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Binance Alpha has announced the addition of NIGHT. The platform is an on-chain trading service within the Binance Wallet that focuses on listing early-stage coins.

Shayne Coplan, CEO of the prediction market platform Polymarket, said in an interview with Axios that the company is currently operating at a loss. He explained that while Polymarket is not averse to making money, its priority is creating new markets. Coplan stated that the most important goal at present is to grow the prediction market as much as possible and secure maximum market share. He added that prediction markets have spreads similar to those in sports betting, and Polymarket redistributes the spreads paid by users to those who provide liquidity.

South Korean crypto exchange Bithumb has announced that it will temporarily suspend deposits and withdrawals for Casper (CSPR) due to a network upgrade. The suspension is scheduled to begin at 9:00 a.m. UTC on Dec. 11.

South Korean law enforcement agencies and government bodies have spent approximately 15.6 billion won (about $11.3 million) over the past three years on a U.S.-based cryptocurrency analytics program, Segye Ilbo reported on Dec. 9. The report cited data obtained through the office of People Power Party lawmaker Kim Tae-ho. According to the data, the National Police Agency spent a total of 4.81 billion won on the analytics firm Chainalysis this year. The largest portion, 3.69 billion won, was allocated to cyber and other investigative departments, while criminal divisions, including drug investigations, spent 954 million won, and national security probes accounted for 170 million won. Separately, South Korean prosecutors are also spending billions of won annually on Chainalysis. The Ministry of Justice stated that the prosecution service paid 1.35 billion won to the firm this year, a nearly fourfold increase from the 378.73 million won spent in 2022.

The slump in the NFT market is deepening, with monthly sales volume hitting its lowest level of the year in November, Cointelegraph reported. Citing data from CryptoSlam, the report noted that NFT sales last month totaled $320 million, a 66% decrease from January. Furthermore, sales from Dec. 1 to 7 amounted to only $62 million, marking the smallest weekly volume recorded this year. Cointelegraph suggested that the downturn is likely to persist for the foreseeable future amid a general decline in NFT prices.

Corporate investors in Ethereum (ETH) have continued to accumulate the asset despite recent price weakness, adding 309,000 ETH last month and approximately 100,000 ETH so far this month, according to an analysis by Sentora (formerly IntoTheBlock). Their current holdings now exceed six million ETH.

OKX has announced that it will list the WET/USDT spot trading pair at 3:00 p.m. UTC on Dec. 9.

South Korean crypto exchange Bithumb has announced it will change the name of Stratis (STRAX) to Xertra, effective at 8:00 a.m. UTC today.

Web3 social platform UXLINK has stated that the theft of approximately $11 million in assets on Sept. 22 was the result of an external hack, not an internal incident. According to CEO Rolland Saf, the hacker posed as a business partner and used deepfake video conferences to compromise a team member's Telegram account and personal device. This allowed the attacker to seize control of the smart contract and illegally mint billions of arb-UXLINK tokens, inflating the total supply to over 10.006 trillion. The breach also led to unauthorized access to treasury and ecosystem funds. Rolland Saf emphasized that UXLINK is a project with real revenue and a global user base, refuting allegations of a rug pull. UXLINK said it responded immediately during Korea Blockchain Week (KBW) by coordinating with exchanges, security firms, and multinational law enforcement. The company has since rebuilt its smart contract and restored 479 million circulating UXLINK tokens on a one-to-one basis. Additionally, following a governance vote, 12% of tokens were unlocked early to compensate users, and some recovered assets were used for a buyback.

South Korean crypto exchange Upbit has announced an update to the circulating supply schedule for Orderly (ORDER) at the request of the project's team. A CoinNess review confirmed the change affects the fourth-quarter supply for this year, which will increase by approximately 20,725,265 ORDER. The total circulating supply as of December is now projected to be 368,711,575 ORDER, up from the previously planned 347,986,310.

JPMorgan CEO Jamie Dimon, once a vocal critic of cryptocurrency, has acknowledged that crypto and blockchain are key future technologies. In an interview with Fox Business, Dimon stated that blockchain technology is real and the era of asset tokenization is not far off, Watcher.Guru reported. Commenting on the shift, crypto analyst CryptosRUs explained that while Dimon is not hyping crypto or encouraging purchases, he has admitted that its infrastructure works. The analyst added that the debate is effectively over now that Wall Street's biggest skeptic has stopped mocking the technology and started applying logic.

Bybit announced it will list the WET/USDT spot trading pair at 3:00 p.m. UTC on Dec. 9.

