Yesterday, Bitcoin ETF saw a net outflow of $2.772 billion, while Ethereum ETF saw a net outflow of $2.242 billion.

**Cointelegraph: Bhutan to Deploy 10,000 Bitcoins for Gelephu Mindfulness City (GMC)** On December 17, Bhutan’s government announced it will use 10,000 bitcoins from its reserves to build **Gelephu Mindfulness City (GMC)**—a special administrative region set to launch in 2024. Located in southern Bhutan’s Gelephu town, GMC aims to curb youth emigration by creating high-value local jobs and becoming the country’s new economic hub. It will attract businesses across finance, tourism, green energy, tech, healthcare, and agriculture, offering regulatory flexibility for crypto and fintech firms while advancing Bitcoin mining in Bhutan. GMC covers roughly 10% of Bhutan’s territory (about 1,544 square miles). Bhutan’s Bitcoin reserves rank fifth globally (most from mining), totaling around 11,286 coins—valued at over $986 million.

**December 17th** Capriole Investments founder Charles Edwards—who leads a quantitative Bitcoin and digital asset fund—warned via Cointelegraph that Bitcoin’s price could drop below $50,000 if the network fails to develop quantum computing resistance by 2028. Quantum computing’s potential threat to the crypto industry has long loomed as a critical inflection point: Advanced quantum machines could theoretically break encryption algorithms, exposing user private keys and leaving funds or sensitive data vulnerable to malicious actors. While the risk is widely viewed as distant, Edwards predicts it could materialize as early as 2028 without timely industry action—potentially hammering Bitcoin’s value.

December 17 — Retail trader sentiment toward cryptocurrencies has broadly turned bearish, per Cointelegraph. Santiment data shows this is historically a bullish contrarian signal: when retail investors anticipate further price declines, markets typically bounce back.

Bitget will list Infrared (IR) on its Innovation Zone on December 17. Deposits are now open, and trading will launch at 8:00 PM UTC+8 on that day.

On December 17th, Binance announced that users with Binance Alpha points of 225 or more can take part in the Infrared (IR) TGE event via the Alpha activity page. Joining this event requires 15 points.

On December 17, Robinhood CEO Vlad Tenev said: "I believe we’re in the early stages of a supercycle in prediction markets, and as this space evolves, we’ll see continued growth in user adoption and trading volume—with annual contract trading potentially hitting tens of trillions."