Crypto Market Drops as BTC, ETH Slide Post-Fed Cut; Major APT Unlock Today

I. Crypto Market Overview

Key Takeaways

Macro Environment

The Federal Reserve cut rates by 25bps to 3.50%-3.75%, but internal divisions and limited forward guidance have heightened market uncertainty. The US CFTC's pilot allowing BTC, ETH, and USDC as derivatives collateral signals growing regulatory acceptance and institutional integration. Australia's regulatory easing for stablecoins and Japan's move toward stricter crypto oversight highlight global regulatory divergence, impacting innovation and investor protection.

Crypto Market

The crypto market saw broad declines over the past 12 hours, with BTC down 4.43% to $97,474 and ETH falling 9.27% to $3,144.86, pressured by weak spot demand and ETF outflows post-Fed rate cut. Most major altcoins dropped, with MYX (-13.58%), FET (-12.59%), and ARB (-11.73%) among the largest losers, while XTZ outperformed with a smaller 7.45% loss, driven by ongoing development and staking activity.

Today's Outlook

Key events today include the US Producer Price Index (PPI) release, providing critical inflation data, and a major $20M APT token unlock, which may impact circulating supply and market liquidity. The ALMANAK (ALMANAK) Token Generation Event and several airdrops, including Cysic (CYS) and Talus Labs (US), could drive volatility in select tokens and DeFi sectors.

Fear and Greed Index

70.00% Annual Percentile

30 Fear

Total Crypto Market Cap

$3.07T

2.40%

Total Market Trading Volume

$152.24B

0.04%

Altcoin Season Index

0.00%

Quarterly Percentile

17 / 100

Total Futures Market Open Interest

4.46B

12.07%

Futures

813.29B

3.87%

Perpetuals

II. Industry Updates

Macro-economic Policies

The Federal Reserve cut its benchmark interest rate by 25 basis points to 3.50%-3.75%, marking its third cut this year. This move aims to support the labor market but has led to increased volatility in Bitcoin and altcoins as markets digest the "hawkish cut" and limited guidance for further easing.

U.S. initial jobless claims rose to 236,000, exceeding expectations, while the trade deficit narrowed to $52.8 billion, the smallest since June 2020. These mixed economic signals have contributed to cautious sentiment in crypto markets, impacting risk appetite and liquidity.

U.S. Treasury Secretary Bessenter proposed reforms to the Financial Stability Oversight Council, advocating for more relaxed financial regulations and exploring AI for financial system resilience. This shift toward a more liberal policy stance may increase risk-on behavior in crypto markets.

US Commerce Secretary Howard Lutnick called for a deeper Fed rate cut to boost liquidity and stimulate investment in risk assets, including cryptocurrencies. The Fed remains cautious due to ongoing inflation risks, keeping crypto market participants alert to further policy changes.

Peter Schiff criticized the Fed's rate cut amid persistent inflation, warning that cheap credit may flow into riskier assets like cryptocurrencies, potentially increasing volatility and affecting DEFI and NFT market dynamics.

Cryptocurrency Regulatory Trends

Australia's ASIC has introduced new exemptions for stablecoin and wrapped token intermediaries, removing costly licensing requirements and enabling omnibus accounts. This regulatory easing is expected to boost innovation and attract more blockchain firms, supporting stablecoin market growth and enhancing institutional confidence.

The US CFTC has launched a pilot program allowing Bitcoin, Ethereum, and USDC to be used as collateral for derivatives trades. This move increases capital efficiency, deepens crypto integration into traditional finance, and signals growing regulatory acceptance, likely encouraging further institutional adoption.

Japan's Financial Services Agency is considering shifting crypto regulation from the Payment Services Act to the stricter Financial Instruments and Exchange Act. This would impose higher disclosure and compliance standards, aiming to enhance investor protection and market transparency, potentially impacting project operations and exchange requirements.

The CFTC has issued a no-action letter harmonizing cross-border swap compliance definitions, simplifying regulatory requirements for US and international crypto market participants. This streamlining reduces compliance burdens and supports more efficient global trading, potentially increasing market participation and liquidity.

A total of 124 cryptocurrency ETFs are currently awaiting regulatory approval in the US, with the SEC maintaining a cautious stance due to custody and market manipulation concerns. Approval of these ETFs could drive significant institutional inflows and broaden retail access, impacting overall market sentiment.

MYX Finance (MYX): MYX surged 5.7% in 24h with $33.8M volume, driven by cross-chain margin upgrades and growing adoption across Linea, Arbitrum, and BNB Chain.

MemeCore (M): MemeCore rose 2.9% in 24h, reaching $1.86B market cap and $21.6M volume, fueled by its unique Proof of Meme consensus and meme ecosystem expansion.

