Wintermute, writing on the X platform, stated that as broader macro risk tolerance normalizes, the market is consolidating within a volatile but more resilient range. Crypto activity is narrowing to BTC and ETH, with retail and institutional flows showing a positive skew and relatively low leverage. After two months dominated by macro uncertainty, the market is beginning to show greater tolerance for negative inputs. The market has entered a consolidation phase, with price action largely range-bound over the past two weeks. In the crypto space, this translates to a digestion period rather than a trend-forming one. BTC has rebounded to around $92,000, and the total market capitalization of crypto has rebounded to approximately $3.25 trillion. Last Friday, BTC experienced a sharp intraday drop of around $4,000, triggered by a chain of liquidations, resulting in approximately $2 billion being liquidated within a little over an hour. Weakening Nasdaq momentum is driving funds towards quality assets, triggering a rotation of funds to mainstream coins, with both BTC and ETH receiving inflows from retail and institutional investors. With the Federal Reserve's decision on Wednesday and the Bank of Japan's meeting next week looming, the market is awaiting macroeconomic clarity. The current basis compression suggests limited directional leverage exposure.

The future of finance belongs to on-chain, and tokenized deposits and stablecoins are the necessary infrastructure to achieve this goal.

Comptroller of the Currency Jonathan Gould warned that restricting national trust banks from digital assets would stifle innovation. source: https://decrypt.co/351598/occ-chief-banks-blocking-crypto-custody-is-recipe-for-irrelevance

The crypto market is down today. BTC decreased by 1. 1% to $90,480, and ETH is down by 0. 3% to $3,122. “All eyes are on Bitcoin’s $91,000 resistance level. ” source: https://cryptonews.com/news/why-is-crypto-down-today-december-9-2025/

null source: https://x.com/solidintel_x/status/1998366637565874237

null source: https://x.com/DaanCrypto/status/1998366534482141426

Bitcoin's price action has formed a bearish continuation pattern on the daily chart, potentially pushing BTC to new lows. A sharp decline in spot buying and weakening ETF demand suggest limited upside potential, with the bear flag pattern targeting $67,000. The BTC/USD pair has formed a bear flag pattern on the daily chart. The bear flag pattern formed after the drop from a high of $107,000 on November 11th, with recent rallies rejected near the upper boundary of the flag at $93,000. A daily close below the lower boundary of the flag at $90,000 could open the way for a move towards the pattern's projected target of $67,380 (approximately the 2021 price peak), implying a 25% drop from the current price. Trader Roman posted on the X platform that indicators are oversold, and the current consolidation is cooling them, preparing for a continued downtrend. In its latest report, Glassnode stated that Bitcoin's cumulative volume difference (CVD) for spot trading further narrowed to -$111.7 million from -$40.8 million last week, indicating increased potential selling pressure and a bearish bias in the short term. Glassnode noted that demand for spot Bitcoin ETFs slowed last week, shifting from a net inflow of $134.2 million to a net outflow of $707.3 million, suggesting investors are taking a more cautious approach as they reassess their positions. According to Farside Investors data, ETFs saw another $60 million outflow on Monday. (Cointelegraph)

XRP's network performance is certainly showing a specific level of dominance that occurred after the introduction of ETFs. source: https://u.today/xrp-prints-707000000-in-24-hours-is-this-enough

"Aster’s Hype Cycle Breaks Down – Here Is Why the Market Is Snapping Back to Fundamentals" The recent developments surrounding Aster’s Hype Cycle indicate a significant shift in the market's direction, prompting a reassessment of core principles and values. As the excitement and inflated expectations that often accompany emerging technologies begin to wane, investors and analysts are turning their attention back to the foundational elements that drive sustainable growth and success. This transition signals a critical moment in which the market is recalibrating itself, moving away from speculative trends and focusing on tangible performance metrics, sound financial practices, and the underlying realities of the economic landscape. Understanding the reasons behind this return to fundamentals is essential for making informed decisions in a rapidly evolving marketplace. source: https://blocknews.com/asters-hype-cycle-breaks-down-here-is-why-the-market-is-snapping-back-to-fundamentals/

Despite falling trading volumes, HashKey is pushing ahead with its IPO. source: https://cryptopotato.com/hashkey-seeks-historic-ipo-as-hong-kong-bets-big-on-regulated-crypto/

The absence of new buyers and weakening ETF demand are factors likely to keep the Bitcoin price pinned below $93,000 as a bear flag targets $67,000. source: https://cointelegraph.com/news/bitcoin-bear-flag-pattern-targets-67k-btc-spot-demand-slumps?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

While the United States is still debating "who is in charge of what," and Europe's MiCA is still in its adjustment period, Abu Dhabi has quietly completed the puzzle of its infrastructure.

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

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.

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.

Jupiter and SOLANA: Sparking a Solana "Civil War"? What are Kamino and Jupiter really fighting over? (Golden Finance: The Dispute Between Kamino and Jupiter)

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.