Binance News

According to PANews, Michael Saylor, founder and executive chairman of Strategy, is advocating for the development of digital banking systems backed by Bitcoin. Speaking at the Bitcoin MENA event in Abu Dhabi, Saylor proposed that governments could create regulated digital bank accounts using over-collateralized Bitcoin reserves and tokenized credit instruments. These accounts would offer higher yields and lower volatility, potentially attracting trillions of dollars in deposits.

Saylor highlighted the low returns on bank deposits in Japan, Europe, and Switzerland, noting that euro money market funds yield around 150 basis points, while U.S. money market rates approach 400 basis points. This has led investors to turn to corporate bond markets. He outlined a structure where digital credit instruments would comprise about 80% of the fund, paired with 20% fiat currency, and include a 10% reserve buffer to reduce volatility. If offered through regulated banks, depositors could invest billions to achieve higher returns.

Saylor emphasized that such accounts would be supported by digital credit with a 5:1 over-collateralization held by a financial entity. He suggested that countries offering these accounts could attract capital inflows of "$20 trillion or $50 trillion."

According to Cointelegraph, Do Kwon, co-founder of Terraform Labs, is set to be sentenced on Thursday after pleading guilty to two felony counts in the United States. A U.S. federal judge is inquiring about Kwon's legal issues in South Korea and Montenegro, where he has faced separate charges. In a recent filing with the U.S. District Court for the Southern District of New York, Judge Paul Engelmayer sought information from Kwon's legal team and U.S. prosecutors regarding the potential sentences Kwon could face in South Korea. Kwon is expected to be extradited to South Korea after serving any prison time in the U.S. He pleaded guilty to wire fraud and conspiracy to defraud in August, with sentencing scheduled for Thursday.

Judge Engelmayer also questioned whether Kwon's time in custody in Montenegro, where he served a four-month sentence for using falsified travel documents, would count towards any U.S. sentence. Kwon had resisted extradition to the U.S. for over a year. The judge's inquiries suggest concerns about the possibility of Kwon being released early if extradited to South Korea to serve the remainder of his sentence. Kwon was a significant figure in the crypto industry in 2022 before the Terra ecosystem's collapse, which contributed to a market downturn and substantial investor losses. Defense attorneys have requested a maximum five-year sentence in the U.S., while prosecutors are advocating for at least 12 years. The U.S. government's sentencing recommendation highlighted the extensive losses caused by Kwon, surpassing those attributed to other notable figures in the crypto industry.

Kwon's legal team indicated that even if sentenced to time served by Judge Engelmayer, Kwon would likely face pretrial detention in South Korea, where he could be sentenced to up to 40 years. Thursday's hearing may signal the conclusion of Kwon's involvement in the 2022 Terraform collapse. His location during the crypto market downturn remained unknown until his arrest in Montenegro, where he awaited extradition to the U.S. South Korean authorities issued an arrest warrant for Kwon in 2022 but have not detained him since the Terra ecosystem's collapse. They have sought his extradition from Montenegro alongside the U.S., pursuing related cases against other individuals connected to Terraform.

According to Cointelegraph, the United Kingdom's Financial Conduct Authority (FCA) has unveiled new proposals aimed at enhancing the country's investment culture, seeking input from the cryptocurrency sector. The FCA released discussion and consultation papers on Monday, inviting crypto firms to provide feedback on initiatives designed to broaden consumer access to investments and revise rules concerning client categorization and conflicts of interest.

The discussion paper highlighted that a significant portion of underperformance in high digital engagement practices apps could be linked to trading in cryptoassets and contracts for difference. The proposal underscored potential risks for consumers using cryptoasset proxies without investment limits, warnings, or appropriateness tests. In its consultation paper, the FCA suggested that a personal investment history primarily in speculative high-risk or leveraged products or crypto assets does not typically indicate professional capability unless there is substantial evidence that the client meets the professional client threshold through other relevant factors, including the client's ability to bear potential losses.

The proposed changes aim to streamline the FCA's existing guidelines, forming part of a strategy to potentially eliminate some arbitrary tests and grant firms more responsibility to ensure compliance. Companies advising clients on or selling digital assets are encouraged to respond to the recommendations by February and March.

The UK has emerged as a pivotal hub for crypto companies operating outside the United States. This development comes amid a shift in regulatory and enforcement approaches under U.S. President Donald Trump, which many industry leaders previously viewed as an uncertain regulatory environment. In December, the UK government enacted legislation recognizing digital assets as property, thereby enhancing clarity on cryptocurrencies like Bitcoin (BTC) in scenarios such as the recovery of stolen goods or insolvency. As the market continues to grow in the UK, the government is reportedly contemplating a ban on crypto donations to political parties.

