Crypto Daily | Binance Publishes Updated Listing Framework, Bans Third-Party Intermediaries; Polymarket Prices 35% Chance of Bitcoin Falling Below $80K in December

Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Crypto markets staged a tentative rebound even as macro warning signs continued to flash. Bitcoin climbed 2% to reclaim the $87,000 level, while Ethereum remained range-bound near $2,900.

The rebound comes against a cautious backdrop highlighted by 10x Research, which warned that widespread optimism around 2026 is increasingly disconnected from underlying data. Despite the bounce, the crypto fear and greed index sits at 16, firmly in “extreme fear,” suggesting investor confidence remains fragile.

Binance Publishes Updated Listing Framework, Bans Third-Party Intermediaries and Issues Blacklist

Binance has issued a formal announcement detailing its listing process for Alpha, futures, and spot markets, underscoring that all project teams must submit applications through official channels only. The exchange reiterated that third-party intermediaries offering listing “services” are strictly prohibited and warned of legal consequences for fraudulent representation.

Binance also released a blacklist of entities and individuals allegedly posing as intermediaries, including BitABC, Central Research, May/Dannie, Andrew Lee, Suki Yang, Fiona Lee, and Kenny Z. The exchange said the move aims to enhance transparency, reduce scams, and safeguard project teams amid continued demand for listings on the world’s largest crypto trading platform.

Polymarket Prices 35% Chance of Bitcoin Falling Below $80K in December

Prediction market Polymarket is signaling elevated downside risk for Bitcoin in the near term, despite recent price stability. As of December 17, traders assign a 35% probability that Bitcoin will drop below $80,000 before the end of the month, while the odds of a deeper fall below $70,000 stand at 6%. On the upside, the probability of Bitcoin breaking above the $100,000 level in December is currently priced at just 9%, reflecting cautious market expectations.

Source: Polymarket

BitMine Boosts Ethereum Treasury With $140M ETH Purchase, Targets 5% of Total Supply

BitMine Immersion Technologies has expanded its Ethereum holdings with the transfer of roughly 48,049 ETH, valued at about $140 million, from FalconX-linked wallets to its own addresses, according to on-chain data. The latest acquisition follows last week’s addition of 102,259 ETH, lifting the publicly listed company’s total ETH holdings to approximately 3.97 million, around 3.2% of Ethereum’s circulating supply.

Chaired by Fundstrat’s Tom Lee, BitMine has outlined ambitions to raise its stake to 5%, positioning itself as the largest corporate holder of Ether. Lee cited long-term catalysts including AI-driven demand and upcoming staking-related upgrades, while backing from firms such as Kraken and Galaxy Digital underscores growing corporate interest in crypto as a balance-sheet asset despite ongoing market volatility.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Wednesday was $346.12 million. The total net asset value of Bitcoin spot ETFs is $113.73 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.56%.

Source: SoSoValue

The Bitcoin spot ETF with the highest net inflow on Dec. 17 was Fidelity Wise Origin Bitcoin Fund, with a net inflow of $391.49 million. The Bitcoin spot ETF with the highest net outflow on Dec. 17 was ARK 21Shares Bitcoin ETF, with a net outflow of $36.96 million, according to SoSoValue.

Source: SoSoValue