Tom Lee, Chairman of BitMine, stated in an article on the X platform that many institutional investors typically exit the market during the final holiday trading period of the year, shifting market dominance to algorithmic and bot trading programs. This, coupled with year-end selling driven by tax avoidance needs, contributes to the market dynamics in the last few days of December. Previously, when BitMine disclosed its purchase of 44,463 ETH last week, Lee also pointed out that as the year-end holidays approach, overall market activity tends to decline, and tax-avoidance selling can exert temporary downward pressure on cryptocurrency and related stock prices. This impact is typically most pronounced between December 26th and December 30th, and BitMine is adjusting its market strategy based on this seasonal characteristic.

Trader CBB posted on the X platform that people spent months promoting a certain token, but the token's valuation failed to break $3 billion within 24 hours of its launch after being fully diluted, and he called the token a pure junk coin.

According to Onchain Lens monitoring, Bitmine (@BitMNR) has staked an additional 118,944 ETH, worth $352.16 million. Currently, Bitmine has staked a total of 461,504 ETH, with a total value of $1.37 billion. In addition, a newly created wallet received 32,938 ETH from FalconX, worth $97.8 million; this address likely belongs to Bitmine.

Strategy Executive Vice President Andrew Kang stated that continuing to increase its Bitcoin holdings would benefit shareholders. Kang noted that the company is seeking untapped capital and areas where demand for digital credit can grow, adding that BTC still has a long way to go.

According to Onchain Lens, a wallet (0x229...A86E) associated with Arthur Hayes (@CryptoHayes) deposited 6.27 million ENA tokens, worth $1.28 million, into Bybit.

Market is in a state where recovery could be a matter of time and volatility. Substantial sell-side volatility must appear to push assets lower. source: https://u.today/crypto-market-prediction-ethereum-eth-can-see-3000-right-there-this-is-where-xrp-recovers-solana

null source: https://x.com/cointelegraph/status/2006153486916895230

null source: https://x.com/reutersbiz/status/2006153328422429167

A $2. 9 billion deal with Tesla and L&F Co. has collapsed into just $7,386 on paper, a 99% plunge that has blown a massive hole in the company’s value and crushing the fortune of the family that own it by over $660 million. Hur Jae-hong, chairman and CEO of L&F, watched his listed holdings fall […] source: https://www.cryptopolitan.com/tesla-800m-wealth-setback-for-the-board/

U.S. prosecutors have filed a letter with the U.S. District Court for the Southern District of New York, opposing the court's acceptance of an amicus brief submitted by the DeFi Education Fund, a digital asset advocacy group, in considering whether to retry a case related to Ethereum's MEV (Mean Electric Vehicles) token. In a document to Judge Jessica Clarke, U.S. Interim Counsel Jay Clayton stated that the brief "detaches itself from the trial record and merely repeats legal arguments previously rejected by the court" and should not be adopted. The case involves brothers Anton and James Peraire-Bueno, who are accused of exploiting approximately $25 million worth of vulnerabilities in Ethereum using automated MEV bots. Previously, in November, the court declared a mistrial after the jury failed to reach a unanimous verdict. The U.S. government subsequently requested the court to schedule a retrial as soon as possible in late February or early March 2026. According to a draft opinion submitted by DEF on December 19, the organization supports dismissal or acquittal, arguing that such prosecutions would create uncertainty and fear for DeFi developers, potentially stifling industry innovation and forcing participants to leave the sector. The prosecution, however, argues that these views do not provide new legal grounds. The outcome of the case remains unclear. If the two brothers are convicted on the same charges in a retrial, they could face up to 20 years in prison for each charge. The case's outcome is also seen by the industry as having significant implications for MEV behavior and related compliance boundaries. (Cointelegraph)

Coinbase launched the Base App, turning its wallet into an all-in-one platform for crypto, payments, chat, and social features. It connects to the Base blockchain and aims to attract everyday users, not just traders.