On Dec 08, 2025, 18:58 PM(UTC). According to Binance Market Data, BNB has dropped below 890 USDT and is now trading at 889.97998 USDT, with a narrowed 1.30% decrease in 24 hours.

According to ChainCatcher, data from Coinglass indicates that if Bitcoin surpasses $94,515, the cumulative short liquidation intensity on major centralized exchanges (CEX) will reach $1.817 billion. Conversely, if Bitcoin falls below $85,587, the cumulative long liquidation intensity on these exchanges will amount to $1.332 billion.

According to ChainCatcher, Arkham data reveals that at 23:50, a total of 17,000 SOL was transferred from Fireblocks Custody to an anonymous address beginning with 7VqNJUXp. Subsequently, this address moved the 17,000 SOL to another anonymous address starting with 4WgJTGdE.

According to ChainCatcher, the New York Federal Reserve's one-year inflation expectation for November in the United States has increased to 3.2%, up from the previous value of 3.24%.

According to BlockBeats, the U.S. Labor Bureau has announced that it will not release the Producer Price Index (PPI) data for October. Instead, the relevant data will be included in the November PPI report.

According to BlockBeats, market sources indicate that traders expect the Federal Reserve's cumulative interest rate cuts to be less than 75 basis points by the end of 2026.

According to BlockBeats, Bitfinex's latest report highlights that Bitcoin is experiencing a phase of weak spot demand intertwined with ongoing structural fatigue. Although the market shows signs of stabilization, it remains far from healthy recovery. Bitcoin has rebounded from recent lows but continues to fluctuate within a narrow range of $84,000 to $91,000, contrasting with the S&P 500 index nearing historical highs. This underscores Bitcoin's relative weakness and increasing decoupling from traditional risk assets.

On-chain data reveals that over 7 million BTC are currently in an unrealized loss state, reminiscent of the early 2022 consolidation period. This suggests difficulty in returning to the 'real market mean,' a critical threshold distinguishing mid-cycle weakness from a full-blown bear market deterioration.

Despite these challenges, capital inflows remain moderately positive, providing a slight buffer against further declines. However, spot demand has significantly worsened, with U.S. Bitcoin ETFs consistently recording outflows, a sharp decline in active buying interest, and major trading platforms showing a negative cumulative volume difference. This indicates that traders are selling on rallies rather than accumulating positions.

According to TechFlow, on December 8, a significant Ethereum holder, known as '1011 Insider Whale,' has recently reduced its long position in Ethereum. The whale decreased its holdings by 4,513 ETH, while still maintaining a position of 50,001 ETH. The current unrealized profit from this position stands at $3.4 million. This move was monitored by the on-chain analysis platform Lookonchain.

According to Foresight News, Onchain Lens reports that Circle has issued an additional 500 million USDC on the Solana network. Since October 11, Circle has increased the total issuance of USDC on Solana to 15 billion.

On Dec 08, 2025, 15:26 PM(UTC). According to Binance Market Data, Ethereum has dropped below 3,100 USDT and is now trading at 3,094.719971 USDT, with a narrowed narrowed 4.63% increase in 24 hours.

On Dec 08, 2025, 15:24 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 90,000 USDT and is now trading at 89,945.84375 USDT, with a narrowed narrowed 1.35% increase in 24 hours.

On Dec 08, 2025, 15:24 PM(UTC). According to Binance Market Data, BNB has dropped below 900 USDT and is now trading at 899.51001 USDT, with a narrowed narrowed 2.26% increase in 24 hours.

According to PANews, Russian Deputy Prime Minister Alexander Novak announced that restrictions on the export of gold bars from Russia will take effect in 2026. During a meeting of the Strategic Development and National Projects Committee, Novak stated that measures will be taken to prevent the uncontrolled export of cash rubles from unknown sources within Russia, including to member countries of the Eurasian Economic Union (EAEU). Additionally, the export of Russian gold bars will be prohibited.

According to BlockBeats, data released by Glassnode on social media indicates that since early November, the Ethereum network's daily total payment fees, based on a 90-day moving average, have fallen below 300 ETH per day. This marks the lowest level since July 2017.

On Dec 08, 2025, 14:38 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 91,000 USDT and is now trading at 90,909.007813 USDT, with a narrowed narrowed 3.07% increase in 24 hours.

According to ChainCatcher, data from Arkham indicates that at 22:10, a total of 305.04 BTC was transferred from Jump Crypto to the Fidelity FBTC ETF.

According to ChainCatcher, White House National Economic Council Director Kevin Hassett has criticized the idea of the Federal Reserve prematurely announcing its interest rate path for the next six months, calling it irresponsible. Hassett emphasized that monetary policy should be adjusted flexibly based on economic data. He praised current Chairman Jerome Powell for effectively coordinating internal opinions within the Federal Open Market Committee (FOMC) before meetings and suggested that Powell might agree with the perspective of continuing to lower interest rates.