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ETH has just dropped below 3,200 USD, currently trading at 3,198.55 USD.

On December 12, despite falling below 3,200 USD, ETH still recorded a 24-hour increase of 0.61%.

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ETH price dropped below 3,200 USD.

Current level: 3,198.55 USD.

24-hour increase: 0.61%.

Current ETH Price

ETH is at 3,198.55 USD, up 0.61% in 24 hours, after falling below 3,200 USD.

The price is currently about 1.45 USD lower than the threshold of 3,200 USD. Despite falling below this threshold, the 24-hour performance remains positive, indicating that the current day's gains outweigh the losses compared to the 3,200 USD threshold.

Interactive Brokers has supported funding brokerage accounts with stablecoins, allowing customers to transfer stablecoins directly into their trading accounts.

The move appeared on 12/12, indicating that traditional brokers continue to expand the deposit and withdrawal channels associated with cryptocurrencies, according to reports from Solid Intel.

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Interactive Brokers allows the deposit of stablecoins into brokerage accounts.

Information was recorded on 12/12.

HKMA warns of the emergence of websites impersonating this agency, enticing users to trade in cryptocurrency/CBDC and demanding tax payments before withdrawals; all such requests are fraudulent.

On December 12, the Hong Kong Monetary Authority (HKMA) issued a notice to combat fraud after receiving numerous public complaints about websites using the HKMA logo to scam.

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Imitation HKMA website promotes cryptocurrency/CBDC trading.

CFTC withdraws the 28-day 'actual delivery' guidance for cryptocurrency, removing a major barrier and paving the way for regulated leveraged products under the Commodity Exchange Act (CEA).

This move aims to move cryptocurrency transactions away from offshore exchanges, increase oversight in the United States, and normalize BTC/ETH as traditional commodities within a technology-neutral regulatory framework.

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CFTC officially withdraws the 28-day 'actual delivery' guidance for cryptocurrency.

Spot silver hit a new all-time high of 64.56 USD/ounce, up 1.58% on 12/12.

During the session, the price jumped another 1 USD, consolidating the upward trend and setting a new all-time high as of 12/12.

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New peak: 64.56 USD/ounce.

Intraday volatility: +1 USD.

Increase in the day: +1.58% (12/12).

Current price and increase

Spot silver reached 64.56 USD/ounce, up 1.58% on 12/12.

During the session, the price increased by another 1 USD before hitting the historical peak of 64.56 USD/ounce. This trend indicates that the upward momentum continues, leading spot silver to establish a new record high on 12/12.

Do Kwon, co-founder of Terraform Labs, has been sentenced to 15 years in federal prison in Manhattan for defrauding investors after the collapse of the 40 billion USD TerraUSD/LUNA system.

The verdict was confirmed by several major firms after Kwon pleaded guilty in August. The prosecution recommended 12 years, but the court imposed a 15-year sentence due to 'extraordinary financial and human damages.' Kwon must also forfeit over 19 million USD.

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Ranger Finance announces it will issue the Ranger token on MetaDAO with the goal of raising 6 million USD, but there is currently no confirmation from an official source.

The statement made at Solana Breakpoint has sparked debate in the crypto community, due to the lack of evidence from primary channels and no confirmation about the existence or release schedule of the Ranger token.

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Ranger Finance says it will raise 6 million USD through MetaDAO for the Ranger token issuance.

China: Total social financing (TSF) at the end of November reached 440.07 trillion CNY, an increase of 8.5% year-on-year.

Data released by the People's Bank of China on 12/12 shows that government bonds and RMB credit are the main drivers, reflecting continued expansion of public leverage and money supply.

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TSF 440.07 trillion CNY, +8.5% YoY.

Government bonds 94.24 trillion, +18.8% YoY.

M2 336.99 trillion, +8% YoY; M1 4.9%.

Solana decreased by 27% since the beginning of the year, the worst performance among the top 5 by market cap, triggering 'capitulation' as investors realize losses.

Q4 is about to close with the overall market cap still weak, but the Solana ecosystem is pivoting towards RWA and attracting on-chain users, maintaining FOMO despite the technicals still being negative.

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SOL decreased by 27% YTD, in contrast BNB increased by 27%, signaling the weakest year since 2022.

The Net Realized Profit/Loss indicator has turned deep red, indicating capitulation of HODLers.

Selling pressure for BTC on exchanges has decreased significantly, reinforcing the recovery trend and opening up the possibility of testing 98,700 USD along with the range of 102,000–112,700 USD.

Investors are reducing their BTC deposits on exchanges, while the macro environment and expectations regarding Fed policy continue to shape sentiment. On-chain data reinforces a cautious recovery scenario.

