With clearer regulatory frameworks taking shape and traditional finance increasingly engaging with digital assets, analysts expect crypto mergers, acquisitions, and IPO activity to remain elevated in 2026.The data suggests that institutional commitment to crypto is shifting from speculation toward permanent market integration, even amid short-term price volatility.

Bitcoin’s long-term market fundamentals remain exceptionally strong in 2025, even as prices and investor sentiment weakened toward the end of the year, according to Phong Le, CEO of Strategy.Speaking on the Coin Stories podcast on Tuesday, Le said Bitcoin’s recent price decline does little to change the broader investment thesis.“The fundamentals of the market this year for Bitcoin couldn’t be better,” Le said, adding that he pays little attention to short-term price fluctuations.Bitcoin Price Falls Nearly 30% From Record HighBitcoin reached an all-time high of $125,100 on Oct. 5, but has since dropped nearly 30%, trading around $87,700 at the time of publication, according to CoinMarketCap.The price weakness has coincided with a sharp deterioration in market sentiment. The Crypto Fear & Greed Index has remained in “Extreme Fear” territory since Dec. 12, reflecting persistent caution among retail investors.Despite the pullback, Le emphasized that Bitcoin’s price behavior is often difficult to interpret in the short term.“Bitcoin does what it does,” he said. “When you’re an investor, you think about the long term of the asset class.”Strategy Focuses on Long-Term Metrics Over Price VolatilityLe said Bitcoin investors should take a disciplined, data-driven approach when navigating short-term price movements.“Bitcoiners should be fairly methodical and mathematical about it,” he said.That philosophy underpins Strategy’s treasury strategy, which focuses on metrics such as mNAV — the company’s market value relative to the value of its Bitcoin holdings — rather than daily price swings.Strategy currently holds 671,268 BTC, worth approximately $58.6 billion, making it the largest publicly traded corporate Bitcoin holder. According to Saylor Tracker, the firm’s mNAV recently fell below 1.0, trading near 0.93, as the company’s stock declined alongside Bitcoin.U.S. Government Support Seen as Major Long-Term TailwindLooking beyond market cycles, Le highlighted what he described as unprecedented institutional and government support for Bitcoin in the United States.“The U.S. government is fully supportive of Bitcoin like it’s never been before,” he said.Le noted that both he and Strategy executive chairman Michael Saylor have been meeting with traditional banks in the U.S. and the UAE, where financial institutions are increasingly trying to understand how to integrate Bitcoin into their operations.“If you think about what’s happening with traditional powers of the world — the U.S. government, the U.S. banking system — they are all getting on board with Bitcoin,” Le said. “That’s extremely bullish for this year and 2026.”Strategic Bitcoin Reserve Still UnclearIn March, U.S. President Donald Trump signed an executive order formally establishing the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile. However, a detailed implementation plan has yet to be confirmed.Some analysts previously expected a clearer announcement in 2025. In September, Alex Thorn, head of firmwide research at Galaxy Digital, said there was “a strong chance” the U.S. government would officially announce the reserve this year.Long-Term Outlook Remains Bullish Despite Short-Term FearWhile Bitcoin’s price and sentiment have weakened into year-end, Strategy’s leadership remains focused on structural adoption, regulatory progress, and institutional alignment rather than short-term volatility.Le’s message to investors is clear: market fear may dominate headlines today, but Bitcoin’s underlying fundamentals continue to strengthen — potentially setting the stage for renewed growth beyond the current downturn.

Ethereum may struggle to reclaim record highs in 2026 as broader crypto market conditions remain fragile, according to prominent analyst Benjamin Cowen.Speaking on the Bankless podcast on Tuesday, Cowen said Ethereum’s outlook is closely tied to Bitcoin’s market structure, which he believes increasingly resembles a bear market.“If Bitcoin truly is in a bear market — which is what it feels like — it would be kind of hard for Ethereum to go up there,” Cowen said.His comments come amid growing debate over whether the crypto market has already peaked for the current cycle following sharp drawdowns since October.Ethereum Rally in 2026 Could Be a “Bull Trap”Cowen warned that even if Ethereum manages to reclaim its all-time high of $4,878, last reached in August, such a move may not be sustainable.“If Ethereum does get back to all-time highs in 2026, I’d be worried that it’s just a bull trap,” Cowen said, suggesting a sharp reversal could follow.He added that a failed breakout could send Ether back toward the $2,000 level, reinforcing the idea that upside moves may be corrective rather than the start of a new bull phase.At the time of writing, Ether is trading near $2,900, meaning a return to its peak would require a rally of more than 40%.Ethereum’s Performance Hinges on Bitcoin’s Market CycleCowen’s caution aligns with a broader bearish narrative forming around Bitcoin. Veteran trader Peter Brandt recently projected that Bitcoin could fall as low as $60,000 by Q3 2026, reinforcing concerns that the current cycle may have already topped.Cowen emphasized that Ethereum would be the only altcoin he would even consider capable of retesting all-time highs under these conditions — and even that scenario remains uncertain.“The only altcoin I’m even considering this for is Ethereum. A lot of the other altcoins are kind of cooked at this point for the cycle,” he said.Other Analysts See Potential for Deeper DrawdownsSome firms are even more cautious. Fundstrat Global Advisors reportedly warned investors earlier this month about a potential “meaningful drawdown” in 2026, which could push Ether into the $1,800–$2,000 range.However, not all analysts agree with the bearish outlook. Crypto commentator Crypto With James argued on Dec. 16 that Ethereum is “not done yet,” suggesting a near-term push back toward record highs remains possible.Ethereum Faces a High-Stakes 2026With Bitcoin struggling to regain momentum and liquidity conditions tightening, Ethereum’s ability to reach new highs in 2026 may depend less on its own fundamentals and more on whether the broader crypto market can escape a prolonged downtrend.For now, analysts remain divided — but Cowen’s warning highlights a growing concern: any major ETH rally next year may come with elevated downside risk rather than a new cycle of sustained growth.

