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According to CoinNess market monitoring, BTC has risen above $91,000. BTC is trading at $91,000.01 on the Binance USDT market.

The U.S. core Personal Consumption Expenditures (PCE) Price Index rose 0.2% month-over-month in September, in line with economists' forecasts, the Bureau of Economic Analysis (BEA) announced. On a year-over-year basis, the index increased by 2.8%, slightly below the consensus estimate of 2.9%. The core PCE index, which excludes volatile food and energy components, is the Federal Reserve's preferred measure of inflation.

The Paraguayan Lower House has passed two resolutions requiring government ministries to submit official information on the country's cryptocurrency mining activities, Jinse Caijing reported. The move aims to strengthen regulation and transparency within the industry.

Bank of America (BofA) has stated that it expects the market to soon begin pricing in a potential U.S. Federal Reserve rate cut for January 2026. While BofA forecasts a 25 bp rate cut from the Fed in December, it questioned whether Chair Jerome Powell can successfully curb expectations for further monetary easing, considering the numerous economic indicators set to be released before January.

According to CoinNess market monitoring, BTC has fallen below $90,000. BTC is trading at $89,976.61 on the Binance USDT market.

The Polish Sejm, the lower house of parliament, has failed to overturn a presidential veto on the Crypto-Asset Market Act, Wu Blockchain reported. Consequently, an initiative led by Prime Minister Donald Tusk to introduce cryptocurrency regulations aligned with the EU's Markets in Crypto-Assets (MiCA) framework has been thwarted.

The three major U.S. stock indexes opened slightly higher. The S&P 500 is up 0.17%, the Nasdaq Composite has gained 0.26%, and the Dow Jones Industrial Average is up 0.08%.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Lindsay Fraser, formerly of Uniswap Labs, has been appointed Chief Policy Officer (CPO) of the Blockchain Association, CoinDesk reported.

Thailand has seized $8.6 million worth of Bitcoin miners linked to a Chinese fraud network operating in Myanmar, Decrypt reported.

Jacob King, CEO of crypto media outlet SwanDesk, said that Strategy's recent transfer of its BTC holdings to Fidelity Custody is noteworthy, coming shortly after the company announced it might consider selling Bitcoin if its market cap to net asset value (mNAV) remains below one. King noted that SpaceX also transferred BTC to Coinbase, a move typically interpreted as preparation for a sale rather than a purchase. He added that on-chain data suggests many publicly traded companies with Bitcoin exposure have already sold some of their holdings at prices above $90,000. King warned that institutions appear to be seeking an exit before a full bear market begins, which could leave retail investors holding the assets.

The National Bank of Canada, the country's sixth-largest bank, holds 1.47 million shares of Strategy (MSTR) valued at $273 million, according to BitcoinTreasuries.NET.

White House National Economic Council Director Kevin Hassett stated that he has not discussed the selection of the next Federal Reserve Chair with President Donald Trump, according to Walter Bloomberg. This follows a previous report from Bloomberg that identified Hassett as a leading candidate for the position.

South Korean crypto exchange Upbit announced it will temporarily suspend deposits and withdrawals for Near Protocol (NEAR) starting at 10:00 a.m. UTC on Dec. 8 due to a network upgrade.

A hacker who stole $243 million from creditors of the bankrupt cryptocurrency exchange Gemini appears to have been arrested in Dubai, according to blockchain expert ZachXBT. He noted that the hacker transferred funds from multiple addresses to a single Ethereum address (starting with 0xb37), a pattern he described as very similar to asset seizures by law enforcement agencies. The address currently holds cryptocurrency valued at $18.58 million. ZachXBT added that the hacker's last known location was Dubai, where claims have emerged that local authorities raided the individual's villa and made an arrest. He also mentioned that acquaintances of the hacker have claimed the person recently lost contact.

A bill has been introduced in the U.S. state of Indiana that would permit pension funds to invest indirectly in cryptocurrency through exchange-traded funds (ETFs), according to Yahoo Finance. The legislation, proposed by Republican state Representative Kyle Pierce, would prohibit pension funds from investing directly in cryptocurrencies. The bill also includes provisions that would prevent local governments and agencies from banning the use of cryptocurrency as a means of payment or denying the establishment of mining facilities.

Whale Alert reported that 365,000,000 USDC has been transferred from Deribit to an unknown wallet. The transaction is valued at about $365 million.

An address attributed to BlackRock has deposited 1,384.7 BTC, valued at $120.3 million, and 799 ETH, worth $2.5 million, to a Coinbase Prime address, according to Solid Intel.

Genius Group, an AI-based education company that holds Bitcoin on its balance sheet, announced the purchase of an additional 42 BTC at an average price of $89,700. The company sold 62 BTC on Oct. 11 and also recently generated $1 million in profit through trading. Its current holdings now stand at 180 BTC.

The European Commission has proposed transferring the authority to supervise cryptocurrency firms from individual member states to the European Securities and Markets Authority (ESMA), the European Union's market regulator. According to CoinDesk, the proposal addresses concerns that differing national regulations are causing market fragmentation and undermining the bloc's competitiveness. If the measure is implemented, ESMA could become a direct supervisory authority, similar to the U.S. Securities and Exchange Commission (SEC).

BlackRock's spot Bitcoin ETF, IBIT, has experienced net outflows of over $2.7 billion in the last five weeks, marking the largest withdrawal since its launch, CoinDesk reported. An additional outflow of $113 million on Dec. 4 extended this trend to a sixth consecutive week, setting a new record for the longest period of net outflows since the fund's debut in early 2024. The media outlet noted that the outflows coincide with BTC entering a bearish phase following a record liquidation event in October. The trend has been amplified by fund managers reducing their exposure to IBIT amid growing macroeconomic uncertainty.

Tom Lee, Chairman of Bitmine (BMNR), said that Ethereum (ETH) is currently extremely undervalued, calling it the future of finance and the center of tokenization. Speaking at the Binance Blockchain Week in Dubai on Dec. 4, he noted that ETH serves as the foundation for stablecoins and institutional tokenization. Lee stated that this has been the year of asset tokenization, with over $1 trillion in assets like real estate and financial instruments expected to move onto the blockchain, a process for which ETH could serve as the gateway. Lee also argued that cryptocurrency prices have bottomed out and that the recent downturn is merely a deleveraging process with no fundamental issues. He predicted a market rebound similar to the recovery seen in the eight weeks following the FTX collapse. Furthermore, he suggested that Bitcoin's four-year cycle is broken and that BTC will form a new all-time high by early 2026, after which it will behave like the S&P 500 index. Lee emphasized that if BTC reaches $250,000 and the ETH/BTC ratio returns to its eight-year average of 0.25, ETH could surge to $62,000.

Europol has uncovered a criminal organization that laundered $800 million in illicit funds, The Block reported. The group allegedly operated fraudulent investment platforms to defraud thousands of victims and then attempted to launder the proceeds through multiple exchanges and blockchains.

Prediction market platform Polymarket is planning to launch an in-house market-making team to trade directly with its customers, CoinDesk reported. The company is reportedly in discussions with traders and sports bettors about the new team and is actively hiring for the unit.