More than 80,000 BTC flowed out of the exchange, and a whale transferred 3,370 ETH to Kraken

Headlines

▌More than 80,000 BTC flowed out of exchange wallets in the past 30 days

According to the latest data, 9335.34 BTC flowed out of exchange wallets in the past 24 hours, 3335.07 BTC flowed into exchange wallets in the past 7 days, and 80989.21 BTC flowed out of exchange wallets in the past 30 days. As of press time, the total balance of exchange wallets is 2,243,869.39 BTC.

▌An ETH whale transferred 3,370 ETH to Kraken 9 hours ago

According to the on-chain analyst Ember, a whale who received 200,000 ETH from the Ethereum Genesis Block in 2015 transferred 3,370 ETH (US$11.37 million) to Kraken 9 hours ago. He transferred 48,687 ETH (US$171.78 million) to Kraken this year, with an average transfer price of US$3,528. However, after 8 years of continuous sales, his ETH has almost been sold out. Currently, there are only 7,594 ETH (US$25.72 million) left, and it will be cleared in 1-2 more sales.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $94,836.25, with a daily increase or decrease of +0.5%;

ETH's latest transaction price is $3,377.90, with a daily increase or decrease of +1.4%;

BNB's latest transaction price is $715.35, with a daily increase or decrease of +2.9%；

SOL's latest transaction price is 192.49 US dollars, with a daily increase or decrease of +4.0%；

DOGE's latest transaction price is 0.3218 yuan, with a daily increase or decrease of +2.5%；

XPR's latest transaction price is 2.17 US dollars, with a daily increase or decrease of +1.3%.

Policy

▌Galaxy Digital Research Director: If the IRS finally identifies the DeFi front end as a broker, the industry will face a difficult choice

Galaxy Digital Research Director Alex Thorn said that if the IRS's regulations that identify the DeFi front end as a broker are not withdrawn, the DeFi industry will face three options: comply with the IRS's reporting requirements and accept the broker's identification, try to block users from the United States, and give up smart contract upgrades and revenue generation. Yesterday, the U.S. Internal Revenue Service (IRS) issued final regulations requiring brokers to report digital asset transactions and incorporate DeFi platforms into the existing tax framework. The rule will take effect in 2027 and will force brokers to disclose transaction details, including total income and taxpayer information. Brokers must collect and report data starting in 2026. The IRS estimates that 650 to 875 DeFi brokers will be affected, potentially affecting up to 2.6 million taxpayers. The regulations are primarily aimed at trading front-end service providers, such as DEXs that facilitate digital asset trading. According to the IRS, these platforms act as intermediaries, and classifying them as brokers will help ensure tax compliance.

▌CryptoQuant founder: Trump's Bitcoin policy depends on the economic status of the United States

Ki Young Ju, CEO and founder of CryptoQuant, said that President-elect Donald Trump's Bitcoin policy may depend on the global investment community's view of the U.S. economy and the strength of the dollar. Ju believes that when investors believe that the U.S. economic hegemony is threatened, the prices of value-storage assets such as gold and BTC will soar. However, investors continue to express confidence in the U.S. economy and view the U.S. dollar as a safe haven currency. This dominant position makes it unlikely that the Trump administration will adopt a strategic reserve of Bitcoin to protect the dominance of the U.S. dollar and may cause the president-elect to backtrack on policies supporting Bitcoin.

▌Magic Eden General Counsel: David Sacks has only 2 years to promote policies supporting cryptocurrency

Magic Eden General Counsel Joe Doll recently said that David Sacks has only 2 years to promote policies supporting cryptocurrency before the 2026 US mid-term elections. The threat of government deadlock could stifle regulation, and the current administration must promote policies supporting cryptocurrency while still controlling both houses of Congress. "The majority in the House is very slim and it's likely to flip because the House almost always flips. So you could have a divided government that sets things in place in 2 years. So we have 24 months to push something important."

Blockchain Application

▌Sophon completes mining migration and opens mainnet mining

ZKsync-based modular blockchain Sophon announced the completion of mining migration and the start of the second phase, and mainnet mining is now open. Earlier news, Sophon announced the mining migration timeline: the L1 mining withdrawal window will be closed at 7:59 on December 27; all remaining assets will automatically cross-chain to the Sophon mainnet on December 27, and the accumulation of SP points in the first phase will end; the mainnet mining will be opened on December 28.

