Bitcoin is regarded as a "savings reservoir" for global excess capital, attracting capital during periods of low interest rates and limited investment opportunities. Long-term holders, ETFs, and others view it as a strategic reserve, resulting in supply-demand asymmetry and creating a "ratchet effect," where each post-correction bottom is higher than the previous one.

The BRICS countries have launched a gold-backed digital trade currency called "Unit," supported by a reserve basket consisting of 40% physical gold and 60% BRICS national currencies. Although it has not yet become official policy, this pilot project is a step toward de-dollarization. Currently, the value of one Unit is approximately 0.9823 grams of gold.

According to Gate News Bot, on December 8, citing CoinMarketCap data, as of press time, XRP (XRP) is trading at $2.07, up 1.36% in 24 hours, reaching a high of $2.22 and a low of $1.99, with a 24-hour trading volume of $3.036 billion. The current market capitalization is approximately $124.616 billion, an increase of $1.677 billion from yesterday. XRP Ledger (XRPL) is a decentralized public blockchain led by a global community of businesses and developers, aimed at solving problems and creating value. XRPL has proven reliability with over 10 years of flawless operation, offering simplified development, low transaction costs, high performance, and sustainability. Developers can confidently build on XRPL, advancing the most critical projects. Recent important news about XRP:

Gate News Bot reports on December 8 that, according to CoinMarketCap data, as of press time, ETH(Ethereum) is trading at $3,109.33, up 2.00% in the past 24 hours, reaching a high of $3,238.56 and a low of $2,720.44, with a 24-hour trading volume of $21.984 billion. The current market capitalization is approximately $375.281 billion, an increase of $7.356 billion compared to yesterday. Ethereum is a leading platform for innovative applications and blockchain networks. It provides the infrastructure for decentralized applications (DApps), supports smart contract development, and has a large developer ecosystem. ETH is the native token of the Ethereum network, used to pay transaction fees and for other network services. Recent important ETH news: 1️⃣ **Exchange ETH holdings

According to Gate News Bot on December 8, citing CoinMarketCap data, as of press time, BTC (Bitcoin) is currently trading at $91,257.58, up 2.08% in 24 hours, having reached a high of $94,060.77 and a low of $83,862.25 in the same period. The 24-hour trading volume reached $49.977 billion. The current market cap is approximately $1.82 trillion, an increase of $37.152 billion compared to yesterday. Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; transaction management and the issuing of bitcoins are carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin, and everyone can participate. Through its unique properties, Bitcoin allows for exciting uses that could not be achieved by any previous payment system.

Farcaster co-founder Dan Romero announced that the project will abandon its social-first strategy and shift to a wallet-centric growth model, emphasizing a transformation of in-app wallet functionality. In the future, the focus will be more on integrating wallets with social features, while maintaining the openness and decentralization of the protocol.

According to Gate News Bot on December 8th, citing CoinMarketCap data, as of press time, MDT (Measurable Data Token) is trading at $0.02, up 12.38% in the past 24 hours, reaching a high of $0.02 and a low of $0.01. The current market capitalization is approximately $12.1 million, an increase of $1.33 million from yesterday. It is currently ranked 947th in global cryptocurrency market capitalization. Measurable Data Token (MDT) is a blockchain-based data exchange platform. Its ecosystem includes the RewardMe app for individual users, allowing users to earn rewards by contributing anonymous data, as well as the Measurable AI product for enterprises, providing real-time, actionable consumer insights. MDT

According to Gate News Bot, on December 8, CoinMarketCap data shows that as of press time, FHE (Mind Network) is currently priced at $0.04, up 140.58% in 24 hours, reaching a high of $0.04 and a low of $0.01. The current market cap is approximately $13.33 million, an increase of $7.74 million compared to yesterday. Mind Network is a decentralized privacy protection infrastructure based on Fully Homomorphic Encryption (FHE) technology, dedicated to building a fully encrypted internet for Web3. The project aims to enable computation, verification, and consensus on encrypted data through FHE technology, thereby ensuring data usability while protecting privacy. The Mind Network ecosystem includes AgenticWorld (an FHE-based AI agent platform), FHE

According to Jinse Finance, on-chain analyst Yujin has monitored that a certain whale went long on 1.38 million HYPE tokens at a price of $38.6 each, with a total value of $41.36 million, and is currently facing an unrealized loss of $12.01 million. The whale's liquidation price is $23.7.

