Category: crypto

On December 12, Ethereum spot ETFs saw $19.41 million in net outflows as the price of ETH hovered around $3,000. BlackRock’s ETHA had inflows, but Grayscale and Fidelity had outflows. Analysts noted a bullish setup for ETH despite short-term weakness. Inflows and outflows fluctuated throughout the week.

Tether has made a formal cash offer to purchase Exor’s controlling stake in Juventus Football Club. The stablecoin issuer plans to acquire Exor’s 65.4% ownership in the Italian club using its own capital, with a public tender for remaining shares at the same price. If successful, Tether pledges €1 billion for club development.

Silver prices reached record highs as U.S. Treasury yields surged, prompting economist Peter Schiff to question the Federal Reserve’s recent monetary policy decisions. Chart data shows a steady uptrend in silver prices with no speculative volume spikes, indicating investors are repositioning amid declining confidence in current monetary policy.

The OCC granted conditional national trust bank charters to major digital-asset firms, including Ripple, Circle, and Fidelity Digital Assets, integrating them into the federal banking system. This move, enabled by the GENIUS Act and Interpretive Letter 1188, allows for stablecoin settlements through the Federal Reserve and riskless-principal crypto transactions.

DeepSeek released price projections for Ripple’s XRP, Solana, and Dogecoin through 2025. XRP’s outlook depends on SEC lawsuit resolution, Solana on ecosystem growth and institutional adoption, and Dogecoin on payment adoption. The projections come as the crypto market recovers. XRP could see a collapse or upside, Solana could see gains with institutional interest, and Dogecoin…

Crypto veteran Jill Gunter reported her wallet was drained of over $30,000 in USDC due to a vulnerability in a Thirdweb contract. The incident involved a legacy contract that allowed unlimited token approvals, leading to the theft. Gunter is investigating the theft and plans to donate any recovered funds to charity.

Director Carl Erik Rinsch was convicted of wire fraud and money laundering for misusing funds provided by Netflix for a science-fiction series. He diverted the money into personal accounts and speculative trades, including Dogecoin, and luxury items. He faces up to 20 years in prison for each count. Sentencing is scheduled for April 17, 2026.

NFT sales volume has dropped by 15.72% to $64.95 million, with Bitcoin recovering to $90K and ETH holding $3K. Market participation has crashed, with NFT buyers falling by 68% and sellers dropping by 71%. DMarket leads in sales, while Ethereum and Immutable have declined, and Solana has surged.

Two Bitcoin wallets connected to Silk Road-era activity moved a significant amount of cryptocurrency in May, with additional consolidation on Dec. 10. The funds were redirected to new SegWit addresses, suggesting internal custody management rather than immediate sale. Market observers note potential short-term supply impact on prices.

Canadian fintech analysts predict increased adoption of XRP in digital payment systems. The US OCC ruling allows banks to facilitate XRP trades, boosting institutional integration. Skipper_xrp notes growing XRPL ecosystem activity and interest in the RACO token. XRP is seen as a potential leading financial technology application in the crypto sector.