According to a report by Cointelegraph, River data shows that 14 of the top 25 banks in the United States are building Bitcoin-related products for their clients.

According to OnchainLens monitoring, a whale address purchased a total of 4,599 Ethereum (ETH) in the past 24 hours, with a total value of approximately $13.2 million. This includes 2,249 ETH (worth $6.54 million) newly purchased from the HyperLiquid and Lighter platforms. Simultaneously, the whale further increased its short ETH position by 20x on these two platforms.

Huoxun Finance News, December 19th - According to CryptoQuant analyst MorenoDV_, a Bitcoin valuation reset is underway. The relationship between market valuation and on-chain economic activity can be assessed by observing the Bitcoin NVT golden cross indicator (smoothed by a 100-day moving average). NVT is considered Bitcoin's price-to-earnings ratio, where trading volume substitutes for earnings, answering the question of whether network market capitalization matches actual economic activity. Currently, the NVT golden cross indicator shows that short-term NVT is significantly lower than the long-term trend, indicating a discount to Bitcoin's market value relative to on-chain activity. Historically, when the indicator deviates deeply from its long-term trend, it typically reflects weak market sentiment and structural undervaluation of the network. In this cycle, the indicator fell to a historical low of -0.58 and has since recovered to approximately -0.32, showing that the price is gradually realigning with trading-driven fundamentals, but remains within a conservative valuation range. This phenomenon typically occurs during deleveraging and risk aversion phases, followed by a market accumulation period that drives healthier price discovery. The market is currently transitioning from deep undervaluation to equilibrium, with increased fund selectivity, which may indicate structural improvements and long-term opportunities in the crypto market.

According to a report by Ming Pao, a Hong Kong media outlet, the Hong Kong District Court today sentenced two 18-year-old youths to a reformatory for committing a HK$2 million USDT fraud. The case revealed that in November last year, a victim went to a money exchange in Tsim Sha Tsui to purchase over HK$2 million worth of USDT. Following instructions, the victim handed the cash to two defendants, who then placed it in the store's safe. After repeatedly inquiring about receiving the USDT and still not receiving it, the victim requested a refund, only to find the cash missing. The investigation revealed that the safe was separated from a nearby shop by only a black sheet of paper, creating a hidden passage for easy cash withdrawal. The two defendants were arrested while attempting to escape through the passage. Judge Cheng Nian-chi stated that although the two defendants were not the masterminds, they played an indispensable role as pawns in the fraud, involving a large sum of money and clearly premeditated. Considering that both were only 18 years old at the time of the crime and had no prior criminal record, a reformatory was more conducive to their rehabilitation than direct imprisonment.

According to The Data Nerd, two hours ago, a new address withdrew 3,500 ETH (approximately $10.23 million), 2,135 BNB (approximately $1.79 million), and 3.74 million USDT from Binance and Bybit, with a total asset value of approximately $12.02 million.