Foresight News reports that, according to Bloomberg, Tether plans to raise up to $20 billion through a stock issuance and will consider tokenizing the shares after the sale is completed. Sources familiar with the matter revealed that Tether executives are considering various options, including share buybacks, and storing the company's stock in digital form on the blockchain through tokenization after the transaction. The sources also disclosed that at least one existing shareholder previously planned to sell shares at a price significantly below the company's $500 billion valuation, but Tether intervened to prevent this plan. The sources further revealed that Tether's management is concerned that a sell-off by current investors could impact its massive fundraising efforts. Due to the involvement of confidential information, these individuals requested anonymity. One insider stated that the company currently has no plans to allow existing shareholders to sell shares in this round of major financing.

BlockBeats News, December 12, According to Coinglass data, the funding rates for major CEX and DEX platforms indicate that the market has shifted from bearish to neutral. The specific funding rates for mainstream cryptocurrencies are shown in the attached chart. BlockBeats Note: Funding rates are rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. It is a mechanism for exchanging funds between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit for traders holding contracts, keeping the contract price close to the underlying asset price. When the funding rate is 0.01%, it indicates the baseline rate. When the funding rate exceeds 0.01%, it represents a generally bullish market. When the funding rate is below 0.005%, it indicates a generally bearish market.

This article summarizes cryptocurrency news as of December 12, 2025, including the latest updates on Bitcoin, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include: 1. The US SEC allows DTCC to custody and recognize tokenized stocks and other RWA assets on the blockchain 2. Hex Trust will issue and custody wXRP to expand its DeFi applications across multiple blockchains 3. The Solana ecosystem's MEV-based liquidity staking reward protocol Toby will launch a token

World announces its app has received a major upgrade. The new version introduces encrypted chat, virtual accounts, and support for encrypted payments with over 100 assets, officially moving towards a “super app” that combines identity verification and global payments. Led by Sam Altman, the core goal of the project is to provide users with reliable human verification tools in an era of rapid AI technological development. According to the official announcement, this upgrade allows users to send, recharge, and withdraw cryptocurrencies within the World wallet and virtual accounts, experiencing a convenient payment process similar to Venmo. The new app supports USDC, EURC, wrapped Bitcoin, Ethereum, and over 100 other cryptocurrencies, covering a broader crypto asset ecosystem.

a16z's latest annual cryptocurrency forecast report indicates that by 2026, blockchain, artificial intelligence agents, and the global payment system will undergo profound transformations. The report focuses on three key trends: the rise of AI agents, the integration of payments into the underlying network, and the full advent of the privacy blockchain era. These changes will reshape the financial infrastructure of the internet. Firstly, a16z believes the most disruptive force will come from the explosive growth of autonomous AI agents. In future financial markets, the number of AI agents will far exceed human participants, but currently they still lack authentication, permissions, and compliance frameworks. a16z predicts that by 2026, the first "KYA (Know Your Agent)" standard will emerge, binding identities, responsibilities, and rules to agents, enabling them to conduct secure on-chain transactions and truly become market participants with programmable economic behaviors.

The Depository Trust & Clearing Corporation (DTCC) recently received a No-Action Letter from the U.S. Securities and Exchange Commission (SEC), allowing it to develop traditional asset tokenization services over the next three years. This development not only marks a critical step toward the blockchain integration of the U.S. financial markets but also brings significant positive news for Chainlink, as the two parties have maintained close cooperation since 2024. According to the announcement, the Depository Trust Company (DTC), a subsidiary of DTCC, will launch a controlled production environment in the second half of 2026, officially issuing tokenized securities on approved Layer 1 and Layer 2 blockchain networks. The initial batch of tokenized assets will include highly liquid targets such as Russell 1000 index constituents, major ETFs, and U.S. government bonds, including Treasury bills and long-term bonds. During the initial phase, this service will only be open to DTC participants and their clients for strict monitoring.

