MOVE Labs former co-founder Rushi Manche announces the establishment of Nyx Group, planning to invest up to $100 million to support cryptocurrency token projects, providing funding and comprehensive operational support to help founders access capital in challenging market conditions.

Golden Finance reports that Edmond de Rothschild Asset Management's Chief Investment Officer Benjamin Melman pointed out that American artificial intelligence companies are facing fierce competition in electricity costs. He stated that the current electricity capacity in the U.S. is insufficient to meet the growing demand of AI companies, and electricity prices are significantly higher compared to other countries. "The U.S. has a fierce competitive issue regarding electricity costs, which will drive up AI operational costs."

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.

The Federal Reserve cut interest rates by 25 basis points as scheduled, and the market reacted quickly, with Ethereum emerging as the biggest winner. Although Bitcoin hovered around $92,000, ETH successfully held its pre-meeting gains above $3,300, highlighting its sensitivity to liquidity cycles. This round of gains was not driven by leverage but by a structural reevaluation fueled by spot demand. CryptoQuant data shows that despite ETH prices rising, the funding rates in the derivatives market remain low, indicating that the typical high-leverage bubbles associated with upward movements have not appeared. On-chain data also supports this trend. Santiment reports that in the three weeks leading up to the Federal Reserve meeting, "whales" and "sharks" accumulated approximately 1 million ETH, worth over $3.1 billion. This suggests that institutions were betting early on a continued easing cycle by the Fed rather than aggressive tightening. Meanwhile, the approximately $66.5 billion in stablecoin reserves (dry powder) on exchanges provides strong potential buying pressure for the rally.

Bitcoin remains resilient after the Federal Reserve's third rate cut this year, with a brief correction but still stabilizing above $90,000. Over the past 24 hours, the cryptocurrency market has declined by about 3%, mainly due to traders' disappointment over policy expectations not being met and large holders selling off. Previously, the market widely anticipated a more dovish stance, so after briefly reaching $92,000, Bitcoin experienced profit-taking, causing Ethereum, Solana, XRP, ADA, and Dogecoin to fall in tandem. The overall market capitalization also decreased from $3.22 trillion to $3.07 trillion. There are still disagreements within the Federal Reserve regarding the future direction of monetary policy, and the plan to possibly purchase up to $40 billion in Treasury bonds over the next 30 days further increases market uncertainty. With no additional rate cuts scheduled in the near term, investors will focus on the next FOMC meeting in January 2026.

Sei (SEI) price tests the $0.14 key resistance level again amid surging trading volume, and its new integration with Xiaomi Wallet has also drawn market attention to its long-term potential. As of now, SEI is priced at $0.1421, up 2.1% in the past 24 hours, up 2.3% over the past week, but down 24% over the past 30 days, remaining in a generally weak structure. The rapid increase in market activity is the core driver of recent market trends. In the past 24 hours, SEI's spot trading volume surged 261% to $237 million. Derivatives data is also strong, with open interest increasing 8.7% to $100 million, and derivatives trading volume rising 202% to $400 million. This indicates that funds are establishing new positions, which typically suggests that a directional breakout in the market is imminent.

Gate News Bot Message, December 11 — According to CoinMarketCap data, at the time of press, YALA (Yala) is trading at $0.03, up 24.96% in the past 24 hours. The highest price reached $0.03, and the lowest dropped back to $0.03. The 24-hour trading volume is $4.47 million. The current market cap is approximately $9.09 million, an increase of $1.81 million from yesterday. Yala is a Bitcoin liquidity protocol that over-collateralizes BTC to mint $YU stablecoin, providing trustless Bitcoin liquidity for DeFi, real-world assets, and global payments. Users can achieve true self-custody, low liquidation risk, and full Bitcoin exposure on the Yala mainnet. Currently, Yala’s total value locked (TVL) is $90.35 million, with a total supply of $38.39 million of $YU. Users can access through Pro Mode and

