CZ: The four-year Bitcoin cycle may have become obsolete, or we may be heading towards a "supercycle".

On December 11, Binance announced in an official statement that it has completed integrating Kava (KAVA) onto the Binance Smart Chain (BSC) network and activated deposit and withdrawal services for the token.

December 11: Per LookOnChain monitoring data, the ETH long position tied to "Big Brother Whale" (Huang Licheng's address) was liquidated at $3,185.7 amid the recent market dip. A total of 1,800 ETH (roughly $5.73 million) was liquidated. He currently holds a 7,200 ETH long position (≈$22.93 million) with 25x leverage, incurring a floating loss of $540,000.

December 11 Kyrgyzstan officially greenlit the pilot rollout of its central bank digital currency (CBDC) “Digital Som” system on October 25 this year. Chinese tech services firm Sign successfully secured the project development contract and is actively engaged in the initiative. Sign’s edge in fierce international competition stems from its “SignStack” full-stack solution, which tackles Kyrgyzstan’s digital transformation paradox: balancing “sovereign independence” and “international interconnectedness.” The solution builds a digital financial infrastructure that upholds national sovereignty and features modern compliance capabilities. Beyond creating more secure, efficient funding channels than traditional systems, Sign’s collaboration with Kyrgyzstan also offers a replicable “Central Asian model” for deeper integration between the two nations in the digital economy era.

Per an official announcement, Bithumb will list the STABLE/KRW trading pair on December 11.

On December 11, official sources confirmed that Binance Alpha has announced it will be the first platform to list BeatSwap (BTX). Eligible users may visit the Alpha event page once Alpha trading goes live to claim the airdrop using Binance Alpha points. Additional details will be released separately.

December 11 — Per monitoring from HyperInsight, as Ethereum fell below $3,200, the 5x leveraged long position of the “1011 Insider Whale” (holding 120,094 ETH, ~$383 million) is now in a loss position, currently down $200,000. The position briefly hit a $16.8 million profit yesterday, but the whale has since been continuously adding to the position to lower its average entry price. Its current cost basis stands at $3,177.89.