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BlockBeats News, December 8th, the Philippines' digital bank GoTyme, with 6.5 million customers, partnered with the U.S. fintech company Alpaca to launch cryptocurrency services in the Philippines.Now, users can buy and store a total of 11 cryptocurrencies through GoTyme's banking app, including Bitcoin, Ethereum, SOL, DOT, and many other altcoins, which can be automatically converted to USD from Philippine pesos.

BlockBeats News, December 8, according to Onchain School monitoring, approximately 17 hours ago, a wallet address associated with the BEAT team sent tokens worth a total of about $1.2 million to Gate. Currently, these tokens are still held in the exchange's deposit address and have not been further transferred or traded.However, analysis has found that some of the BEAT team's holdings wallets have already conducted small-scale transactions, indicating potential future transaction activities for profit-taking.

BlockBeats News, December 8th, the Federal Reserve will announce its December interest rate decision this week. Currently, the probability of "Federal Reserve 25 Basis Point Rate Cut in December" on Polymarket is as high as 93%. The market has reached a high level of consensus on a rate cut this month.Furthermore, the Federal Reserve will also announce its January interest rate decision on January 28th next year. As of the time of writing, the probability of "Federal Reserve No Rate Cut in January" has risen to 68%, while the rate cut probability is only 27%.

BlockBeats News, December 8th, according to GMGN market data, along with the rebound of mainstream cryptocurrencies in the market, the trading activity of on-chain meme coins has also shown a warming trend. Some meme coins have performed remarkably well, including:In the Solana ecosystem, the meme coin Franklin has seen a trading volume of over $20 million in the past 24 hours, with its market cap surpassing $13 million just six days after its launch.After a continuous two-week rally, PIPPIN experienced a pullback. It saw a trading volume of $20.9 million in the past 24 hours, and its market cap is currently at $177 million. Analysts have previously noted the unusually strong bullish control of this coin.In the BSC ecosystem, the meme coin DOYR briefly surged above a market cap of $20 million over the weekend, with a daily trading volume reaching $22.6 million. As of the time of writing, its market cap has fallen to $6.63 million.BlockBeats reminds users that meme coin prices are highly volatile, and there are significant doubts about the sustainability of market sentiment and the depth of speculation. Users should invest cautiously.

BlockBeats News, December 8th, according to HyperInsight monitoring, in the past two days, two addresses identified as Abraxas Capital (0x5b5, 0xb83) have been continuously closing ETH short positions worth about $10.26 million. The current position size is about $51.57 million, with an average price of $3522, a floating profit of $6.68 million (130%), and this short position has realized a profit of $13.61 million through funding rate settlements.According to monitoring, Abraxas Capital's ETH short position has been continuously closing since early November, with the position size decreasing from $267 million to $51.57 million, accumulating $217 million in closures. Subsequently, part of the funds was used to increase the HYPE spot holdings, with the current HYPE spot position totaling about $53.84 million. In addition, the two addresses have mostly closed the 22 previous short positions and currently hold only 3 positions with over $200,000, namely ETH, HYPE, and FARTCOIN shorts. Previously, they were the largest short whale in Hyperliquid.

BlockBeats News, December 8th, the 8th Hong Kong Special Administrative Region Legislative Council election concluded yesterday, and Legislative Councilor John Wu was successfully re-elected with 1311 votes. John Wu stated, "The competition in this election was fierce, and I am very honored to be re-elected. Over the next four years, I will continue to implement my policy platform, promote the development of Hong Kong's finance and technology sectors, especially industries such as Web3 and artificial intelligence, and create new economic growth drivers for Hong Kong."

BlockBeats News, December 8th, although another Fed rate cut is almost a foregone conclusion, the key issue is how Powell will articulate the prospect of further easing next month. With Fed policymakers increasingly divided between hawkish and dovish stances, Powell will have to navigate a difficult balancing act at this week's central bank meeting. Wall Street expects this to be a "hawkish rate cut," meaning that after joining the dovish camp with a rate cut this month, Powell may avoid signaling a rate cut in January next year to appease the hawks within the Fed.An analyst at Bank of America said in a report last Friday: "Powell is facing the most divided committee in recent years. Therefore, we believe he will, like in October, try to balance the expected rate cut with a hawkish stance at the press conference." However, the Fed Chair has also consistently emphasized that policymakers have no preset path, and rate moves will depend on subsequent data releases. Therefore, Bank of America is skeptical that Powell can easily achieve this 'hawkish rate cut,' especially considering the release of a significant amount of market-moving data between the two meetings, some of which have been delayed due to the government shutdown.Likewise, Michael Feroli, Chief U.S. Economist at JPMorgan, said he expects Powell to emphasize that following this week's rate cut, rates will be close to the neutral level. Therefore, any additional easing will depend on a substantial deterioration in the labor market rather than being based on risk management. (Jinshi)

BlockBeats News, December 8, Bitwise CIO Matt Hougan tweeted that Harvard University significantly increased its Bitcoin investment from $117 million to $443 million in the third quarter, while also raising its gold ETF allocation from $102 million to $235 million. Harvard chose to bet on currency devaluation trades and is more inclined to allocate to Bitcoin rather than gold at a 2:1 ratio.

BlockBeats News, December 8th. Chinese crypto analyst Banmuxia stated in a post that "This week, the Fed's rate cut and balance sheet expansion will bring the tight liquidity back to normal. This week is expected to be a week of general rise (U.S. stocks, crypto, precious metals, etc.), and even the following month may be a month of general rise."Banmuxia also referenced an article published on November 11th, stating, "Starting in December, the Fed will stop shrinking its balance sheet and may begin expanding it. At that time, liquidity will return to normal, similar to October 2019. The real flood of liquidity will have to wait until May next year when Trump controls the Fed, similar to March 2020."

