Fed Meeting Preview: Russell Investments Expects a "Hawkish Rate Cut" of 25 Basis Points This Week, with Terminal Rate Possibly Reaching 3.25% by 2026
Russell Investments recently released a report stating that the Federal Reserve faces a "tough choice" with this week’s rate decision. The firm points out that the US economy is experiencing a rare combination of "robust growth alongside weak job growth," which has led to internal disagreements within the Fed on how much policy "insurance" is needed.
Despite the complex situation, Russell Investments still expects the Fed to deliver a 25 basis p

Bloomberg: Median Stock Price of US and Canadian Digital Asset Treasury (DAT) Firms Plunges 43% in 2025
According to a Bloomberg report, 2025 has proven to be an exceptionally brutal year for companies in the US, Canada, and elsewhere that have incorporated digital assets into their corporate treasuries.
These companies, known as “digital asset holding firms,” have seen their median stock prices plunge by 43%, turning what was once a hot market trend into the worst-performing sector of the year.
The trend began when Michael Saylor transformed Strategy into a publicly listed Bitcoin holding gia

Japan’s Financial Services Agency Clarifies Regulatory Stance Through Q&A Revision: Overseas Crypto ETF Derivatives Trading Not Allowed Domestically
On December 9, Japan’s Financial Services Agency (FSA) clarified its regulatory stance through a revised Q&A, indicating that it will be difficult in the short term for Japanese investors to access derivatives (such as Contracts for Difference, CFDs) based on overseas spot cryptocurrency ETFs. The move aims to emphasize the importance of safeguarding investors’ legitimate interests.
The FSA stated that providing such derivatives linked to overseas

BTC spot ETFs saw a total net outflow of $60.48 million yesterday, while Ethereum ETFs recorded a total net inflow of $35.49 million.
On December 9, according to Sosovalue data, US BTC spot ETFs recorded a total net outflow of $60.48 million yesterday, marking the first day of net outflows this week.
Among them, Grayscale (GBTC) topped the list with a net outflow of $44.03 million (486.41 BTC). GBTC has accumulated a total net inflow of $25.09 billion to date.
Next, Fidelity (FBTC) and VanEck (HODL) recorded net outflows of $39.44 million (435.71 BTC) and $5.76 million (63.64 BTC), respectivel

Tether obtains key regulatory approval in Abu Dhabi, providing strategic support for USDT’s global compliance path
On December 9, according to Tether’s official announcement, its issued US dollar stablecoin USDT has obtained a key regulatory license in the Abu Dhabi Global Market (ADGM) in the United Arab Emirates.
Specifically, ADGM has officially recognized USDT as an “Accepted Financial Reference Token” (AFRT), granting authorization for its use by financial institutions operating under the market’s regulatory framework.
Currently, the token can legally conduct USDT-related business on nine

Aftermath of U.S. Government Shutdown: October PPI and CPI Data Delayed, Market and Fed Trapped in Decision-Making Blind Spot
On December 9, it was reported that due to the impact of previous funding interruptions and resulting government shutdowns, the latest schedule released by the U.S. Bureau of Labor Statistics shows that the Producer Price Index (PPI) report for October 2025 will not be released as originally planned.
According to the latest arrangement, the October data will be postponed until January 14, 2026, and will be released together with the also-delayed PPI report for November

Institutional Sentiment Warming Up? Global Digital Asset ETPs Saw $716 Million Net Inflows Last Week
According to the CoinShares weekly report, as institutional investor sentiment improves, global digital asset ETPs recorded $716 million in net inflows last week, marking the second consecutive week of positive flows.
Driven by this, the total assets under management (AUM) of global digital asset ETPs have rebounded to $180.6 billion, up 7.9% from the November low, though still significantly below the all-time peak of $264 billion.
By region, the US market led with $483 million in inflows, foll

Analyst Warning: Key Technical Support Levels and FOMC Meeting in Sync, Heightened Downside Risk for Bitcoin
According to the latest market analysis, Bitcoin’s price is hovering at a critical technical juncture. Analyst Daan Crypto points out that the current Fibonacci retracement area around 0.382 is a key support level that bulls must defend.
If this line of defense is breached, the market may open up further downside potential, targeting the April lows (around $75,000), at which point the entire bullish market structure will be severely tested.
In fact, the market’s vulnerability has alread

No hope for Korea's crypto ETF launch this year: Policy priorities shift, market now expects 2026
According to Korean media reports on December 8, plans for Korea's financial regulators to approve spot crypto ETF trading within the year have essentially fallen through. This delay is mainly due to the required amendments to the Capital Markets Act not being completed as scheduled, thereby blocking the compliant investment channel the market was anticipating.
It is understood that there are currently four legal amendment bills directly related to the approval of spot crypto ETFs still awaiting p

