Rewards Hub I. Crypto Market Overview
Key Takeaways
1.
Macro Environment
India's mild inflation uptick and recent rate cuts support a dovish policy stance, boosting liquidity and risk appetite. The U.S. SEC's proactive guidance on crypto custody and wallet risks signals heightened regulatory scrutiny. Strong Indian GDP growth and tax cuts may further enhance retail participation in digital assets.
2.
Crypto Market
The crypto market saw broad declines over the past 12 hours, with Bitcoin down 4.43% to $97,474 and Ethereum falling 9.27% to $3,144.86, pressured by weak risk sentiment and ETF outflows. Altcoins also dropped, with Mantle (MNT) down 8.71%, Merlin Chain (MERL) down 2.20%, and Mantis (M) down 0.83%. No major positive catalysts were observed, and risk-off flows dominated.
3.
Today's Outlook
Today, multiple central banks—including the ECB, Bank of Japan, and Bank of England—will review monetary policy, with press conferences from ECB President Lagarde and BoJ Governor Ueda. The OCC's conditional approval of Ripple, Circle, Paxos, BitGo, and Fidelity as crypto banks marks a regulatory milestone.
Fear and Greed Index
84.00% Annual Percentile
26 Fear
Total Crypto Market Cap
$3.08T
Total Market Trading Volume
$102.51B
Altcoin Season Index
27.27%
Quarterly Percentile
19 / 100
Total Futures Market Open Interest
4.41B
Futures
706.84B
Perpetuals
II. Industry Updates
Macro-economic Policies
1.
India's retail inflation rose to 0.71% in November, driven by easing food deflation and higher fuel prices. This mild uptick, still below the central bank's target, supports a dovish monetary stance and may sustain positive sentiment for crypto assets by maintaining liquidity in the market.
2.
The Reserve Bank of India recently cut its policy rate by 25 basis points, totaling 125 bps in 2025, citing strong growth and moderate inflation. Lower rates can boost risk appetite and capital flows into digital assets, potentially increasing DeFi and crypto trading activity.
3.
Recent reductions in India's goods and services tax (GST) are expected to lower CPI inflation by 35 basis points this fiscal year. Softer inflation and tax cuts may enhance disposable income and support retail participation in crypto markets.
4.
India's GDP growth forecast for the fiscal year was raised to 7.3% following an 8.2% expansion in Q3. Robust economic growth and accommodative policy could attract institutional and retail investors to digital assets, supporting market resilience and liquidity.
Cryptocurrency Regulatory Trends
1.
The U.S. SEC has released a comprehensive guide for investors on crypto wallets and custody, highlighting risks such as asset rehypothecation, commingling, and cybersecurity threats. This move signals a more proactive regulatory stance, potentially increasing investor caution and impacting market confidence.
3.
U.S. federal prosecutors have intensified charges against crypto promoter 'Bitcoin Rodney' for his role in the $1.8 billion HyperFund Ponzi scheme, adding wire fraud and money laundering counts. This enforcement action underscores heightened regulatory scrutiny and could deter illicit activities in the sector.
4.
The FBI reports over $262 million in losses from account takeover fraud linked to crypto since early 2025, urging enhanced security and regulatory measures. This development may accelerate the adoption of stricter compliance frameworks similar to the EU's MiCA regulation, affecting market operations.
Trending Tokens
1.
MemeCore (M): MemeCore surged 13.6% in the past 24 hours, reaching $1.81 with $15.48M trading volume. The rally is driven by strong community engagement and its unique Layer 1 blockchain for meme coins, but no specific news catalyst was identified in the last 24 hours.
2.
Merlin Chain (MERL): Merlin Chain rose 13.0% to $0.4586 with $46.77M in 24h volume. The price increase is supported by growing adoption of its Bitcoin Layer 2 ZK-Rollup technology, though no major event or announcement was found in the last 24 hours.
3.
Mantle (MNT): Mantle gained 8.8% in the last 24 hours, trading at $1.35 with $138M volume. The uptrend is attributed to continued ecosystem growth and high on-chain activity, but no single recent event or news was identified as the main driver.
Smart Money Movements
1.
Bitmine acquired 14,959 ETH worth $46 million, increasing its total Ethereum holdings to 3.2% of supply, valued at $12 billion.
2.
BlackRock's Ethereum ETF recorded $138.7 million in net inflows this week, reflecting strong institutional demand for ETH exposure.
3.
Solana ETFs attracted $674 million in net inflows over the past week, despite SOL's 55% price drop from its all-time high.
5.
Grayscale transferred $70 million in crypto assets, including 14,684 ETH and 252 BTC, to Coinbase Prime for asset management purposes.
Events to Watch
Dec 14 (Sun)
Multiple central banks, including the ECB, Bank of Japan, Bank of England, Russia, Hungary, Norway, Sweden, Indonesia, Thailand, Mexico, Czech Republic, and Jamaica, will review monetary policy; ECB President Lagarde and BoJ Governor Ueda to hold press conferences; OCC conditionally approves Ripple, Circle, Paxos, BitGo, and Fidelity as crypto banks; DeAgentAI mainnet launches; Hex Trust launches wXRP cross-chain wrapper.
Dec 15 (Mon)
US and Japanese CPI data for November to be released; ECB and Bank of England to announce policy decisions, with a 25bps BoE rate cut 90% priced in; Empire State Manufacturing Index (Dec) to be published; Taiko's Season 6 Trailblazers event concludes.
Dec 16 (Tue)
US Nonfarm Payrolls and November jobs report to be released, key for USD and crypto markets; US Retail Sales (Oct) data to be published.
US CPI and Core CPI for November to be released; ECB and Bank of England interest rate decisions and ECB press conference scheduled; Federal Reserve expected to announce a 25bps rate cut; Philadelphia Fed Manufacturing Index (Dec) to be published.
Dec 19 (Fri)
Bank of Japan to announce interest rate decision, with a likely increase to 0.75% according to Reuters poll.
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