The digital asset ETP market recorded $716 million in inflows last week, indicating a significant improvement in investor risk appetite. Total assets under management (AUM) rose to $180 billion, rebounding 7.9% from the November low. Although the overall scale remains below the historical peak of $264 billion, net inflows have been maintained for two consecutive weeks, reflecting a gradual recovery in market confidence. In terms of regional distribution, the United States continues to lead, attracting $483 million in inflows. Germany and Canada follow closely, recording $96.9 million and $80.7 million respectively. This indicates that the current wave of capital inflows is spreading globally rather than being driven by a single region.

Stablecoins have surpassed Bitcoin to become an undeniable force in the global financial system. The circulating supply of stablecoins has exceeded $300 billion, with trading volumes surpassing $23 trillion in 2024, developing into a financial system running parallel to the US dollar. Although much of this volume comes from high-frequency trading on centralized exchanges, cross-border stablecoin transfers are becoming an important indicator reflecting the real economy and are expected to reach a historic high in 2025. The growth of stablecoins has exposed financial crises in several countries that rely on them. In emerging markets such as Nigeria, Argentina, and Turkey, stablecoins have become tools for economic survival. Due to exchange rate issues and foreign exchange controls, people in many countries have turned to stablecoins as a savings tool, especially in regions suffering from severe inflation. Their advantages include instant settlement, avoidance of traditional banking restrictions, and offering higher returns than domestic accounts.

According to Gate News Bot, on December 8, citing CoinMarketCap data, as of press time, DOGE (Dogecoin) is trading at $0.14, up 3.71% in 24 hours, with a high of $0.15 and a low of $0.13. The 24-hour trading volume reached $1.255 billion. The current market capitalization is approximately $23.25 billion, an increase of $832 million from yesterday, ranking 9th. Dogecoin is an open-source peer-to-peer digital currency, known for its friendly community and simple philosophy. As a popular cryptocurrency, Dogecoin is built on blockchain technology and uses a highly secure decentralized system to store information. The core philosophy of Dogecoin is "Do Only Good Everyday," and the community is dedicated to mutual supp

According to Gate News Bot on December 8, citing CoinMarketCap data, as of press time, TURBO (Turbo) is currently trading at $0.00237529, up 12.24% in the past 24 hours, with a 24-hour high of $0.00283564 and a low of $0.00176111. The 24-hour trading volume reached $82.1 million. The current market capitalization is approximately $164 million, an increase of $17.9 million compared to yesterday. Turbo is a meme coin created by artificial intelligence for the people. The project founder challenged GPT-4 to create the next great meme coin with a budget of only $69. Currently, TURBO has developed into a fully decentralized, community-driven crypto adventure. The project has the following features: contract ownership has been renounced, no transaction tax, total supply of 6.9 billion tokens, launched through crowdfunding,

Analysts at BNY Mellon pointed out that the market has already priced in expectations for a Fed rate cut this month, which is anticipated to be a hawkish cut. Future monetary easing will depend on economic data from 2026. At the same time, the change in Fed chairmanship and the FOMC dot plot could lead to policy divergence, reflecting two-way economic risks.

BlockBeats 消息，12 月 8 日，埃隆·马斯克提出在太阳同步轨道部署本地化 AI 卫星，并在月球建卫星工厂，每年新增百吉瓦算力，向「卡尔达舍夫Ⅱ型文明」迈进。谷歌「太阳捕捉者」和亚马逊 LEO 项目也押注太空算力，以缓解 AI 对数据中心和电力的压力。BiyaPay 分析师认为，太空算力一旦成型，将重塑全球算力与结算网络，利好跨境支付和数字资产交易。作为多资产交易钱包，BiyaPay 已支持用 USDT 交易美股、港股和期货，并提供 0 手续费数字货币现货合约。

PANews, December 8—According to the official announcement from USPD, USPD V1 suffered a CPIMP deployment attack on December 4, 2025, which was not caused by a smart contract vulnerability. The team will issue redeemable Claim Tokens to approximately 230 affected users at a 1:1 ratio in January 2026 and will set up an independent protocol revenue compensation pool. USPD

Eric Jackson, CEO of EMJ Capital, has put forward a compelling long-term Bitcoin price prediction, stating that Bitcoin will surpass $50 million by 2041—a forecast that has attracted widespread attention in the cryptocurrency space. Jackson’s prediction is based on the core idea that Bitcoin will evolve from “digital gold” to a crucial, neutral collateral asset within the global financial system. He points out that Bitcoin’s future potential lies in its digital and programmable nature, allowing it to serve a gold-like function in global financial architecture. Drawing an analogy with stock investing, Jackson mentions that despite bearish market sentiment, solid business models remain attractive.

