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CoinCatch Market Daily Report (December 12, 2025)

Intermediate

2025-12-12 | 10m

On December 12th, the crypto market extended its cautious recovery on December 12, 2025, following the Federal Reserve's anticipated 25-basis-point rate cut yesterday, which injected modest liquidity but failed to fully dispel lingering Q4 uncertainties. BTC hovered around $90,056, down 2.5% intraday amid AI sector profit-taking and broader tech sell-offs, yet up 4.8% weekly from $85,461 lows. thereum (ETH) bucked the trend with a 1.2% rise to $3,237, supported by the Fusaka upgrade's fee reductions to $0.01 per transaction and staking yields nearing 5%, driving L2 TVL to $42 billion. Meanwhile, the #1 Searched Person on Google in 2025 on Polymarket came to a shocking conclusion yesterday, and one wallet stuck out as a potential insider who netted more than $1 million on the outcome. LI.FI, a Berlin-based protocol that aggregates onchain swaps and cross-chain bridges for developers, has raised a $29 million Series A extension. Terraform Labs founder Do Kwon was sentenced to 15 years in prison for his role in the collapse of the Terra LUNA and Luna tokens.

Crypto Market Overview

BTC (+1.34% | Current Price: $92,194.94)

Bitcoin's price action is dominated by its reaction to macro events, having fallen after six of the seven FOMC meetings in 2025. The latest 25-basis-point rate cut failed to rally markets, as Fed Chair Jerome Powell's warning on sticky inflation and labor market weakness was interpreted as a signal that further cuts are not guaranteed. BTC is testing the lower boundary of its established $85,000-$95,000 trading range. Analysts from FxPro identify $88,000 as a critical line in the sand; a sustained break below this level would undermine the moderate uptrend in place since late November and likely accelerate bearish sentiment. The immediate resistance is $94,000-$96,000 and the critical support line is $88,000, followed by $85,000.

Beneath the price volatility, foundational data remains supportive. Spot Bitcoin ETFs continue to see steady inflows, indicating unabated institutional demand. Furthermore, exchange balances have dropped to multi-month lows, a classic sign of accumulation by long-term holders rather than panic selling. BTC is caught between resilient long-term demand and short-term macro-driven deleveraging. The path of least resistance in the immediate term depends on holding $88,000. A successful defense could lead to a consolidation phase, while a breakdown may target $85,000 support.

On December 11th, Bitcoin exchange-traded funds (ETFs) registered a total net outflow of $137.8 million, with Fidelity's FBTC saw an outflow of $103.6 million.

ETH (-0.82% | Current Price: $3,238.95)

Ethereum is currently experiencing a critical technical test following a sharp rejection at the $3,400 resistance level earlier this week. Market stakeholders are now closely monitoring its ability to sustain a key support zone. Attention has shifted to the $3,150 support level. On-chain data from Glassnode and AliCharts indicates substantial token accumulation at this level, approximately 2.8 million ETH as well as further accumulation around $2,800 (roughly 3.6 million ETH), forming identifiable support "walls."

A strong rebound from the $3,150 level could potentially restore upward momentum toward retesting $3,400. Conversely, a decisive decline below $3,150 could open the path toward the next significant support at $2,800. Notably, unlike previous market cycles, Ethereum’s gas fees remain at historically low levels due to the successful implementation of the Dencun upgrade and increased Layer 2 adoption. The average gas price is approximately 2.7 Gwei, with simple transactions costing around $0.39, significantly reducing barriers to network usage. In the short term, Ethereum’s market trajectory appears closely tied to the $3,150 support level. Its correlation with Bitcoin remains strong; therefore, a downturn in Bitcoin could exert downward pressure on ETH below this critical threshold.

On December 11th, ETH ETFs experienced a total net outflow of $42.3 million, with Fidelity's FETH saw an outflow of $3.2 million.

Altcoins

Altcoins trailed Bitcoin, with an average decline of 15% compared to Bitcoin's 4.8% gain. The Alt Season Index is currently at 39. AI-related assets increased by 2.1%, with FET rising 9.6% prior to the TAO halving scheduled for December 13. Privacy-focused assets grew by 1.5%, with ZEC up 10% following the FOMC meeting. Leading performers include SUI, up 30.8%, and LINK, up 24%, supported by a $37 million ETF. Decliners include ZEC, down 10%, and ICP, down 5.5%. LUNA Classic rose 74% following the sentencing of Do Kwon on December 11.

Fear & Greed Index stands at 29, indicating a state of fear, an increase from 23 following the Federal Reserve's recent statement. Volatility has decreased, weighted at 25%; social sentiment has improved by 15% on hopes related to CPI data.

The Alt Season Index remains at 18, denoting a Bitcoin season where 18% of the top 100 altcoins outperform Bitcoin over the past 90 days. Bitcoin dominance has increased to approximately 58.7%.

