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Bitcoin has recently plummeted by 28.57%, leading to market panic and a liquidity crunch. However, long-term structural positives are converging, including expectations of Federal Reserve rate cuts and SEC regulatory reforms. The market currently faces a contradiction between short-term pressures and long-term benefits. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved.
The Stable public blockchain has launched its mainnet. As a project associated with Tether, it has attracted significant attention but performed poorly in the market, with its price plummeting by 60% and facing a crisis of confidence. It is also confronted with fierce competition and challenges related to its tokenomics. Summary generated by Mars AI. The accuracy and completeness of the content are still being iteratively updated.
We are undergoing a “purification” that the market needs, which will make the crypto ecosystem better than ever before, potentially improving it tenfold.
🌟🌟Core Data on ETH Staking🌟🌟 1️⃣ Ebunker Ethereum staking annual yield: 3.27% 2️⃣ stET...
- 22:59HSBC: Regulatory Disputes Escalate Among U.S. Authorities Over "Tokenized U.S. Stocks"Jinse Finance reported that an HSBC report stated that the policy dispute among U.S. regulators regarding tokenized stocks has recently escalated, with DeFi becoming a primary regulatory target. Citadel Securities urged the SEC to regulate DeFi protocols as exchanges. The crypto industry, on the other hand, advocates for differentiated rules for decentralized models. The focus of the controversy is a 13-page opinion letter submitted by Citadel to the SEC, arguing that most DeFi protocols already meet the definition of an exchange.
- 22:59RWA platform Real Finance secures $29 million in fundingJinse Finance reported that the real-world asset (RWA) tokenization network Real Finance has secured $29 million in private funding to build the infrastructure layer for RWAs, aiming to make it easier for institutions to adopt tokenized assets. This round of financing includes a $25 million capital commitment from digital asset investment firm Nimbus Capital, with Magnus Capital and Frekaz Group also participating. Real Finance stated that the funds will be used to expand its compliance and operational infrastructure to develop a full-stack RWA platform.
- 22:22If Bitcoin surpasses $94,000, the total liquidation intensity of short positions on major CEXs will reach $578 million.BlockBeats News, December 9, according to Coinglass data, if bitcoin breaks through $94,000, the cumulative short liquidation intensity on major CEXs will reach 578 million. Conversely, if bitcoin falls below $90,000, the cumulative long liquidation intensity on major CEXs will reach 458 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance, or intensity, of each liquidation cluster compared to neighboring clusters. Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to a wave of liquidity.