A trader opened an $180,000 PIPPIN position two months ago, and the paper return is now 20x.

U.S. crypto-related stocks showed mixed pre-market moves on December 16, with key names trading as follows: - MicroStrategy (MSTR): +0.07% - Coinbase (COIN): -0.09% - Robinhood Markets (HOOD): -0.39% - Sports Betting & Gaming (SBET): -0.21% - Bit Mining (BMNR): +0.32% - Circle Internet Financial (CRCL): -0.48%

On December 16, data from Coinglass shows that over the past 24 hours, the total net outflow of ETH from centralized exchanges (CEXs) hit 36,000 ETH. The top three exchanges by ETH outflow are: - Binance: 40,000 ETH out - Bybit: 30,700 ETH out - Bitfinex: 4,586.21 ETH out Additionally, OKX led the inflow list with 22,300 ETH flowing in.

On December 16, Predictive Market Space announced it has closed a $3 million seed and strategic financing round. Participants include Morningstar Ventures, Arctic Digital, Echo, IMPOSSIBLE and other investors. The new capital will go toward building the first prediction market on Solana that supports 10x leverage.

**Bitcoin (BTC) CEX Flows: Dec 16 Data (Coinglass)** Over the past 24 hours, total net BTC outflows from centralized exchanges (CEXs) reached 4,640.56 BTC, according to Coinglass. Top 3 CEXs by BTC outflows: - Coinbase Pro: 6,060.16 BTC out - Kraken: 1,374.16 BTC out - Bybit: 618.90 BTC out Notably, Binance led inflows with 2,958.27 BTC added.

December 16th — According to a Cointelegraph report, Bitcoin has retraced roughly 30% from its ~$126,000 all-time high and is hovering around the key $85,000 support level. On-chain data shows mid-sized holders and some institutional funds are ramping up accumulation. Glassnode figures indicate addresses holding 100–1,000 BTC (often called mid-tier whales) accumulated ~54,000 BTC over the past week. Their total holdings rose from ~3.521 million BTC to 3.575 million BTC — a pace of accumulation not seen since 2012, signaling clear bottom-fishing amid the sharp pullback. Still, upside potential remains capped by selling pressure from larger holders. Data shows long-term and “OG” whales (holding 10,000+ BTC) have steadily reduced positions over the past two months. Capriole Investments founder Charles Edwards noted record institutional buying is being absorbed by long-term holders at a rate unseen in years — a dynamic that could keep suppressing Bitcoin’s price action short-term.