In Q4 2025, the pace at which companies are purchasing Bitcoin (BTC) has significantly slowed, with 65% of listed companies currently holding Bitcoin at a price below their cost basis, resulting in unrealized losses. Against the backdrop of more cautious corporate fund management, Bitcoin miners are gradually becoming the most stable accumulation force in the public market, laying the foundation for corporate adoption in the next stage. Entering November, Bitcoin's price recorded the largest monthly decline of the year, dropping 17.67%, causing many corporate investors who built positions during 2025 to incur losses. According to the latest Bitcoin Treasuries report, more than two-thirds of the 100 listed companies in the sample are holding positions with unrealized losses, leading to a cooling market demand.

OpenAI officially releases the new generation large language model GPT-5.2 today, marking the company's further acceleration in expanding into enterprise application scenarios, upgrading ChatGPT from a consumer tool to an enterprise productivity engine. The new model emphasizes faster speed, greater stability, and the ability to handle complex tasks, integrate multi-step workflows, and execute professional workstreams. With major partners such as the US government and Disney joining, OpenAI's business layout is rapidly expanding. OpenAI states that the core goal of GPT-5.2 is to "create greater economic value," with significant enhancements in spreadsheet processing, presentation generation, code writing, visual recognition, long-context understanding, and tool invocation. To validate these capabilities, the company has introduced a proprietary evaluation system called GDPval, which simulates 44 different professional tasks to assess model performance. According to reports, GPT-5.2 achieves or surpasses human professional levels in approximately 71% of tests. While the external community is still awaiting independent review, this data has garnered widespread industry attention.

This article summarizes cryptocurrency news as of December 11, 2025, including the latest Bitcoin updates, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include: 1. If SpaceX goes public next year with a valuation of $1.5 trillion, Elon Musk is expected to become the world's first "trillionaire." 2. Payment giant Stripe acquires the Valora wallet team to expand its stablecoin services. 3. The US OCC warns Wall Street about the "de-banking" issues in the digital asset industry, stating that such practices are "illegal."

Terra's LUNA token experienced a rare explosive surge this week, rising over 250% in the past ten days, clearly outperforming the overall cryptocurrency market. Key factors driving this rally include the implementation of network upgrades, the countdown to the legal trial of Terraform Labs co-founder Do Kwon, and cyclical rebounds caused by technical structures. The rally was first triggered by the Terra v2.18 network upgrade on December 7. This update mainly improved node performance, fixed memory vulnerabilities, and addressed intermittent reliability issues that had plagued the network for months. As technical improvements boosted market sentiment, external events further intensified volatility. Do Kwon is scheduled to be sentenced on December 11, 2025, at the Manhattan Federal Court. He has previously admitted to fraud charges related to the 2022 TerraUSD collapse. The incident caused approximately $40 billion in market capitalization to evaporate. Prosecutors seek a 12-year prison sentence, while the defense advocates for a lighter sentence. This legal milestone has become a major focus for short-term traders. As the verdict approaches, market speculative sentiment has significantly heated up, causing LUNA trading volume and price to rise in tandem.

Blockstream announces that its mobile wallet has completed a major upgrade, allowing users to trustlessly swap between the Lightning Network and Liquid Network via Boltz. This update enables users to pay Lightning invoices directly with Liquid Bitcoin (LBTC) without manually managing channels or maintaining inbound liquidity, further enhancing the smoothness and convenience of cross-layer Bitcoin network usage. According to Blockstream, this integration relies on Hash Time-Locked Contracts (HTLC), ensuring that all swaps are completed atomically: either all succeed or all are rolled back. If a transaction fails, funds will automatically be returned to the original wallet, with the entire process requiring no third-party custody, thereby increasing user fund security. Boltz, as a non-custodial swap service provider, is responsible for executing swaps between Lightning and Liquid, making the entire process efficient and trustless.

