Hedera price fell to under $0.13 on Thursday as the cryptocurrency toiled.
The HBAR token struggled amid losses for Bitcoin after the Fed rate cut.
AI jitters that had Oracle stock down sharply did not help bulls.
The cryptocurrency market has shuddered as the Federal Reserve’s anticipated interest rate cut came laced with a notably hawkish undertone, sending ripples through risk assets.
Hedera’s native token, HBAR, mirrored broader losses for altcoins as indecisive bulls watched it plummet by more than 5%. The selling pressure showed in the spike in daily trading volume.
Hedera price dips under $0.13 amid downside pressure
Hedera’s price has sharply dipped in the past 24 hours, dropping to under $0.13 as top coins like Bitcoin and Ethereum suffered sell-offs.
After an initial bump on the Fed news on Wednesday, the S&P 500 has shed gains as Oracle’s disappointing results drag down other AI stocks. Oracle shares fell 15% and Nvidia, CoreWeave and AMD all dropped.
But stocks remain near record highs and analysts’ view is that Bitcoin and crypto could still eye recent peaks.
If BTC plays catch-up successfully with a breakout above $100,000, bounces for altcoins could see HBAR reclaim key levels.
Year to date, the S&P 500 is up by more than 17%. In comparison, Bitcoin is down more than 3% and HBAR is down by over 50%.
Despite the downturn that has unfolded over the past year, Hedera touts multiple key milestones likely to keep bulls in play.
Potential catalysts
As well as expanded government adoption initiatives and industry partnerships, there’s a notable presence across decentralized finance (DeFi) and real-world asset tokenization.
Non-custodial design ensures users retain full control of their digital assets.
Seamless multi-chain swaps with support for 10,000+ tokens.
Gasless transactions on major networks for frictionless transfers.
The foundation of cryptocurrency is the concept of user sovereignty, which means complete control over your assets without any middlemen, gatekeepers, or other unnecessary barriers.
Nevertheless, on many platforms, this once simple purpose has been distorted by twisted verification practices, custodial regulation, and unpredictable fee frameworks that have turned what should be a simple money management process into a complex maze of paperwork.
The best crypto swap platform is defined as one that returns power to users, which is accompanied by enabling smooth functionality across multiple blockchains.
IronWallet achieves this dual purpose by combining non-custodial architecture, zero-knowledge privacy, andeasy-to-use features that simplify managing cryptocurrency.
Your keys, your control, your future
The foundational philosophy of IronWallet is that users would have full sovereignty over their digital assets.
Being a non-custodial wallet, seed phrases are stored on the user’s device locally, and they are never transferred to corporate servers or accessed by a third party.
Therefore, no third parties are able to freeze accounts, no middlemen can block transactions, and users always retain control of assets with Biometrics/PIN code security, which is an extra layer of protection without creating friction.
Ermo Eero, the CEO of IronWallet, summarizes this philosophy: “IronWallet isn’t just a place to store your digital assets; it’s the unshakeable foundation for your financial future.We’ve carefully crafted it to offer top-notch security, easy control, and the peace of mind you need in the decentralized world.”
Swap crypto: multi-chain flexibility for diverse portfolios
To swap crypto efficiently across multiple blockchains—whether for portfolio rebalancing, or strategic asset allocation—the crypto ecosystem needs a platform that can handle complexity at the underlying level while still providing a simple interface to the user.
IronWallet is a functional platform that works seamlessly with Bitcoin, Tron, Ethereum, BSC, Polygon, and Solana, to mention a few, giving users the flexibility to move assets in accordance with their portfolio logic.
The multi-chain structure addresses a significant pain point in cryptocurrency management, wherein many users hold diversified portfolios across different ecosystems; managing these would entail using an assortment of wallet applications, each with a distinct set of interfaces and security models.
IronWallet consolidates this complexity into one unified platform.
One key characteristic that makes the wallet stand out is its gasless transaction capability on five major networks—Tron, Ethereum, Polygon, Solana, and BSC.
This means users don’t need to hold native tokens like TRX, ETH, BNB, SOL, or POL to pay for network fees.
Instead, users can pay transaction fees with the token they are sending, eliminating the hassle of maintaining multiple native token balances across different blockchains.
Getting rid of verification issues
IronWallet eliminates the verification bureaucracy that has become commonplace in the industry. No account registration, identity documentation, or KYC checks.
Users install the application and instantly start transacting, with anonymity being maintained to the full extent.
This privacy-by-design approach is a direct contrast to the current trends in the industry that prefer regulatory compliance and data aggregation.
While other platforms are building large personal information databases, IronWallet operates on the principle that financial privacy is a right, not a privilege gained by submitting sensitive data.
The implications go beyond just convenience; for users in a jurisdiction with a dysfunctional government or a restrictive financial structure, anonymity in transactions is essential for economic inclusion and personal security.
Extensive token support and competitive transaction fees
With IronWallet, users can swap crypto assets across more than 10,000 tokens via their supported networks, including major cryptocurrencies like Bitcoin and Ethereum, as well as stablecoins (USDT, USDC) based on ERC-20, TRC-20, BEP-20, and other standards.
New DeFi tokens are integrated seamlessly, demonstrating an understanding of the heterogeneous portfolios of users.
IronWallet maintains competitive transaction fees across its supported networks. Bitcoin averages around $0.20, Ethereum approximately $0.10, and Solana less than a penny.
While these fees exist, the platform’s gasless transaction feature on Tron, Ethereum, Polygon, Solana, and BSC networks simplifies the user experience by allowing payment with the token being sent rather than requiring separate native token balances.
Smooth transition from your current wallets
Migrating to IronWallet does not require technical skills and does not put existing funds at risk.
The wallet-import feature of IronWallet uses standard 12-word seed phrases, which means it can migrate easily from MetaMask, Trust Wallet, Phantom, and other popular wallets.
Existing funds are accessible throughout the process with zero risk of losing access.
Seed phrase security goes beyond standard paper backups; every IronWallet package comes with two physical NFC cards, one for secure storage that can be kept somewhere safe and the other for convenient daily access.
This approach offers more practical backup than traditional cold storage while maintaining robust security standards.
The app can support an unlimited number of wallets within a single interface, and these NFC cards (sold separately) function as restoration solutions, allowing users to recover their wallets through the app.
Human-centered interface design
The app’s interface is user-friendly. The onboarding process consists of three simple steps: download the application, add wallets, and start transacting.
The platform is available on major app stores such as Apple, Google Play, Xiaomi, and Samsung.
Development is community-powered and responsive to user feedback; user input is actively incorporated, and the platform continually improves based on real user needs as opposed to abstract product roadmaps or marketing demands.
Documentation and support resources
All features and capabilities are comprehensively documented on the IronWallet website. For those who prefer visual learning, the YouTube channel offers clear, step-by-step tutorials.
For customers in the United States and Canada, NFC card backup solutions ship via Amazon.
European customers in Germany, Poland, Belgium, Spain, France, Sweden, Italy, and the Netherlands receive direct delivery.
In a market where platforms often force users to choose between convenience, security, and privacy, IronWallet demonstrates that all three can coexist.
The best crypto swap experience is one that is fully under user control with powerful and intuitive features—exactly what IronWallet delivers.
Cardano’s ADA is down 10% in the last 24 hours and is now trading at $0.415.
The coin could bounce back to the $0.50 region as the $0.40 support level holds.
ADA is the worst performer among the top 10 cryptocurrencies by market cap, losing 10% of its value in the last 24 hours. The bearish performance comes amid the Fed’s interest rate and declining Open Interest.
