As important employment data in the United States is about to be released, Bitcoin prices are under pressure and declining, with market volatility significantly amplified. Due to macroeconomic uncertainty and the liquidation of high leverage positions, Bitcoin temporarily tested the critical support level of $85,000, triggering large-scale liquidations. Data shows that Bitcoin's price quickly fell from the previous day's high above $89,000, reaching a low of about $85,400, then rebounded slightly to around $85,800, with a single-day decline of approximately 4.2%. From a longer-term perspective, Bitcoin has fallen more than 9% from last week's high and nearly 32% from the year's high, with short-term technical patterns clearly weakening.

Recently, a type of front-end attack targeting cryptocurrency users has been spreading rapidly. According to the cybersecurity non-profit organization Security Alliance (SEAL), hackers are exploiting a newly discovered vulnerability in the open-source front-end JavaScript library React to implant cryptocurrency theft programs into legitimate websites, with a significant increase in related attack cases. React is one of the most mainstream web front-end frameworks currently, widely used to build various websites and web applications. On December 3rd, React's official team disclosed that a serious security vulnerability, numbered CVE-2025-55182, was discovered by white-hat hacker Lachlan Davidson. This vulnerability allows unauthenticated remote code execution, enabling attackers to inject and execute malicious code on the website's front end.

Golden Finance reports that Pakistan's cryptocurrency regulatory authority has stated that the country is integrating Bitcoin into its economic infrastructure and is leveraging its 20GW energy surplus to carry out Bitcoin mining and AI-related businesses. It also predicts that emerging markets will lead the next wave of cryptocurrency adoption.

Federal Reserve Chairman Powell stated that artificial intelligence is having some impact on employment in the United States, but it is not the main cause. He expressed concern that the current AI wave could be more detrimental to the labor market than previous technological revolutions, potentially leading to an imbalance in job numbers, and that the tools to address these impacts are still insufficient.

Foresight News现场报道，Galaxy创始人兼首席执行官Mike Novogratz在Solana Breakpoint大会上表示，随着监管逐步明朗，行业已进入「必须真正构建用户会用的产品」的阶段。他指出，加密资产价值由社区与实际增长共同驱动，叙事必须由真实使用与创新支撑。Solana具备高速性能，被视为「为资本市场而生」的链，Galaxy与Jump合作也是基于其在高频基础设施方面的能力。Mike Novogratz表示，「加密市场今年走势反复，但我个人仍持乐观立场。就在今年，Galaxy的一位客户完成了价值90亿美元的比特币抛售交易，早期入场的投资者在

ZCash (ZEC) exploded strongly after its launch on an exchange on December 3, rising 30.8% in a short period of time, rising from $312.8 to $409.2, successfully breaking through the psychological mark of $400. The market generally believes that this wave of rise is driven by "synergy", but for traders, the profit margins from volatility are the key. According to the latest analysis, $360 is seen as a significant support level, which has now been successfully held, setting the stage for further gains. With $400 breached, ZEC's next key target is $480, and the technical structure is gradually moving in this direction.

PANews, December 9—According to CoinDesk, Shielded Labs has put forward a new proposal to establish a dynamic fee market for Zcash, aiming to address rising transaction costs and network congestion. The proposal suggests abandoning Zcash’s longstanding static fee model—initially set at 10,000 “zatoshi,” later reduced to 1,000. While this model worked under low demand, it eventually led to a “sandblasting” spam transaction wave, resulting in wallet congestion and on-chain transaction blockage. Previously, the ZIP-317 proposal adopted an operation-based accounting method, which solved the abuse problem, but fees remained predictable and low, unable to adjust based on usage. The latest proposal introduces a simple, stateless dynamic fee design built around “comparables,” observing the past 50 blocks

The digital asset ETP market recorded $716 million in inflows last week, indicating a significant improvement in investor risk appetite. Total assets under management (AUM) rose to $180 billion, rebounding 7.9% from the November low. Although the overall scale remains below the historical peak of $264 billion, net inflows have been maintained for two consecutive weeks, reflecting a gradual recovery in market confidence. In terms of regional distribution, the United States continues to lead, attracting $483 million in inflows. Germany and Canada follow closely, recording $96.9 million and $80.7 million respectively. This indicates that the current wave of capital inflows is spreading globally rather than being driven by a single region.

Entrée Capital has officially announced the launch of a new $300 million fund, focusing on investments in AI Agents, Decentralized Physical Infrastructure Networks (DePIN), and regulated Web3 infrastructure. This move marks an acceleration of institutional capital flowing into blockchain systems capable of deeply integrating with modern technology stacks, especially as AI and crypto-native infrastructure rapidly converge. According to Entrée Capital, the fund will focus on investing in projects from the seed to Series A stages, targeting entrepreneurial teams driving the mainstream adoption of blockchain infrastructure. Key areas include AI agents capable of autonomous asset management within crypto strategy frameworks, as well as DePIN networks that coordinate, finance, and operate real-world infrastructure through token incentive mechanisms. These areas are seen as core technologies driving the next wave of large-scale adoption.

