Greg Cipolaro, Head of Research at New York Digital Investment Group, stated that stock tokenization has limited impact on the crypto market in the short term, but as it becomes integrated into blockchain, the benefits will increase in the future, mainly reflected in trading fees and enhanced network effects.

NYDIG Global Research Director Greg Cipolaro pointed out in the report that stock tokenization will gradually bring benefits to the crypto market, mainly through trading fees. As asset integration and technology mature, tokenized assets may become part of the decentralized finance ecosystem, but this will require time and good infrastructure support.

According to on-chain analyst Yu Yan's data, a whale holding a $230 million long position experienced an unrealized loss of $17.1 million after a dip in the early morning. The total position is currently $666 million, with long positions in ETH, BTC, and SOL all in an unrealized loss state.

Gate News bot message, Gate market display, ETH falls below 3050 USDT, current price 3047.19 USDT.

BlockBeats News, December 12 — BitMine Chairman Tom Lee recently stated that the Strategy company of Bitcoin encrypted treasury (DAT) establishing a $1.4 billion cash reserve is a "wise move." Although Strategy's stock price has fallen more than 50% over the past six months, this cash reserve will enable the company to continue paying shareholder dividends during Bitcoin price declines without selling its $61 billion Bitcoin holdings. Tom Lee pointed out that during the previous Bitcoin downturn cycle, Strategy's stock trading price was below its net asset value (NAV), and building a cash reserve was precisely to prepare for such situations. As the largest ETH treasury company holding over $12 billion worth of Ethereum, BitMine has not yet built

Gate News bot 消息，Gate 行情显示，ETH 跌破 3150 USDT，现价 3149.51 USDT。

Gate News bot message, Gate market display, ETH drops below 3200 USDT, current price 3199.69 USDT.

BlockBeats 消息，12 月 12 日，去中心化衍生品协议 Synthetix 宣布将于 12 月 17 日回归以太坊主网。Synthetix 流动性提供商（SLP）将同期上线，SLP 访问权限将采用白名单制度，并计划尽快向所有用户开放。

The 171st Ethereum Consensus Layer core developer meeting discussed retaining trustless payments as part of the Glamsterdam upgrade and removing the mandatory inclusion list for fork choice. The Fusaka upgrade has been successfully launched, and the network is stable. The meeting also discussed multiple proposals and plans to schedule the Heka upgrade in January next year.

In the Ethereum (ETH) market, large-scale withdrawals from staking continue, with approximately 400,000 ETH (about $1.3 billion) returning to the market over the past 20 days. Although ETH prices fell by 2.8% during the day to $3,227 as of the 11th, they have maintained a weekly increase of 3.1%. However, macro uncertainty and staking outflows remain a drag on the price, and the market continues to lack a clear direction. Meanwhile, one of the world's largest Ethereum holding companies, BitMine, is accelerating its buybacks. Founder Tom Lee has called the fall below $3,000 a "bottoming signal," and last week alone, purchased 138,452 ETH (about $460 million). As a result, BitMine's total holdings have risen to approximately 3,864,000 ETH (3.2% of the total supply), further strengthening its presence as a DAT company.

On Thursday, the US stock market retreated, with Oracle's stock price plunging over 11%, marking the largest drop in nearly a year. The market is once again worried that the rapid growth of artificial intelligence (AI)-related capital expenditures, which far exceeds actual returns, could put pressure on the balance sheets of tech giants. In contrast, the cryptocurrency market performed relatively stably, forming a mild decoupling from the weak performance of tech stocks. Data shows that Bitcoin (BTC) has rebounded above $92,000, maintaining a slight upward trend after holding onto key support levels, rising approximately 2.6% for the day. Traders are more focused on the maintenance of trend structure, with capital flowing into large-cap assets and risk appetite remaining cautious. Ethereum (ETH) also rose to around $3,260, while SOL increased by over 6%, outperforming mainstream assets and indicating a market recovery in demand for high-volatility Layer-1 tokens.

