Huobi HTX will be listed on December 9th at NIGHT (Midnight), and will simultaneously add NIGHT/USDT (10X) isolated margin trading.

As of December 7, CoinMarketCap data shows the Altcoin Season Index currently stands at 19. It previously hit a peak of 78 on September 20 and averaged 25 last week. The index indicates that over the past 90 days, roughly 19 of the top 100 cryptocurrencies by market cap have outperformed Bitcoin in price. Note: The CMC Cryptocurrency Altseason Index is a real-time indicator to gauge if the current crypto market is in an altcoin-dominated season. It tracks the performance of the top 100 altcoins against Bitcoin over the past 90 days.

December 7 — Per Onchain Lens monitoring, a newly created wallet deposited 3 million USDC into HyperLiquid and opened a 10x leveraged long position on HYPE.

Dec. 7 — On Polymarket, the probability Bitcoin hits $100k again this year is currently 33%. Also, odds it reaches $110k again stand at 10%, while the chance it drops below $80k is 37%.

As of Dec. 7, per Defillama data, Pump.fun generated $1.09M in revenue over the past 24 hours—surpassing Hyperliquid’s $896k for the same period and ranking third overall, behind Tether ($23.65M) and Circle ($8.15M).

**December 7th** Matt Huang, co-founder of crypto investment firm Paradigm, posted on social media: “I don’t know who needs to hear this, but right now, the crypto industry is having its ‘Netscape moment’ or ‘iPhone moment.’” Its operations are unprecedented in scale—even larger than we could’ve imagined—with growth accelerating at both the institutional and cypherpunk levels. **BlockBeats Note** - **Netscape Moment (1995):** The release of the Netscape browser brought the internet into the mainstream. This marked the web’s transition from niche community technology to widespread adoption. - **iPhone Moment (2007):** The launch of the iPhone sparked explosive mobile internet growth, fundamentally changing how people interact with technology, make payments, socialize, and consume.

On December 7, CME’s FedWatch Tool shows the probability of a 25-basis-point (bps) Federal Reserve rate cut in December stands at 86.2%, while the chance of holding rates steady is 13.8%. The Fed will announce its interest rate decision (covering the period through December 10) at 3:00 a.m. Beijing time on December 11. The expected federal funds rate is 3.75%, down from the prior 4.00% level. Fed Chair Jerome Powell will hold a monetary policy press conference at 3:30 a.m. Beijing time the same day.