Bitget is launching the 6th round of VIP Promotion Event, where upgrading to Contract VIP1 will unlock 15,000 BGB.

On December 10, HTX market data shows HumidiFi’s WET token briefly surged above $0.25. It’s currently trading at $0.245, marking a over 255% jump from its public sale price of $0.069.

On Tuesday, hundreds of dormant Bitcoin wallets tied to the defunct dark web marketplace Silk Road reactivated after over a decade of inactivity, transferring funds to a single unknown address, per The Block. Arkham’s data indicates roughly 312 Silk Road-linked wallets moved a total of $3.14 million worth of BTC to the address “bc1q...ga54” that day. The reason for the sudden activity remains unclear. As of Wednesday, those wallets still hold approximately $41.3 million in Bitcoin.

On December 10, Fogo—an SVM-based Layer 1 blockchain project—announced it will launch a presale for its FOGO token on December 17. The presale will make 2% of the total FOGO genesis supply available, and USDC transfers are now open for users to prefund their wallets. Token distribution will occur simultaneously with the launch of Fogo’s mainnet.

On December 10th, per monitoring from Farside Investors, Bitcoin ETFs saw net inflows of $151.9 million yesterday, while Ethereum ETFs recorded net inflows of $177.7 million.

On December 10, GSR OTC Trading Director Spencer Hallarn said: "I think most long positions in the market have already been liquidated, creating a skeptical base. The perpetual contract funding rate is very low—even negative—meaning there’s not much leverage in the market. Overall, this setup is actually pretty favorable for the Santa rally. I see the year-end market outlook as promising."

**December 10 Update: Coinbase Institutional** Coinbase Institutional noted in a social media post on December 10 that November’s market volatility could lay the groundwork for December’s price action. Key November metrics: - BTC, ETH and SOL perpetual contract open interest fell 16% month-over-month. - U.S. spot ETFs posted $3.5 billion in BTC outflows and $1.4 billion in ETH outflows. - BTC perpetual contract funding rates briefly dipped below 2 standard deviations of their 90-day moving average before rebounding. Coinbase Institutional attributes the market’s cautiously optimistic tone to the clearing of speculative froth: systemic leverage has dropped from ~10% of total market cap this summer to 4–5%, signaling a healthier market structure and reducing the likelihood of a sharp pullback through year-end.