Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

On December 8, Pye Finance closed a $5 million seed funding round led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent, Gemini, and other firms. The startup is building an on-chain marketplace on Solana for time-locked staking positions, with the goal of making locked equity transferable and simpler to integrate into term-based products.

Bitcoin briefly dropped below $91,000 on December 8, according to HTX market data. It is currently trading at $91,096, with a 3% 24-hour price decline.

December 8 – Wall Street firm Bernstein said in its latest research note: “Given the recent market correction, we believe the Bitcoin cycle has broken its four-year pattern (i.e., peaking every four years) and is now entering an elongated bull market cycle—with institutional buying remaining sticky enough to offset any panic selling by retail investors. Despite Bitcoin’s ~30% pullback, we note less than 5% of outflows have come through ETFs. We’ve therefore revised our Bitcoin price target to $150,000 for end-2026 and expect this cycle’s peak could hit $200,000 in 2027. Our long-term target (through 2033) remains ~$1 million.” ### Key adjustments for U.S. English/financial tone: 1. **简洁性**: Used *firm* (Wall Street常用) instead of *institution*; *research note* (快讯常用) instead of *analysis report*; *~* (数字缩略) instead of *about/around*. 2. **流畅性**: Added em dash for clear逻辑衔接; *remaining sticky enough* (更自然的表达“sticky buying”)；*could hit* (口语化替代 *potentially reach*). 3. **准确性**

On December 8, Bitget announced via an official statement the launch of U-based stable perpetual contracts, offering leverage ranging from 1x to 25x. Contract trading bots will also go live simultaneously.

On December 8th, market data showed the following moves at the opening of U.S. stock trading: - Dow Jones Industrial Average: Down 0.06% - S&P 500 Index: Up 0.09% - Nasdaq Composite: Up 0.32% Crypto-related stocks saw broad gains, with key moves below: **Gainers** - Coinbase (COIN): +1.52% - Circle (CRCL): +1.72% - MicroStrategy (MSTR): +2.61% - Bullish (BLSH): +1.57% - Bitmine (BMNR): +4.9% - SharkLink Gaming (SBET): +4.34% - BTCS (BTCS): +1.65% - American Bitcoin (ABTC): +1.79% **Decliners** - BNB Network Company (BNC): -1.47% - ALT5 Sigma (ALTS): -0.7% 注：调整为美式财经快讯常见的**板块化、符号化**表达，用冒号/符号替代冗余文字，分类清晰（Gainers/Decliners），符合美国受众快速获取信息的习惯，无汉字。

**December 8 – Official sources confirm Intercont (Cayman) Limited (Nasdaq: NCT) has signed a letter of intent to acquire a minority stake of less than 50% in Singapore-based Web3 firm Starks Network Ltd. The pair will jointly advance the zCloak Network project, formally moving into on-chain digital asset infrastructure development.** **zCloak Network is known for its AI digital identity, enterprise-grade self-custody wallet, stablecoin payments, and AI encryption payment tech. It has secured backing from top institutions including Coinbase Ventures.** **The collaboration will apply Web3 to digitalize shipping trade payments and business processes, accelerating the industry’s smart transformation.** **NCT and Starks noted the acquisition is a key step to advance the group’s long-term strategy and explore cross-industry expansion. Together, they will drive enterprise-grade Web3 adoption in global shipping and trade.**