PANews reported on December 23 that, according to VanEck analysis, the Bitcoin network hashrate had fallen by about 4% as of December 15. This "miner capitulation" phenomenon has always been regarded as a contrarian indicator of a bull market reversal, which may suggest that the price of Bitcoin is close to a temporary bottom.

BlockBeats News, December 23rd – According to Coinbob Hot Address Monitoring, in the past 5 hours, the 'Ultimate Short' has closed part of its BTC short positions again, realizing a profit of approximately $1.17 million, with this closing size around $4.35 million. Since November, this address has executed similar profit-taking operations five consecutive times at local lows, and has not replenished the short positions. Compared to its peak position of $136 million at the end of October, its BTC short position size has cumulatively decreased by approximately $93 million, with about $57 million closed this month, showing an accelerating profit-taking trend.Currently, this whale still holds BTC short positions of approximately $43.63 million, with floating profits reaching $12.20 million (558%), an average price of $111,500, and a liquidation price of $102,300. Additionally, it placed take-profit orders yesterday within the range of $67,200 to $76,200. Since establishing this round of BTC short positions on May 9th, this address has repeatedly conducted swing trading by selling high and buying low, with its recent strategy clearly shifting towards continuous reduction and locking in profits. Currently, funding rate settlements have yielded profits of approximately $9.61 million.

PANews reported on December 23 that, according to VanEck analysis, the Bitcoin network hashrate had fallen by about 4% as of December 15. This "miner capitulation" phenomenon has always been regarded as a contrarian indicator of a bull market reversal, which may suggest that the price of Bitcoin is close to a temporary bottom.

PANews reported on December 23 that, according to Token Terminal data, approximately 50% of the market capitalization of Tokenized Euro (a stablecoin for the Euro) is deployed on the Ethereum blockchain , with the remainder distributed across multiple blockchains such as Arbitrum, Polygon, Base, and Solana.

BlockBeats News, December 23rd, according to Coinbob Hot Address Monitor, in the past 5 hours, the 'Ultimate Short' has closed some BTC short positions again, realizing a profit of approximately $1.17 million, with this closing size around $4.35 million. Since November, this address has executed similar profit-taking operations at local lows five consecutive times, and has not replenished short positions. Compared to its peak position of $136 million at the end of October, its BTC short position size has now cumulatively decreased by about $93 million, with approximately $57 million closed this month, showing an accelerated profit-taking trend.Currently, this whale still holds BTC short positions of about $43.63 million, with floating profits reaching $12.20 million (558%), an average price of $111,500, and a liquidation price of $102,300. Additionally, it placed take-profit orders yesterday in the range of $67,200 to $76,200. Since establishing this round of BTC short positions on May 9th, this address has repeatedly conducted swing trading of selling high and buying low, with recent strategy clearly shifting to continuous reduction and locking in profits. Currently, funding rate settlements have yielded profits of about $9.61 million.

BlockBeats News, December 23, according to Coinglass data, after BTC briefly broke above $90,000 last night but ultimately fell back to around $87,000, funding rates on mainstream CEXs and DEXs indicate the market has shifted back to a bearish bias. Currently, only BTC and ETH perpetual contract pairs on Binance and Bitget maintain neutral rates, while rates on platforms like OKX and Bybit have dropped into bearish territory. Altcoins such as Ethereum continue to exhibit large negative funding rates, with specific major coin funding rates as shown in the attached chart.BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. It is a mechanism for fund exchange between long and short traders; trading platforms do not charge this fee, using it to adjust the cost or profit of traders holding contracts to keep contract prices close to the underlying asset prices.When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.

PANews reported on December 23 that Gate Charity held a Christmas charity event in Cotonou, Benin on December 20, distributing holiday toys to underprivileged children and organizing interactive activities. The event, co-organized by Gate Charity and JCI Abomey Calavi Sica, attracted approximately 200 children and their families. During the event, children, accompanied by their families, not only received Christmas toys suitable for different age groups but also participated in interactive activities such as fun games, creative crafts, and story sharing. The festive meal and Christmas-themed activities together created a warm and inclusive atmosphere, allowing participating families to truly feel the joy and love of Christmas. This charitable initiative not only reflects Gate Charity's consistent commitment to child welfare and community support, but also further solidifies its local partnerships and public trust. Gate Charity stated that it will continue to advance its global charitable projects in a pragmatic and sustainable manner to provide support to more vulnerable groups.

BlockBeats news, December 23, Chinese crypto analyst Banmu Xia posted at noon stating, "Bitcoin has reached a point where it is no longer a good opportunity to be bullish. The mid-term liquidity logic has also been weakened by the recent sustained ETF selling.This is not the best opportunity to be bullish, but it doesn't mean it won't rise later; it's just that the risk is increasing. During the adjustment phase, unless there is a highly probable opportunity, there's no need to participate; just continue to watch the market undergo complex consolidation.​​​"

BlockBeats news, December 23, Ghana announced on Monday that parliament has passed the Virtual Asset Service Provider Act. According to the act, individuals or institutions engaged in digital asset-related businesses must register with and be regulated by the Bank of Ghana or the Securities and Exchange Commission, depending on the nature of their operations.Bank of Ghana Governor Johnson Asiama stated that the act lays the foundation for licensing and regulation in the virtual asset industry, ensuring that emerging activities are incorporated into a clear, accountable, and well-governed framework. He previously noted in a speech that the passage of the act means individuals will no longer be arrested for trading cryptocurrencies, with the new framework aiming to effectively manage associated risks.Data shows that Ghana processed approximately $30 billion in cryptocurrency transactions between July 2023 and June 2024, with about 17% of the country's adults believed to have used crypto assets.Ghana plans to focus on promoting the application of crypto technology in areas such as payments, trade finance, foreign exchange settlement, and market infrastructure by 2026 to support cross-border commercial activities, including "targeted exploration" of asset-backed digital settlement tools like gold-backed stablecoins.

BlockBeats news, December 23, according to Coinglass data, over the past 24 hours, CEXs saw a cumulative net outflow of 15,200 Ethereum, with the top three CEXs by outflow as follows:· Binance, outflow of 26,300 ETH;· Bybit, outflow of 2,616.43 ETH;· Gate, outflow of 1,334.72 ETH.Additionally, Kraken had an inflow of 13,300 ETH, ranking first on the inflow list.