Pi Network today officially launched the mainnet migration option within the app, attracting widespread attention from the global community. Users have noticed the new toggle switch has appeared, signaling that the project is taking another significant step toward full mainnet deployment. According to the core team's previous plan, mainnet features will be gradually rolled out from late 2025 to early 2026. This update aligns perfectly with the roadmap and is seen as an important signal that the ecosystem is moving from the preparation phase into the execution phase. The launch of the mainnet migration feature follows Pi Network's major technological breakthrough in the KYC system. Starting from late 2025, the team introduced a new AI review model, greatly improving user identity verification efficiency. According to user feedback, the previously frustrating long queues for verification have been significantly improved, with approval cycles shortened to 3 to 14 days. The new AI model not only enhances document recognition accuracy but also addresses delays in manual review stages, reducing backlog by nearly half and paving the way for large-scale mainnet migration.

Elon Musk recently sent two major signals within hours: first, confirming that SpaceX is accelerating towards going public; second, clearly stating that he will no longer participate in the government efficiency department (DOGE) project. This has been interpreted by the outside world as him fully returning to the business sector after experiencing a turbulent political cycle. Musk made the above statement in response to an article by space journalist Eric Berger about "SpaceX's upcoming IPO." He replied, "Eric is right," which is equivalent to publicly confirming the IPO plan for the first time. Berger, as one of the journalists who knows SpaceX best, is often regarded as an industry trendsetter.

Thursday, the entire cryptocurrency market continued its correction trend, with Bitcoin falling to around $90,000, erasing most of Tuesday's rebound gains. Despite the Federal Reserve's expected rate cut and resumption of government bond purchases, market risk appetite failed to persist, and major cryptocurrencies generally came under pressure. Bitcoin's latest trading price is approximately $90,250, down 2.4% over 24 hours. Ethereum fell 3.4% to $3,208, Solana dropped 5.8%, and Dogecoin retraced 5.5%. Market data shows that most large-cap tokens have turned negative in seven-day returns, with XRP down 8.6%, Cardano down 7.2%, and BNB down 5.9%.

Odaily Planet Daily News: The cryptocurrency trading platform Ave.ai officially released a major update for the Android version 2.3.06 today, focusing on optimizing user experience to create a more efficient and reliable trading environment for users. The new version is now available for download, and users can upgrade immediately. The iOS update with new features will also be released soon. Highlights of this update include: 1. New homepage design: The new homepage adopts a minimalist style, making the visuals cleaner. Users no longer need to search through layers; the homepage directly accesses the wallet and the popular Token trading area. 2. Bot copy trading system: An innovative Bot copy trading feature is directly integrated into the app, allowing users to follow experienced wallet addresses that are profitable with one click, and to copy their trading strategies in real-time. The system includes risk filtering mechanisms to help beginners avoid common pitfalls and make earning money simpler and more reliable. 3. Multi-signature wallet upgrade

After weeks of bipartisan negotiations, the legislation on cryptocurrency market structure in the U.S. Senate has yet to make substantial progress. Democrats submitted the latest counterproposal, accepting some Republican framework, but insisting on major reforms in financial stability, market integrity, national security enforcement, and digital asset conduct for public officials. These disagreements indicate that there is still no consensus within the Senate on the core regulatory framework of the bill. Key points of contention include digital asset information disclosure, secondary market protections, tools for illegal financial identification and suppression, compliance obligations for decentralized platforms, and restrictions on stablecoin yields. Democrats are also pushing for strict ethical standards to prevent elected officials from profiting through cryptocurrency projects, which is closely related to controversies involving investments by the Trump family. However, the White House has vetoed some ethical provisions and Democratic nomination requirements, further complicating negotiations.

Gate News Bot message, December 11 — According to CoinMarketCap data, at press time, LIGHT (Bitlight) is priced at $0.85, up 31.03% in the past 24 hours, with a high of $1.47 and a low of $0.57. The 24-hour trading volume reached $34.8 million. The current market capitalization is approximately $36.6 million, an increase of $8.67 million compared to yesterday. Bitlight Labs is committed to "making Bitcoin smarter," a member of the LNP/BP Association, and a major contributor to the RGB protocol. The company leads the development of native smart contract infrastructure for Bitcoin and the Lightning Network, driving the development of native BitcoinFi. As a key contributor to the Lightning Network, Bitlight Labs has developed the RGB Lightning Network node (RLN) based on LDK.

