Cardano (ADA) is trading higher today and is the brightest spotlight in the cryptocurrency market. ADA's 8% increase in a single day, accompanied by a 72% surge in trading volume, successfully led to a recovery in overall altcoin sentiment and injected new liquidity and confidence into the market. As ADA's price gains momentum, traders and investors are turning their attention to Cardano, propelling it into the current dominant force in the market. This rally is driven by multiple factors, including Cardano's steady progress in technology development, improved overall market sentiment, and strong demand from traders for high-momentum assets following recent consolidation. Cardano is more attractive in a highly volatile market environment with a clear direction and good fundamentals, making it one of the top choices for traders when chasing clear trends.

Pi Network Alerts has released a detailed explanation outlining the distinctions between the Pi Open Network and the upcoming Pi Open Mainnet, as the ecosystem moves through an important transition phase. With integrations increasing and expectations for full decentralization growing, the clarification helps users understand what each phase represents and how the project is evolving.

Santiment's latest on-chain data shows that the Ethereum market has seen a clear position divergence in the past three weeks: whales and medium-sized holders have increased their holdings by a total of 934,240 ETH, while retail investors have sold a net of 1,041 ETH during the same period. This structural difference is reshaping ETH's supply and demand landscape and driving a gradual price recovery. The data shows that the number of addresses holding 100 to 100,000 ETH has continued to increase since early December, and the cumulative trend of this group coincides with the decline in ETH volatility, the slowdown in decline, and the rebound. The Ethereum price subsequently rose as a large number of buying orders entered the market, indicating that the actions of large holders are clearly supporting the price.

According to GMGN monitoring, the market capitalization of the meme coin GBACK has exceeded $10 million and is now trading at $9.42 million, up 200% in 24 hours. Other meme coins such as PIPPIN, 67, FKH, and SPARK have also risen by more than 70%. BlockBeats warns investors about the risks of trading meme coins.

Avalanche blockchain developer Ava Labs, the Blockchain Association, and the Digital Chamber of Commerce recently held a key meeting with the U.S. Securities and Exchange Commission's (SEC) Cryptocurrency Working Group to discuss the direction of U.S. regulation of protocol tokens and crypto assets. The meeting also included legal experts from Sidley Austin LLP, focusing on how the SEC and the Commodity Futures Trading Commission (CFTC) are aligning regulations. According to the memorandum issued by the SEC, the meeting focused on optimizing the regulatory structure for cryptocurrencies, enhancing industry transparency, and clarifying the regulatory ownership of protocol tokens across different lifecycles. The "two-phase regulatory framework" proposed by Ava Labs and Sidley Austin was one of the centers of the discussion. The proposal suggests: the first sale of protocol tokens before the launch is regulated by the SEC and treated as an investment contract; After the token is launched, it will be regulated by the CFTC and treated as a commodity. This initiative aims to provide a clearer and more enforceable regulatory environment for protocol tokens without relying on new legislation.

ChainCatcher 消息，10x Research 在社交媒体上发文表示，比特币的主导地位正在下滑，而新鲜流动性正重返市场，这一拐点在历史上往往预示着山寨币将接棒领涨。模型持续显示近三个月的 BTC 偏好后，最新信号指向市场表现格局可能出现转变。稳定币的持续流入正在悄然重建风险偏好的资金基础，尽管交易量仍低于周期峰值水平。部分代币的反弹是由现货驱动而非杠杆驱动，这表明本轮轮动相比之前的虚假启动更为健康。与此同时，永续合约交易活跃的平台持续表现滞后，暗示过度扩张的仓位正在这些地方进行平仓。如果这次转向是真实的，那么表现最强的可能不是那些呼声最高的概念，而是那些已在暗处默默吸筹的资产。

Golden Finance reported that Peter Mintzberg, CEO of digital asset management company Grayscale, posted on the X platform that since Grayscale Ethereum Trust (ETHE) and Ethereum Mini Trust (ETH) support staking rewards, about $11.8 million worth of ETH staking rewards have been generated for investors in less than 60 days, and they are also the two best-performing ETF products in the US ETF market so far.

