Wintermute stated that recent market trends reflect limited investor interest before policy clarity, and cryptocurrencies may continue to trade within a range, mainly influenced by liquidity and positions. Decisions by the Federal Reserve and the Bank of Japan will be key, while capital efficiency has become a market priority.

The Australian Securities and Investments Commission has announced a new class exemption policy that allows intermediaries to distribute stablecoins and wrapped tokens without having to apply for individual licenses, and requires issuers to maintain reserves equal to or greater than the total amount of tokens in circulation.

Odaily Planet Daily News: In November, the US NFIB Small Business Confidence Index rose to 99.0, up 0.8 points from October, with six out of ten sub-indices showing an increase, mainly driven by improved sales expectations. However, the Uncertainty Index rose by 3 points to 91, partially offsetting the optimism. Labor market conditions remain concerning, and the overall situation is still severe. About 33% of business owners reported job openings in November (previous value: 32%), marking the first increase since June and significantly higher than the historical average of 24%. There were positive signals in employment expectations, with about 19% of business owners planning to add employees in the next three months, up 4 percentage points from October and reaching the highest level of the year. Inflation remains a major concern in the November data, with the proportion of business owners raising average selling prices increasing from 21% in October to 34%.

Gate Launchpool launches NIGHT staking mining project, with GUSD pool APY at 122.21%. WET project pool APY is 148.61%. New users can mint GUSD with APY up to 100% and participate in trading to win a 10,000 GUSD prize pool. Enjoy multiple rewards during the event period.

This article summarizes cryptocurrency news for December 9, 2025, focusing on the latest Bitcoin updates, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price predictions. Major Web3 events today include: 1. The US CFTC has launched a pilot program allowing BTC, ETH, and USDC to be used as collateral in the derivatives market; 2. Tether participated in an $80 million investment in the Italian humanoid robotics company Generative Bionics; 3. The US Bureau of Labor Statistics: October PPI data will not be released for now and will be published together with November data in January next year.

Dogecoin (DOGE) is currently holding around the key support range of $0.14, with its price continuing to move within the descending channel formed since being rejected at $0.21. The overall structure is showing lower highs and lower lows, with short-term momentum still weak. Nevertheless, as long as the $0.136-$0.140 bottom range remains solid, there is still a chance for a short-term rebound toward the $0.16 area. From a technical perspective, the $0.145-$0.150 range remains a strong resistance zone in the near term. If bulls fail to hold above this level, any rebound is unlikely to be sustained. The $0.16-$0.18 range is an even stronger supply zone, having historically acted as the upper limit for rebounds. Currently, DOGE’s trading volume remains weak, and the rebound lacks confirmation from genuine buying interest, meaning each price surge is easily suppressed by bears. If the daily close can successfully hold above $0.150, it would be the first sign of bears losing control and could open the way for a move toward $0.16-$0.18. Conversely, if $0.136 is broken, the downside target will shift back to $0.12 and could potentially reach the yearly low zone of $0.10-$0.08.

Cardano (ADA) price continues to fluctuate within the $0.40 to $0.45 range, with the market watching closely to see if the key support at $0.38 can hold. Currently, ADA is trading around $0.43, just below the short-term resistance at $0.45. If it fails to break out with strong volume above the $0.45-$0.47 zone, the price structure may continue to show weakness and consolidation through late December. On a higher time frame, ADA has declined from its 2025 high of $1.32, remaining in a long-term downtrend overall. Although the RSI has rebounded from oversold territory, providing conditions for a short-term bounce, it has not disrupted the broader bearish structure. On the daily chart, major resistance is concentrated at $0.446-$0.47 (including the 200-day moving average), while key support lies between $0.423 and $0.40. A break below this support could see the range extend down to $0.33-$0.35.

