Bitcoin traded around $89,127 in thin Boxing Day sessions while Asian equities inched higher and silver extended record-breaking gains. Low liquidity kept BTC capped below $90,000 even as Wall Street's latest record closes and a strong run in gold and silver underpinned year-end risk appetite.

BlackRock is expanding its digital assets team with new roles in New York, London and Singapore. According to job listings, openings span associate to managing director, including a New York MD role paying $270,000 to $350,000 and an APAC MD in Singapore. The push covers tokenization, stablecoins, market structure, fund services and compliance.

On Tuesday, the S&P 500 finished at a record after a US Q3 GDP revision to 4.3%, and on Wednesday Bitcoin eased in early Asian trade. Bitfinex analysts said BTC rebounded from the low $80,000 support but faces supply between $94,000 and $120,000. Gold set a fresh high above $4,500, with $4,520 shown in a CoinGecko post on December 24, 2025.

Decentralized perpetual futures exchange Hyperliquid stated that a wallet flagged by the community for shorting and selling $HYPE is controlled by a former staff member dismissed in Q1 2024. On-chain observers had tracked the address’s large $HYPE balance, alleged TWAP-style selling and links to HyperEVM after the token’s launch. In response, Hyperliquid reiterated its code of conduct, including a ban on team trading $HYPE derivatives and a zero-tolerance policy toward insider trading.

Gemini Asia Pacific head Saad Ahmed said institutional investors now dictate how crypto markets digest shocks, focusing more on long-term positioning than daily price swings. He highlighted the November to December 2025 sell-off, when Bitcoin fell from near $100,000 to about $87,000 and Ethereum dropped from around $3,900 to roughly $2,745 before partially recovering, as an example of more disciplined risk management. Ahmed added that ETF flows, stablecoin activity and real-world asset usage are increasingly important signals of market health alongside on-chain fundamentals.

On Thursday, Terraform Labs’ court-appointed plan administrator Todd Snyder filed a federal lawsuit in Illinois seeking $4B in damages from Jump Trading, co-founder William DiSomma, and former Jump Crypto president Kanav Kariya. The complaint alleges Jump struck a secret deal to support TerraUSD’s peg, profited heavily from trading LUNA, and helped set the stage for the May 2022 collapse that erased about $40B in value before Terraform filed for bankruptcy in January 2024.

On December 18, 2025, PeckShield reported that a whale's multisig wallet was emptied of about $27.3M following a private key compromise. The drainer pushed roughly $12.6M (4,100 ETH) through Tornado Cash, retained about $2M in liquid assets, and controls a wallet that holds a leveraged Aave position with around $25M in ETH against roughly $12.3M in DAI debt.

Bitcoin drifted toward $86,000 on Thursday as Asian markets opened weaker following Wednesday's tech-led slide on Wall Street. A snapshot showed BTC at $86,575 (-1.1%), Ether at $2,832 (-4.2%), and XRP at $1.86 (-3.7%), with total crypto market value at $3 trillion (-1.5%).

On December 17, 2025, HashKey Holdings launched trading on HKEX, initially rising about 6% before slipping under the HK$6.68 IPO price. The offering raised roughly $206M and drew heavy demand, with institutional subscriptions about 5.5x and retail nearly 394x, while cornerstone investors included Fidelity and UBS.