Tezos (XTZ): Tezos gained 2.9% in 24h with $44.3M trading volume, supported by ongoing Tezos 2.0 development and increased staking participation on major exchanges.

Smart Money Movements

Strategy invested $962.7 million to acquire 10,624 BTC at an average price of $90,615, increasing its total Bitcoin holdings to 660,624 BTC.

BlackRock deposited 2,196 Bitcoin worth $202.76 million into Coinbase, highlighting continued institutional accumulation of BTC.

Bitmine purchased 33,504 ETH valued at approximately $112.06 million within six hours, demonstrating aggressive institutional interest in Ethereum.

A whale withdrew 101,365 SOL, valued at $13.89 million, from Kraken, bringing total holdings to 628,564 SOL, with 519,217 SOL unstaked and 109,348 SOL staked.

Grayscale's Ethereum ETFs generated over $11.8 million in staking rewards for investors since October 10, 2025, marking the highest staking rewards in the U.S. market.

Events to Watch

Dec 11 (Thu)

U.S. Producer Price Index (PPI) data releases, providing key inflation insights; major APT token unlock worth $20M, impacting circulating supply.

Dec 11 (Thu)

Almanak (ALMANAK) Token Generation Event; Cysic (CYS) and Talus Labs (US) airdrops; Space IDO launches on Impossible Finance.

Dec 15 (Mon)

Gensyn AI public token sale and Gensyn platform token auction; NPRO token launches, upgrading NEAR Mobile ecosystem with new wallet features.

Dec 16 (Tue)

Helios IDO launches on Spores, introducing a new Layer 1 blockchain with ETF and cross-chain capabilities.

Dec 17 (Wed)

Fogo (FOGO) token sale begins, offering 2% of total supply on a first-come, first-served basis for its SVM-based Layer 1 blockchain.

Table of Contents

I. Crypto Market Overview

Key Takeaways

Macro Environment

Crypto Market

Today's Outlook

II. Industry Updates

Macro-economic Policies

The Federal Reserve cut its benchmark interest rate by 25 basis points to 3.50%-3.75%, marking its third cut this year. This move aims to support the labor market but has led to increased volatility in Bitcoin and altcoins as markets digest the "hawkish cut" and limited guidance for further easing.

U.S. initial jobless claims rose to 236,000, exceeding expectations, while the trade deficit narrowed to $52.8 billion, the smallest since June 2020. These mixed economic signals have contributed to cautious sentiment in crypto markets, impacting risk appetite and liquidity.

U.S. Treasury Secretary Bessenter proposed reforms to the Financial Stability Oversight Council, advocating for more relaxed financial regulations and exploring AI for financial system resilience. This shift toward a more liberal policy stance may increase risk-on behavior in crypto markets.

US Commerce Secretary Howard Lutnick called for a deeper Fed rate cut to boost liquidity and stimulate investment in risk assets, including cryptocurrencies. The Fed remains cautious due to ongoing inflation risks, keeping crypto market participants alert to further policy changes.

Peter Schiff criticized the Fed's rate cut amid persistent inflation, warning that cheap credit may flow into riskier assets like cryptocurrencies, potentially increasing volatility and affecting DEFI and NFT market dynamics.

Cryptocurrency Regulatory Trends

Trending Tokens

MYX Finance (MYX): MYX surged 5.7% in 24h with $33.8M volume, driven by cross-chain margin upgrades and growing adoption across Linea, Arbitrum, and BNB Chain.

MemeCore (M): MemeCore rose 2.9% in 24h, reaching $1.86B market cap and $21.6M volume, fueled by its unique Proof of Meme consensus and meme ecosystem expansion.

Tezos (XTZ): Tezos gained 2.9% in 24h with $44.3M trading volume, supported by ongoing Tezos 2.0 development and increased staking participation on major exchanges.

Smart Money Movements

Strategy invested $962.7 million to acquire 10,624 BTC at an average price of $90,615, increasing its total Bitcoin holdings to 660,624 BTC.

BlackRock deposited 2,196 Bitcoin worth $202.76 million into Coinbase, highlighting continued institutional accumulation of BTC.

Bitmine purchased 33,504 ETH valued at approximately $112.06 million within six hours, demonstrating aggressive institutional interest in Ethereum.

A whale withdrew 101,365 SOL, valued at $13.89 million, from Kraken, bringing total holdings to 628,564 SOL, with 519,217 SOL unstaked and 109,348 SOL staked.

Grayscale's Ethereum ETFs generated over $11.8 million in staking rewards for investors since October 10, 2025, marking the highest staking rewards in the U.S. market.

Events to Watch

Dec 11 (Thu)

Dec 11 (Thu)

Dec 16 (Tue)

Dec 17 (Wed)

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