According to Gate News Bot on December 8th, citing CoinMarketCap data, as of press time, GLMR (Moonbeam) is trading at $0.04, up 44.74% in 24 hours, with a high of $0.04 and a low of $0.02. The current market cap is approximately $40 million, an increase of $1.24 million from yesterday. GLMR is currently ranked #499 in global cryptocurrency market capitalization. Moonbeam is a cross-chain smart contract platform that provides entrepreneurs and developers with top-tier tools and support. Through its grant programs and accelerator, Moonbeam helps projects seamlessly scale their business and communities. As an entry point to Web3, Moonbeam simplifies the experience of integrating the metaverse into personal or professional projects, making it fast, simple, and reliable. Recent key GLMR news: 1️

A research report by CICC points out that if Hassett becomes the new Federal Reserve Chair, it is expected to benefit US stocks, while US Treasury yields and the US dollar may experience a dip followed by a rebound. The key period is the first quarter of 2026, when Hassett's dovish statements may lead to a short-term decline in US Treasuries and the dollar, but overall economic recovery will support their rebound.

WisdomTree has launched the WisdomTree Equity Premium Income Digital Fund (EPXC), which combines traditional options strategies with blockchain technology. The fund tracks the performance of a specific index and is aimed at both institutional and retail investors, while also supporting investments from crypto-native users.

Gate News bot message, trading activity on Pumpfun has recorded a continuous decline since late summer, reaching a new low in recent months. Data shows that weekly trading volumes have decreased significantly from their peak of $3.3 billion to $568 million in the most recent week. This decline mark

According to ChainCatcher, on-chain analyst Ai Yi (@ai9684xtpa) has monitored that ETH long positions have increased to 14,227 (over $42.95 million), with an average entry price of $2,965.73. The current unrealized profit is $762,000.

Gate News bot message, a notable Bitcoin OG (10/11) has executed a significant trading move by depositing $10M USDC into HyperLiquid. The trader established a leveraged long position on ETH with 5x multiplication. The transaction details reveal a substantial position of 9,010.4 ETH, equivalent to $

FOLKS broke through 13.692 USDT in the spot market, with an increase of over 69%, reaching a cumulative gain of 227%. Folks Finance is a DeFi platform that offers lending, trading, and other functions. Users can earn returns by depositing assets, providing collateral, and participating in governance.

Gate News bot message, trader Machi (@machibigbrother) experienced a complete liquidation of his Ethereum (ETH) long position with 25x leverage during the recent market decline. Following the liquidation, Machi immediately opened another ETH long position, again using 25x leverage. According to avai

Analyst Vetle Lunde believes that December could be a turning point for the crypto market. Bitcoin's valuation reflects panic sentiment, and the probability of the market rising is greater than that of falling. Recent strong signals have been ignored, and the market is overreacting to long-term risks.

ChainCatcher news, according to the RootData calendar page, next week includes multiple major events such as project updates, macroeconomic news, token unlocks, incentive activities, and presale events. Details are as follows: December 8: Stable will launch its mainnet. December 9: US November New York Fed 1-year inflation expectations will be released. December 10: US 10-year Treasury auction winning yield for December 9 will be announced. December 11: The Federal Reserve FOMC will announce the interest rate decision and summary of economic projections; Federal Reserve Chair Powell will hold a monetary policy press conference. December 12: APT will unlock 10.935 million tokens, valued at $19.5737 million, accounting for 1.486% of the circulating supply;

The latest weekly report from Glassnode points out that the current market conditions are similar to the early stages of the 2022 bear market. ETF demand has weakened, IBIT has experienced six consecutive weeks of outflows, totaling over $2.7 billion. Derivatives data shows a reduced risk appetite in the market, with cautious sentiment in the options market and investors more inclined to sell.

The US SEC will hold a roundtable discussion on cryptocurrencies and privacy on December 15, with topics involving regulatory emphasis on crypto privacy projects. If a consensus is reached, flexibility may be incorporated into relevant regulations; otherwise, it could lead to a confrontation between privacy and surveillance.

Paradigm co-founder Matt Huang stated that the current crypto industry is at a major moment similar to Netscape and the iPhone, with operations on an unprecedented scale and accelerated development at both the institutional and cypherpunk levels.

Odaily星球日报讯 美国国家经济委员会主任哈塞特表示除非出现某种“黑天鹅”式的干扰，否则“我们将迎来经济史上的黄金一年”。他补充说，如果明年第一和第二季度的增长速度只有 3%，他会感到“失望”。“增长率很容易就能再高出一个百分点。”此外，哈塞特还重申了他的预期，即美联储决策者将在下周的会议上降低利率。“现在是美联储再次谨慎降息的好时机。”（金十）

According to ChainCatcher, as reported by CoinDesk, two wallets associated with Casascius physical bitcoins have recently transferred a total of 2,000 bitcoins, worth approximately $180 million, after being dormant for over ten years. These bitcoins had not been touched since 2011 and 2012, when the price of bitcoin was under $15, compared to nearly $90,000 today. Casascius physical coins were created by Utah entrepreneur Mike Caldwell in 2011 as physical collectibles containing embedded private keys, with denominations ranging from 1 to 1,000 BTC. Each coin comes with a tamper-evident holographic seal to protect the private key underneath. Due to the US Financial Crimes Enforcement Network (FinCEN) flagging Caldwell as an unlice

Gate News bot message, Whale trader identified as pension-usdt.eth has established a significant leveraged position in Ethereum. The trader opened a 2x long position on 20,000 ETH, valued at $60.93 million, with an entry price point of $3,040.92. The position's liquidation price is set at $1,190.