Pi Network is facing renewed legal scrutiny as a new lawsuit emerges in the United States, but one industry expert argues the case is unlikely to hold up in court. According to Pi researcher Dr. Altcoin, the lawsuit filed in the U.S. District Court in California is “deeply flawed” and built on claims that misrepresent the project’s history and technical structure. In a detailed post on X, Dr. Altcoin criticized the lawsuit for presenting misleading information—most notably the allegation

Gate News Bot message, December 11th, according to CoinMarketCap data, as of press time, STABLE (Stable) is currently priced at $0.02, up 0.05% in the past 24 hours, with a high of $0.05 and a low of $0.02, and a 24-hour trading volume of $3.09 billion. The current market capitalization is approximately $312 million. Stable is a blockchain designed specifically for stablecoin payments, providing a native first-layer settlement layer for USD₮. The platform aims to address issues such as fragmented liquidity, unpredictable fees, and institutional friction within the current stablecoin ecosystem.

Gate News Bot messages, December 11th, according to CoinMarketCap data, as of press time, LUNC (Terra Classic) is trading at $0.00006374, up 7.22% in the past 24 hours, with a high of $0.000079848 and a low of $0.0000063462. The 24-hour trading volume reached $275 million. The current market capitalization is approximately $349 million, an increase of $23.5 million from yesterday. Terra Classic is an open-source decentralized blockchain based on Cosmos-SDK, protected by Tendermint consensus mechanism. As an independent branch of the original Terra network, Terra Classic is maintained and operated by numerous validators and active community organizations. Block confirmation time is about 6 seconds, transaction fees are less than one cent, and on-chain smart contract execution is fully autonomous.

Sygnum's latest release of the "2025 Asia-Pacific High Net Worth Individual Report" shows that wealthy investors in Asia are accelerating their adoption of digital assets. The survey covered over 270 high-net-worth and professional investors across 10 Asia-Pacific markets. The results indicate that 87% of respondents have incorporated cryptocurrencies into their investment portfolios, with 49% allocating more than 10% of their assets to digital assets. The overall median allocation is between 10% and 20%. Additionally, up to 60% of wealthy investors plan to further increase their allocations in the future, reinforcing Asia's leading position in the global crypto market. The report emphasizes that this trend reflects the maturation of the private wealth management market in Asia. Behaviors previously dominated by speculation and short-term trading are being replaced by "wealth preservation" and "intergenerational planning." Ninety percent of respondents consider digital assets an important component of long-term wealth management, and diversification is the primary motivation for their crypto investments. Correspondingly, high-net-worth investors are demanding more complex products, including active management strategies, outsourced portfolio management, and yield enhancement tools.

Bitcoin prices plummeted to $89,000 during Asian trading hours, approaching the $80,000 mark at one point, dragging the total cryptocurrency market capitalization down from $3.22 trillion to $3.06 trillion, a loss of $160 billion in a single day. As expected, the Federal Reserve cut interest rates by 25 basis points, but disagreements within the FOMC and Powell's hawkish stance became the core reasons for the sharp market correction. The meeting minutes revealed that several officials opposed the rate cut, and Powell further indicated that the Fed might pause rate cuts until January 2026. This hawkish signal quickly dampened risk asset sentiment. Additionally, the Fed announced it would purchase up to $40 billion in Treasury securities within 30 days. Although officials emphasized that this was not quantitative easing (QE), the market widely viewed this move as exposing liquidity pressures. Gold prices subsequently rose, and analysts warned that the banking system could face deeper risks.

BlockBeats News, December 11th, according to GMGN monitoring, affected by market correction, the overall on-chain ecosystem of Solana shows a downward trend. Meme coins that had significant gains yesterday, such as 67 and SPARK, have experienced varying degrees of decline today, while PIPPIN's price remains stable. However, some Meme coins continue to maintain yesterday's gains. The specific information is as follows: JELLYJELLY: up 37% in 24 hours, with a market cap of approximately $58.7 million, currently priced at about $0.058; FKH: up 31% in 24 hours, with a market cap of approximately $8.04 million, currently priced at about $0.008; PIPPIN: up 4.9% in 24 hours, with a market cap of approximately $344 million, currently priced at about $0.344; 67: down 28% in 24 hours, with a market cap of approximately $1.635 million.

