Dec 7 Sunday
The AI-focused blockchain network is implementing a Bitcoin-style fixed supply model with this milestone event. This halving marks the completion of Bittensor's initial four-year cycle, viewed as a network maturation point.
Several cryptocurrencies experienced significant price movements, with NMR, MOVR and USTC showing declines after earlier gains. Other tokens including UTK, QI, EIGEN and D rebounded from lows with gains ranging from 5.46% to 7.24%.
Over 120,000 traders faced liquidations during this period, with the largest single liquidation order valued at $17.81 million on Hyperliquid's ETH-USD pair. Bitcoin long positions accounted for $41.37 million in liquidations while short positions saw $35.19 million, with Ethereum experiencing even larger losses at $90.56 million for longs and $43.47 million for shorts.
The platform's weekly report indicates strong trading volumes alongside the token burn activity. Since implementing tokenomics changes, Terraport has removed over 7 million TERRA tokens from circulation.
The transaction occurred at 02:30 according to data from Arkham, with the Bitcoin moving from an address beginning with bc1q6077 to another starting with bc1qwd0. The transfer was reported by ChainCatcher, which monitors blockchain activity.
The daily crypto news summary provides updates on trends and events affecting various cryptocurrency sectors. It focuses on developments in Bitcoin pricing, blockchain technology, decentralized finance, non-fungible tokens, Web3 innovations, and regulatory changes.
Data from Coinglass indicates that Bitcoin's price movements near key levels could result in significant liquidation events across major centralized exchanges. Conversely, if BTC surpasses $95,300, short position liquidations could reach $409 million.
The transfer occurred at 02:03 according to Arkham data, with the tokens moving to an address beginning with 0xd4Bb. The transaction was reported by ChainCatcher, which monitors blockchain activity.
The staking program runs for 30 days and offers 7,500 FOLKS rewards on Kaizen and 2,500 on KuCoin, both with specific participation caps. Users can stake their FOLKS tokens to earn the advertised annual percentage rate during this limited-time promotion.
The cryptocurrency reached this price level according to HTX market data on December 8th. The recovery follows recent market fluctuations in the digital asset sector.
The cryptocurrency reached a new milestone by exceeding the $90,000 threshold in recent trading. Its current price represents a modest daily increase as market activity continues.
The statement was made by Treasury Secretary Besant on December 8th, as reported by BlockBeats. The projection indicates continued economic expansion for the United States in the current year.
The Bitcoin transaction originated from an anonymous address starting with bc1q36q and was first sent to another anonymous address beginning with bc1qtg. A small portion of 0.0044 BTC was subsequently transferred from this second address to the Kraken cryptocurrency exchange.
Data from Coinglass reveals the current funding rates on major exchanges, with Binance at 0.0053%, OKX at 0.0022%, and Bybit at 0.0023%. These figures provide insight into market sentiment and leverage positions across different trading platforms.
Ethereum has shown price resilience despite significant selling by large holders, with market analysts pointing to Asian trading patterns as a contributing factor. The premium for Ethereum in Asian markets has shifted, creating different supply-demand dynamics compared to other regions.
Bitcoin experienced a sharp decline toward the weekly close, with prices approaching $87,000. The drop occurred as investors awaited the Federal Reserve's upcoming interest-rate decision.
The strategy document prioritizes artificial intelligence, biotechnology, and quantum computing as critical technologies. No specific mention was made of cryptocurrency or blockchain in the national security context.
VeChain co-founder Sunny Lu states that crypto has reinvented middlemen rather than eliminating them. He calls for those wanting to improve the world through crypto to identify and oppose what he describes as short-sighted and selfish greed.
The trader closed his Ethereum long position when ETH dropped to $2,900, resulting in significant losses. He then opened a new long position worth $6.18 million, but his account balance subsequently fell sharply to $227,000 after briefly recovering.
