Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

December 18th: Per EmberCN monitoring, the "BTC OG Insider Whale" has not added to their position in the past two days, still holding an approximately $700 million long position. Amid ongoing market declines, the whale’s long positions are currently facing a combined $73.18 million unrealized loss, broken down as follows: - 191,000 ETH (~$540M) long: Entry price $3,167; Unrealized loss $64.28M; Liquidation price $2,083 - 1,000 BTC (~$86.15M) long: Entry price $91,506; Unrealized loss $5.35M - 250,000 SOL (~$30.83M) long: Entry price $137.5; Unrealized loss $3.55M

On December 18th, per OnchainLens monitoring, HYPE has dropped below $25. A whale holding a 5x leveraged long position on HYPE is now sitting on over $19.6 million in unrealized losses. To avoid liquidation, the whale has deposited an additional $2 million in USDC as collateral. The position’s current liquidation price stands at $20.65.

December 18 — WLFI’s latest community governance proposal is now open for voting. The proposal calls for using a portion of unlocked WLFI Treasury funds to incentivize faster adoption of its USD1 stablecoin. Over the past three weeks, WLFI has made several key moves: - Repurchased $10 million worth of WLFI using USD1 - Successfully listed key spot trading pairs on Binance - Drove rapid growth of USD1 across CeFi and DeFi platforms - Continued finalizing WLFI’s token unlock schedule The WLFI team says the proposal will fuel the next phase of growth plans, expanding USD1’s utility and partner network to boost economic activity across the entire WLFI ecosystem. WLFI emphasized that greater USD1 adoption will directly drive ecosystem expansion and deliver long-term value to the community. Voting is now live, giving community members the chance to participate in governance and share their feedback.

On December 18th, The Information reported that OpenAI is in talks to raise billions of dollars at a valuation of approximately $750 billion.

**SEC’s Peirce Seeks Input on Crypto Asset Trading Rules for Regulated Platforms** December 18 — On December 17, SEC Commissioner Hester Peirce released a statement alongside new FAQs from the Division of Trading and Markets, soliciting broad feedback on trading cryptographic (crypto) assets on National Securities Exchanges (NSEs) and Alternative Trading Systems (ATSs). The statement centers on trading and clearing arrangements for security and “security-non-security crypto asset” trading pairs. Peirce noted SEC staff are prepared to collaborate with market participants to enable compliant trading pairs on regulated platforms. She emphasized the market has a pressing need for clearer market structure rules to protect investors, maintain order, and avoid unnecessary regulatory burdens on innovation. Peirce specifically questioned whether 1998’s Regulation ATS and Regulation NMS are already outdated amid crypto assets and blockchain technology. Key feedback topics include: - Ho

On Wednesday, December 18, Coinbase announced the launch of a suite of new products and services, expanding its business to build an "Everything Exchange" that integrates crypto, stocks, derivatives, and asset tokenization. **Product Updates** On the product front, Coinbase will roll out stock trading in the U.S. market gradually, enabling "one wallet, one app" trading for both stocks and crypto. The platform highlights that users holding USDC will earn an approximate 3.5% annualized return—dubbed an "industry-leading reward structure." **Derivatives & Ecosystem Expansion** For derivatives and new markets, Coinbase is launching a prediction market where users can trade thousands of Kalshi contracts. It will also support futures and perpetual contracts (with specific limitations). Coinbase is deepening integration with the Solana ecosystem, letting users trade new tokens as soon as they list. **AI-Powered Tools** AI is another key focus: Coinbase is introducing "Coinbase