#CryptoNewss MARKET BRIEF – THURSDAY 25/12
The market enters the Christmas holiday with a subdued state. US stocks hit a new peak, while BTC still hovers around $87K, altcoins lack recovery strength – clearly, the money flow is standing outside observing.
⏰ Macroeconomics
US unemployment claims: 214K, lower than the forecast of 220K
→ The labor market is still strong, the Fed finds it hard to pivot quickly.
📝 ETF Spot (24/12)
BTC ETF: -83.9M USD (7 organizations sold, BlackRock has not announced yet)
ETH ETF: -30.5M USD (Grayscale sold -33.8M)
SOL ETF: +1.5M USD
→ ETFs have not returned, crypto liquidity continues to be thin.
🌍 Legal & Industry
EU 🇪🇺: bringing crypto into the tax system, requiring data reporting from 1/1/2026
Hong Kong 🇭🇰: tightening brokerage & custody licenses for crypto
Philippines 🇵🇭: blocking Coinbase, Gemini after Binance
→ General trend: tightening regulation, conditional legalization.
🏦 Institutional Money Flow
Binance lists KGST – the first national stablecoin (pegged to KGS)
ARB continues to test the bottom despite Offchain Labs' buyback as planned.
Trend Research accumulates 46,379 ETH (~$137M), total 580,000 ETH (~$1.72B) → TOP3 ETH holder.
Multicoin Capital is said to have accumulated 60M WLD (~$30M) from the team.
Quick conclusion:
Low liquidity – ETFs net selling – holiday sentiment. However, large money flows are still quietly accumulating. This phase prioritizes patience and risk management.