BlockBeats News, December 12 – Liquid Capital (formerly LD Capital) founder Yilihua posted on social media, expressing continued strong optimism for Ethereum. The reasons are as follows: First, the Wall Street consensus is strengthening: the SEC Chair's latest statement that "financial migration to the chain" is underway, with U.S. political and economic elites working together to promote the tokenization of U.S. debt, with Ethereum as the core platform. Second, Fusaka's upgrade reshapes value: Blob fees have surged dramatically, with over 1500 tokens burned in a single day.

PANews December 12 News, according to hyperbot data, Huang Licheng has just increased his ETH long position. The current position size has reached 8,000 ETH (worth approximately $26.05 million), an increase of 1,100 ETH from the initial operation of 6,900 ETH nine minutes ago. The current average opening price is $3,243.53, with an unrealized profit of about $114,100.

Blockchain analytics firm Global Ledger's latest investigation shows that the Russian cryptocurrency exchange Garantex, which was placed under sanctions by the West, is resuming operations and continues to process funds through a hidden payment architecture. Despite its servers being previously seized and its business being targeted by the international community, on-chain evidence indicates that the platform has quietly restarted recently and has transferred tens of millions of dollars in assets to users. The investigation found that researchers tracked multiple new wallets associated with Garantex on the Bitcoin and Ethereum networks, holding a total of over $34 million in cryptocurrency, with at least $25 million already paid to former users. The flow of funds also reveals how they evade monitoring: Garantex uses mixing tools like Tornado Cash to obfuscate reserves, then jumps across networks via cross-chain bridges between Ethereum, Optimism, Arbitrum, and others, ultimately consolidating into an aggregation wallet before transferring out to multiple payment accounts.

The overall cryptocurrency market slightly increased, with Layer2 rising 1.66%. Merlin Chain increased by 4.99%, Bitcoin rose 1.37% to 92,000, and Ethereum in the US slightly declined. Other sectors such as Meme, Layer1, and DeFi all saw gains, with Zcash surging by 17.85%.

According to PANews, a whale has increased its ETH long position in a short period, now holding 140,094.5238 ETH, worth approximately $453 million. At the same time, the whale has opened new SOL and BTC long positions, with a total holding size reaching $556 million and an unrealized profit of $9.3 million.

Gate News bot 消息，Gate 行情显示，ETH 跌破 3150 USDT，现价 3149.7 USDT。

BlockBeats News, December 11 — Ethereum treasury company BitMine Chairman Tom Lee stated in the latest podcast Altcoin Daily that the current price of Ethereum reflects not what happened today, but the future. So don’t expect it to rise every day; you need to bet on the "super cycle." Tom Lee believes that the biggest misconception is: even if you discount the future EQM to $5,000 or even $3,000, the end price of Ethereum ten years from now could still be $100,000. "This small difference today is just a tiny fluctuation in the discount rate." But everyone wants instant gratification — press the buy button and make money the next day; if it doesn’t rise, "this coin is a scam." They think they can press the button 1,000 times and win 1,005 times, but in reality, no one can do that.

This article summarizes cryptocurrency news as of December 11, 2025, including the latest Bitcoin updates, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include: 1. If SpaceX goes public next year with a valuation of $1.5 trillion, Elon Musk is expected to become the world's first "trillionaire." 2. Payment giant Stripe acquires the Valora wallet team to expand its stablecoin services. 3. The US OCC warns Wall Street about the "de-banking" issues in the digital asset industry, stating that such practices are "illegal."

The Federal Reserve cut interest rates by 25 basis points as scheduled, and the market reacted quickly, with Ethereum emerging as the biggest winner. Although Bitcoin hovered around $92,000, ETH successfully held its pre-meeting gains above $3,300, highlighting its sensitivity to liquidity cycles. This round of gains was not driven by leverage but by a structural reevaluation fueled by spot demand. CryptoQuant data shows that despite ETH prices rising, the funding rates in the derivatives market remain low, indicating that the typical high-leverage bubbles associated with upward movements have not appeared. On-chain data also supports this trend. Santiment reports that in the three weeks leading up to the Federal Reserve meeting, "whales" and "sharks" accumulated approximately 1 million ETH, worth over $3.1 billion. This suggests that institutions were betting early on a continued easing cycle by the Fed rather than aggressive tightening. Meanwhile, the approximately $66.5 billion in stablecoin reserves (dry powder) on exchanges provides strong potential buying pressure for the rally.

