Bitget Daily Briefing (December 18) | The U.S. SEC releases a statement on "Broker-Dealers Custody of Crypto Asset Securities"; LayerZero (ZRO) will unlock approximately 25.71 million tokens on December 20

Industry Express

2025-12-18 10:36:53

Collection

Bitget December 18 Morning Report

Today's Outlook

PR Newswire: Public company CIMG Inc. announced the purchase of 230 bitcoins with approximately $24.61 million in internal funds, increasing the company's total bitcoin holdings to 730.
LayerZero (ZRO) will unlock approximately 25.71 million tokens on December 20 at 19:00 (UTC+8), with a circulation ratio of 6.79%, valued at about $38.6 million.
The total net inflow of the US XRP spot ETF reached $18.99 million in a single day.

Macro Highlights

The US SEC issued a statement on "Broker-Dealers Custody of Crypto Asset Securities." The statement aims to clarify the applicability of Rule 15c3-3(b)(1) of the Securities Exchange Act to crypto assets considered as securities (i.e., "crypto asset securities") held by broker-dealers on behalf of customers. Additionally, SEC commissioners are soliciting opinions on issues related to trading crypto assets on national securities exchanges and alternative trading systems.
Industry insiders in the crypto sector met with key US senators to discuss negotiations on market structure legislation.
The Federal Reserve rescinded the guidance issued in 2023 that "restricts uninsured banks from engaging in crypto activities."

Market Trends

In the past 24 hours, the cryptocurrency market saw a total liquidation of $537 million, with $385 million from long positions. The liquidation amount for BTC was $155 million, and for ETH, it was $167 million.
US stocks: Dow Jones -0.47%, S&P 500 -1.16%, Nasdaq Composite -1.81%. Additionally, Nvidia (NVDA) -3.81%, Circle (CRCL) -4.58%, Strategy (MSTR) -4.25%.

Bitget Daily Report (December 18) | US SEC issues statement on "Broker-Dealers Custody of Crypto Asset Securities"; LayerZero (ZRO) will unlock approximately 25.71 million tokens on December 20 image 0

Bitget BTC/USDT liquidation map shows: below the current price of approximately $86,085, there is a dense liquidation of long positions. If it falls below the $85k level, it may trigger a chain reaction of stop-loss orders and amplify downward volatility. The range of $88k--$92k has continued accumulation of short liquidations, and once effectively broken, it could easily trigger a short squeeze, pushing prices up rapidly.

In the past 24 hours, BTC spot inflow was approximately $77.8 million, outflow was about $76.8 million, resulting in a net inflow of $1 million.

News Updates

Circle signs a memorandum of cooperation with LianLian International to explore next-generation cross-border payment infrastructure driven by stablecoins.
Canaan Creative announces the continuation of a $30 million buyback plan, extending it to 12 months.
Oracle's $10 billion Michigan data center project is at an impasse.

Project Progress

A whale transferred $3.64 million worth of SHIB to a CEX, having previously purchased 17.4% of SHIB with 37.8 ETH.
Three whale wallets collectively deposited 37.1 million USDC to increase their holdings of HYPE tokens today.
The WLFI community has initiated a proposal vote on "Using part of the unlocked treasury funds to promote the adoption of USD1."
Polygon Foundation: The Polygon PoS issue has been resolved, although the block explorer may still show delays.
A Bitcoin OG address holding over $680 million in long positions transferred 368,000 ETH to five new wallets.
Harbor completed a $4.2 million strategic funding round, led by Susquehanna Crypto and Triton Capital.
CoinDesk reports that DTCC collaborates with Canton Network to advance the tokenization of US Treasury bonds, receiving "no-action letter" support from the SEC.
Messari: Sei's active users in Q3 nearly doubled year-on-year, TVL declined but DEX and gaming transactions reached new highs.
ETHZilla's chairman released a letter to shareholders: The first RWA token will be launched in 2026.
CryptoQuant analyst MorenoDV_: Bitcoin is approaching the average investor cost price of $81,500; if it falls below this level, it may trigger selling pressure and further declines.