According to Greeks.live analyst Adam, the Federal Reserve's latest policy meeting cut interest rates by 25 basis points as expected and announced the resumption of its $40 billion monthly short-term Treasury bill (T-bills) purchase program. The overall stance was dovish, which should help improve liquidity in the financial system and is beneficial to the market. However, Adam pointed out that with the Christmas holidays and year-end settlement approaching, this period is historically the time with the lowest liquidity and low activity in the crypto market. Therefore, "it's too early to talk about restarting the bull market," and the momentum for a market reversal is limited. Options data shows that both BTC and ETH had high open interest concentration at the end of December: the biggest resistance level for BTC was $100,000; for ETH, it was $3,200. Meanwhile, implied volatility for major expiration dates this month continued to decline, reflecting a significant decrease in market expectations for short-term volatility. Adam also pointed out that the skew remained negative for an extended period this month, meaning that put option prices were significantly higher than call option prices for the same delta. This was attributed to several factors, including: the dominance of covered call strategies after the overall market stabilized, which suppressed call pricing; and recent market weakness, leading more traders to hedge downside risk through puts. In summary, current sentiment in the crypto market is weak, with poor liquidity at the end of the year, and the prevailing view in the options market points to a "slow decline"; however, a short-term reversal due to sudden positive news should be anticipated (although the probability is low).

According to SoSoValue data, XRP spot ETFs saw a total net inflow of $10.2 million yesterday (December 10th, Eastern Time). The XRP spot ETF with the largest single-day net inflow was the Bitwise XRP ETF (XRP), with a net inflow of $7 million, bringing its historical total net inflow for XRP to $200 million. The Grayscale XRP ETF (GXRP) followed, with a net inflow of $3.2 million, bringing its historical total net inflow for GXRP to $217 million. As of press time, the total net asset value of XRP spot ETFs was $939 million, with an XRP net asset ratio of 0.75%, and a historical cumulative net inflow of $954 million.

Digital asset management and infrastructure company Galaxy announced it will establish an entity in Abu Dhabi Global Market (ADGM) and plans to open a local office to deepen its business presence in the Middle East. Galaxy founder and CEO Mike Novogratz stated that this move aims to expand the company's existing partnerships and operational scope. Galaxy Managing Director Bouchra Darwazah pointed out that the Middle East has become one of the world's fastest-growing financial centers, with highly sophisticated investors and innovators, making it a key region for Galaxy's investors, clients, and portfolio companies. Galaxy reportedly achieved a net profit of $505 million and shareholders' equity of $3.2 billion in the third quarter of 2025, and continues to be active in the crypto investment space, including participating in the $1.65 billion Solana Treasury Fund with Cantor Fitzgerald, Multicoin Capital, and Jump Crypto. In the past year, several crypto companies have obtained regulatory approval in the Middle East to enter the local market, including exchanges such as Binance and Bybit; stablecoin issuers have also continued to receive approval. Recently, Tether's USDT was recognized as a "fiat-pegged token" in Abu Dhabi, and Circle also obtained a financial services license, allowing it to operate the USDC stablecoin locally. (Cointelegraph)

Moore Threads surged over 16%, with its share price exceeding 856 yuan and its total market capitalization surpassing 400 billion yuan. (Jinshi)

The Federal Reserve ended the year with a 25 basis point rate cut, but why are internal divisions still intensifying? The dot plot and Powell's press conference were more dovish than the market expected; what are the reasons behind this, and how should we interpret them? Where will the market go from here?

State Street Investment Management and Galaxy Asset Management announced the joint launch of the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), a private on-chain liquidity fund denominated and redeemed in the PYUSD stablecoin, which will provide accredited investors with a 24/7 on-chain cash management tool. Ondo Finance is expected to invest approximately $200 million in the fund as seed funding. SWEEP is planned to launch on Solana in early 2026, and will subsequently expand to Stellar and the Ethereum ecosystem. The fund will be custodied by State Street Bank and Trust Company, with Galaxy providing the underlying on-chain infrastructure and tokenization technology, and enabling cross-chain interoperability through Chainlink. State Street stated that the product combines its years of tokenization and cash management capabilities with Galaxy's technological advantages in Web3 infrastructure, aiming to provide institutional investors with a new on-chain cash management option. Galaxy claims that SWEEP will reshape how institutions manage liquidity in the DeFi ecosystem. Ian De Bode, President of Ondo Finance, stated that tokenization is gradually becoming a key link connecting TradFi and the Onchain economy. This collaboration will accelerate the development of institutional-grade on-chain financial systems and create synergies with Ondo's on-chain US Treasury products. (Businesswire)

