The crypto market is showing a split state, with major coins steadily rising. BTC has rebounded to above 91,000, and ETH is over $3,100. Performance varies across smaller sectors; SocialFi, NFT, and PayFi sectors have seen significant gains, while Layer2 and DeFi sectors have seen slight declines. Overall, the market is still searching for a new direction.

The market was active today, with BCH leading the gains, rising to $599.6, up 3.40%. TON, ETH, AR, and LINK also saw varying degrees of increase. In contrast, FLOW had the largest decline, down 4.00%, and other small coins also performed poorly. Overall, major cryptocurrencies remained relatively stable.

A compliant platform has reopened registration in India, allowing users to engage in crypto-to-crypto trading. Despite regulatory challenges, the platform plans to enable fiat deposits for purchasing cryptocurrencies by 2026, marking a revival of crypto trading in the Indian market.

[BlockBeats] The dark pool DEX project HumidiFi announced today that their new token public sale is scheduled for 11 PM tomorrow night.
This timing is fairly friendly for domestic users, so there’s no need to get up in the middle of the night. If you want to participate, you can prepare in advance—after all, with public sales like this, if you’re slow, you basically miss out.
HumidiFi focuses on dark pool trading, which is a rather niche track in the DEX space. As for how the token will perform after listing, it will depend on the project team’s subsequent operations and the market’s enthusiasm.

The Canadian tax authorities have collected over 100 million CAD from crypto users within three years but have not initiated any criminal cases. The tax authorities handled more than 230 files and estimate that 40% of crypto users have not reported taxes, highlighting an imperfect regulatory system and the difficulty in accurately assessing the situation of taxpayers. This reflects the traditional tax system's inability to cope with decentralized technology.

A leading exchange is returning to the Indian market after a two-year hiatus, allowing users to trade cryptocurrencies directly and having completed registration with local regulators. Despite facing high tax burdens, they plan to establish fiat on-ramps by 2026 and expand their team to seize market potential.

A well-known whale stopped out and exited after ETH fell below $2,900, incurring a loss of $738,000. Immediately after, they reversed their position and bought an additional 2,200 ETH worth $6.18 million. Although there was a rebound to $3 million at one point, the account ultimately had only $227,000 left. This series of trades has sparked discussions about their courage and gambler’s mentality.

【区块律动】Michael Saylor 又搞事情了。12月7日，这位Strategy掌门人再次丢出比特币Tracker的相关动态。
熟悉套路的人都懂——每次他发完这类消息，第二天基本就会官宣增持比特币。这次会不会又是同样的剧本？拭目以待。

The cryptocurrency market in Sub-Saharan Africa is developing rapidly, driven by significant local currency volatility and increasing demand for digital assets among residents. Kenya is strengthening law enforcement training, Nigeria has seen inflows of $92.1 billion, and cryptocurrencies have become a tool for preserving value. South Africa is adopting compliance strategies to attract institutional funds, making Africa as a whole an important testing ground for Web3 innovation.

Recently, a whale injected $3 million into HyperLiquid and opened a 10x leveraged short position on ETH, indicating a bearish outlook on Ethereum’s short-term trend. This move has attracted market attention and reflects a signal from major investors.

The trend of Bitcoin in 2025 is likely to be mainly characterized by consolidation, with volatility being more intense than expected. Currently, market sentiment is somewhat panicked; however, the Bitcoin reserves held by listed companies provide an invisible line of defense, making a deep correction unlikely. Although ETF inflows are weak, the current level of anxiety is not sufficient to impact the market and may actually accumulate momentum for a future rebound.

[BlockBeats] Another huge scandal rocked the crypto community today.
A leading exchange is suspected of being involved in insider trading—someone noticed that the timing of their official Twitter account posting a meme coin promotion was only 15 seconds apart from the launch of a new coin. That timing is just too coincidental, isn’t it? At 1:29:45 PM, a certain meme coin launched, and at exactly 1:30 PM, the official Twitter posted a matching promo with a theme that aligned perfectly.
The community is now abuzz with heated discussions and rampant speculation. However, the official customer service team has already made a statement: they’ve noticed the feedback and have launched an internal review. They emphasized a zero-tolerance policy for listing-related corruption and promised to report the investigation results as soon as they’re available.
To be honest, a 15-second time gap is really hard to explain as a coincidence. Did an insider know the news in advance, or is there something fishy going on? It’s all still at the speculation stage for now, and we’ll have to wait for the official investigation results to know the truth. If this is confirmed, it would really hurt industry trust.

Recently, the ETH balance on centralized exchanges has dropped to a historic low, accounting for only 8.8%. Since July this year, the amount of ETH on exchanges has decreased by 43%. Most of the outflowing ETH has been locked into staking protocols, Layer 2 networks, and institutional custody, resulting in poor liquidity and making quick liquidation difficult. Despite bearish market sentiment, the supply gap is real and could potentially trigger a price increase in the future.

On December 7, the key price levels for Bitcoin are $88,000 and $91,000. If it falls below $88,000, it could trigger $606 million in long liquidations; if it breaks above $91,000, it will lead to $611 million in short liquidations. These two price levels are expected to cause significant price volatility.