Zcash (ZEC) is trying to recover lost ground after the November plunge. After experiencing a significant decline of over 55%, ZEC has recently rebounded by approximately 40%, and market sentiment has recovered, but the full recovery still faces multiple uncertainties. In terms of technical indicators, the RSI has broken above the 50 neutral range for the first time in two weeks, indicating increased buying power and a short-term bullish bias is forming. In general, the RSI's return to positive range is often seen as an early signal of a trend reversal, but this does not mean that ZEC has established itself in an upward trend. The macro market remains highly sensitive to risk assets, and the slightest movement could weaken ZEC's new vitality, so sustained buying is key to short-term gains.

At a time when market activity is slowing down, the SUI ecosystem has ushered in a favorable critical infrastructure. SUI officially announced that ZenLedger has been integrated into the network to provide users with automated tax processing, accounting tools, and audit compliance processes. The service covers more than 300 exchanges and 40 blockchains, making it one of the most comprehensive financial reporting solutions for current SUI users. This move targets the complex tax filing problem that has long plagued crypto traders, laying the foundation for SUI to attract a wider range of retail and institutional investors. Despite the positive progress in ecological construction, short-term data presents mixed signals. SUI's total DeFi value locked has decreased slightly by 1% in the past 24 hours, maintaining at $923 million, indicating stable funds but not expanding. The scale of lock-up is still considerable, which strengthens the confidence of long-term holders, but the incremental funds of the overall ecosystem have not yet returned.

The American Federation of Teachers (AFT) has formally submitted a petition to the U.S. Senate to withdraw the latest version of the Responsible Financial Innovation Act, citing the "serious risks" it could pose to the pension system, the wealth of working families and the economy as a whole. AFT represents 1.8 million members, and this voice is seen as one of the most direct voices against the impact of crypto legislation in the US public sector. AFT Chairman Randi Weingarten pointed out in the letter that the proposal does not establish the regulatory protections needed to deal with the risks of crypto assets and stablecoins, but may expose pension portfolios that are not currently involved in crypto assets at all to market volatility and regulatory loopholes. She emphasized that once pension and 401(k) plans gain exposure to tokenized assets with inadequate regulation, it could pose a threat to the long-term financial security of retirees.

The Indian government is enhancing cryptocurrency enforcement training to address the complexities of crypto financial crimes, covering multiple agencies, focusing on technologies such as blockchain forensics and asset seizure, aiming to enhance the capabilities of law enforcement officers in dealing with virtual digital asset crimes.

Bitwise announced that its $1.25 billion Bitwise 10 Crypto Index Fund has been officially approved by the U.S. Securities and Exchange Commission (SEC) to upgrade from an over-the-counter (OTC) to a regulated exchange-traded product (ETP) and has begun trading on NYSE Arca. This move marks a further step towards mainstream financial markets for U.S. crypto asset index products, which is expected to attract more institutional investors to participate. The Bitwise 10 Crypto Index Fund is the second fully regulated multi-asset crypto ETP in the United States, having previously been listed by Grayscale in 2024. The fund has been operating as an OTC product since its launch in 2020, and this upgrade will significantly enhance market accessibility, enabling financial advisors, retirement platforms, and institutional investors to allocate crypto assets within the framework of traditional exchanges.

HumidiFi (WET) has become the brightest token in the crypto market today, with its price skyrocketing by more than 100% in the past 24 hours, attracting great attention from the community. The project is based on Solana, and the token quickly rose to the top of the CoinGecko hot list after its listing, with a 24-hour increase of 104.5% and is now trading at $0.25, with a market capitalization of more than $50 million, a daily trading volume of more than $150 million, and about 80% of trader sentiment is bullish. HumidiFi is an important decentralized trading protocol in the Solana ecosystem, known as the largest spot DEX market maker on Solana, with a daily trading volume of over $1 billion, accounting for 35% of Solana's overall spot DEX trading volume. Its native token, WAIT, is the first project to launch through the Jupiter Decentralized Token Offering (DTF) platform.