Macro Data

Macro Environment Dynamics: Market participants are closely monitoring today’s U.S. CPI inflation report and tomorrow’s FOMC meeting. A lower-than-expected CPI figure could support a "pivot" narrative, potentially leading to a weaker DXY and increased demand for risk assets such as cryptocurrencies. The FOMC’s "dot plot" and accompanying commentary will be critical in shaping market outlooks. The 30-day correlation between Bitcoin and the S&P 500 has diminished, indicating that cryptocurrencies are increasingly trading based on their own unique catalysts, such as ETF developments, rather than broader equity market movements.

The consensus scenario of a cut with neutral-to-dovish guidance may fuel a relief rally. Conversely, a surprisingly restrictive message risks triggering another wave of liquidation in a highly leveraged market.

On December 11th, the S&P 500 gained 0.21%, standing at 6,900.99 points; the Dow Jones Industrial Average increased 1.34% to 48,704.01 points, and the Nasdaq Composite fell 0.26% to 23,593.86 points. The price of gold is $4,269.68, up 1.74%, at 2:00 UTC, December 12th.

Trending Tokens

FIS StaFi (+37.31%, Circulating Market Cap: $4.55 Million)

FIS is trading at $0.03501, up approximately 35.45% in the past 24 hours. StaFi is the first DeFi protocol unlocking liquidity of staked assets. Users can stake PoS tokens through StaFi and receive rTokens in return, which are available for trading, while still earning staking rewards. rToken is a synthetic staking derivative issued by StaFi to users when users stake PoS tokens through StaFi rToken App . rTokens are anchored to the PoS tokens staked by users and the corresponding staking rewards. rTokens can be transferred and traded at any time. Despite Binance’s Dec 17 delisting announcement on Dec 3, FIS rallied as the team emphasized long-term building (AI-powered staking, SubDAOs) and exchanges like BYDFi listed FIS in May 2025. Markets may have priced in the liquidity hit from Binance’s move, with residual holders betting on StaFi’s niche in liquid staking solutions. The project’s $4.5M market cap remains vulnerable to volatility, however.

ICNT Impossible Cloud Network (+33.31%, Circulating Market Cap: $53.94 Million)

ICNT is trading at $0.3224, up approximately 33.31% in the past 24 hours. Based in Switzerland and Germany, Impossible Cloud Network (ICN) is a decentralized infrastructure protocol designed to support enterprise-grade cloud services. ICN enables permissionless access to distributed hardware resources across storage, compute, and networking. The protocol aims to serve as a foundational infrastructure layer for digital applications, including artificial intelligence platforms, enterprise software, and web services. ICNT broke above its 30-day SMA ($0.275) and Fibonacci 38.2% retracement level ($0.299) on December 11, with RSI(7) hitting 70.4 – nearing overbought territory. The breakout suggests momentum traders are entering, but the MACD histogram turning negative (-0.000836) signals potential short-term consolidation. Volume surged 193% to $10.45M, indicating conviction behind the move.

ZEC Zcash (+16.96%, Circulating Market Cap: $1.34 Billion)

ZEC is trading at $459.37, up approximately 16.96% in the past 24 hours. Zcash is a decentralized cryptocurrency focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions. Phreeli, a U.S. mobile service launched December 8, uses Zcash’s zk-SNARKs to validate bills without exposing user identities. ZEC reclaimed the 61.8% Fibonacci level ($468.16) and saw a MACD bullish crossover (histogram: +2.43). The 7-day RSI (59.84) avoids overbought territory, leaving room for upside. Traders targeted the $519.26 pivot point, aligning with Nov’s “inverse head-and-shoulders” pattern that projects a $800–$1,000 target if $680 breaks.

Market News

Polymarket Users Suspect Insider Trading After Google Trend Markets Crown Surprise Winner

One of Polymarket’s most popular markets over the last few months, the #1 Searched Person on Google in 2025, came to a shocking conclusion yesterday, and one wallet stuck out as a potential insider who netted more than $1 million on the outcome. The user in question, known as 0xafEe, made $1.15 million by correctly betting on nearly every major candidate, despite the market's winner, d4vd, being given just a 0.2% chance of winning as recently as Nov. 29.

The user, previously known as “AlphaRacoon”, changed their username to “0xafEe” after the prediction market-focused social media accounts began to draw attention to the result.

While gamblers on Polymarket regularly make outsized returns on bold predictions, 0xafEe not only correctly guessed “Yes” on d4vd, but also correctly guessed “No” on the market’s leading candidates such as Pope Leo XIV, Bianca Censori, Donald Trump, and Zohran Mamdani.

