Something extremely terrible is happening to the US economy, and almost no one is talking about it publicly.

On Dec 09, 2025, 10:40 AM(UTC). According to Binance Market Data, Ethereum has dropped below 3,100 USDT and is now trading at 3,098.919922 USDT, with a narrowed 1.86% decrease in 24 hours.

On-chain data indicates growing whale participation in Falcon Finance, with several large $FF token withdrawals from centralized exchanges over the weekend and a spike in high-value staking deposits across the protocol’s vaults. Analysts monitoring blockchain activity identified three major $FF transfers from leading exchanges, movements that may suggest accumulation or early positioning ahead of further staking activity. One wallet starting with 0xb39b withdrew 27.18 million FF (approximately $3 source: https://finbold.com/high-value-wallets-flow-into-falcon-finance-as-whale-staking-picks-up/

The total cryptocurrency market capitalization slid to around $3. 15 trillion. source: https://cryptopotato.com/bitcoin-btc-retreats-to-90k-hyperliquid-hype-plunges-by-9-daily-market-watch/

Expectations for a December rate cut are now overwhelming. New CME FedWatch data shows markets pricing an 89. 4% probability that the Federal Reserve will lower its target range to 3. 50%–3 source: https://www.ethnews.com/wall-street-braces-for-a-decisive-fed-cut-as-market-odds-hit-89/

As Bitcoin hovers around $91,000 in early December 2025, Bloomberg's senior strategist Mike McGlone warns of a year-end drop below $84,000. source: https://btcusa.com/bitcoin-set-to-close-2025-below-84000-bloombergs-mike-mcglone-issues-stark-warning/

About 40% of Canadian crypto users are failing to report taxes or are at high risk of non-compliance, making enforcement difficult. The CRA has recovered millions through audits but faces challenges due to anonymous transactions, while new laws and reporting rules are planned for 2026 to improve oversight.

Swiss Blockchain Federation calls for clear and innovation-friendly rules for crypto providers in the FINIG revision. The article Federal Council proposes FINIG overhaul for crypto companies was first published on Crypto Valley Journal. source: https://cryptovalleyjournal.com/focus/background/federal-council-proposes-finig-overhaul-for-crypto-companies/?utm_campaign=rss_reader&utm_medium=rss&utm_source=feed_source&utm_content=Federal+Council+proposes+FINIG+overhaul+for+crypto+companies

On Dec. 7, at 05:29 UTC, someone deployed a token called “year of yellow fruit” on-chain. Less than one minute later, the Binance Futures official account posted text and images promoting the token. Within two hours, the token surged 4,600% and reached nearly $4 million in market cap source: https://cryptoslate.com/binance-confirmed-a-rogue-employee-used-the-company-account-to-pump-a-personal-token-4600-in-minutes/

The OCC says crypto firms applying for bank charters should be treated the same as traditional banks. source: https://www.cryptopolitan.com/treat-crypto-banks-like-regular-banks/

The Federal Reserve is about to hold its FOMC meeting, and former Fed Vice Chair Lael Brainard stated in an interview that if she were to participate in the upcoming interest rate decision, she might opt ​​for a hawkish rate cut. Brainard indicated that, given the lack of official data, she would refer to employment data from non-governmental sources such as ADP and Revelio Labs (both of which show a decline in US job creation). Given that the Fed does not want to see the economy enter a self-reinforcing downward spiral leading to more layoffs, she personally favors one more rate cut, followed by maintaining the rate unchanged for a period, with a firm commitment to reducing inflation to 2% over the next two years—a so-called hawkish rate cut. She stated that for Americans, the primary concern is inflation and prices. (Jinshi)

