December 10, 2025 Cryptocurrency Daily Briefing Highlights:
1. Federal Reserve's interest rate cut decision impacts the cryptocurrency market direction: Today's market expectation for a 25 basis point rate cut by the Federal Reserve is 89%, but after 7 FOMC meetings this year, Bitcoin has only risen once, and the market should be wary of the risk of a decline following the favorable decision.
2. BTC fluctuating in the $90,000 range: Currently, Bitcoin is fluctuating near this price level, with the market showing a fragile structure of high leverage and low liquidity. As the year-end liquidity dries up, large capital inflows and outflows can easily trigger severe price fluctuations and a chain reaction of liquidations.
3. CFTC pilot program sparks heated discussion on compliance for crypto assets: On December 8, the CFTC launched a pilot program allowing BTC, ETH, and USDC to be used as collateral for derivatives trading. Institutions are required to disclose their positions weekly and isolate client crypto assets, which promotes the integration of crypto assets into traditional finance.
4. Ethereum SAKA upgrade dividends continue: The upgrade completed on December 4 has reduced layer 2 transaction fees by 30% to 50% and increased blob data capacity, continuously attracting developers and investors and providing support for ecosystem activity.
5. Institutions continue to accumulate BTC, releasing positive signals: Michael Saylor's Strategy company has recently made a large-scale accumulation of Bitcoin, and the ongoing entry of institutions supports Bitcoin's long-term value and injects confidence into the market. #加密市场反弹 $SOL #美联储重启降息步伐 $XRP #加密市场观察 $BNB #ETH走势分析
Recently, many major cryptocurrency exchanges have concentrated on delisting a number of tokens and related trading pairs, covering various types such as spot and futures. Below is the key delisting information for November to December:
Binance: On December 3, it was announced that FIS, REI, and VOXEL tokens will be delisted on December 17; on December 3, it was announced that 15 spot trading pairs including ACH/BTC and QTUM/BTC will be delisted on December 5; on December 1, it was announced that 4 perpetual contracts including SXPUSDT and MILKUSDT will be delisted on December 5; additionally, there are plans to delist a large number of leveraged trading pairs linked to FDUSD on December 11, such as PENGU, FLOKI, ORDI!!!
1. The investigation results of the Binance employee insider trading incident have been released, sparking heated discussions within the community. The official announcement from Binance confirms that an employee is suspected of using their position to issue tokens ahead of posting content related to Meme coins on the official Twitter, which involves insider trading. The employee has been immediately suspended and will cooperate with judicial authorities to pursue legal responsibility. The platform promises zero tolerance and rewards whistleblowers a total of $100,000 (for valid reports submitted through official channels). After this incident was exposed, related Meme coins, such as $DOYR, surged by 108 times at one point, but the community questions the platform's internal controls and calls for increased transparency. On platform X, users are expressing that "Binance's integrity crisis has become a warning bell for the industry," and some retail investors are calling for a boycott of insider trading.
III. Market Summary Extreme short-term fear + leverage liquidation, yet institutions are quietly accumulating. The Federal Reserve's interest rate cut and the U.S. Bitcoin Reserve bill are the biggest variables in December. Don't be fully invested, cash is king, prepare to capitalize. DYOR, see you tomorrow!!!
The probability of the Federal Reserve cutting interest rates in December has soared to over 90% in market pricing, with prediction platforms like Polymarket showing extremely high expectations for a rate cut. Recently, the core PCE data in the United States was below expectations, reinforcing easing expectations, but liquidity remains tight, and bank reserves have not improved significantly. BTC briefly fell below $90,000 this week, reaching a low of $88,000, as the market has already priced in the benefits of a rate cut, and short-term sentiment has weakened.
Core events in the cryptocurrency market on December 6, 2025, covering multiple dimensions such as market trends, institutional actions, and industry dynamics:
1. Over 130,000 people liquidated across the network as Bitcoin falls below $90,000: The cryptocurrency market has significantly declined, with Bitcoin's price dropping to approximately $89,689, a 24-hour drop of 3.09%; more than 130,000 people were liquidated within 24 hours across the network, with a total liquidation amount reaching $418 million, of which the long position liquidation amount was $349 million. The market decline is related to profit-taking triggered by concerns over the Federal Reserve's interest rate cuts and the liquidation of Bitcoin long positions. 2. Grayscale submits SUI spot ETF registration statement: Grayscale has officially submitted a Form S-1 registration statement for the SUI spot ETF to the U.S. SEC, marking another important layout in the cryptocurrency ETF sector, which may impact the future market performance of the SUI cryptocurrency. 3. Bitcoin whale address awakens after 14 years: According to Lookonchain monitoring, a whale address starting with 1Au1uZ has awakened after 14 years of silence and transferred 1,000 Bitcoins to a new wallet 6 hours ago, an action that may attract market attention regarding large Bitcoin circulation. 4. Some altcoins surge against the trend: Despite most mainstream coins declining, some altcoins performed remarkably well. Among them, LUNC had a 24-hour increase of 70%, LUNA increased by 35%, and ACE rose by 23%, becoming the top three in the daily increase; while SXP, BAT, and other cryptocurrencies saw declines of up to 17%, showing a clear polarization. 5. SEC updates agenda for cryptocurrency-related roundtable meeting: The U.S. Securities and Exchange Commission updated the agenda for a roundtable meeting on December 15 concerning cryptocurrencies, financial monitoring, and privacy, with leaders from the cryptocurrency and blockchain sectors, including Zcash founder Zooko Wilcox, attending the meeting, which may involve key discussions on cryptocurrency regulation.