However, on-chain data suggests that Cardano could recover soon and rally higher in the near term.
Derivatives data adds to ADA’s woes
Data obtained from CoinGlass reveals a 13% drop in Cardano futures Open Interest (OI) over the last 24 hours to $725.61 million. The decline in OI suggests a massive drop in active positions, including both longs and shorts, indicating that traders are not interested in the cryptocurrency at the moment.
With the risk-off sentiment, ADA’s funding rate has dropped to 0.0019% from the 0.0047% recorded on Wednesday, suggesting a decline in bullish sentiment.
Furthermore, the short positions account for 54.62% of all active positions in the last 24 hours by press time, indicating that traders are more bearish about ADA’s price action.
Despite the decline in the derivatives data, on-chain data obtained from Santiment shows that transactions reached a nine-month high of 4.11 billion ADA on Tuesday. The increase in on-chain activity could boost ADA’s price in the short to medium term.
Finally, the daily active addresses have also hit a four-month high of 34,229, indicating renewed interest in the Cardano network.
Cardano could break out above $0.50 soon
The ADA/USD 4-hour chart is bullish and efficient, with an MSU (Market Shift) structure formed on this timeframe. The technical indicators remain bearish but could soon switch bullish as ADA holds the $0.40 support level.
The RSI of 36 shows that ADA is still within the bearish territory. However, the MACD lines are within the positive territory, indicating a growing bullish bias.
If the trend reverses, ADA could rally towards the $0.50 resistance level over the next few hours or days. The breakout rally could push Cardano prices to $0.6069, a level marked by the November 11 high.
However, failure to reverse could see ADA retest the December 1 low of $0.3707 over the next few hours or days.
HYPE is down 5% in the last 24 hours and is currently trading at $27.
The coin could drop to $23 if the bearish trend continues.
Hyperliquid’s staking balance declines
HYPE, the native coin of the Hyperliquid decentralized exchange, is one of the worst performers among the top 20 cryptocurrencies by market cap. The coin is trading above $27 per coin after losing 5.8% of its value in the last 24 hours.
The bearish performance comes after the Federal Reserve delivered a hawkish red cut on Wednesday. According to market analysts, with further rate cuts now off the table for a while, attention will turn to liquidity and the Fed’s balance sheet policy in early 2026. However, despite the Treasury bill purchase announced today, QE isn’t coming until things start breaking – and that always means more volatility and potential pain.
Another major catalyst behind HYPE’s bearish performance is the decline in Hyperliquid’s Total Value Locked (TVL). The protocol’s TVL has dropped to $1.63 billion from $2.42 billion on October 30.
Investors continue to pull their funds from staking contracts on the Hyperliquid chain, adding more selling pressure on HYPE. Falling TVL suggests that investors are losing confidence in the token and ecosystem, prompting them to reduce their risk exposure.
Furthermore, the demand for Hyperliquid derivatives has declined due to the current market conditions. According to Coinalyze, HYPE’s Open Interest (OI) has dropped to $1.3 billion, down 2.5% from the $1.48 billion recorded on Wednesday. It is also significantly below its record high of $2.59 billion reached in September, suggesting that low retail interest in HYPE could continue to suppress a recovery.
Will HYPE continue to dip lower?
The HYPE/USD 4-hour chart is bearish and efficient as HYPE has underperformed over the last 24 hours. The Layer-1 blockchain token has dropped below its short-term support at $27.50, underpinning its current bearish outlook.
The Relative Strength Index (RSI) has dropped to 34 on the 4-hour chart, pointing to a strong bearish momentum. If the RSI enters the oversold region, HYPE could dip lower over the coming hours and days.
If the bearish trend continues, HYPE could retest the low of $23 for the first time since May 13.
However, if buyers regain control and push the price above the $29 resistance level, HYPE could target the next major liquidity level sitting below the 50-day Exponential Moving Average (EMA) at $36.23.
Bitcoin’s dominance exposes the limits of relying solely on BTC and altcoins for diversification.
Altcoins remain highly correlated with BTC, leaving portfolios vulnerable during market downturns.
RentStac (RNS) delivers real estate–backed, rental-income stability uncorrelated with crypto volatility.
Bitcoin, the pioneer and undisputed king of cryptocurrencies, continues to set the pace for the entire market.
When BTC rises, it carries enthusiasm and capital with it; when it falls, the entire ecosystem feels the impact.
Its recent growth and the consolidation of its dominance have reignited investor interest, but they have also highlighted a fundamental truth: the crypto market is still heavily tied to the fate of a single asset.
This awareness is driving a new strategy among savvy investors. Instead of betting everything on volatility, they are looking to balance their portfolios.
In this scenario, the growing dominance of Bitcoin only increases the appeal of stable, uncorrelated projects like RentStac (RNS), which offers a safe haven anchored to real, tangible value.
The role of Bitcoin as the “benchmark asset”
Bitcoin is not just a cryptocurrency; it is the industry’s digital gold. It acts as a store of value and a barometer of overall market sentiment.
When its price rises, it attracts new capital and renews confidence, but it also creates a concentration effect. A large portion of liquidity and attention focuses on BTC, leaving smaller altcoins subject to even more violent swings.
Its dominance, measured as the percentage of the total crypto market value held by Bitcoin, is a crucial indicator.
An increase in BTC dominance often means that investors are moving out of riskier altcoins to take refuge in the most established asset.
While logical, this phenomenon highlights the need for true diversification.
The limit of diversifying with altcoins alone
For years, the standard diversification strategy in the crypto world has been to supplement Bitcoin with a basket of altcoins.
The idea was that while Bitcoin offered more stable growth (by crypto standards), altcoins could generate explosive returns. However, recent market dynamics have shown the limits of this approach.
In times of uncertainty or during Bitcoin corrections, most altcoins tend to crash even more sharply. Their correlation with BTC remains extremely high.
This means that a portfolio composed only of cryptocurrencies, no matter how diversified, is still exposed to the same type of systemic risk. for true protection, investors must look beyond.
RentStac (RNS): An anchor uncorrelated with the crypto market
This is where RentStac (RNS) comes in. Unlike Bitcoin and almost all other cryptocurrencies, RentStac’s value is not determined by speculation or market sentiment.
RentStac is a platform that tokenizes real estate assets, allowing investors to own fractional shares of properties that generate rental income.
The value of RNS is directly tied to the value of the underlying real estate portfolio and the cash flows it generates.
Whether Bitcoin rises by 20% or falls by 10%, the tenants in RentStac’s properties continue to pay their rent.
This creates a stable and predictable source of income that is almost completely uncorrelated with the movements of the crypto market.
How RentStac complements a Bitcoin-based portfolio
A portfolio that includes both Bitcoin and RentStac is inherently more robust. Bitcoin acts as the engine of speculative growth, with the potential to generate significant returns during bull market phases.
It represents exposure to the future of digital finance.
RentStac, on the other hand, acts as a shock absorber. During bear market phases or periods of high volatility, it provides a steady stream of passive income and serves as a stable store of value.
This combination allows investors to capture the gains of the crypto market while limiting downside risk. It’s a way to have your cake and eat it too.
The growing demand for Real-World Assets (RWAs)
The strategy of combining Bitcoin with stable assets is no longer a niche. Real-world asset (RWA) tokenization is one of the hottest trends in the industry.
Institutional and retail investors are recognizing that the future of blockchain lies not only in purely digital assets but also in its ability to make traditional markets more efficient and accessible.
