On December 25, Coinbob monitoring data revealed that the 'Altcoin Air Force Leader' has recently adjusted its short-selling strategy, shifting focus from aggressive shorting to a more defensive approach. The address has closed short positions on multiple tokens, including ASTER, UNI, and PUMP, and used the released margin to purchase HYPE spot positions and open corresponding short positions for hedging. The hedging position has increased to approximately $7.8 million. Additionally, the address cleared its holdings of MON, ZEC, TRUMP, and other tokens this week, withdrawing approximately $2 million within the past 24 hours. The total holdings amount to approximately $23.08 million, primarily consisting of ETH short positions (around $4.94 million), ASTER short positions (around $3.78 million), and UNI short positions (around $3.04 million). This address has closed 10 short positions this month, with profits of approximately $7.1 million over the past 30 days, and historical cumulative profits reaching $82.85 million.

XRP remains in a $1.85–$1.91 range, with strong selling near $1.90 and consistent bids near $1.86, suggesting a potential decisive break ahead. What to know : XRP fell to $1.86 as traders sold into rallies, despite steady demand for spot ETFs and a rise in total ETF-held assets to $1.25 billion. Institutional investors are increasingly using exchange-traded funds for XRP exposure, adding $8.19 million recently, indicating a preference for structured products. XRP remains in a $1.85–$1.91 range, with strong selling near $1.90 and consistent bids near $1.86, suggesting a potential decisive break ahead.

[New Wallet Withdraws 50,000 ZEC from Binance] According to Onchain Lens monitoring, a newly created wallet has withdrawn 50,000 ZEC from Binance, with a total value of $22.17 million.

[Russia's Two Major Exchanges Plan to Launch Compliant Crypto Trading by 2026] The Moscow Exchange (MOEX) and the St. Petersburg Exchange (SPB) have announced their support for the comprehensive crypto regulatory framework proposed by the Russian Central Bank and plan to launch crypto asset trading once the regulations take effect. The framework classifies Bitcoin and stablecoins as 'monetary assets,' with trading to be conducted through licensed exchanges and brokers. Crypto custody and trading platforms will be required to meet stricter standards. An annual purchase limit of 300,000 rubles is proposed for non-qualified investors, while qualified investors will face no limits except for privacy coins. The regulatory framework is expected to take effect no later than July 1, 2026, with a pilot program set to begin in March 2025. MOEX and SPB already offer crypto derivatives trading services.

[Evernorth Holdings' XRP Holdings Face Over $220 Million in Unrealized Losses] On December 25, the XRP treasury entity Evernorth Holdings, supported by Ripple executives, reported unrealized losses exceeding $220 million. According to CryptoQuant data, Evernorth holds approximately 389 million XRP, with a purchase cost of around $947 million. Based on the current XRP price of $1.86, the market value of its holdings is approximately $724 million.