Multiple cryptocurrencies experienced significant price drops, with PORTO falling over 18% and RONIN showing a pattern of sharp rises followed by declines. Several other tokens including THE, BIO, RARE, and RONIN also recorded substantial losses, with some hitting new daily lows.
Data from Coinglass indicates that a drop below $85,376 for Bitcoin would result in approximately $980 million in long position liquidations across major centralized exchanges. These potential liquidation levels highlight significant market volatility and risk exposure at specific price thresholds.
Multiple cryptocurrency token unlocks are scheduled throughout the week, including significant releases for MOVE, BMEX, MOCA, IO, BMT, APT, W, and PUFFER tokens. The week also features key economic indicators such as the New York Fed's 1-year inflation expectations and 10-year Treasury auction results.
According to K33 Research, market fear is currently outweighing fundamental factors as Bitcoin approaches key technical levels. The firm indicates December could present an entry opportunity for investors willing to take calculated risks.
The platform is now accessible at dex.orderly.network, providing users with decentralized trading capabilities for perpetual contracts. This launch represents Orderly Network's formal expansion into the growing decentralized finance derivatives sector.
Long positions accounted for $66.64 million of the total liquidations, while short positions made up $47.30 million. Bitcoin and Ethereum saw significant liquidation activity, with 87,961 traders affected globally during this period.
According to HTX market data, Bitcoin's price dropped below the $89,000 threshold on December 7. The cryptocurrency experienced a decline of 0.88% within a 24-hour period.
Glassnode's weekly report notes similarities between current market conditions and early stages of the 2022 crypto winter, with ETF demand weakening and IBIT experiencing its longest streak of outflows since January 2024. Derivatives data shows declining open interest and more balanced market conditions, while options market sentiment shifted from put option dominance to call option interest as Bitcoin prices stabilized.
Whales on the Hyperliquid platform currently hold $1.96 billion in long positions and $2.27 billion in short positions, with long positions showing $166 million in unrealized losses while short positions have $286 million in unrealized gains. One specific whale address 0x9eec..ab holds a 15x leveraged long ETH position at $3,201.03 with $8.07 million in unrealized losses.
The data provider noted in its weekly newsletter that bitcoin supply in loss is increasing while spot demand weakens. Derivatives positioning also shows caution among market participants amid these concerning indicators.
Crypto influencer Ansem shared his intuitive belief that Bitcoin may reach the $80,000 price level this month. The prediction was made in a social media post on December 7th.
Dogecoin's active addresses increased to 71,589, marking the highest level since September. The cryptocurrency's price has remained range-bound despite this surge in network engagement.
The company acquired 22 BTC in November, bringing its total Bitcoin holdings to 380 BTC. This move reflects the ongoing trend of institutional adoption of Bitcoin.
The fund will provide systematic support including funding, technology, and operations to teams with business models, covering the entire project lifecycle. It aims to accelerate blockchain technology adoption and help crypto entrepreneurs overcome bottlenecks while advancing the JuChain ecosystem.
Data from Coinglass shows that Binance accounted for the majority of the outflow, with 1,972.45 ETH leaving the platform. The figures were reported by BlockBeats on December 7th.
Today's cryptocurrency coverage includes analysis of Bitcoin price movements and developments across blockchain technology. The report also examines DeFi, NFT markets, Web3 innovations, and regulatory updates affecting the digital asset space.
Multiple cryptocurrency tokens are scheduled for substantial token unlocks in the coming week. The APT token unlock represents the largest individual release, with approximately $19.3 million worth of tokens becoming available.
Two large SOL transfers totaling 67,918.24 tokens were sent to Coinbase from stake accounts around 19:56, according to Arkham data. The transfers consisted of 20,369.57 SOL worth $2.69 million and 47,548.67 SOL worth $6.29 million.
The price surge was reported by GMGN market data on December 7th. The token operates on the Solana blockchain as part of the meme cryptocurrency category.
The cryptocurrency's strong performance is attributed to favorable supply dynamics and increased investor interest. Bitcoin Cash has outperformed all other major layer-1 blockchain networks this year.
