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IOSG Founding Partner: 2025 will be the "worst year" for the crypto market, but BTC may reach $120,000–$150,000 in the first half of 2026
PANews, December 21 – Jocy, founding partner of IOSG, posted on X that 2025 will be the "worst year" for the crypto market. OG investors will experience three waves of sell-offs. From March 2024 to November 2025, long-term holders (LTH) will cumulatively sell about 1.4 million BTC (worth $121.17 billions): First wave (end of 2023 to early 2024): ETF approval, BTC rises from $25,000 to $73,000; Second wave (end of 2024): Trump is elected, BTC surges toward $100,000; Third wave (2025): BTC remains above $100,000 for an extended period. Unlike the single explosive distributions in 2013, 2017, and 2021, this time it will be a multi-wave, sustained distribution. Over the past year, BTC has been consolidating at its peak for a year, something that has never happened before. Since the beginning of 2024, the number of BTC unmoved for over two years has decreased by 1.6 million (about $140 billions). However, the other side of risk is opportunity. In terms of investment logic:
Short term (3-6 months): Fluctuation between $87,000 and $95,000, institutions continue to accumulate positions;
Mid-term (first half of 2026): Driven by both policy and institutions, target $120,000-$150,000;
Long term (second half of 2026): Increased volatility, depending on election results and policy continuity.
PANews, December 21 – Jocy, founding partner of IOSG, posted on X that 2025 will be the "worst year" for the crypto market. OG investors will experience three waves of sell-offs. From March 2024 to November 2025, long-term holders (LTH) will cumulatively sell about 1.4 million BTC (worth $121.17 billions): First wave (end of 2023 to early 2024): ETF approval, BTC rises from $25,000 to $73,000; Second wave (end of 2024): Trump is elected, BTC surges toward $100,000; Third wave (2025): BTC remains above $100,000 for an extended period. Unlike the single explosive distributions in 2013, 2017, and 2021, this time it will be a multi-wave, sustained distribution. Over the past year, BTC has been consolidating at its peak for a year, something that has never happened before. Since the beginning of 2024, the number of BTC unmoved for over two years has decreased by 1.6 million (about $140 billions). However, the other side of risk is opportunity. In terms of investment logic:
Short term (3-6 months): Fluctuation between $87,000 and $95,000, institutions continue to accumulate positions;
Mid-term (first half of 2026): Driven by both policy and institutions, target $120,000-$150,000;
Long term (second half of 2026): Increased volatility, depending on election results and policy continuity.
Opinion: 2025 will be the "worst year" for the crypto market, but bitcoin may reach $120,000-$150,000 in the first half of 2026
According to Odaily, IOSG founding partner Jocy posted on X stating that 2025 will be the "worst year" for the crypto market, with OG investors experiencing three waves of sell-offs. From March 2024 to November 2025, long-term holders (LTH) are expected to cumulatively sell about 1.4 million BTC (worth $121.17 billion): The first wave (end of 2023 to early 2024): ETF approval, BTC rises from $25,000 to $73,000; the second wave (end of 2024): Trump is elected, BTC surges towards $100,000; the third wave (2025): BTC remains above $100,000 for an extended period. Unlike the single explosive distribution seen in 2013, 2017, and 2021, this time features multiple sustained waves of distribution. Over the past year, BTC has been consolidating at its peak for an entire year, something that has never happened before. Since the beginning of 2024, the amount of BTC unmoved for over two years has decreased by 1.6 million (about $140 billion). However, the other side of risk is opportunity, and in terms of investment logic:
Short term (3-6 months): Fluctuation in the $87,000-$95,000 range, institutions continue to accumulate positions;
Mid term (first half of 2026): Driven by both policy and institutions, target of $120,000-$150,000;
Long term (second half of 2026): Increased volatility, depending on election results and policy continuity.
According to Odaily, IOSG founding partner Jocy posted on X stating that 2025 will be the "worst year" for the crypto market, with OG investors experiencing three waves of sell-offs. From March 2024 to November 2025, long-term holders (LTH) are expected to cumulatively sell about 1.4 million BTC (worth $121.17 billion): The first wave (end of 2023 to early 2024): ETF approval, BTC rises from $25,000 to $73,000; the second wave (end of 2024): Trump is elected, BTC surges towards $100,000; the third wave (2025): BTC remains above $100,000 for an extended period. Unlike the single explosive distribution seen in 2013, 2017, and 2021, this time features multiple sustained waves of distribution. Over the past year, BTC has been consolidating at its peak for an entire year, something that has never happened before. Since the beginning of 2024, the amount of BTC unmoved for over two years has decreased by 1.6 million (about $140 billion). However, the other side of risk is opportunity, and in terms of investment logic:
Short term (3-6 months): Fluctuation in the $87,000-$95,000 range, institutions continue to accumulate positions;
Mid term (first half of 2026): Driven by both policy and institutions, target of $120,000-$150,000;
Long term (second half of 2026): Increased volatility, depending on election results and policy continuity.
The probability of the Fed cutting interest rates by 25 basis points in January next year has decreased to 22.1%.
BlockBeats News, December 21st, according to CME's "FedWatch" data, the probability of the Fed cutting interest rates by 25 basis points in January next year is 22.1%, while the probability of keeping rates unchanged is 77.9%.
BlockBeats News, December 21st, according to CME's "FedWatch" data, the probability of the Fed cutting interest rates by 25 basis points in January next year is 22.1%, while the probability of keeping rates unchanged is 77.9%.
Governor of the Central Bank of Russia: Bitcoin mining industry has pushed up the ruble exchange rate
Foresight News reported that Elvira Nabiullina, Governor of the Central Bank of Russia, stated in an interview with Russian media outlet RBC that it is currently difficult to quantify the impact of cryptocurrency mining, as a large part of it still operates in a grey area. However, mining is indeed one of the factors contributing to the strengthening of the ruble exchange rate.
