Bybit posted the highest 24‑hour spot volume among centralized exchanges on December 22, 2025, reporting more than $9.2 billion as activity clustered in the NIGHT/USDT market. The pair accounted for most of the platform's flows that day, lifting Bybit ahead of competitors as overall spot volumes nearly doubled during the period.

On Friday, December 19, Moca Network launched MocaPortfolio, a platform granting its community access to token allocations from projects in the Animoca Brands ecosystem. The first live allocation features Magic Eden's ME token, with 2,195,000 ME available to eligible MOCA stakers. MocaPortfolio has set aside $20 million worth of tokens from Animoca Brands portfolio projects, with further token offerings planned over time.

Bybit, in partnership with Block Scholes, released a Crypto Derivatives Analytics Report on conditions following the December 1 selloff. Downside hedging has eased, with put–call skew dropping from 10–13 percentage points to 2–4, according to the report. Over the last 24 hours, BTC traded above $93,000 and ETH returned to $3,000. Sentiment is improving, but caution persists.