The prediction market platform Polymarket shows an 85% probability that Stable token's fully diluted valuation will surpass $20 billion following its mainnet launch on December 8. The probability of exceeding $40 billion is currently reported at 18% according to the platform's data.
Only four layer-1 tokens have shown positive performance this year, with BCH's gains potentially attributed to its fully circulating supply and speculation about ETF potential. The token's relatively stable liquidity and volatility compared to other cryptocurrencies may also contribute to its strength.
The Altcoin Season Index has averaged 25 over the past week, significantly lower than its peak of 78 recorded on September 20. The metric tracks whether the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin over a 90-day period.
Market analysts observe potential bottom formation in altcoins while Bitcoin maintains a stable trading range. This pattern has sparked discussions about possible capital rotation from Bitcoin to alternative cryptocurrencies.
Data from Coinglass indicates that if Bitcoin surpasses $93,548, short position liquidations on major centralized exchanges could reach $985 million. Conversely, a drop below $85,364 could lead to long position liquidations of approximately $930 million.
The amount of Ethereum held on centralized exchanges has fallen to its lowest level since 2015. This reduction in available supply could lead to increased price volatility as market liquidity decreases.
The Obscura hardfork has been successfully activated on the Beldex network, implementing various technical improvements. Detailed information about the specific upgrades is available in the official announcement.
The cryptocurrency exchange has enabled RWUSD as collateral for futures margin positions, providing annual percentage returns derived from ecosystem income and real-world asset exposure. This functionality is currently available on the web platform and will be progressively implemented on the mobile application.
Onchain Lens monitoring detected the transaction on December 7th, revealing the wallet's recent creation and leveraged trading activity on the HyperLiquid platform. The move represents a significant leveraged position taken on the HYPE cryptocurrency using stablecoin collateral.
The U.S. Securities and Exchange Commission will hold a roundtable on December 15th discussing cryptocurrency, financial surveillance, and privacy, with Zcash founder Zooko Wilcox among participants. The meeting may determine whether zero-knowledge proofs can meet compliance obligations, potentially influencing rules for broker-dealers and custodians, or lead to continued surveillance-focused frameworks if consensus isn't reached.
The prediction market also shows a 10% probability for Bitcoin reaching $110,000 and a 37% chance of falling below $80,000. These forecasts are based on current trading data from the decentralized platform.
According to Defillama data, Pump.fun generated $1.09 million in revenue over the past 24 hours, exceeding Hyperliquid's $896,000. The top revenue generators were Tether with $23.65 million and Circle with $8.15 million during the same period.
The Worldcoin team executed a significant transfer of WLD tokens valued at $25.6 million, raising questions about potential selling pressure. Market participants are closely monitoring whether the token's price can maintain support around the $0.55 level.
The lending protocol has addressed community concerns about potential systemic risks spreading through the Solana decentralized finance ecosystem. Jupiter Lend emphasized its platform's safeguards and limited exposure to maintain user confidence.
YGG, SCR, and TOWNS all showed pullback patterns with declines of 5.04%, 7.37%, and 5.22% respectively. GIGGLE stood out with a 5.27% gain and reached its 24-hour high, while GLMR fell 3.18% in five minutes.
Strategy CEO Phong Le stated the company will continue issuing equity and debt to raise funds above net asset value for Bitcoin purchases during market declines. The company established a $1.44 billion dividend reserve fund in just eight and a half days to counter market rumors about dividend payment capabilities.
BPCE will enable millions of its banking customers to directly purchase and sell Bitcoin, Ethereum, Solana, and USD Coin through its mobile applications. The service will be integrated within the bank's existing digital platforms rather than requiring separate accounts.
The company maintains sufficient dollar reserves to continue operations for over a year and nine months. This financial position allows the firm to avoid liquidating its Bitcoin holdings during this period.
Phong Le explained the correlation between $MSTR stock and Bitcoin prices during a CNBC interview, addressing how dollar reserves mitigate market FUD and volatility. Investors responded positively to the transparent communication about long-term strategic planning.