Gelep Mindfulness City Administration announced that Matrixport's Matrixdock has become the core technology partner for the gold-backed token TER, responsible for building its underlying tokenization technology framework. This marks Matrixdock's leading position in the national RWA scenario, laying the foundation for Bhutan's digital financial system and potentially influencing industry standards.

Midnight Network's NIGHT token surged nearly 200% within 24 hours of its launch on December 9, with a total market capitalization surpassing $1.2 billion. Its first-day trading volume exceeded $320 million, making it one of the most关注的新项目之一 in the privacy sector this quarter. Midnight is positioned as a partner chain of Cardano, with its initial token minting and ledger utilizing Cardano's native asset architecture. As the privacy coin narrative rapidly heated up after October, the launch of Midnight was seen as hitting a critical point in market sentiment shift. Over the past two months, Zcash experienced a tenfold surge against regulatory pressures, and the total trading volume of privacy coins such as Dash, Monero, Railgun, and Decred once approached $3 billion.

Gate News Bot message, December 11th, according to CoinMarketCap data, as of press time, USTC (TerraClassicUSD) is reported at $0.01, up 10.88% in the past 24 hours, reaching a high of $0.01 and dipping to a low of $0.01. The current market cap is approximately $59.4 million, an increase of $5.84 million from yesterday. USTC (Terra Classic USD) is a digital asset within the Terra Classic ecosystem. USTC originated as an algorithmic stable asset within the Terra ecosystem, designed to mirror the US dollar by balancing supply with LUNC through on-chain market modules. After the network adjustment in May 2022, the dollar-pegging mechanism ceased operation, and USTC transitioned into a freely traded token, with its price entirely driven by market supply and demand. Today, USTC is a volatile digital asset.

Gate News Bot Message, December 11th, according to CoinMarketCap data, as of press time, LUNA (Terra) is now trading at $0.21, up 39.42% in the past 24 hours, with a high of $0.25 and a low of $0.07. The 24-hour trading volume reached $703 million. The current market capitalization is approximately $150 million, an increase of $42.6 million compared to yesterday.

Gate News Bot message, December 11th, according to CoinMarketCap data, POWER (Power Protocol) is currently priced at $0.24, up 16.99% in the past 24 hours, reaching a high of $0.32 and a low of $0.07. The 24-hour trading volume is $820 million. The current market capitalization is approximately $49.8 million, an increase of $7.24 million compared to yesterday.

Gate News Bot message, December 11th, according to CoinMarketCap data, at the time of press, BEAT (Audiera) is currently priced at $1.70, up 32.10% in the past 24 hours, with a high of $2.02 and a low of $0.98. The current market cap is approximately $273 million, an increase of $64.4 million from yesterday. Audiera is an innovative Web3 platform that combines dance and blockchain, inheriting 20 years of dance cultural heritage and boasting a community of 5.6 million dancers. The platform offers an experience through the Groove app without the need for downloads, allowing users to connect their wallets and interact with AI virtual idols Kira and Ray. Audiera supports earning rewards through dancing, providing features such as dApp, NFT creation, staking, and mining, leading a new era of dance and virtual integration. # BEAT recent

Gate News Bot message, December 11th, according to CoinMarketCap data, as of press time, FHE (Mind Network) is currently trading at $0.06, up 31.38% in the past 24 hours, with a high of $0.06 and a low of $0.01. The 24-hour trading volume reached $34.4 million. The current market capitalization is approximately $20.6 million, an increase of $4.93 million from yesterday. Mind Network is a pioneer in Fully Homomorphic Encryption (FHE) infrastructure, dedicated to building a completely encrypted internet. Its core technology, FHE, is regarded as the "Holy Grail" of cryptography, built on lattice cryptography, and has been recognized by NIST as an approved post-quantum cryptographic standard in 2024.