RentStac is at the forefront of this revolution. By using established legal structures like Special Purpose Vehicles (SPVs) and the transparency of the blockchain, it is democratizing access to the real estate market.
This model not only offers stability but also opens up a multi-trillion-dollar market to a new class of global investors.
Building a portfolio for all seasons
Bitcoin’s dominance is a fact of the current market. Instead of fighting it, smart investors use it to their advantage while recognizing the need to protect themselves from its volatility.
Relying solely on a basket of cryptocurrencies correlated with BTC is not true diversification.
Integrating an asset like RentStac (RNS) into your portfolio is a strategic move to build lasting wealth.
It allows you to benefit from the exponential growth of the crypto sector, led by Bitcoin, while maintaining a solid foundation that generates income and protects capital regardless of market whims.
Conclusion: The perfect synthesis of growth and security
As Bitcoin continues its journey as the benchmark asset of the digital world, the need for uncorrelated assets will become increasingly apparent.
Projects like RentStac are not just an alternative but an essential component for any crypto portfolio aiming for long-term success.
The combination of Bitcoin and RentStac represents the perfect synthesis of betting on future growth and the need for present security.
It is a strategy that recognizes the innovative power of the blockchain while anchoring it to the timeless stability of brick and mortar. In a market defined by volatility, this balance could be the key to thriving.
For more information about RentStac (RNS), visit the links below:
Coinbase now lets users trade any Solana token instantly through its app via on-chain liquidity.
New tokens become accessible immediately, boosting visibility and reducing barriers for Solana builders.
Deeper Solana integration and shifting exchange models signal a move toward open, blockchain-driven access.
Coinbase is reshaping how people interact with Solana’s fast-moving token market by allowing anyone to trade any Solana asset directly inside its app.
The change removes the wait for formal listings and gives users immediate on-chain liquidity through the same interface they already rely on.
It marks a shift toward a more open, blockchain-driven model of exchange activity.
The company is positioning this as a way for users to keep pace with Solana’s rapid token creation cycle while staying inside a familiar environment that does not require jumping between new platforms.
Trading through a trusted app
The new workflow lets people swap for any Solana token the moment it appears on chain.
They can pay with USDC, a bank account, cash, or a debit card.
This makes access to Solana’s expanding ecosystem far simpler for users who want to participate in early market activity without navigating outside tools.
The update turns the Coinbase app into a bridge that pulls liquidity straight from Solana decentralised exchanges.
People keep the same basic experience they are used to, but the range of assets becomes dramatically wider because the app now connects directly to on-chain markets.
Support for builders
The change also affects developers launching new tokens.
Any asset with enough liquidity on Solana becomes immediately available to the millions of people who use Coinbase.
This removes the long-standing barrier of visibility for early-stage projects.
Instead of waiting for a centralised listing or marketing push, a token becomes discoverable as soon as it is tradable on chain.
It streamlines access for builders and reduces friction around early user acquisition.
The update also demonstrates how exchanges are adapting their mechanisms so that discovery and access are tied directly to the blockchain rather than traditional gatekeeping processes.
More Solana features coming
Coinbase confirmed that deeper Solana integration is underway.
Soon, Solana assets will appear natively within the app interface, positioned beside Bitcoin and Ethereum instead of being placed in a separate category.
This signals a stronger commitment to supporting the network’s ecosystem.
Breakpoint added further activity around Solana with Ellipsis Labs introducing Phoenix Perpetuals, a Solana native perpetuals exchange that allows gasless trading and instant onboarding.
These developments highlight how infrastructure around the network is expanding at a pace and how established platforms are adjusting to meet user demand for faster access.
Changing exchange models
The update reflects a wider shift in how exchanges operate.
Instead of deciding which new assets qualify for listing, platforms are now giving users direct access to whatever appears on the chain.
This hands more control to traders while reducing bottlenecks associated with centralised processes.
With activity on Solana continuing to accelerate, Coinbase’s timing aligns with broader market interest.
The company is adapting its product to match the speed of blockchain-based innovation and responding to the growing preference for open access to newly launched tokens.
The result is a model where the blockchain itself determines what becomes tradable.
Filecoin price fell 7% to under $1.40 on Thursday to put bulls under pressure.
The dip comes amid an overall decline for AI tokens.
Market outlook and technical chart suggest Filecoin could dip to $1.20 and $1.00.
Filecoin price has extended its recent losses, falling by more than 7% in the past 24 hours to hit lows of $1.37.
The decentralized storage network’s token risked further losses as sellers breached the key psychological support level at $1.40.
Broader market weakness, including across the stock market, meant bulls were facing potential downside continuation.
FIL declines as AI tokens see losses
The latest leg lower for Filecoin saw bulls touch levels last seen in October, with prices down across all timelines. However, the token boasts a 117% uptick since crashing to near $0.63 on October 10.
FIL price has declined by about 12% over the past seven days.
As highlighted, the downturn coincides with renewed weakness across the cryptocurrency market. Despite the US Federal Reserve’s December meeting and rate cut, cryptocurrencies failed to rally.
Bitcoin dipped below $90,000 before recovering, dragging the broader altcoin market lower. BTC remains precariously poised above the $90k mark.
Filecoin’s decline also mirrored sharp losses among leading artificial intelligence-focused tokens. Bittensor (TAO), NEAR Protocol and Render (RENDER) all shed gains and hovered red over the past 24 hours.
Notably, AI tokens were seeing a fresh sell-off amid a similar outlook in traditional markets.
In premarket trading, AI-related equities Oracle and Nvidia declined as the broader technology shares market came under pressure ahead of Thursday’s open.
What’s next for Filecoin price?
The $1.50-$1.45 zone served as a key support range for Filecoin price after bears took out the $1.60 level in November.
With price now decisively below $1.50 and the $1.40 buffer broken, bulls risk further downside movement.
In the near term, this bearish outlook will strengthen if the price breaks to $1.30.
Bearish momentum remains dominant on the daily chart.
The Relative Strength Index (RSI) has fallen to 36 and shows room for additional selling pressure.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator signals weakness since a bearish crossover in mid-November. Bears taking over will bring the $1.20 and $1.00 levels into play.
Despite the threat of a downward continuation, bulls still have a slight advantage. A decisive breakout from the $1.30 zone could open the door to a retest of higher levels.
In November, FIL pumped more than 100% in two days as prices rose from lows of $1.32 to highs of $3.92.
Bulls will have to contend with the 50-day exponential moving average near $1.73 if they are to strengthen a potential trend reversal.
Do Kwon faces sentencing in New York, reviving focus on the TerraUSD collapse.
Prosecutors seek 12 years; defense asks for five in the Terra fraud case.
Kwon, Terraform settled with SEC, paying major fines over TerraUSD failures.
Do Kwon’s sentencing in New York on Thursday is set to become one of the most-watched moments in the global crypto sector, bringing the TerraUSD collapse back into public attention more than two years after the dramatic fall of the token.
The hearing, scheduled for 11 a.m. local time in Manhattan, as reported by Reuters, will determine how the courts respond to one of the most damaging events in digital asset history.
Kwon, the 34-year-old co-founder of Terraform Labs in Singapore, admitted to misleading investors about the behaviour of TerraUSD, which was marketed as a stablecoin designed to keep its value steady during periods of market volatility.
The token’s sharp breakdown, along with the linked Luna cryptocurrency, erased an estimated $40 billion and contributed to a wave of failures across the industry.
