Hyperliquid's HYPE token is trading near the $24.00 support area after retreating from a recent local peak around $25.4–$25.5, with the chart showing a series of lower highs and lower lows. The token remains well below its 50-day SMA at $33.78 and 200-day SMA at $34.47, while volatility at 11.70% and a 14-day RSI of 37.93 underline fragile, bearish market conditions. If $24.00 breaks decisively, price could extend lower, whereas a move back above the $24.80–$25.00 band would be needed to ease downside pressure.

On December 23, 2025, BitMine said in a filing it acquired 98,852 ETH over the past week, bringing its holdings to 4,066,062 ETH at an average cost of $2,991 per ether. The same day, onchain watchers reported about 29,462 ETH, worth roughly $88 million, moved via BitGo and Kraken. The firm aims to accumulate up to 5% of Ethereum's circulating supply.

As the year 2025 nears its end, the Altcoin Season Index has slid to a reading of 17 while Bitcoin trades well below its $126,000 high. Major altcoins are now down between 30% and 80% from their peak values, signaling that only a small fraction of the top 100 coins have outperformed Bitcoin over the last 90 days. This low index level points to altcoins remaining in a bear phase, with even Ethereum lagging behind Bitcoin’s recent performance.

U.S. spot Ether ETFs snapped a seven‑day outflow run with $84.6 million in net purchases on Monday. XRP funds also drew $43.9 million, their strongest daily intake since early December, while Solana, Chainlink and Dogecoin products showed mixed momentum, with the former two seeing steady accumulation and DOGE activity fading.

According to CoinShares, ETH-linked products saw $555 million in outflows last week, even as exchange balances fell to their lowest since 2016. Binance and CryptoQuant indicators show Ethereum trailing Bitcoin in liquidity and risk appetite, while TradingView signals point to rangebound action near 3,000 dollars with resistance around 3,300 dollars.

BitMine has expanded its Ethereum treasury to 4,066,062 ETH after acquiring 98,852 ETH over the past week, pursuing what it describes as a long-term accumulation strategy. Led by Tom Lee, the company aims to build a 5% share of Ethereum's circulating supply, while its latest buying streak leaves the treasury valued at about $12 billion based on a stated average entry of $2,991 per ETH.

On December 23, 2025, analysis of Binance’s 2025 listings showed centralized exchange allocations were a small fraction of total supply. Distributions commonly ranged from 1-5%, with larger, higher-FDV projects often under 1%. Binance said these tokens funded liquidity, airdrops and marketing rather than exchange fees, amid weak market performance for many new launches.

Michael Selig was sworn in as the 16th chair of the Commodity Futures Trading Commission after Senate confirmation on December 18, taking over as acting chair Caroline Pham left the agency after nearly four years. During her final year, Pham advanced initiatives such as spot crypto trading on CFTC-registered futures exchanges, a digital asset collateral pilot, and no-action relief for four prediction markets, while Selig has pledged to guide the regulator through a period of rapid technological change.