According to the latest liquidation map data, if the price of Bitcoin rises to $96,900, approximately $9.6 billion in short positions will face liquidation risk. This means that once the market experiences a strong rebound, it could trigger a large-scale short position closing wave, further amplifying price fluctuations. As of the time of writing, Bitcoin is priced at approximately $86,583, having slightly rebounded after earlier dropping below $84,000. The recent increase in Bitcoin's fluctuation is closely related to the rising leverage usage in the derivatives market. More and more traders are betting on price direction in a high-leverage environment, making the market more sensitive to short-term fluctuations.

Arca's Chief Investment Officer Jeff Dorman stated that the current big dump in the crypto assets market is "the strangest selling wave in history." Despite multiple favourable information factors, the market still lacks buying power, native investors are exhausted, and new funds have failed to get on board, leading to a continuous fall in prices.

Odaily News HaLLu announced on the X platform that it is currently in deep communication with several leading encryption funds, focusing on the underlying chain tools and infrastructure behind the new wave of Meme frenzy, and exploring potential cooperation opportunities. More follow-up progress will be announced through official channels and partner media.

Crypto analyst Michaël van de Poppe pointed out that the fall of Bitcoin at the beginning of December is a normal adjustment in the market consolidation, rather than a trend weakness. This wave of decline is mainly influenced by algorithmic trading, lack of liquidity, and the testing of key resistance levels. Van de Poppe stated that the price fluctuations in early December are in line with historical patterns. With the automation trading systems resetting, short-term selling pressure has emerged, especially in the case of weak liquidity, where even moderate sell orders could trigger a price fall. The weakening market liquidity is related to the previous large-scale sell-off, during which many market makers reduced trading activities, resulting in the current market being more sensitive to selling pressure.

XRP price fell to $2 on Monday, sparking traders' interest in the upcoming Spot XRP ETF. In the overall dumping wave of the Crypto Assets market, XRP's decline surpassed that of Ethereum and BNB, primarily influenced by the liquidation of leveraged positions and ETF expectations. Data shows a significant outflow of funds from the sector in the past 12 hours, indicating clear short-term selling pressure. Market analysts point out that this decline was not triggered by any new fundamental events, but rather typical leverage liquidation and "news dumping" effects. Traders view the Spot XRP ETF as a potential bearish factor, similar to the market reaction when Canary Capital and Bitwise launched their products. Historical experience shows that the initial listing of an ETF is often accompanied by short-term price fluctuations, followed by a possible correction.

The crypto assets market experienced its worst falling trend since February at the close of November. The volume on centralized exchanges (CEX) plummeted to $1.59 trillion, a 26.7% month-on-month decline, while Bitcoin ETF recorded a net outflow of $3.48 billion in a single month - the worst performance since February. The price of Bitcoin fell below $86,000 on Monday, plunging 6% during the Asian session, with a cumulative decline of 32% from the October high, triggering over $600 million in liquidations. BTC ($188.5 million) and ETH ($139.6 million) bulls were the hardest hit, and market panic spread.

PANews, December 1st news, cryptocurrency analyst Willy Woo released a comparison chart of bank runs. Tether (USDT) experienced a redemption wave of about 20-25% in 2022 and still fully paid out, outperforming traditional banks like Silicon Valley Bank (25%) and First Republic Bank (57%). Woo pointed out that 77% of Tether's current assets are in cash equivalents, with the rest in gold and Bitcoin, totaling an over-collateralization of 3%. Even if volatile assets fall by 30% in extreme market conditions, USDT still has 95% asset backing.

PANews, November 28 news, according to The Fintech Times, Aishwary Gupta, Global Head of Polygon Payments and Real World Assets, predicts that with the shift in the global financial landscape, stablecoins will usher in a "Supercycle," with the number of issuers potentially skyrocketing to over 100,000 in the next five years. He believes this wave will force traditional banks to fundamentally restructure their capital management practices to avoid being marginalized.

Golden Finance reports that the head of digital assets at Franklin Templeton expects a series of diversified crypto portfolio ETFs to emerge following this wave of single asset ETFs. The company launched the XRP ETF this week. Bloomberg predicts that over 100 new crypto asset ETFs will be launched in the next six months.

The encryption market maker Portofino Technologies is facing a wave of executive departures, with Chief Revenue Officer Melchior de Villeneuve and several other employees resigning one after another. The company has not responded to this matter, and the reasons for the departures involve personal privacy.

