On December 19, 2025, multiple newly created wallets pulled more than 8,000 ETH from Binance as the token traded below $3,000. Exchange balances fell to 16.22M ETH, with Binance at around 3.88M. Derivatives open interest edged from $17.4B to $17.7B, while one whale held a $600M long on Hyperliquid.

On December 19, $3.18B in BTC and ETH options expired on Deribit, with BTC notional around $2.7B and max pain near $88,000. Positioning showed heavier puts below $91,000 and notable liquidity at $85,000. Another roughly $23B of options are scheduled to expire on December 26, as open interest remains subdued near $39B in Q4.

In 2025, Circle Internet Group Inc. recorded more than 66% year-on-year revenue growth and generated about $2.93B in income, driven largely by USDC stablecoin operations and rising daily fees. Over the same period, USDC expanded across Ethereum and Solana and into payment integrations, while Circle's CRCL shares swung between $81 and $293 and ended the year close to their IPO level.

On December 18, 2025, Bitcoin traded at $86,948.17 with a 57.6% dominance, according to Bitbo, after a 73‑day decline from its all‑time high pushed it into its most oversold state since 2023. Derivatives open interest sits near $27.4B, down from over $44B in early October, while repeated drops below $90,000 and swift sell‑offs suggest fragile sentiment.

As of December 17 2025, BTC is trading around $86,401.82, slightly above the $84,000 cost basis attributed to ETF buyers, while experiencing a multi‑week correction. Large miners, whales and new accumulation wallets are largely holding or adding to reserves, in contrast to ETFs and some institutions that are offloading BTC and contributing to selling pressure. On‑chain data shows miner reserves near 1.89M BTC and relatively stable holdings among large addresses, even as analysts warn of potential downside targets between $70,000 and $40,000 before a possible new bull phase.

Polygon's proof-of-stake chain has seen daily transactions climb back to multi-year highs, driven mainly by Polymarket activity and peer-to-peer USDC payments. A recent upgrade increased Polygon's throughput by 30% to about 1,400 transactions per second, while the POL token continues to trade near its all-time low around $0.11 with open interest close to $35M. Despite losing most play-to-earn traffic from the 2021 bull market, the network now functions primarily as a settlement layer for prediction markets and stablecoin transfers.

On December 16, 2025, Solana announced a partnership with Project Eleven to develop and test quantum-resistant digital signatures on a Solana testnet. The initiative includes a full quantum-readiness assessment of wallets, validators, and transaction flows. Solana's founder Anatoly Yakovenko has previously cited a 50% probability of quantum attacks against Bitcoin in the coming years, while current threats remain theoretical.

PIPPIN jumped to a fresh all‑time high on December 16 following a sharp squeeze in derivatives. Shorts dominated open interest, while on‑chain whales executed coordinated spot orders on Raydium and PumpSwap. The team made no new announcements during the move.

Solana faced a sustained DDoS campaign over the past week, with peak traffic reaching 6 Tbps. Despite the pressure, Solana's block production and consensus remained stable. SUI encountered a smaller attack in the past day, which briefly degraded performance before being resolved.