While the United States is still debating "who is in charge of what," and Europe's MiCA is still in its adjustment period, Abu Dhabi has quietly completed the puzzle of its infrastructure.

The U.S. NFIB Small Business Confidence Index rose to 99.0 in November, up 0.8 points from October, with six of its ten sub-indices increasing, primarily driven by improved sales expectations. However, the uncertainty index rose 3 points to 91, partially offsetting the optimism. Labor market conditions remain a concern, and the overall situation remains challenging. In November, approximately 33% of business owners reported job openings (up from 32% in October), the first increase since June and well above the historical average of 24%. Positive signs emerged regarding employment expectations, with about 19% of business owners planning to hire new employees in the next three months, up 4 percentage points from October and the highest level this year. Inflation remains a major concern in the November data, with the proportion of business owners raising average selling prices increasing from 21% in October to 34%, the highest level since March 2023. (Jinshi)

According to official news, OKX will officially launch the NIGHTUSDT perpetual contract on its web, app and API at 19:30 (UTC+8) on December 9, 2025, with a maximum leverage of 20x.

تراجع سعر البيتكوين إلى قرابة 90 ألف دولار خلال الساعات الماضية بعدما فقد السوق الزخم الذي بدأ به الأسبوع، فيما شهدت عدة عملات بديلة انخفاضات أكثر حدة، أبرزها العملة الرقمية (HYPE) التي هبط سعرها بنسبة 9% يوميا. وقد انخفضت القيمة السوقية للبيتكوين إلى نحو 1. source: https://arab-btc.net/btc-retreats-to-90k/

According to Dlnews, analysts believe the market has already priced in the rate cut, and Bitcoin may continue to fluctuate around $90,000 in the short term. Experts are more focused on the market outlook for 2026, especially after Trump's potential nomination of Kevin Hassett as the next Federal Reserve Chairman, which is expected to drive more aggressive rate cuts and potentially benefit risk assets such as cryptocurrencies.

According to official news, Gate Launchpool has launched the NIGHT staking mining project, with the GUSD mining pool boasting an annualized yield of 122.21%. Additionally, Gate Launchpool's WET project's GUSD mining pool is also open, currently offering an annualized yield of 148.61%. GUSD is a high-quality asset launched by Gate, backed by RWA government bonds and stablecoins. Users who mint and hold it enjoy a stable annualized yield of 4.4%, and those participating in Launchpool GUSD staking enjoy double interest income. Furthermore, the seventh round of the trading airdrop event has also begun. By participating in designated trades and meeting the event rules, users have the opportunity to share in a total prize pool of 10,000 GUSD. A single person can win up to 320 GUSD. At the same time, a limited-time reward for new Gate GUSD minting users is available, with new users earning on-chain coins currently enjoying an annualized minting yield of up to 100%. During the event, GUSD participating in other financial products (such as Launchpool and Launchpad) besides YuBiBao will receive additional benefits from GUSD minting and event rewards, in addition to the product's own returns, achieving multiple benefits.

With the past couple of months being shaky for Bitcoin (BTC), prediction markets are not fully convinced that the flagship cryptocurrency is going to hit a new all-time high (ATH) by December 31. Namely, data from crypto-based prediction market Polymarket as of December 9 suggests that just 1% of the individuals betting on the platform now believe that Bitcoin could climb to $130,000, surpassing the $126,000 ATH reached in October this year. Interestingly, however, the 1% who believe it can hit a new peak have wagered nearly $10 million on the $130,000 price target. Also notable is that three times as many bets are on the Bitcoin price crashing to $65,000, a price not seen since October last year, although only $392,000 is on the line here source: https://finbold.com/crypto-markets-set-odds-of-bitcoin-hitting-a-record-high-by-december-31-2025/

Zcash unveils a detailed dynamic fee plan to prevent rising transaction costs from pricing out users and spurring congestion. source: https://www.cryptopolitan.com/zcash-fee-plan-traders-wont-be-priced-out/

Plume, an innovative technology company, has successfully obtained a commercial license from the Abu Dhabi Global Market (ADGM), paving the way for its strategic expansion into the Middle East. The company is now focused on broadening its presence in the region by leveraging its expertise in real-world asset (RWA) solutions, aiming to tap into the growing demand for such services in the Middle Eastern market. This milestone not only underscores Plume's commitment to growth but also highlights its intention to engage with local stakeholders and contribute to the development of the regional economy. source: https://www.coindesk.com/markets/2025/12/09/plume-secures-adgm-commercial-license-eyes-middle-east-rwa-expansion

Euro stablecoin market doubles to $680M after MiCA, led by EURS, EURC, and EURCV, with rising adoption and on-chain activity across the EU. source: https://catenaa.com/markets/cryptocurrencies/euro-stablecoin-market-doubles-to-680m-one-year-after-mica/

HashKey is actively pursuing a substantial $215 million through its initial public offering (IPO) in Hong Kong, all the while facing the urgent challenge of its increasing cash burn rate, which necessitates a swift and successful capital-raising effort to sustain its operations and continue its growth trajectory. source: https://www.coindesk.com/markets/2025/12/09/hashkey-seeks-usd215-million-in-hong-kong-ipo-while-racing-against-its-cash-burn-rate

Something extremely terrible is happening to the US economy, and almost no one is talking about it publicly.

About 40% of Canadian crypto users are failing to report taxes or are at high risk of non-compliance, making enforcement difficult. The CRA has recovered millions through audits but faces challenges due to anonymous transactions, while new laws and reporting rules are planned for 2026 to improve oversight.

From DeFi to RWA, and now to the SEC's conclusion of its investigation, Ondo has seized every market opportunity, which may be the secret to its continued popularity.

When the "Fear & Greed Index" remains in an unsettlingly low range for an extended period, the market is often shrouded in fear and uncertainty.

A Binance employee was suspended for using insider information to promote a new token on the exchange’s official social media account. The token gained rapid attention and value, and Binance rewarded whistleblowers while promising stronger controls to prevent similar misconduct.

Jupiter and SOLANA: Sparking a Solana "Civil War"? What are Kamino and Jupiter really fighting over? (Golden Finance: The Dispute Between Kamino and Jupiter)

Fidelity CEO Abigail Johnson shared insights on topics such as Bitcoin and early mining, crypto custody, stablecoins, innovative investment models, and "building your own vs. acquiring."

ChatGPT users saw prompts in their chats that looked like ads, causing confusion and concern. OpenAI said these were just experimental app suggestions, not paid advertisements, and has now removed the feature.

This Thursday (Beijing time), the Federal Reserve will announce its final interest rate decision of the year.