Crypto market just wiped out $100 billion

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The cryptocurrency market continues to witness volatility, with notable capital outflows invalidating the recent bullish momentum. To this end, the global market shed roughly $100 billion in the past 24 hours, with total capitalization falling from about $3.15 trillion to $3.05 trillion as a wave of liquidation pressure and weakening investor appetite triggered a broad downturn. Total crypto market cap 30-day chart. Source: CoinMarketCap The pullback was led by Bitcoin ( BTC ), which slipped below $90,000 this week after failing to hold the $94,000–$95,000 range. The move marks its second major breakdown this month and erased gains from earlier recovery attempts. As of press time, Bitcoin dropped 1.77% to $89,614, Ethereum ( ETH ) fell 3.14% to $3,031, and BNB dipped 0.93% to $884.76. XRP slid 1.75% to $2.03, while Solana ( SOL ) recorded one of the steepest declines, falling 2.91% to $132.81. Top cryptocurrencies’ performance. Source: Finbold Why crypto market is tumbling The overall market decline was driven primarily by a cascade of forced liquidations. Nearly $500 million in leveraged positions were wiped out across major exchanges, including roughly $420 million in longs. More than 140,000 traders were liquidated within a single day, accelerating the downturn. Weaker ETF demand added to the pressure with BlackRock’s iShares Bitcoin Trust having now logged six consecutive weeks of outflows totaling more than $2.8 billion, while overall US spot Bitcoin ETF inflows dropped to just $59 million on December 3, signaling softening institutional interest at a critical moment. At the same time, macro conditions deepened the volatility. The Bank of Japan hinted at a possible rate hike, a shift that threatens carry-trade liquidity supporting global risk assets. Additionally, traders moved to reduce exposure ahead of the latest US PCE inflation report, keeping Bitcoin locked in a cautious $91,000–$95,000 range before the sell-off intensified. Although the PCE data arrived broadly in line with expectations, showing cooling but still elevated core inflation, the reading was not convincing enough for markets to assume faster Fed rate cuts. The result was a guarded reaction that reinforced risk-off behavior across crypto. Featured image via Shutterstock The post Crypto market just wiped out $100 billion appeared first on Finbold .

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SEC Chair Paul Atkins Advocates For Modernizing Crypto Regulations– Here’s How

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In remarks made on December 4, US Securities and Exchange Commission (SEC) Chair Paul Atkins expressed an optimistic outlook for the cryptocurrency industry. Atkins emphasized the SEC’s intent to modernize its rules to facilitate an on-chain market environment, leveraging distributed ledger technology and the tokenization of financial assets. SEC Chair Advocates For Crypto Tokenization Atkins highlighted the transformative potential of these technologies for the capital markets. He stressed that enhancing these markets is essential for US firms and investors to maintain their leadership on a global scale. The chair underscored that the advancements in blockchain technology could streamline not only trading processes but also the entire issuer-investor relationship, which would enable a more efficient and transparent financial ecosystem. Tokenization, according to Atkins, goes beyond merely changing the mechanics of trading. He pointed out that it can foster direct connections for various important functions such as proxy voting, dividend payments, and shareholder communications, all while reducing the reliance on multiple intermediaries. In his address, Atkins acknowledged several innovative models that deserve consideration. He noted that some companies are directly issuing equity on public distributed ledgers in the form of programmable assets. These assets can integrate compliance features, voting rights, and governance capabilities, allowing investors to hold securities in a digital format that promotes transparency and reduces the number of intermediaries involved. Additionally, he mentioned that third parties are engaging in the tokenization of equities by generating on-chain security entitlements that represent ownership stakes in traditional equities. The emergence of synthetic exposures—tokenized products designed to reflect the performance of public equities—was also highlighted. While many of these offerings are currently being developed offshore, they showcase the international interest in US market exposure supported by distributed ledger technology. Atkins Critiques Past SEC Strategies However, Atkins cautioned that transitioning to on-chain capital markets entails more than just issuance. He stated that it is essential to address various stages of the securities transaction lifecycle effectively. For instance, if tokenized shares cannot be traded competitively in liquid on-chain environments, they risk becoming little more than conceptual assets without practical utility. The chair also criticized the previous SEC’s approach toward the crypto industry under the agency’s former chair Gary Gensler , which attempted to adapt to on-chain markets through an expansive redefinition of “exchange.” This earlier strategy enforced a broad regulatory framework that ultimately created uncertainty and stifled innovation, Atkins stated. He said that it is vital to avoid repeating such mistakes in order to stimulate innovation, investment, and job creation in the United States. To foster a conducive environment for growth, Atkins called for compliant pathways that can enable market participants to capitalize on the unique benefits of new technologies like crypto. In light of this conviction, he has instructed SEC staff to explore recommendations for utilizing the agency’s exemptive authorities, permitting on-chain innovations while the Commission works toward developing long-term, effective crypto regulatory frameworks. Featured image from DALL-E, chart from TradingView.com

