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Coinbase Institutional stated on X that its system leverage indicator, which measures the proportion of purely speculative leverage positions in the crypto market, is now in a stable range at approximately 4-5%. The firm noted this is a significant decrease from about 10% last summer. Coinbase explained that this deleveraging is a key factor in creating a healthier market structure and lowers the risk of a sharp price correction toward the end of the year.

An address presumed to belong to Blockchain Capital withdrew 1.13 million UNI ($6.48 million) from three exchanges over the past six hours, Lookonchain reported. The address currently holds 1.92 million UNI, worth $10.88 million.

U.S. spot Ethereum (ETH) ETFs recorded total net inflows of $175.27 million on Dec. 9, marking the second consecutive day of positive flows, according to data from Trader T. Fidelity's FETH led the inflows with $51.47 million, followed by Grayscale's Mini ETH ($45.19 million) and BlackRock's ETHA ($32.93 million). No ETFs experienced net outflows for the day.

Rene, President of the Celo Foundation, has proposed a new mechanism to improve CELO's tokenomics, including token buybacks and burns, according to an announcement on the official forum. The proposal will proceed in four stages: initiating a public discussion, expanding expert participation, simulating economic models, and finally, implementing the governance proposal after incorporating community feedback.

U.S. spot Bitcoin ETFs recorded a net inflow of $150 million on Dec. 9, according to data from Trader T. The overall inflow occurred despite a net outflow of $136 million from BlackRock's IBIT. Major inflows were seen in funds from Fidelity ($190 million), Grayscale's Mini ($33.79 million), Grayscale's GBTC ($17.48 million), Bitwise ($16.22 million), and Ark Invest ($5.26 million).

President Trump will conduct final interviews this week for candidates to be the next Federal Reserve Chair, the Financial Times reported. The report noted that the reappointment of current Chair Jerome Powell remains uncertain. The White House is reportedly reviewing a pool of four candidates, including Kevin Hassett of the National Economic Council (NEC) and former Fed Governor Kevin Warsh, with Hassett considered the leading contender. President Trump recently suggested he already has a specific candidate in mind, with a final decision expected in January of next year.

France's Financial Markets Authority (AMF) has decided to once again permit the sale of crypto exchange-traded notes (ETNs) to retail investors, reversing a previous ban, Cryptopolitan reported. The regulator's revised rules include a provision requiring that warnings about the products be prominently displayed. France had prohibited the sale of crypto ETNs in October of last year to protect retail investors. The media outlet explained that the move is seen as France joining a broader trend of easing crypto regulations, following a similar decision by the UK.

Whale Alert reported that 227,070,031 USDT has been transferred from an unknown wallet to OKX. The transaction is valued at about $227 million.

Whale Alert reported that 227,070,031 USDT has been transferred from OKX to an unknown wallet. The transaction is valued at about $227 million.

Whale Alert reported that 750,000,000 ADA has been transferred from an unknown wallet to Binance. The transaction is valued at about $347 million.

Binance has announced it will delist eight spot trading pairs at 3:00 a.m. UTC on Dec. 12. The affected pairs are CHR/BTC, ENJ/BTC, HAEDAL/FDUSD, LISTA/BNB, POWR/BTC, PROVE/BNB, UMA/BTC, and ZRX/BTC.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $170 million liquidated (79.85% shorts) - ETH: $136 million liquidated (76.8% shorts) - SOL: $15.63 million liquidated (60.8% shorts)

French fintech company Lyzi will support cryptocurrency payments at Lamborghini centers, Bitcoin.com reported. The service will accommodate 80 types of cryptocurrencies, including stablecoins, BTC, and XTZ.

Coinbase CEO Brian Armstrong stated on X that of the 10 U.S. states that sued the company over its staking services earlier this year, only five now remain. He highlighted the situation in Maryland, where a complete ban on staking has prevented the payout of $8 million in rewards to local users. Armstrong added that the total amount of damages is continuing to increase.

Nasdaq-listed Bitcoin buyer KindlyMD (NAKA) has entered into a 210 million USDT loan agreement with Payward Interactive, the operator of the Kraken exchange, The Block reported. The loan carries an 8% annual interest rate and matures on Dec. 4, 2026. KindlyMD plans to use the funds to repay a loan from Antalpha (ANTA), a partner of Tether (USDT).

South Korean crypto exchange Bithumb has placed Klaydice (DICE) on its delisting watchlist. The exchange explained that the decision was made due to the project's failure to promptly disclose crucial information that could significantly affect the asset's value, such as its business plans. Bithumb added that a comprehensive review of the project's business progress and its trading status on domestic and overseas markets revealed numerous shortcomings.

Whale Alert reported that 1,660,919 SOL has been transferred from an unknown wallet to Coinbase Institutional. The transaction is valued at about $229 million.

AI infrastructure firm Gensyn has announced a public sale for its native token, AI, on the Ethereum mainnet-based token sale platform Sonar. The sale will allocate 300 million tokens, representing 3% of the total supply, with the price to be determined within a fully diluted valuation (FDV) range of $100 million to $1 billion. Payments can be made with USDC or USDT on the Ethereum mainnet, with a minimum bid of $100. Gensyn stated that its testnet is growing rapidly and it plans to offer additional incentives to participants, including priority allocation, a multiplier to increase purchase amounts, and GPU workstations for top contributors.

JPMorgan has stated that it is premature to declare a crypto winter and that the potential for a price increase remains, Decrypt reported, citing a note from the bank. The report noted that BTC closed November down 9% from January, marking the first time since May 2023 that the cryptocurrency has posted a year-over-year decline. JPMorgan explained that crypto prices were temporarily inflated following President Donald Trump's re-election, with the total crypto market capitalization subsequently falling by over 20% and significantly impacting trading volumes. However, the bank highlighted that total stablecoin trading volume has increased for 17 consecutive months. JPMorgan concluded that the current market downturn does not necessarily indicate a structural deterioration of the crypto ecosystem and maintains a positive outlook. The report comes as JPMorgan CEO Jamie Dimon, once a vocal critic of crypto, has recently shifted his stance, acknowledging cryptocurrencies and blockchain as key future technologies in media interviews.

According to CoinNess market monitoring, BTC has fallen below $92,000. BTC is trading at $91,999.86 on the Binance USDT market.

Jeffrey Sprecher, CEO of Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), said that more than half of the firm's clients are showing interest in prediction markets like the crypto-based Polymarket, Bloomberg reported. He explained that while these clients have traditionally invested in commodities such as oil, gas, and cocoa, the atmosphere has recently changed significantly. In October, ICE announced a $2 billion investment in Polymarket and a plan to collaborate on future tokenization initiatives.

Aave (AAVE) Labs announced it has submitted a governance proposal to launch Aave V3 on MegaETH, an Ethereum Layer 2 network.

A Bitcoin OG, identified by the address "1011short," has deposited an additional 50 million USDC into Hyperliquid to expand a five-times leveraged long position on ETH, according to Onchain-Lenz. The total position is valued at 80,985 ETH with an entry price of $3,108 and a liquidation price of $1,653. The position is currently showing an unrealized profit of $16.9 million.

An anonymous co-founder of the AI-based crypto trading platform Bankr, known as deployer, has announced plans to launch a mini-app called Bankr Swap. The application will enable users to create on-chain orders on external wallets, with initial support for the Base network.

Strive, a Nasdaq-listed asset management firm that holds Bitcoin, announced it is pursuing a $500 million offering of Series A perpetual preferred stock. A portion of the proceeds will be used to purchase additional BTC.