Rewards Hub I. Crypto Market Overview
Key Takeaways
1.
Macro Environment
The US Federal Reserve delivered its third consecutive rate cut, intensifying volatility in crypto markets as investors reassess risk and liquidity. Recent US employment and inflation data are closely watched, directly impacting sentiment and DeFi flows. The EUR/USD strengthened on expectations of continued US dollar weakness, influencing stablecoin demand and cross-border crypto activity.
2.
Crypto Market
The crypto market saw broad declines over the past 12 hours, with Bitcoin down 4.43% to $97,474 and Ethereum dropping 9.27% to $3,144.86, pressured by ETF outflows and risk-off sentiment. Altcoins also fell, with Solana down 8.75%, Mantle down 8.71%, and Arbitrum down 11.73%. Merlin Chain and Mantis showed smaller losses, while no major sector outperformed. The downturn is driven by macro uncertainty and reduced spot demand.
3.
Today's Outlook
No major token unlocks or high-impact events are scheduled for today, but market participants remain alert to macroeconomic data releases and ongoing ETF flows, which may drive volatility and sector rotation.
Fear and Greed Index
84.00% Annual Percentile
26 Fear
Total Crypto Market Cap
$3.05T
Total Market Trading Volume
$103.59B
Altcoin Season Index
27.27%
Quarterly Percentile
19 / 100
Total Futures Market Open Interest
4.38B
Futures
726.35B
Perpetuals
II. Industry Updates
Macro-economic Policies
1.
The US Federal Reserve implemented its third consecutive interest rate cut this week, reflecting internal divisions among policymakers. The move has led to increased volatility in crypto markets, with Bitcoin and Ethereum experiencing heightened price swings as investors reassess risk and liquidity conditions.
2.
Recent US employment and inflation data releases are being closely watched by crypto traders, as these macroeconomic indicators directly impact market sentiment and risk appetite, influencing Bitcoin price levels and DeFi liquidity flows.
3.
The EUR/USD exchange rate has strengthened following expectations of continued US dollar weakness due to the Fed's dovish stance. This currency shift is affecting crypto market capital flows, with potential implications for stablecoin demand and cross-border trading activity.
4.
China's trade surplus exceeded $1 trillion for the first time, despite declining exports to the US. This robust export performance supports global stablecoin settlement volumes and underpins demand for blockchain-based cross-border payment solutions.
5.
German industrial production posted a stronger-than-expected increase, signaling a potential rebound in European economic growth. Improved macro conditions in Europe may boost euro-denominated crypto trading and support NFT and DeFi activity in the region.
Cryptocurrency Regulatory Trends
3.
Portugal enacted new crypto asset rules aligned with EU MiCA regulations, effective July 2026, strengthening anti-money laundering controls and supervision. This move enhances regulatory clarity but may raise operational requirements for service providers.
4.
The US IRS announced new crypto tax reporting rules for exchanges, effective 2026, requiring detailed cost-basis reporting for all digital asset transactions. This increases transparency but may add compliance burdens for US-based platforms.
5.
The SEC issued a warning on crypto custody risks while approving tokenization pilots and granting bank charters to Circle, Ripple, and Paxos. This dual approach highlights both regulatory caution and growing institutional acceptance of digital assets.
Trending Tokens
1.
MemeCore (M): MemeCore surged 10.2% in 24h, reaching $1.85 with $15.9M volume. The rally is driven by its Layer 1 meme blockchain narrative and strong community engagement, pushing its market cap to $2.3B.
2.
Mantle (MNT): Mantle rose 3.2% in 24h to $1.30, with $145.6M trading volume. The price increase is fueled by DeFi ecosystem expansion and recent integrations, supporting a $4.25B market cap.
3.
Merlin Chain (MERL): Merlin Chain gained 2.5% in 24h, trading at $0.45 with $58.5M volume. Growth is attributed to its ZK-Rollup Layer 2 for Bitcoin and increased adoption, with a $476.9M market cap.
Smart Money Movements
2.
Solana ETFs recorded $674 million in net inflows over the past week, despite a 55% price drop from all-time highs, reflecting sustained institutional interest in SOL.
4.
A whale withdrew 14.098 million WLFI tokens, valued at $2.01 million, from Binance, indicating ongoing large-scale token movements in the market.
Events to Watch
Dec 15 (Mon)
Starknet (STRK) unlocks 127M tokens ($13.2M); Connex unlocks 1.61% of supply at 12 AM UTC; US New York Fed Manufacturing Index release and Fed officials' speeches.
Dec 16 (Tue)
Arbitrum (ARB) unlocks 92.65M tokens ($19.7M, 1.90% supply); US releases unemployment rate, retail sales, and non-farm employment data at 16:30.
Dec 18 (Thu)
Bank of Japan and European Central Bank announce interest rate decisions; US October and November CPI data and inflation figures released, impacting global markets.
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