On December 18, Bitcoin plummeted to around $85,000, after briefly rising to $90,000 overnight. The much-anticipated Santa Claus rally has been dashed, and this sharp decline triggered a $155 million liquidation disaster in derivatives products. Bitcoin ETFs saw outflows of $634 million this week, the US unemployment rate rose to its highest since 2021, and the shadow of the Bank of Japan's expected rate hike on Friday has traders preparing for a deeper correction.

Maple Finance (SYRUP) price continues its upward trend for the third consecutive session, surpassing $0.27 USD during Thursday's trading session, despite the bearish outlook of the entire cryptocurrency market over the past week. The current bullish momentum is significantly supported by strong accumulation activity from individual wallets.

Binance co-founder CZ's majority stake has become the biggest "obstacle" for the company's return to the US market. Binance is considering reducing CZ's holdings to break through regulatory difficulties. At the same time, Binance is actively seeking partnerships with top US institutions, with asset management giant BlackRock and the DeFi platform World Liberty Financial (WLFI), associated with President Trump, both on the potential collaboration list.

Author: BlockWeeks Weekly
In the cryptocurrency market, if you only look at market cap, you'll see a thriving, flourishing digital utopia. Valuations in the hundreds of billions of dollars, grand technical whitepapers, the halo of Turing Award winners... everything seems to be the dawn of the next-generation internet.
But if you change your perspective — viewing only the “on-chain real revenue (Fees)” — you'll see a completely different, even chilling scene: in this so-called trillion-dollar market, the vast majority of “unicorns” are actually zombie companies that have long since ceased to breathe.
Recently, BlockWeeks conducted a detailed analysis of the “Fees” data from DeFiLlama's public chains, and we discovered an unavoidable structural problem: crypto public chains have entered a phase of “extreme profit concentration and long tail collective zombification.”

On December 17, 2025, when Ethereum's price hovered around $2,900, blockchain analytics platform Lookonchain detected an intriguing transaction. The entity labeled as associated with renowned analyst Tom Lee, BitMine, purchased 48,049 ETH in just 5 hours, worth approximately $140.8 million.
One day later, on December 18, according to Gate market data, ETH price dropped to $2,799.41, a 24-hour decline of 4.69%. The company continues to steadfastly execute its long-term Ethereum accumulation "alchemy" strategy.
01 Whale Action
On December 17, 2025, the cryptocurrency market detected a significant "whale" action. According to Lookon