KLEA Crypto Daily: Wednesday, December 24, 2025

Published: December 25, 2025 – 00:04 UTC

Here’s a look back at the key stories from December 24, 2025.

Bitcoin Surpasses 88,000 USDT Amid Daily Gains

Bitcoin has exceeded the 88,000 USDT mark, currently trading at 88,010.00 USDT, with a daily increase of 0.59% according to Foresight News and Binance Square.

EU Turns Up the Heat on Crypto Taxes as DAC8 Comes Into Force

The EU's crypto tax transparency directive, DAC8, will be effective from January 1, 2026, requiring crypto-asset service providers to report user identification and transaction data to national tax authorities, enhancing tax reporting within the EU.

Ethereum Strengthens Position as Settlement and Data Hub

Ethereum solidified its role as a settlement and data availability hub with Total Value Locked (TVL) peaking above $97.5B and monthly transactions reaching all-time highs. Despite this, day-to-day activity continued shifting to Layer 2 solutions, notably highlighted by the Pectra hard fork lowering mainnet fees.

Bitcoin Bear Market Concerns Rise Amidst Fidelity Chief's Warning

Bitcoin's failure to respond to supportive macro signals has led to discussions about a potential bear market. Fidelity's Director of Global Macro, Jurrien Timmer, suggests that Bitcoin may have already completed its latest cycle, with data indicating capital retreat and selling pressure.

Former CFTC Acting Chair Caroline Pham Joins MoonPay as Chief Legal Officer

Caroline Pham, former acting chair of the U.S. Commodity Futures Trading Commission (CFTC), has joined MoonPay as Chief Legal Officer, marking a significant move in the cryptocurrency payment industry.

Circle Introduces Tokenized Gold and Silver Swaps via USDC on New Digital Metals Platform

Circle, a global financial technology firm, expands its digital currency platform to offer tokenized gold and silver swaps backed by deep liquidity sourced from COMEX reference markets, bridging traditional commodity markets with blockchain finance.

Vitalik Buterin Predicts Bug-Free Code Possible by 2030s

Ethereum founder Vitalik Buterin believes achieving bug-free code may be feasible by the 2030s, challenging the notion that bugs are inevitable in software. He suggests that prioritizing absolute correctness over functionality could lead to bug-free applications for those striving for perfection.

South Korea’s BC Card Enables Stablecoin Payments for Foreigners at Local Merchants

BC Card, South Korea’s largest payment processor, has completed a pilot program allowing overseas visitors to pay for goods at local stores using stablecoins. This initiative demonstrates the potential for cryptocurrency use in everyday transactions without disrupting existing merchant systems.

U.S. Initial Jobless Claims for the Week Ending December 20 Below Expectations

U.S. initial jobless claims for the week ending December 20 came in at 214k, lower than the expected 224k and a decrease from the previous week. This data indicates a positive trend in the job market, surpassing forecasts and showing resilience.

Bitcoin Due Gains After Record $24B Options Expiry

Bitcoin is expected to see gains following a record $24 billion options expiry, potentially reaching an initial target of $100,000. This significant event is anticipated to have a positive impact on Bitcoin's price trajectory.

Bitcoin’s Historical Cycles Suggest Potential Bottom in 2026

Analyst @alicharts has identified a consistent pattern in Bitcoin’s historical cycles, indicating a potential bottom around October 2026 at approximately $37,500, based on past market movements.

Spain to Enforce MiCA and DAC8 in 2026, Ending Crypto’s Regulatory Grey Area

Spain will enforce MiCA and DAC8 regulations in 2026, bringing digital asset providers under the same licensing regime as traditional financial institutions, reshaping the competitive landscape in Europe's crypto market.

Most Crypto Tokens Underperform After Launch, Analysis Finds

A recent analysis reveals that most tokens, including major projects, experience significant value drops after being airdropped. This data raises questions about whether holding or selling tokens post-airdrop is the more rational strategy.

VC Projects Face Significant Valuation Discrepancies in 2023

Notable venture capital projects are currently facing market capitalizations significantly lower than their valuations, with some projects seeing their market caps reduced to only 10% to 30% of their VC valuations. This discrepancy is observed across various projects, indicating a concerning trend in the market.

Source: KLEA News