Solstice team tackles USX stablecoin liquidity issues on Solana, restoring market stability. source: https://coincu.com/news/solstice-usx-stablecoin-liquidity-issue-solana/

크라켄은 유럽연합 국가와 영국 거주자를 위한 마스터카드 암호화폐 직불카드인 크라켄 카드를 공식 출시했습니다. 크라켄 카드를 통해 사용자는 400개 이상의 암호화폐와 법정화폐를 원활하게 사용할 수 있습니다.

트러스트 월렛은 최근 업데이트 후 사용자가 무단으로 지갑이 유출되는 것을 보고한 후 Chrome 확장 프로그램 2.68 버전에 영향을 미치는 보안 사고를 확인했습니다. 이 회사는 조사가 계속되는 동안 모바일 앱과 다른 버전은 영향을 받지 않는다며 사용자에게 확장 프로그램을 비활성화하고 즉시 업그레이드하라고 말했습니다.

키르기스스탄은 암호화폐 거래소 바이낸스가 국가 최초의 솜 연동 스테이블코인을 상장한 이후 디지털 자산을 금융 시스템에 포함시키기 위한 또 다른 조치를 취했으며, 이는 블록체인 기반 결제 및 인프라에 대한 국가 차원의 신뢰가 높아지고 있다는 신호입니다.

브루클린에 거주하는 23세의 로널드 스펙토르는 코인베이스 사용자들로부터 1,600만 달러를 빼돌린 정교한 피싱 사기를 조직한 혐의를 받고 있습니다. 검찰에 따르면 스펙터는 온라인에서 'lolimfeelingevil'이라는 가명을 사용해 의심하지 않는 피해자들을 대상으로 코인베이스 공식 지원 담당자로 위장하여 암호화폐가 도난당할 위험이 있다고 경고했습니다.

브라질의 한 음악 프로젝트는 실시간 비트코인 가격 변화를 악기를 안내하는 알고리즘을 사용하여 라이브 오케스트라 공연으로 전환할 예정입니다. 이 이니셔티브는 브라질의 세금 인센티브 프로그램을 통해 정부의 승인과 자금을 받아 브라질리아에서 이 개념을 실현할 수 있게 되었습니다.

에테나의 합성 스테이블코인 USDe는 10월 10일 시장 폭락 이후 투자자들이 레버리지 및 합성 지원 설계와 관련된 위험을 재평가하면서 약 83억 달러가 프로토콜에서 빠져나가는 등 급격한 위축을 겪었습니다.

7개의 회사가 가짜 암호화폐 플랫폼과 WhatsApp 투자 클럽을 운영하며 허위 거래 주장 및 인공지능 기반 팁으로 미국 투자자들로부터 1,400만 달러 이상을 가로챘습니다. 피해자들은 추가 수수료를 지불하고 자금을 인출하라는 압력을 받았고, 도난당한 돈은 해외 은행 계좌와 암호화폐 지갑을 통해 송금되었습니다.

암호화폐를 통한 자금 세탁으로 가벼운 처벌을 받으려던 한 한국 남성이 항소심 법원에서 집행유예를 뒤집고 징역 4년형을 선고받는 등 극적인 역효과를 냈습니다.

트럼프 미디어 & 테크놀로지 그룹은 451개의 비트코인을 추가로 매입하여 총 보유량이 10억 달러가 넘는 11,542개의 코인을 보유하게 되었습니다. 이 회사는 비트코인을 장기 준비금으로 사용하고 있으며 암호화폐 투자 및 관련 금융 서비스로 확장하고 있습니다.

저스틴 선은 월드 리버티 파이낸셜이 자신의 지갑을 블랙리스트에 올린 후 약 6천만 달러를 잃었으며, 900만 달러를 이체한 후 WLFI 토큰이 동결되었습니다. 동결로 인해 그는 보유 자산에 접근하거나 거래할 수 없게 되었으며, 토큰 가격은 9월 이후 40% 이상 하락했습니다.