News

According to BlockBeats, data from Coinmarketcap indicates that the Altcoin Season Index currently stands at 19. This marks a significant drop from its previous high of 78 on September 20, with last week's average at 25. The index reveals that over the past 90 days, approximately 19 out of the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin. The CMC Altcoin Season Index serves as a real-time indicator to assess whether the cryptocurrency market is experiencing a season dominated by altcoins. It is based on the performance of the top 100 altcoins relative to Bitcoin over the last 90 days.

Key TakeawaysETH exchange supply drops to a record-low 8.8%, signaling a potential supply squeezeFusaka upgrade boosts scalability and may attract new developer and user activityWhale leverage positions increase market sensitivity near key Fibonacci support at $3,020 ETH Hovers Around $3,000 as Exchange Supply Hits Decade LowsEther has hovered around $3,000 over the past few days, with 24-hour performance showing a 0.63% rise and a 0.94% weekly gain, despite a negative 9.07% monthly trend. The asset is consolidating near $3,050, unable to push through $3,200 resistance.The standout development is the historic supply contraction. Just 8.8% of ETH now sits on centralized exchanges, levels unseen since 2015, after a 43% decline in reserves since July. Analysts warn that this environment represents Ethereum’s tightest supply conditions ever, with over 43% of ETH locked in staking, DeFi activity, restaking loops, long-term custody, and institutional holdings.Source: GlassnodeThis structural liquidity decline mirrors the conditions that preceded ETH’s 2021 rally, where a supply crunch coincided with +300% upside as buying pressure absorbed thin order books. Fusaka Upgrade Expands Network ScalabilityEthereum’s Fusaka upgrade, activated on December 3, is another tailwind. The introduction of PeerDAS increases data availability by 8x for Layer-2 networks, reducing node storage and transaction costs.Early on-chain data shows rising activity, consistent with patterns observed after past upgrades such as Dencun (2024), which preceded strong bullish momentum as efficiencies improved.A key metric to watch is Layer-2 throughput, with a target of 12,000+ TPS by 2026, a milestone that could redefine Ethereum’s competitive landscape. Whale Leverage Adds Volatility Near Key LevelsWhale activity reveals mixed market sentiment.A large trader opened a 20,000 ETH long at $3,040, with a liquidation threshold near $1,190, signaling aggressive upside conviction. Another whale saw $164,000 in losses on a 7,925 ETH position.Leverage remains elevated, contributing to $295M in liquidations across crypto in 24 hours. This makes $3,036–$3,020 a crucial buffer zone, especially as the 61.8% Fibonacci level sits near $3,020.Analysts warn that dips below this range could trigger cascading leverage unwinds, while stability above it supports a high-confidence bullish structure. Volume Momentum Suggests Hidden StrengthOn-chain observers highlight a bullish signal: the On-Balance Volume (OBV) indicator recently broke above resistance. Despite price rejection, this divergence often signals underlying buying strength.Source: Sykodelic on XOne analyst notes that OBV is “one of the most reliable leading indicators,” adding that current price action looks constructive and may reach higher levels before a deeper pullback. Market Flows: ETFs Soft as Corporations Accumulate ETHSentiment remains divided.Spot Ethereum ETFs posted $75.2M in outflows, continuing a multi-week retreat after $1.4B in outflows in November. Meanwhile, smart money traders on Nansen are net short $21M, adding $2.8M to short positions in the past day.At the same time, corporate accumulation remains strong.BitMine, already the world’s largest corporate ETH holder, added $199M in two days and now controls 3.08% of total ETH supply. The firm has deployed $2.13B over the past month, countering a wider slowdown in digital asset treasury activity. Moving Averages Highlight Compression PhaseEthereum trades near short-term averages, with mixed signals across timeframes:Source: TradingViewETH remains below major mid- and long-term averages such as the EMA100 (3,528.0) and SMA200 (3,540.5), indicating a compression phase rather than directional strength.Such phases often precede significant breakouts once catalysts form. ETH Outlook: Key Levels to Watch This WeekEthereum’s setup blends structural strength with short-term caution:Bullish DriversRecord-low exchange supply tightening liquidityFusaka upgrade scalability gainsRisk FactorsETF outflows and smart money shortsElevated derivatives open interestSensitivity to $3,020 Fibonacci supportA sustained hold above $3,020 keeps the Q1 2026 rally narrative intact, while a loss of this level increases the probability of broader deleveraging.