Market turmoil
The crash of TerraUSD in 2022 unfolded during a broader downturn that exposed vulnerabilities in multiple digital asset companies.
Kwon became one of several industry leaders charged after the sell-off triggered investigations into business practices linked to failed projects.
Prosecutors said, notes Reuters, the collapse of Terra caused billions in losses and intensified instability at a time when crypto markets were already under pressure.
TerraUSD had been positioned in 2021 as a stablecoin intended to stay at $1 regardless of market swings.
When the token slipped below the peg in May 2021, investors were told that its recovery came from an automated system called Terra Protocol.
Prosecutors said charging documents showed that the recovery was instead supported by a high-frequency trading firm that secretly purchased large amounts of TerraUSD to push its value back up.
Criminal case
Kwon was charged in January with nine counts, covering securities fraud, wire fraud, commodities fraud and money laundering conspiracy.
He later pleaded guilty to conspiracy to defraud and wire fraud, admitting to misleading investors about the factors behind TerraUSD’s return to its intended price.
As per Reuters, prosecutors have asked the court to impose a sentence of at least 12 years, arguing that the consequences of the Terra collapse contributed to widespread market disruption.
Kwon’s legal team has requested that the sentence be limited to five years so that he can serve time in the United States and then return to South Korea, where he faces additional criminal charges.
His case forms part of a broader series of actions by authorities seeking to clarify how companies communicate the risks of complex crypto assets.
Civil settlement
The sentencing follows a major civil settlement agreed in 2024 between Kwon, Terraform Labs and the US Securities and Exchange Commission.
Under that arrangement, Kwon must pay an $80 million civil fine and is barred from engaging in crypto transactions, while the companies involved accepted a wider penalty totalling $4.55 billion.
The settlement formed a central part of regulators’ efforts to address the issues raised by Terra’s collapse and the communication practices surrounding it.
Kwon’s situation also includes a cross-border dimension, as South Korea continues its separate legal proceedings.
Prosecutors in the United States said they would not oppose a request for transfer after Kwon completes half of his US sentence, a measure built into the plea agreement, according to Reuters.
With the hearing set for 1600 GMT, policymakers, investors and market analysts are paying close attention to how the sentence may influence future enforcement in digital finance and other investigations linked to failed crypto products.
Bitcoin price showed fresh weakness as bulls revisited support below $90,000.
The top coin dropped despite the US Federal Reserve’s interest rate decision.
Oracle stock was down 11% in premarket trading amid AI trade jitters.
Bitcoin price failed to rally on Wednesday as the US Federal Reserve cut its interest rate, and showed weakness on Thursday as it fell to under $90,000.
The dip in BTC price reflected across cryptocurrencies, with major coins also tumbling to key levels amid fresh sell-off jitters.
While the top digital asset remains near the critical level as of writing on December 11, 2025, risk assets are broadly weak on signs of turbulence in technology stocks.
Artificial intelligence-related concerns, visible in market reaction to US-based cloud giant Oracle’s stock price, weighed on Bitcoin and most AI-related tokens.
Oracle’s shares tumbled after the company’s miss in its profit and revenue forecast.
Why did the Bitcoin price fall today?
Bitcoin hovered around $90,379 at the time of writing, down 2.4% in the past 24 hours.
The bellwether crypto asset nonetheless traded off its intraday lows of $89,458. Losses came amid a 9% uptick in daily volume to over $70 billion.
While stocks saw gains after the Fed’s rate cut, a premarket dump for Oracle pulled other AI stocks down and signalled fresh losses likely to encourage Wall Street bears.
In premarket trading, CNBC highlighted that Oracle shares plummeted by more than 11%.
This cascaded across AI-related peers, with Nvidia down nearly 2% and Micron 1.4% at the time. Microsoft, cloud company Coreweave and AMD also traded negatively.
This outlook, even tougher on crypto, pushed BTC lower.
Ethereum, XRP and Solana all shed gains as the market continued to reel from the crash and sentiment flip that followed the October 10, 2025 bloodbath.
CryptoQuant analysts say short-term holders dominate the count, still hovering in the “Pain Zone”.
“Structurally, these deep loss pockets usually show up closer to the late stages of a correction than the early ones,” an analyst at CryptoQuant noted.
BTC Short-Term Holders are Still in a Pain Zone
“Structurally, these deep loss pockets usually show up closer to the late stages of a correction than the early ones.” – By @IT_Tech_PLpic.twitter.com/bw39CfxGh6
A lack of momentum since dipping below $100,000 has analysts recalibrating their end-of-year forecasts.
Standard Chartered,for instance, said earlier this week that it was cutting its 2025 BTC price prediction from $200k to $100k.
Geoff Kendrick, the global head of digital assets research at the banking giant, pointed to the slowdown in buying by Bitcoin treasury companies as a factor.
According to the analyst, bulls may now have only one key price driver- the spot exchange-traded funds space.
Bhutan launches TER, a gold-backed crypto on the Solana blockchain.
TER links physical gold to digital assets, boosting investor access globally.
DK Bank is responsible for distributing TER, with Matrixdock handling token infrastructure.
Bhutan has made a striking move in the world of digital finance by launching TER, a gold-backed cryptocurrency built on the Solana blockchain.
The token, introduced through the Gelephu Mindfulness City (GMC), a special administrative region designed to attract global investment, represents a novel approach to bridging traditional asset security with blockchain technology.
Each TER token corresponds to a fixed amount of physical gold held in institutional custody, giving investors a regulated and transparent way to own gold digitally.
Gold meets blockchain in Bhutan
The TER token is distributed and custodied exclusively by DK Bank, Bhutan’s first licensed digital financial institution regulated by the Royal Monetary Authority.
The tokenisation infrastructure is provided by Matrixdock, a digital asset platform licensed under the GMC authority.
During the initial phase, investors can acquire TER directly through DK Bank, with all assets securely held in institutional custody.
Bhutan’s authorities have emphasised that TER combines the familiarity of traditional gold investment with the advantages of blockchain, including instant settlement, on-chain verification, and global transferability.
Gelephu Mindfulness City’s design allows for regulatory flexibility, enabling the launch of such digital assets under a sovereign-backed framework while remaining aligned with the nation’s core principles of transparency, sustainability, and long-term stewardship.
The initiative also underscores Bhutan’s goal of creating a digitally focused financial ecosystem, attracting international investors, and providing a city-level pilot for responsibly integrating crypto into the national economy.
Bhutan’s planned embrace of blockchain technology
TER is part of Bhutan’s broader and carefully planned embrace of blockchain technology.
The kingdom began Bitcoin mining operations in 2019, powered by its abundant hydroelectric resources, and has accumulated 5,984 BTC valued at more than $536 million, ranking it as the seventh-largest sovereign Bitcoin holder worldwide.
In addition to Bitcoin, GMC has announced plans to hold Ethereum and Binance Coin as part of its strategic reserves.
Beyond its crypto reserves, Bhutan has integrated blockchain into practical applications, such as its national digital identity system, which has been migrated to the Ethereum blockchain.
This makes Bhutan the first country to anchor a population-scale ID system on a public blockchain, providing more than 800,000 citizens with cryptographically verifiable credentials by early 2026.
Additionally, partnerships with Binance Pay have enabled the use of cryptocurrencies in the tourism sector, supporting over 100 digital currencies across more than 100 local merchants.
Setting a regional precedent
Bhutan’s TER token not only represents a leap in integrating blockchain with traditional finance but also reflects a strategic vision for sustainable economic innovation.
