BitMine has once again received 33,504 ETH from FalconX

On December 11, per monitoring from HyperInsight (Telegram: @HyperInsight), the "1011 Insider Whale" resumed buying activity as Ethereum dropped below $3,300. In the past 5 minutes, the whale has accumulated an additional 19,109 ETH. Their current 5x leveraged ETH long position totals 120,094 ETH—roughly $3.92 billion. The whale holds an unrealized profit of $12.32 million (+13.55%), with an entry price of $3,177 and a liquidation price as low as $2,234.

On December 11, blockchain analytics firm Onchain Lens reported that a new wallet address received an additional 300 BTC from Galaxy Digital three hours ago, valued at roughly $27.6 million. Currently, the wallet holds a total of 1,200 BTC, with an aggregate value of approximately $110.47 million.

Update: On December 11, Ethereum fell below $3,300 and is now trading at $3,295, per HTX market data.

December 11 — Per a The Hill report, senators are working to hash out key differences in crypto regulation legislation in the final weeks of this year’s legislative session, aiming to advance the bill out of committee after months of negotiations. While Democrats still seek changes to the draft and lawmakers are just days from leaving for the holidays, Republicans are still pushing to revise the crypto market structure bill next week. An industry insider close to the market structure bill process said: “Time is running out. Realistically, we have about 48 hours to gauge whether this bill will move forward next week.” Crypto legislation’s top advocate, Sen. Cynthia Lummis (R-Wyo.), said Tuesday her goal is to release an updated draft—what she calls “our best work so far”—by this weekend’s end, then revise the bill next week. Speaking at the Blockchain Association’s policy summit, she added: “I think we’re at the point where it’s better to put out a proposal, amend it next week, th

**Fed Cuts Rates 25bps for Third Consecutive Meeting; Hints at Pause Amid Internal Divisions** The Federal Reserve announced a 25-basis-point rate cut early Dec 11 Beijing time (3:00 AM) as scheduled, lowering its benchmark interest rate to a range of 3.50%-3.75%. This marks the third consecutive cut, with a cumulative 75bps reduction so far this year—aligning with market expectations. The Fed’s dot plot forecast projects 25bps rate cuts in both 2026 and 2027. Wall Street Journal reporter Nick Timiraos, often dubbed the “Fed Whisperer,” noted in his latest article that while officials delivered the third cut, they face significant concerns over inflation and the labor market, plus unusual internal divisions. As a result, policymakers have hinted at a lack of willingness to continue cutting rates. Fed Chair Jerome Powell said in his speech that the labor market is gradually cooling, while inflation remains slightly elevated with upside risks. September labor data showed a sl

On December 11th, per Onchain Lens monitoring, the U.S. government transferred 1,934 WUSDT (valued at roughly $6.43 million) and 13.58 million BUSD from assets seized from FTX Alameda to a new wallet address.