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Essential Guide: Vitalik Buterin’s Vision for an On-Chain Gas Futures Market

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BitcoinWorld Essential Guide: Vitalik Buterin’s Vision for an On-Chain Gas Futures Market Ethereum transaction fees, commonly called gas fees, are a constant topic for users and developers. While currently manageable, their unpredictable nature poses a long-term planning challenge. In a significant development, Ethereum founder Vitalik Buterin has proposed a novel solution: creating a dedicated gas futures market on the blockchain itself. This idea aims to bring financial predictability to one of crypto’s most volatile costs. What is a Gas Futures Market and Why Do We Need It? Simply put, a futures market lets people buy or sell an asset at a predetermined price for delivery on a future date. Applying this to Ethereum gas means users could lock in today’s price for transaction fees they expect to need months or even years from now. Buterin highlighted this need, noting that while fees are low now, predicting their trajectory over the next two years is incredibly difficult. A gas futures market would directly address this uncertainty. How Would an On-Chain Gas Futures Market Work? The core function would be hedging. Developers planning a major project launch or users expecting high transaction volumes could purchase gas futures contracts. Therefore, if market gas prices spike later, they are protected, having secured their fees at a lower, known rate. Conversely, if prices fall, they might pay a slight premium. This system creates a formal mechanism for price discovery and risk management directly on Ethereum. Hedging Against Volatility: Users and businesses can shield themselves from sudden, costly gas fee surges. Better Financial Planning: Projects can accurately budget for future network costs, improving operational stability. Enabling New Features: Buterin suggested it could allow for pre-booking or pre-purchasing gas for specific periods or events. What Are the Potential Challenges and Hurdles? However, implementing a robust gas futures market is not without its complexities. Key questions remain about the underlying asset. Would the contract be for a specific amount of computational ‘gas’ units, or for the fee price itself? Furthermore, designing a secure, decentralized, and liquid market that cannot be manipulated is a significant technical challenge. The market would need to integrate seamlessly with Ethereum’s core mechanics to be truly effective. What Does This Mean for the Future of Ethereum? This proposal signals a maturing phase for Ethereum, shifting focus from pure scalability to economic stability and advanced financial primitives. A successful gas futures market could make Ethereum more attractive for institutional adoption and large-scale enterprise projects that require predictable operating costs. Moreover, it represents a move towards a more sophisticated and user-friendly economic layer, which is crucial for mainstream acceptance. Conclusion: A Forward-Thinking Proposal for Economic Stability Vitalik Buterin’s call for an on-chain gas futures market is a forward-thinking attempt to solve a fundamental pain point. By allowing users to hedge against fee volatility, it promises greater predictability and could unlock new models for interacting with the Ethereum network. While technical hurdles exist, the vision points toward a more stable and professionally accessible blockchain ecosystem. Frequently Asked Questions (FAQs) Q: What are gas fees on Ethereum? A: Gas fees are payments users make to compensate for the computing energy required to process and validate transactions or smart contracts on the Ethereum network. Q: How would a gas futures market benefit the average user? A: While powerful for developers, average users could benefit indirectly through more stable and predictable costs for decentralized applications (dApps) and services built on Ethereum. Q: Is this market live or just a proposal? A: This is currently a proposal and discussion point from Vitalik Buterin. No official or live gas futures market exists on Ethereum yet. Q: Would this make gas fees more expensive? A: Not necessarily. The goal is price discovery and risk management, not inherently raising fees. It could create more competition and efficiency in how future fees are priced. Q: Can other blockchains implement a similar system? A> Absolutely. Any blockchain with variable transaction fees could explore similar derivative markets to provide economic predictability for its users. Found this insight into Ethereum’s economic future valuable? Help others in the crypto community stay informed by sharing this article on your social media channels! To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum price action and institutional adoption. This post Essential Guide: Vitalik Buterin’s Vision for an On-Chain Gas Futures Market first appeared on BitcoinWorld .