The following are the 24-hour long/short ratios for BTC perpetual futures on the top three global crypto futures exchanges by open interest: Overall: 49.45% long, 50.55% short 1. Binance: 48.87% long, 51.13% short 2. OKX: 48.98% long, 51.02% short 3. Bybit: 49.63% long, 50.37% short

USDC issuer Circle has obtained a Financial Services Permission (FSP) from the Abu Dhabi Global Market's (ADGM) Financial Services Regulatory Authority (FSRA), Coindesk reported. The license allows Circle to operate as a Money Services Business within the ADGM financial free zone. With this approval, Circle plans to expand its financial services, including business-to-business payments and settlements using USDC.

Bitcoin (BTC) reserves on centralized exchanges have fallen by more than 400,000 BTC year-over-year, CoinDesk reported, citing data from Santiment. Santiment noted that a decline in exchange reserves can signal an easing of long-term selling pressure and that this outflow has continued as Bitcoin trades around the $90,000 level. Meanwhile, data from Bitbo shows that exchange-traded funds (ETFs) and public companies now hold 1.5 million BTC and over one million BTC, respectively, accounting for approximately 11% of the total supply.

Japan's Financial Services Agency (FSA) has stated that derivatives based on overseas cryptocurrency exchange-traded funds (ETFs) are not appropriate, Yahoo Japan reported. In a revised Q&A document on the financial instruments and exchange business, the FSA commented that offering such products to domestic investors is unsuitable given the lack of a well-established system and environment for investor protection. In response, IG Securities has suspended its contract for difference (CFD) offerings based on U.S. spot BTC ETFs. The development suggests that Japan is unlikely to approve crypto derivatives linked to overseas ETFs in the near future.

Cross-chain protocol Across (ACX) announced its integration into MetaMask's swap and bridge routing options. The move allows MetaMask users to transfer assets between major networks—including Ethereum (ETH), Solana (SOL), BNB Chain (BNB), Base, and Optimism (OP)—more quickly and at a lower cost. MetaMask's automatic routing will select the optimal path for transfers, with some routes now powered by the Across protocol's infrastructure. The Across team stated that the integration will help expand user accessibility and strengthen its competitiveness in the bridge market.

Trading in out-of-the-money (OTM) Bitcoin put options is on the rise, suggesting traders are positioning for long-term price volatility, according to Coindesk. The report highlights significant open interest on the Deribit exchange, with over $191 million tied to BTC put options with a $20,000 strike price expiring in June 2026. Other popular OTM puts with the same expiry include those with strike prices of $30,000, $40,000, $60,000, and $75,000. While such activity is often seen as a hedge against a sharp price decline, Coindesk noted that substantial demand also exists for call options with strike prices exceeding $200,000. This combination suggests that traders are betting on significant price swings in either direction rather than solely anticipating a market crash.

The number of Solana (SOL) validators has fallen by more than 68% since March 2023, dropping from 2,500 to approximately 800, Criptonoticias reported.

Cryptocurrency investment firm Paradigm has analyzed that trading volume on the prediction market platform Polymarket may be inflated due to a double-counting error. According to Cointelegraph, Paradigm researcher Storm explained that Polymarket's complex on-chain data structure has caused many analytics tools to adopt flawed accounting methods. The researcher stated that major dashboards such as DeFiLlama, Allium, and Blockworks are double-counting single transactions by summing them from the perspectives of both the maker (sell-side) and the taker (buy-side).

MetaMask has officially introduced perpetual futures trading to its mobile application. The feature, powered by Hyperliquid, allows users to open long or short positions on over 150 tokens, as well as select U.S. stocks and indices, with up to 40x leverage. The functionality is available directly within the mobile app, eliminating the need to connect to an external exchange.

AI infrastructure company Gensyn has announced the launch of Delphi, an on-chain marketplace for evaluating and investing in AI models. Users can view real-time benchmark results, such as Gensyn's mid-range general-purpose inference benchmark, to bet on competing open-source models. Delphi employs an LMSR-based on-chain automated market maker (AMM), allowing for instant entry and exit of positions without an order book. Participants are rewarded if their chosen model achieves a top performance ranking at the final settlement. Gensyn stated that Delphi provides an opportunity to invest directly in open-source models rather than closed AI companies, which will create a pure market signal that reflects technological advancements.

U.S. spot Ethereum ETFs saw a total net inflow of $35.49 million on Dec. 8, reversing a two-day trend of net outflows, according to data compiled by Trader T. BlackRock's ETHA led the inflows with $23.66 million, while Grayscale's Mini ETH attracted $11.83 million. The remaining ETFs recorded no net changes in flows.

U.S. spot Bitcoin ETFs recorded a total net outflow of $60.51 million on Dec. 8, reversing course after a single day of net inflows, according to data from Trader T. While BlackRock's IBIT saw a net inflow of $28.72 million, this was offset by outflows of $44.03 million from Grayscale's Mini BTC and $39.44 million from Fidelity's FBTC.

Binance has announced it will temporarily suspend deposits and withdrawals for Neutron (NTRN) at 2:00 p.m. UTC on Dec. 10 to support a network upgrade.