Bitget has launched the U-based STABLE perpetual contract, with leverage ranging from 1 to 25x.

December 8 — Bitfinex noted in its latest report that Bitcoin is entering a phase marked by weak spot demand and intertwined persistent structural malaise, with the market showing signs of stabilization but far from a healthy recovery. Though BTC has rebounded from recent lows, it remains range-bound between $84,000 and $91,000 — a stark contrast to the S&P 500 Index, which is nearing all-time highs. This highlights Bitcoin’s growing relative weakness and deepening decoupling from traditional risk assets. On-chain data shows over 7 million BTC are currently in unrealized loss positions, similar to conditions during the early 2022 consolidation phase. This further signals the market’s struggle to rebound to its “true market value” — a critical line distinguishing a mild mid-cycle pullback from a full-blown bear market downturn. Capital inflows, however, remain mildly positive, providing a weak buffer against further downside. Spot demand has deteriorated sharply: U.S. Bitcoin E

On December 8, Onchain Lens data shows a whale address—idle for 7 months—deposited 1.38 million USDC into HyperLiquid and opened a 1x leveraged short position on HYPE. The same whale previously realized a $1.14 million profit.

On December 8th, per data from Whale Alert, Circle minted an additional 2.5 billion USDC on the Solana network at 23:25 Beijing time, bringing the total minted in one minute to 5 billion.

Whale Alert: Circle minted an additional 250 million USDC on the Solana network at 23:25 Beijing time on December 8th. 或更简洁的快讯风格（符合美国媒体常用表达）： Per Whale Alert, Circle issued 250M additional USDC on Solana at 23:25 Beijing time Dec. 8.

December 8th: Per HTX market data, Bitcoin has fallen below $90k, currently trading at $89,980—its 24-hour percentage change has narrowed to 1%.

On December 8, Jupiter DTF data indicates its HumidiFi (WET) public sale has been delayed for the third time—pushed back 30 minutes to launch at 12:00 AM Beijing time on December 9. Reportedly, the prior sale round was snapped up by bots in under 1 second. Jupiter initially planned to restart the sale this Monday at 11:00 PM Beijing time, but has since faced two brief delays.