Binance News

According to BlockBeats, CryptoOnchain announced on social media that the Bitcoin SOPR ratio has dropped to 1.35, marking its lowest point since early 2024. As Bitcoin retraced to $89,700, this indicator suggests a complete reset of market profitability. The phase of significant profit-taking by long-term holders is diminishing, indicating that selling pressure is nearing exhaustion.

Historical data shows that when the market cools down, a SOPR ratio decline to such low levels often signals the formation of a local bottom. If a trend reversal occurs at this time, it could lay the foundation for the next healthy upward market movement.

BlockBeats notes that the Bitcoin SOPR Ratio is an advanced indicator in cryptocurrency on-chain analysis. It is derived from the Spent Output Profit Ratio (SOPR) and is primarily used to assess whether the market is predominantly in a profit or loss state, aiding in determining the stage of bull and bear cycles.

According to PANews, an analysis of data from the Russian Central Bank by the Russian Satellite News Agency reveals that by November 2025, the market value of Russia's gold reserves exceeded $300 billion for the first time, reaching $310.7 billion. This marks the fourth consecutive month of record highs. During this period, gold's share in Russia's international reserves rose to 42.3%, the highest level since February 1995, when it was 43.9% with a value not exceeding $5.5 billion.

According to PANews, a Maryland resident, Minh Phuong Ngoc Vong, has been sentenced to 15 months in prison for aiding North Korea in covertly placing IT personnel within U.S. companies. Ngoc Vong secured employment at American tech firms on behalf of overseas conspirators, potentially involving a North Korean citizen. This scheme allowed foreign agents unauthorized access to sensitive government systems, including those related to defense.

According to Foresight News, Ondo Finance has submitted its roadmap for tokenized securities to the U.S. Securities and Exchange Commission (SEC). The company highlighted the coexistence of direct registration, beneficial ownership, and packaged and associated securities ownership models in today's financial markets, emphasizing their significant roles on-chain.

In its letter, Ondo Finance urged the SEC to allow these three models by supporting both direct and intermediary ownership structures. The company also advocated for the acceptance of permissioned, permissionless, and hybrid blockchains. Additionally, Ondo called for targeted regulatory clarity for tokenization based on transfer agents and broader tokenization of securities held at the Depository Trust Company (DTC).

Ondo Finance expressed its anticipation of supporting the SEC in providing more backing for tokenized securities.

According to Foresight News, Lookonchain monitoring has revealed that Tom Lee's BitMine recently purchased 22,676 ETH. This acquisition occurred four hours ago and is valued at approximately $68.67 million.

According to BlockBeats, recent monitoring by Farside Investors revealed that U.S. Bitcoin spot ETFs saw a net inflow of $54.8 million. Among the ETFs, BlackRock's IBIT experienced a net outflow of $32.5 million, while Fidelity's FBTC had a net inflow of $27.3 million. Bitwise's BITB recorded an inflow of $4.9 million, ARK's ARKB saw an inflow of $42.8 million, VanEck's HODL had an inflow of $11.4 million, and WisdomTree's BTCW reported an inflow of $0.9 million.

In contrast, U.S. Ethereum spot ETFs experienced a net outflow of $75.2 million, with only BlackRock's ETHA providing specific inflow/outflow data.

According to BlockBeats On-chain Detection, a newly created wallet received 22,676 ETH from BitGo approximately four hours ago. This address is likely associated with BitMine.

According to Odaily, the Bank of Japan is considering a 25 basis point interest rate hike to 0.75% during its meeting on December 19, marking the highest rate since 1995. Following this news, the Japanese yen strengthened from around 155 to approximately 154.56. A stronger yen often leads to macroeconomic deleveraging, potentially triggering the unwinding of yen-financed carry trades. This could tighten liquidity that has supported Bitcoin's rebound from its November lows. If financing costs continue to rise, leveraged funds may reduce exposure to high-volatility assets like Bitcoin.

According to ChainCatcher, data from Coinglass indicates that if Bitcoin surpasses $94,066, the cumulative liquidation intensity of short positions on major centralized exchanges will reach $1.898 billion. Conversely, if Bitcoin falls below $85,136, the cumulative liquidation intensity of long positions on these exchanges will amount to $1.027 billion.

