On December 24, 2025, Philippine internet providers began blocking access to major crypto platforms, including Coinbase and Gemini, following a directive from the National Telecommunications Commission. The action signals tighter licensing enforcement for virtual asset service providers and disrupted local access, with affected exchanges yet to issue public statements and initial market reaction muted.

On Dec. 24, Bitcoin slipped back below $87,000 as several large-cap tokens rolled over from resistance. Glassnode said the 30‑day SMA of net flows into BTC and ETH ETFs turned negative, while CryptoQuant reported the 30‑day SMA of active addresses fell to 807,000 and Binance deposit/withdraw address activity hit annual lows.

BlackRock-linked wallets moved 2,292 BTC and 9,976 ETH to Coinbase, valued around $428 million. Its Bitcoin ETF recorded a $118.64 million outflow on Monday, and the latest transfer came roughly 24 hours after a prior deposit. During the move, major coins fell, with Bitcoin and Ethereum down 0.49% and 0.56% over the last day.

This week, internet service providers in the Philippines began blocking access to 50 online crypto trading platforms, including major U.S.-based exchanges Coinbase and Gemini, after orders from national regulators. The National Telecommunications Commission acted on a request from the Bangko Sentral ng Pilipinas to restrict unlicensed virtual asset service providers under BSP Circular No. 1206, leaving many local traders facing frozen accounts and disrupted withdrawals.

XRP is changing hands around $1.85 while a rare 3-week Stochastic RSI reading of 0, last seen at the 2022 bear market bottom, appears again and hints at easing selling pressure. Analysts highlight a developing daily bullish divergence and expect XRP to fluctuate between $1.82 and $1.98 as Bitcoin and thin holiday liquidity continue to drive short-term volatility.

On Wednesday, December 24, BlackRock moved 2,292 Bitcoin worth about $200 million and 9,976 Ethereum valued around $30 million to Coinbase Prime before partially buying back 499 BTC and 1,511 ETH. The asset manager currently holds roughly $77.6 billion in crypto, mostly in Bitcoin and Ethereum, while both coins trade below key resistance levels during a broader market downturn.

Binance will remove five spot trading pairs — BIO/FDUSD, ENS/FDUSD, INJ/ETH, TREE/BNB and VTHO/TRY — on Dec. 26 at 3:00 a.m. (UTC). The exchange also scheduled Ethereum network wallet maintenance for Dec. 25 at 6:00 a.m. (UTC), temporarily pausing deposits and withdrawals.

On December 24, 2025, HashKey Capital announced the first close of its HashKey Fintech Multi-Strategy Fund IV, securing $250 million in commitments. The firm is targeting a $500 million final fund size and drew interest from institutional allocators, family offices, and high‑net‑worth investors.