In addition, a Russian presidential aide also stated earlier this month that cryptocurrency mining is "a new export product" and is having an impact on Russia's foreign exchange market.
Foresight News reported that Elvira Nabiullina, Governor of the Central Bank of Russia, stated in an interview with Russian media outlet RBC that it is currently difficult to quantify the impact of cryptocurrency mining, as a large part of it still operates in a grey area. However, mining is indeed one of the factors contributing to the strengthening of the ruble exchange rate.
In addition, a Russian presidential aide also stated earlier this month that cryptocurrency mining is "a new export product" and is having an impact on Russia's foreign exchange market.
Arthur Hayes address received over 130,000 PENDLE
Foresight News reported, according to Nansen monitoring, Arthur Hayes' address received over 130,000 PENDLE from Flowdesk, worth approximately $260,000.
Foresight News reported, according to Nansen monitoring, Arthur Hayes' address received over 130,000 PENDLE from Flowdesk, worth approximately $260,000.
A smart money address has taken a 3x long position on ETH, with holdings valued at approximately $89 million.
ChainCatcher News, according to monitoring by The Data Nerd, a smart money address (with a profit of $19 million in the past month) went 3x long on ETH on Hyperliquid yesterday, with a position value of approximately $89 million.
ChainCatcher News, according to monitoring by The Data Nerd, a smart money address (with a profit of $19 million in the past month) went 3x long on ETH on Hyperliquid yesterday, with a position value of approximately $89 million.
A certain smart money address has tripled down on ETH, with a position worth approximately $89 million.
BlockBeats News, December 21st, according to The Data Nerd monitoring, a whale address (making a $19 million profit in 1 month) went long on ETH with 3x leverage on Hyperliquid yesterday, with a position worth approximately $89 million.
BlockBeats News, December 21st, according to The Data Nerd monitoring, a whale address (making a $19 million profit in 1 month) went long on ETH with 3x leverage on Hyperliquid yesterday, with a position worth approximately $89 million.
Indiana lawmaker: Cryptocurrency bills should not only benefit mainstream assets like BTC
TechFlow News, December 21, according to Decrypt, Indiana State Representative Kyle Pierce stated that although Bitcoin is the first crypto asset, legislation should not only benefit BTC. In the crypto bill he submitted this month, he deliberately kept the terms broad and did not set a market cap threshold, aiming to avoid "picking winners and losers" in legislation. Pierce emphasized that the goal is to promote the entire crypto market, rather than focusing on Bitcoin, Ethereum, or Tether. Unlike states such as New Hampshire, the bill does not set a $500 billion market cap limit. Pierce noted that newly issued tokens are not suitable for public employee retirement investments and that adjustments will be made during hearings.
The bill also includes protections for miners, stipulating that the state government may not take targeted negative actions against mining activities.
Previous news: Indiana lawmakers proposed supporting the inclusion of Bitcoin in pensions and protecting crypto payment rights.
TechFlow News, December 21, according to Decrypt, Indiana State Representative Kyle Pierce stated that although Bitcoin is the first crypto asset, legislation should not only benefit BTC. In the crypto bill he submitted this month, he deliberately kept the terms broad and did not set a market cap threshold, aiming to avoid "picking winners and losers" in legislation. Pierce emphasized that the goal is to promote the entire crypto market, rather than focusing on Bitcoin, Ethereum, or Tether. Unlike states such as New Hampshire, the bill does not set a $500 billion market cap limit. Pierce noted that newly issued tokens are not suitable for public employee retirement investments and that adjustments will be made during hearings.
The bill also includes protections for miners, stipulating that the state government may not take targeted negative actions against mining activities.
Previous news: Indiana lawmakers proposed supporting the inclusion of Bitcoin in pensions and protecting crypto payment rights.
Pundi AI partners with LinqAI: Driving innovation in decentralized AI from data to computing power
According to Odaily, Pundi AI has announced a partnership with the development team of the decentralized computing network LinqProtocol, LinqAI, to jointly build a decentralized AI ecosystem powered by trusted data and scalable computing power. Pundi AI enables the community to create and validate high-quality AI training data through on-chain traceability and tokenized ownership, while LinqProtocol provides global GPU and CPU resources through a permissionless computing network, allowing AI tasks to be run at costs lower than centralized cloud solutions.
This collaboration will combine Pundi AI's verifiable datasets with LinqProtocol's computing power network to unlock new use cases that require intensive computation, such as advanced AI agents, inference workloads, simulation, and automation. Both parties share the vision of enabling users to control the value they create, ensuring data belongs to its creators and computing power is transparent and globally distributed. In the future, as both ecosystems expand, more integrations, incentive mechanisms, and developer opportunities will be introduced, jointly building a community-driven, open-network-supported AI future.
According to Odaily, Pundi AI has announced a partnership with the development team of the decentralized computing network LinqProtocol, LinqAI, to jointly build a decentralized AI ecosystem powered by trusted data and scalable computing power. Pundi AI enables the community to create and validate high-quality AI training data through on-chain traceability and tokenized ownership, while LinqProtocol provides global GPU and CPU resources through a permissionless computing network, allowing AI tasks to be run at costs lower than centralized cloud solutions.
This collaboration will combine Pundi AI's verifiable datasets with LinqProtocol's computing power network to unlock new use cases that require intensive computation, such as advanced AI agents, inference workloads, simulation, and automation. Both parties share the vision of enabling users to control the value they create, ensuring data belongs to its creators and computing power is transparent and globally distributed. In the future, as both ecosystems expand, more integrations, incentive mechanisms, and developer opportunities will be introduced, jointly building a community-driven, open-network-supported AI future.