I. Crypto Market Overview

Key Takeaways

1.

Macro Environment

The Federal Reserve is widely expected to cut rates by 25 basis points at the upcoming FOMC meeting, supporting risk assets. India’s central bank also cut rates and injected liquidity to offset US tariffs, potentially boosting digital asset flows. However, the Bank of Japan’s anticipated rate hike may unwind yen carry trades, reducing global liquidity and posing downside risk to crypto markets.
2.

Crypto Market

The crypto market saw broad declines over the past 12 hours, with Bitcoin down 4.43% to $97,474 and Ethereum falling 9.27% to $3,144.86, pressured by ETF outflows and weak risk sentiment. Major altcoins like Solana (-8.75%), Cardano (-8.39%), and XRP (-8.61%) also dropped sharply. Meme and ecosystem tokens such as PUDGY Penguins (-10.64%), BONK (-11.14%), and Ethena (-9.88%) led losses, driven by risk-off flows and declining spot demand.
3.

Today's Outlook

Today, the Reserve Bank of Australia will announce its rate decision, which could influence regional risk sentiment. Additionally, the TERRA Chain v2.18 upgrade aims to address interoperability bugs and enhance network stability, potentially impacting related DeFi and ecosystem tokens.
Fear and Greed Index
50.00% Annual Percentile
21 Fear
Total Crypto Market Cap
$3.05T
0.26%
Total Market Trading Volume
$78.31B
41.83%
Altcoin Season Index
16.67%
Quarterly Percentile
21 / 100
Total Futures Market Open Interest
3.83B
10.59%
Futures
688.31B
10.19%
Perpetuals

II. Industry Updates

Macro-economic Policies

1.

The U.S. Treasury executed a record $12.5 billion debt buyback, injecting liquidity and stabilizing bond yields, which may support risk appetite and benefit crypto market flows.

2.

The Federal Reserve is widely expected to cut rates by 25 basis points at its upcoming FOMC meeting, with futures pricing in 87% probability; lower rates typically boost Bitcoin and DeFi liquidity.

3.

U.S. inflation data showed a 2.8% annual rise in September, slightly above target, but cooling inflation supports expectations for monetary easing, which is positive for crypto asset valuations.

4.

The Reserve Bank of India cut its repo rate by 25 basis points to 5.25% and announced a $12 billion liquidity boost, aiming to offset U.S. tariff impacts and support domestic growth, potentially increasing capital flows into digital assets.

5.

The Bank of Japan is preparing for a rate hike at its December meeting, which could unwind yen carry trades and reduce global liquidity, posing downside risk to Bitcoin and other high-beta crypto assets.

Cryptocurrency Regulatory Trends

1.

ProShares has withdrawn its 3x leveraged Bitcoin, Ether, XRP, and Solana ETF filings after the SEC raised concerns about extreme volatility risks, highlighting ongoing regulatory caution and potential limits on crypto ETF innovation.

2.

French bank BPCE now allows clients to buy and sell cryptocurrencies, signaling increased regulatory acceptance and integration of digital assets into traditional banking, which may boost investor confidence in France.

3.

China prosecuted over 3,000 individuals in 2024 for crypto-related money laundering, underscoring intensified enforcement and the need for stronger anti-money laundering regulations, which could deter illicit activity and impact market sentiment.

4.

The market capitalization of euro-denominated stablecoins has doubled to $683 million since the EU's MiCA regulation took effect, reflecting regulatory-driven growth and rising institutional interest in compliant stablecoin products.

5.

Coinbase is set to launch perpetual-style contracts for altcoins on December 15, expanding derivatives offerings under regulatory oversight and potentially increasing market liquidity and institutional participation in alternative crypto assets.

Trending Tokens

1.

Pudgy Penguins (PENGU): Trading volume surged to $125.9M in 24h, price up 6.8% as social mentions and ecosystem utility drive renewed market attention.

2.

DoubleZero (2Z): 24h trading volume reached $25.2M, price up 5.97% on Solana, fueled by demand for low-latency blockchain infrastructure and staking incentives.

3.

BONK (BONK): 24h trading volume at $59.7M, price up 6.5% after new integrations and community campaigns, with over 950,000 holders and major exchange listings.

Smart Money Movements

1.

A whale transferred 8.57 million CRV tokens worth $3.32 million to Coinbase on December 7, 2025, signaling potential liquidity or trading activity.

2.

A major whale rebuilt an Aave position, acquiring 333,000 AAVE tokens valued at $6.26 million since November 24, with an average cost of $167 per token.

3.

Pump.fun repurchased 439.8 million PUMP tokens for 9,633.99 SOL ($1.34 million) on December 5, 2025, bringing total buybacks since July to over $200 million.

4.

Bitmine acquired 22,676 ETH valued at $68.67 million within four hours on December 6, 2025, highlighting continued large-scale Ethereum accumulation.

5.

Antpool moved 1,867 BTC worth $167.35 million to an unknown wallet on December 6, 2025, drawing attention to possible strategic positioning or custody changes.

Events to Watch

Dec 8 (Mon)

Reserve Bank of Australia announces rate decision at 10:30 PM ET; Terra Chain v2.18 upgrade aims to fix interoperability bugs and improve network stability.

Dec 8 (Mon)

Stable (STABLE) Token Generation Event for infrastructure L1 payment stablecoin; HumidiFi (WET) token public sale resumes at 23:00.

Dec 9 (Tue)

US Federal Reserve FOMC meeting begins, with markets pricing in an 87% chance of a 25bps rate cut; Jupiter Token Generation Event for DeFi derivatives on Solana.

Dec 10 (Wed)

Federal Reserve announces interest rate decision at 2 PM ET, followed by Chair Powell's press conference at 2:30 PM ET; Bank of Canada rate decision at 9:45 AM.

Dec 10 (Wed)

Global Blockchain Show Abu Dhabi and Abu Dhabi Finance Week host major blockchain and digital identity sessions, drawing industry leaders.

III. Phemex Market Focus

New Listings

1.

Dec 05: (STABLE/USDT)

Phemex to list STABLE (STABLE) for spot trading with STABLE/USDT pair.
2.

Dec 03: (TRADOOR/USDT)

Phemex lists TRADOOR/USDT for spot trading, offering a fast and friendly way to trade options and perps.

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1.

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2.

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3.

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4.

Phemex 6th Anniversary Event

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