Odaily Planet Daily News reports that Alliance DAO co-founder qw shared his personal ranking of "the levels of competitive moats across different industries" today, and pointed out that the moat of blockchain itself is very limited, at approximately 3/10. qw's moat scoring system is as follows: 10/10 (Strongest Moat): Microsoft (Key SaaS), Apple (Brand + Ecosystem), Visa/Mastercard (Payment Network Effects), TSMC (IP + Physical Infrastructure) 9/10: Google (Search and AI IP), Amazon (E-commerce Network Effects + Logistics Infrastructure), Moody's, S&P, FICO (Regulatory Driven + Brand + Rating Network Effects), Major Cloud Providers (AWS/Azure/GCP, etc.) 8/10: Meta (Social Network Effects), NVIDIA (IP +

This article summarizes cryptocurrency news as of December 10, 2025, including the latest Bitcoin updates, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include: 1. RWA platform Real Finance raises $29 million in funding 2. U.S. SEC Chairman: Many types of cryptocurrency ICOs are not under the SEC's jurisdiction 3. Elon Musk states that the "Government Efficiency Department" barely succeeded and similar efforts will not be undertaken again

Hyperliquid (HYPE) has recently seen large whale buying, with the two major wallets investing a total of more than $4.2 million, breaking the current bearish sentiment with strong capital inflows. These large holders are not only actively adding to their positions at the current price but also retaining large USDC reserves, hinting at the possibility of continued buying in the future. However, retail investors remain cautious, leaving the market divided between confidence and hesitation. Despite strong inflows, HYPE's technical structure remains weak. The price continues to move along a narrow descending channel, forming lower highs and lows. $35.48 emerged as a key resistance level that failed to break through multiple attempts. The MACD maintains a bearish stance with the line below the signal line and the momentum bar continues to be weak. The RSI is close to 34, which also indicates that sellers are dominant. However, the price is approaching a psychological support zone that has seen multiple rallies in history and could be a key area for bulls to watch in the short term.

During the US trading session on Tuesday, the price of Bitcoin rose sharply from about $91,000 to more than $94,000 in two hours, an unusual trend that attracted strong attention from the market. The lack of clear positive news has led some traders to point out that this is "textbook manipulation", while others believe there are real macro catalysts behind it. Multiple on-chain analysts noted a rare period of large-scale concentrated buying during the price surge. DeFiTracer data shows that market maker Wintermute bought about $68 million in Bitcoin within an hour, while simultaneous buying orders from multiple major exchanges were also seen as a "synergistic push" by some researchers. Trader NoLimitGains noted that this rally is characterized by typical manipulation: extremely thin order books, large market orders pouring in in a short period of time, and a lack of subsequent structured buying. He believes that "a real bull market builds structure, and artificial push only leaves traps."

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, LUNA (Terra) is currently trading at $0.15, up 19.53% in 24 hours, reaching a high of $0.18 and a low of $0.07, with a 24-hour trading volume of $357 million. The current market capitalization is approximately $108 million, an increase of $17.6 million from yesterday. LUNA recent important news: 1️⃣ **SBF amnesty expectations trigger a recovery in risk assets** The market has anticipated the potential possibility of FTX founder SBF receiving an amnesty, which in turn has driven a general rebound in risk assets. LUNA, a currency that has experienced major crises, has outperformed the overall market level, reflecting investors' reassessment of historically difficult projects in the context of improved risk sentiment. This shift in market sentiment is pushing

Bitwise 10 Crypto Index ETF (BITW) under Bitwise Asset Management will be upgraded to the NYSE Arca market, becoming an exchange-traded product. The fund aims to track the top 10 cryptocurrencies, now allocating 90% of its holdings to major tokens and limiting other assets to a 10% weight.

