December 26, 2025; Crypto markets mainly traded lower over the past 24 hours as investor sentiment remained entrenched in extreme fear. Data from CoinGecko shows the NFT sector leading losses with a 7.38% decline, while most other crypto sectors also moved into negative territory.
In contrast, AI and SocialFi tokens posted modest gains despite broader weakness. Market sentiment has now remained in extreme fear for 14 consecutive days, according to TradingView, surpassing levels seen during the 2022 FTX collapse, even as Bitcoin trades near $88,650, well above the roughly $16,000 lows of that period.
Below is the latest live crypto news from across the digital asset space.
Solana-Based Stablecoin USX Briefly Depegs
The Solana-based stablecoin USX temporarily lost its dollar peg, plunging to as low as $0.10 on secondary markets following a liquidity drain. After SolsticeFi injected emergency liquidity, the token rebounded sharply, first stabilizing around $0.94 before continuing its recovery toward parity. At the time of writing, USX was trading near $0.99, though it has not yet fully re-established a sustained dollar peg.
Uniswap Governance Approves UNIfication Proposal
Uniswap governance has approved the UNIfication proposal, marking a major shift in the protocol’s economic structure.
Voting concluded on Thursday with 99.9% support, according to Uniswap founder Hayden Adams, who shared the results on X. More than 125 million UNI tokens were cast in favor of the proposal, compared with just 742 tokens voting against, underscoring near-universal consensus among governance participants.
Gemini Launches BNB Trading and Custody in the U.S.
U.S.-based crypto exchange Gemini announced the launch of trading and custody support for BNB, the native token of the BNB Chain ecosystem originally issued by Binance in 2017.
The move places Gemini alongside Kraken, which already supports BNB trading, while Coinbase has added the token to its listing roadmap but has not yet enabled trading. The announcement was shared via Gemini’s official channels.
BTC ‘OG Insider Whale’ Faces $41.8M Unrealized Loss
A so-called “BTC OG Insider Whale” has paid more than $2.9 million in funding fees while holding large long positions across Bitcoin, Ethereum, and Solana, according to HyperInsight data cited by Binance.
As of December 26, the whale’s total exposure is estimated at $755.5 million, with a combined unrealized loss of $41.8 million. The bulk of the losses stem from Ethereum, where the trader’s $603.7 million ETH long position is currently showing a $35.6 million floating loss.
CZ Says Trust Wallet Will Cover Hack Losses
Binance founder Changpeng Zhao (CZ) said Trust Wallet will fully cover losses from a recent hacking incident that resulted in approximately $7 million in damages.
In a post on December 26, CZ assured users on X that funds remain safe and said investigations are ongoing into how attackers were able to release a compromised version of the wallet’s browser extension.
Crypto markets continue to face pressure as extreme fear dominates sentiment, even with Bitcoin holding near multi-year highs. Security incidents, leveraged positioning, and governance shifts remain key areas of focus as traders navigate thin liquidity conditions heading into the final days of 2025.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, and readers should conduct their own research or consult qualified professionals before making investment decisions.