Cryptocurrency Circle Early Insights December 10

- Wall Street expects a tightening of liquidity at the end of the year, and the Federal Reserve may signal a rebuilding of liquidity at this week's meeting. The market is generally focused on whether it will resume purchasing securities to alleviate the pressure from declining reserves.

- The Japanese Financial Services Agency has made it clear that it will not relax the overseas cryptocurrency ETF linked to CFDs until it approves a cryptocurrency ETF, as regulators deem the risk disclosure insufficient, prompting IG Securities to actively delist related products.

- Standard Chartered Bank assesses that the Bitcoin halving cycle every four years is no longer applicable, as the influx of institutional funds is causing a significant deviation in market rhythm from traditional models.

Now, let's take a look at market hotspots:

- Yesterday, the net outflow of Bitcoin spot ETFs in the U.S. was $60.4 million, while the net inflow of Ethereum spot ETFs was $35.5 million. The fear and greed index yesterday was 25!

- Bitwise CIO predicts that the cryptocurrency market cap may grow to 10–20 times its current size in the next decade, with index funds seen as a core allocation method to cover long-term industry expansion.

- International spot silver has first broken through $60/oz, with strong intraday gains, and has risen more than 108% year-to-date.

Finally, let's look at industry dynamics:

- Circle has obtained a financial services license from the Abu Dhabi Global Market and will enter the local market as a currency service provider, with a former Visa executive taking over the Middle East and Africa business layout.

- Members of the Johor royal family in Malaysia have launched the Malaysian ringgit stablecoin RMJDT, aiming to build local cryptocurrency payment infrastructure.

Today's summary:

A big bullish candle, a thousand troops come to meet, after more than a week of volatility, the market's buying interest has clearly rebounded. After likely breaking $100,000 within two days, the market has weakened again, so everyone pay attention to position management!

I am the host Mark, this is "Cryptocurrency Circle Early Insights", see you tomorrow!