According to Binance Market Data, BNB crossed the 670 USDT benchmark and is now trading at 671 USDT, with a 0.74% decrease in 24 hours.

According to Foresight News, a whale address suspected to be associated with Longling Capital has made a significant purchase of 6,000 ETH, valued at approximately $21.91 million, following a recent decline in Ethereum's price. This address is known for its strategy of buying low and selling high, having accumulated profits of $83 million through such transactions.

Since May 8, 2023, the address has acquired a total of 75,400 ETH at an average price of $2,392 per ETH, amounting to roughly $180.4 million. In contrast, it has sold 50,800 ETH at an average price of $3,401 per ETH, generating approximately $172.8 million. This strategic trading approach has allowed the address to capitalize on market fluctuations effectively, demonstrating a keen ability to time the market for maximum profit.

According to PANews, the rise of artificial intelligence (AI) is reshaping the internet landscape, challenging the traditional economic model where a few companies, primarily Google, drive demand while creators supply content. AI tools now generate and summarize content, reducing the need for users to visit content providers' websites, thus disrupting this balance. Additionally, AI-driven deepfakes and bots are eroding trust in the online world, as large tech companies with vast data and computational resources continue to invest in AI, further closing off the internet.

Technological progress is inevitable, and while government regulation could help, it often slows innovation. Instead, empowering individuals to control their digital lives is crucial. Blockchain technology offers a solution by enforcing ownership and creating a decentralized network that verifies transactions, ensuring rules and records remain unchanged without consensus. Smart contracts automate and enforce ownership, providing a system of transparency, security, and trust, allowing users full control over their digital lives. For creators, this means they can dictate how others, including AI systems, use their work.

Blockchain also enforces identity ownership, allowing individuals to carry their identity online without relying on third parties. This technology can distinguish real users from bots and imposters, paving the way for 'proof of humanity' on the internet by 2025. Blockchain will create tamper-proof records of original digital content, acting as a bulwark against deepfakes. Unique digital fingerprints can be provided and stored for videos, photos, or recordings, with any alterations easily detectable. Blockchain can also store metadata and verification proofs from trusted sources, further ensuring content authenticity.

By 2025, blockchain will help realize the internet's original ideals, fostering a more creative, open, and diverse network. Currently, users depend on a few internet giants heavily invested in AI, who advocate for regulations to block smaller competitors. Previously open websites and applications have introduced paywalls, restricted APIs, deleted archives, edited past content without permission, and added intrusive ads. Blockchain alternatives will offer more choices, open-source innovation, and community-controlled options, championing the open internet. Cryptocurrencies will begin to shift power from large tech companies back to users.

According to Odaily, the Solana network processed an impressive 66.9 million transactions on December 17, surpassing the combined total of other major blockchains. This achievement highlights Solana's leading position in user engagement, as it accounted for more than half of the daily active addresses on major blockchain platforms during the same period.

In addition to its transaction volume, decentralized trading on Solana has seen significant growth, with daily trading volumes reaching approximately $5 billion. Market experts attribute this remarkable performance to the launch of the native token PENGU by Pudgy Penguins on the Solana network. This development has likely contributed to the increased activity and engagement observed on the platform.

Solana’s native token, SOL, has recorded a 9% decline over the past week, with a 3% drop on Dec. 19 alone. As of today, SOL trades at $210, 20% below its $264 all-time high reached on Nov. 24. This downturn is influenced by a combination of market-wide sell-offs, declining total value locked (TVL), and reduced on-chain activity.Market-Wide Sell-Off Affects SOL PriceA broader cryptocurrency market correction has weighed heavily on Solana’s price. Federal Reserve Chair Jerome Powell’s hawkish comments about the 2025 economic outlook triggered panic selling. Bitcoin (BTC) dropped 2.7%, and Ethereum (ETH) fell 4.6%, reflecting a general bearish sentiment.The Federal Reserve’s decision to cut rates by 25 basis points was overshadowed by Powell’s post-announcement statements, which revised the 2025 inflation outlook to 2.5% and indicated limited further rate cuts. These developments caused the total crypto market cap to fall 3.8% over 24 hours, resting at $3.53 trillion.Declining TVL on SolanaSolana’s total value locked (TVL) decreased by 4.5% over the last seven days, dropping from $9.37 billion on Dec. 12 to $8.9 billion. Data from DeFiLlama shows that layer 2 protocols like Jito and Sanctum posted significant TVL losses, reflecting reduced interest in Solana-based DeFi applications.This decline in TVL mirrors the drop in SOL’s price, highlighting fading trader interest. On-chain data from Dune reveals a sharp reduction in daily transactions on Solana’s network, nearly halving since Nov. 20. Additionally, daily revenues fell from a year-to-date high of 55,832 SOL ($12 million) on Nov. 23 to 5,391 SOL ($1.13 million) on Dec. 18.Technical Analysis: Bearish Trends and Key LevelsSolana’s price action has painted an inverted V-shaped pattern on the daily timeframe. Resistance at the $215–$230 supply zone, coupled with a Relative Strength Index (RSI) below 50, signals seller dominance. Immediate support lies between $190 and $200, reinforced by the 100-day and 200-day exponential moving averages (EMAs). A close below $190 could push SOL toward $150.Conversely, holding above $200 could invalidate the bearish outlook. Optimistic analysts like Jelle anticipate a breakout, citing Solana’s formation of a falling wedge and higher lows on lower timeframes. “Still believe this one is back in price discovery before Christmas. Bring on $300,” Jelle shared on Dec. 18.Challenges Ahead for SolanaThe current trends indicate significant challenges for Solana, including declining TVL, suppressed on-chain activity, and stiff market resistance. However, the community’s resilience and potential recovery in broader market conditions may support SOL’s price rebound, according to Cointelegraph.