Odaily Planet Daily News: In November, the US NFIB Small Business Confidence Index rose to 99.0, up 0.8 points from October, with six out of ten sub-indices showing an increase, mainly driven by improved sales expectations. However, the Uncertainty Index rose by 3 points to 91, partially offsetting the optimism. Labor market conditions remain concerning, and the overall situation is still severe. About 33% of business owners reported job openings in November (previous value: 32%), marking the first increase since June and significantly higher than the historical average of 24%. There were positive signals in employment expectations, with about 19% of business owners planning to add employees in the next three months, up 4 percentage points from October and reaching the highest level of the year. Inflation remains a major concern in the November data, with the proportion of business owners raising average selling prices increasing from 21% in October to 34%.

This article summarizes cryptocurrency news for December 9, 2025, focusing on the latest Bitcoin updates, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price predictions. Major Web3 events today include: 1. The US CFTC has launched a pilot program allowing BTC, ETH, and USDC to be used as collateral in the derivatives market; 2. Tether participated in an $80 million investment in the Italian humanoid robotics company Generative Bionics; 3. The US Bureau of Labor Statistics: October PPI data will not be released for now and will be published together with November data in January next year.

Cardano (ADA) price continues to fluctuate within the $0.40 to $0.45 range, with the market watching closely to see if the key support at $0.38 can hold. Currently, ADA is trading around $0.43, just below the short-term resistance at $0.45. If it fails to break out with strong volume above the $0.45-$0.47 zone, the price structure may continue to show weakness and consolidation through late December. On a higher time frame, ADA has declined from its 2025 high of $1.32, remaining in a long-term downtrend overall. Although the RSI has rebounded from oversold territory, providing conditions for a short-term bounce, it has not disrupted the broader bearish structure. On the daily chart, major resistance is concentrated at $0.446-$0.47 (including the 200-day moving average), while key support lies between $0.423 and $0.40. A break below this support could see the range extend down to $0.33-$0.35.

Aster (ASTER) has been under continuous pressure since its launch, dropping about 70% from its high of $1.50. Technically, ASTER formed a clear inverted V-shaped top structure near $1.40, with a rapid pullback following a sharp rise, trapping buyers. The price has consistently remained below the 20-day, 50-day, and 200-day moving averages, confirming the continuation of the downtrend. According to the V-shaped top measurement method, ASTER’s neckline is in the $1.04 to $1.05 range. If this support fails, the price could further drop to $0.82, corresponding to the 1.0 Fibonacci extension level. Despite the weak trend, 68% of traders in major CEX perpetual contract markets are still attempting to bottom-fish and go long. However, in the ongoing downtrend, longs are continuously being liquidated. The cumulative net long positions are steadily decreasing, while net short positions remain largely unchanged. This indicates that the current decline is not driven by shorts, but rather by longs being forced to close their positions under pressure, further pushing the price slowly lower.

On the eve of the December 9–10 FOMC meeting, the market generally expects the Federal Reserve to potentially cut interest rates by 25 basis points, providing a brief liquidity boost for risk assets. Although the overall crypto market has fallen by about 1.1%, whales have continued to accumulate, with multiple on-chain data sources indicating that three major tokens have become the primary targets for increased holdings: Aster (ASTER), Pippin (PIPPIN), and Chainlink (LINK). Aster has seen the most significant increase in holdings over the past 24 hours. Despite its price dropping 4% daily and over 10% monthly, whales have increased their holdings by 11.61%, bringing the total position to 44.76 million ASTER, with the added amount valued at approximately $4.34 million. From a technical perspective, ASTER has shown a hidden bullish divergence, suggesting selling pressure is easing. In addition, the token price is consolidating within a narrowing triangle pattern; if it breaks above $1.01, it could target $1.08 or even $1.40. Conversely, if it falls below $0.89, it may weaken and retreat to the $0.84 range.

SPX6900 (SPX) has regained upward momentum after successfully pulling back to around $0.600 and completing a technical retest of its flag pattern. After the pullback, the token rebounded by as much as 12%. Although it subsequently retraced about 5.6%, the overall trend remains within an ascending structure. The continuous buying by whales is the main driving force behind this round of price action. Large holding wallets have been actively accumulating within the current trading range, indicating that major investors view the recent pullback as an opportunity to build positions rather than a signal of trend reversal. This behavior reinforces bullish market sentiment and suggests that these key players are betting on further price appreciation.