According to Gate News Bot news, on December 10, according to CoinMarketCap, as of press time, XAI (Xai) is currently trading at $0.02, up 13.48% in 24 hours, with a 24-hour trading volume of $24.2 million. The current market capitalization is approximately $35.4 million, an increase of $4.2 million from yesterday. Xai is a Layer 3 gaming blockchain network built on Arbitrum, dedicated to bringing the scale capabilities of Steam and Epic Games to Web3 games. The platform provides core technical tools such as Network, Connect, and Builder to help developers easily deploy on-chain game assets. The Xai ecosystem has now gathered a number of innovative games such as Planet X, Riftstorm, and My Angry Yakuza Girlfriend, and has set up a $100 million game incentive fund to support developers. Additionally, the platform launched the Vanguard League competitive league, offering exclusive rewards to players who earn elite achievements in deploying games on the Xai chain.

Golden Finance reported that Polygon has officially activated its latest network upgrade, the Madhugiri hard fork, which aims to accelerate on-chain processing efficiency through performance optimization. This upgrade reduces block time delays from 2 seconds to 1 second, resulting in faster transaction confirmations and an expected increase of approximately 33% in overall throughput. Madhugiri integrates several optimizations previously developed for the Ethereum Fusaka upgrade, including enhancements to gas measurement methods and execution processes, enabling the network to better handle higher computational loads. At the same time, the hard fork also introduces a new transaction type to further optimize the cross-chain interaction structure between Polygon and Ethereum.

The International Monetary Fund (IMF) pointed out in its latest "Understanding Stablecoins" report that stablecoins pegged to the US dollar may cause currency substitution and capital outflow risks in vulnerable emerging markets, weakening local currency stability. However, several experts say that the current stablecoin market size is still not enough to have a significant impact on the global macroeconomy. The report highlights that stablecoins may bypass traditional financial intermediaries, thereby circumventing capital flow management measures (CFMs), making it easier for funds to move across borders during periods of market panic and accelerating currency depreciation. The combined market value of mainstream stablecoins such as USDT and USDC has reached $264 billion, which is close to France's foreign exchange reserves and surpasses that of many countries such as the United Kingdom, Israel, and the United Arab Emirates. However, these "dollar equivalents" are more used in cryptocurrency trading than in real-world money management or circumventing regulations.

Solana (SOL) price is approaching the key resistance level of $140, and several on-chain and derivatives indicators suggest that it may be in a "deep cycle reset" phase, signaling a potential strong rally. On December 10, SOL was trading at $138, up 5% in 24 hours, but still down 17% over the past month. Over the past week, the price has traded sideways between $128 and $145, but it has been accompanied by a significant increase in volume. Yesterday's trading volume reached $6.97 billion, a year-on-year increase of 34%, indicating a rise in interest in the spot and futures markets. According to CoinGlass data, Solana derivatives volume increased by 23% to $18 billion, and open interest (OI) rose to $7.25 billion. An increase in OI during a sideways price movement usually means that traders are accumulating positions to lay out in advance for potential trend reversals.

Digital asset market maker Wintermute released a report stating that the current cryptocurrency market is undergoing deep consolidation, with liquidity recycling being the core driver. Funds are withdrawn from high-risk assets, concentrated in Bitcoin and Ethereum, and investors tend to "take risks at the right time."