According to Odaily, U.S. entrepreneur Elon Musk has criticized the European Union's decision to impose a €120 million fine on his social media platform, X. Musk expressed his discontent on X, stating that the fine was not only absurd but also personally targeted at him. He suggested that responses should be directed not only at the EU but also at the officials responsible for the decision, adding that the EU should be abolished. Local media reports indicate that the U.S. government has condemned the EU's fine on X, viewing it as a move specifically targeting American companies. U.S. President Donald Trump warned that if the EU continues to penalize American tech firms, the United States might impose additional tariffs on the EU.

According to ChainCatcher, the U.S. Securities and Exchange Commission (SEC) is set to hold a roundtable discussion on December 15, focusing on cryptocurrency, financial monitoring, and privacy. Participants will include notable figures such as Zcash founder Zooko Wilcox. Analysts suggest that the SEC may use this meeting to assess the regulatory emphasis it can place on crypto privacy projects during its rule-making process. If a consensus is reached that zero-knowledge proofs can fulfill compliance obligations, this flexibility could be integrated into the rules for digital asset brokers, alternative trading systems, and custodians. However, if the meeting divides into camps viewing privacy as either a right or a facilitator of crime, the SEC might continue with its current monitoring-focused framework, potentially leading privacy advocates to pursue legal action.

According to ChainCatcher, Matt Huang, co-founder of the crypto investment firm Paradigm, recently shared his perspective on social media, describing the current phase of cryptocurrency as akin to the 'Netscape moment' or 'iPhone moment.' Huang emphasized the unprecedented scale at which the crypto industry is operating, surpassing previous expectations. He noted that both institutional and cypherpunk levels are experiencing accelerated development. The term 'Netscape moment' refers to the release of the Netscape browser in 1995, which marked the transition of the internet into mainstream adoption. Similarly, the 'iPhone moment' in 2007 signified the explosive growth of mobile internet, fundamentally transforming how people engage with technology, payments, social interactions, and consumption.

According to ChainCatcher, Strategy CEO Phong Le recently appeared on CNBC's 'Power Lunch' to discuss the relationship between $MSTR stock and Bitcoin prices, how the company's dollar reserves are positioned to handle market fear, uncertainty, and doubt (FUD), key drivers of market volatility, and the strong long-term outlook for Bitcoin. Le clarified that the company's current dollar reserves can sustain operations for at least 21 months without needing to sell Bitcoin. This approach has received positive feedback from investors, who appreciate the company's transparent communication and long-term strategic planning.