Gate News Bot message, December 8th, according to CoinMarketCap data, as of press time, BLUAI (Bluwhale) is trading at $0.00921082, up 36.49% in 24 hours, with a 24-hour high of $0.00903017 and a low of $0.00628024. The 24-hour trading volume reached $13.4 million. The current market cap is approximately $11.3 million, an increase of $3.02 million compared to yesterday. # Recent important news about BLUAI: 1️⃣ **Security audit cooperation deepens ecosystem trust** Bluwhale has partnered with Beosin to accelerate the development of the BLUAI intelligent system through professional security audits. This move demonstrates the project's commitment to building a safe and reliable AI ecosystem and helps enhance investor confidence.

PANews, December 8—According to discussions on platform X, several developers believe that although the yETH attack was attributed to fuzzing, the actual attack path was complex and may have involved gradually amplifying the exploit after discovering the initial vulnerability. Curve founder Michael

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.

ChainCatcher news, according to Jinshi reports, JPMorgan strategists stated that as investors take profits, the recent stock market rally may stall after the Fed's anticipated rate cuts. Positive signals released by policymakers have fueled continued bets, helping lift the stock market. JPMorgan strategists remain bullish in the medium term, believing that a dovish Fed will support the stock market. At the same time, sluggish oil prices, slowing wage growth, and easing US tariff pressures will allow the Fed to loosen monetary policy without exacerbating inflation.

PANews, December 8—Alan Howard's hedge fund Brevan Howard currently has 150 employees in Abu Dhabi and is committed to staying there for the long term. It is currently the largest institution operating in Abu Dhabi. He stated that the Gulf city is rapidly rising and is expected to stand alongside Western financial centers such as London and New York, becoming a global financial hub. "A few years ago, I thought it would become the 'third pole' alongside New York and London. Now, I think it is fully heading in that direction." He explained that as more asset management companies and banks move in, trading volumes across various asset classes continue to rise, which creates a flywheel effect: for every fund manager working here, three to four professionals from service providers are also brought in. Nevertheless, much of the infrastructure and core talent supporting the hedge fund industry still remains concentrated in traditional centers. However, Howard

The digital asset trading platform BYEX has begun a comprehensive business contraction and is preparing to cease operations due to force majeure factors and long-term strategic adjustments. Users are required to transfer their assets before December 31, 2025. Analysts point out that this move reflects the regulatory uncertainty and competitive pressures faced by mid-sized trading platforms.

Gate News bot 消息，Gate 行情显示，ETH 突破 3150 USDT，现价 3150.31 USDT。

POP MART's stock price has recently plummeted by 8.49%, marking its largest six-week decline, as market concerns over its overseas sales performance intensify, especially due to disappointing Black Friday sales data. Despite a significant surge in third-quarter earnings, analysts have expressed concerns about its future growth momentum.

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.

Odaily星球日报讯 据外媒报道，野村证券加入全球同行的行列，扭转此前对美联储 12 月维持利率不变的预期，目前认为，美联储会在 12 月的政策会议上降息 25 个基点。不过，野村也表示，12 月的政策决定仍存在很大的不确定性。野村修改对美联储 12 月的降息预期，理由是对美联储中间派来说，已经有足够多的鸽派信号来证明进一步的“风险管理式降息”是合理的。野村预计，会有四名鹰派人士反对降息决定，而米兰则将持鸽派立场，支持降息 50 个基点。野村继续预计，2026 年，在新任美联储主席的领导下，美联储将在 6 月和 9 月分别降息 25 个基点。

