Bitget Daily Digest (Dec. 9)｜Michael Saylor is promoting a Bitcoin-backed banking system to governments; the CFTC has launched a digital asset pilot program allowing BTC, ETH, and USDC to be used as collateral

Bitget Daily Digest (Dec. 9)｜Michael Saylor is promoting a Bitcoin-backed banking system to governments; the CFTC has launched a digital asset pilot program allowing BTC, ETH, and USDC to be used as collateral

Bitget2025/12/09 02:18

By:Bitget

Today's Outlook

1、U.S. Senator Moreno says crypto bill negotiations are “frustrating,” with year-end legislative progress under heavy pressure.

2、Strategy’s CEO says the company will hold Bitcoin at least until 2065, maintaining a long-term accumulation strategy. Meanwhile, Strategy founder and executive chairman Michael Saylor is pitching a Bitcoin-backed banking system to governments.

3、The U.S. CFTC has launched a digital asset pilot program allowing BTC, ETH, and USDC to be used as collateral.

Macro & Hot Topics

1、The U.S. Bureau of Labor Statistics will not release October PPI data for now; it will be published in January together with November data.

2、The New York Fed’s 1-year inflation expectation for November came in at 3.2%, compared with the previous 3.24%. The U.S. October JOLTs job openings will also be released today at 23:00 (UTC+8).

3、Strategy recently spent around $963 million to acquire another 10,624 BTC.

Market Performance

1、In the past 24 hours, total crypto market liquidations reached $201 million, including $106 million in short liquidations. BTC liquidations totaled $64 million, while ETH liquidations reached $51 million.

2、U.S. stock market: the Dow fell 0.45%, the S&P 500 fluctuated around –0.35%, and the Nasdaq slipped 0.14%. NVIDIA (NVDA) gained 1.72%, and Strategy (MSTR) rose 2.63%.

Bitget Daily Digest (Dec. 9)｜Michael Saylor is promoting a Bitcoin-backed banking system to governments; the CFTC has launched a digital asset pilot program allowing BTC, ETH, and USDC to be used as collateral image 0

3、Bitget BTC/USDT liquidation map shows: near the current price (~$90,000), a large cluster of high-leverage long positions has accumulated, making them vulnerable to concentrated liquidation on pullbacks. Short positions below are relatively light, meaning further price increases could trigger more short squeezes.

4、In the past 24 hours, BTC spot inflows totaled $80 million, outflows $102 million, resulting in net inflows of $22 million.

News Updates

1、A judge is reviewing the charges Do Kwon faces in South Korea before his sentencing in the U.S.

2、CEOs of Bank of America, Wells Fargo, and Citigroup will meet with U.S. senators on Thursday to discuss crypto legislation.

3、Tether’s USDT has received key regulatory approval in Abu Dhabi and can now be used on multiple major chains.

4、The U.K. FCA plans to simplify retail investment rules, allowing high-net-worth individuals to access higher-risk products.

Project Developments

1、A wallet linked to the H token team transferred $2.9 million worth of H tokens to CEXs early this morning.

2、Jupiter: The WET token public sale has restarted, with 30 million tokens available in limited quantity.

3、USDC Treasury minted 500 million new USDC on Solana; Tether minted 1 billion USDT on Tron.

4、Magma Finance has completed a $6 million strategic funding round to build an adaptive liquidity engine for the Sui network.

5、BitMine added 138,452 ETH last week, bringing its total holdings to over 3.86 million ETH.

6、MegaETH will open Frontier to application developers next week.

7、The U.S. SEC has ended its two-year investigation into Ondo Finance without recommending charges.

8、BlackRock has filed for an iShares Staked Ethereum Trust ETF.

9、Ripple’s $500 million share sale reportedly contains “profit-protection” clauses. The sale was completed in November at about a $40 billion valuation. Some investors estimate that about 90% of Ripple’s net assets come from its XRP holdings (valued at around $124 billion in July, released in scheduled unlocks). The agreement includes: investors may sell back shares with a 10% annual return over 3–4 years; Ripple may repurchase at a 25% annual return; a liquidation preference is also included.

10、One address turned $716 into $244,000 by trading Franklin tokens, achieving a 340× return.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitget Daily Digest (Dec. 9)｜Michael Saylor is promoting a Bitcoin-backed banking system to governments; the CFTC has launched a digital asset pilot program allowing BTC, ETH, and USDC to be used as collateral

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