Ethereum Gas Fee Continues to Drop, Now at 0.352 Gwei

December 8 — Per official sources, Magma Finance has closed a $6 million funding round led by HashKey Capital, SNZ Holding, SevenX Ventures, Puzzle Ventures, and Topspin Ventures. The capital will be used to build the most adaptive liquidity engine on the Sui network.

On December 8th, IG Group analyst Chris Beauchamp noted that as the Federal Reserve is widely expected to begin cutting interest rates this week, Bitcoin and other cryptocurrencies look set to extend their recent rebound. Easing monetary policy could push capital into the crypto market, especially after recent pullbacks have opened up more appealing entry points. Weekend dips in Bitcoin and Ethereum drew buyers, suggesting a short-term bottom may have already formed. (Bloomberg)

Official sources confirmed on December 8 that Binance Alpha will list Humidifi (WET) on December 9. Eligible users can claim the associated airdrop with Binance Alpha points via the Alpha Events page once trading commences.

**December 8 — BitMine announced Wednesday its total holdings of cryptocurrency, cash and “potential assets” have reached $13.2 billion.** As of 4:00 PM Eastern Time on December 7, the company’s asset breakdown includes: - 3,864,951 Ethereum (ETH) - 193 Bitcoin (BTC) - $36 million in Eightco Holdings (NASDAQ: ORBS) equity - $1 billion in cash Thomas “Tom” Lee, chairman of Fundstrat and BitMine, noted: “Over the past week, BitMine added 138,452 ETH to its holdings — a 156% jump from the 54,156 ETH it added on average per week four weeks ago (the week of Nov. 17). Our accelerated buying reflects confidence that ETH prices will strengthen in the coming months, driven by multiple catalysts. “The Fusaka upgrade (also called Fulu-Osaka) went live Dec. 3, delivering enhancements to scalability, security and usability. The Federal Reserve has taken key December actions, including ending quantitative tightening, and is expected to cut interest rates again Dec. 10. “More th

Robinhood said Monday (Dec. 8) it’s rolling out new features to attract more high-level, high-volume crypto traders in the U.S. and EU—including lower fees and increased leverage for altcoin futures. In a press release, the firm noted it expanded U.S. fee tiers from three to seven, with rates as low as 0.03% for high-volume users. In the EU, perpetual futures traders can now access new pairs for XRP, DOGE, SOL and SUI; eligible customers qualify for up to 7x leverage. Johann Kerbrat, Robinhood’s SVP and GM of Crypto, commented: “For years, Robinhood was pegged as a crypto platform for low-volume traders or casual dabblers—forcing more advanced users to look elsewhere for sophisticated tools.” Kerbrat acknowledged the company previously lacked services high-volume traders demanded, creating a competitive gap. Now, with U.S. fee cuts and expanded EU futures offerings, he says Robinhood can draw more sophisticated traders.

On December 8, Morgan Stanley analyst Michael Wilson said the U.S. stock market is poised for a bull market rally in 2026, citing expanding market leadership, improving corporate earnings, and a only mildly soft labor market. He expects the consumer discretionary sector and small-cap stocks—both recently upgraded to overweight ratings—to continue outperforming the broader market, driven by stabilized prices, rising commodity demand, upward earnings revisions, and interest rate cuts. Wilson noted the Federal Reserve remains a key catalyst, but added the Nasdaq 100’s earnings trend has strengthened since late October. With the labor market weakening gradually rather than sharply, he sees a supportive environment for equities. (Source: Bloomberg)