By connecting physical gold to digital assets within a regulated framework, the kingdom demonstrates how small nations can experiment with technology-driven financial models while preserving sovereignty and cultural values.
This development positions Bhutan as a pioneer in the use of blockchain for real-world asset tokenisation, potentially serving as a model for other countries seeking to modernise their financial ecosystems.
Notably, the launch of TER comes shortly after Kyrgyzstan unveiled USDKG, a gold-backed stablecoin pegged to the US dollar with an initial issuance of $50 million.
These initiatives highlight a growing regional trend where smaller nations are experimenting with state-backed digital assets tied to tangible reserves.
MEXC lists Cysic (CYS) with zero-fee trading and launches a 75,000 USDT Airdrop+ event.
Cysic builds ComputeFi infrastructure using ZK tech and tokenized compute markets.
CYS trading pairs go live Dec 11, offering fee waivers and user rewards through Dec 18.
Victoria, Seychelles, December 11, 2025 – MEXC, the world’s fastest-growing digital asset exchange and a pioneer of true zero-fee trading, announced the listing of Cysic (CYS) in its Innovation Zone.
Trading for the CYS/USDT pair opens on December 11, 2025, at 10:00 (UTC), followed by CYS/USDC at 10:20 (UTC).
To celebrate the listing, MEXC offers zero-fee trading alongside an Airdrop+ event with 75,000 USDT in rewards.
Cysic develops ComputeFi infrastructure designed to convert computing power into verifiable digital assets on blockchain networks.
The platform combines hardware acceleration, zero-knowledge proof technology, and tokenized compute markets to create an accessible network where users and developers can tap into global computational resources.
CYS functions as the network’s utility token, coordinating incentives among participants, including compute providers, users, and governance members.
The token supports the platform’s goal of expanding access to decentralized computing infrastructure. CYS has a total supply of 1,000,000,000 tokens.
Zero-fee trading promotion
MEXC waives trading fees on CYS spot trading pairs starting December 11, 2025, at 10:00 (UTC):
CYS/USDT: Zero fees until December 25, 2025, at 16:00 (UTC)
CYS/USDC: Permanent zero fees until further notice
Cysic (CYS) airdrop+ event
The Cysic (CYS) Airdrop+ event runs from December 11, 2025, at 10:00 to December 18, 2025, at 10:00 (UTC) and includes the following benefits:
Benefit 1: Deposit and trade CYS to enter the lucky draw and share 50,000 USDT.
Benefit 2: Complete 25 lucky draws to win an additional 25,000 USDT in futures bonuses.
MEXC provides users with rapid token listings, access to over 3,000 trending tokens, daily airdrop opportunities, competitive fee structures, deep market liquidity, and robust security measures.
These features combine to deliver a secure, efficient, and diversified trading environment for the global crypto community.
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees.
Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
For media inquiries, please contact MEXC PR team: media@mexc.com
Risk Disclaimer:
This content does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.
Solana and BSC AI memecoins led HTX’s weekly surge as liquidity returned to high-beta sectors.
PIPPIN, FHE, and other volatile tokens posted triple-digit gains amid renewed risk appetite.
Terra’s LUNC, USTC, and LUNA staged a surprise rebound, reinforcing the week’s speculative sentiment.
Panama City, December 11, 2025 – From December 1 to December 7, market sentiment on HTX turned sharply higher, driven by a combination of macro volatility and renewed risk appetite.
A wave of high-beta assets on this global leading exchange posted outsized gains, with Solana- and BSC-based AI meme coins leading a broad rebound.
PIPPIN, FHE, and other high-volatility names significantly outperformed with a dead-cat bounce, while long-dormant “bankrupt” assets saw a surprise rotation amid renewed discussion around Terraform founder Do Kwon.
Below is a recap of the week’s standout performers on HTX.
SOL memecoin sector extends leadership as liquidity returns to the chain
Solana ecosystem remained the epicenter of the high-volatility narrative, with capital flows finding their most attractive destinations in AI and memecoin assets.
The narrative continues to attract short-term speculative capital, and Solana once again proved to be one of the most efficient incubators for high-elasticity assets.
PIPPIN (Pippin): +150%, as the strongest performer of the week. PIPPIN is an SVG unicorn generated using the latest LLM benchmarks on ChatGPT 4o. It is created by Yohei Nakajima, a recognized innovator and thought leader in the AI VC field, with Jeff Bezos and Marc Andreessen often referenced as peers in influence.
FARTCOIN (Fartcoin): +37%. The token is a memecoin inspired by the AI chatbot Truth Terminal.
MOODENG (Moo Deng): + 32%, benefiting from a Solana ecosystem-wide spillover.After chasing AI-themed memecoins, market participants are now expanding their focus to include the traditional memecoin sector.
BSC AI tokens continue building momentum
The BSC AI sector delivered similarly strong performance, supported by a structural trend favoring technical narratives, asset-light strategies, and high community engagement.
This combination has made BSC one of the more fertile environments for short-term liquidity resonance.
This week’s gains underscore that capital remains eager to hunt for high-beta opportunities within the “low-barrier, strong-narrative” sectors.
FHE (Mind Network): +135%, earning the second-highest increase among all tracked assets. The project is driving development of the next-generation zero-trust transmission protocol, HTTPZ. Ongoing discussion around homomorphic encryption and on-chain data security amplified market interest.
SKYAI: +65%, as BSC’s small-cap AI tokens continued their growth pattern. Currently, SKYAI already supports aggregated datasets from both BSC and Solana, totaling over 10 billion lines of data.
B (BUILDon): +46%. BUILDon is a hybrid Layer 2 solution leveraging Bitcoin’s security model alongside EVM compatibility to streamline decentralized application development.
“Bankrupt” tokens make an unexpected weekend rebound
The most surprising bounce-back came over the weekend as the long-inactive sector abruptly staged a strong recovery. The Terra ecosystem – LUNC, USTC and LUNA – led the rebound.
LUNC (Terra Classic): +104%, topping the gainers of the category. Terra Classic (LUNC) is the original native cryptocurrency of the Terra blockchain. It is rebranded to Terra Classic following the collapse of the Terra stablecoin (UST) and the network fork in May 2022, distinguishing it from the new Terra blockchain (LUNA 2.0). The twin catalysts of “reorganization expectations” and “historical sentiment” from the community have once again become the asset engine.
USTC (Terra Classic USD): +56%, moving in tandem with LUNC. USTC is a decentralized algorithmic stablecoin pegged to the US dollar.
LUNA (Terra): +52%, as a continuation of the sector’s recovery. Despite the eye-catching gains, market participants continue to emphasize that these assets remain driven largely by nostalgia-based trading and carry exceptionally high volatility and risk.
AI memecoin and Terra ecosystem drive risk-on rebound
Overall, the week marked a textbook return of “speculative season.” Solana and BSC’s AI memecoins delivered outsized performance, while the unexpected surge in the Terra ecosystem added a second driver for short-term risk appetite.
The performance of HTX’s listings reflected rapid sector rotation and high elasticity.
As multiple narratives continue to rise simultaneously, HTX remains committed to leveraging its global platform resources and rapid listing responsiveness to capture emerging wealth-creation opportunities early.
The platform will continue expanding high-quality listings at speed, supporting traders as the market enters the next phase of momentum-driven growth.
About HTX
Founded in 2013, HTX (formerly Huobi) has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services.
Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
Norway pauses CBDC plans, saying its current payment system remains secure and efficient.