According to PANews, official data reveals that Circle issued approximately 8.2 billion USDC and redeemed around 6.2 billion USDC in the seven days leading up to December 4. This activity resulted in a net increase of about 2 billion USDC in circulation. The total circulation of USDC stands at 78 billion, backed by reserves of approximately 78.1 billion dollars. These reserves include overnight reverse repurchase agreements amounting to roughly 46 billion dollars, U.S. Treasury bills with maturities under three months totaling about 21.6 billion dollars, deposits at systemically important institutions around 9.9 billion dollars, and other bank deposits approximately 600 million dollars.

According to PANews, renowned investor Kevin O'Leary has expressed skepticism about the long-term viability of most altcoins, asserting that they are essentially worthless and will eventually disappear. O'Leary believes that only Bitcoin and Ethereum possess the necessary attributes to endure in the cryptocurrency market.

According to ChainCatcher, analyst Emmett Gallic shared on the X platform that an address associated with prominent investor Jez San has withdrawn over $75 million in altcoins from an exchange. The assets include $22 million in LINK, $18 million in ETH, $11 million in ENA, $6 million in AAVE, $3.75 million in ONDO, $3.5 million in PENDLE, $3.3 million in UNI, and $1.3 million in ARB.

According to BlockBeats, Polymarket data reveals a 94% probability of a 25 basis point rate cut by the Federal Reserve in December. The likelihood of maintaining the current interest rate stands at just 6%, with some users even betting on a 50 basis point cut, which currently has a 1% probability. The trading volume for this prediction event has reached $260 million.

According to ChainCatcher, the U.S. Securities and Exchange Commission (SEC) is set to hold a roundtable discussion on cryptocurrency, financial surveillance, and privacy on December 15. The event will be initiated by senior SEC officials, including Crypto Task Force Director Richard B. Gabbert and Chairman Paul S. Atkins, along with several commissioners.

Key highlights of the meeting include a keynote speech by Zcash founder Zooko Wilcox and a presentation by Aleo Network Foundation CEO Koh. The panel discussion will be moderated by Yaya J. Fanusie, Global Policy Director at Aleo Network Foundation. Participants will feature policy analysts from the American Civil Liberties Union (ACLU), the CEO of the Blockchain Association, and representatives from various privacy technology companies.

According to Odaily, Delphi Digital has shared insights on the X platform regarding the correlation between the altcoin index Total3 and U.S. small-cap stocks (RUT). Since the beginning of 2024, the long-term correlation has remained around 0.75, indicating that both are influenced by liquidity and risk appetite. However, short-term indicators have shown divergence, with 30-day and 90-day correlations recently dropping to historically low levels, suggesting a temporary loosening of short-term linkage.

Historically, such structures often signal mean reversion, where lagging assets may experience a catch-up rally. If the macroeconomic environment remains favorable and small-cap stocks continue to break through, altcoins might see a rebound.

According to PANews, Grayscale has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) to propose the launch of the Grayscale Sui Trust (SUI) ETF.

According to Odaily, Tether's CEO, Paolo Ardoino, expressed concerns on the X platform regarding the recent outage of Cloudflare. He emphasized the need for future technologies to move away from dependence on centralized infrastructure.

According to Odaily, Strive, a Bitcoin treasury company, has expressed concerns over MSCI's decision to remove companies like Strategy and other DAT firms from its index. In a letter addressed to MSCI CEO Henry Fernandez this week, Strive argued that this move deviates from the principle of index neutrality. The company urged the index provider to allow the market to determine how to handle companies with significant Bitcoin holdings on their balance sheets. Strive has disclosed that it currently holds over 7,500 Bitcoins, ranking 14th among publicly listed companies with Bitcoin holdings.

According to PANews, two Bitcoin wallets, dormant for over 13 years, have transferred 2,000 Bitcoins valued at $178.29 million to new wallets. These Bitcoins were originally minted by Mike Caldwell as Casascius physical Bitcoins between 2011 and 2013.

According to PANews, blockchain analyst Yu Jin has reported that Huang Licheng, known as Maji, has seen his profits from a leveraged Ethereum (ETH) trading strategy largely diminish. Initially, Maji invested $500,000 to go long on ETH starting at $2,840. When ETH prices rose to $3,200 two days ago, his investment grew to $3.34 million. However, the strategy also increased the liquidation price to $3,000. Early today, ETH prices fell below $3,000, resulting in two liquidations. Consequently, the position's value dropped from $3.34 million to $730,000, with profits nearly wiped out. The remaining position is now just $42 away from the liquidation price.