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BlockBeats News, December 8, Jupiter officially announced on social media at 23:40 Beijing time today that the launch of the public sale round of HumidiFi (WET) has started, and the allocation was once again sold out instantly.It is worth noting that due to the fact that the allocation of the previous public sale round was snatched up by "bots" within 1 second, Jupiter decided to restart the public sale this Monday, originally scheduled for 23:00 Beijing time tonight, but was postponed 3 times. Jupiter DTF briefly showed that this public sale was postponed to 0:00 on December 9, but eventually "reverted."Currently, Jupiter's latest tweet still states that the public sale round of HumidiFi (WET) will start at 0:00 on December 9, while Jupiter DTF indicates that the public sale has ended (no longer showing a countdown to the public sale round).

BlockBeats News, December 8th. In its latest report, Bitfinex stated that Bitcoin is entering a phase where spot demand is weak and a sustained structural malaise is intertwined, showing signs of stabilization in the market but far from a healthy recovery. Despite a rebound from recent lows, BTC is still range-bound between $84,000 and $91,000, while the S&P 500 Index nears historical highs, highlighting Bitcoin's growing relative weakness and deepening decoupling from traditional risk assets. On-chain data shows that currently over 7 million BTC are in an unrealized loss state, similar to the situation during the consolidation phase at the beginning of 2022, further indicating the market's struggle to recover to the "true market value" — a key boundary separating a soft mid-cycle from a full-blown bear market deterioration.However, capital inflows continue to remain mildly positive, providing a weak cushion against further downside. Meanwhile, spot demand has significantly deteriorated: the U.S. Bitcoin ETF continues to see outflows, with a sharp decline in active buying interest, and the delta of cumulative trading volume on major exchanges has clearly turned negative, indicating traders are selling at highs rather than accumulating chips.

BlockBeats News, December 8, according to Jupiter DTF data, its HumidiFi (WET) public sale round has been postponed again (for the third time) by 30 minutes, to start at 12:00 AM on December 9 (Beijing time).It is reported that due to the previous round of public sale being instantly snatched up by "bots" within 1 second, Jupiter has decided to restart the public sale this Monday, initially scheduled for 11:00 PM tonight (Beijing time), and has since been briefly delayed twice.

BlockBeats News, December 8th, according to Hyperinsight monitoring, the "1011 Insider Whale" has just reduced its ETH long position, currently reducing 4,513 ETH, still holding a 50,001 ETH long position, worth approximately $155 million, currently with an unrealized profit of $3.3 million (+10.18%).

BlockBeats News, December 8th. According to Coindesk, Tether-backed mobile payment app Oobit has announced a partnership with Bakkt and will officially launch in the United States on Monday, December 9th. The "tap to pay" solution integrates with non-custodial wallets such as Base, Binance, MetaMask, Phantom, and Trust Wallet, allowing users to directly spend cryptocurrency via iOS and Android devices. Merchants will receive real-time fiat settlements through the existing Visa payment network.

BlockBeats News, December 8th: Pye Finance has completed a $5 million seed round of financing, led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent, Gemini, and other companies.This startup is building an on-chain marketplace on Solana for time-locked staking positions, aiming to make locked equity transferable and easier to build into term-based products.

BlockBeats News, December 8, Wall Street institution Bernstein pointed out in its latest analysis report: "Given the recent market correction, we believe that the Bitcoin cycle has broken the four-year pattern (i.e., peaking every four years) and is currently entering an elongated bull market cycle, with more sticky institutional buying offsetting any retail panic selling. Despite Bitcoin's retracement of about 30%, we observe that less than 5% of the outflows are through ETFs. Therefore, we have adjusted our Bitcoin target price for the end of 2026 to $150,000 and expect the peak of this cycle to potentially reach $200,000 in 2027. Our long-term (until 2033) price target for Bitcoin remains at around $1,000,000."

BlockBeats News, December 8th, according to market data, at the opening of the US stock market, the Dow Jones Industrial Average fell by 0.06%, the S&P 500 Index rose by 0.09%, and the Nasdaq rose by 0.32%. Cryptocurrency-related stocks saw a general rise, including:Coinbase (COIN) up 1.52%Circle (CRCL) up 1.72%MicroStrategy (MSTR) up 2.61%Bullish (BLSH) up 1.57%Bitmine (BMNR) up 4.9%SharkLink Gaming (SBET) up 4.34%BTCS (BTCS) up 1.65%BNB Network Company (BNC) down 1.47%ALT5 Sigma (ALTS) down 0.7%American Bitcoin (ABTC) up 1.79%

BlockBeats News, December 8th, according to official sources, Intercont (Cayman) Limited (Nasdaq: NCT) announced that it has signed a letter of intent for acquisition with Singapore Web3 technology company Starks Network Ltd, acquiring less than 50% of its minority shares, and jointly promoting the development of the zCloak Network project, formally advancing towards on-chain digital asset infrastructure layout.The zCloak Network is known for its AI digital identity, enterprise-grade self-custody wallet, stablecoin payment, and AI encryption payment technology, and has received investments from top institutions such as Coinbase Ventures. The two parties will collaborate to apply Web3 technology to the digital transformation of payments and business processes in shipping trade, accelerating industry intelligence upgrading.NCT and Starks stated that this acquisition is an important step to drive the group's long-term strategy and explore cross-industry layout. The two parties will jointly promote the landing of enterprise-grade Web3 technology in the global shipping and trade sector.

BlockBeats News, December 8th, according to The Wall Street Journal, Hyperliquid Strategies Inc (Nasdaq: PURR) announced today that its board of directors has authorized a share buyback plan of up to $30 million to repurchase the company's outstanding common stock (par value $0.01 per share). The share buyback plan is valid for 12 months.David Shamis, the company's CEO, stated: "We are committed to creating maximum value for shareholders through prudent capital management. Our primary goal is to allow investors to efficiently invest in HYPE—the flagship token of the Hyperliquid ecosystem. We will use the company's cash to enhance the HYPE exposure per share of our shareholders in the most efficient manner."The repurchased shares will be made through open market transactions at market prices, through private agreements, or otherwise in accordance with federal securities laws. The specific timing, quantity, and amount of share repurchases under the buyback plan will be determined at the discretion of management and will depend on various factors, including the market price of HSI common stock, overall market and economic conditions, and applicable legal requirements. The company cannot guarantee the final number of shares to be repurchased, and the buyback plan may be extended, suspended, or terminated at any time at the company's discretion without further notice.