Binance CEO: Global Crypto Adoption is Accelerating, Crypto User Base Grows from 170 Million to 300 Million in Just One Year

On December 26th, Glassnode co-founder Negentropic published a post highlighting positive shifts in Bitcoin’s current price structure. Recent pullbacks continue to attract buying support, with prior lows holding firm—signaling a constructive overall market trend. A key structural change is that the derivative “deleveraging effect” has largely dissipated. Following the settlement of Bitcoin’s largest-ever options expiration (notional volume ~$23.6 billion), the price suppression driven by hedging activity in recent weeks is ending. Negentropic noted that before the options expiry, market uptrends were often suppressed by mechanical hedging—not genuine supply and demand dynamics. As relevant funds exited the market, BTC is no longer “pinned,” and the price structure is expected to revert to market-driven forces. The price discovery mechanism will return, with upward bias gradually strengthening. From a macro perspective, he emphasized the liquidity environment remains improving.

On December 26, Dutch lender ABN AMRO scored a key win in the digital asset sector. Its German subsidiary Hauck Aufh?user Digital Custody has been authorized under the EU’s **Markets in Crypto-Assets Regulation (MiCAR)**, making it one of the first approved firms to offer crypto asset custody and trading services to institutional clients under the bloc’s unified regulatory framework. MiCAR took effect on December 30, 2024. Approved by Germany’s financial watchdog BaFin, the subsidiary can now custody and manage crypto assets for clients. As part of ABN AMRO’s European digital asset strategy, it plans to roll out these services to other EU member states gradually via the bloc’s passporting scheme. Separately, ABN AMRO and DZ BANK completed the first cross-border over-the-counter (OTC) Smart Derivative Contract (SDC) trade. Powered by blockchain, the 10-day trade automated settlement, valuation, and collateral management on-chain. Daily cash payments were processed via SEPA, with f

On December 26, monitoring data from HyperInsight reveals the "BTC OG Insider Whale" continues to hold a combined $740 million in long positions across BTC, ETH, and SOL. As of the same date, the whale’s total unrealized loss has widened to $56.74 million, and it has already paid $3.0222 million in funding fees. Breakdown of current positions: - ETH long: $591.72 million (entry price: $3,147.39; unrealized loss: $48.98 million) - BTC long: $86.99 million (entry price: $91,506.7; unrealized loss: $4.68 million) - SOL long: $62.18 million (entry price: $130.19; unrealized loss: $4.66 million)

Dec. 26: Bitcoin dropped below $87,000, down 0.90% over the past 24 hours, per HTX market data.

On December 26, Ethereum dropped below $2900, per HTX market data, with a 1.23% decline over the past 24 hours.