Binance will support the Polygon (MATIC) network upgrade and hard fork

On December 18th, per Onchain Lens data, the Bhutanese government staked 320 ETH via Figment. Before this development, Bhutan was migrating its national identity system from Polygon to Ethereum.

On December 18, on-chain analyst AI Auntie (@ai_9684xtpa) reported that three addresses believed to belong to the same whale entity have redeemed assets from Lido and Eigenlayer over the past 4 hours, then swapped those assets for ETH. The addresses subsequently transferred 7,653 ETH—valued at $21.62 million—to the same Binance deposit address. These ETH were accumulated at an average price of $2,476 between May 2023 and July 2025. If sold, the move would realize a profit of $2.668 million, though that profit has retraced nearly 69% from ETH’s peak value.

Binance Alpha will list RateX (RTX) on December 19, per an official announcement released December 18. Eligible users can claim the airdrop using Alpha Points on the Alpha Events page once trading goes live. More details will be shared soon.

**December 18 – Ray Dalio, billionaire and founder of Bridgewater Associates, announced yesterday he will match $250 in donations for every child in Connecticut.** Previously, Michael Dell and his wife donated $250 each to children under 10 via the "Trump Accounts" initiative. In response, Elon Musk noted the Dell family’s act was certainly generous—but argued there will be no poverty in the future, so saving money will be unnecessary. Musk has previously advocated for universal high incomes and firmly believes future AI and robotics will eliminate the need for human labor. Trump Accounts are a new child investment account established under the 2025 "Working Families Tax Cuts" Act signed by former President Donald Trump. The accounts aim to provide long-term savings and investment opportunities for U.S. children to build wealth.

CryptoQuant analyst @AxelAdlerJr noted in a post on December 18 that Bitcoin’s price has fallen below the average entry price for short-term holders—with the 30-day STH-SOPR (short-term holder Spent Output Profit Ratio) dropping to 0.98, per the chart. Two on-chain metrics signal rising selling pressure from new market entrants. Notably, the 30-day STH-SOPR tracks the average profitability of short-term holder selloffs: values above 1 mean profitable exits, while below 1 signals losses. The chart shows this moving average has fallen to the 0.98 level, meaning short-term holders are, on average, selling at a loss. A further drop in the metric would amplify selling pressure and trigger fresh local lows. Current sentiment leans heavily risk-averse toward short-term Bitcoin positions. Key reversal confirmation signals include: price moving above the actual STH entry price, and SOPR climbing back above 1.

On December 18, Reuters reported that Coinbase has named former UK Chancellor of the Exchequer George Osborne as chair of its internal advisory board, a move aimed at expanding its influence outside the U.S. Osborne served as UK Chancellor from 2010 to 2016, stepping down after the Brexit referendum. He currently holds several positions, including chair of the British Museum and partner at investment bank Robey Warshaw LLP.