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Ethereum Nears $6T in Stablecoin Transfers as Wyckoff Cycle Turns Bullish

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Ethereum is showing two major signals this quarter: record-breaking stablecoin settlement flows and a new long-term accumulation pattern highlighted by market analysts. Fresh data from Token Terminal place Q4 stablecoin transfers near the 6-trillion-dollar mark, already above last quarter’s total with weeks still remaining. At the same time, chart analysts say Ethereum’s multi-year structure has moved into a Wyckoff accumulation phase, reflecting quieter positioning beneath the surface as the market resets after the 2022–2023 decline. Ethereum Stablecoin Volume Nears 6 Trillion Dollars in Q4 Ethereum is on pace to process nearly 6 trillion dollars in stablecoin transfers during the fourth quarter, according to new data from Token Terminal. The chart shows that Q4 activity has already surpassed Q3 levels even though the quarter is not finished. This marks one of the strongest periods of on-chain settlement for Ethereum as demand for stablecoin transfers continues to accelerate across DeFi and exchange infrastructures. Ethereum Stablecoin Transfer Volume (Quarterly). Source: Token Terminal The figure also places Ethereum ahead of the most recent quarterly transaction volumes reported by Visa and Mastercard. While the networks measure traditional payment activity and Ethereum records on-chain transfer volume, the scale gap this quarter remains notable. It highlights how much value now moves through blockchain rails as stablecoins become a preferred settlement tool for trading, remittances, and institutional flows. The jump in activity reinforces Ethereum’s position as the primary settlement environment for stablecoins. USDT, USDC , and other dollar-pegged tokens account for most of the volume, driven by increased use across decentralized exchanges, lending pools, and cross-chain bridges. With a month still left in the quarter, analysts expect the final Q4 figure to become Ethereum’s largest stablecoin volume reading to date. Analyst Maps Ethereum Into New Wyckoff Accumulation Phase Crypto GEMs argues that Ethereum has entered a fresh accumulation zone under the Wyckoff market-cycle framework, based on a long-term price chart that labels prior mark-up, distribution, mark-down, and accumulation phases. The current range follows the 2022–2023 decline, which the analyst treats as the last mark-down before a potential trend reset. Ethereum Wyckoff Cycle Phases. Source: Crypto GEMs / TradingView In this reading, the sideways structure since 2023 mirrors earlier periods when large players quietly built positions ahead of stronger advances. Crypto GEMs says past cycles on the chart show that similar accumulation blocks have preceded powerful mark-up legs, and projects that a new advance could eventually carry Ethereum toward the 20,000-dollar area by 2026. The post notes that sentiment remains divided, with skeptical traders viewing the range as exhaustion while more optimistic holders treat it as a chance to increase exposure. Any Wyckoff-style mark-up phase would still depend on broader liquidity, macro conditions, and sustained demand for Ethereum’s network and applications.

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