The foreign exchange market is not at all the "currency exchange market" I thought it was. To be more precise, most of the massive daily trading volume of $7.5 trillion is not "currency exchange" at all—but rather a vast and invisible global dollar lending network.

According to ChainCatcher, Strategy CEO Phong Le recently appeared on CNBC's 'Power Lunch' to discuss the relationship between $MSTR stock and Bitcoin prices, how the company's dollar reserves are positioned to handle market fear, uncertainty, and doubt (FUD), key drivers of market volatility, and the strong long-term outlook for Bitcoin. Le clarified that the company's current dollar reserves can sustain operations for at least 21 months without needing to sell Bitcoin. This approach has received positive feedback from investors, who appreciate the company's transparent communication and long-term strategic planning.

Key TakeawaysBitcoin bullish momentum could strengthen as CFTC-approved spot trading boosts institutional confidenceOn-chain liveliness indicator hits a new cycle peak, signaling persistent demand despite muted price actionKey levels to watch this week remain $92,000 as resistance and the low-$80,000 range as structural supportCFTC Decision Reshapes Immediate Market SentimentThe CFTC’s announcement enabling spot Bitcoin and Ethereum trading on registered U.S. futures exchanges is being viewed as a structural shift for the crypto market. The move offers commodity-grade regulatory clarity, reducing legal uncertainty that has weighed on digital assets for years.Source: CFTC.govThis legitimacy mirrors gold’s transformation in the 1970s, when its debut on regulated U.S. futures venues sparked deep liquidity, institutional activity, and eventually a 4,000% price increase over decades. BTC and ETH now share a similar framework—one that may channel institutional interest back onshore and strengthen market confidence.The decision also addresses a long-standing gap in U.S. crypto trading. Despite platforms like Coinbase and Kraken, traders previously lacked regulated spot leverage and deep domestic liquidity, a factor that helped drive 41.1% of global spot volume to Binance in 2025. With structured U.S. venues now live, order-book depth is expected to rise. Market Context: Structural Liquidity Is ImprovingRegulatory recognition is historically linked to rapid liquidity growth. After WTI oil futures launched in 1983, monthly volume surged from 3,000 contracts to over 100,000 within one year, eventually topping 1 million contracts per day in modern markets. Analysts expect a similar scaling effect for Bitcoin liquidity as U.S. traders, market makers, and institutions enter regulated rails.Enhanced liquidity generally reduces price volatility, as large orders are absorbed more efficiently—an important factor for institutional allocators seeking higher confidence in execution quality. On-Chain Indicators Strengthen the Bullish CaseAnalysts highlight that Bitcoin’s liveliness indicator, a metric comparing lifetime spending to holding behavior, has reached a new cycle peak, historically associated with bullish market phases.The indicator is rising even as spot prices consolidate, suggesting persistent underlying demand and significant capital rotation within the network.Source: TXMC on XAnalyst TXMC notes that liveliness “continues to march higher this cycle despite lower prices,” pointing to strong activity from long-term holders. Analyst James Check adds that dormant coins are moving at magnitudes “much larger than in 2017,” reflecting transactions now in the billions rather than thousands.This on-chain backdrop signals robust transactional strength, even without immediate price reaction, another sign that buying pressure may be quietly building beneath the surface. Price Levels: Consolidation Before a Potential BreakoutBitcoin briefly dipped below $89,000 over the weekend but stabilized near $89,500, which aligns with broader consolidation expectations. Analyst Michaël van de Poppe considers the $86,000–$92,000 region “mostly noise,” with a retest of $92,000 potentially opening the door to a breakout.Source: TradingViewThe moving average table shows BTC trading below all major trend references, including the EMA10 at 90,140, EMA20 at 91,416, and EMA50 at 97,403. This signals ongoing trend compression, rather than directional momentum, but compression phases often precede significant expansions.Should BTC revisit the low-$80,000 zone, analysts anticipate a potential double-bottom structure, which may act as a springboard into late-year strength and a Q1 rally. Bitcoin Forecast: What To Watch This WeekThis week’s Bitcoin outlook leans constructive, with several catalysts supporting a potential shift upward:Institutional inflows could rise as trading begins on regulated CFTC-approved venuesOn-chain strength suggests active participation from long-term holdersA break above $92,000 remains the key technical trigger for renewed bullish momentumNear term, investors should monitor U.S. trading volume on the new CFTC venues, order-book depth improvements, and any ETF-related flows as the market digests this historic regulatory milestone.

