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1Bitget Daily Digest (Dec. 11)｜The Federal Reserve announced a 25 bps cut to the benchmark rate; Bitmine purchased 33,504 ETH; CBOE has approved the listing and registration of the 21Shares XRP ETF2Conflicted Fed cuts rates but Bitcoin’s ‘fragile range’ pins BTC under $100K3Full text of the Federal Reserve decision: 25 basis point rate cut, purchase of $4 billion in Treasury bills within 30 days
Bitcoin Faces Struggles as Market Volatility Intensifies
In Brief Bitcoin struggles under $90,000, affecting market dynamics. Altcoin market sees significant downturn and investor panic. Regulatory news in the U.S. impacts cryptocurrency trends.
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Crypto: The PEPE memecoin site redirects to a malicious link
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21Shares Launches First Leveraged Sui ETF in the U.S. as Network Activity Surges
Cointribune·2025/12/06 16:45
Crypto: US prosecutors demand 12 years in prison for Do Kwon
Cointribune·2025/12/06 16:45
Transformative Move: France’s Banking Giant BPCE Embraces Crypto Trading Services
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Clear Street IPO: The Bold $2 Billion Move Merging Wall Street with Crypto
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Revolutionary Stablecoin Card: Western Union’s Bold Move to Shield Millions from Inflation
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Bitcoin Recovery Phase Begins: 3 Powerful Signals Confirm the Crypto Rebound
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Essential Guide: Vitalik Buterin’s Vision for an On-Chain Gas Futures Market
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ProCapBTC SPAC Merger: The Bold Move That Puts Bitcoin on Nasdaq
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Flash
- 12:29Terraform Labs founder Do Kwon to be sentenced today, may face 12 years in prisonJinse Finance reported, citing market sources: Do Kwon, the founder of Terraform Labs and the main instigator of the 2022 Terra/LUNA and UST ecosystem collapse, will be sentenced later today in New York. He pleaded guilty to multiple charges in August this year, including conspiracy to commit commodities fraud, securities fraud, and wire fraud. Prosecutors, citing several factors including his guilty plea, have requested the court to sentence Kwon to 12 years in prison.
- 12:29Reserve Rights proposes new plan to burn approximately 30 billion RSR tokensChainCatcher reported that Reserve Rights (RSR) has released a token structure reform proposal (RFC‑1269), which includes plans to burn approximately 30 billion RSR tokens to reduce total supply, and to introduce a governance-based veRSR issuance mechanism to enhance holder participation and governance weight.
- 12:15Anza Chief Economist Max Resnick: SOL trading volume on the Solana network is already three times that of a certain exchange, with competition extremely intense.ChainCatcher reported that Max Resnick, Chief Economist at Solana research and development company Anza, stated at the Solana Breakpoint conference, "We reached 100,000 TPS in May. Not on a testnet, not in a whitepaper, but on mainnet. The market structure is also evolving in real time: proprietary market makers are tightening spreads, and now the SOL-USD trading volume is already three times that of a certain exchange. Competition is extremely intense, and the order book is getting tighter and deeper every day."
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