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Total BTC volume on exchanges has dropped from 88,000 to 21,000 BTC, signaling a cooling of selling pressure.

Do Kwon, the founder of Terra, was sentenced to 15 years in federal prison in the U.S. after the collapse of TerraUSD in May 2022, which caused turmoil in the crypto market.

The verdict was delivered after the court heard testimonies from many victims who lost all their savings, homes, and businesses, emphasizing the extent of financial damage and the social impact of the incident.

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Do Kwon was sentenced to 15 years in federal prison in the U.S., harsher than the prosecution's recommendation.

Hyperliquid recorded OI reaching $7.73 billion; the address 1011 Insider Whale holds 7.94% of total OI, becoming a prominent factor in the leverage increase in the cryptocurrency derivatives market.

OI has increased for 7 consecutive days, peaking since 11/20. After the market bottomed on 11/21, leverage continued to rise, and OI followed the K-line trend, indicating a high concentration level on Hyperliquid.

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Hyperliquid OI $7.73 billion; 1011 Insider Whale holds 7.94%.

Bitcoin continues to fail before 94,000 USD as stablecoin inflows into exchanges decrease by 50% since August, weakening demand and hindering price breakout.

Despite bouncing from 84,000 USD in the past three weeks, the larger time frame trend of Bitcoin still leans bearish. On-chain data emphasizes that short-term holders are experiencing deep losses and prioritize 'sell on the bounce', undermining recovery efforts.

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Stablecoin inflows into exchanges decreased by 50% since August, slowing the demand flow for Bitcoin.

China Construction Bank locked the account in a non-receiving, non-sending state after the user noted Dogecoin in a transfer of 250 yuan, triggering cryptocurrency risk monitoring.

China News Weekly reported the case of a couple transferring pocket money between two CCB accounts, which was called for verification of their relationship and the content of the notes. Branch staff stated that accounts involved in suspected cryptocurrency transactions would be monitored.

AVAX fell 9% after breaking out of the descending wedge pattern, with the Stochastic RSI moving out of the overbought zone, indicating that the upward momentum is weakening and signs of buyer exhaustion.

In parallel, the Avalanche Foundation established the DLT Foundation in ADGM to promote transparency and token adoption in the Middle East, which could support long-term demand for the Avalanche ecosystem.

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AVAX slides 9%; Stochastic RSI moves out of the overbought zone, upward momentum weakens.

DLT Foundation in ADGM aims to increase transparency and promote token adoption in the Middle East.

CBOE BZX has approved the listing of 21Shares XRP ETF (TOXR), marking a significant step in bringing XRP into the institutional arena in the US.

This move adds to the wave of spot XRP ETFs, increasing competition among issuers and accelerating large-scale capital flows into compliant products.

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21Shares XRP ETF (TOXR) has been approved for listing by CBOE BZX, bringing the total number of spot XRP funds in the US to five.

The funding fee of 0.3% per year, calculated daily and paid in XRP weekly, is a significant cost advantage.

The U.S. Congress urges the SEC to allow Bitcoin and cryptocurrencies in the 401(k) investment portfolio, through an update of the rules to consider digital assets as an equivalent asset class.

On December 11, members of the House Financial Services Committee sent a letter to SEC Chairman Paul Atkins, proposing to expand retirement investment options and fix the outdated, overly restrictive rules currently in place.

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Call on the SEC to allow digital assets in 401(k) options.

American Bitcoin (ABTC) increased reserves to 4,783 BTC just as the stock fell over 62% in a month, highlighting the 'Bitcoin infrastructure backbone' strategy and transparency through the SPS index.

ABTC stock on NASDAQ plunged, trading around $1.85 after losing 4.90% in 24 hours, but internal reports indicate a push to accumulate BTC. The company emphasizes SPS to reflect indirect BTC ownership for shareholders.

YouTube integrates PayPal's stablecoin PYUSD to pay American creators, helping to shorten payment times and expand financial options.

This move marks a significant advance for stablecoins in major digital platforms, showing that crypto is increasingly playing a practical role in the payment model for creators.

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YouTube allows American creators to receive payments in the stablecoin PYUSD.

Faster payments improve cash flow for creators.

Binance expands support for the USD1 stablecoin by listing additional trading pairs for ETH, SOL, and BNB, while converting all BUSD collateral to USD1.

This move increases the integration level of USD1 in the Binance ecosystem, occurring as the stablecoin tied to the Trump family maintains a market capitalization of billions of USD and interest from institutional investors.

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Binance adds free trading pairs for USD1 and converts BUSD to USD1 at a 1:1 ratio.