Ethereum (ETH) continues to rise driven by whale accumulation, the flow back of spot ETF funds, and an improvement in market risk appetite. The market is now focusing on whether the end-of-year rally can break through the $4,000 resistance level. As the Federal Reserve policy decision approaches, traders are closely watching macroeconomic conditions and on-chain indicators to assess whether the rally can continue. Recent market data shows that before the FOMC meeting, overall sentiment in the crypto market has improved, with Ethereum outperforming Bitcoin and other mainstream cryptocurrencies. Analysts point out that the price increase is mainly driven by large investors and institutional buying. US spot Ethereum ETFs have seen a rebound in capital inflows this week, reflecting growing institutional interest.

Led by Tom Lee, co-founder of Fundstrat, Ethereum vault company BitMine has once again increased its bet on Ethereum. According to Arkham data cited by EmberCN, BitMine purchased 33,504 ETH through FalconX on Wednesday, with a total value of approximately $112 million. Although the company has not officially confirmed the transaction, its recent accumulation pace aligns with its established strategy. BitMine is one of the world's largest Ethereum vault institutions. This year, it has continued to expand its holdings and reaffirmed its long-term goal — holding 5% of the total ETH supply. According to its latest 8-K filing, as of December 7, BitMine held 3,864,951 ETH, 193 BTC, $1 billion in cash, and $36 million in Eightco Holding shares (the company associated with the Worldcoin WLD token).

Thursday, the entire cryptocurrency market continued its correction trend, with Bitcoin falling to around $90,000, erasing most of Tuesday's rebound gains. Despite the Federal Reserve's expected rate cut and resumption of government bond purchases, market risk appetite failed to persist, and major cryptocurrencies generally came under pressure. Bitcoin's latest trading price is approximately $90,250, down 2.4% over 24 hours. Ethereum fell 3.4% to $3,208, Solana dropped 5.8%, and Dogecoin retraced 5.5%. Market data shows that most large-cap tokens have turned negative in seven-day returns, with XRP down 8.6%, Cardano down 7.2%, and BNB down 5.9%.

In the past 24 hours, the cryptocurrency market experienced the largest leverage liquidation in weeks, with a total of $514 million in positions forcibly closed, including $376 million in long positions, nearly three times the short positions. Data shows that after consecutive days of gains, market sentiment became overly bullish, making this correction particularly fierce. Over 155,000 traders were liquidated, with the largest single liquidation being Bitcoin perpetual contracts worth $23.18 million on Hyperliquid. Platforms like Hyperliquid became the main centers of this volatility, with liquidations from three exchanges accounting for approximately 72% of the total liquidation volume. Among them, mainstream CEX liquidations reached $144.6 million, with 76% in long positions; Hyperliquid liquidated $115.8 million, with 83% in long positions; another exchange saw $109.3 million liquidated, with 72% in long positions.

Gate News Bot Message, December 11th, according to CoinMarketCap data, as of press time, ETH (Ethereum) is currently trading at $3,207.13, down 3.51% in the past 24 hours, with a high of $3,446.62 and a low of $2,930.65. The 24-hour trading volume reaches $34.929 billion. The current market capitalization is approximately $387.085 billion, down $14.096 billion from yesterday. Ethereum is a leading platform for innovative applications and blockchain networks. As the largest and most active developer community within the Web3 ecosystem, Ethereum supports multiple programming languages such as JavaScript and Python, as well as smart contract languages like Solidity and Vyper. Currently, the DeFi ecosystem has a total value locked (TVL) of approximately $142.8 billion.

Foresight News reported that the Ethereum Foundation tweeted that BPO-1 has been activated, increasing the blob capacity of each block to 15 and adding L2 space without a hard fork. BPO-2 is scheduled to launch in January , further increasing capacity at that time.

ChainCatcher message shows that the “pension-usdt.eth” whale closed over $64 million USD worth of BTC long positions today, with a profit of approximately $560,000 USD. In the past week, this address has accumulated a profit of $7.12 million USD, and over the past 30 days, it has gained more than $23 million USD.