Proud to announce I'm playing one of the biggest and best festivals in the world @UntoldFestival and on the best stage ❤️ Shoutout to Tobias, Brent and the whole @TBV_ team 🫶 Uniting music and web3 under one roof 😍
Uniswap token holders approved the UNIfication proposal, enabling the protocol’s fee switch. After a two-day timelock, the protocol will initiate an immediate burn of 100M $UNI .
With the fee switch active, a portion of trading fees - previously earned entirely by liquidity providers - will now be routed to the protocol and burned on an ongoing basis, introducing a structural deflationary mechanism.
While DeFi protocols evolve their fee models, $BTC remains the benchmark asset with a fixed supply and no governance-driven monetary changes.
Starting July 1, 2026, Spain will fully implement MiCA crypto regulation. While rules tighten for centralized players, $BTC remains outside direct regulatory control due to its decentralized nature.
$BTC MVRV Z-Score Is Stuck Between Accumulation and Euphoria
The MVRV Z-Score remains a key on-chain metric for assessing Bitcoin’s macro valuation regime by comparing market value against realized value across cycles. Historically, deep deviations below the mean have aligned with bear market capitulation, while extreme positive deviations have marked periods of speculative excess near cycle tops.
Currently, the MVRV Z-Score sits in a mid-range zone, clearly above historical undervaluation levels but still below prior cycle peak extremes. This positioning indicates that $BTC is no longer in a deep accumulation phase, yet it has not entered the statistically overheated conditions typically associated with macro exhaustion. From a structural standpoint, this reflects a market operating in a mature valuation regime rather than at an inflection point.
Past cycles show that sustained bull trends often persist while the MVRV Z-Score remains elevated but contained, whereas prolonged failures to expand toward higher bands tend to coincide with consolidation or corrective phases. The present setup shows neither extreme distribution pressure nor clear signs of renewed valuation expansion.
From a macro-on-chain perspective, valuation alone provides limited directional insight at this stage. Continuation or reversal will likely depend on external factors such as liquidity conditions, capital inflows, and realized demand strength rather than further multiple expansion. In this environment, the MVRV Z-Score suggests balance rather than conviction, with increased sensitivity to macro drivers shaping the next phase of price action.
🐋 Crypto Whale Builds $243M Short Bet Across BTC, ETH, and SOL
A large crypto whale has significantly increased its bearish exposure, expanding leveraged short positions in $BTC , $ETH , and $SOL to a combined $243 million.
According to on-chain data, the whale opened new shorts after selling 255 BTC, signaling conviction that prices may face further downside. The largest position is in $BTC , where the whale now holds 1,899 BTC worth roughly $168 million, using 10x leverage.
The ETH short includes 18,527 ETH valued at around $56 million with 15x leverage, while the SOL position totals 151,209 SOL (≈ $19 million) at 20x leverage - the highest leverage among the three.
Rather than acting as a hedge, the scale and leverage suggest a high-conviction directional bet. Such positioning amplifies both potential profits and liquidation risk, especially in a market known for sudden volatility and sharp reversals.
While Bitcoin remains the dominant exposure, the inclusion of Ethereum and Solana points to expectations of broad market weakness, not isolated asset-specific pressure. High leverage on SOL may reflect concerns around network reliability, liquidity sensitivity, or sentiment fragility.
Large short positions like this often attract close market attention. If prices decline, forced liquidations from long positions could accelerate downside moves. However, a sharp rebound would expose the whale to rapid losses due to leverage.
For now, the positioning adds another layer of tension to the market, with traders watching closely whether this bearish bet proves timely - or becomes fuel for a squeeze.
Funds rotation heating up fast among $PUMP whale! Over $2M $PUMP Tokens stacked in just 5 minutes,
➝Wallet 99mRw3Ezd scooped $760K+ & transferred to a new wallet - Now holding $31M (USD) in $PUMP - ➝Wallet 2kfQuYG2F grabbed $758K+ and moved to separate wallet - Sitting on a massive $222M (USD) bag - ➝In the past 5mins, over $2M Pump tokens has been stacked.