According to Gate News Bot on December 9, citing CoinMarketCap data, as of press time, ENJ (Enjin Coin) is trading at $0.04, up 7.44% in 24 hours, reaching a high of $0.04 and a low of $0.03. The current market capitalization is approximately $67.77 million, an increase of $4.68 million from yesterday, ranking 357th globally. Enjin is a unified platform for blockchain, wallet, NFT marketplace, and API solutions. Its core products include: Enjin Blockchain (a blockchain optimized for NFTs and gaming applications, supporting over 5,000 transactions per second, 6-second transaction times, and an average transaction fee of $0.0008), Enjin Platform & API (providing scalable Web3 development tools for mass-market applications), and Enjin Wallet.

According to Gate News Bot on December 9, citing CoinMarketCap data, as of press time, MON (Monad) is currently priced at $0.02, down 10.32% in the past 24 hours, reaching a high of $0.03 and a low of $0.03. The current market capitalization is approximately $286 million, down $32.941 million from yesterday. Monad is a next-generation, Ethereum-compatible, high-performance blockchain offering 10,000 TPS, sub-second finality, low fees, and scalable decentralization. As the highest-performance EVM blockchain, Monad is fully compatible with the EVM at the bytecode level, which means Solidity contracts, EVM addresses, infrastructure, tools, and libraries can be used out of the box. The network is composed of over 200 validators, enabling true daily-level decentralization. Monad adopts a self

A recent study by Paradigm pointed out that due to smart contract events being counted multiple times, the trading volume of the prediction market platform Polymarket may be overstated by about 100% on third-party dashboards. After the research was published, it quickly sparked heated discussions among data teams, analytics firms, and competitors, also exposing the structural challenges prediction markets face in measuring trading volume. According to the analysis by Paradigm research partner Storm Slivkoff, Polymarket's smart contracts generate an OrderFilled event of the same amount for both the maker and the taker in each transaction. Most dashboards do not distinguish between the two sides when aggregating these events, resulting in each trade being counted twice. For example, a $4.13 YES trade would be recorded as $8.26 in trading volume on the dashboard.

According to Gate News Bot on December 9th, citing CoinMarketCap data, as of press time, IRYS (Irys) is currently priced at $0.04, up 11.56% in the past 24 hours, reaching a high of $0.04 and a low of $0.03. The current market capitalization is approximately $76.7 million, an increase of $7.95 million from yesterday. Irys is the first programmable data chain for AI and more application scenarios. The platform is centered on high performance, cost efficiency, and programmable data. Unlike other data networks that only store data, Irys offers faster and cheaper services, equipped with a native execution layer that enables data programmability. Data on Irys can be embedded with instructions, instantly retrieved, and shared across applications, allowing developers to build on-chain services that leverage each other's data to unlock new value. The platform features high performance and cost efficiency.

According to monitoring by HyperInsight, the whale address has been frequently accumulating ETH and BTC, with spot and long positions totaling $6.24 million. Since October, this address has gone long more than 30 times consecutively, accumulating a loss of approximately $6 million, but has seen some profits in the past 7 days.

According to Gate News Bot on December 9, based on CoinMarketCap data, as of press time, RIVER (River) is currently trading at $4.71, up 11.12% in the past 24 hours, with a high of $4.93 and a low of $3.79. The current market capitalization is approximately $92.3 million, an increase of $9.24 million compared to yesterday. # Recent important news about RIVER: 1️⃣ **Public sale exceeded expectations, strong funding support** RIVER's $50 million public sale was fully subscribed within 2.5 hours, demonstrating strong market interest and investor confidence in the project. This rapid fundraising capability provides RIVER with ample financial reserves, laying a solid foundation for the execution of its long-term development strategy, and also affirms the market's recognition of its business model and prospects.

