Author: AltCoinDrops.com
The whale trader tagged as “BitcoinOG (1011short)” added another 12,406 Ethereum to his long exposure, pushing the wallet’s combined book deeper into the red. The update was flagged by the on-chain monitor Lookonchain, which also described the wallet’s performance swing: from $120M+ in profits down to under $30M, with losses now over $70M. Current positions The same Lookonchain post lists the wallet’s open exposures as: 203,341 ETH (about $577.5M) 1,000 Bitcoin (about $87M) 250,000 Solana (about $30.7M) For a live view of the wallet’s derivatives positions and unrealized PnL, the account is tracked on Hyperdash, a dashboard that follows high-performing…
Polymarket, one of the leading prediction markets, outperforms more than 85% of crypto protocols in user retention, according to Dune Analytics’ December 2025 report. Prediction markets have been racking up big numbers for the past 2 years, with their monthly notional volume on platforms soaring from under $100 million to over $13 billion, a staggering 130-fold increase. Since early 2024, prediction markets have seen dramatic expansion in total volume and number of participants. Transactions surged by 180 times from 240,000 to more than 43 million, while monthly active users grew from 4,000 to 612,000, a 150-fold jump. Polymarket alone processed…
TLDR: OCC found large banks applied restrictive policies that limited access for several lawful but sensitive industries. The agency reported internal rules requiring escalated reviews before certain customers could obtain services. Comptroller Gould said the OCC aims to stop actions that could “weaponize finance” across the banking system. Thousands of complaints on political and religious debanking remain under review for future public reporting. OCC Releases Preliminary Findings as the agency intensifies its examination of what it calls “weaponized finance” across the country’s largest national banks. The Office of the Comptroller of the Currency released an early report detailing how nine…
Crypto newsletter founder Lark Davis has argued that the next decade could decisively favor LINK over XRP. This comes amid new developments from Chainlink and Ripple in boosting its ecosystem. Lark Davis Supports Chainlink on a Long-Term Basis Lark Davis gave his take on a discussion about these two ecosystems on a Rollup TV interview, during which he was asked to compare both tokens. Davis thinks LINK will outperform XRP over a period of 10 years. What does @LarkDavis think about the $XRP vs $LINK rivalry? He gives his blunt take… pic.twitter.com/YCnaNoOZBS — Andy (@andyyy) December 16, 2025 “I think…
Bitcoin pumped and dumped following a “mixed” U.S Jobs report for November. The crypto asset initially rallied by over 3%, rising to $88K from $85K. However, it retraced the gains afterwards and traded at $86.6k at press time. Source: BTC/USDT, TradingView The Jobs report came in stronger at 64K than the expected 51K, indicating a resilient labor market. Since the Fed uses the labor data to make rate decisions, this meant reduced odds of another interest cut in January 2026. As a result, the chance of keeping rates unchanged at current levels (3.50-3.75%) surged by 3% to 78%. This dented…
TLDR Ethereum ETFs recorded a total daily net outflow of $224.78 million on December 15. BlackRock’s ETHA holds the highest net assets at $10.69 billion, but saw the largest outflow of $139.09 million. Grayscale’s ETHE and Fidelity’s FETH posted outflows of $35.10 million and $10.96 million, respectively. Grayscale’s ETH recorded a $20.18 million outflow and a 4.92% price decline, while QETH remained stable with no net change. Nearly all ETFs experienced market price drops around 5%, with Bitwise ETHW and VanEck ETHV also posting notable outflows. As of December 15, the Ethereum ETF market recorded a daily net outflow of…
Grayscale, one of the world’s largest digital asset managers, has downplayed fears that quantum computers could pose an immediate threat to Bitcoin’s security. In its latest 2026 Digital Asset Outlook, the company cautioned that quantum computing remains a long-term technology challenge in the crypto sector. Still, the firm stated that the risk is unlikely to impact cryptocurrency markets in the coming year. The report went even further, calling quantum computing a “red herring” for 2026. Grayscale also highlighted that specific physical factors, regulatory changes, institutional adoption growth, and capital flows will influence crypto markets. Those, the firm said, are the…
StraitsX will launch XSGD and XUSD on Solana in early 2026, targeting on-chain FX, cross-border settlement, and AI-driven payments with x402 support. Summary StraitsX will deploy its SGD- and USD-pegged stablecoins XSGD and XUSD on Solana in early 2026, making it the first L1 to host both assets natively. The launch targets on-chain FX, instant SGD–USD swaps, and cross-border settlement, leveraging Solana’s high throughput and low fees plus liquidity pools on CEXs and DEXs. Both stablecoins will support the x402 payment standard to enable machine-to-machine and AI-agent micropayments in what StraitsX calls the emerging “agentic economy.” StraitsX announced a partnership…
TLDR: Senate Republicans push for markup next week to advance crypto market legislation. Democrats seek stronger governance and consumer protection measures in the bill. Agriculture Committee’s draft leaves DeFi and other sections unresolved. Industry closely watches negotiations as holiday recess approaches, signaling urgency. Senators are accelerating efforts to finalize the crypto market bill as the holiday recess approaches. Lawmakers are negotiating key provisions to create clear rules for the cryptocurrency industry, with only days remaining in the congressional calendar. Republicans are pushing for a markup next week, while Democrats continue seeking revisions to address governance and consumer protections. Industry participants…
Wyoming-chartered crypto bank Custodia has filed a petition with the full Tenth Circuit Court of Appeals, seeking reconsideration of the Federal Reserve’s denial of its master account application, escalating a five-year legal battle. The bank argues that the October panel decision misinterpreted federal law and raises constitutional concerns about the Fed’s authority.The petition, filed on December 15, requests en banc review, asking all active circuit judges to examine whether regional Federal Reserve Banks can exercise unreviewable discretion over master account access for legally eligible institutions.Custodia contends the three-judge panel’s 2-1 ruling conflicts with the Monetary Control Act’s mandate that payment…