Bitcoin is hovering near the 0.382 Fibonacci key support level, with the market watching to see whether it can hold this bullish defense line. Analyst Daan Crypto Trades has warned that if this level is breached, Bitcoin could fall back to the $76,000 region from April and potentially damage the high time frame bullish structure. Last weekend, Bitcoin briefly dropped below $88,000 during a round of leveraged liquidations, then rebounded to $91,500. Analyst Bull Theory described this move as a typical "low-liquidity weekend liquidation," viewing it as a maneuver to squeeze leveraged positions in both directions by taking advantage of weak market structure. Next, the market is awaiting the Federal Reserve FOMC meeting, with a widely expected 0.25% rate cut. However, since the first rate cut in October, crypto market sentiment has actually cooled, mainly because Powell has emphasized that decisions will be data-driven, making it difficult for the market to simply bet on a long-term easing cycle. Markus Thielen of 10x Research pointed out that weaker ETF inflows in December and declining trading volumes have limited Bitcoin's short-term breakout potential, while narrowing volatility has also increased downside risk.

Gate News bot message, the cryptocurrency market has demonstrated a strong recovery following multiple price declines over the weekend. Bitcoin currently trades at $91,451, recording a 2.2% increase, while Ethereum stands at $3,126, up by 2.9%. Among altcoins, significant gains have been observed w

Gate News Bot message, December 8th, according to CoinMarketCap data, as of press time, MOVR (Moonriver) is currently priced at $3.23, up 10.75% in the past 24 hours, reaching a high of $3.23 and a low of $2.81. The current market cap is approximately $33.6 million, up about $3.26 million from yesterday. Moonriver is a companion network to the Moonbeam ecosystem, serving as a sandbox environment to test new code under real economic conditions. New code is first validated here before being deployed to Moonbeam. MOVR is the native utility token of the Moonriver network. As an Ethereum-compatible, developer-oriented blockchain built on Kusama, it has the following core functions: **MOVR Token Functions**: As Moonriver

According to Gate News bot, citing the official Gate announcement: Gate has announced an optimized adjustment to the redemption fee structure and performance fee calculation method for quantitative funds. The new tiered redemption fee rules are effective immediately: redemption fee rate is 1.5% for holding periods less than 7 days; 0.5% for holding periods between 7 and 30 days; and 0% for holding periods of 30 days or more. Additionally, the trading team will charge a performance fee for each redeemed share, with the fee set at 30% of the profit portion for that share. The actual amount received by investors will be calculated as follows: User actual received amount = ( theoretical redemption amount − performance fee ) × (1 − redemption fee rate ).

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.”

According to Gate News Bot on December 8, citing CoinMarketCap data, as of press time, SOL (Solana) is trading at $135.73, up 2.65% in 24 hours, with a high of $146.72 and a low of $123.31. The 24-hour trading volume reached $4.431 billion. The current market capitalization is approximately $76.192 billion, an increase of $1.964 billion compared to yesterday. SOL is a universal token for global financial infrastructure, dedicated to providing a powerful blockchain experience for everyone. The Solana network is characterized by high speed, scalability, decentralization, and energy efficiency, capable of processing 2,830 transactions per second with a median transaction fee of only $0.00064. The network is operated independently by 800 validator nodes, ensuring data security and resistance to censorship. So far, there have been 2,830 transactions and 340 million

According to Gate News Bot on December 08, citing CoinMarketCap data, as of the time of writing, ACA (Acala Token) is currently trading at $0.01, up 16.19% in the past 24 hours, reaching a high of $0.02 and a low of $0.01. The current market capitalization is approximately $15.2 million, an increase of $2.12 million from yesterday. **Recent Market Analysis of ACA:** The relevant information provided mainly consists of aggregated market data and links to market tools, without specific fundamental drivers, project progress announcements, or market events. Therefore, the specific driving factors behind this round's 16.19% increase cannot be directly determined from the current information. From a market performance perspective, ACA has shown a clear upward trend within 24 hours, with a $2.12 million increase in market capitalization refle

