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.

Dec. 9: The U.S. Department of Labor said it won’t release October’s Producer Price Index (PPI) data.

Update: Traders expect cumulative Fed rate cuts through end-2026 to be below 75bps, per market sources on Dec 8.

On December 8, Jupiter officially announced via social media at 23:40 Beijing time today that it has launched the public sale round for HumidiFi (WET), with the allocation selling out instantly again. Notably, the previous public sale round’s allocation was snapped up by bots in under a second, prompting Jupiter to restart the sale this Monday. Originally set for 23:00 Beijing time tonight, the round was postponed three times. Jupiter DTF briefly showed the sale was pushed to 0:00 on December 9, but the decision was later reverted. As of now, Jupiter’s latest tweet still states the HumidiFi (WET) public sale will launch at 0:00 on December 9, while Jupiter DTF indicates the sale has ended (no countdown for the round is displayed anymore).

December 8 — Bitfinex noted in its latest report that Bitcoin is entering a phase marked by weak spot demand and intertwined persistent structural malaise, with the market showing signs of stabilization but far from a healthy recovery. Though BTC has rebounded from recent lows, it remains range-bound between $84,000 and $91,000 — a stark contrast to the S&P 500 Index, which is nearing all-time highs. This highlights Bitcoin’s growing relative weakness and deepening decoupling from traditional risk assets. On-chain data shows over 7 million BTC are currently in unrealized loss positions, similar to conditions during the early 2022 consolidation phase. This further signals the market’s struggle to rebound to its “true market value” — a critical line distinguishing a mild mid-cycle pullback from a full-blown bear market downturn. Capital inflows, however, remain mildly positive, providing a weak buffer against further downside. Spot demand has deteriorated sharply: U.S. Bitcoin E

On December 8, Onchain Lens data shows a whale address—idle for 7 months—deposited 1.38 million USDC into HyperLiquid and opened a 1x leveraged short position on HYPE. The same whale previously realized a $1.14 million profit.

On December 8th, per data from Whale Alert, Circle minted an additional 2.5 billion USDC on the Solana network at 23:25 Beijing time, bringing the total minted in one minute to 5 billion.