Hyperliquid (HYPE) has recently seen large whale buying, with the two major wallets investing a total of more than $4.2 million, breaking the current bearish sentiment with strong capital inflows. These large holders are not only actively adding to their positions at the current price but also retaining large USDC reserves, hinting at the possibility of continued buying in the future. However, retail investors remain cautious, leaving the market divided between confidence and hesitation. Despite strong inflows, HYPE's technical structure remains weak. The price continues to move along a narrow descending channel, forming lower highs and lows. $35.48 emerged as a key resistance level that failed to break through multiple attempts. The MACD maintains a bearish stance with the line below the signal line and the momentum bar continues to be weak. The RSI is close to 34, which also indicates that sellers are dominant. However, the price is approaching a psychological support zone that has seen multiple rallies in history and could be a key area for bulls to watch in the short term.

PANews reported on December 10 that according to Nansen monitoring, Wintermute achieved a realized profit of $1.17 million in the past 7 days, ranking first in the Smart Money profit list. It was followed by IOSG Ventures, with a profit of $847,000. In addition, Longling Capital and Spartan

According to Lookonchain monitoring, trader 0xa7b5 paid a fee of 6.8 BNB (about $6,074) and spent 44.8 BNB (about $40,079) to buy 2.55 million DOYR, and then sold it for 32.12 BNB (about $28,734), with a total loss of $17,400. At the same time, trader 0x8A70 only paid a fee of 0.794 BNB (approximately $709), successfully spent 239 BNB (approximately $213,820) to purchase 28.8 million DOYR, and then sold it for 2.825 BNB (approximately $252,000), making a profit of $38,000 and a yield of 15%. Ironically,

Aave Labs has officially submitted a governance proposal, planning to deploy Aave V0 on Day 3 of the MegaETH mainnet launch to lock in early liquidity and meet strong lending demand. The proposal, released on December 8, restarted previous discussions about MegaETH deployment and updated the provisions with the participation of risk service providers. Aave said that MegaETH is completing the construction of key infrastructure such as oracles, and as the mainnet approaches, the team believes that V3 should be deployed as soon as it goes live to convert early network activity into protocol use. The first-mover advantage will help Aave prioritize attracting lending and asset supply demand before liquidity is dispersed across multiple protocols.

According to BlockBeats news, on December 10th, crypto market analysis agency Santiment published an article stating that Bitcoin rebounded today and once returned to the $94,600 mark, which reignited the enthusiasm of traders, causing them to follow the trend and buy in anticipation of further price increases due to fear of shorting. According to data scraped from social media such as X, Reddit, Telegram, and others, calls for "bullishness" and "breakout above" have seen explosive growth. Santiment Sentiment Indicator Analysis: · A high blue histogram represents a general call for "bearish" or "below the market" and usually reflects retail panic (FUD) – when prices tend to rise due to retail selling. A high red histogram represents a general call for "bullish" or "breakout above" in the market, usually reflecting retail investors' fear of shorting (FOMO) -

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, HYPER (Hyperlane) is now trading at $0.16, up 20.35% in 24 hours, reaching a high of $0.18 and a low of $0.13, with a 24-hour trading volume of $8.49 million. The current market capitalization is approximately $32 million, an increase of $5.41 million from yesterday. Hyperlane is an open blockchain interoperability framework that provides developers with production-ready infrastructure to pass arbitrary data across hundreds of chains and virtual machines. The protocol supports 7 virtual machines (including EVM, Solana VM, Cosmos SDK, etc.), covers more than 130 public chains, and has securely verified more than $1 billion in cross-chain asset transfers. Hyperlane adopts modular,

Michael Saylor recently proposed a financial reform plan for the Middle East at the Bitcoin MENA conference, with the core concept of creating a "zero-volatility, high-yield digital bank account" supported by Bitcoin to attract huge low-yield capital around the world. He pointed out that institutional funds in Japan, Europe, Switzerland and other regions have been trapped in a low-interest rate environment for a long time and lack significant returns, which is an opportunity for Bitcoin to become a new type of financial infrastructure. Rather than attracting funds from the crypto community, Saylor proposed a design goal to restructure the global sovereign bond and corporate bond markets of $20 trillion to $50 trillion. He emphasized that current investors are forced to choose high-risk credit products simply because traditional bank accounts cannot provide sufficient yields. The solution he proposed is for regulated banks to launch digital accounts with 8% yields, backed by Bitcoin, making them global capital hubs in the new era.