According to Odaily, U.S. federal prosecutors have charged Canadian citizen Nathan Gauvin for operating a fraudulent investment scheme on the Discord platform. Gauvin allegedly claimed to raise funds for investment in traditional finance and cryptocurrency markets, amassing over $42 million. The indictment reveals that most of the funds were used to pay off previous investors, purchase luxury items, and settle personal credit card debts. Additionally, Gauvin reportedly falsified documents to secure an $800,000 credit line from a fintech company for personal use. Investigations indicate that between May 2022 and October 2024, Gauvin and his associates directed investors to put their money into Gray Digital Capital Management Inc. and its Gray Fund products. They allegedly fabricated professional credentials, performance records, and asset sizes, even presenting fake statements to investors, with claims of fund returns reaching as high as 4384%. Gauvin was arrested in the United Kingdom on Wednesday. The U.S. Securities and Exchange Commission has also filed securities fraud charges, noting that Gauvin continued to submit false documents to the SEC during regulatory investigations.

On Dec 11, 2025, 02:31 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 90,000 USDT and is now trading at 89,945.632813 USDT, with a narrowed 2.73% decrease in 24 hours.

Stripe has hired Valora’s builders to work on its crypto initiatives, as the wallet’s app shifts ownership back to Celo’s cLabs. source: https://cointelegraph.com/news/stripe-acquires-self-custody-crypto-wallet-app?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

U.S. federal prosecutors have charged Canadian citizen Nathan Gauvin with operating a fraudulent investment scheme on the Discord platform, claiming to raise funds to invest in traditional financial and crypto markets, actually raising over $42 million. The indictment alleges that most of the funds were used to pay for withdrawals by existing investors, purchase luxury goods, and pay off personal credit cards. Furthermore, he allegedly falsified documents with a fintech company to obtain approximately $800,000 in credit for personal consumption. The investigation revealed that between May 2022 and October 2024, Gauvin and his accomplices directed investors to invest in Gray Digital Capital Management Inc. and its product, Gray Fund, fabricating their professional qualifications, performance, and asset size, even showing investors forged statements, claiming a fund return of up to 4384%. Gauvin was arrested in the UK on Wednesday. The U.S. Securities and Exchange Commission (SEC) has also filed securities fraud charges, noting that he submitted false documents to the SEC during the regulatory investigation. (Bloomberg)

On December 11th, according to SoSoValue data, the crypto market saw a general pullback across all sectors, with the DePIN sector leading the decline at 4.28% in the past 24 hours. Within the sector, Filecoin (FIL) fell 7.50%, and Render (RENDER) fell 5.52%. Additionally, Bitcoin (BTC) fell 1.41%, dropping below $91,000, and Ethereum (ETH) fell 1.02%, dropping below $3,300. In other sectors, the CeFi sector fell 1.00% in the last 24 hours, with Cronos (CRO) down 3.39%; the Layer 2 sector fell 2.15%, but Mantle (MNT) remained relatively strong, rising 1.12%; the DeFi sector fell 2.35%, with Hyperliquid (HYPE) bucking the trend and rising 2.95%; the Layer 1 sector fell 2.54%, with Zcash (ZEC), which had previously seen significant gains, falling 10.78%; the PayFi sector fell 2.92%, with Ultima (ULTIMA) surging 6.63% intraday; the AI ​​sector fell 3.85%, but Pieverse (PIEVERSE) surged 28.38%; and the Meme sector fell 3.88%, with PIPPIN (PIPPIN) rising again by 6.67%. The crypto sector indices, which reflect the historical performance of the sector, show that the ssiAI, ssiNFT, and ssiDePIN indices fell by 5.55%, 5.32%, and 5.16%, respectively.

In short: The 25bps rate cut was in line with expectations, but the dot plot and press conference information were more dovish than the market expected.

Powell, Federal Reserve, interest rate cuts, tariffs, inflation; Powell's underlying message: a carefully designed "scapegoating" and farewell. Golden Finance: Will there only be one interest rate cut next year?

美联储,降息,鲍威尔,货币政策,2025年12月美联储议息会议实录：RMP来了 金色财经,美联储RMP来了。

The UAE has a very clear macroeconomic strategy: to accelerate its transformation from a past oil-based economy to a future-oriented fintech hub. The crypto industry is a key sector for this leapfrog development, and it is currently in a relatively advantageous position.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse 8 AM," issue 2905, providing you with the latest and fastest news on the digital currency and blockchain industry.

SEC, Trump, Trump to hold "final interviews" for Fed Chair Hassett not yet a done deal, Golden Finance, Is Bessett still a potential successor?

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

On the eve of Do Kwon's trial, Terra Do Kwon is gambling $1.8 billion on his sentence. Golden Finance: Dead fundamentals, vibrant speculation.

Recommended reading tonight: 1. Multicoin: Stablecoins and Fintech 4.0; 2. Why are crypto giants like Binance, Tether, and Circle flocking to Abu Dhabi?; 3. Four reasons to be bearish on US stocks in 2026.