On December 8, in the cryptocurrency market performance, Zcash (ZEC) had the highest increase, rising by 17.58%, while Starknet (STRK) had the largest decline, falling by 2.15%. The top five gainers included Canton, Pepe, FLOKI, and Ethena.

Emirates Islamic Bank Ruya has partnered with Fuze to become the first Islamic bank to allow customers to trade Bitcoin via its mobile app, ensuring investments comply with Sharia law. In 2023, cryptocurrency inflows in the UAE exceeded $30 billion, prompting related banks to launch crypto trading services.

Bitcoin experienced extreme volatility during periods of low liquidity, with prices fluctuating between $88,000 and $92,000. Ethereum traded between $2,910 and $3,150. Market interest has declined, and liquidation volume is low. Institutional investors are gradually accumulating Bitcoin while monitoring the upcoming Federal Reserve rate cut meeting, as the market awaits a clear trend direction for Bitcoin.

深潮 TechFlow 消息，12 月 8 日，OpenAI首席研究官Mark Chen在播客中爆料，如今硅谷AI“抢人大战”竟卷到送汤——扎克伯格亲自下厨把汤送到OpenAI研究员家门口，OpenAI也以“回汤”反击。Chen称，OpenAI核心研究团队约500人、300个项目，本质仍是研究驱动公司，对自家预训练路线和新一代模型信心十足，并表示“多10倍算力几周内就能用满”。BiyaPay分析师认为，顶级AI实验室的人才与算力军备，将加速模型能力分化并推高算力资产和基础设施需求，利好通过BiyaPay配置美股、港股及数字资产的投资者。

Hope for approval of spot cryptocurrency ETFs in South Korea within the year is slim due to slow legislative progress. Multiple amendment bills are pending in the National Assembly, but the institutionalization of crypto assets has been delayed due to the restructuring of financial regulatory agencies and shifting policy priorities.

Author: Luca Prosperi
Translated by: TechFlow
When I graduated from college and applied for my first management consulting job, I did what many ambitious yet timid male graduates often do: I chose a company that specialized in serving financial institutions.
In 2006, banking was the epitome of "cool." Banks were usually housed in the grandest buildings on the most beautiful streets of Western Europe, and at the time, I was eager to use this opportunity to travel around. However, no one told me that this job came with a more subtle and complex condition: I would be "married" to one of the world's largest yet most specialized industries—banking—and for an indefinite period. The demand for banking experts has never disappeared. During economic expansion, banks become more creative and need capital; during contractions, banks need restructuring, and they still need capital. I once tried to escape this vortex, but

According to TechFlow on December 8, as reported by Cointelegraph, Philippine digital bank GoTyme has launched cryptocurrency services. The bank, which has 6.5 million customers, has integrated crypto features into its banking app through a partnership with US fintech company Alpaca.
Users can now purchase and store 11 types of crypto assets through the app, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Polkadot (DOT), and others. The system supports automatic conversion from Philippine Peso to US Dollar for transactions.
GoTyme CEO Nate

Written by: Zhang Yaqi
Source: Wallstreetcn
As the Federal Reserve’s December 10 policy meeting approaches next week, the market is not only focused on the widely expected rate cut; veteran Wall Street strategists point out that the Fed may soon announce a major balance sheet expansion plan.
Recently, former New York Fed repo expert and Bank of America rate strategist Mark Cabana predicted that in addition to the widely anticipated 25-basis-point rate cut, Fed Chair Jerome Powell will announce a plan next Wednesday to purchase $4.5 billion in Treasury bills (T-bills) per month. This bond-buying operation will be officially implemented in January 2026, aiming to inject liquidity into the system and prevent repo market rates from soaring further.
In his report, Cabana warned that although the rate market has responded flatly to the expected rate cut, investors are generally “underestimating” the Fed’s actions regarding the balance sheet.

Matrixport released a report stating that as the December 10 FOMC meeting approaches, although Bitcoin prices have stabilized slightly, a new round of upward momentum is still difficult to confirm. Options pricing indicates about a 5% downside risk, and market sentiment remains cautious. Year-end deleveraging has led to short-term rebounds being used more for reducing positions rather than adding to them.

According to TechFlow, on December 8, SoSoValue data shows that during the last trading week (Eastern Time, December 1 to December 5), spot Bitcoin ETFs saw a net weekly outflow of $87.77 million.
The spot Bitcoin ETF with the highest net inflow last week was the Fidelity ETF (FBTC), with a weekly net inflow of $61.96 million. The total historical net inflow for FBTC has reached $12.09 billion. The second highest was Bitwise ETF (BITB), with a weekly net inflow of $9.3 million, and BITB's total historical net inflow has reached $2.26 billion.
The spot Bitcoin ETF with the largest net outflow last week was the ETF from Ark Invest and 21Shares.

Last week (December 1 to 5), SOL spot ETFs saw a net inflow of $20.3 million. Among them, Bitwise Solana Spot ETF BSOL had a single-week net inflow of $65.11 million, and Fidelity SOL ETF FSOL had a net inflow of $14.11 million. 21Shares Spot ETF TSOL had a net outflow of $73.91 million. Currently, the total net asset value of SOL spot ETFs is $878 million.