Key TakeawaysBitcoin bullish momentum could strengthen as CFTC-approved spot trading boosts institutional confidenceOn-chain liveliness indicator hits a new cycle peak, signaling persistent demand despite muted price actionKey levels to watch this week remain $92,000 as resistance and the low-$80,000 range as structural supportCFTC Decision Reshapes Immediate Market SentimentThe CFTC’s announcement enabling spot Bitcoin and Ethereum trading on registered U.S. futures exchanges is being viewed as a structural shift for the crypto market. The move offers commodity-grade regulatory clarity, reducing legal uncertainty that has weighed on digital assets for years.Source: CFTC.govThis legitimacy mirrors gold’s transformation in the 1970s, when its debut on regulated U.S. futures venues sparked deep liquidity, institutional activity, and eventually a 4,000% price increase over decades. BTC and ETH now share a similar framework—one that may channel institutional interest back onshore and strengthen market confidence.The decision also addresses a long-standing gap in U.S. crypto trading. Despite platforms like Coinbase and Kraken, traders previously lacked regulated spot leverage and deep domestic liquidity, a factor that helped drive 41.1% of global spot volume to Binance in 2025. With structured U.S. venues now live, order-book depth is expected to rise. Market Context: Structural Liquidity Is ImprovingRegulatory recognition is historically linked to rapid liquidity growth. After WTI oil futures launched in 1983, monthly volume surged from 3,000 contracts to over 100,000 within one year, eventually topping 1 million contracts per day in modern markets. Analysts expect a similar scaling effect for Bitcoin liquidity as U.S. traders, market makers, and institutions enter regulated rails.Enhanced liquidity generally reduces price volatility, as large orders are absorbed more efficiently—an important factor for institutional allocators seeking higher confidence in execution quality. On-Chain Indicators Strengthen the Bullish CaseAnalysts highlight that Bitcoin’s liveliness indicator, a metric comparing lifetime spending to holding behavior, has reached a new cycle peak, historically associated with bullish market phases.The indicator is rising even as spot prices consolidate, suggesting persistent underlying demand and significant capital rotation within the network.Source: TXMC on XAnalyst TXMC notes that liveliness “continues to march higher this cycle despite lower prices,” pointing to strong activity from long-term holders. Analyst James Check adds that dormant coins are moving at magnitudes “much larger than in 2017,” reflecting transactions now in the billions rather than thousands.This on-chain backdrop signals robust transactional strength, even without immediate price reaction, another sign that buying pressure may be quietly building beneath the surface. Price Levels: Consolidation Before a Potential BreakoutBitcoin briefly dipped below $89,000 over the weekend but stabilized near $89,500, which aligns with broader consolidation expectations. Analyst Michaël van de Poppe considers the $86,000–$92,000 region “mostly noise,” with a retest of $92,000 potentially opening the door to a breakout.Source: TradingViewThe moving average table shows BTC trading below all major trend references, including the EMA10 at 90,140, EMA20 at 91,416, and EMA50 at 97,403. This signals ongoing trend compression, rather than directional momentum, but compression phases often precede significant expansions.Should BTC revisit the low-$80,000 zone, analysts anticipate a potential double-bottom structure, which may act as a springboard into late-year strength and a Q1 rally. Bitcoin Forecast: What To Watch This WeekThis week’s Bitcoin outlook leans constructive, with several catalysts supporting a potential shift upward:Institutional inflows could rise as trading begins on regulated CFTC-approved venuesOn-chain strength suggests active participation from long-term holdersA break above $92,000 remains the key technical trigger for renewed bullish momentumNear term, investors should monitor U.S. trading volume on the new CFTC venues, order-book depth improvements, and any ETF-related flows as the market digests this historic regulatory milestone.

The global cryptocurrency market cap now stands at $3.04T, down by 0.28% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $88,908 and $90,290 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $89,184, down by 0.47%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include MDT, WIN, and GLMR, up by 76%, 48%, and 37%, respectively.Top stories of the day:Federal Reserve's December Rate Cut Probability at 86.2%, CME Data ShowsU.S. Economic Outlook Promising, Says National Economic Council DirectorSEC Chair Predicts Bitcoin's Role in Future Financial SystemsBitcoin Activity and 'Liveliness' Indicator Spurs OptimismQuantum Computing's Threat to Cryptography Overstated, Report FindsEther Supply on Exchanges Hits Record LowSolana Foundation President Urges Focus on Market ExpansionBitcoin's Comparison to Historical Tulip Bubble Inappropriate, Analyst SaysStrategy CEO Discusses Bitcoin's Impact on Company Stock and Market ResilienceBitcoin Mining Costs Surge Amid Rising ExpensesMarket movers:ETH: $3029.63 (+0.00%)BNB: $888.92 (+0.73%)XRP: $2.028 (+0.18%)SOL: $131.68 (-0.59%)TRX: $0.2846 (-1.42%)DOGE: $0.13874 (-0.35%)WLFI: $0.1476 (-0.87%)ADA: $0.4154 (+0.78%)WBTC: $89074.05 (-0.42%)BCH: $579.7 (+0.17%)