6. Altcoins face a mixed fate: LUNC surged 80% in a single day, but net inflows of ETF funds for coins like SOL have decoupled from coin price declines, with a drop of over 20%; seven associations in China jointly issued a risk reminder, prohibiting financial institutions from providing services related to virtual currencies, with regulation continuing to intensify. Institutional disagreements have intensified, with BlackRock bearish on altcoins, while Vanguard has opened Bitcoin ETF trading, necessitating strict position control and setting stop-loss limits amid market volatility.
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I. Market Overview Total Market Cap: $3.23 trillion (-1.57%) BTC: $92,523 (-1.48%, Dominance 57.11%) ETH: $3,184 (-1.14%) Fear and Greed Index: 28 (Fear Zone) 24h Trading Volume: $162 billion Options Expiration: $3.4 billion BTC Highlights: PayFi/DeFi leading decline (-4%), Zcash +10%, Merlin Chain +10%
II. Key Events 1. CFTC Regulatory Breakthrough: Bitnomial approved as the first CFTC-regulated spot crypto exchange, supporting XRP/BTC spot, futures, and options trading; XRP can be used as collateral. XRP Price: $2.08 (-4.33%), Velocity indicator surged to 0.0324 (yearly high).
2. ETF Fund Divergence: BTC ETF net outflow of $14.9 million (IBIT +$42.2 million, ARKB -$37.1 million); ETH ETF net inflow of $140.2 million (ETHA +$53 million). Total outflow of BTC ETF in November: $3.5 billion.
3. Ripple Expansion: Invested nearly $4 billion to acquire GTreasury/Rail, building a global payment ecosystem; RLUSD stablecoin in progress.
7. China Tokenized Bonds: Huaxia Financial Leasing issues bonds using blockchain + digital yuan, accelerating CBDC assetization.
8. Macroeconomic Warning: IMF warns that stablecoin risks undermine central bank control; Federal Reserve December rate cut probability 87%, 2026 target 3.25-3.5%. US Treasury debt exceeds $30 trillion.
III. Data Insights Whale Movements: Suspected Bitmine wallet purchased $130.8 million ETH; Shark wallets (1K-10K ETH) accumulating, pushing ETH to $3,215.
November Review: BTC down 36% (ATH 126K→80K), historically normal volatility; December average increase of 9.7%.
Events: 12/5 2 PM UTC airdrop claim; 5 PM UTC DeSci AMA .
December 4, 2025 Crypto Circle Express (Real-Time Update)
Top 3 Major Events
1. Bybit suffers the largest attack in history: 1.46 billion USD lost from offline ETH wallet, transferred and sold, ETH plummeted by 10%. Bybit CEO reassures during live stream, applies for loan to cover losses.
2. China accuses the US of stealing 13 billion BTC: cybersecurity report claims the US stole Bitcoin, US-China tensions escalate, geopolitical risks heighten volatility.
3. The Federal Reserve ends QT, a new cycle begins: on December 1, total assets expressed at 6.57 trillion, the four-year cycle theory is “dead”, BTC pricing shifts to macro liquidity, altcoin ETFs accelerate (SOL/XRP dominate).
4. ETF Update: BTC spot ETF halts high leverage approvals, Grayscale: BTC may have bottomed, 70% chance of new highs next year.
5. Regulation: US lawmakers push for stablecoin regulations before July 2026; the EU includes crypto exchanges in sanctions against Russia for the first time.
6. Institutions: CME launches BTC volatility index, BTC/gold ratio may fall by 13 times, price exploring 50,000 USD.
7. Outlook: Geopolitical bearishness dominates, liquidity benefits building up. In the midst of fluctuations, pay attention to ETF and Federal Reserve signals. Invest cautiously.
December 3rd Crypto Circle Quick Report Latest News (Real-time Updates)
1. BTC has reached $91,380 (+6%), ETH $3,020 (+7%), total market value has returned to $3.1T
2. Vanguard (11 trillion dollars) officially opens: 50 million customers can directly buy BTC/ETH/SOL/XRP spot ETF
3. Federal Reserve 12.18 rate cut probability 91% (CME+Polymarket locked in)
4. MicroStrategy bought another 130 coins last night, total holdings of 650,000 coins, floating profit of 8 billion dollars
5. Grayscale LINK spot ETF surged to absorb 37 million dollars this morning, LINK +9%
6. Upbit was hacked for 36 million dollars in the early morning (has been frozen), the market directly ignored and continued to pull up
Summary: All leverage has exploded, 11 trillion regular troops have come in. December is not the end, it's the take-off. Close your eyes and go for it, don't blink.