Daily News 🗞 | December 10• Crypto market gains $150B as Bitcoin reclaims $94K ahead of Fed decision• Vivek Ramaswamy’s Strive to raise $500M to buy Bitcoin• Circle moves toward privacy-focused stablecoin with USDCx project• Malaysia’s crown prince launches ringgit stablecoin• Ethereum network sees 62% drop in fees#CryptoNews #PoloniexNEWS ...

Economist Peter Schiff asked Bitcoin (CRYPTO: BTC) holders to sell some of their BTC following Tuesday’s rally and invest in silver instead.Schiff Cheers Silver, Derides BitcoinIn an X post, Schiff cheered silver’s new all-time high above $60 per ounce, following an almost 5% intraday rise.“As I forecast, once silver took out the $50 long-term double top, it would be off to the races,” said Schiff, one of the most vocal advocates of precious metal assets.Schiff also used the opportunity to poke fun at Bitco ...

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 750,000,000 #ADA (346,738,571 USD) transferred from unknown wallet to #Binancehttps://t.co/Lp7Jk3WWbB ...

RT Dash (@Dashpay)Announcing our first conference since 2019 in Zurich: DashCon 2026, June 11th, Amsterdam.Partnering with the wonderful @CryptoCanal!See everyone in Amsterdam next summer! 🌷 ...

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🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 1,660,919 #SOL (229,305,205 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/dr4OnaVKWN ...

🚨 🚨 🚨 🚨 🚨 1,220 #BTC (112,592,301 USD) transferred from unknown wallet to unknown new wallethttps://t.co/HESzGv31JR ...

Core Insights - Bitwise Asset Management announced that its crypto index fund, the Bitwise 10 Crypto Index ETF (BITW), will uplist to NYSE Arca as an exchange-traded product [1] - BITW, launched in 2017, holds the 10 largest crypto assets by market capitalization and features active screening and monthly rebalancing to provide diversified exposure to the crypto market [2] - Bitwise's Chief Information Officer highlighted that the index approach allows investors to engage with the crypto market without needing to predict specific winners, as BITW will include the largest and most successful assets [3] Industry Developments - The SEC's new guidance on disclosures for cryptocurrency-based exchange-traded products in July is viewed as a precursor to more approvals for crypto ETFs [3] - Grayscale Investments launched its multi-asset cryptocurrency exchange-traded product, Grayscale CoinDesk Crypto 5 ETF (GDLC), on NYSE Arca in September, offering exposure to the five largest crypto assets with quarterly rebalancing [4][5] - Bitwise completed a $70 million equity raise in February, indicating expectations of significant growth in 2024 and a commitment to enhancing its investment capabilities [6]

Core Insights - U.S. stocks are experiencing strong performance in 2025, with the S&P 500 up 16.8% and the Nasdaq-100 up 22.3% year to date [1][2] - Conversely, leveraged ETFs that bet against stocks or sectors have performed poorly, with significant losses reported [2] Group 1: Poor Performing ETFs - Direxion Daily Junior Gold Miners Index Bear 2x Shares ETF has seen a year-to-date performance decline of 89.2%, as gold prices have surged approximately 60% [4][5] - Direxion Daily Gold Miners Index Bear 2x Shares ETF is down 87% year to date, mirroring the performance of junior gold miners but focusing on larger gold mining stocks [7] - Direxion Daily Semiconductor Bear 3x Shares ETF has dropped 85.8% year to date, as the AI boom has significantly increased demand for semiconductor stocks [11][12] Group 2: Cryptocurrency-Related ETFs - Defiance Daily Target 2x Long MSTR ETF is down 82.8% year to date, as its performance is tied to the declining value of MicroStrategy, which has fallen over 45% [14] - T-Rex 2x Long MSTR Daily Target ETF has a similar performance, down 82.7% year to date, with a slightly lower expense ratio providing minimal relief to shareholders [15]