BlockBeats news, on November 25, Websea announced the official launch of the "Surfing Together Win-Win Program" global public beta test, upgrading the user invitation incentive mechanism. Participants can earn up to 45% rebate through inviting friends and their own trading volume, and can receive additional income bonuses while holding the platform token WBS. The platform also starts the global recruitment of "Surfing Recommend Officials", open to all users without the need for community foundation. Selected participants will receive platform resources, event support, and related rights. Websea stated that this upgrade aims to optimize the user incentive system and promote more users to participate in the platform's ecological construction.

BlockBeats news, on November 24, wealth management company Swissblock stated that current risk aversion signals have sharply declined, and selling pressure has eased, indicating that the worst of the dumping phase may be temporarily over. If risk aversion sentiment is used as a bottom warning indicator, the coming week will be crucial. Investors need to see the selling pressure continue to weaken. Generally, the second wave of dumping (with less intensity than the first wave and prices maintaining at previous lows) will become one of the most reliable bottom signals. The second wave usually marks the exhaustion of sellers, with control returning to long positions.

SoSoValue data shows that last week, the trading volume of 11 spot Bitcoin ETFs listed in the United States reached a historic high, with a total trading amount exceeding $40.32 billion, which may indicate a wave of dumping by institutional investors. Among them, BlackRock's IBIT led with a trading volume of $27.79 billion, accounting for nearly 70% of the total trading volume. On just last Friday, the trading volume of these funds exceeded $11.01 billion, with BlackRock's IBIT contributing $8 billion. The record trading activity was accompanied by a sharp drop in Bitcoin prices and large-scale redemptions, indicating that institutional investors are rushing to sell.

Foresight News reports that, according to glassnode analysis, the realized losses of BTC holders have reached the highest level since the FTX crash, with short-term holders being the main drivers of this dumping wave. The scale and speed of these losses reflect that, as recent buyers close positions during the fall, marginal demand has significantly decreased.

BlockBeats news, on November 20, according to CNBC reports, Bitwise CEO Hunter Horsley stated, "The encryption world is going to see an ETF feast. I believe there will be more than 100 products launched. We will see a large number of single-asset encryption trading platform products (ETPs). However, what excites me the most is the rise of index-based encryption ETPs." Despite the challenging market, he still believes that index ETPs will be one of the most important stories in the encryption field next year and will ultimately become one of the largest categories of interest for investors. Hougan added, "This industry will be ten times larger in the future than it is now." Bitwise launched on October 28.

BlockBeats news, on November 19, QCP released its daily market observation stating that this week, Bitcoin continued to fall, briefly dropping below the key $90,000 level, due to tightening market expectations for interest rate hikes and ongoing ETF outflows that dampened market sentiment. The thin liquidity further amplified this wave of declines, showing that Bitcoin has become increasingly sensitive to changes in the macro environment. This pullback occurred against the backdrop of the Fed's expectations being rapidly repriced — the market shifted from a nearly certain December rate cut to a roughly balanced probability. This puts pressure on interest rate-sensitive assets like Bitcoin, while the stock market remained relatively stable due to robust corporate earnings reports, particularly from large tech companies (hyperscalers) reporting strong profits and record AI-driven capital expenditures. As the U.S. government reopens and official data is released, it provides the market with essential insights into the momentum of economic fundamentals.

Independent analyst Markus Thielen pointed out that the current Crypto Assets market is experiencing deleveraging, with Ethereum's open contracts halving, indicating a rapid contraction of leveraged funds. Bitcoin is approaching the 93,000 USD support level, and short-term Liquidity may weaken. Investors need to follow the concentration of ETF Holdings to prevent liquidity pressure from a new wave of reduce position demands.

The global ETF issuance continues to rise, increasing by 19% year-on-year in October, reaching a record of 137, with a total of 918, surpassing last year's total record. The increase in Crypto Assets ETFs is significant, with expectations to exceed 1,100 by 2025, ushering in a wave of issuance.

WisdomTree's Head of Digital Assets Will Peck expects that an ETF holding a diversified portfolio of Crypto Assets will fill a market gap and become a new wave of investment. This portfolio can drop the risk of individual Tokens, making it easier for new investors to enter the field of encryption.

The number of Ethereum validators has decreased by approximately 10% since July, marking the first sustained decline, with daily active validators dropping below 1 million. The main reasons are the decline in staking yields and increased exit waiting times, while large-scale withdrawals by liquid staking providers like Lido have also exacerbated this trend.

