Magma Finance Completes $6 Million Funding Round, with Participation from SevenX Ventures

Glassnode noted in social media data released today that Ethereum’s daily total network fees (90-day moving average) have fallen below 300 ETH per day since early November, hitting the lowest level since July 2017.

December 8th (Coindesk) — Tether-backed mobile payment app Oobit has announced a partnership with Bakkt, set to officially launch in the U.S. this Monday, December 9th. The app’s “tap to pay” solution integrates with non-custodial wallets including Base, Binance, MetaMask, Phantom, and Trust Wallet, enabling users to spend cryptocurrency directly via iOS and Android devices. Merchants will receive real-time fiat settlements through the established Visa payment network.

December 8: Jupiter’s official social media announcement states the HumidiFi (WET) public sale has been delayed and will now open in 10 minutes.

On December 8, Pye Finance closed a $5 million seed funding round led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent, Gemini, and other firms. The startup is building an on-chain marketplace on Solana for time-locked staking positions, with the goal of making locked equity transferable and simpler to integrate into term-based products.

Bitcoin briefly dropped below $91,000 on December 8, according to HTX market data. It is currently trading at $91,096, with a 3% 24-hour price decline.

December 8 – Wall Street firm Bernstein said in its latest research note: “Given the recent market correction, we believe the Bitcoin cycle has broken its four-year pattern (i.e., peaking every four years) and is now entering an elongated bull market cycle—with institutional buying remaining sticky enough to offset any panic selling by retail investors. Despite Bitcoin’s ~30% pullback, we note less than 5% of outflows have come through ETFs. We’ve therefore revised our Bitcoin price target to $150,000 for end-2026 and expect this cycle’s peak could hit $200,000 in 2027. Our long-term target (through 2033) remains ~$1 million.” ### Key adjustments for U.S. English/financial tone: 1. **简洁性**: Used *firm* (Wall Street常用) instead of *institution*; *research note* (快讯常用) instead of *analysis report*; *~* (数字缩略) instead of *about/around*. 2. **流畅性**: Added em dash for clear逻辑衔接; *remaining sticky enough* (更自然的表达“sticky buying”)；*could hit* (口语化替代 *potentially reach*). 3. **准确性**