EXOD cryptocurrency wallet company's digital asset update as of November 30, 2025, shows holdings of 1902 BTC (down 245), 2802 ETH (up 18), and 31050 SOL (down 18517).

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.

Gate News Bot message, December 11th, according to CoinMarketCap data, TRUTH (Swarm Network) is currently priced at $0.02, up 152.17% in the past 24 hours, with a high of $0.03 and a low of $0.01. The 24-hour trading volume reached $28.9 million. The current market cap is approximately $47.4 million, an increase of $2.86 million from yesterday. Swarm Network is a multi-agent collaboration and decentralized real verification platform dedicated to building a trust layer for the Web3 ecosystem through the Truth Protocol. The network combines decentralized AI agent groups, cryptographic technologies, and zero-knowledge proofs to provide real-time arbitrary data verification capabilities for dApps. Core features include: real-time data stream processing using a hybrid verification system, developed by

Gate News Bot Message, December 11th, according to CoinMarketCap data, LRC (Loopring) is currently priced at $0.07, up 33.26% in the past 24 hours, reaching a high of $0.08 and dropping to a low of $0.05. The current market capitalization is approximately $91.91 million, an increase of $22.90 million compared to yesterday.

BlockBeats News, December 11 – Recently, mortgage rates have eased somewhat, but the trend remains unstable. The Federal Reserve does not directly control mortgage rates through the federal funds rate; instead, the main 30-year mortgage rate typically follows the 10-year U.S. Treasury yield, which is influenced by market expectations of future economic trends and monetary policy. This means that sometimes mortgage rates can differ from the Federal Reserve's decisions to cut rates or keep short-term rates steady. For example, when the Fed cut rates in September, market uncertainty about whether further cuts would follow actually pushed up mortgage rates. While this upcoming meeting may not replicate such a scenario, its outcome could still disturb the 10-year Treasury yield and indirectly impact mortgage rates. Investors, prospective homebuyers, and homeowners are all highly focused on mortgage rate movements. However, the current fluctuations in mortgage rates have a significant effect on the overall

TRON ECO announces that the Holiday Odyssey festival event will be held from December 10, 2025, to January 18, 2026. Participants can engage with multiple ecosystem projects, collect holiday rewards through interactions, and light up the TRON ecosystem universe. The pre-heating phase has already begun.

The Federal Reserve will announce its interest rate decision on December 10, with the market expecting a 25 basis point rate cut to 3.50%-3.75%. There are internal disagreements, and some officials may oppose the rate cut. Meanwhile, the market is paying attention to whether a "Reserve Management Bond Purchase Plan" will be launched, with an expected scale of up to $60 billion.

Pundi AI and daGama have reached a strategic partnership, combining real location data with verifiable data infrastructure to enhance user experience. This collaboration will promote the development of the AI ecosystem, introduce new products, and allow users to gain economic opportunities by contributing data.

According to BlockBeats news, on December 10th, CryptoQuant analyst Axel posted on social media that Bitcoin has regained its bullish structure after a pullback to $80,000. The move comes against the backdrop of the market almost fully pricing in a third consecutive rate cut by the Fed, which will improve financial conditions and open a window for further asset gains without Powell releasing hawkish surprise signals. Since the peak pullback to the $80,000 range in October, the price has shown a steady upward trend over the past 14 days. The key signal is: the 200-day moving average (DMA) slope (blue histogram) has turned positive for the first time in a month, indicating that short-term bullish momentum has returned. The current price has stood above the 50-day and 200-day moving averages, and the trend is confirmed. The 52-week high (orange line) forms a key resistance level – once breached, it will be a follow-up

According to GMGN monitoring, the market capitalization of the meme coin GBACK has exceeded $10 million and is now trading at $9.42 million, up 200% in 24 hours. Other meme coins such as PIPPIN, 67, FKH, and SPARK have also risen by more than 70%. BlockBeats warns investors about the risks of trading meme coins.