Shannon Saccoci, chief investment officer at Neuberger Berman, said that despite fluctuating expectations for the Fed's interest rate cuts, interest rates will eventually fall, accelerating the U.S. economy and providing upside for risk assets.

Matrixport released a report stating that Bitcoin's implied volatility continues to decline, and the likelihood of an upside breakout at the end of the year has decreased. Volatility is expected to continue to decline after the FOMC meeting, and the market may return to range-bound with a lack of new ETF inflows to drive momentum.

In 2025, the cryptocurrency market will usher in a structural turning point: institutional investors have become the absolute main force, while retail investors have cooled significantly. Aishwary Gupta, global head of payments and real assets at Polygon Labs, pointed out in a recent interview that institutional funds now account for about 95% of the overall inflow of cryptocurrencies, and the proportion of retail investors is only 5%-6%, and market dominance has changed significantly. He explained that the institutional pivot is not driven by emotions, but is a natural result of the maturation of infrastructure. Asset management giants, including BlackRock, Apollo, and Hamilton Lane, are allocating 1%-2% of their portfolios to digital assets, accelerating their layout through ETFs and on-chain tokenization products. Gupta cited Polygon's cooperation cases as examples, including JPMorgan Chase's testing of DeFi transactions under the supervision of the Monetary Authority of Singapore, Ondo's tokenized treasury bond project, and AMINA Bank's regulated staking, all of which show that public chains have been able to meet the compliance and auditing needs of traditional finance.

November could be a key turning point for the NFT market. The latest data shows that NFT sales fell to $320 million last month, the lowest level since 2025, with hundreds of millions of dollars in market value evaporated and overall demand in the industry continuing to shrink. Although NFT reached a double peak of culture and market in 2021, it is difficult to reproduce the market popularity today. According to CryptoSlam data, total NFT sales in November almost halved, down sharply from $629 million in October and close to a low of $312 million in September. The brief recovery in the previous autumn was completely smoothed out, and the market fell into a deep downturn again. The weak trend continued in December, with CoinMarketCap showing just $62 million in sales in the first seven days of December, the slowest weekly performance of the year.

According to Gate News bot news, the Gate market shows that since the launch of Alpha, DOYR has risen by 342.55% and is currently priced at 0.0029399 USDT.

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, TRUMP (OFFICIAL TRUMP) is now trading at $5.88, up 3.94% in 24 hours, reaching a high of $6.12 and a low of $5.61, with a 24-hour trading volume of $336 million. The current market capitalization is about $1.176 billion, an increase of $44.6 million from yesterday. TRUMP is an officially recognized Trump-themed token designed to express support for Trump's spirit and philosophy. The token is based on the two blockchains of Solana and TRON, with an initial supply of 200 million coins\$TRUMP and will grow to 1 billion tokens within three years. Users can make convenient purchases through the Moonshot platform using various payment methods such as Visa, MasterCard, Apple Pay, etc., as well as trade through DEXs such as Raydium. The official statement clearly states that the TRUMP token is a cultural expression product and is not an investment product or security.

