All US Stock Indices in the Red, Cryptocurrency Market Down, Bitcoin Falls Below $122,000

On December 8th, Dark Pool DEX HumidiFi officially announced its new token public sale will launch tomorrow at 11:00 PM Beijing Time.

Cointelegraph reported on December 8 that as Bitcoin enters the fourth year of its halving cycle, other decentralized projects are beginning to roll out similar supply-reduction mechanisms. Bittensor—launched in 2021—is now gearing up for its first halving. Bittensor is a decentralized, open-source machine learning network made up of specialized "subnets" that power an AI service marketplace via incentive structures. The network is poised for its first halving around December 14, when issuance of its native token, TAO, will drop from 7,200 tokens daily to 3,600 tokens daily. Grayscale Research analyst William Ogden Moore noted this event marks a "key milestone in the network’s maturity" as it advances toward its 21 million-token supply cap—aligning with Bitcoin’s fixed supply ceiling.

On December 8, Onchain Lens monitoring data indicates that the Ethena Labs wallet address withdrew another 25 million ENA tokens (valued at roughly $7.05 million) from Bybit 13 minutes ago. Currently, the wallet holds 779.89 million ENA, with an approximate total value of $207.7 million.

December 8: A China Finance Research Report noted that under the baseline scenario, if Kevin Hassett becomes the new Federal Reserve Chair, U.S. Treasury yields and the U.S. dollar could initially decline before rising—with the overall outcome benefiting the U.S. stock market. ### Timeline Breakdown - **Early 2026**: Former President Trump will announce his nomination for the new Fed Chair. - **Hassett’s confirmation path**: He would first need to be nominated as a Fed Governor and confirmed by the Senate, then nominated for the Chair role and undergo a second Senate confirmation. - **May 2026**: Current Chair Jerome Powell’s term expires, allowing the confirmed nominee to officially take office—potentially leading the Fed’s June FOMC meeting. ### Market Impact (per FXStreet) The first quarter of next year is a critical window where the new chair’s nomination will start shaping market expectations. If Hassett leans too dovish during this period, U.S. Treasury yields and t

On December 8th, per HyperInsight’s monitoring, the “1011 Insider Whale” boosted its ETH long position to 54,277 coins (≈$165 million) with 5x leverage, averaging an entry price of $3,048.31. Current unrealized profit stands at $580,000.

On December 8, Binance founder CZ announced via social media that the exchange’s registered users have topped 300 million.