Since early November, Ethereum (ETH) has rebounded more than 20% after hitting a local low of around $2,620, and as of December 9, it has returned above $3,000. However, both technical patterns and on-chain data are signaling further downside, suggesting that ETH prices may weaken again in the coming months. From a technical perspective, ETH is currently forming a classic inverse cup-and-handle pattern, which typically signals a deeper correction and points to a mid-term target of around $1,500. This pattern began after ETH peaked near $4,100 in August and subsequently declined, breaking below both the 50-day and 200-day exponential moving averages, gradually forming a rounded top. Entering the "handle" phase, ETH has been moving within an ascending channel but has repeatedly faced resistance around the $3,150 region, struggling to break through in the short term, with the 50-day moving average also acting as resistance in this range. If ETH breaks below the current lower boundary of the channel around $2,900, it will confirm the continuation of the downtrend, technically validating the $1,500 target of the inverse cup-and-handle pattern. This range also overlaps with a key support area for Ethereum since the beginning of 2024, further amplifying the risk. Unless the price regains the $3,300 to $3,450 range, ETH’s overall trend remains tilted to the downside.

Aster (ASTER) has been under continuous pressure since its launch, dropping about 70% from its high of $1.50. Technically, ASTER formed a clear inverted V-shaped top structure near $1.40, with a rapid pullback following a sharp rise, trapping buyers. The price has consistently remained below the 20-day, 50-day, and 200-day moving averages, confirming the continuation of the downtrend. According to the V-shaped top measurement method, ASTER’s neckline is in the $1.04 to $1.05 range. If this support fails, the price could further drop to $0.82, corresponding to the 1.0 Fibonacci extension level. Despite the weak trend, 68% of traders in major CEX perpetual contract markets are still attempting to bottom-fish and go long. However, in the ongoing downtrend, longs are continuously being liquidated. The cumulative net long positions are steadily decreasing, while net short positions remain largely unchanged. This indicates that the current decline is not driven by shorts, but rather by longs being forced to close their positions under pressure, further pushing the price slowly lower.

According to Gate News Bot on December 9, citing CoinMarketCap data, as of press time, LYN (Everlyn AI) is currently priced at $0.07, up 20.99% in the past 24 hours, reaching a high of $0.08 and a low of $0.06. The current market capitalization is approximately $19.3 million, an increase of $3.34 million compared to yesterday. Everlyn AI is the world’s fastest video AI generation platform and the first decentralized infrastructure layer for autonomous video AI. The platform offers free unlimited AI video and image generation services without requiring a credit card or subscription, including text-to-video, image-to-video, and text-to-image functions. Everlyn leads the industry with its groundbreaking performance metrics, with video generation speeds 60 times faster than the industry average, costs reduced by 25 times, and architectural efficiency improved by 8 times.

BitMine Immersion Technologies continues to make large purchases of Ethereum, even as market sentiment remains tense and ETF funds keep flowing out. The company, chaired by Tom Lee, has now become the world’s largest corporate holder of Ethereum and has significantly increased its ETH holdings over the past week. According to the latest data, BitMine purchased 138,452 ETH in one week, a 156% increase from the previous period, bringing its total holdings to 3.86 million ETH. This accounts for more than 3.2% of Ethereum’s circulating supply and brings the company two-thirds of the way toward its goal of controlling 5% of ETH’s supply. Since October, ETH prices have dropped nearly 25% in total, but BitMine has persisted in buying, demonstrating a clear long-term bullish stance.

On Monday, US spot Bitcoin ETFs recorded a net outflow of $60.48 million, indicating a cautious market sentiment ahead of key macro events in December. Although BlackRock's IBIT attracted a single-day net inflow of $28.76 million, it was insufficient to offset the overall outflow of funds. Grayscale's GBTC led with a net outflow of $44.03 million, and Fidelity's FBTC also saw an outflow of $39.44 million, further exacerbating the weak performance of Bitcoin ETFs. In contrast, the fund flows for Ethereum and altcoin ETFs were more noteworthy. Spot Ethereum ETFs saw a single-day net inflow of $35.5 million, with BlackRock's ETHA accounting for $23.7 million, indicating that institutions are accelerating their allocation to ETH assets.

According to Gate News Bot on December 9, and based on CoinMarketCap data, as of press time, USTC (TerraClassicUSD) is currently trading at $0.01, up 19.64% in the past 24 hours, having reached a high of $0.01 and a low of $0.01. The current market capitalization is approximately $56 million, an increase of $9.2 million compared to yesterday. USTC (TerraClassicUSD) is a token asset within the Terra Classic blockchain ecosystem, operating on an open-source, decentralized blockchain built with Tendermint consensus and Cosmos-SDK. The chain is maintained by a decentralized set of validators and has one of the most active grassroots communities in the crypto space.