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, PENGU (Pudgy Penguins) is now trading at $0.01, up 9.70% in 24 hours, reaching a high of $0.01 and a low of $0.01, with a 24-hour trading volume of $316 million. The current market capitalization is about $785 million, an increase of $69 million from yesterday. PENGU is the social currency of the Pudgy Penguins ecosystem, symbolizing community, culture, and positive values. PENGU allows the expanding Pudgy Penguin fan base and hundreds of millions of non-crypto people who reach and share Pudgy Penguin to The Huddle community. As a global cultural phenomenon, Pudgy Pengu

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, PORTAL (Portal) is currently trading at $0.02, up 13.62% in 24 hours, and the current market value is about $12.4 million, an increase of $1.49 million from yesterday. Portal is a universal liquidity network that connects developers with users around the world. As the universal liquidity layer of Web3, Portal has created the "Hyperway" - Web3's superhighway, enabling the seamless flow of users, liquidity, and attention, eliminating the fragmentation problem of Web3. The Portal ecosystem includes products such as Portal Wallet, Portal Hub, and Portal Pay, providing users with cross-chain liquidity access and a seamless wallet experience. Portal has been launched on Solana and has partnered with top Web3 ecosystem partners such as Sui, Immutable, and Magic Eden to build an interoperable network covering mainstream blockchains.

MANTRA has officially launched the OM token migration process in preparation for the upcoming network upgrade in mid-January. According to the project's latest announcement, OM holders need to migrate their tokens from the Osmosis network to the MANTRA mainnet to receive the full 4:1 token split rewards after the upgrade. This migration is regarded as a key step in MANTRA's network expansion and performance upgrade, and it is also an important link in the ecosystem to move towards a new stage. To facilitate the migration, MANTRA has suspended the trading and circulation of OM on Osmosis to ensure smooth subsequent mapping, settlement, and splitting processes. Users need to transfer their tokens to the mainnet address by themselves, and holders who fail to complete the migration before the upgrade may not receive the full allocation. This means that active migration becomes necessary for all OM holders to protect their rights.

XRP quickly pulled back after briefly touching the $2.12–$2.17 range, showing clear selling pressure. Despite institutional investors driving a nearly 38% surge in volume, the price failed to extend its rally and its overall performance lagged behind the crypto market, highlighting that the supply headwinds behind the rally have not been lifted. XRP rose 0.50% to $2.0925 during Tuesday's session, but weakened by the overall market performance. Notably, the trading volume surged by 37.94% year-on-year and saw a high turnover of 189.7 million tokens during the breakout attempt, which usually means that institutional funds are more inclined to use liquidity windows to reduce positions rather than add to them. This trend of "rising and falling" reflects a typical distribution pattern.

According to BlockBeats news on December 10th, according to Decrypt, Bitcoin's rise on Tuesday led to a general rise in mainstream altcoins, but Solana's fundamentals remain unstable against the backdrop of declining liquidity and increased market uncertainty. On-chain analytics platform Glassnode said Solana's 30-day average realized P&L ratio has been below 1 since mid-November. When the ratio is below 1, it means that the realized loss in the market exceeds the realized profit, indicating that liquidity has shrunk to near bear market levels. On-chain analytics platform Altcoin Vector said, "Solana is in a full-fledged liquidity reset phase, a signal that has often signaled the start of a new liquidity cycle in the past and has caused prices to bottom out in the past. If this trend repeats the pattern of April

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.

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, NIGHT (Midnight) is currently trading at $0.05, down 88.76% in 24 hours, reaching a high of $1.81 and falling back to $0.02, with a current market capitalization of about $840 million. # # NIGHT's recent important news: 1️⃣ **Gate World Premiere and Launchpool Detonate Market Demand** NIGHT will launch spot trading for the first time on Gate at 18:00 on December 9, simultaneously opening the 344th Launchpool. Users can stake ETH, GUSD, or NIGHT to participate in mining, sharing a total of 1.25 million NIGHT tokens. The Launchpool runs from December 9th at 20:00 to December

Andrew Tate recently posted on social platforms, questioning MicroStrategy's purchase of about 10,000 Bitcoins but failing to drive the price up, a statement that quickly sparked heated discussions in the Bitcoin community. Despite the staggering size of this nearly $1 billion purchase, the Bitcoin price remained in the $88,000 to $92,000 range before and after the announcement, with little market reaction. The discussion focused on a key question: Why didn't such a huge buying order drive spot prices? Industry insiders pointed out that the core reason is that micro strategies usually do not execute buy orders through the open market, but rely on over-the-counter (OTC) to complete large orders. OTC platforms privately match buyers and sellers to complete huge transactions off-chain, avoiding impact on the order book and leaving no traces on the price chart.