According to BlockBeats, data from CME's 'FedWatch' indicates an 86.2% probability of a 25 basis point rate cut by the Federal Reserve in December, with a 13.8% chance of maintaining the current rate. The Federal Reserve is set to announce its interest rate decision for the period ending December 10 at 3:00 AM UTC+8 on December 11. The expected rate is 3.75%, down from the previous 4.00%. Federal Reserve Chair Jerome Powell will hold a monetary policy press conference at 3:30 AM UTC+8.

According to PANews, Kevin Hassett, Director of the U.S. National Economic Council, expressed optimism about the country's economic prospects, stating that unless a 'black swan' event occurs, the nation is poised for a 'golden year' in economic history. Hassett mentioned that he would be 'disappointed' if the growth rate in the first and second quarters of the next year is only 3%, suggesting that an additional percentage point increase is easily achievable. Furthermore, he reiterated his expectation that Federal Reserve policymakers will lower interest rates at their meeting next week, noting that it is an opportune moment for the Fed to cautiously reduce rates again.

According to ChainCatcher, Jack Mallers, CEO of Twenty One Capital and founder of Bitcoin financial company Strike, announced on the X platform that a significant Bitcoin transfer is imminent. Twenty One Capital plans to list on the New York Stock Exchange under the ticker XXI on December 9, next Tuesday. As part of the transaction process, the company will transfer 43,500 Bitcoins from third-party custody to a self-custody account, and will update the proof of reserves accordingly.

On Dec 07, 2025, 08:06 AM(UTC). According to Binance Market Data, BNB has dropped below 890 USDT and is now trading at 889.909973 USDT, with a narrowed narrowed 0.79% increase in 24 hours.

According to BlockBeats, a Bitcoin wallet associated with Casascius physical bitcoins has transferred 2,000 BTC, valued at approximately $180 million, after being inactive for over 13 years. These bitcoins had remained unmoved since 2011-2012, when the price per bitcoin was less than $15. Casascius physical bitcoins were introduced by U.S. entrepreneur Mike Caldwell in 2011. These coins featured embedded private keys and tamper-evident holograms, serving as offline cold storage. They were available in denominations ranging from 1 BTC to 1,000 BTC. In 2013, the issuance of these coins was halted after FinCEN classified them as an "unregistered money transmitter." Approximately 90,000 coins remain in circulation, mostly in small denominations, with only six coins and 16 bars containing 1,000 BTC each. The reason behind the recent transfer remains unclear, whether it was a sale, internal restructuring, or a precautionary measure due to potential material degradation. Earlier this year, a user holding 100 BTC in Casascius bars faced challenges importing private keys into modern wallets, prompting a transfer of approximately $9 million to a hardware wallet.

According to Odaily, Solana Foundation President Lily Liu has called for a shift in focus within the Solana ecosystem's lending protocols. Liu expressed on the X platform that instead of engaging in disputes over issues like 'one-click migration tools' and 'risk statements,' efforts should be directed towards expanding the overall market size. She highlighted that the current Solana lending market is approximately $5 billion, which is only a tenth of Ethereum's market and negligible compared to the multi-trillion-dollar scale of traditional finance. Liu emphasized that teams have the option to either compete against each other or aim to capture a larger share of the broader crypto and traditional finance markets, stating, 'The direction is up to us.'In related news, a Jupiter executive has admitted that the promotion of Jupiter Lend as having 'zero contagion risk' was inaccurate.