Jack Mallers posted on X, revealing that Twenty One Capital will be listed on the New York Stock Exchange on December 9 and will transfer 43,500 Bitcoins to a self-custody account to update its proof of reserves.

According to a report by Reuters, Bank of America announced that starting January 5, 2026, wealth advisors at its Private Bank, Merrill, and Merrill Edge divisions will be able to recommend crypto asset-related products to clients.

ChainCatcher news, according to official sources, prediction market DeFi layer protocol Gondor has completed a $2.5 million Pre-Seed round of financing, with participation from Prelude, Castle Island Ventures, and Maven 11. It is reported that Gondor will launch a new protocol next week, allowing users to

Analyst Milk Road pointed out that ETH holdings on centralized exchanges have dropped to a historic low, accounting for only 8.8%, a decrease of 43% since July. ETH is being used for staking and long-term custody, and the supply shortage may drive prices up.

According to Jinse Finance, Hasu, Lido's strategic advisor and Flashbots' strategy director, commented on Vitalik's call to establish an on-chain gas futures market on the X platform. He stated that the market lacks natural short sellers: a large number of users are inherently exposed to gas costs (short) and wish to hedge, but almost no one in the market is willing to take the long side on gas, so liquidity may be insufficient, making it difficult to form a meaningful market size. In response, Vitalik suggested that the protocol itself could act as the market's short seller, that is, by auctioning future base fees on-chain.

New York brokerage Clear Street is preparing to go public, with an expected valuation between $10 billion and $12 billion. Goldman Sachs will lead the deal, but it may not be completed before January. The company is a well-known cryptocurrency stock underwriter.

ChainCatcher reports that although quantum computers pose a long-term threat to cryptography, the actual risk is generally exaggerated. The report indicates that the likelihood of a "cryptographically relevant quantum computer" capable of breaking modern encryption systems appearing before 2030 is extremely low. a16z recommends the immediate deployment of hybrid encryption schemes to address "Harvest Now, Decrypt Later" (HNDL) attacks, but blockchains do not need to rush to adopt post-quantum signature technology, as digital signatures are not affected by HNDL attacks. Bitcoin faces particular challenges due to its slow governance mechanism and a large number of potentially abandoned quantum-vulnerable coins, necessitating early planning for migration paths. Privacy chains, on the other hand, have a more urgent need for post-quantum protection due to their encrypted transaction data. The report emphasizes that achieving current security and addressing vulnerabilities are more urgent threats than long-term quantum computing risks, and it puts forward seven specific recommendations to help the industry respond to quantum challenges.

According to Jinse Finance, crypto analyst TXMC pointed out that despite the decline in Bitcoin prices, the liveliness metric continues to rise, indicating a bottom in spot demand and suggesting that the market bull cycle may not be over. This metric reflects the long-term trend of on-chain Bitcoin activity and shows an influx of new investment capital.

Analysts point out that the increase in Bitcoin activity indicators may suggest that the market cycle is not over. Despite the price decline, activity continues to rise, indicating a demand floor for spot Bitcoin and showing that market momentum remains positive.

a16z points out in a recent article that Bitcoin faces issues with governance efficiency and proactive migration, making it urgent to shift to quantum-resistant digital signatures. If the community cannot reach consensus, a hard fork may occur. In addition, holders must proactively migrate their assets, and millions of bitcoins vulnerable to quantum attacks could lose protection as a result.

According to ChainCatcher, citing Arkham data, between 10:22 and 10:29, multiple anonymous addresses transferred a total of 143 million TON (with a total value of approximately $211 million) to the TON Elector Contract. 1. At 10:29, 1,560,602.89 TON (worth about $2.497 million) were transferred from an anonymous address (starting with EfA6gk...). 2. At 10:27, 1,428,372.85 TON (worth about $2.2854 million) were transferred from an anonymous address (starting with Ef8omjm...). 3. At 10:26, 1,289,541.5 TON (worth about $2.0633 million)

According to data from blockchain intelligence analytics platform Nansen, "smart money" is anticipating a short-term decline in Ethereum, with short positions increasing by $2.8 million, bringing the total to over $21 million. At the same time, demand for spot Ethereum ETFs is insufficient, with net outflows for two consecutive days totaling approximately $75.2 million.