Ethereum co-founder Vitalik Buterin has proposed building a trustless on-chain gas futures market to address the long-standing issue of fee volatility on Ethereum. In a recent post on X, he stated that users and developers constantly ask whether Ethereum’s future fees will be manageable. Thus, he introduced this mechanism aimed at enhancing cost predictability by allowing users to lock in gas prices in advance. Buterin pointed out that on-chain gas futures would function similarly to traditional commodity futures markets, enabling users to purchase gas at a fixed price for a specified future period, thereby hedging against the risk of fee spikes. He explained that users could make “prepayments” for gas they intend to use in the future, which would make it easier for them to plan costs when executing large numbers of transactions or operating dApps, especially before periods of peak network demand.

VTB, Russia's second-largest bank, is planning to launch a regulated spot cryptocurrency trading service in 2026, targeting high-net-worth and qualified investors. This move marks the first official entry of a major Russian bank into the spot cryptocurrency market, and also indicates that Russia is accelerating the implementation of its digital asset regulatory framework under the pressure of international sanctions. According to local media reports on December 3, VTB has already begun testing crypto trading services with select high-net-worth clients. The bank emphasized that in the future, this service will be limited to qualified investors who meet specific portfolio size or income standards and will not be fully open to the general public. The move aims to provide a diversified asset allocation channel for a limited range of clients under controllable regulatory conditions.

Foresight News reports, according to Bloomberg, enterprise payment and financial platform Airwallex has completed a $330 million financing round at an $8 billion valuation, led by Addition, with participation from Activant, Lingotto, and TIAA Ventures, among others. In addition, Airwallex stated that San Francisco will become its second global headquarters, and the US team plans to expand to over 400 people in the coming year.

Gate News bot 消息，据 2025 年 12 月 8 日 Gate 官方公告 Gate Launchpool 即将开启第 345 期，推出 Stable (STABLE) 代币空投活动。用户可质押 BTC、GT 或 STABLE 代币免费瓜分 4,000,000 STABLE 代币奖励，挖矿时间为 2025 年 12 月 8 日 22:00 至 12 月 15 日 22:00 (UTC+8)，奖励每小时发放一次，100% 解锁。 本期 Launchpool 升级了参与规则，BTC 质押池的锁仓上限将根据用户 60 日总交易量确定。交易量计算方式为：60 日现货交易量 + 60 日合约交易量 × 40% + 期权交易量 × 5%。用户 60 日总交易量需达到最低要求 60,000 USD 才能参与 BTC 质押池并获得空投奖励。 StableChain (STABLE) 是一条为稳定币支付而生的 USDT 原生 Layer 1，每笔交易以 USDT 结算，具备亚秒级最终性和低费用特性。Gate Labs 未参与该项目投资。

This week's Federal Reserve policy meeting is in the spotlight, with investors closely watching for differences over rate cuts and future signals from Powell. The market has largely priced in expectations of rate cuts, making policy guidance the key focus. Economists warn that the market may be underestimating the risk of no rate cuts.

According to HyperInsight monitoring, on December 8, the address "Calm Order King" had three long positions with unrealized losses totaling $900,000. Specifically: a 40x short position on 93.73 BTC with an unrealized loss of $240,000, a 20x short position on 44,000 SOL with an unrealized loss of $200,000, and a 10x short position on 1.22 million ZEC with an unrealized loss of $460,000. The current balance is $640,000.

PANews, December 8—According to the official announcement from Web3 robotics company XMAQUINA, proposal XMQ-02 has been officially approved, securing over 19 million votes and a support rate exceeding 96%. The proposal aims to allocate 128,067,280 DEUS tokens (about 12.8% of the total supply) and $150,000 USDC for the Token Generation Event (TGE), to be used for community presale, liquidity support, and key ecosystem development initiatives. The main allocation plans include: Community Presale: 110 million DEUS tokens (11% of total supply) will be allocated for the final round of community presale, raising funds to expand the DAO's equity investments in leading humanoid robotics companies. Liquidity and Ecosystem Growth: 18,067,280 DEUS tokens (1.8% of total supply) and $150,000 USDC will be allocated for exchange listing fees and liquidity support.

