Gate Ventures 最新发布的加密周报显示，宏观指标降温导致风险偏好不均衡，市场整体保持谨慎。BTC 和 ETH 在窄幅区间震荡，但 ETF 净流出持续，恐惧与贪婪指数仍处于“极度恐惧”。与此同时，市场周一出现 +3.9% 的整体反弹，主要受到机构叙事升温的带动，包括 Grayscale 递交 SUI Trust 申请及其 Chainlink ETF 的正式上线。生态方面，Aave 与 CoW 推出首个基于 Intent 的闪电贷产品，进一步扩展可编程 DeFi；Galaxy 收购 Alluvial，加速机构级流动性质押布局；Grayscale 推出 LINK ETF，首日流入 4,100 万美元，显示机构对受监管的山寨资产敞口保持强劲需求。在融资方面，本周共完成 23 笔交易，其中 DeFi 占比 48%。披露金额的融资总额达 2.15 亿美元，环比增长 31%。整体来看，尽管市场情绪偏弱，但机构参与度与基础设施建设正在不断强化，为后续周期的结构性修复奠定了重要基础。

据官方公告，币安 Alpha 将上线 Midnight (NIGHT) ，Alpha 交易将于 2025 年 12 月 9 日 17:00（UTC+8）开始。 持有至少 230 个币安 Alpha 积分的用户可申领代币空投。在 Alpha 活动页面申领 600 个 NIGHT 代币空投。若活动未结束，则分数门槛将每五分钟自动降低 10 分。 请注意，申领空投将消耗 15 个币安 Alpha 积分。用户需在 Alpha 活动页面 24 小时内确认申领，否则视为放弃领取空投。

According to Cointelegraph, the non-fungible token (NFT) market has experienced a substantial decline, reaching its lowest monthly sales volume this year. Digital collectibles have seen a significant drop in market capitalization, falling over 66% from their January highs. Data from CryptoSlam reveals that NFT sales plummeted to $320 million in November, a stark contrast to the $629 million recorded in October. This decline has brought monthly volumes back to levels not seen since September 2024, when sales hit $312 million. Further analysis shows that between December 1 and 7, NFTs generated $62 million in sales, marking the weakest weekly total of 2025. This slow start to December indicates that the downturn may continue throughout the month as NFT momentum wanes. The downward trend is part of a broader decline in NFT valuations. CoinGecko reports that the sector's overall market cap stands at $3.1 billion, a 66% decrease from its peak of $9.2 billion in January. CoinGecko data also highlights that most top NFT collections have mirrored the broader market decline. CryptoPunks, the largest by market cap, fell 12% over the last 30 days. Bored Ape Yacht Club slipped 8.5%, while Pudgy Penguins dropped 10.6% during the same period, continuing a pullback across dominant NFT assets. Art-driven blue-chip collections were not spared either, with Chromie Squiggle sliding 5.6%, Fidenza falling 14.6%, Moonbirds dropping 17.9%, and Mutant Ape Yacht Club down 13.4% in the last month. Hypurr experienced the largest decline among the top 10 NFT collections, shedding 48%. Despite the overall downturn, two major collections posted gains in the last 30 days, defying the trend. Infinex Patrons, currently the second-largest NFT collection by market cap, saw a 14.9% increase, while Autoglyphs outperformed the entire top 10 leaderboard with a 20.9% surge. The latest decline comes amid a turbulent quarter for the NFT market. As previously reported by Cointelegraph, NFTs recorded a sharp drop in valuation from October to November, with digital collections falling from $6.6 billion to $3.5 billion, representing a 46% drop in just 30 days. This weakness was followed by a brief rebound on November 11, when the NFT market cap recovered from $3.5 billion to $3.9 billion, reflecting renewed interest alongside a memecoin rally. However, the recovery was short-lived, as CoinGecko data shows the NFT market cap is now at $3.1 billion, down 53% from October.

