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The U.S. Securities and Exchange Commission has delayed decisions on the Canary spot PENGU ETF and the Grayscale spot Cardano ETF. This marks another pause in the approval process for U.S. exchange-traded funds that provide direct exposure to cryptocurrency prices. The applications aim to expand mainstream participation in crypto investing. However, regulators have chosen to … <a href="https://beincrypto.com/sec-delays-crypto-etfs-decision/">Continued</a>
Share link:In this post: Elon Musk’s xAI sued Apple and OpenAI for allegedly colluding to block AI competition in smartphones and app rankings. The lawsuit says Apple boosts ChatGPT on its devices while suppressing rivals like xAI’s Grok in the App Store. Sam Altman and OpenAI deny wrongdoing and accuse Elon of harassment and manipulation through X.
Share link:In this post: Porsche will no longer produce high-performance EV batteries at its Cellforce unit. About 200 of nearly 300 Cellforce jobs will be cut as the unit focuses on research and development. European automakers are struggling to compete with Asia’s dominance in battery production.
Finance Minister Kato discussed Japan’s Web3 era financial reforms, crypto regulations, stablecoin adoption, tax measures, and public-private collaboration to strengthen global competitiveness and support innovation in the country’s evolving crypto ecosystem.
- 22:44Analyst: Bitcoin OGs Selling Covered Call Options Is the Main Reason for Price SuppressionJinse Finance reported that market analyst Jeff Park stated that bitcoin whales who hold long-term positions are suppressing the spot price of bitcoin by selling covered call options. A covered call option refers to the seller granting the buyer the right to purchase a certain asset at a predetermined price in the future, in exchange for an option premium. Park pointed out that large, long-term BTC holders are introducing disproportionate selling pressure through this strategy, partly because market makers are on the other side of the trade, buying these covered call options. This means that in order to hedge the risk from buying call options, market makers must sell BTC in the spot market, thereby exerting downward pressure on market prices even as demand from ETF investors on traditional exchanges remains strong.
- 21:58Analysis: Ethereum active addresses drop to lowest level since May, with network demand and price cooling simultaneouslyJinse Finance reported that CryptoOnchain posted on the X platform that activity on the Ethereum network is cooling down, with the 7-day moving average of active addresses dropping to 327,000, marking the lowest level since May 2025. This figure has contracted significantly from the August peak of 483,000, indicating a clear decline in on-chain participation. During the same period, the price of ETH has pulled back from around $4,800 to approximately $3,100, further confirming the trend of weakening demand. The correlation between price and activity suggests that demand for block space is decreasing, with some retail or short-term participants exiting the market. In a healthy bull market cycle, price increases are usually accompanied by an expansion in network usage, rather than contraction. Therefore, a sustained rebound in the number of active addresses would be a key on-chain signal of renewed demand and momentum.
- 21:10USDe supply drops to 6.526 billionsAccording to Jinse Finance, data from the DeFilama platform shows that as of December 14, the supply of USDe has fallen back to 6.526 billion, with a 2.99% decrease over the past 7 days.