On December 20, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that two addresses tied to the same entity/institution purchased 5,678 ETH on-chain over the past hour. The average entry price was $2,985.7, with total spending hitting $16.95 million — kicking off a new swing trading round. Their last swing trade, executed between December 3 and 12, saw an investment of $14.97 million and netted a $137,000 profit.

On December 20th, per HyperInsight’s monitoring, a whale opened an ETH short position just 9 hours ago—utilizing 25x leverage to short 351.92 ETH (roughly $1.05 million). This marks one of 14 trades the whale has executed this month, with only one of those trades being profitable. The whale’s average entry price stands at $2,983.47, and the position is currently in a slight loss.

**Reuters: MicroStrategy May Be Dropped From MSCI, Major Indices; Could Lose $9B in Stock Demand** December 20 – MicroStrategy Inc (MSTR.O), the U.S. firm with heavy Bitcoin investments, could soon be removed from MSCI’s global benchmarks and other major stock indices, per Reuters. Analysts warn the move may erase up to $9 billion in stock demand for the company and dent the crypto-related sector’s overall appeal. In October, MSCI proposed excluding companies where digital asset holdings make up 50% or more of total assets, responding to client inquiries. The index provider argues such firms resemble investment funds—entities not included in its core index system. But crypto-linked companies push back, saying they are operational businesses focused on innovative product development, and label MSCI’s proposal unfair discrimination against the industry. Dozens of firms have added crypto tokens to their balance sheets in hopes of future gains, yet questions are mounting about the

December 20: BitMEX co-founder Arthur Hayes just withdrew 1.22 million ENA (worth approximately $257,600) from Binance, per Onchain Lens monitoring data.

December 20: Prediction markets again showed a strong tilt toward bets that Federal Reserve Board Governor Lael Brainard will be the next Fed Chair. Polymarket put her odds at 54%, while Kalshi had them at 51%. Jerome Powell and Kevin Warsh—both Trump nominees—are tied for second and third place in the odds.

Dec. 20 report from *The New York Times*: FTX founder Sam Bankman-Fried (SBF) has launched a new "gig" as a self-styled "legal advisor" behind bars. He has advised several people, including former Honduran President Juan Orlando Hernández and music producer Sean Combs. In an interview, SBF said he helps others in ways some swamped lawyers can’t. He noted federal defense standards are "shockingly low," adding he isn’t replacing lawyers—instead, the attorneys "weren’t doing much to begin with." Many lawyers have too many cases to give their clients proper attention, he claimed. SBF is currently serving time at a California federal prison, appealing his own conviction, and seeking a presidential pardon.