On Dec 11, 2025, 03:04 AM(UTC). According to Binance Market Data, Ethereum has dropped below 3,200 USDT and is now trading at 3,190.52002 USDT, with a narrowed 3.68% decrease in 24 hours.

According to Odaily, analyst Adam from Greeks.live reports that the Federal Reserve's recent decision to cut interest rates by 25 basis points and resume a $40 billion monthly purchase of short-term Treasury bills is expected to improve financial system liquidity, benefiting the market. However, Adam cautions that with the Christmas holidays and year-end settlements approaching, the crypto market typically experiences low liquidity and activity during this period, making it premature to anticipate a bull market resurgence. Options data indicates high concentration in BTC and ETH positions by the end of December, with BTC's maximum pain point at $100,000 and ETH's at $3,200. Meanwhile, the implied volatility for major expiration dates this month has been declining, reflecting a reduced expectation of short-term market fluctuations. Adam also notes that the skew has remained negative this month, meaning that put options are priced higher than call options at the same Delta. This is due to the dominance of covered call strategies in a stable market, which suppresses call pricing, and the recent market weakness leading more traders to hedge against downside risks with puts. Overall, the current sentiment in the crypto market is weak, with poor liquidity expected at year-end. The prevailing view in the options market suggests a 'slow decline,' though there is a need to remain cautious of any sudden positive developments that could lead to a short-term reversal, despite the low probability.

According to BitcoinTreasuries.NET, Exodus Movement (EXOD), a US-listed cryptocurrency wallet company, recently reduced its Bitcoin holdings again, selling 245 BTC, bringing its total holdings down from 2,147 to 1,902 BTC.

BTSE's first Stable (STABLE) staking and interest-earning event is now open for subscription. Participation is possible by depositing or purchasing STABLE. The event features three prize pools, with the highest APR reaching 500%. Subscription closes on December 17th at 02:00 (UTC+0). Stable is a Layer 1 blockchain based on USDT, focusing on stablecoin payments, and STABLE is its native token. BTSE is a global blockchain technology company covering exchange, payment solutions, and infrastructure development.

According to official news, UniMex EXChange, a full-chain asset management platform integrating TradeFi and RWA, officially launched its functions today. The platform completed a security audit before launch. Within 12 hours of opening, the number of registered users worldwide exceeded 100,000. The official team simultaneously launched a global user reward program, incentivizing over 1,000,000 UNX tokens through various participation methods including registration, KYC, referrals, and trading. UniMex is advancing its global compliance strategy and has initiated applications for financial licenses in multiple regions. The official statement indicates that the platform's governance token, UNX, is still under deployment and has not yet entered circulation; users are advised to be wary of fraudulent activities using its name.

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.

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?

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.