Dogecoin (DOGE) experienced a breakout rally, driven by Ethereum's strength and active institutional trading, rising from $0.1406 to an intraday high of $0.1532 and eventually closing near $0.1473. Despite the modest gain, the strength of the breakthrough has attracted significant attention in the market, especially against the backdrop of continuous net outflows of on-chain funds, DOGE still recorded a significant technical breakthrough. The most notable signal of the day occurred between 15:00 and 17:00 GMT, with DOGE trading volume surging 312% compared to the usual day, exhibiting typical institutional or algorithmic buying characteristics rather than regular retail push. Meanwhile, on-chain data showed that despite a net outflow of approximately $4.81 million, active addresses surged to 67,511, the second-highest in three months, indicating a divergence between network usage activity and capital flows, suggesting that the bottom funds may be quietly accumulating.

During the US trading session on Tuesday, the price of Bitcoin rose sharply from about $91,000 to more than $94,000 in two hours, an unusual trend that attracted strong attention from the market. The lack of clear positive news has led some traders to point out that this is "textbook manipulation", while others believe there are real macro catalysts behind it. Multiple on-chain analysts noted a rare period of large-scale concentrated buying during the price surge. DeFiTracer data shows that market maker Wintermute bought about $68 million in Bitcoin within an hour, while simultaneous buying orders from multiple major exchanges were also seen as a "synergistic push" by some researchers. Trader NoLimitGains noted that this rally is characterized by typical manipulation: extremely thin order books, large market orders pouring in in a short period of time, and a lack of subsequent structured buying. He believes that "a real bull market builds structure, and artificial push only leaves traps."

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, WET (Humidifi) is now trading at $0.24, up 117.69% in 24 hours, reaching a high of $0.25, falling back to $0.11, and a 24-hour trading volume of $191 million. The current market capitalization is about $56.1 million, an increase of $3.03 million from yesterday. HumidiFi is a trading leaderboard platform based on the Solana chain, incentivizing user trading activities through a leaderboard mechanism and achievement system, providing DeFi users with transparent transaction data tracking and community engagement mechanisms. The platform features a rich system of achievement medals covering multiple levels of trader classifications, aiming to create an interactive trading community ecosystem. # WET Recent Important News: 1️⃣ **Gate platform

Former derivatives protocol Aevo co-founder Ken Chan's "exit manifesto" quickly swept the Asian crypto circle this week. He posted a long post on X saying that he had "wasted eight years" in the crypto industry and bluntly stated that "I am not building a new financial system, I am just building a casino." This remark has sparked widespread resonance and controversy in the Chinese and South Korean communities, with millions of views. Chan's post is not only a professional reflection but also a collapse of personal ideology. He claimed to have been influenced by libertarianism and was enamored with the revolutionary idea of Bitcoin "crossing the border with a billion dollars." However, eight years of industry experience completely disillusioned him. He criticized the Layer 1 capital war for "burning everyone's money", and projects such as Aptos, Sui, Sei, and ICP did not bring real financial innovation, but only "competed to become the next Solana". His conclusion is sharp: "We don't need to build a Mars casino. ”

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, LUNC (Terra Classic) is currently trading at $0.000062, up 17.42% in 24 hours, reaching a high of $0.000080 and a low of $0.000028, with a 24-hour trading volume of $357 million. The current market capitalization is about $341 million, an increase of $50.5 million from yesterday. Terra Classic is an open-source decentralized blockchain built on the Tendermint consensus and Cosmos-SDK. As a derivative of the original Terra network, it now operates independently, maintained by a diverse collection of validators and the most active grassroots community in the crypto ecosystem. The block is finalized in about 6 seconds, and the transaction fee remains insufficient