According to BlockBeats, monitoring by HyperInsight reveals that the Ethereum long positions held by Huang Licheng, also known as 'Machi,' have incurred a floating loss of $164,000. Previously, these positions had experienced a floating profit exceeding $1.6 million. Despite market trends, 'Machi' has continued to increase his long positions. Currently, the position involves a 25x leverage on 7,925 ETH, with an opening price of $3,057.48 and a liquidation price of $2,990.67.

According to TechFlow, on December 7, a significant Ethereum holder, identified as pension-usdt.eth, has opened a leveraged long position involving 20,000 ETH. The transaction was executed at a price of $3,040.92 per ETH, with a liquidation price set at $1,190.66. This move was monitored by the on-chain analysis platform Lookonchain. The whale's decision to utilize a twofold leverage indicates a strategic approach to capitalize on potential market fluctuations.

According to Cointelegraph, the amount of Ether (ETH) held on centralized cryptocurrency exchanges has reached an unprecedented low, raising concerns about a potential supply squeeze. Data from Glassnode reveals that ETH exchange balances fell to 8.7% last Thursday, marking the lowest level since the Ethereum network's inception in mid-2015. By Sunday, this figure slightly increased to 8.8%, yet it remains significantly low. Since the beginning of July, the amount of ETH on exchanges has decreased by 43%, coinciding with a surge in digital asset treasury (DAT) purchasing.The macro investment research platform, Milk Road, highlighted that Ether is entering its tightest supply environment ever, a situation not previously observed. In contrast, Bitcoin's presence on exchanges is higher, standing at 14.7%, according to Glassnode. Milk Road further explained that ETH is being absorbed into areas that do not typically sell, such as staking, restaking, layer-2 activities, DATs, collateral loops, and long-term custody. This absorption could lead to a supply squeeze, potentially driving price momentum. Despite current market sentiment feeling heavy, the tightening ETH supply is occurring in the background, and once the gap closes, prices are expected to follow.Analyst Sykodelic noted a breakout in the On-Balance Volume (OBV) indicator, a volume-based momentum tool, above resistance last Friday. Although the price faced rejection, this divergence often signals hidden buying strength that could precede upward movements. Sykodelic emphasized that while indicators do not guarantee outcomes, OBV is considered one of the most reliable leading indicators. Coupled with bullish price action, there is an expectation of a rise before any significant pullback.Ether prices have largely remained above $3,000 over the past five days, though resistance at $3,200 has not been breached. In the last 24 hours, ETH has consolidated around the $3,050 mark. The performance of Ether against Bitcoin also drew attention last week, as the ETH/BTC pair broke above a downtrend line, indicating potential bullish momentum.

According to Foresight News, data from DefiLlama indicates that the open interest in the prediction market Opinion has surpassed $72 million this week, marking a new historical high. The cumulative trading volume has exceeded $6.5 billion, with liquidity and trading activity continuing to strengthen. The total open interest for Polymarket, Opinion, Myriad, and Limitless is approximately $300 million, $72 million, $950,000, and $730,000, respectively.

According to ChainCatcher, NVIDIA CEO Jensen Huang recently stated that Bitcoin is transforming excess energy into a new form of currency that can be easily transported and carried anywhere.

According to ChainCatcher, while quantum computers pose a long-term threat to cryptography, the actual risk is often exaggerated. A report indicates that the likelihood of 'cryptography-relevant quantum computers' capable of breaking modern encryption systems emerging before 2030 is very low.Venture capital firm a16z recommends the immediate deployment of hybrid encryption schemes to counter 'harvest now, decrypt later' (HNDL) attacks. However, it suggests that blockchain technology does not need to rush into adopting post-quantum signature technology, as digital signatures are not affected by HNDL attacks.Bitcoin faces unique challenges due to its slow governance mechanisms and the potential abandonment of quantum-vulnerable coins, necessitating early planning for migration paths. Privacy chains, which encrypt transaction data, have a more urgent need for post-quantum protection.The report emphasizes that current security implementations and vulnerabilities are more pressing threats than the distant risks posed by quantum computing. It outlines seven specific recommendations to help the industry address quantum challenges.