Indonesia's Financial Services Authority (OJK) published a list of 29 officially licensed crypto asset trading platforms authorized to operate in the country, Techinasia reported on Dec. 22. The regulator identified four approved digital asset market infrastructure providers covering exchange, clearing and custody services, with listed platforms including Indodax, Tokocrypto, Pintu, Luno, Upbit and Pluang. OJK advised the public to verify the legal status of crypto providers and be cautious about unrealistic profit claims. Under Law No. 4 of 2023, regulatory authority over cryptocurrencies shifted from Bappebti to OJK, and operating without a license can result in 5 to 10 years in prison and fines ranging from 1 billion to 1 trillion rupiah.

A whale address sold its entire 230,350 AAVE holdings for 5,869.46 stETH worth $17.52M and 227.8 WBTC worth $20.07M over the past 3 hours, contributing to a roughly 10% price drop in AAVE. Data from Nansen shows, as reported by Onchain Lens.

The U.S. Federal Reserve is scheduled to inject nearly $7 billion into financial markets tomorrow, according to cryptocurrency exchange OKX. This comes after approximately $38 billion in liquidity injections over the past 10 days, as previously reported by Cointelegraph.

Bitcoin’s on-chain capital inflows have weakened, with its realized price stalling over the past month after roughly 2.5 years of steady growth, according to CryptoQuant. On December 22, founder Ki Young Ju said market sentiment may take several months to recover, as reported by BlockBeats. The flat realized price signals a pause in new capital entering the Bitcoin market and a shift away from sustained accumulation.

Uniswap’s “Unification” governance proposal passed on December 22 with over 69 million UNI votes, well above the 40 million threshold, according to on-chain data. Uniswap’s UNI token rose about 25% to $6.5, while a whale address opened a 10x UNI long ahead of the vote and now holds roughly $870,000 in unrealized profit on a $5.6 million position, per HyperInsight. Proposed by Hayden Adams, the plan includes a two-day timelock before burning 100 million UNI and activating v2/v3 fee switches to support ongoing token burns.

A crypto whale identified as address “1011” was liquidated for $17.94 million during a market downturn on December 22, according to Onchain Lens and BlockBeats. The address later deposited $3 million to open a 10x leveraged long on the HYPE token and also holds smaller long positions in Bitcoin, Ethereum, and Solana. Onchain Lens said the whale’s active positions now exceed $10 million, signaling a strategic shift after the liquidation.

On December 22, Bitcoin is actively testing a crucial mid-term resistance level at $89,000. Should a decisive breakout occur, analyst @alicharts, in a post cited by BlockBeats, indicates potential upside targets ranging from $91,000 to $93,500. Conversely, a failure to breach this resistance could lead to a retest of the $84,600 support level.

On December 19, a crypto whale linked to address 0x94d shifted strategy by moving about $20 million in spot Bitcoin on-chain and selling it to open leveraged shorts on Hyperliquid, according to HyperInsight. The whale now holds $122 million in open interest, including a $120 million BTC short entered at $87,300 and a $2.14 million ETH short at $2,920. The BTC position shows a $1.26 million unrealized loss with a $101,000 liquidation price, making the address Hyperliquid’s largest BTC short holder.

On December 22, the on-chain whale address 0xb31, known as “BTC OG,” reduced unrealized losses on long positions to about $26.6 million from a peak of $76.15 million, according to BlockBeats citing Coinbob. The address controls roughly $744 million in Hyperliquid positions backed by $56.46 million in margin, including a $617 million 5x ETH long, after transferring $230 million from Binance in early December. BlockBeats noted the whale previously earned nearly $100 million by shorting BTC ahead of the October 11 market drop, with BitForex CEO Garrett Jin confirming ties to exchange clients.