Important news from last night and this morning (December 18-19)

Large whales are building positions in ETH during the price drop, while multiple whale positions face significant unrealized losses or the risk of liquidation. In the US regulatory arena, the Senate confirmed the heads of the CFTC and FDIC, and the crypto market structure bill is expected to be submitted for consideration in January. Institutional developments include Bitwise submitting an application for a SUI ETF, and the NYSE's parent company being in talks to invest in MoonPay.