▌Ethena’s Berachain Incentivized Pre-Deposit Vault is now live

Ethena Labs announced that Ethena’s Berachain Incentivized Pre-Deposit Vault is now live, accepting USDe, sUSDe, and USDC/USDT deposits. Concrete has launched 2 Ethena Pre-Deposit Vaults for Berachain to launch the deposit program. They are the first place for users to retain USD exposure but receive Berachain rewards and participate in its ecosystem. After the Berachain mainnet is launched, the Pre-Deposit Vault will deploy liquidity across whitelisted protocols in the Berachain ecosystem. Deposits of USDe and sUSDe will be eligible for Ethena rewards, Concrete Points, BERA, and native ecosystem rewards.

Cryptocurrency

▌A dormant address containing 357 BTC was activated after 11.0 years, equivalent to about 34 million US dollars

According to the on-chain data tracking service Whale Alert, a dormant address containing 357 BTC (34,070,177 US dollars) has just been activated after 11.0 years.

▌Polymarket predicts that the probability of approval of the spot Solana ETF before July 31 next year has risen to 71%

Polymarket predicts that the possibility of the US SEC approving the spot Solana ETF application before July 31, 2025 has risen to 71%. Yesterday, Nate Geraci, president of The ETF Store, disclosed that VolatilityShares has submitted an application to US regulators to launch a leveraged ETF based on Solana futures. In response, Eric Balchunas, senior ETF analyst at Bloomberg, wrote on the X platform that if the Solana futures ETF is approved for launch, it may promote the listing of the spot Solana ETF.

▌The US spot Bitcoin ETF bought 511,314 bitcoins this year and currently holds 1.13 million bitcoins

According to HODL15Capital monitoring, the US spot Bitcoin ETF bought 511,314 bitcoins this year and currently holds 1.13 million bitcoins, accounting for 5.4% of all bitcoins.

▌El Salvador currently owns 6,000 bitcoins

According to Bitcoin Magazine's article on the X platform, El Salvador currently owns 6,000 bitcoins, worth more than $569 million.

Important economic dynamics

▌Analysis: The positive correlation between the South Korean stock index and the BTC price has been broken, and funds have shifted from the stock market to the crypto market

Since the beginning of this year, Asian stock markets have fluctuated under the background of a strong dollar. Some have achieved a bull market in stocks denominated in local currencies at the cost of exchange rate depreciation, while others have sacrificed part of the stock market's gains at a relatively stable exchange rate. Only South Korea is a special case. In terms of won, the Korean Composite Index KSOPI has fallen by 10.0% this year. After considering the decline of the won, the KSOPI denominated in US dollars has fallen by 18.9%, both of which are the weakest in Asia. From the perspective of capital flows, since the second half of this year, only institutions in South Korea have maintained a net purchase scale in the stock market, and the household sector has been continuously reducing purchases. Analysts believe that the money that Korean residents have taken out of the stock market has been used to "speculate in cryptocurrencies" to a large extent. Data from the Bank of Korea (BOK) show that as of November, the number of cryptocurrency investors in South Korea has reached 15.59 million, an increase of 610,000 from the previous month. Currently, 30% of the 51 million Korean citizens are speculating in cryptocurrencies. The average daily trading volume of the five major cryptocurrency exchanges in South Korea - UPbit, Bithumb, Coinone, Korbit, and GOPAX - jumped from 3.4 trillion won in October to 14.9 trillion won in November, an increase of more than four times. Koreans have always been keen on investing in cryptocurrencies. In the first bull market of cryptocurrencies in 2017, about 5% of the population participated; in the second bull market in 2021, 10% of the population participated; now this proportion has expanded to 30%. But historically, the South Korean stock index and the price of Bitcoin have been positively correlated overall, until October this year, when this positive correlation was completely broken. (Wall Street News)

Golden Encyclopedia

▌What is Ripple Labs' RLUSD stablecoin?

RLUSD is a stablecoin developed by Ripple Labs, the organization behind the XRP cryptocurrency. RLUSD, or Ripple Labs USD, aims to provide a stable digital currency for trading and transactions. As a stablecoin pegged to the US dollar, 1 RLUSD is equivalent to 1 US dollar. Each RLUSD maintains a 1:1 peg. These collateral assets are either US dollar deposits or cash equivalents.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment concept and be sure to increase risk awareness.