Central bank will keep studying retail and wholesale CBDCs as payment habits evolve.
Norges Bank shifts focus to tokenisation tests while monitoring global digital-currency moves.
Norway has decided that its payment system works well enough without introducing a central bank digital currency right now, even after several years of research into the idea.
The decision reflects how stable and efficient the country’s existing infrastructure has remained, despite Norway being one of the world’s most cash-light economies.
It also shows that the priority for the central bank is making sure payments keep functioning securely rather than rushing to release a digital krone before it is needed.
Norges Bank announced on Wednesday that a CBDC is not necessary at this stage, following a broad assessment of how a digital version of the krone might support payment security and efficiency.
Cash use in Norway has continued to fall to some of the lowest levels globally, which had intensified discussions about whether the country required a digital option to keep the national currency attractive for consumers, banks and merchants.
The central bank said the current system offers stable operations, fast settlement, low economic costs, and strong contingency arrangements.
It also noted that several projects are already in place to strengthen these backup systems further.
Decision timing
The central bank made clear that its decision is not permanent and that the question could return as payment habits evolve.
Norges Bank said it wants to be ready to introduce a digital krone if it becomes necessary to maintain a secure and efficient system.
The bank continues to distinguish between two main CBDC models.
A retail CBDC would act as a widely accessible means of payment, similar to physical cash or bank deposits.
A wholesale CBDC would be designed only for financial institutions and would allow interbank transactions through tokenised units recorded in a digital ledger based on blockchain technology.
CBDC types
This distinction has shaped much of Norway’s work so far.
A retail model would give everyday users direct access to central bank money in digital form, while a wholesale model would mirror existing deposits at the central bank using tokenised units.
Both versions remain under study as part of Norway’s broader assessment of future payment needs.
The country’s low reliance on cash had previously added urgency to these evaluations.
Yet Norges Bank concluded that keeping the existing system strong and reliable is the immediate priority, with a CBDC being considered only if payment risks or gaps emerge down the road.
Tokenisation tests
Although Norway is pausing on a digital krone, it is increasing its focus on tokenisation.
The bank said token-based systems can improve efficiency, enable innovation and reduce settlement risk.
It also warned that uncertainty remains about how widely tokenisation will be used and what kinds of risks may appear as the technology grows.
Norges Bank plans to continue practical experiments in collaboration with industry players to understand how tokenised solutions function in real transactions.
These tests are part of a broader strategy to prepare for future developments in digital finance, even without committing to a CBDC at this stage.
The central bank will publish a detailed report on its CBDC research in the first quarter of next year.
This will outline the work completed so far, its next steps, and how it plans to monitor progress in other regions.
Norway is watching international projects closely, including the Eurosystem’s work on a possible digital euro and emerging global standards that may support shared CBDC systems in the future.
Satoshi Nakamoto statue arrives at NYSE, marking crypto’s growing Wall Street acceptance.
Artwork joins global series as Bitcoin’s history and mainstream adoption gain symbolic recognition.
Institutional embrace of Bitcoin accelerates as public entities hold over 3.7M BTC.
The New York Stock Exchange has become the latest home for Valentina Picozzi’s “disappearing” Satoshi Nakamoto statue, signalling how far digital assets have travelled since the time when crypto was treated as unwelcome on Wall Street.
The arrival of the piece was announced in an X post on Wednesday, positioning the NYSE as shared ground for traditional finance and emerging decentralised systems.
The installation also aligns with the anniversary of the Bitcoin mailing list, launched on 10 December 2008, adding symbolic weight to a moment that highlights Bitcoin’s shift from niche idea to mainstream fixture.
NYSE installation
The statue was brought to the NYSE by Bitcoin company Twenty One Capital, which began trading this week.
The artwork itself is by Picozzi, who has been developing her “disappearing” Satoshi series under her Satoshigallery handle.
The New York installation is the sixth piece in a global project she plans to expand to 21 locations.
Her post on X described the placement at such a prominent financial centre as a milestone for the ongoing series.
The display at the NYSE contrasts sharply with the period when crypto was considered taboo across Wall Street.
Bitcoin’s long path
The statue’s arrival coincides with a key date in Bitcoin’s history, falling close to the anniversary of the Bitcoin mailing list launched by Satoshi Nakamoto on 10 December 2008.
Nakamoto mined the genesis block on 3 January 2009, creating the first 50 Bitcoins and setting the foundation for the wider industry.
More than a year after that, on 22 May 2010, Laszlo Hanyecz made the first documented Bitcoin purchase, spending 10,000 Bitcoin to buy two Papa John’s pizzas.
In the years that followed, the asset faced significant resistance.
Institutions and banks kept their distance, and governments attempted to restrict crypto activity through actions widely described as part of Operation Chokepoint 2.0.
Even high-profile sceptics in global finance dismissed the technology before eventually revising their positions.
Institutional shift
The landscape began to change when major financial figures, such as BlackRock’s Larry Fink, shifted from doubt to active interest.
Wall Street institutions moved quickly, increasing participation through exchange-traded funds and direct Bitcoin purchases for corporate treasuries.
Public companies, private companies, countries, and ETFs now hold more than 3.7 million Bitcoin collectively, according to Bitbo.
The total value exceeds 336 billion dollars, showing how deeply Bitcoin has entered mainstream portfolios.
Against this backdrop, the installation at the NYSE serves as a visible marker of how crypto has become integrated into financial culture instead of remaining an outsider technology.
Global statue project
Picozzi’s work has taken the Nakamoto figure to five other locations: Switzerland, El Salvador, Japan, Vietnam, and Miami, Florida.
The collection is intended to reach 21 statues worldwide, a nod to Bitcoin’s capped supply of 21 million tokens.
Her design centres on the idea of disappearance, with the figure positioned as if fading into its surroundings.
The artwork depicts Nakamoto as a hacker in a familiar seated pose, laptop open, representing both the anonymity of Bitcoin’s creator and the programmers who built the broader ecosystem.
The NYSE installation marks the latest step in Picozzi’s effort to trace Bitcoin’s cultural footprint through public art, linking major global locations with the technology’s origins and evolution.
SEI token, native to the high-performance layer-1 blockchain network Sei, climbed on December 10, 2025.
This came amid news of a strategic partnership with Xiaomi Corporation.
One of the world’s leading smartphone manufacturers will integrate the Sei crypto wallet.
While most top cryptocurrencies traded lower, the SEI price jumped more than 6% in intraday gains.
The token hit a high of $0.15 amid a collaboration to embed a Sei crypto wallet application directly into new Xiaomi smartphones.
The market reaction to the news could see the token jump to highs last seen in early November.
Sei announces partnership with Xiaomi
Sei Labs, the development team behind the Sei blockchain, officially announced its huge collaboration with Xiaomi on December 10, 2025.
Xiaomi is one of the world’s largest smartphone makers, and Sei’s deal looks to tap into this to bring crypto to users.
A new era of mobile finance is coming to Xiaomi's global user base.
A next-gen finance app powered by Sei and designed for stablecoin payments, will be integrated into the Xiaomi mobile ecosystem, coming pre-installed on new devices.
The two companies eye adoption via an everyday consumer device, specifically through a next-generation crypto wallet and discovery app.
Per details, the integration will feature a pre-installed crypto wallet on all new Xiaomi smartphones. The first target is for devices distributed outside mainland China and the United States.
As such, initial rollout targets Xiaomi’s formidable global footprint across Europe, Latin America, Southeast Asia, and Africa.
