Bitmine Immersion Technologies said its combined crypto, cash and "moonshot" holdings total about $13.2 billion, after adding 98,852 ETH in the past week to reach 4.07 million ETH and 193 BTC. The ETH trove equals roughly 3.37% of the 120.7 million circulating supply, and its shares averaged $1.7 billion in daily volume as of December 19.

Aave’s native token continued to slide despite steady buying from founder Stani Kulechov, highlighting weak market confidence as governance and revenue concerns overshadow insider accumulation. On-chain data shows Kulechov added more than $12 million worth of AAVE over the past week, but the token remains under pressure as investors await clarity on DAO control and long-term value capture.

On Monday, Ethereum treasury firm BitMine, led by Tom Lee, added about $88 million in ETH to its holdings, according to onchain data. The NYSE-listed company now reports owning 4,066,062 ETH acquired at an average price of $2,991 per token, valuing its treasury at roughly $12 billion. BitMine's strategy focuses on accumulating 5% of Ethereum's circulating supply while its BMNR stock and ETH price both declined that same day.

On 23 December 2025, analysts highlighted that Bitcoin’s hashrate has seen its steepest monthly pullback since early 2024, signaling rising stress across the mining sector. Research indicates that previous periods of miner capitulation and falling computing power have often preceded stronger medium-term price recoveries. With about 1.3 gigawatts of capacity estimated to be offline in China and margins squeezed by power costs and competition, the current reset may be clearing out weaker operators rather than signaling structural demand weakness.

According to on-chain data, Bitcoin has entered its most intense selling phase in three years, even as the holder retention rate has been rising. Analysts noted that this wave of market sell orders usually precedes a bottom and a consolidation period, but current buy/sell index readings still signal a risky environment for buyers. Recent metrics suggest that any price rebound could serve more as an opportunity to exit long positions than the start of a sustained recovery.

XRP made brief early‑week gains but failed to clear $1.95 and subsequently slid below $1.90, extending a drawdown of nearly 50% from its July peak. Santiment said on December 22, 2025 that social commentary had turned sharply negative, a setup it links to past rebounds, while SoSoValue reported $43.89 million of net inflows into five spot XRP ETFs on Monday.

According to a weekly report from CoinShares, crypto investment products saw $952 million in outflows over the past week, while XRP-based ETFs bucked the trend with about $82.04 million in inflows and a 25-day positive streak. During the same period, XRP’s price rebounded from a two-month low of $1.77 to around $1.93, with several analysts suggesting the correction may be ending and eyeing a potential move toward the $2.30-$2.50 range if market momentum improves.

Competition in onchain perpetual trading is heating up after Hyperliquid listed LIT, the native token of rival exchange Lighter, on its pre-market contracts platform. The move enables traders to speculate on LIT ahead of its official launch, underscoring growing demand for early price discovery in crypto derivatives.