Ripple's stablecoin RLUSD recently saw its market cap on Ethereum rise to around $1.1 billion, making it one of the fastest-growing cross-chain stablecoins. This breakthrough has attracted widespread attention in the crypto industry, with analysts believing that multi-chain deployment has become one of Ripple’s most important strategic decisions this year. Analyst Wendy O pointed out that deploying RLUSD on both Ethereum and the XRP Ledger (XRPL) is Ripple’s “smartest move,” as the crypto industry is moving toward a comprehensive multi-chain ecosystem. She believes that more and more projects will follow RLUSD’s approach to enhance the usability and cross-chain interoperability of their own assets.

Bitcoin is currently hovering around a key technical price level and needs effective support to avoid breaking below, which could lead to a drop to $76,000. The market has recently experienced short-term leveraged liquidations and significant price volatility, indicating that in low liquidity conditions, the market is easily susceptible to manipulation.

Uniswap founder Hayden Adams stated that the first auction of Uniswap CCA initiated by Aztec Network has ended, with total bids reaching $59 million. The auction process was fair, and the final transaction price was 59% higher than the reserve price. Part of the proceeds will be used to launch Uniswap v4 liquidity pools.

The Staking Vault under CatFee.io has distributed over 6 million TRX in incentives to on-chain addresses, supporting TRON chain energy staking. The program is designed for convenience, allowing participation with as little as 1 TRX. Funds remain in the user's address without requiring additional authorization.

According to Jinse Finance, ECB Executive Board member Schnabel supports raising interest rates, believes that borrowing costs have reached an appropriate level, and that economic and inflation risks are tilted to the upside, suggesting that the economic forecast may be raised in December. Analysts expect the deposit rate to remain at 2%.

Odaily Planet Daily News: According to on-chain analyst Ai Yi's monitoring, the "Ironhead bull trader who went long 36 times consecutively from 11.03 to 11.26" has returned to the bullish camp. Three hours ago, this trader opened three long positions in ETH/SUI/FARTCOIN, with a total position value of $20.28 million and a current unrealized profit of $188,000. Among them, the ETH position is worth $9.39 million, holding 3,000 ETH, with an average entry price of $3,116.98. After going long 36 times in a row, this trader has recently switched to a long-short alternating trading strategy.

According to Gate News Bot on December 8, citing CoinMarketCap data, as of press time, BAR (FC Barcelona Fan Token) is trading at $0.62, up 7.23% in the past 24 hours, with a high of $0.63 and a low of $0.55. The current market capitalization is about $11.6 million, an increase of $781,000 from yesterday. BAR is the official fan token built on the Chiliz Chain, part of the largest sports blockchain network in the Chiliz ecosystem. Chiliz Chain is a global leading sports-focused blockchain, adopted by over 70 elite sports teams. BAR enables fans to participate more deeply and influence the teams they support, making it a key part of the largest officially licensed digital asset category in sports blockchain. Chiliz Chain is managed by a world-class network of validators, including blockchain leaders such as Animoca Brands and Ankr, as well as traditional sports powers like Paris Saint-Germain, jointly providing infrastructure support for the Web3 sports ecosystem.

With Bitcoin holding above $91,000, XRP has seen strong buying interest at the $2 psychological level. Latest data shows that after breaking through a key support, XRP's trading volume surged by 251% around $2, reflecting institutional funds absorbing market liquidity at this price point. The US spot XRP ETF continues to demonstrate strong appeal, with cumulative inflows exceeding $1 billion since its launch, making it the fastest-growing altcoin ETF. Although retail interest remains subdued, institutional demand is steadily expanding. The growth in ETF inflows has effectively offset the decline in open interest in the derivatives market, making the capital environment more favorable for long-term allocation.

Driven by expectations that the Federal Reserve may cut rates by 25 basis points this week, cryptocurrencies rose in tandem with Asian stock markets on Monday. Bitcoin prices edged up to around $91,300, gaining 2% over the past 24 hours and up more than 6% over the past week, continuing last week’s rebound. However, BTC still faces significant resistance near $94,000. FxPro analyst Alex Kuptsikevich pointed out that this rally is still part of a corrective structure, but if momentum continues, Bitcoin has a chance to further test the $98,000 to $100,000 range.