Wintermute stated that the market has become more balanced after intense volatility. Cryptocurrency performance remains poor, but there are signs of venture capital returning. The DePIN, L2, and AI sectors rebounded, though market breadth is limited. Mainstream cryptocurrencies like Bitcoin need to lead the rebound but have not yet triggered it. The market structure is clear, and the macro environment is favorable. The next wave of volatility may stem from policy and political factors.

CryptoQuant indicates that the stablecoin supply ratio has dropped to a historic low, suggesting a large amount of capital is waiting to enter the market. Meanwhile, Binance's Bitcoin reserves have decreased while stablecoins have increased, signaling that liquidity patterns could potentially drive a Bitcoin price rebound. Analysts warn to watch key support levels to prevent a price correction.

Banmu Xiao pointed out that Bitcoin has been in a sideways pattern since August. The current Wave C may be the final wedge, and there is a high risk-reward shorting opportunity between $108,500 and $110,000. If it drops to $95,000, a Y-wave rebound could begin, with a target of over 0.7 for a long opportunity.

On November 5, Jin10 reported that the market capitalization of global chip manufacturers has sharply declined, as investors' concerns over the high valuations of tech stocks deepen. The selling wave led to a combined evaporation of about $500 billion in market capitalization for the Philadelphia Semiconductor Index on Tuesday and the index tracking Asian chip stocks on Wednesday. This big dump highlights that the rise of semiconductor stocks driven by the AI boom has been excessively overdrawn. Since the low point in April, as investors bet on a surge in AI computing demand, the market capitalization of chip manufacturers has increased by several trillion dollars. However, the current pullback reflects the market's growing concerns about the industry’s earnings prospects and excessively high valuations, especially against the backdrop of interest rates potentially being 'higher for longer.' Chris Weston, the research director at Pepperstone Group, stated: 'The entire market is a 'sea of blood,' presenting a gloomy and dull risk landscape. We must keep an open mind and acknowledge that this adjustment may further expand. Currently, there is almost no reason to buy.'

Odaily News The encryption trader Eugene stated in a post that he has established a long order position in ETH near the BTC low on October 11, and called the current situation the "last defense line" for long positions. He pointed out that the market sentiment is overly bearish, with the "short" voices dominating in chat rooms and social platforms, and he expects a wave of short squeeze to come next.

BlockBeats news, on October 31, the Nvidia Autumn GTC conference and the meeting between the Chinese and US presidents have become two major turning points in the global economy. Nvidia announced future performance guidance, expecting the Blackwell chip annual revenue to exceed 500 billion USD, with market capitalization approaching 5 trillion USD, igniting the entire AI industry chain. Meanwhile, expectations for easing China-US relations are rising, and trade agreements may drop tariffs and extend cooperation periods, injecting confidence into the global market. The technological revolution is reshaping wealth distribution, while the internal competition and speculation in the crypto market are causing people to miss real opportunities in this era. BiyaPay reminds investors: under the new cycle of AI and globalization, multi-asset investment is the future trend. The platform supports USDT remittances in USD, EUR, HKD and other currencies, and offers 0 transaction fee digital money Spot contracts, also usable with USDT.

Golden Finance reports that Brazil's largest Bitcoin reserve company, OranjeBTC, has repurchased 99,600 shares of its own stock, costing approximately $220,000 (1.12 million reais), and announced that it will delay additional Bitcoin purchase plans. The company currently holds 3,708 Bitcoins, valued at approximately $409 million. This move aims to narrow the gap between its market price and the net asset value (NAV) of its Bitcoin assets. OranjeBTC has joined a wave of digital asset reserve companies that are supporting stock prices through buybacks, including ETHZilla, Metaplanet, Sequans, and Empery Digital.

Gate News bot message, Gate market shows that since the launch of Alpha, WAVE has pumped 811.18%, current price 0.0009385 USDT.

Gate News bot message, Gate market shows that since the launch of Alpha, WAVE has risen 603.14%, current price 0.0007178 USDT.

According to a report by Jinse Finance, the latest data from Vetle Lunde, research director at K33 Research, shows that the Bitcoin ETF has risen by $26.9 billion year-to-date. However, $28.1 billion of that comes from BlackRock's IBIT product. This means that excluding IBIT, the overall fund flow for Bitcoin ETFs is actually negative. It is worth noting that BlackRock will be absent from the upcoming altcoin ETF market wave. Analysts believe that this situation provides other competitors with the opportunity to secure strong capital flows, but it may also limit the overall capital scale of the altcoin ETF market.

Tom Lee stated in an interview that the deleveraging event on October 11 had a serious impact on the crypto market, but he anticipates that sentiment will improve. Bitcoin and Ethereum contract open interest is low, technical indicators are favorable, and a pump is expected by the end of the year. At the same time, JP Morgan's perspective has also boosted market confidence.