Ethereum Gas Fee Continues to Drop, Now at 0.352 Gwei

On December 16, Binance Alpha has listed Magma Finance (MAGMA).

December 16 – Per data from Coinbob Popular Address Monitor, all top 50 addresses in BTC and ETH’s top holder profit rankings are in the bear camp. The two leading addresses by profit and short position size are **“Ultimate Bear”** and **“Hyperliquid’s Largest ZEC Short”**, each with over $10 million in unrealized gains. ### Key Short Positions: - **Ultimate Bear (BTC short):** ~$62.19M position size, average entry price $115,000, liquidation price $97,000, unrealized gain $18.17M. - **Hyperliquid’s Largest ZEC Short (ETH short):** ~$92.54M position size, average entry price $3,377, liquidation price $4,163, unrealized gain $14.20M. Bulls are nearly all in losses, with **“BTC OG Insider Whale”** (the top holder across BTC/ETH) posting a total unrealized loss of nearly $52 million. The second-largest long addresses are “pension-usdt.eth” and “CZ’s Counterparty.” ### Key Long Positions: - **BTC OG Insider Whale:** - ETH: ~$559M position, average entry $3,167, liquid

On December 16, the three major U.S. stock indexes traded lower in pre-market sessions: the Dow Jones Industrial Average (Dow) was down 0.09%, the S&P 500 slipped 0.16%, and the Nasdaq Composite fell 0.59%.

On December 16, Morgan Stanley released an analysis noting that gold is poised to sustain macro-level support as interest rate cut expectations persist and the U.S. Dollar Index weakens, with the potential to rise to $4,800 per ounce by the fourth quarter of 2026. “We believe gold faces upside risks due to central banks ramping up gold purchases, global growth concerns, and stablecoin companies increasing their gold holdings,” the firm stated. For silver, investment demand is likely to remain dominant, and low inventory levels could trigger a physical squeeze, according to Oriental Wealth.

On Dec. 16, Li Huayi, founder of Liquid Capital (formerly LD Capital), said in a social media post: “While Ethereum (ETH) fundamentals remain solid, market liquidity has dropped sharply since the Oct. 11 flash crash, with the futures market now dominating the spot market. Current volatility is within normal ranges, especially as we approach the 4-year cycle resonance and Christmas. For spot investors, however, it’s not about buying at the absolute bottom—but rather at the most appropriate investment price range. From a medium-to-long-term investment perspective, especially in the new era of on-chain finance, ETH is a core asset, with allocations to projects like WLFI as core holdings. Our investment and data logic remains consistent with our prior research reports.”

On December 16, the UK Financial Conduct Authority (FCA) launched a consultation on proposed cryptocurrency regulatory rules for the UK. The rules cover areas including entry requirements, disclosure obligations, market manipulation, crypto trading platforms, intermediaries, custody services, lending, decentralized finance (DeFi), and prudential standards. The consultation deadline is February 12, 2026. David Geale, the FCA’s Head of Payments and Digital Currencies, said: “Our goal is to create a framework that protects consumers, supports innovation, and builds trust. We’ve made significant progress rolling out our crypto regulation plan—helping firms meet our standards and complete registration—while also waiting for additional legislation.”