The exchange's latest snapshot reveals Bitcoin holdings increased by 4% to 617,620 BTC while Ethereum and Tether holdings decreased slightly. The data covers user assets as of December 1st compared to the previous month's figures.
Analyst TXMC observes that Bitcoin's liveliness indicator continues to rise despite price declines, indicating underlying spot demand support. The metric measures cumulative on-chain spending versus holding behavior and typically increases during bull markets as supply changes hands at higher price levels.
Data from Coinglass shows Binance experienced significant capital movement with $514 million in USDT leaving the exchange. The outflow represents one of the largest single-day movements for the cryptocurrency platform recently.
The Coinbase Bitcoin Premium Index has maintained a positive premium of 0.0278% for five consecutive days as of December 7. This index measures the price difference of Bitcoin on Coinbase compared to the global average and serves as an indicator of U.S. market capital flows and institutional investment sentiment.
The service allows clients to trade cryptocurrencies through independent digital asset accounts managed by Hexarq, with a monthly fee of €2.99 and 1.5% transaction commission. BPCE plans to expand from 2 million to 12 million retail clients by 2026, implementing the service in phases to monitor adoption and system performance.
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Long positions accounted for $56.76 million of the total liquidations, while short positions made up $55.89 million. Bitcoin and Ethereum saw significant liquidation activity, with 98,435 traders affected globally during this period.
Binance has released updated proof of reserves data for December, showing wallet balances of 630,677.19 BTC and 37,446,672,411.804 USDT. The exchange also reported 100% ETH reserves with 4,041,415.554 ETH and 112.32% BNB reserves with 44,278,972.355 BNB in its wallets.
Ethereum holdings on centralized exchanges have dropped to just 8.7% of circulating supply, the lowest level since the network's 2015 launch, with a 43% decline since July. Analysts note significant ETH is locked in staking, Layer2 activities, and institutional vaults, creating supply conditions that could drive price appreciation when market sentiment shifts.
Binance has acknowledged community reports about a potential insider trading incident involving a meme coin launch. The exchange stated it has zero tolerance for corruption and will update the community once its internal investigation is complete.
The investment firm is moving the cryptocurrency holdings to meet regulatory requirements for its planned public listing. This transfer represents a significant shift in asset management strategy ahead of the company's market debut.
A crypto influencer reported that Binance Futures' official X account posted a tweet about a new coin at 13:30, while on-chain data shows the coin launched at 13:29, suggesting possible insider trading. Binance Customer Support has acknowledged the feedback and is conducting an internal review, stating they have zero tolerance for any corruption related to listings.
Data from Coinglass shows the current funding rates vary among major exchanges, with Binance at 0.0017%, OKX at 0.0007%, and Bybit at -0.0012%. This information was reported by ChainCatcher.
Two wallets associated with Casascius physical bitcoins moved approximately 2,000 BTC that had been inactive since 2011 and 2012, when Bitcoin was valued under $15 compared to current prices near $90,000. The purpose of the transfer remains unclear, with possibilities including sale, internal reorganization, or preventive measures to preserve access, potentially related to physical component degradation.
The Solana Foundation president has called for lending protocols to cease internal conflicts and instead concentrate on expanding the overall market. This appeal emphasizes collaboration over competition to foster broader adoption of decentralized finance on the Solana blockchain.
Whales on the Hyperliquid platform currently hold $1.96 billion in long positions and $2.27 billion in short positions, with long positions showing unrealized losses of $160 million while short positions have gained $280 million. One specific whale address executed a 15x leveraged long position on ETH at $3,201.03, now facing $8.66 million in unrealized losses.
The Ethereum long position held by Machi's address is currently at a floating loss of $164,000, following a period where it had accumulated over $1.6 million in floating profit. The position involves 7,925 ETH with 25x leverage, opened at $3,057.48 and facing liquidation at $2,990.67.