Bitcoin traded lower on Tuesday as investors remained cautious ahead of a major Federal Reserve policy meeting, where markets overwhelmingly expect a quarter-point rate cut but remain uncertain about the path of easing into 2026.The world’s largest cryptocurrency slipped 1.5% to $90,011 at 01:16 ET (06:16 GMT), holding within its recent $90,000–$92,000 range amid fading momentum and thin liquidity.Cautious Trading Ahead of Fed DecisionWith the Fed’s two-day meeting set to begin today, traders avoided taking new directional positions.Futures markets imply an 87% probability of a 25-basis-point cut, driven by:Cooling U.S. labor-market indicatorsModerating, though still persistent, inflationSofter economic data entering year-endHowever, Fed officials remain divided, leaving open the risk of a surprise hold—a scenario that would weigh on risk assets, including crypto.Lower rates typically weaken the U.S. dollar and reduce yields on cash and bonds, supporting assets such as Bitcoin. BTC’s late-2024 resurgence was fueled largely by expectations of a prolonged Fed easing cycle.MicroStrategy Adds 10,624 BTCMicroStrategy (NASDAQ: MSTR), the world’s largest Bitcoin-treasury company, revealed it purchased 10,624 BTC between Dec. 1–7 at an average price of $90,615.The firm now holds 660,624 BTC, solidifying its position as a key institutional driver of BTC demand.The purchase comes as MicroStrategy risks potential removal from major equity benchmarks such as MSCI, a move that could trigger outflows from index-tracking funds.Altcoins Trade Soft as Broader Market Stays Risk-OffMost large-cap cryptocurrencies drifted lower:Ether (ETH): −0.8% to $3,104XRP: −1.4% to $2.05Solana (SOL): −2%Polygon (MATIC): −2%Cardano (ADA): flatDogecoin (DOGE) and TRUMP: −1%Across majors, intraday rebounds continue to be sold into, reflecting defensive positioning ahead of the Fed.Why the Crypto Market Is Down TodayAfter a brief rebound, digital assets are trading modestly lower. The prevailing message across trading desks: “steady but fragile.”Key Drivers Behind Today’s Pullback1. Fed uncertaintyWhile a 25 bps cut is priced in, markets lack clarity on:How many cuts will follow in 2026The Fed’s latest view on inflation risksWhether policy will stay dovish into a potential slowdownA less dovish message could weigh sharply on crypto.2. Year-end liquidity + profit-takingSeasonally thin order books mean small sell orders move price more dramatically.After 2024–2025 rallies, many traders used recent bounces to:Lock in profitsReduce leverageLimit exposure into event risk3. Technical range-bound structureBitcoin remains trapped between:Support: mid-$80Ks to high-$80KsResistance: low-$90Ks to mid-$90KsRepeated failures to break above $92–93K have encouraged short-term “fade the bounce” strategies.4. Sentiment remains cautiousThe Crypto Fear & Greed Index at 25 signals persistent fear:Weak risk appetiteRallies sold quicklySignificant cash remains sidelinedTechnical Picture: No Breakout Signals YetBTC continues to oscillate inside a broad multi-week range:Support: $86,000–$88,500Resistance: $92,000–$95,000Until either boundary breaks decisively:Bulls lack convictionBears lack momentumSideways volatility continuesEthereum and other majors show similar patterns—failed breakouts, quick reversals, and low follow-through buying.What to Watch Next1. The Fed’s tone and Dot PlotA surprise “hawkish hold” or slower easing path could hit risk assets.A dovish message could lift BTC back toward $94–95K.2. BTC reaction at $90KBreak below $90K exposes the $88K pocket.Holding above keeps the range intact.3. ETF flowsInflows into BTC and ETH spot ETFs will signal whether institutional demand is returning or stepping back.4. Liquidity conditionsOrder-book depth typically thins sharply into year-end; volatility may increase.5. Sentiment recoveryA shift from fear to neutral often precedes sustainable upside.

From DeFi to RWA, and now to the SEC's conclusion of its investigation, Ondo has seized every market opportunity, which may be the secret to its continued popularity.

When the "Fear & Greed Index" remains in an unsettlingly low range for an extended period, the market is often shrouded in fear and uncertainty.

A Binance employee was suspended for using insider information to promote a new token on the exchange’s official social media account. The token gained rapid attention and value, and Binance rewarded whistleblowers while promising stronger controls to prevent similar misconduct.

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Fidelity CEO Abigail Johnson shared insights on topics such as Bitcoin and early mining, crypto custody, stablecoins, innovative investment models, and "building your own vs. acquiring."

ChatGPT users saw prompts in their chats that looked like ads, causing confusion and concern. OpenAI said these were just experimental app suggestions, not paid advertisements, and has now removed the feature.

This Thursday (Beijing time), the Federal Reserve will announce its final interest rate decision of the year.

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