Polymarket explained the hacking of user accounts, the SEC targeted a large network of crypto scammers, and Dragonfly assessed the impact of the asset tokenization trend on competition between Ethereum and Solana — these and other cryptocurrency news for the morning of December 25 in our review.
Behavior of cryptocurrencies — capitalization leaders
Bitcoin (BTC), according to TradingView, started Thursday with sideways movement. As of 07:21 (MSK), the cryptocurrency is trading at $87,769 (1 token in rubles — ₽6,930,731). The minimum Bitcoin price in 24 hours was $86,411, and the maximum was $87,956.
You can track the Bitcoin exchange rate in rubles via the link.
The second largest cryptocurrency, Ethereum, also started the day with sideways movement. At the time of writing this review, the coin is trading at $2,943 (1 token in rubles — ₽232,434).
In the top 10 cryptocurrencies by market capitalization, the best result over 24 hours is for Bitcoin (+0.52%), and for the week is for Ethereum (+3.73%). The largest losses over 24 hours are for Tron (-1.05%), and for seven days for Cardano (-1.43%).
In the top 100 cryptocurrencies by market capitalization, the best result over 24 hours (+18.87%) and a week (+42.40%) was recorded for Canton. Over the last 24 hours, Nexo has lost the most in price (-1.75%). The largest losses over the week were recorded for Aave (-15.66%).
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Main cryptocurrency news of the morning of December 25
Polymarket confirmed that some users lost funds due to a vulnerability in a third-party authentication provider.
Complaints began to appear on social media: people reported unauthorized access to their accounts and subsequent depletion of balances, even though their devices and email were in order. According to user reports, the problem affected those who registered through the Magic Labs service, which creates wallets and email access for newcomers without their own crypto wallets.
The company stated that the issue has already been resolved and there are no more risks. Polymarket does not disclose how many people were affected and how much was stolen. This is not the first similar incident on the platform: there have been previous cases of hacks through third-party login services and phishing attacks.
The SEC accused three "crypto exchanges" and four "investment clubs" of a major online fraud, through which victims allegedly lost over $14 million.
According to the regulator, the scheme operated from January 2024 to January 2025: people were lured by advertising on social media, invited to groups on WhatsApp, where "experts" provided advice and created the illusion of stable profits. Then participants were convinced to open accounts on fake trading platforms Morocoin, Berge, and Cirkor, and later, when attempting to withdraw money, they were connected to fictitious "investment tokens" and additional fees.
The SEC claims that no trading took place. The companies were fictitious, and money was transferred abroad through a chain of bank accounts and crypto wallets. At the same time, the regulator issued a warning to investors — scammers are increasingly using social media and group chats, so it is necessary to check any "investment advice" and the identities of its authors.
Dragonfly believes that in the race for asset tokenization, Ethereum and Solana will be able to coexist and develop in parallel rather than displacing each other.
According to the partner of the fund, Rob Hadik, with the growth of the on-chain economy and the transfer of real assets into tokens, one blockchain is simply not enough — several networks with different strengths are needed.
He noted that most economic activity and stablecoins are currently concentrated in the Ethereum ecosystem, while Solana is better suited for high-frequency trading due to its speed and throughput.
Recall that the BeInCrypto editorial team previously reported that whales are massively buying Ethereum.