In addition to their winnings on the overall search market, 0xafEe also aced betting “Yes” on Charlie Kirk being the most searched passing in 2025, and “No” on Sydney Sweeney being the most searched actor in 2025, despite Sweeney leading the charts throughout most of November. The 2025 Google Trends market marked a rare occasion in which Polymarket and many of its high-signal users were utterly wrong, while 0xafEe, or AlphaRacoon, was right.

Cross-Chain Liquidity Protocol LI.FI Raises $29M in Series A Extension

LI.FI, a Berlin-based protocol that aggregates onchain swaps and cross-chain bridges for developers, has raised a $29 million Series A extension led by Multicoin Capital and CoinFund, bringing its total funding to $51.7 million, the company said in a press release Thursday.

The company previously raised $17.5 million in a Series A round in May 2023. The startup positions itself as a universal liquidity layer that abstracts away fragmentation across blockchains, token standards and bridging solutions.

Its non-custodial, open-source infrastructure aggregates third-party bridges and decentralized exchanges behind a single integration, allowing applications to route trades and move assets across chains without building that plumbing in-house.

LI.FI CEO and co-founder Philipp Zentner said the company has expanded its product suite over the past year to support a wider range of partners and use cases, with the goal of making composability “invisible and reliable” for developers and end users, in the release.

Terraform Labs founder Do Kwon Sentenced to 15 Years over $40 Billion Terra-Luna Collapse: Inner City Press

Terraform Labs founder Do Kwon was sentenced to 15 years in prison for his role in the collapse of the Terra LUNA and Luna tokens, which is an implosion that wiped out $40 billion in 2022.

Kwon received the sentencing on Thursday in the Southern District of New York, according to reporting from Inner City Press. That surpassed the sentencing amount prosecutors has asked for earlier. Prosecutors argued Kwon should get 12 years in prison, citing his previous misconduct and the sheer size of the fraud, while Kwon's lawyers pushed for just five years. Kwon was criminally charged in March 2023 with conspiracy to commit fraud, commodities fraud, wire fraud, securities fraud, conspiracy to commit fraud, and engaging in a conspiracy to commit market manipulation and money laundering. Kwon later pleaded guilty in August to wire fraud and conspiracy to defraud.

The charges stem from the unraveling of Terra USD, which is an algorithmic stablecoin that uses market incentives via algorithms to maintain a stable price. Terra was linked to Luna, a governance token, using a faulty stabilization mechanism. Terra USD's disintegration provoked a contagion event that brought down several crypto entities in 2022. Prosecutors say Kwon lied about the risks and stability associated with the tokens. Without the plea deal, Kwon faced a maximum sentence of 135 years in prison if convicted on all nine charges. After agreeing to plead guilty to two charges, Kwon faced a maximum 25-year penalty. Prosecutors also previously pushed for a $19 million forfeiture.

Lawyers for Kwon, countered that a prison term of up to five years was sufficient, arguing that the crash was partly due to coordinated trades by third-party firms exploiting vulnerabilities, citing academic papers and reports from Chainalysis.

Kwon's legal saga has played out internationally. In March 2024, he was arrested in Montenegro for traveling with forged travel documents. At the time, both the U.S. and South Korea had issued warrants for his arrest, which led to a back-and-forth over where he would be extradited. Eventually, he was extradited to the U.S. in December 2024. Kwon may face additional legal challenges in South Korea. Kwon must serve at least half of this sentence before he can apply for a transfer to South Korea, and will reportedly receive credit for the 17 months he served in a Montenegrin prison.

Reference:

CoinMarketCap. (n.d.). CoinMarketCap. https://coinmarketcap.com

Farside Investors. (n.d.-a). Bitcoin. https://farside.co.uk/btc/

Farside Investors. (n.d.-b). Ethereum. https://farside.co.uk/eth/

Investing.com. (n.d.-a). USA Indices. https://investing.com/indices/usa-indices

GoldPrice.org. (n.d.). Spot gold price today. https://goldprice.org/spot-gold.html

The Defiant. (n.d.). Polymarket users suspect insider trading after Google Trend markets crown surprise winner. The Defiant. https://thedefiant.io/news/defi/polymarket-users-suspect-insider-trading-after-google-trend-markets-crown-surprise-winner

CoinDesk. (2025, December 11). Cross-chain liquidity protocol Li-Fi raises USD29M in Series A extension. CoinDesk. https://www.coindesk.com/business/2025/12/11/cross-chain-liquidity-protocol-li-fi-raises-usd29m-in-series-a-extension

The Block. (n.d.). Terraform Labs founder Do Kwon sentenced to 15 years over $40 billion Terra Luna collapse. The Block. https://www.theblock.co/post/382204/terraform-labs-founder-do-kwon-sentenced-to-15-years-over-40-billion-terra-luna-collapse-inner-city-press

CoinCatch Team

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Disclaimer:

Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.

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