The Federal Reserve's December meeting carried an 89.6% probability of a 25-basis-point rate cut on December 10, CME's FedWatch data show. The likelihood of the Fed keeping rates unchanged stood at 10.4% on the same date, the CME FedWatch data showed.

Crypto market liquidations totaled 3.62 亿美元 in the 24 hours ending December 10, Coinglass data show. Over the same period, longs were liquidated 8079 万美元, while shorts accounted for 2.82 亿美元.

An address known as the "1011 flash crash insider whale" had about $10.21M in unrealized profit from a 70,001.53 ETH long position as of December 9. The leveraged bet was valued at $224M, with an average entry price of $3,068.64 per ETH, BlockBeats cited on-chain analyst Ai 姨 (@ai_9684xtpa).

BlockBeats, citing on-chain analyst Ai 姨 (@ai_9684xtpa), said an ETH swing-trading whale deposited 1,880 ETH to OKX about one hour ago on December 9, valued at $5.86 million. Following this suspected sell-off, the address now holds only 11.31 ETH on-chain, with its previous ETH balance largely emptied.

Timothy Misir, head of research at BRN, said in a report on Tuesday that flows into U.S. crypto ETFs point to selective positioning rather than broad-based de-risking, with altcoins drawing more capital even as bitcoin (BTC) continues to lag, The Block reported on December 9. He noted that active address numbers are stabilizing and transfer volumes are increasing, which he described as early signs of a market recovery, while emphasizing that overall confidence remains absent and the market is not yet in a fully healthy state. Misir described this week as a "macro binary" period and said many traders are staying on the sidelines ahead of Wednesday's FOMC meeting outcome, as rising rate-cut expectations are being driven by weak ADP employment data and worsening consumer confidence, while U.S. household pessimism and record consumer credit levels further complicate the demand outlook.

An address beginning with 0x9D1c deposited 5,748 ETH, approximately $17.89 million, to Kraken on December 9, about 50 minutes ago, according to Lookonchain. On-chain tracking indicates the ETH originally came from the Ethereum Foundation, per the same source.

OKX plans to launch trading for the NIGHTUSDT perpetual contract on December 9, 2025 at 19:30 (UTC+8), according to an official announcement. The derivative will offer maximum leverage of up to 20x and will be available simultaneously via the exchange's web platform, mobile app and API.

BlockBeats reports that HASHKEY HLDGS launched its share offering on Dec 9 and targets an HKEX Main Board listing on Dec 17. It plans a global sale of about 2.41 亿 shares, with a minimum subscription of about 2808.04 港元. At a midpoint offer price of 6.45 港元, net proceeds are about 14.26 亿港元, for technology and infrastructure upgrades and global expansion. Revenue for 2024 rose to about 7.21 亿港元; a BiyaPay analyst said HASHKEY HLDGS' long-term growth could benefit if Asia's regulatory environment remains supportive.