At a time when market activity is slowing down, the SUI ecosystem has ushered in a favorable critical infrastructure. SUI officially announced that ZenLedger has been integrated into the network to provide users with automated tax processing, accounting tools, and audit compliance processes. The service covers more than 300 exchanges and 40 blockchains, making it one of the most comprehensive financial reporting solutions for current SUI users. This move targets the complex tax filing problem that has long plagued crypto traders, laying the foundation for SUI to attract a wider range of retail and institutional investors. Despite the positive progress in ecological construction, short-term data presents mixed signals. SUI's total DeFi value locked has decreased slightly by 1% in the past 24 hours, maintaining at $923 million, indicating stable funds but not expanding. The scale of lock-up is still considerable, which strengthens the confidence of long-term holders, but the incremental funds of the overall ecosystem have not yet returned.

According to Gate News Bot news, on December 10, according to CoinMarketCap, as of press time, XAI (Xai) is currently trading at $0.02, up 13.48% in 24 hours, with a 24-hour trading volume of $24.2 million. The current market capitalization is approximately $35.4 million, an increase of $4.2 million from yesterday. Xai is a Layer 3 gaming blockchain network built on Arbitrum, dedicated to bringing the scale capabilities of Steam and Epic Games to Web3 games. The platform provides core technical tools such as Network, Connect, and Builder to help developers easily deploy on-chain game assets. The Xai ecosystem has now gathered a number of innovative games such as Planet X, Riftstorm, and My Angry Yakuza Girlfriend, and has set up a $100 million game incentive fund to support developers. Additionally, the platform launched the Vanguard League competitive league, offering exclusive rewards to players who earn elite achievements in deploying games on the Xai chain.

Solana (SOL) price is approaching the key resistance level of $140, and several on-chain and derivatives indicators suggest that it may be in a "deep cycle reset" phase, signaling a potential strong rally. On December 10, SOL was trading at $138, up 5% in 24 hours, but still down 17% over the past month. Over the past week, the price has traded sideways between $128 and $145, but it has been accompanied by a significant increase in volume. Yesterday's trading volume reached $6.97 billion, a year-on-year increase of 34%, indicating a rise in interest in the spot and futures markets. According to CoinGlass data, Solana derivatives volume increased by 23% to $18 billion, and open interest (OI) rose to $7.25 billion. An increase in OI during a sideways price movement usually means that traders are accumulating positions to lay out in advance for potential trend reversals.

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, HYPER (Hyperlane) is now trading at $0.16, up 20.35% in 24 hours, reaching a high of $0.18 and a low of $0.13, with a 24-hour trading volume of $8.49 million. The current market capitalization is approximately $32 million, an increase of $5.41 million from yesterday. Hyperlane is an open blockchain interoperability framework that provides developers with production-ready infrastructure to pass arbitrary data across hundreds of chains and virtual machines. The protocol supports 7 virtual machines (including EVM, Solana VM, Cosmos SDK, etc.), covers more than 130 public chains, and has securely verified more than $1 billion in cross-chain asset transfers. Hyperlane adopts modular,

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, TRUMP (OFFICIAL TRUMP) is now trading at $5.88, up 3.94% in 24 hours, reaching a high of $6.12 and a low of $5.61, with a 24-hour trading volume of $336 million. The current market capitalization is about $1.176 billion, an increase of $44.6 million from yesterday. TRUMP is an officially recognized Trump-themed token designed to express support for Trump's spirit and philosophy. The token is based on the two blockchains of Solana and TRON, with an initial supply of 200 million coins\$TRUMP and will grow to 1 billion tokens within three years. Users can make convenient purchases through the Moonshot platform using various payment methods such as Visa, MasterCard, Apple Pay, etc., as well as trade through DEXs such as Raydium. The official statement clearly states that the TRUMP token is a cultural expression product and is not an investment product or security.

