Long-dormant ETH wallet and major BTC holders move funds before Fed meeting

Bitcoin whales have reported realizing $386 million in losses in a single day, underscoring the heightened volatility and economic uncertainty currently affecting the cryptocurrency market. This significant loss reflects broader trends in the market, where fluctuations in Bitcoin's value have led to substantial financial impacts for large holders.

Bitcoin's price has shown signs of recovery, reaching approximately $92,000, but significant investors, known as whales, are closing long positions, indicating a potential bearish sentiment despite the recent uptick. This trend raises concerns about the sustainability of the price increase and the overall market stability.

HIVE has made history by becoming the first Bitcoin and AI infrastructure firm to list on Colombia's BVC, marking a significant expansion of its presence in the Latin American market. This listing is a pivotal step for the company as it seeks to tap into the growing interest in cryptocurrency and AI technologies in the region.

Jupiter is set to launch its JupUSD stablecoin next week, a move anticipated to enhance decentralized finance (DeFi) activities on the Solana blockchain. This launch is expected to drive increased adoption and innovation within the Solana ecosystem, which has been gaining traction in the cryptocurrency market.

Revolut has integrated with Trust Wallet to enable users in the European Economic Area (EEA) to purchase cryptocurrencies such as BTC, ETH, SOL, USDC, and USDT directly into self-custody wallets, with options for zero fees under the Markets in Crypto-Assets (MiCA) regulation. This integration aims to simplify the buying process for users seeking to manage their digital assets independently.

Gemini's stock surged in premarket trading following the approval of a license for prediction markets by the Commodity Futures Trading Commission (CFTC). This regulatory green light allows Gemini to expand its offerings in the U.S. market, potentially attracting more investors and diversifying its trading options.

Jupiter has acquired Rain.fi, a strategic move aimed at enhancing its credit market growth as the value of its token, JUP, remains near record lows. This acquisition is expected to revitalize Jupiter's ecosystem and improve its market position amidst ongoing challenges in the cryptocurrency sector.

On December 10, BlackRock's IBIT led a significant inflow of $224 million into Bitcoin spot ETFs, indicating a growing investor confidence in cryptocurrency despite ongoing market volatility. This influx reflects a broader trend of institutional interest in Bitcoin as a viable investment vehicle.