Big money quietly accumulating, Maybe this is the signal we've been waiting for! Keep watching
🚨 Strategy CEO Phong Le says $BTC ’s market fundamentals “couldn’t be better” despite recent price declines. He argues that short-term price movements are less important than long-term factors such as adoption, institutional involvement, and market structure, and encourages investors to focus on the long-term outlook rather than short-term volatility.
In a recent analysis by investment management firm VanEck, the ongoing capitulation among $BTC miners may suggest that a market bottom is approaching. The report, published on December 23, 2025, highlights a recurring trend in which Bitcoin has historically experienced price surges following sustained declines in hashrate.
As $BTC miners face significant challenges due to current market prices, the analysis indicates that these capitulations could serve as a precursor to a recovery phase. The sustained drop in hashrate, often a sign of operational strain among miners, has historically been followed by upward price movements for $BTC . This pattern offers a glimmer of hope for those in the mining sector who are struggling to maintain profitability amidst fluctuating market conditions.
While the current environment poses challenges, the potential for a rebound could provide much-needed relief to miners who have been adversely affected by the recent downturn. As the market evolves, stakeholders will be closely monitoring these developments to gauge the implications for Bitcoin’s future trajectory.
The findings underscore the intricate relationship between mining activity and $BTC price dynamics, suggesting that the current miner capitulation may not only reflect immediate economic pressures but also signal a potential turning point for the cryptocurrency market. As the situation unfolds, the industry will be watching closely for signs of recovery in the coming months
While we’re battling the charts, Washington is finally doing its homework. 18 bipartisan lawmakers have backed the IRS into a corner regarding the absurd 2023 guidance.
The Problem: Currently, the taxman wants a cut twice - once when you receive rewards (as income) and again when you sell them (as capital gains). That’s not $BTC trading; that’s shearing the sheep twice.
Why Should We Care? This isn't just "paperwork." If the U.S. removes this tax noose, liquidity in PoS networks like $SOL and $ETH will skyrocket. It signals to institutions that staking is a legitimate, "clean" business, not a tax trap.
The Verdict: With the current administration pushing for the "Crypto Capital of the World," the IRS will likely have to bend. This is a massive long-term bullish signal for the entire PoS segment heading into 2026.
So, keep a close eye on the PARITY Act. If it passes, holding and staking become exponentially more profitable.
$SOL is trading around 122.9, showing a mild recovery after a recent dip. Price is consolidating in a tight range, holding above the 120 support, which suggests buyers are defending this zone. A clean break and hold above 124–126 could open the door for a short-term upside move, while losing 120 may bring another test of lower levels.
Big $BTC money is moving. Hong Kong’s regulator is preparing a framework to let insurance giants pour capital into crypto. This is institutional-grade liquidity preparing to hit the books.
The Breakdown: • Crypto Exposure: A 100% risk charge is proposed. High? Yes. But for an insurer, a clear rule is better than no rule. It turns "forbidden fruit" into a regulated asset class. • Stablecoin Arbitrage: Stablecoins regulated in HK will be treated like fiat. This is a massive win for local issuers and a hint that HKD-backed stables could become the new collateral standard in Asia. • Liquidity Bridges: The SFC is already allowing local exchanges to tap into global order books. Hong Kong isn't building a fenced garden; they are building a global gateway.
Insurers manage trillions. Even a 1% allocation shift would be a supply shock for $BTC and $ETH . Hong Kong is methodically building the infrastructure for the next cycle, while others are still debating what a token is.
$TIA dropped 1.88% in the last 24 hours, extending a steep 30% monthly decline as broader market capitulation, fading modular blockchain narratives, and pre-upgrade profit-taking weigh on price action.
Technically, $TIA remains pinned below its short- and medium-term moving averages with RSI hovering near oversold levels, suggesting sellers still control momentum, while failure to reclaim the $0.48–$0.49 zone keeps downside pressure toward the $0.43 swing low intact, even as anticipation around the upcoming Matcha upgrade offers longer-term optionality rather than immediate relief—will buyers step in to defend current levels, or does $TIA need one more flush before a meaningful trend reversal can begin?