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, PENGU (Pudgy Penguins) is now trading at $0.01, up 9.70% in 24 hours, reaching a high of $0.01 and a low of $0.01, with a 24-hour trading volume of $316 million. The current market capitalization is about $785 million, an increase of $69 million from yesterday. PENGU is the social currency of the Pudgy Penguins ecosystem, symbolizing community, culture, and positive values. PENGU allows the expanding Pudgy Penguin fan base and hundreds of millions of non-crypto people who reach and share Pudgy Penguin to The Huddle community. As a global cultural phenomenon, Pudgy Pengu

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, PORTAL (Portal) is currently trading at $0.02, up 13.62% in 24 hours, and the current market value is about $12.4 million, an increase of $1.49 million from yesterday. Portal is a universal liquidity network that connects developers with users around the world. As the universal liquidity layer of Web3, Portal has created the "Hyperway" - Web3's superhighway, enabling the seamless flow of users, liquidity, and attention, eliminating the fragmentation problem of Web3. The Portal ecosystem includes products such as Portal Wallet, Portal Hub, and Portal Pay, providing users with cross-chain liquidity access and a seamless wallet experience. Portal has been launched on Solana and has partnered with top Web3 ecosystem partners such as Sui, Immutable, and Magic Eden to build an interoperable network covering mainstream blockchains.

ZCash (ZEC) exploded strongly after its launch on an exchange on December 3, rising 30.8% in a short period of time, rising from $312.8 to $409.2, successfully breaking through the psychological mark of $400. The market generally believes that this wave of rise is driven by "synergy", but for traders, the profit margins from volatility are the key. According to the latest analysis, $360 is seen as a significant support level, which has now been successfully held, setting the stage for further gains. With $400 breached, ZEC's next key target is $480, and the technical structure is gradually moving in this direction.

Andrew Tate recently posted on social platforms, questioning MicroStrategy's purchase of about 10,000 Bitcoins but failing to drive the price up, a statement that quickly sparked heated discussions in the Bitcoin community. Despite the staggering size of this nearly $1 billion purchase, the Bitcoin price remained in the $88,000 to $92,000 range before and after the announcement, with little market reaction. The discussion focused on a key question: Why didn't such a huge buying order drive spot prices? Industry insiders pointed out that the core reason is that micro strategies usually do not execute buy orders through the open market, but rely on over-the-counter (OTC) to complete large orders. OTC platforms privately match buyers and sellers to complete huge transactions off-chain, avoiding impact on the order book and leaving no traces on the price chart.

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, WET (Humidifi) is now trading at $0.24, up 117.69% in 24 hours, reaching a high of $0.25, falling back to $0.11, and a 24-hour trading volume of $191 million. The current market capitalization is about $56.1 million, an increase of $3.03 million from yesterday. HumidiFi is a trading leaderboard platform based on the Solana chain, incentivizing user trading activities through a leaderboard mechanism and achievement system, providing DeFi users with transparent transaction data tracking and community engagement mechanisms. The platform features a rich system of achievement medals covering multiple levels of trader classifications, aiming to create an interactive trading community ecosystem. # WET Recent Important News: 1️⃣ **Gate platform

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, LUNC (Terra Classic) is currently trading at $0.000062, up 17.42% in 24 hours, reaching a high of $0.000080 and a low of $0.000028, with a 24-hour trading volume of $357 million. The current market capitalization is about $341 million, an increase of $50.5 million from yesterday. Terra Classic is an open-source decentralized blockchain built on the Tendermint consensus and Cosmos-SDK. As a derivative of the original Terra network, it now operates independently, maintained by a diverse collection of validators and the most active grassroots community in the crypto ecosystem. The block is finalized in about 6 seconds, and the transaction fee remains insufficient