Zcash (ZEC) has defied the overall market downturn, surging nearly 14% in the past 24 hours. The core driver behind this rise is a new dynamic fee model proposal from the development team, aimed at improving network efficiency, alleviating congestion, and protecting user privacy and cost experience. The proposal, put forward by Shielded Labs, suggests abandoning the long-standing fixed fee mechanism in favor of a dynamic structure based on the median transaction. The current fixed fee is 1,000 zatoshi, but during periods of high demand, this has led to abnormal fees, network congestion, and overloaded shielded wallets. The new model would calculate fees based on typical transaction activity over the past 50 blocks and use “synthetic comparable objects” to simulate a stable load, making fees more predictable and more effective at resisting spam attacks.

On the eve of the December 9–10 FOMC meeting, the market generally expects the Federal Reserve to potentially cut interest rates by 25 basis points, providing a brief liquidity boost for risk assets. Although the overall crypto market has fallen by about 1.1%, whales have continued to accumulate, with multiple on-chain data sources indicating that three major tokens have become the primary targets for increased holdings: Aster (ASTER), Pippin (PIPPIN), and Chainlink (LINK). Aster has seen the most significant increase in holdings over the past 24 hours. Despite its price dropping 4% daily and over 10% monthly, whales have increased their holdings by 11.61%, bringing the total position to 44.76 million ASTER, with the added amount valued at approximately $4.34 million. From a technical perspective, ASTER has shown a hidden bullish divergence, suggesting selling pressure is easing. In addition, the token price is consolidating within a narrowing triangle pattern; if it breaks above $1.01, it could target $1.08 or even $1.40. Conversely, if it falls below $0.89, it may weaken and retreat to the $0.84 range.

The Bitcoin market in 2025 is exhibiting an unprecedented "dual strategy" pattern: ETFs bring institutional liquidity, while self-custody upholds the decentralized spirit of Bitcoin. Industry analysts generally believe that this coexistence model is becoming the new mainstream trend, driving Bitcoin toward a more mature and structurally robust stage of development. As Wall Street continues to expand the absorption capacity of spot Bitcoin ETFs, monthly capital inflows during 2024 to 2025 have repeatedly reached $4 billion to $6 billion, pushing the total asset size to approximately $140 billion by July 2025. ETFs have become the primary avenue for institutions to enter Bitcoin, offering strong liquidity, regulatory protection, and eligibility for retirement accounts, quickly making them the first choice for traditional financial investors.

Odaily Planet Daily News: According to the latest crypto weekly report released by Gate Ventures, macro indicators cooling off has led to uneven risk appetite, with the market overall remaining cautious. BTC and ETH are fluctuating within a narrow range, but ETF net outflows continue, and the Fear & Greed Index remains in the "extreme fear" zone. Meanwhile, the market saw an overall rebound of +3.9% on Monday, mainly driven by heightened institutional narratives, including Grayscale filing for a SUI Trust and the official launch of its Chainlink ETF. On the ecosystem front, Aave and CoW launched the first Intent-based flash loan product, further expanding programmable DeFi; Galaxy acquired Alluvial, accelerating institutional-grade liquid staking deployment; Grayscale launched

SPX6900 (SPX) has regained upward momentum after successfully pulling back to around $0.600 and completing a technical retest of its flag pattern. After the pullback, the token rebounded by as much as 12%. Although it subsequently retraced about 5.6%, the overall trend remains within an ascending structure. The continuous buying by whales is the main driving force behind this round of price action. Large holding wallets have been actively accumulating within the current trading range, indicating that major investors view the recent pullback as an opportunity to build positions rather than a signal of trend reversal. This behavior reinforces bullish market sentiment and suggests that these key players are betting on further price appreciation.

