Crypto Daily | Bitcoin Surpasses $90K and ETH Surges Above $3,000; Crypto Treasury Companies Face Uncertain Future by 2026, Says MoreMarkets CEO

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Bitcoin(BTC) Surpasses $90,000 with a 2.8% Increase in 24 Hours

Bitcoin has crossed the $90,000 benchmark and is now trading at $90,108, with a narrowed 2.8% increase in 24 hours.

Ethereum(ETH) Surpasses $3,000 with a 3.5% Increase in 24 Hours

Ethereum has crossed the $3,000 benchmark and is now trading at $3,036, with a narrowed 3.5% increase in 24 hours.

Coinbase Says Former Agent Arrested In India Over Exchange Hack

Coinbase Global, Inc. Chief Executive Officer Brian Armstrong said that a former customer service agent for the largest US crypto exchange was arrested in India, months after hackers bribed customer service representatives to gain access to customer information.

In May, the company said hackers bribed contractors or employees outside the US to steal sensitive customer data and demanded a $20 million ransom, in one of the most high-profile security breaches of a crypto trading platform. At the time, San Francisco-based Coinbase estimated the incident could cost up to $400 million to remedy.

Polymarket and Kalshi Achieve Record Performance in 2025

CoinDesk reported on the X platform that Polymarket and Kalshi achieved their best performance in history in 2025. The combined trading volume of the two companies approached $40 billion, and both companies reached valuations in the billions of dollars.

Crypto Treasury Companies Face Uncertain Future by 2026, Says MoreMarkets CEO

Altan Tutar, co-founder and CEO of MoreMarkets, has expressed concerns about the future of most crypto treasury (DAT) companies by 2026. Tutar predicts a significant decline in the stock prices of many large treasuries. He highlights that cryptocurrency funds focusing on altcoins will be particularly vulnerable, as they struggle to maintain a company market value exceeding their cryptocurrency holdings. Tutar also suspects that flagship DATs like Ethereum, Solana, and XRP may soon face similar challenges.

Mirae Asset Eyes Korbit in Potential $100M Crypto Exchange Deal

Global financial company Mirae Asset Group is looking to purchase Korbit, one of South Korea’s largest cryptocurrency exchanges. 

The deal, according to the press release, is valued at about 100 billion to 140 billion won, The Chosun Daily reported Sunday. The range equates to roughly US$70 million to US$100 million (AU$153 million).

Bitcoin Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF last Friday was $275.88 million. The total net asset value of Bitcoin spot ETFs is $113.53 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.49%.

The Bitcoin spot ETF with the highest net outflow on Dec. 26 was iShares Bitcoin Trust ETF, with a net outflow of $192.61 million. Followed by Fidelity Wise Origin Bitcoin Fund, with a net outflow of 74.38 million, according to SoSoValue.

SoSoValue