Bitcoin remains below $90,000, but three factors continue to support a potential year-end rally to $100,000. The Federal Reserve ended its quantitative tightening program on December 1, creating expectations for monetary easing. Order-book data shows key liquidity zones at $90,000 and $94,500, while technical charts indicate a possible breakout above $95,000 resistance if support at $84,000 holds.

BitMine Immersion Technologies purchased 22,676 ETH valued at $68.67 million on December 6, according to blockchain data. The acquisition follows a December 5 purchase of 41,946 ETH worth $130.78 million, bringing the company's total accumulation to over 64,000 ETH worth approximately $199 million within 24 hours.

SpaceX transferred approximately 2,246 BTC in transactions exceeding $200 million over a 12-hour period and the preceding week, according to Arkham Intelligence. The aerospace company maintains control of more than 5,012 BTC valued at approximately $448 million. Blockchain analysis shows no confirmed connections between destination wallets and known cryptocurrency exchanges.

Seven Chinese industry associations supervised by the People's Bank of China and China Securities Regulatory Commission issued a joint notice warning firms against trading or issuing tokenized real-world assets within mainland China. The notice represents the first formal industry warning on RWA tokenization and states that foreign firms and their China-based employees engaging in such activities could face legal consequences. Chinese authorities have not approved any tokenization activities for real-world assets.

Ethereum activated its Fusaka hard fork on December 3, 2025, introducing EIP-7825, which limits individual transactions to 30 million gas to prevent any single transaction from monopolizing block capacity. The change enables predictable zero-knowledge proof processing with worst-case verification times under five seconds. ZK systems can now handle blocks containing 100–200 million gas in real time, supporting Ethereum's scaling objectives, according to Michael Dong, co-founder of Brevis ZK co-processor.

CoinShares head of research James Butterfill has rejected insolvency concerns about Tether following warnings from BitMEX founder Arthur Hayes. Butterfill stated that Tether maintains over $181 billion in reserves against approximately $174.45 billion in liabilities, resulting in a surplus of around $6.78 billion. Hayes had warned on November 30 that a 30% decline in Tether's Bitcoin and gold holdings could eliminate the company's equity.

Federal prosecutors have requested a 12-year prison sentence for Do Kwon, co-founder of Terraform Labs, following his guilty plea to fraud charges in August. Kwon admitted to orchestrating schemes between 2018 and 2022 that deceived cryptocurrency investors and led to TerraUSD's $40 billion collapse in 2022. His defense team has proposed a reduced five-year term, and sentencing is set for December 11.

State Representative Kyle Pierce filed House Bill 1042 on Thursday, requiring cryptocurrency exchange-traded fund options in Indiana's public retirement programs. The legislation also bars local governments from imposing unreasonable restrictions on digital asset activities, including self-custody, payments, and mining operations.