On Tuesday, Solana's official account posted the number "589", reviving long-running XRP meme speculation. Ripple CTO David Schwartz said markets undervalue the company's XRP escrow in light of a $500 million secondary share sale at a $40 billion valuation, according to the article. Andrew Tate reiterated he is "huge on Bitcoin" and questioned why a 10,000 BTC purchase had little visible impact on price.

On December 5, Binance posted net inflows of 162,084 ETH, the largest daily increase since April 2023, with exchange reserves rising to 3.88M ETH. ETH open interest held above $17.62B, with more than 70% of traders positioned long. The token traded just above $3,000 as large whale deposits boosted spot inflows.

Over the past 24 hours, Bitcoin retreated to around $90,200 after briefly moving above $92,000. Hyperliquid posted a 9% daily loss, while major altcoins including Quant and Kaspa also declined. Total crypto market capitalization eased to about $3.16 trillion, roughly 2% lower than the previous day.

On Dec. 7 at 05:29 UTC, a token named "year of yellow fruit" was deployed on-chain, and less than a minute later the official Binance Futures social media account promoted it, driving a 4,600% price surge and pushing its market capitalization to nearly $4 million within two hours, according to Binance. An internal audit later found that a Binance employee had used the corporate brand account for personal promotion, leading to the staffer’s suspension, a referral to legal authorities, and a $100,000 whistleblower bounty split among five reporters, while the token gained another 782% in one hour after a public announcement on Dec. 8. The incident is being discussed alongside suspicious TNSR price action around Coinbase’s Nov. 21 Vector acquisition news, underscoring wider concerns over information leakage and the abuse of exchange infrastructure.

Jonathan Gould of the Office of the Comptroller of the Currency said on December 8 that cryptocurrency and fintech firms seeking federal bank charters should be evaluated using the same criteria as conventional banks. He pointed to recent OCC approvals of crypto-focused trust banks and a sharp increase in charter applications, according to the OCC. Banks and financial industry groups remain uneasy about supervision, while Argentina’s central bank is considering whether to let local banks offer cryptocurrency trading.

US spot Bitcoin ETFs posted a net outflow of $60.48 million on Monday, with BlackRock's IBIT taking in $28.76 million while GBTC and FBTC shed $44.03 million and $39.44 million respectively, according to SoSoValue. Spot Ethereum ETFs recorded a $35.5 million net inflow the same day. XRP ETFs have amassed more than $900 million since launching last month, including $38.04 million in inflows on Monday.

The U.S. Commodity Futures Trading Commission has launched a pilot under Acting Chair Caroline Pham that permits Bitcoin, Ethereum and USDC to be posted as collateral for futures and swaps in U.S. derivatives markets, according to the agency. The initiative is paired with updated guidance on tokenized collateral and the withdrawal of Staff Advisory 20-34. Analysts say the changes could spur broader institutional use of Bitcoin, Ethereum and stablecoins in regulated markets.

HashKey is planning a Hong Kong initial public offering that would make it the city’s first listed cryptocurrency exchange, aiming to raise up to HK$1.67B (about $215M) through a global share sale, according to its prospectus. The deal, which runs through Friday with trading due to start on December 17, would value the company at around HK$19B at the top of the price range and fund product innovation, custody enhancements and infrastructure expansion.