Gemini's pre-market trading up over 14% after being approved for entry into the prediction market
On December 11, cryptocurrency exchange Gemini Space Station Inc. (ticker: GEMI) surged over 14% in premarket trading, after reports emerged that the firm had secured approval to enter the prediction market space.
This Wednesday, Gemini received the green light from the U.S. Commodity Futures Trading Commission (CFTC) to operate a Designated Contract Market (DCM). Its prediction platform, Gemini Titan, will launch initially with classic binary event contracts—defined as “simple yes/no questions about future events.”
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Analysis: Bitcoin's next key support level is $88,500, with structural selling pressure dominating the market
Bloomberg reported on December 11th that Bitcoin remains weakened following weeks of selling pressure. After the Federal Reserve announced a 25-basis-point rate cut, Asian equities tracked Wall Street higher—but Bitcoin dropped during Asian trading, failing to lift cryptocurrency trader sentiment.
Sean McNulty, head of derivatives trading for FalconX in the Asia-Pacific, noted Bitcoin’s next key support level is $88,500, with $85,000 serving as a “critical threshold.”
On Wednesday, U.S. Bitcoin ETFs posted a net inflow of $224 million—yet Bitcoin still couldn’t hold above $94,000, confirming structural sell-off pressure has outweighed demand.
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BiyaPay Analyst: Trump Criticizes Fed's Rate Cut as Too Small, Should Be Doubled at Least, Bitcoin to Drop Below $90,000
On December 11, the Federal Reserve announced an additional 25-basis-point rate cut, lowering its interest rate range to 3.50%-3.75%—marking the third rate cut this year.
Following the announcement, the crypto market saw volatility: Bitcoin briefly surged to $94,500 before quickly falling back below $90,000.
Former President Trump criticized the cut as “too small—it should be at least doubled” and again hinted at a potential replacement for the Fed Chair.
BiyaPay analysts noted the rate cut failed to shift the market’s uncertain outlook on the future economy and inflation, which has widened macroeconomic divergences and could drive further short-term volatility in crypto prices.
For users trading U.S. stocks, Hong Kong stock futures, or digital assets with USDT on BiyaPay, we recommend carefully managing leverage and position sizes to avoid emotional chasing of gains or panic selling.
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Huobi Leveraged Double Festivities: Up to 30% Fee Rebate, Limited-Time Zero Interest for USDC Cross-Margin
On December 11, Huobi HTX officially launched its **Double Festive Leveraging Gala** per an official announcement. The event runs from now through December 25 at 12:00 UTC+8, with year-end perks fully upgraded and two core promotions live simultaneously to help users trade leveraged assets at lower costs.
### Event 1: Leveraged Trading Fee Cashback (Up to 30%!)
All leveraged assets are eligible. Users meeting cumulative trading volume requirements during the event will receive **tiered fee cashback**—the more you trade, the higher the rebate (capped at 30%).
### Event 2: Limited-Time Zero Interest on USDC Cross-Margin Trading
Participants in USDC cross-margin leveraged trading qualify for **zero interest on USDC borrowings** (limited time). Interest will accrue as normal during the event, but all accrued interest will be credited back to users’ accounts in USDT at the event’s conclusion—delivering a true zero-interest experience.
All key details are aligned with U.S. English
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Polymarket's prediction on whether "Bitcoin will reach $100,000 again this year" has seen its probability drop to 29%.
On December 11, the current probability on Polymarket for the prediction “Bitcoin will rise to $100,000 again this year” is 29%. Additionally, the chance of it hitting $110,000 again stands at 8%, while the probability of it falling below $80,000 is 26%.
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