a16z transferred 276,000 COMP to Coinbase Prime 2 hours ago

On December 16, cryptocurrency exchange Gemini announced the official launch of its prediction market product, Gemini Predictions, across all 50 U.S. states. Offered by affiliate Gemini Titan, the service allows users to trade on real-world event outcomes with near-real-time execution and transparent settlement. The launch follows shortly after Gemini Titan secured a Designated Contract Market (DCM) license from the U.S. Commodity Futures Trading Commission (CFTC), qualifying it to legally offer prediction market products in the country. Gemini noted the prediction market rollout is the latest step in building its "one-stop super app." Beyond crypto trading, users can stake assets, earn rewards, trade tokenized stocks, and access the prediction market. This move aligns with the industry’s shift toward all-in-one platforms—exchanges like Coinbase and PancakeSwap are also accelerating their prediction market product launches. After years of regulatory uncertainty, the U.S. predi

On December 16, Binance Alpha has listed Magma Finance (MAGMA).

December 16 – Per data from Coinbob Popular Address Monitor, all top 50 addresses in BTC and ETH’s top holder profit rankings are in the bear camp. The two leading addresses by profit and short position size are **“Ultimate Bear”** and **“Hyperliquid’s Largest ZEC Short”**, each with over $10 million in unrealized gains. ### Key Short Positions: - **Ultimate Bear (BTC short):** ~$62.19M position size, average entry price $115,000, liquidation price $97,000, unrealized gain $18.17M. - **Hyperliquid’s Largest ZEC Short (ETH short):** ~$92.54M position size, average entry price $3,377, liquidation price $4,163, unrealized gain $14.20M. Bulls are nearly all in losses, with **“BTC OG Insider Whale”** (the top holder across BTC/ETH) posting a total unrealized loss of nearly $52 million. The second-largest long addresses are “pension-usdt.eth” and “CZ’s Counterparty.” ### Key Long Positions: - **BTC OG Insider Whale:** - ETH: ~$559M position, average entry $3,167, liquid

On December 16, the three major U.S. stock indexes traded lower in pre-market sessions: the Dow Jones Industrial Average (Dow) was down 0.09%, the S&P 500 slipped 0.16%, and the Nasdaq Composite fell 0.59%.

On December 16, Morgan Stanley released an analysis noting that gold is poised to sustain macro-level support as interest rate cut expectations persist and the U.S. Dollar Index weakens, with the potential to rise to $4,800 per ounce by the fourth quarter of 2026. “We believe gold faces upside risks due to central banks ramping up gold purchases, global growth concerns, and stablecoin companies increasing their gold holdings,” the firm stated. For silver, investment demand is likely to remain dominant, and low inventory levels could trigger a physical squeeze, according to Oriental Wealth.

On Dec. 16, Li Huayi, founder of Liquid Capital (formerly LD Capital), said in a social media post: “While Ethereum (ETH) fundamentals remain solid, market liquidity has dropped sharply since the Oct. 11 flash crash, with the futures market now dominating the spot market. Current volatility is within normal ranges, especially as we approach the 4-year cycle resonance and Christmas. For spot investors, however, it’s not about buying at the absolute bottom—but rather at the most appropriate investment price range. From a medium-to-long-term investment perspective, especially in the new era of on-chain finance, ETH is a core asset, with allocations to projects like WLFI as core holdings. Our investment and data logic remains consistent with our prior research reports.”