BitMine reported on Dec. 22 that its combined holdings of cryptocurrencies, cash and potential investments reached $13.2 billion, according to an official statement. As of 3:00 p.m. Eastern Time on Dec. 21, the portfolio consisted of 4,066,062 ETH, 193 BTC, a $32 million investment in Eightco Holdings (NASDAQ: ORBS) and $1 billion in cash, with the ETH position representing 3.37% of the total ETH supply of 120.7 million. Company chairman and Fundstrat's Thomas Tom Lee said BitMine increased its ETH holdings by 98,852 ETH over the past week, noted that surpassing the 4 million ETH mark took only 5.5 months, and described BitMine as a key entity linking Wall Street with the blockchain tokenization shift.

GMX integrated with the Ethereum mainnet on Dec. 22, allowing users to trade directly or provide liquidity from the mainnet, BlockBeats reports. Ethereum users can now earn auto-compounding returns from three fee-based revenue streams: perpetual trading fees, including opening, closing, borrowing and liquidation charges; swap fees; and the minting and burning fees associated with liquidity tokens.

A new address starting with 0xf44 accumulated 806,326 LINK tokens worth over $10.07 million since yesterday, on-chain analyst Ai 姨 (@ai_9684xtpa) reports. The address acquired the tokens at an average price of $12.49 each and is currently holding an unrealized profit of $161,000.

Eleven newly created addresses withdrew 1,567,000 LINK from Binance over three days ending Dec. 22, Lookonchain data show. The tokens are worth about $19.8 million.

Stani.eth said on December 22 that the ARFC proposal to transfer Aave brand asset control to token holders is valid under the protocol’s governance framework. The Snapshot vote runs from December 23 to 26 and would grant the DAO ownership of Aave’s brand assets and IP, including domains and social accounts. The comments follow debate over revenue and branding, as the Aave token fell 8.9% to $161 in the prior 24 hours.

A whale address sold its entire 230,350 AAVE holdings for 5,869.46 stETH worth $17.52M and 227.8 WBTC worth $20.07M over the past 3 hours, contributing to a roughly 10% price drop in AAVE. Data from Nansen shows, as reported by Onchain Lens.

A smart-money address that earned $19M over the past month opened a 3x leveraged long position in ETH on Hyperliquid on Dec. 21, The Data Nerd reports. The position is valued at about $89M.

CoinMarketCap's Altcoin Season Index stood at 17 on Dec. 21, down from 78 on Sept. 20, with a 7-day average of 21, BlockBeats reports citing data. The index shows that over the past 90 days only about 17 of the top 100 cryptocurrencies by market cap have outperformed Bitcoin. CoinMarketCap describes the real-time metric as tracking whether the crypto market is in an altcoin-dominated phase, based on the relative performance of the top 100 altcoins against Bitcoin over a 90-day period.