BlockBeats News, December 8th, according to official sources, the Stable mainnet will go live today at 21:00 Beijing time (8:00 AM Eastern Time).At the time of writing, the probability on Polymarket of "Stable Token FDV exceeding $20 billion on the first day of launch" has risen to 86%, while the probability of its market cap exceeding $40 billion is only 20%. The pre-launch price of STABLE on major exchanges is currently at $0.035, equivalent to an FDV of $35 billion.

BlockBeats News, December 8: According to Fortune magazine, Binance has obtained full regulatory authorization from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA), becoming the first cryptocurrency exchange platform to receive a global license under the ADGM framework.Regarding whether Binance has relocated its headquarters to Abu Dhabi, a Binance spokesperson did not respond to this.

BlockBeats News, December 8th: In response to a community question about whether CZ's Twitter is self-operated or team-operated, CZ stated, "My assistant has an account (permission), but basically doesn't post. It's all me just posting randomly."Previously, the community questioned whether a Binance official tweeter or a related insider issued a certain Meme coin at 13:29:45 yesterday, with the official tweet posting related promotional material at 13:30:00, consistent with the theme of the previously issued Meme coin. Binance Customer Support responded by saying, "We have noted the feedback and are conducting an internal review. For any behavior involving listing and other corrupt practices, we maintain a zero-tolerance attitude. Once the investigation results are confirmed, we will inform the community promptly.

BlockBeats News, December 8th, Grayscale research analyst Will Ogden Moore stated: "Bitcoin's history shows that even with a reduction in rewards, a decrease in supply can also increase network value, as Bitcoin's network security and market value have been strengthened through four consecutive halvings. Similarly, Bittensor's first halving marks a significant milestone in the network's maturation as it moves towards the 21 million token supply cap." Moore noted that Bittensor is currently experiencing strong adoption momentum, with institutional interest also steadily rising.Moore pointed out that the introduction of dTAO in February this year was a major achievement for Bittensor. This mechanism allows subnets to receive direct investment, leading to a significant expansion in the total market value of these subnets. Moore wrote: "We believe that the early success of certain subnet-based applications, the increase in institutional capital in the Bittensor ecosystem, and the upcoming TAO supply halving could all serve as positive catalysts to drive price appreciation." (The Block)

BlockBeats News, December 8th, according to GMGN market information, the meme token Franklin has recorded a trading volume of 9310 transactions in the past hour, making it the most active meme coin in terms of trading volume across the network. Additionally, its market capitalization has risen to above $13 million, currently standing at $13.17 million, with a 24-hour trading volume of $19.8 million.The Franklin token features the iconic turtle protagonist from the classic children's animation "Franklin and Friends." A political satire meme rapidly gained popularity on X, posted by former Trump administration war minister Pete Hegseth. He parodied the classic children's book "Little Turtle Franklin" as "Franklin Strikes Drug Cartels," depicting the turtle fully armed, firing at a drug cartel ship from a helicopter, and captioned it as the "Best Christmas Gift." As a military veteran and staunch hawk, Hegseth implied a stance of using force against drug cartels, aligning with his long-standing narrative on border security. The post immediately went viral on social media, while critics in the comment section vehemently criticized it as "offensive" and promoting a "warlike" attitude, reflecting the enduring partisan divide in the United States on foreign policy and border issues.BlockBeats reminds users that meme coins often lack practical use cases, experience significant price volatility, and investing in them requires caution.

BlockBeats News, December 8th, according to Intellinews citing the Institute of the Russian Academy of Sciences (IRIAS), the BRICS group has launched a working prototype of a gold-backed trade currency called "Unit." This is a digital trading instrument backed by a reserve basket containing 40% physical gold and 60% BRICS national currencies, with equal weights of the Brazilian Real, Chinese Yuan, Indian Rupee, Russian Ruble, and South African Rand. The pilot project was initiated by IRIAS, which issued 100 Units on October 31st, with each Unit initially pegged to 1 gram of gold. Although this initiative has not yet become official policy, its existence is a direct step towards de-dollarization. The value of "Unit" is designed to fluctuate daily based on the trend of the component currencies against gold. As of December 4th, market fluctuations have adjusted the value of the reserve basket to equivalent to 98.23 grams of gold, effectively bringing the value of each unit to 0.9823 grams of gold.

BlockBeats News, December 8, President Trump on Friday released a national security strategy outlining his administration's priorities, which noted that America's "core, vital national interests" revolve around artificial intelligence and quantum computing. "We want to ensure that America’s technological and normative advantages—especially in fields like artificial intelligence, biotechnology, and quantum computing—drive the world forward." (Cointelegraph)

BlockBeats News, December 8th. According to Trends News monitoring, former President Trump posted on Truth Social the day before yesterday, fiercely criticizing the legal predicament facing the American college sports (NCAA): a judge with no knowledge or experience ruled, leading to NCAA and sports leagues surrendering. Trump said this would bring "BIG trouble." Since the "$" symbol usually represents a tradable asset code on social media platforms, the community speculated that Trump may launch a meme coin.Combining dynamics from various platforms, the token with the highest consensus triggered by Trump's post is BIG, created on the Solana network through the Bonk platform approximately 10 seconds after his post. As of the time of writing, this token has 5148 holders, with the highest market value reaching $5.3 million, currently retraced to $360,000.BlockBeats reminds users that meme coins often lack practical use cases, have significant price fluctuations, and investment should be exercised with caution.