A survey shows that among Japanese cryptocurrency holders, 22.2% exited due to tax complexity and 19.4% due to price volatility. Investors generally consider tax complexity and volatility as major challenges, and the need to track transactions and calculate gains and losses leads some to feel that the administrative burden outweighs the benefits.

The price of Bitcoin hovered around $90,400 on Tuesday, with the market gradually stabilizing after experiencing its weakest November performance since 2018. Market data shows that over the past 24 hours, Bitcoin edged up 1%, Ethereum rose 0.2%, and other major altcoins saw mixed movements. BNB increased by nearly 1%, XRP dipped slightly, and Solana fell by about 0.6%. Although liquidity remains weak ahead of the Federal Reserve's decision, the overall rebound momentum continues. The latest market time zone data has attracted attention. A Presto Research report points out that the European trading session has been the main driver behind this month's 20% to 25% drop in Bitcoin and Ethereum, with negative returns significantly higher than in other regions. The Asian and US markets have remained largely flat, indicating that during the crypto market's deleveraging process, capital behavior varies noticeably across different regions.

BlockBeats news, on December 9, Santiment tweeted, "As Bitcoin's market capitalization hovers around $90,000, the leading cryptocurrency continues to show an outflow trend from CEXs. Over the past year, a total of 403,200 Bitcoins have flowed out of CEXs, resulting in a net supply decrease of 2.09%. Overall, this is a long-term bullish signal. The lower the amount of Bitcoin held on exchanges, the less likely major sell-offs causing price declines have historically been."

According to Gate News Bot on December 09, citing CoinMarketCap data, as of press time, LUNA (Terra) is trading at $0.14, up 34.84% in the past 24 hours, reaching a high of $0.16 and dipping to a low of $0.07. The 24-hour trading volume stands at $147 million. The current market cap is approximately $98.8 million, a $2.55 million increase from yesterday. Recent important news about LUNA: 1️⃣ **SBF Pardon Expectations Drive Risk Asset Recovery** The market has begun to expect the potential possibility of a pardon for FTX founder SBF, triggering a broad rebound in risk assets. LUNC and LUNA, as tokens that have previously experienced major crises, have seen gains exceeding the overall market level, reflecting investors’ re-evaluation of historically troubled projects amid improving risk sentiment. This linkage effect

Gate News bot message, A significant cryptocurrency movement has been recorded as a whale address executed a substantial withdrawal of 5,000 ETH, equivalent to $15.51 million, from centralized exchanges. The transaction was conducted by the wallet address: 0x8bEb929cCFEa91b1E057c6143A7913AFEa915Aa4

Gate News bot message, a significant crypto whale has returned to HyperLiquid after a 7-month hiatus, depositing $1.38 million in USDC. The whale proceeded to open a short position on HYPE with 1x leverage. Records show that this whale's previous trading activities had generated profits of $1.14 mil

ChainCatcher reports that Tether has announced its stablecoin USD₮ has been recognized as a “fiat-referenced token” (AFRT) by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This recognition has been extended to several major blockchain networks, including Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON, following previous approvals for Ethereum, Solana, and

Tether's USDT has been recognized at the Abu Dhabi Global Market as a fiat-referenced token, allowing regulated activities across multiple blockchains. This move expands USDT's use in ADGM, promotes global financial innovation, and strengthens Abu Dhabi's position as a digital financial hub.

This article summarizes cryptocurrency news on December 8, 2025, focusing on the latest Bitcoin updates, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price predictions. Major Web3 events today include: WisdomTree launches a new tokenized fund, bringing options income strategies to the blockchain; Bittensor will have its first halving on December 14, reducing daily TAO issuance to 3,600 tokens;

Pi Network has rolled out a new Self-Unblock KYC tool, giving suspended users a direct way to resolve their verification issues without waiting for manual review. The feature targets Pioneers whose KYC checks were stuck due to incomplete steps or flagged documentation, allowing them to complete missing verification details, confirm their information, and submit an unblock request entirely within the app. The goal is to reduce delays and accelerate Mainnet migration, especially for users who have