The regions boost notable crypto traction and Sei wants to build on this. Xiaomi’s presence accounts for over 36% of the smartphone market in Greece and over 24% in India.
The smartphone sold over 168 million devices in 2024, accounting for 13% of the global market share.
The integration via a pre-installed wallet will allow for effortless onboarding, with support available for Google or Xiaomi account credentials.
As well as decentralized applications (dApps), the partnership targets peer-to-peer transfers and consumer-to-business transactions.
Sei and Xiaomi plan to enable stablecoin transactions, leveraging assets like USDC natively on the Sei network.
Stablecoin payments will roll out starting in Hong Kong and the European Union by the second quarter of 2026.
“This collaboration with Xiaomi represents a watershed moment for blockchain adoption,” said Jeff Feng, co-founder of Sei Labs. “By embedding Sei’s high-performance infrastructure directly into one of the world’s most popular smartphone ecosystems, we’re not just solving the onboarding problem—we’re reimagining how billions of users will interact with digital assets in their daily lives.”
Why is this big for SEI?
To further catalyze innovation, Sei has committed $5 million to a Global Mobile Innovation Program.
This initiative will fund developers and startups building real-world blockchain applications tailored for consumer devices, fostering a broader ecosystem around mobile-centric web3 solutions.
But for Sei, the partnership with Xiaomi transcends mere distribution.
Xiaomi’s traction and the pre-installation of the Sei app could onboard tens of millions of new users annually.
Other than dramatically expanding Sei’s wallet base in emerging markets, it positions SEI at the forefront of real-world utility.
Folks Finance to launch xChain V2 in H1 2026 with $10M in incentives for crosschain lending users.
V2 upgrade brings simpler crosschain DeFi, new strategy vaults, and EVM + non-EVM support.
Mobile app integration to enable debit-card borrowing while keeping collateral exposure.
Singapore, December 10, 2025 – Folks Finance, the leading crosschain lending protocol backed by Coinbase Ventures, Jump, ParaFi, and Borderless Capital, is entering its next development phase with the release of xChain V2, scheduled for H1 2026.
To support the rollout, Folks Finance will allocate 1 million FOLKS (valued at ~$10M at the time of publishing) toward incentives to fuel unified crosschain pools and efficient strategy vaults, rewarding users who explore the upgraded system as it scales toward a $1 billion TVL target.
V2 builds on the success of the FOLKS token launch and the first iteration of true crosschain lending with xChain, taking the model to a much wider audience by removing the complexity traditionally tied to crosschain DeFi.
The upgrade brings higher efficiency, support for both EVM and non-EVM ecosystems, and new vault-based crosschain loans that enable curated, crosschain yield strategies from a single interface.
As part of this vision, xChain V2 will also connect with the upcoming Folks Mobile app to enable debit-card-based borrowing: users can borrow against their collateral, keep their exposure and yield, and spend the borrowed balance directly in the real world.
The goal is simple: turn advanced DeFi mechanics into tools anyone can use, both onchain and in everyday life.
The FOLKS token will also expand its utility alongside the V2 launch, with further details to be shared as development progresses.
xChain V2 is currently in active development. With over a year as the leading crosschain lending protocol on mainnet and extensive market experience across eight chains, Folks Finance is positioned to deliver one of the most advanced upgrades in the sector.
More updates, previews, and technical details will be shared across official channels as xChain V2 approaches launch.
About Folks Finance
Folks Finance offers crosschain lending, borrowing, staking and trading across multiple blockchain networks, combining the security and optionality of traditional finance with the transparency and decentralization of DeFi, powered by crypto technology.
Tokenisation rises 63% to more than 25.7 billion dollars.
Singapore’s rise to the top of global crypto adoption signals a broader shift in how digital assets are becoming embedded across the Asia-Pacific.
A new index published on Tuesday by Bybit and DL Research shows the region gaining influence as regulatory clarity, retail participation and new blockchain use cases reshape where innovation is happening.
The findings also reveal that real-world asset tokenisation, local stablecoins and crypto payrolls are now spreading through markets that have traditionally relied on conventional financial systems, placing Asia-Pacific at the centre of the industry’s next phase.
Regional leadership intensifies
The World Crypto Rankings assessed 79 countries using 28 metrics and 92 data points that examined regulation, institutional readiness and levels of user engagement.
Singapore secured the top position, overtaking the US, which has fallen in the latest edition.
Lithuania, Switzerland and the UAE completed the upper tier of the list, marking a shift from the Western-heavy rankings seen in earlier years.
Asia-Pacific delivered one of the strongest performances, with six of its markets ranked within the global top 20.
Vietnam reached ninth place, while Hong Kong secured tenth as its regulatory reset took effect.
Australia followed closely in eleventh, and the Philippines and South Korea came in seventeenth and twentieth, respectively.
The distribution indicates that adoption patterns are broadening as regional economies align regulation with user demand and market development.
New drivers behind adoption
The report outlines how each market is advancing for different reasons.
Singapore’s top ranking reflects a clear regulatory framework, a structured licensing regime and high levels of participation.
Vietnam stands out for a different type of growth. Nearly 20% of its population owns digital assets largely for remittances, savings and inflation protection.
The index shows that Vietnam ranks first globally for transactional use and for the adoption of decentralised physical infrastructure devices.
This suggests that the country’s progress is being powered from the ground up, with retail users driving the majority of activity.
Hong Kong’s tenth-place ranking reflects its attempt to rebuild confidence following regulatory changes and the introduction of a new licensing system. Its user penetration level places it eighth globally.
The report notes that the city is positioning itself as a blend of Western and Asian financial structures, with stablecoins and tokenisation acting as key catalysts for recovery.
Emerging trends gain global traction
Beyond rankings, the findings point to three trends shaping global behaviour.
Real-world asset tokenisation has expanded by 63% to more than 25.7 billion dollars since January.
This indicates rising interest in converting traditional assets into blockchain-based formats for trading and settlement.
Local currency-pegged stablecoins are also gaining ground. These tokens are emerging in markets that want to reduce reliance on the dollar while supporting domestic and cross-border transactions.
Their growth suggests increasing comfort with digital settlement mechanisms across both institutional and retail users.
This reflects a shift toward integrating digital assets into everyday financial activity rather than treating them solely as investment instruments.
Cardano price rose more than 11% as bulls touched the highest level in over three weeks.
Gains came as Bitcoin rebounded to $92,000 and as Cardano cheered two key developments.
The uptick to $0.47 could allow bulls to target the crucial $0.50 mark and higher in coming weeks.
Cardano topped the list of 24-hour gainers on Wednesday, with the token’s price jumping more than 11% as bulls looked to build on gains seen on December 9, 2025.
Those gains saw ADA touch its highest level since November 19 and came amid a broader crypto market rebound.
As Bitcoin flirted with resistance above $92,000, ADA price jumped to a high of $0.48.
Bulls are currently hovering at this level, with momentum helped by Cardano’s Midnight launch and ADA’s inclusion in the Bitwise crypto 10 ETF index.
These developments have fueled optimism among investors, positioning Cardano for a potential breakout as it seeks to reclaim critical price levels.
Cardano gains 11% as bulls touch $0.48
The Cardano token led op gainers across the top 100 coins by market cap.
ADA’s uptick in the previous session extended to early trading on December 10 as an 11% push over 24 hours helped prices climb to $0.48.
Bitcoin’s resilience has helped bulls. However, pivotal drivers of this upward momentum included the recent launch of Midnight.