BlockBeats news, December 9th—Zcash (ZEC) has recently performed strongly. After 127,000 BTC held by "Prince Group" leader Chen Zhi was confiscated by the US government and the main culprit in the 60,000 BTC money laundering case, Qian Zhimin, was apprehended, ZEC's price surged past $750 on the privacy narrative. However, a new feature launched today by blockchain tracking platform Arkham has shaken Zcash's privacy narrative. Earlier today, Arkham added on-chain monitoring for Zcash, marking over half of Zcash's shielded and unshielded on-chain transactions, involving $420 billion worth of transactions, all linked to known individuals and institutions. Arkham's de-anonymization efforts for Zcash so far include: 53% of Zcash transactions have been

Zcash (ZEC) is once again becoming the focus of the market, with its price retesting the upper boundary of a months-long symmetrical triangle—the key resistance at $420. As trading volume surges and institutional capital continues to flow in, ZEC may be approaching a decisive breakout. Currently, ZEC is priced around $395, up about 11% in the past 24 hours, with a total weekly increase of 18%. Although it is still down about 27% over the past month, the strength of the short-term rebound has clearly increased. The seven-day price range has been between $306 and $420, indicating that the market has entered a phase of structural convergence. The surge in trading volume supports the potential for a breakout. ZEC spot trading volume climbed to $1.28 billion in 24 hours, nearly doubling from the previous day. In derivatives, futures trading volume soared to $5.5 billion, with open interest rising to $895 million, an increase of 21%. This simultaneous inflow of capital into both spot and futures usually indicates that traders are actively taking on risk, rather than passively closing positions.

Today's December FOMC meeting has become the focus of global markets, with investors closely tracking the Federal Reserve's interest rate decision and economic forecasts to assess the direction of monetary policy in 2026 and evaluate its potential impact on crypto assets such as Bitcoin and Ethereum. Market predictions put the probability of a 25 basis point rate cut at as high as 80% to 92%. If realized, the federal funds rate range will drop to 3.50% to 3.75%, marking the third rate cut this year. The likelihood of a pause or unexpected rate hike is extremely low, but any deviation from expectations in the decision could still trigger significant market volatility.

GMGN.Ai has released a series of new features, including customizable charts for tracking wallet holdings, upgraded leaderboards, and a new KOL holding ratio indicator, all aimed at improving user efficiency in trading MEME tokens.

The Hong Kong government is conducting a public consultation on the OECD’s Crypto-Asset Reporting Framework, with plans to complete legislative amendments in 2024. The goal is to achieve automatic exchange of crypto asset transaction tax information by 2028. This move aims to enhance international tax cooperation, combat cross-border tax evasion, and safeguard Hong Kong’s reputation as an international financial center. The public consultation period ends on February 6, 2026.

According to Gate News Bot on December 9, citing CoinMarketCap data, as of press time, SXP (Solar) is trading at $0.07, up 17.30% in the past 24 hours, reaching a high of $0.08 and a low of $0.05, with a 24-hour trading volume of $42.8 million. The current market capitalization is approximately $43.3 million, an increase of $6.39 million compared to yesterday. The Solar Blockchain Foundation is a non-profit organization dedicated to supporting the development of the Solar blockchain, SXP utility token, and related technologies. The Solar ecosystem consists of two parts: the Solar Blockchain Foundation and Solar Enterprises, with the former focusing on the decentralization and security of the blockchain, and...

Cardano founder Charles Hoskinson recently stated that current discussions about the "quantum technology threat to blockchain security" are mostly overhyped. He believes that while quantum computing does pose a potential risk to traditional cryptography, the real obstacle to industry upgrades is not a lack of technology, but rather performance sacrifices and the fact that standards have yet to be fully established. In a recent podcast, Hoskinson bluntly said that quantum technology is more like "a massive smokescreen." He pointed out that blockchains can fully migrate to quantum-resistant algorithms, but the cost would be a significant drop in network throughput and a substantial increase in costs. "If today I can do 1,000 transactions per second, after migrating it might only be 100 transactions per second, with costs rising tenfold. No one is willing to do that," he said.

