This workday was a mess thanks to Japan. I kept going over the reasons for yesterday’s crash, and the most likely cause was the Bank of Japan's sudden rate hike news spreading through global financial markets.



Bitcoin kept plunging all day yesterday and just couldn't stop the slide. Fortunately, it finally stabilized in the evening and has now bounced back to around 86,500. I’ll keep watching the trend from here.

Ethereum followed Bitcoin’s wild swings. DAT company’s balance is almost depleted, and even the $2,800 support didn’t hold. Let’s just wait and see.

Solana has dropped back to the price level from that big crash two weeks ago. Handle with care—it looks like the market bottom isn’t coming that easily.

In Cambodia, Huiwang Payment suspended operations until January 5 next year due to a short-term bank run and launched a deferred payment plan—can't believe it's already 2025 and we're still seeing the same old tricks from the 2017 P2P run days.

The FDIC will release its first regulatory proposal for stablecoin issuers this month under the GENIUS Act.

Google rolled out Gemini 3 and Nano Banana Pro’s AI search features to about 120 countries. How’s your AI usage lately? Have you started using Gemini 3?

Tonight, SEC Chairman Paul Atkins will deliver a speech at the NYSE, focusing on his outlook for the 250th anniversary of U.S. capital market reforms.

According to CME’s “FedWatch” tool, there’s an 87.6% chance of a 25 basis point rate cut in December, and only a 12.4% chance rates will stay unchanged.

Bitcoin mining profits have dropped to an all-time low, and the entire industry is entering a systemic profit compression phase.

Solana announced a partnership with Kalshi to fully tokenize all of Kalshi’s prediction markets.

Grayscale’s Chainlink ETF will be listed on NYSE Arca on Tuesday.

Goldman Sachs spent $2 billion to acquire Innovator and added a Bitcoin-linked ETF to its product line.

Synthesis’s strategic investment in Sushi includes buying over 10 million SUSHI tokens—are SNX and SUSHI, these two struggling brothers, about to team up?

Vanguard will open crypto asset ETF and mutual fund trading starting December 2.

EU law enforcement has seized the coin mixing service Cryptomixer.

Yesterday, some said MicroStrategy selling coins was the biggest bearish news for the market, but isn’t buying and selling normal? Anyway, none of that really matters—it’s better to keep an eye on the gainers list. These swings are just ridiculously wild.
BTC-2.21%
ETH-4.08%
SOL-4.79%
LINK-3.06%
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MEVHunterXvip
· 12-10 05:19
The Bank of Japan is really causing trouble, the chain reaction directly smashed the global market, and the key level of 86,500 cannot be held Mining profits have bottomed out, this rhythm is really outrageous, I feel like I have to sell mining machines Large institutions have gathered on the ETF, and retail investors are still licking blood at the edge of the knife, and the pattern is too bad What is there to say about micro-strategy selling coins, people are the logic of market makers, you and I can only tremble in the bullish list 2800 is really the lifeline of the ether, and if it is broken, it is free fall This round of decline is very similar to the routine of 17 years, but it is really annoying to change the shell and do it again Solana is back to two weeks ago, and I just laughed, when is the bottom, everyone The stablecoin regulatory framework has been implemented, and the risks have long been buried, and the Cambodian incident says it all The probability of a rate cut is as high as 87.6%, and the Fed is about to release water, but why is the currency price still falling like this? The mixed currency platform has been investigated, and the game of privacy coins should also be cool
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StableGeniusDegenvip
· 12-09 16:56
What the Bank of Japan just did completely shattered the global market, and the speed at which Bitcoin dropped was truly insane. If 86,500 can hold, that’s already not bad—at least it didn’t break down further. Mining profits hitting rock bottom is what’s truly hopeless; the whole industry is barely scraping by. MicroStrategy selling coins is nothing—it’s the retail investors who have been leaving for a while. Vanguard opening up trading is the real big signal; institutions are slowly entering the market. Giants like Grayscale and Goldman Sachs are all paving the way—it feels like the bottom is right here. SOL dropped back to where it was two weeks ago; let’s keep watching, can’t rush it. Whether ETH can hold 2,800 depends on how Bitcoin acts. In 2025, we might still see bank run dramas—anything really can happen. These swings are so wild I just want to lie flat and watch the top gainers list for fun.
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OnchainHolmesvip
· 12-09 16:46
The Bank of Japan really pulled a ruthless move—global finance is shaking. Feels like 86500 could still be worth testing the waters. Mining profits have hit rock bottom. How long will it take for this industry to recover? With Goldman Sachs making this move, traditional finance is really getting more competitive with crypto. The game is changing. Cryptomixer got investigated—things are truly about to change drastically for the mixing sector. It's unbelievable that even $2,800 couldn't hold for Ethereum. Let's wait before making a move.
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