The privacy-focused sidechain integrated with Cardano has its token trading on multiple exchanges as privacy coins show upward potential.
Midnight, which debuted on December 8, 2025, leverages zero-knowledge proofs and the Hydra scaling solution.
Its launch has sparked enthusiasm, including from Charles Hoskinson, founder of Cardano.
Hoskinson celebrated the milestone on X, stating, “Congratulations Midnight.”
The positive sentiment surrounding Midnight, combined with the market’s bullish turn, provided tailwinds for ADA.
Further boosting the price surge earlier in the week is Cardano’s inclusion in the Bitwise 10 Crypto Index ETF (BITW), launched on December 9, 2025.
BITW trades on the New York Stock Exchange and saw its assets under management (AUM) hit $1.25 billion on December 9, and allocates 0.65% of its holdings to ADA.
Cardano price outlook: breakout above $0.50 next?
ADA’s recent gains mean bulls could target the $0.50 mark, a level below which bears accelerated the downward pressure in mid-November.
The breach saw prices hit lows of $0.37 before staging a robust recovery that initially faded to around $0.45.
Amid the broader crypto market’s upward trajectory, buyers have pierced the supply wall, and technical indicators suggest a potential pump to the $0.50 threshold.
Silk Road-tagged wallets sent $3.14 million in Bitcoin across 176 transfers this week.
The transactions are the most significant Silk Road-linked activity in five years.
The wallets sent funds to a new address beginning with bc1qn.
Silk Road-linked cryptocurrency activity has resurfaced, drawing attention to long-quiet Bitcoin wallets connected to the darknet marketplace.
The movement comes less than a year after US President Donald Trump granted a full pardon to Silk Road founder Ross Ulbricht.
While the pardon focused global attention on Ulbricht’s legal case, blockchain analysts are now tracking renewed activity that marks the highest level of transfers in years.
The latest movement, recorded on Tuesday, is raising fresh questions about dormant coin reserves linked to the marketplace and how much Bitcoin remains undiscovered or untouched across older blockchain addresses.
Silk Road wallets show renewed Bitcoin flows
Silk Road-tagged wallets transferred about $3.14 million worth of Bitcoin BTC $92,626, according to Arkham. The activity involved 176 transactions, making it the most significant movement from these addresses in five years.
Earlier this year, the same wallets carried out only three small test transactions, suggesting that substantial activity had been paused.
The transfers this week were sent to an unknown cryptocurrency wallet with the address prefix bc1qn.
The primary Silk Road-associated wallets still hold about $38.4 million in Bitcoin.
The newly created address holds only the transferred $3.14 million.
Pardon puts focus back on historic Silk Road funds
Interest in the wallets has intensified since January, when Trump issued a full pardon to Ulbricht.
Before the pardon, Ulbricht had been serving a double life sentence without parole for creating and operating Silk Road, which allowed anonymous trading of illicit goods using Bitcoin.
Supporters have contributed about $270,000 in Bitcoin donations since the announcement, based on on-chain data.
Unseized Bitcoin linked to Ulbricht gains attention
Alongside the renewed transfers, discussions have shifted to older cryptocurrency holdings believed to be connected to Ulbricht but never seized by authorities.
The US government previously confiscated at least $3.36 billion in Bitcoin from Silk Road, marking one of the largest recoveries in the history of digital asset enforcement.
Yet blockchain analysts tracking historical movements have identified additional reserves that remain untouched.
Coinbase exchange director Conor Grogan highlighted that 430 BTC, worth about $47 million, has not moved for more than 13 years.
These tokens are held in wallets thought to be linked to Ulbricht.
Dormant Bitcoin wallets remain a focal point
Another Silk Road-tagged wallet likely controlled by Ulbricht contains about $8.3 million in Bitcoin.
This wallet has seen only three small test transactions over the past 10 months and has otherwise remained inactive for 14 years, according to Arkham.
The transfers observed this week have therefore shifted attention back to dormant Bitcoin reserves that could hold substantial amounts.
Experts monitoring historical blockchain activity note that movements involving older darknet-linked wallets often prompt speculation about ownership, recovery efforts, or changes in operational control.
The recent activity does not clarify why these wallets began moving again or who controls the receiving address.
However, the timing, extended periods of inactivity, and historical significance of the addresses have made the transfers notable within the crypto community.
As blockchain analysis tools improve and more historical data becomes searchable, renewed activity from legacy darknet sources continues to shape conversations about unseized assets and the long-term movement patterns of early Bitcoin holdings.
A hacked WeChat account linked to Binance’s Yi He triggered a brief memecoin surge.
MUBARA spiked 8x before crashing as attackers sold early, profiting about $55,000.
Incident exposes risks of dormant web 2 accounts still influencing crypto markets.
A dormant WeChat account linked to Binance co-CEO Yi He was hijacked on 9 December, setting off a rapid memecoin spike that caught traders off guard and briefly reshaped activity on BNB Chain.
The compromised account was used to promote a little-known token called MUBARA, drawing in traders who assumed the posts came from a credible source.
Within minutes, the token’s price surged before collapsing, revealing how outdated social accounts can still influence crypto markets when tied to a senior industry figure.
Hacked WeChat posts fuel instant market reaction
The incident began when scammers took control of Yi He’s old WeChat account, which was tied to an inactive phone number.
Late on 9 December, the hijacked account started circulating posts portraying MUBARA, also known as Mubarakah, as a token with strong potential.
Because many of the account’s contacts remain active in China’s crypto circles, the messages spread quickly and triggered sudden trading activity.
Lookonchain later traced on-chain movements linked to the scheme, identifying two wallets that bought about 21.16 million MUBARA for 19,479 USDT roughly seven hours before the posts appeared.
Once the messages started circulating, MUBARA jumped from around $0.001 to $0.008 within minutes.
The token’s temporary value reached about $8 million as traders rushed into decentralised exchanges on BNB Chain.
Early buyers cash out as traders join the frenzy
As liquidity strengthened, the two wallets began selling into the spike.
By the morning of 10 December, the attackers had sold 11.95 million tokens for 43,520 USDT.
They still held about 9.21 million tokens valued near $31,000.
Early estimates place their profit at around $55,000, with unsold holdings leaving room for additional gains.
The token fell more than 60% once the selling started.
Several KOLs on X flagged wallet movements that suggested some traders may have acted moments before the WeChat posts went live, drawing attention to how closely the activity resembled a coordinated pump-and-dump.
Binance leaders warn users after breach
Binance founder Chang Peng Zhao told users to ignore all messages from the compromised account and highlighted persistent weaknesses in web2 platforms that have limited recovery options for older accounts.
Yi He confirmed the breach, noting that the account had been abandoned and cannot be retrieved. She urged users to avoid any token promotions linked to it.
The episode underscores how attackers can exploit legacy communication channels that still hold influence in specific trading communities.
WeChat remains widely used among crypto participants in China, meaning even dormant accounts can act as catalysts for misinformation that moves markets.
Market impact raises broader security concerns
The speed of the price swing revealed how quickly misinformation can affect micro-cap tokens in an environment where traders respond to signals within seconds.
The MUBARA surge and collapse highlighted gaps between user behaviour, platform security, and the decentralised markets that react instantly to new information.
For Binance’s global user base, the event serves as a reminder that reputation-linked accounts, even inactive ones, remain valuable targets for manipulation attempts.
As platforms assess the fallout, discussions are turning to how crypto communities can better handle vulnerabilities created by older communication tools.
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