Gate News bot 消息，2025年12月9日，据Gate官方公告 Gate余币宝现已上线STABLE定期理财产品，提供7天、14天、30天三种锁仓周期，年化收益率最高可达500%，最低起投额为100 STABLE。 活动时间为2025年12月9日15:00至2026年1月9日15:00（UTC+8）。利息将以STABLE形式发放。 StableChain是专为稳定币支付而生的USDT原生Layer 1，每笔交易均以USDT结算，具备亚秒级最终性和低费用特点。

The latest survey shows that the main reason Japanese investors are exiting the cryptocurrency market is not market volatility, but rather the complex and burdensome tax system. Financial platform 400F conducted a survey in November of 894 investors, revealing that among those who previously held crypto assets but have since exited, 22.2% cited "tax complexity" as their reason for leaving, a higher proportion than the 19.4% who considered "price volatility" to be the main factor. For investors who remain in the market, price volatility and tax challenges are nearly equally important. 61.4% of current holders view price volatility as the main challenge, while 60% say that tax filing is a key obstacle. In Japan, cryptocurrency gains are classified as "miscellaneous income" and can be taxed at rates up to 55%. Investors are also required to accurately record every transaction and convert it to yen, making the process daunting for many ordinary investors.

Bitcoin fell another 0.70% in the past 24 hours, continuing its recent volatility, and this trend is raising more and more concerns about “institutional manipulation.” Several analysts have pointed out that Bitcoin’s frequent sharp drops around the opening of the US market occur with too much regularity, suggesting the involvement of concentrated high-frequency trading institutions. Currently, the core question in the market is whether Bitcoin’s weakness is caused by internal manipulation rather than natural market dynamics. Although the fourth quarter is usually a strong period for Bitcoin, since the market crash on October 10, Bitcoin has not only failed to recover but has continued to underperform US stocks. US stocks are up 8% with several stocks hitting new highs, while Bitcoin remains 29% below its pre-crash level.

Odaily Planet Daily News: According to a post by Ethereum community member Joseph Young on X, data from Artemis shows that over the past three months, Ethereum ranked first among public blockchains in terms of stablecoin net inflows, with approximately $12.5 billion worth of stablecoins flowing into the Ethereum network. There is no doubt that ETH is currently dominating the stablecoin market. Note: Solana and Plasma ranked second and third, respectively.

Bernstein, which manages approximately $800 billion in assets, has recently published a Bitcoin research report that has drawn significant attention from the market. The firm states that Bitcoin’s decade-long “four-year halving cycle” has officially ended, and a long-term bull market phase led by institutional capital is taking shape. According to the report content shared by VanEck executive Matthew Sigel, Bernstein believes that Bitcoin’s current structural demand is being reshaped by institutional buying. Although Bitcoin’s price has recently corrected by nearly 30%, ETF outflows have remained under 5%, indicating that most institutional buyers view BTC as a strategic asset rather than a short-term trading tool. This sustained net ETF inflow is highly consistent with the long-term accumulation trend of large institutions and also reflects that the structure of the Bitcoin market is undergoing profound changes.

According to Gate News Bot on December 9, citing CoinMarketCap data, as of press time, FHE (Mind Network) is currently priced at $0.05, up 47.23% in the past 24 hours, reaching a high of $0.05 and a low of $0.01. The 24-hour trading volume reached $47.4 million. The current market capitalization is about $18 million, an increase of $5.78 million compared to yesterday. Mind Network is a pioneer in FHE (Fully Homomorphic Encryption) infrastructure, dedicated to providing foundational services for fully encrypted networks. Its core technology, FHE, is known as the "Holy Grail" of cryptography and is built on lattice cryptography. In 2024, it was recognized by the U.S. National Institute of Standards and Technology (NIST) as the post-quantum encryption standard.

A survey shows that among Japanese cryptocurrency holders, 22.2% exited due to tax complexity and 19.4% due to price volatility. Investors generally consider tax complexity and volatility as major challenges, and the need to track transactions and calculate gains and losses leads some to feel that the administrative burden outweighs the benefits.