Last week, both US BTC and ETH ETFs saw net outflows, with total cumulative net outflows exceeding $153 million
According to SoSoValue data, US spot BTC ETFs recorded a net outflow of $87.77 million last week, marking the first weekly net outflow of funds this month.
Among them, ARK 21Shares ARKB saw the largest single-week net outflow last week at $77.86 million. The current cumulative inflow for ARKB stands at $1.75 billion.
Next were BlackRock’s IBIT and Grayscale’s GBTC, which recorded single-week net outflows of $48.99 million and $29.77 million, respectively.
VanEck HODL and Grayscale BT

US Department of Justice Seeks 12-Year Prison Sentence for Terra Founder in $40 Billion Fraud Case
According to the latest court documents, the US Department of Justice is seeking a maximum sentence of 12 years in prison for Terraform Labs co-founder Do Kwon.
This sentencing request is based on a plea agreement reached between both parties in August of this year, when Do Kwon admitted to conspiracy to commit fraud and wire fraud, while prosecutors pledged the sentence would not exceed 12 years. Now, prosecutors are advocating for the maximum penalty in accordance with that agreement.
Prosecuto

From Aggressive Accumulation to Financial Defense: Strategy Is Establishing a $1.44 Billion Cash Reserve as a Bear Market Response
According to the CryptoQuant weekly report, the world’s largest publicly listed Bitcoin holding company, Strategy, is making a significant adjustment to its financial strategy, aiming to build a brand-new “dual reserve” operating model.
The core of this model is to establish an independent cash reserve of more than $1.44 billion, while managing its core Bitcoin reserve worth about $59 billion.
The main purpose of building this massive cash reserve is to secure fixe

Bitcoin Attracts $732 Billion in This Cycle, Market Structure Enters New Phase of Low Volatility and Institutionalization
According to the latest report jointly released by Glassnode and Fasanara Digital, Bitcoin attracted a record-breaking $732 billion in new capital inflows during the 2022–2025 market cycle.
This figure not only far exceeds any previous individual cycle but also surpasses the total capital inflow of all previous cycles combined, marking the entry of the market into an unprecedented new phase of scale.
Additionally, the continuous influx of massive funds has fundamentally alt

SEC Chairman Predicts: Cryptocurrency Will Become the New Foundation of Global Finance in the Coming Years
SEC Chairman Paul Atkins recently made a groundbreaking prediction in an interview, stating that Bitcoin and the broader class of crypto assets will become the foundational layer of the global financial system in the next few years, “This will be the direction of world development.”
This statement aligns with the SEC’s recent efforts to upgrade financial infrastructure, with a focus on systematically transitioning the traditional financial system to crypto-native technologies, especially

BTC Spot ETF had a total net inflow of $54.79 million yesterday, but BTC ETF saw a total net outflow of $75.21 million in a single day
On December 6, according to Sosovalue data, the US BTC spot ETF recorded a net inflow of nearly $54.79 million yesterday, marking the third consecutive day of net inflows this week.
Among them, Ark & 21Shares ARKB and Fidelity FBTC recorded net inflows of $42.79 million (478.17 BTC) and $27.29 million (304.92 BTC), respectively, yesterday;
Next were VanEck HODL, Bitwise BITB, and WisdomTree BTCW, which recorded net inflows of $11.39 million (127.26 BTC), $4.86

CryptoQuant: The BTC market has entered a structural adjustment phase, with a persistently high risk of further decline
On December 5, blockchain data analysis firm CryptoQuant released an analytical report stating that the Bitcoin market has entered a deep and potentially prolonged “structural adjustment phase.”
According to the profit and loss ratio chart provided, the current market status is similar to the early bear market stage of the previous cycle (2022-2023), when a similar adjustment lasted nearly a year.
The report reveals the market's grim situation through several key on-chain ind

Nearly $4 Billion in Bitcoin and Ethereum Options Expire Today; Analysts Believe Impact on Spot Market Is Limited
As of 16:00 today, over 36,100 Bitcoin options contracts with a notional value of $3.336 billion are set to expire. However, since the scale of this expiry is relatively small compared to recent levels and the market has stabilized after Monday's sharp volatility, analysts generally believe that the likelihood of this expiry triggering significant unilateral market swings is low.
The relative calm in the market is related to the structure of the contracts themselves. According to D

BTC and ETH Spot ETFs Recorded Net Outflows Yesterday, with Single-Day Total Net Outflows Exceeding $236 Million
On December 5, according to Sosovalue data, US BTC spot ETFs saw a total net outflow of nearly $195 million yesterday, marking a second consecutive day of net outflows. Among the 12 BTC ETFs yesterday, none recorded net inflows.
BlackRock’s IBIT led the net outflows with nearly $113 million (approximately 1,230 BTC), bringing its total net inflow to $62.55 billion to date.
Fidelity’s FBTC followed with a net outflow of $54.2 million (588.01 BTC) yesterday, with its total net inflow