U.S. Rep. Keith Self (R-Texas) introduced amendments to the National Defense Authorization Act (NDAA) on Tuesday, which aims to prohibit the Federal Reserve from testing, developing, or issuing central bank digital currencies (CBDCs). Whether the amendment can be submitted to a full vote will be decided by the House Rules Committee, which has become a focal point of recent U.S. crypto regulation and digital currency policy. Self said House Republican leaders had previously promised to include anti-CBDC provisions in the NDAA, but were ultimately completely missing from the 3,086-page text of the bill released on Sunday. "My amendment will amend the bill," he wrote on social media, criticizing the leadership for "failing on promises."

Bitcoin retreated to near $92,500 in early Asian trading on Wednesday after breaking above $94,000, as the market continued to remain cautious ahead of the Federal Reserve's key meeting. As investors focus on the latest policy statement and the tone of Jerome Powell's year-end press conference, the overall cryptocurrency sentiment cools in the short term. Mainstream altcoins are showing a differentiated trend. Ethereum is up 7% in the last 24 hours and is currently trading around $3,320; Solana and Dogecoin are both up about 5%; Cardano was the strongest performer, with an 8.5% increase on the day. Despite this, these tokens generally retreated 1%-2% in early Asian trading, hinting at profit-taking after an overnight rally. XRP is up slightly by 2% but is still down 4% this week, with BNB, USDC, and TRX largely flat. The market depth for small-cap tokens remains weak, reflecting the ongoing liquidity imbalance since December.

Tidal Trust has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch the industry's first "Bitcoin AfterDark ETF" (Bitcoin AfterDark ETF), which aims to capture Bitcoin's price fluctuations during non-trading hours in the United States. The product is designed to hold Bitcoin only at night, while switching to Treasury bonds and money market funds during the day to improve the overall return-risk ratio. According to the application documents, the overnight ETF will buy Bitcoin after the US stock market closes and sell quickly after the opening of the next day. Daytime assets are allocated to low-risk instruments such as U.S. Treasuries and cash. While the ETF may be full of Bitcoin overnight in terms of overnight nominal positions, its capital structure is more defensive during the day.

Bitcoin regained its footing at $92,000 after more than $2 billion in liquidations, and the market focus quickly retracted from altcoins to mainstream assets such as Bitcoin (BTC) and Ethereum (ETH). The increase in capital concentration indicates that investors prefer high-certainty head crypto assets under the current macro uncertainty. In terms of market capitalization performance, Bitcoin's market share is stable at about 59.11%, while Ethereum's remains at around 12.80%, showing a very narrow range of fluctuations. The latest report from Wintermute shows that both retail and institutional funds have rarely flowed into BTC and ETH at the same time, reflecting increased risk aversion in the market, with investors preferring to take selective risk exposure rather than chasing the high volatility of altcoins.

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, LUNA (Terra) is currently trading at $0.15, up 19.53% in 24 hours, reaching a high of $0.18 and a low of $0.07, with a 24-hour trading volume of $357 million. The current market capitalization is approximately $108 million, an increase of $17.6 million from yesterday. LUNA recent important news: 1️⃣ **SBF amnesty expectations trigger a recovery in risk assets** The market has anticipated the potential possibility of FTX founder SBF receiving an amnesty, which in turn has driven a general rebound in risk assets. LUNA, a currency that has experienced major crises, has outperformed the overall market level, reflecting investors' reassessment of historically difficult projects in the context of improved risk sentiment. This shift in market sentiment is pushing

Hundreds of crypto wallets associated with the "Silk Road" suddenly became active after more than a decade of silence, transferring $3.14 million in Bitcoin to an unknown address. These wallets still hold about $41.3 million in Bitcoin for unknown reasons.