Philippine digital bank GoTyme launches cryptocurrency services in partnership with Alpaca, allowing users to buy and sell 11 types of crypto assets within the app, with automatic exchange rate conversion supported for transactions. GoTyme focuses on simplicity and plans to expand to Vietnam and Indonesia, with no plans to optimize for profitability before 2027.

Odaily Planet Daily News: According to an official announcement, Gate Ventures has officially released its 2026 outlook report, identifying five key trends that will reshape the global value transfer, computing, and intelligence systems. These include: real-time information aggregation layers for on-chain markets, global borderless payments and FX networks, machine-native financial systems for autonomous robots, institution-grade unified yield engines, and the transformation of crypto mining into distributed AI computing power and energy supply. The report points out that these forces are driving Web3 to become crucial collaborative infrastructure in the AI economy era. The report suggests that the industry is currently entering a decisive turning point toward 2026, with real-time on-chain intelligence layers rapidly emerging in prediction and trading markets; decentralized payment and FX networks are breaking through traditional payment systems to achieve instant global settlement; autonomous robots are beginning to interact and transact on-chain with machine identities; institutions

Robinhood has officially set its sights on one of Southeast Asia’s fastest-growing retail investment markets—Indonesia. The company announced it has agreed to acquire two locally licensed entities, including securities broker PT Buana Capital Sekuritas and cryptocurrency trading platform PT Pedagang Aset Kripto, paving the way for its compliant entry into Indonesia. According to the plan, the transaction is expected to be completed in the first half of 2026. A Robinhood spokesperson told Decrypt that there are currently no further integration details to announce.

According to Gate News Bot on December 8, citing CoinMarketCap data, as of press time, PIPPIN (pippin) is trading at $0.18, up 19.24% in the past 24 hours, reaching a high of $0.25 and a low of $0.13, with a 24-hour trading volume of $67.5 million. The current market cap is approximately $176 million, an increase of $28.4 million compared to yesterday. Pippin is a project focused on building a warm community, advocating for connecting the world with kindness and gentleness. The project centers around the Pippin unicorn character, integrates the BabyAGI framework technology, and is committed to creating an ecosystem filled with fantastic narratives and community consensus. Recent important news about PIPPIN: 1️⃣ **Large institutions continue to accumulate, boosting market enthusiasm** In the past three days, large holders

As major cryptocurrencies rebound, trading activity of meme coins across various networks has picked up. Within the Solana ecosystem, the meme coin Franklin recorded a trading volume of over $20 million, with a market cap surpassing $13 million. Analysts note that PIPPIN is under strong bullish control, with trading volume reaching $20.9 million. In the BSC ecosystem, the meme coin DOYR's market cap once surged to $20 million. BlockBeats reminds investors to exercise caution in the face of price volatility.

According to Gate News Bot on December 8, citing CoinMarketCap data, as of press time, SKATE (Skate) is currently priced at $0.01, up 21.04% in the past 24 hours, with a high of $0.03 and a low of $0.01. The 24-hour trading volume reached $2.42 million. The current market cap is approximately $2.92 million, an increase of $508,300 compared to yesterday. Skate is a cross-virtual machine interaction protocol that allows users to interact with applications from any virtual machine while remaining on their preferred virtual machine. The protocol supports multiple virtual machines such as EVM, TVM, and SVM, providing the ability for a single application to run cross-chain. Skate has already integrated with Ethereum, Solana, Aptos, Base, BNB Chain,

Recently, two addresses of Abraxas Capital have been continuously closing ETH short positions, with a total closed amount of $217 million. The current position size is $51.57 million, with an unrealized profit of $6.68 million. At the same time, part of the funds has been used to increase holdings of HYPE spot, indicating a proactive adjustment strategy in the market.

Chinese crypto analyst Ban Muxia pointed out that the Federal Reserve will restore liquidity by cutting interest rates and resuming balance sheet expansion in December, and a broad-based rally is expected this week and over the next month. He mentioned that the real large-scale liquidity injection will wait until May next year.