Binance Market Update: Crypto Market Trends | December 14, 2025
According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.04T, down by 1.00% over the last 24 hours.Bitcoin (BTC) has been trading between $89,766 and $90,635 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $90,065, down by 0.42%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include MOVE, HUMA, and AXL, up by 21%, 11%, and 10%, respectively.Top stories of the day:Analysis: Bitcoin Options Worth $23.8 Billion Set to Expire in DecemberBitcoin May Strengthen After Policy Pressure Release, Says Glassnode Co-FounderBitMine Approaches 4% of Ethereum Supply, Plans to Retain HoldingsFederal Reserve's Interest Rate Projections for Early 2026Cryptocurrency Exchange Leverage Hits Lowest Level Since MaySouth Korea's Wealthy Population Projected to Rise by 2025XRP Sentiment Turns Bullish Amid ETF Inflows and Market DevelopmentsNFT Market Experiences Decline in Weekly Trading VolumeBitcoin Spot Price Pressured by Long-Term Holders' Options StrategyVenture Capital Firms Invest $176 Million in Crypto SectorMarket movers:ETH: $3110.57 (-0.14%)BNB: $896.23 (+0.89%)XRP: $2.0125 (-1.13%)SOL: $132.47 (-0.95%)TRX: $0.2752 (+0.70%)DOGE: $0.1376 (-0.52%)ADA: $0.4064 (-1.24%)WLFI: $0.1427 (-0.35%)WBTC: $89881.77 (-0.43%)BCH: $574.9 (-0.10%)
Strategy slams MSCI proposal to exclude digital asset treasuries from indexes: CNBC Crypto World
On today’s episode of CNBC Crypto World, digital currency investors react to the Fed’s decision to cut rates. Plus, Strategy pushes back on a proposal from MSCI to exclude digital asset treasury companies from its global indexes. And, Marco Santori of Solmate discusses the company’s deal with RockawayX as well as Abu Dhabi’s position as a global crypto hub.
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The BitConnect scam was a classic cryptocurrency Ponzi scheme that ran from 2016 to 2018, involving an amount of $2.4 billion and affecting investors from 95 countries.
The founders, Satish Kumbhani and others, created the cryptocurrency lending platform BitConnect, fabricating the concepts of "exclusive trading bots" and "volatility software." They claimed that once investors deposited their funds with the platform, this system could profit by capturing fluctuations in the cryptocurrency market, also promising daily interest of about 1% and monthly interest of up to 40% in compound returns, thus attracting a large number of investors. In the investment process, investors needed to first transfer Bitcoin to a wallet controlled by the platform, exchange it for the platform-issued BCC tokens, and then "lend" them to the platform to obtain the so-called "returns."
Investigations confirmed that the platform had no trading technology capable of delivering high returns, and the so-called trading bots were merely a facade for the scam. Its essence was to use the funds from new investors to pay the "returns" to old investors, while the team would also manipulate the price of BCC tokens, creating a false impression of high demand for the tokens and the reliability of the investment. During this time, the price of BCC tokens once soared to over $400, and the platform's peak market value reached $3.4 billion.
In early 2018, the Texas Securities Commission and regulators from multiple countries noticed anomalies, issuing an emergency ban on the platform and launching an investigation. In January of the same year, the platform was forced to suddenly shut down its core lending operations, leading to a 92% plunge in the price of BCC tokens within 24 hours, with its market value evaporating by $2.6 billion, causing countless investors to suffer heavy losses.
After the scam was exposed, those involved were pursued globally. Glenn Arcaro, a major promoter in the U.S., was sentenced to 38 months in prison and ordered to compensate 800 victims with $17 million; founder Satish Kumbhani was indicted by the U.S. Department of Justice in 2022 but remains at large. In February 2025, the Indian Enforcement Directorate seized $198 million in cryptocurrency and some cash, luxury cars, and other assets related to the scam, but a significant amount of investor losses worldwide have still not been recovered. Additionally, the scam has triggered multiple class-action lawsuits and has prompted improvements in subsequent cryptocurrency regulatory rules in various countries.