According to the announcement from Binance, the platform is set to update its trading fee discount promotion for all USDC-margined perpetual contracts. This promotion will be available to all eligible Binance users, allowing them to benefit from discounts when trading these contracts during the specified period. The promotion is scheduled to run from 2025-12-10 08:00 (UTC) to 2026-02-10 08:00 (UTC). The promotional trading fee structure varies by VIP level, with regular users facing a maker fee of 0.0000% and a taker fee of 0.0400%, which can be reduced to 0.03600% when paying with BNB. VIP levels range from 1 to 9, with taker fees decreasing as the VIP level increases. The limited-time trading fee discount for USDC-margined perpetual contracts, initially set to conclude on 2025-12-10, will be extended until the new discount program launches. The implementation of the updated trading fee discount structure and USDC Liquidity Provider fee rates is scheduled for 2025-12-10 08:00 (UTC). The update process is expected to take approximately eight hours, during which users may experience temporary discrepancies in fee calculations, such as higher-than-expected taker fees or reduced liquidity provider rebates. These discrepancies are anticipated as part of the transition, and any overcharges or underpayments will be identified and reconciled retroactively once the update is complete. Accounts will be adjusted to reflect the correct fees and rebates according to the new promotion terms. Standard trading fees will apply after the promotion ends, and users are encouraged to refer to the Binance Futures Fee Structure for more details. Eligible Taker Program participants may enjoy up to an 18% taker fee rate based on the promotional USDC taker fee rate.

NFT sales fell to $320 million in November — their lowest this year — with early December off to a weak start as top collections slide across the board. source: https://cointelegraph.com/news/nft-sales-hit-lowest-level-2025-market-cap-down-66-percent?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

According to ChainCatcher, data from SoSoValue indicates that Bitcoin spot ETFs saw a total net outflow of $60.47 million on December 8, Eastern Time. The Bitcoin spot ETF with the highest single-day net inflow was Blackrock's IBIT, which recorded an inflow of $28.75 million. The historical total net inflow for IBIT has reached $62.546 billion. Conversely, Grayscale's GBTC experienced the largest single-day net outflow, amounting to $44.03 million. The historical total net outflow for GBTC stands at $25.091 billion. As of the time of reporting, the total net asset value of Bitcoin spot ETFs is $118.498 billion, with an ETF net asset ratio of 6.54% compared to Bitcoin's total market value. The cumulative historical net inflow has reached $57.557 billion.

According to Foresight News, Singapore-based FundBridge Capital has introduced the MG999 On-Chain Gold Fund, a tokenized private credit fund. The fund will be issued on Libeara, a tokenization platform incubated by SC Ventures, a subsidiary of Standard Chartered. Mustafa Gold is the first borrower of this fund.

Hong Kong begins public consultation on OECD's crypto asset tax framework, aiming for 2028 implementation. source: https://coincu.com/news/hong-kong-crypto-tax-framework/

According to Odaily, U.S. President Donald Trump recently stated on social media that tariffs have significantly bolstered national security and positioned the United States as the world's strongest financial power. He emphasized that only malevolent forces would wish to see this progress undone. Trump warned that an unfavorable Supreme Court decision on tariffs could pose a historic threat to U.S. national security, leaving the country economically defenseless.

Paradigm researchers led by Storm Slivkoff have discovered that Polymarket’s trading volume figures have been double-counted on almost every major dashboard. source: https://www.cryptopolitan.com/polymarket-double-counts-figures/

有人指出，Paradigm 是 Kalshi 的投资人（最近三轮融资均参与），Huang的转发被视为“抹黑竞争对手”。

X402+稳定币+加密链上设施，会逐渐地持续地对现有支付体系产生冲击，不仅是利用了稳定币，而且将钱、信用、身份以及数据转入到一个平行金融宇宙。

灰度认为，比特币的市场结构已经超越了以往四年周期的规律。机构资金流动和宏观经济动态已经重塑了比特币的价格走势。

BTC,IBIT,为什么BTC总是在美股开盘后下跌？ 金色财经,Jane Street最有可能是幕后操纵者？

Tether’s USDT stablecoin has been officially recognised by Abu Dhabi Global Market, giving it a clear regulatory status across multiple blockchains. This allows licensed firms in the UAE to use USDT for trading, payments, and settlement under a regulated framework.

AI让软件自治化；Crypto让自治可信化。没有加密货币的可验证性，AI Agent无法在真实经济中大规模运行。

俄罗斯是不是“加密大国”？答案比想象中复杂。如果用矿业、链上交易量、稳定币流入量、贸易结算依赖度衡量，它是一个全球都无法忽视的加密力量中心。

Messari,Messari：Kalshi的崛起主要靠体育市场 体育赛季结束怎么办 金色财经,下一步不仅仅是继续增长，而是实现行业多元化

是谁促成了今天的高FDV低流通的现状，把token打造成最终的商品/服务？是发射台、meme、交易所、VC、媒体、交易员、项目方？还是我们所有人？

美国经济正同时遭受多种通货紧缩因素的冲击。这些相互交织的趋势迫使美联储不得不降低利率并增发货币。