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A summary of major market events on December 7th.
UAE-based Mashreq Capital has included bitcoin ETFs in its new multi-asset fund.
This week's top news highlights from December 8 to December 14.
China is accelerating the development of the digital yuan, and its policy stance to resolutely curb virtual currencies, including stablecoins, has become fully clear. This approach is based on a comprehensive consideration of factors such as China’s global leadership in mobile payments and the digital yuan, the sovereignty and security of the renminbi, and the stability of the monetary and financial system.
As the December FOMC meeting approaches, the market's focus has shifted from interest rate cuts to the possibility of the Federal Reserve restarting large-scale asset purchases.
He believes the industry has lost its idealism and has turned into the largest and most participated super casino in human history, and he feels disgusted for having contributed to this casino.
He believes the industry has lost its idealism, morphing into the largest and most widely participated super casino in human history, and feeling disgusted with having once contributed to this casino.
In Brief Bitcoin and altcoin ETFs witness dynamic shifts in inflows and outflows. XRP and Solana ETFs attract notable investor attention and activity. Institutions explore diversified crypto ETFs for strategic risk management.
- 05:12A whale deposited 6 million USDC into HyperLiquid and went long on multiple tokens.Foresight News reported, according to monitoring by Onchain Lens, a major spot-perpetual arbitrage whale deposited 6 million USDC into HyperLiquid and opened several long positions: ETH (20x leverage), SUI (10x leverage). In addition, this whale also went long on FARTCOIN (10x leverage) yesterday.
- 05:12Kaito AI founder: Maintain short-term pessimism to manage risks, embrace long-term optimism to build the futureForesight News reported that Yu Hu, founder of Kaito AI, tweeted, "A few years ago, when I first founded Kaito, the idea that blockchain could support everyday financial activities sounded like pure fantasy. Now, I conduct a large amount of business on-chain, all of which is deeply rooted in the physical real world. Always maintain short-term pessimism to manage risks and plan execution, but embrace long-term optimism to build and empower the future."
- 05:06Abraxas Capital recently closed another ETH short position, with total closed positions exceeding $200 million since November.According to ChainCatcher, recent monitoring by HyperInsight shows that in the past two days, two addresses labeled as Abraxas Capital (0x5b5, 0xb83) have been continuously closing ETH short positions totaling approximately $10.26 million. The current position size is about $51.57 million, with an average price of $3,522, and an unrealized profit of $6.68 million (130%). This short position has already realized a profit of $13.61 million through funding rate settlements. Additionally, monitoring indicates that Abraxas Capital has been continuously closing ETH short positions since early November, with the position size decreasing from $267 million to $51.57 million, cumulatively closing $217 million. Subsequently, part of the funds were used to increase holdings in HYPE spot, with the current HYPE spot position around $53.84 million. Furthermore, most of the previous 22 short positions across its two addresses have been fully closed, and currently, among positions exceeding $200,000, only three remain: short positions in ETH, HYPE, and FARTCOIN. Previously, this was the largest short whale on Hyperliquid.