XRP saw a 1,694,200% liquidation imbalance after a 1.43% price drop, with long positions accounting for nearly all losses, data show. Ethereum experienced a network disruption affecting approximately 23% of nodes due to a Prysm client bug on December 5. More than 2,000 BTC, worth $185.16 million, were withdrawn from Binance in two transactions.

XRP fell nearly 4% to $2.07 over 24 hours following Ripple's completion of its $1 billion acquisition of GTreasury. The deal provides Ripple access to a treasury platform serving over 800 corporations across 160 countries and processing $12.5 trillion in annual payments. Institutional investors in Europe allocated $549 million to XRP products in 2025, exceeding flows into Ethereum.

The U.S. personal saving rate declined to 4.7% in September while inflation remained at 2.8% year-over-year, according to the Bureau of Economic Analysis. Real consumer spending showed zero growth during the period, marking one of the weakest consumption readings this year. Personal income rose 0.4%, driven by wage gains and dividend income.

Federal prosecutors have requested a 12-year prison term for Terraform Labs founder Do Kwon in connection with the 2022 collapse of Terra USD and Luna tokens that wiped out $40 billion in value. The sentencing recommendation was filed Thursday with the U.S. District Court for the Southern District of New York. Prosecutors cited the unprecedented scale of the fraud and Kwon's conduct in artificially inflating asset values while enriching himself.

Bitcoin dropped below $90,000 on December 5, 2025, trading near $89,200. Technical indicators show an RSI of 41 and negative MACD readings, pointing to sustained bearish momentum. Liquidations totaling $167 million—primarily long positions—have amplified selling pressure across the market.

HashKey Group is advancing plans for a Hong Kong public share offering aimed at raising approximately $200 million. The firm recorded $167 billion in spot trading volume as of September. Hong Kong regulators this week cleared the listing to proceed after reviewing the exchange's application.

Cantor Fitzgerald cut its 12-month price target for Strategy (MSTR) to $229 from $560, a 60% reduction, while maintaining its buy rating. The firm rejected liquidation concerns, stating the company holds sufficient cash to cover dividend payments for approximately 21 months and can access equity facilities for additional capital if needed.

Indiana lawmakers have introduced House Bill 1042, legislation authorizing public pension funds and retirement plans to invest in cryptocurrency exchange-traded funds. The bill requires certain public retirement programs, including the state's 529 education savings plan, to offer crypto ETF options to participants. These funds would gain authorization to invest on a voluntary basis.