• Bitcoin price has reclaimed $100,000 territory since yesterday, as the released US Consumer Price Index (CPI) data met market expectations at 2.7%, signifying a potential interest rate cut by the Federal Reserve by the end of the month.
  • US spot Bitcoin ETFs recorded their tenth consecutive day of inflows on Dec 11, with over $223 million daily inflow. Bitcoin ETFs have seen $10bn in inflows since the election of Donald Trump as next US president.
source: Coinglass
  • Spot ETH ETFs saw a slowdown in net inflows on Dec 11, with $102 million recorded—a 66% drop from the $305.74 million inflow seen one day prior.
source: Coinglass
  • Addresses with 100 to 1000 BTC are the only ones accumulating, while other are selling their BTC. For addresses with balances 10,000 and more which are typically linked to exchanges or ETFs, the BTC might only be getting redistributed into smaller addresses.

source: ChainExposed

  • On Dec 11, the Vancouver City Council passed a motion to make the city a “Bitcoin-friendly city", by exploring ways to integrate Bitcoin into its financial operations, possibly with a Bitcoin reserve and payments option.
  • On Dec 11, the president of the National Commission of Digital Assets (NCDA) in El Salvador, announced the signing of a mutual collaboration and training agreement with the president of Argentina’s National Securities Commission (CNV) to strengthen the digital asset industries in both El Salvador and Argentina. El Salvador is also discussing similar agreements with over 25 other countries.
  • The vote to re-nominate Commissioner Caroline Crenshaw to the Securities and Exchange Commission (SEC), originally scheduled for the morning of Dec 11 as part of a United States Senate Banking Committee hearing, was postponed just minutes before it was due to begin, with no date for renomination set.
  • FTX debtors recovered approximately $14.5 million in November through small claim settlements, primarily from political donations, according to a Dec 10 court filing. This follows efforts to recover donations linked to ex-CEO Sam Bankman-Fried, accused of misusing customer funds for political contributions. FTX had filed for bankruptcy in November 2022, with proceedings lasting over two years. In October 2024, FTX's reorganization plan to repay 98% of users 119% of their claims was approved.