Crypto News Today: Latest Updates for 24 Dec 2025, Bitcoin Slips Below $88k, Drags Altcoins Down

Solana is down 37%. Dogecoin and Cardano lost over 60%. Avalanche and Shiba Inu took the worst hits, declining nearly 70%. 

While Altcoins are struggling, US President Donald Trump’s World Liberty Financial’s USD1 Stablecoin’s market value rose by $150 million. It climbed roughly $2.74 billion to $2.9 billion. 

The Trump family-linked stablecoin, USD1, just saw a $150M supply increase in a single day.

As the asset cements its position as a top-10 stablecoin, the market is reacting to its massive integration into global exchange liquidity. #USD1 pic.twitter.com/4qAY6uWnf0

— Conor Kenny (@conorfkenny) December 24, 2025

The surge came shortly after Binance announced its USD1 Boost Program. Binance is offering enhanced yields of up to 20% annual percentage rate on USD1 held in its Simple Earn Flexible products. According to the company, it is designed to help USD1 holders to maximise their rewards. “We are kickstarting the first promotion with USD1 Simple Earn Flexible Products,” said Binance. 

Santa came early @Binance just unwrapped a massive gift for the USD1 community. USD1 holders can now earn up to 20% APR on @Binance Earn, limited at $50,000 USD1 per user.

More Details : https://t.co/pra5ia2mjh

— WLFI (@worldlibertyfi) December 24, 2025

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Russia is set to permit both qualified and non-qualified (retail) investors to acquire digital assets under specific rules. However, investors will be limited to purchasing 300,000 rubles worth of crypto annually under the new framework. 

Interestingly, both qualified and non-qualified investors will need to pass a test in order to invest.   

“According to the concept, digital currencies and stablecoins are recognized as currency values, they can be bought and sold, but they cannot be used to pay within the country,” the government statement said. 

BREAKING NEWS:

Bank of Russia prepares cryptocurrency regulation, may let unqualified investors buy crypto assets. pic.twitter.com/t6ZgV4k1y7

— Kenny Nguyen (@mrnguyen007) December 23, 2025

Meanwhile, qualified investors will be able to buy unlimited amounts of any cryptocurrencies, except anonymous tokens, after passing a risk-awareness test.

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US-listed Bitcoin and Ethereum ETFs saw net outflows yesterday ahead of the holiday season. Bitcoin ETFs saw net outflows of nearly $188.6 million yesterday and $500 million last week, per SoSoValue data. Holiday trading volumes thinned out, amplifying volatility as Bitcoin tested $84,450 support and Ethereum’s RSI signalled bearish momentum.

ETF FLOWS: On December 23.#BTC ETFs saw $-188,63M in net outflow.#ETH ETFs saw $-95,52M in net outflow.#XRP ETFs saw $8,18M in net inflow.#SOL ETFs saw $4,19M in net inflow. pic.twitter.com/6VI3fK7TTP

— mracrypto (@MRACRYPTO_) December 24, 2025

Vincent Liu, CIO of Kronos Research, said the outflows from BTC and ETH ETFs reflect year-end mechanics rather than a shift in investor conviction, with thin liquidity, portfolio rebalancing, and profit-taking driving the moves.

The Bank of Japan raised rates by 25 basis points. This too contributes to a risk-off sentiment that saw crypto markets extend slides even as equities surged. Japan also proposed cutting crypto tax to a flat 20%, boosting local traders under a separate framework.