Bitcoin Surges Past $89,000

On December 8, investor Shuo Manzi posted an article on X recounting Binance’s development history. The piece claimed that in June 2014, Binance leader CZ first met He Yi—then OKCoin’s co-founder and CMO—at a blockchain meetup in Shanghai. Allegedly, the two talked for 10 hours, covering everything from Bitcoin’s core philosophy to exchange operations, and He Yi invited CZ to join OKCoin Global as CTO. In response, CZ commented: “Many details are inaccurate; I won’t go through each one. My first meeting with He Yi was just a hello—no actual conversation, let alone 10 hours.”

December 8th – Market chatter points to a likely Bank of Japan (BOJ) rate hike this month, yet investors are still betting the yen will keep weakening. Traders at Bank of America, Nomura Holdings, and RBC Capital Markets Canada note investor positions reflect this bearish yen bet. Citigroup’s “Yen Pain Index” remains deeply negative, signaling ongoing negative sentiment toward the currency. Even as BOJ Governor Haruhiko Kuroda has hinted at a near-term rate hike, and the bank is reportedly prepping to raise rates in December if the economy or financial markets don’t take a hit, investors are sticking to their yen bearishness. That’s because even if the BOJ acts, Japan’s yields are still expected to lag far behind those in the U.S.—a dollar-positive dynamic. Bank of America’s Asia-Pacific head of G-10 currency trading, Ivan Stamenovic, says: “Positions still favor betting the dollar will keep rising against the yen through year-end—this trend won’t shift unless the BOJ delivers

December 8 Official sources confirm the U.S. Securities and Exchange Commission (SEC) Cryptocurrency Working Group will host a public roundtable on Financial Regulation and Privacy at SEC headquarters on December 15 (local time) to explore related policy issues. The meeting will be livestreamed online.

**Dec. 8 (per Alternative Data) — The cryptocurrency Fear & Greed Index stands at 20 today, unchanged from yesterday, signaling the market remains in "extreme fear" territory.** *Note: The index ranges from 0 to 100 and incorporates these weighted metrics: - Volatility (25%) - Market Trading Volume (25%) - Social Media Hype (15%) - Market Sentiment (15%) - Bitcoin Dominance (10%) - Google Trends Analysis (10%)*

**December 8** Even as markets appeared to price in another Fed rate cut last Friday—pushing U.S. stocks near record highs—the real driver of the stock market and other risk assets’ rally this week (post-Fed policy meeting) may not be interest rates after all. After quietly pausing its balance sheet runoff, the key could lie in how the Fed manages its massive balance sheet and whether it will inject fresh liquidity into markets. Bank of America’s global rates strategy team said Friday it expects the Fed to announce this week that it will begin purchasing Treasury bills (maturities ≤1 year) at a $45 billion monthly pace starting in January, as part of “reserve management operations.” Some argue this timeline could stretch longer, and the Fed may not need aggressive steps to keep markets functioning smoothly. Roger Hallam, global head of rates at Vanguard Asset Management, forecasts the Fed will start buying T-bills at a $15 billion–$20 billion monthly clip by the end of Q1 or ea

On December 8th, HyperInsight monitoring shows that over the past 3 hours, as ETH briefly dipped to $3011, Huang Licheng partially closed approximately $4.81 million in ETH long positions to lower his liquidation price. His current ETH long position totals around $11 million, with $310,000 (71%) in unrealized profit, an average entry price of $3028, and a liquidation price of $3010. Previously: On the 24th, this address deposited $1 million to open an ETH long position. Yesterday, the position was partially liquidated before being stopped out, realizing a ~$730,000 loss—dropping the account balance from nearly $3 million to $220,000. He then opened a 25x leveraged ETH long position at the low, rolled with the trend, and now holds an account balance of roughly $570,000.