The global cryptocurrency market cap now stands at $3.05T, down by -1.93% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $88,908 and $90,290 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $89,184, down by -0.47%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include MDT, WIN, and GLMR, up by 76%, 48%, and 37%, respectively. Top stories of the day: Solana Foundation President Urges Focus on Market Expansion Ether Supply on Exchanges Hits Record Low, Analysts Predict Potential Price Squeeze Quantum Computing's Threat to Cryptography Overstated, Report Finds Bitcoin's Comparison to Historical Tulip Bubble Inappropriate, Analyst Says Market movers: ETH: $3029.63 (+0.00%) BNB: $888.92 (+0.73%) XRP: $2.028 (+0.18%) SOL: $131.68 (-0.59%) TRX: $0.2846 (-1.42%) DOGE: $0.13874 (-0.35%) WLFI: $0.1476 (-0.87%) ADA: $0.4154 (+0.78%) WBTC: $89074.05 (-0.42%) BCH: $579.7 (+0.17%) Top gainers on Binance: MDT/USDT (+76%) WIN/USDT (+48%) GLMR/USDT (+37%)

A new dataset from BitcoinTreasuries. net reveals that the world’s top 100 publicly traded companies collectively hold 1,059,453 BTC, marking one of the largest concentrations of corporate Bitcoin ownership ever recorded. source: https://www.ethnews.com/top-100-public-companies-now-hold-over-1-million-bitcoin-new-data-shows/

In the West, finance is a means of social mobilization, and it can only be effective when the "state-society" is separated or even opposed. However, in large Eastern countries where the state and family are structurally similar, social mobilization relies on water conservancy projects and governance capabilities.

Economist Peter Schiff has pointed out that gold has significantly outperformed equities over nearly 60 years, despite the Dow Jones surging nearly 50 times since 1966. source: https://www.benzinga.com/markets/commodities/25/12/49247243/peter-schiff-says-gold-has-outperformed-equities-by-more-than-two-times-in-nearly-6-decades-the-good-news-is-2?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

According to BlockBeats, data from CME's 'FedWatch' indicates an 86.2% probability of a 25 basis point rate cut by the Federal Reserve in December, with a 13.8% chance of maintaining the current rate. The Federal Reserve is set to announce its interest rate decision for the period ending December 10 at 3:00 AM UTC+8 on December 11. The expected rate is 3.75%, down from the previous 4.00%. Federal Reserve Chair Jerome Powell will hold a monetary policy press conference at 3:30 AM UTC+8.

For two consecutive Fridays, the Chinese government and industry organizations have launched a crackdown on cryptocurrencies, particularly defining and clarifying the stance on stablecoins and RWA, shaking the industry. What has it banned, what has it preserved, and will closing one door open another window?

AI Presales Are Moving Fast In 2025 AI tokens continue to climb while traders search for the next top presale […] The post Top 5 New AI Presales Set for Big Moves in 2025: IPO Genie Dominates Attention appeared first on Coindoo. source: https://coindoo.com/top-5-new-ai-presales-set-for-big-moves-in-2025-ipo-genie-dominates-attention/

A chief analyst at a securities firm told Barron's that previous RWA projects in mainland China certainly did not comply with the latest regulatory guidelines. To date, almost all previously attempted RWA projects in mainland China have been halted.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, market and contract data, mining information, project updates, technological advancements, and other industry dynamics.

This week, 25 blockchain startups raised a total of $478.9 million. CoinMENA raised $240 million in its M&A funding round—the largest funding round of the week.

Jinse Finance launches its cryptocurrency and blockchain industry daily news report, "Jinse 8 AM," issue 2901, providing you with the latest and fastest news on the digital currency and blockchain industry.

Fusaka, ETH: Towards a New Scale - Golden Finance provides an in-depth analysis of the Ethereum Fusaka upgrade and its impact.

The joint risk warning from seven associations not only shuts down RWA in the present, but may also stifle the unlimited imagination for the future of asset tokenization in China.

Stablecoin trading volumes are approaching those of Visa and PayPal, Web3 is "invisibly" entering daily life, and the future Layer 1 will no longer be a "world computer" but a "world database," providing a trusted shared data source for millions of applications.