Philippine Digital Bank GoTyme Launches Cryptocurrency Service

On December 10, cryptocurrency journalist Eleanor Terrett reported that U.S. bipartisan senators held another meeting today on the "Crypto Market Structure Act" (commonly referred to as the CLARITY Act). Following the session, Senator Mark Warner stated that finalizing the bill’s assessment before the Christmas holiday is “very challenging.” It now appears the U.S. Senate Banking Committee will likely hold off on considering the legislation until the new year.

On December 10th, LookOnChain monitoring data shows that whale address 0xFB3B withdrew 13.44 million ASTER from Binance 8 hours ago, worth roughly $13.04 million. Prior to this move, the same whale had pulled 64.53 million ASTER from Gate when the token’s price was near its $2.07 peak (valued at ~$134 million then). It later deposited those ASTER into Binance at $1.54 apiece—where the holding was worth ~$99.14 million—resulting in an approximate $34.5 million loss.

On December 10, Hyperliquid co-founder Jeff published a post pushing back against claims that the platform’s Auto-Deleveraging (ADL) mechanism transfers profit and loss (P&L) to Hyperliquidity Providers (HLP). Jeff stated ADL does not shift P&L to HLP, treats users and HLP entirely symmetrically, and does not erase the $653 million in profits. On November 28, Hyperliquid activated its Cross-Margin Auto-Deleveraging (ADL) liquidation system across all major perpetual contract markets. The move aims to ensure orderly market operation during periods of extreme volatility—especially when liquidity is tight or large positions are near liquidation. ADL acts as a backup liquidation tool when the insurance fund cannot fully absorb losses from a liquidated position. In such cases, positions of high-leverage traders with large unrealized profits may be partially or fully deleveraged to cover the funding gap. Hyperliquid stresses ADL only triggers under special circumstances, designed to preve

On December 10, Bitwise announced that its Bitwise 10 Crypto Index ETF (BITW) officially launched trading today on the NYSE Arca platform. BITW’s portfolio comprises 10 major crypto assets, weighted by market capitalization and rebalanced monthly.

December 10 — The Federal Reserve’s final 2024 interest rate decision is set to be announced this week. The decision will release at 3:00 AM Beijing time (UTC+8) on Thursday, followed by a monetary policy press conference with Fed Chair Jerome Powell at 3:30 AM Beijing time. Per CME FedWatch, there’s an 87.6% chance of a 25-basis-point rate cut, making a cut tonight all but certain. But the week’s biggest Fed highlight isn’t the rate cut — it’s whether the central bank will signal new liquidity injections and how "politicized" disagreements among officials will reshape 2026 monetary policy direction. Markets are watching for a "balance sheet expansion signal" post-decision. After quietly ending its balance sheet runoff, how the Fed manages its massive holdings and whether it will inject fresh liquidity are key questions. Bank of America’s global rates strategy team said Friday it expects the Fed to announce this week it will begin purchasing U.S. Treasuries with maturities of