BlockBeats news, on December 8, QCP released its daily market commentary stating that BTC experienced sharp fluctuations in the $88,000 to $92,000 range on Sunday, while ETH also quickly surged from $2,910 to $3,150. As year-end liquidity continues to decline, the market has become particularly sensitive to small capital flows. However, despite the strong volatility, liquidation volumes remain small, indicating that market participation and positions have continued to decrease this quarter. The open interest of the two major assets’ perpetual contracts has dropped 40–50% from the highs in October, and retail sentiment has returned to bearish levels. Meanwhile, supply is tightening significantly. In the past two weeks, about 25,000 BTC have been withdrawn from exchanges, and for the first time, ETF and corporate holdings have exceeded exchange balances; ETH exchange reserves have also fallen to a near ten-year low, indicating that while retail investors are exiting, long-term capital is quietly accumulating. Market focus

The Cardano ecosystem has undergone a key upgrade, with major CEXs officially supporting Midnight network’s native token NIGHT, drawing strong attention from the market. Following the announcement, ADA’s price surged over 4% within just a few hours, with trading volume rising sharply and overall market sentiment turning noticeably positive. On December 8, the exchange announced the listing of Midnight’s NIGHT token and stated that eligible users could claim an airdrop via Alpha points after trading opens on December 9. More details regarding asset support and trading pairs will be released gradually. According to Midnight’s official response, listing the NIGHT token on the platform will not only expand its user base but also promote the adoption of Web3 privacy technology and accelerate global acceptance of zero-knowledge privacy networks.

According to Gate News Bot on December 8, citing CoinMarketCap data, as of press time, ZEC (Zcash) is currently trading at $390.45, up 15.61% in the past 24 hours. The highest price reached $404.16, while the lowest dropped to $302.75. The 24-hour trading volume reached $912 million. The current market capitalization is approximately $6.414 billion, an increase of $866 million compared to yesterday. Zcash is the first cryptocurrency to use zero-knowledge encryption technology to achieve private peer-to-peer payments, offering encrypted electronic cash services. ZEC uses end-to-end encryption to protect user privacy and is a decentralized protocol, with users retaining control over their own funds. ZEC's transaction speed is faster than Bitcoin, and transaction fees are typically just a fraction of a cent, while also supporting the sending of private information in transactions. ZEC is supported by many major exchanges and its ecosystem offers a variety of wallet options, including the Zashi mobile wallet, Edge Wallet, and more.

The Supreme Court of British Columbia, Canada, has approved the forfeiture of cash and gold worth approximately $1 million linked to QuadrigaCX co-founder Michael Patryn, transferring ownership to the provincial government. This action is regarded as the province's largest and most significant enforcement operation to date under the "Unexplained Wealth Order" (UWO) framework, highlighting the region's stringent crackdown on money laundering activities and assets of unknown origin. According to the Vancouver Sun, Patryn did not contest the forfeiture order, allowing the court to proceed with liquidating the assets previously seized. These assets include 45 gold bars, luxury watches, jewelry, and over $250,000 in cash. Court documents obtained by CoinDesk indicate that the civil forfeiture judgment will officially take effect in September 2025, granting British Columbia full ownership of the items seized in March 2024.

Farcaster is undergoing a major transformation of its core strategy, abandoning its long-held “social-first” approach in favor of in-app wallet and trading features as its primary growth engines. Co-founder Dan Romero stated in a recent announcement that for the past four and a half years, the team had been trying to drive growth through social interaction and a third-party client ecosystem, but had never managed to find a sustainable expansion model similar to Twitter (now known as X), resulting in a clear disconnect between the product and the market. Romero noted that the wallet feature launched earlier this year has become Farcaster’s strongest source of user growth to date, as well as the product with the fastest increase in user engagement. He emphasized that the wallet’s trading tools demonstrate the clearest and most stable product-market fit the platform has seen in five years, and therefore will become the core focus for future development. “We are now focused on building a truly outstanding wallet. Every new wallet user is a new protocol user.”