Bitcoin experienced its weakest November since 2018, with selling pressure mainly coming from the European session.

On December 9th, analyst @ali_charts noted that Bitcoin may either break out of a bearish flag pattern or drop to $70,000.

Per monitoring by Trends News (via its Telegram channel @trendsnewsCN), a photo of Biden extending his hand—emitting a blinding HDR glow—has gone viral online. Users with retina displays often find these HDR images painfully bright. Soon, the image spread widely, with users sharing it en masse—and others creating new HDR visuals designed to overwhelm viewers with extreme brightness. Before long, social media timelines were flooded with these intensely bright HDR posts. In short, these images have turned into virtual "flashbangs"—catching users off guard with sudden, blinding bursts of light. Right now, the token boasts a 1-hour trading volume of 500k, while community members are flooding timelines with all kinds of HDR images to amp up the "flashbang" effect. Picture this: You’re scrolling through your phone late at night, curled up in bed, when a blaring HDR image hits you out of nowhere—making you feel like you’re about to be blinded. That’s exactly what the Flashbang commun

According to Trend News monitoring, the U.S. Department of Education’s official Twitter (X) account posted a viral video: it overlaid a "Pinocchio Long Nose Counter" onto a clip of teachers’ union president Randi Weingarten’s interview, implying her comments on Trump’s education reform were "lies." This marks a long-running point of contention between the Trump camp and the teachers’ union — viewed as direct official-level mockery that quickly escalated the conversation. As the video went viral, "Pinocchios" emerged as a new internet slang term. Online platforms flooded with long-nose memes targeting politicians. Discussion spilled over to the Solana blockchain, where users launched a token called PINOCCHIO. Within 24 hours, 19 same-named projects popped up: the mainstream consensus version saw its 24-hour trading volume surge to $1.1 million, hit a peak market cap of $210,000, and gained 866 holders. Political memes’ staying power has fueled ongoing spillover buzz — after all

On December 9, the Zcash development team put forward a dynamic fee scheme to address skyrocketing transaction fees during network congestion—an issue stemming from the network’s fixed rate model. The new proposal, released by Shielded Labs, recommends using the median fee from the past 50 blocks as the base fee, with logarithmic scaling applied in powers of 10. It also introduces a 10x fee priority lane during congestion to prevent users from being priced out of the network. The scheme will roll out in phases and could ultimately be implemented as a simple consensus change, avoiding the need for a complex design like Ethereum’s EIP-1559. (CoinDesk)

**December 9 Update** OKX’s “Flash Swoop-In” event for the Midnight (NIGHT) token officially kicks off at 16:00 UTC+8 on December 9, per official sources. This round’s total NIGHT token allocation hits 4 billion—10x the size of the platform’s previous airdrop for the token. The event targets OKB holders and users of other supported tokens. Participants can subscribe using OKB, USDT, BTC, ETH, or ADA, with a minimum threshold of ~$100. Subscription limits rise with user tiers, ranging from Regular to VIP7+. To join, open the OKX app, tap the “Earn Rewards” section in the top-left corner, and navigate to the Flash Swoop-In page to claim rewards immediately. Separately, OKX will support NIGHT airdrops to holders of ADA, BTC, ETH, SOL, XRP, BNB, AVAX, and BAT (per Midnight’s official rules). The first round of this airdrop totals ~40 million NIGHT tokens.

On December 9, James Wynn issued repeated warnings that both the cryptocurrency and stock markets are poised for a "bloodbath," urging investors to prioritize "wealth preservation and security." Prior to this, on December 4, the "bankrupt" trader confirmed in a post that he had closed his Bitcoin short position five days earlier. He expressed optimism about a rebound, expecting Bitcoin to climb to a range of $97,000 to $103,000 before a subsequent decline. Per his chart analysis, Wynn projects Bitcoin could drop to a low of $46,618. On November 10 and 25, Wynn made two bearish calls on Platform X, accurately warning of Bitcoin’s downturn—though the magnitude of the drop fell far short of his predicted $67,000 level.