Core Insights - Bitcoin investors are preparing for "Witching Friday" on December 18, which could lead to significant market volatility due to the expiration of approximately $23 billion in options contracts on Deribit, the largest Bitcoin exchange [1]. Group 1: Understanding "Witching Friday" - "Witching Friday," also known as "triple witching," occurs on the third Friday of March, June, September, and December, when stock index futures, stock index options, and stock options expire simultaneously, often resulting in increased market volatility [2]. - The expiration of these contracts typically generates higher trading activity and larger price swings, as it triggers buying or selling of the underlying securities [3]. Group 2: Current Market Conditions - Leading up to "Witching Friday," Bitcoin has been experiencing a decline, trading down nearly 1% to $85,184, influenced by the Federal Reserve's recent interest rate cut and uncertainty regarding the macroeconomic environment, including potential rate hikes from the Bank of Japan and concerns over U.S. inflation in 2026 [4][5]. - Other cryptocurrencies are also affected, with XRP falling nearly 2% to around $1.82, while Ethereum remains stable at $2,802 [5].

Core Insights - Coinbase has entered the prediction market space, allowing users in the U.S. to trade on outcomes of real-world events such as elections and sports [2][3] - The prediction market offerings are part of a broader update announced during the "Coinbase System Update" event [2] - Users will manage prediction market positions alongside existing crypto and equity balances, with initial market flow coming from Kalshi [3] Industry Trends - The prediction market sector is experiencing significant growth, with analysts suggesting it could evolve into a new asset class [4][6] - Robinhood's CEO noted that prediction markets are their fastest-growing business, with 2.3 billion event contracts traded in Q3 and 2.5 billion in October alone [5] - The prediction market boom is characterized by events-based contract trading that offers transparency and liquidity, although it raises concerns about regulatory arbitrage and consumer protections [6] Coinbase's New Offerings - In addition to prediction markets, Coinbase is expanding its DEX trading integration to include Solana tokens and is introducing futures and perpetual futures trading [7]

Fee Structure - Bitfinex 将现货、保证金、衍生品、Bitfinex Securities 和 OTC 交易的 Maker 和 Taker 交易费用正式设定为 0 [1] - 该零费用政策并非短期促销，而是将作为长期标准费用结构实施，目前没有设定的结束日期 [1]

弱弱的说一句Hashkey香港有各种限制没做起来可以理解那Hashkey 全球呢？没有任何限制做了一两年了全站日交易20WU是啥原因呢？ https://t.co/74hgPLjq2MChris Lee (@ViewsOfChris):看了推友发给Hashkey董事长的公开信。无奈的是香港监管、合规的要求和行业的需求有巨大的鸿沟。导致很多业务没法执行，过度监管伤害行业。其实日本就是其中一个例子。本来日本是第一个大国发行数字货币交易所牌照，结果合规成本和税等毁了这个行业，现在还有谁记得Bitflyer… ...

In an interview with WuBlockchain, Lin Han, founder of cryptocurrency exchange Gate, discussed in detail the subsequent market trends, the FTX crash and PoR, US compliance plans, the Hyperliquid challenge, IPO plans, and whether Gate will acquire a bank. Read more: https://t.co/ODNf8M4DcU ...

Core Insights - Bitget, the world's largest universal exchange (UEX), has launched a limited beta test for Bitget TradFi, allowing crypto users to trade global forex, metals, commodities, indices, and stock CFDs using USDT as margin [2][3] Group 1: Market Opportunity - The global forex daily trading volume has reached approximately $9.6 trillion, a nearly 30% increase from 2022 [2] - The average daily trading volume of OTC interest rate and forex derivatives also amounts to trillions, with a total nominal outstanding principal exceeding $700 trillion [2] - The global CFD brokerage market is projected to generate $5.6 billion in revenue by 2025, with expectations to nearly double by 2035 [2] Group 2: Product Features - Bitget TradFi supports existing users to trade major forex pairs, gold, and other mainstream CFD products on a single platform, eliminating the need for separate brokerage accounts or currency exchanges [3] - All positions are settled in USDT, offering high leverage of up to 500 times, and competitive trading fees starting as low as $0.09 per trade [3] - The platform operates under the regulatory framework of the Mauritius Financial Services Commission (FSC) [3] Group 3: Strategic Vision - Bitget TradFi aims to bridge digital and traditional financial tools, enhancing market accessibility and capital efficiency for users globally [4] - The launch is part of Bitget's broader strategy to integrate wealth management functions, allowing users to manage crypto assets, tokenized stocks, and macro markets within the same ecosystem [3][4] Group 4: Company Background - Founded in 2018, Bitget serves over 120 million users, providing access to millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets [5] - The platform is committed to enhancing user trading experiences through AI-powered tools and seamless integration of blockchain infrastructure with traditional finance [6]

https://t.co/5OWxW9BKEp ...

🚨 @KaitoAI-powered Prediction Markets have entered the chat...Kaito has announced an official partnership with leading predictions platform @Kalshi.Users can now predict which crypto exchange will have the highest mindshare, from a list that includes @Binance, @Coinbase, @HyperliquidX, and others.Here's what you need to know about what might be the biggest prediction market collaboration in the sector's history ⬇️https://t.co/jbnZVzVbUB ...

Group 1 - HashKey's Initial Public Offering (IPO) raised HK$1.6 billion (approximately $206 million) by pricing its shares at HK$6.68, which is at the upper end of the proposed range [2][3] - On its first trading day, HashKey's shares opened at HK$6.7, peaked at HK$7.11, but ultimately closed at HK$6.51, reflecting a decline of around 3% by midday [1][2][3] - The IPO attracted nine prominent investors, including UBS AM Singapore, Fidelity, and CDH, indicating strong interest from institutional investors [3] Group 2 - HashKey's journey towards the IPO included clearing the HKEX listing hearing on December 1, which was a crucial step in the public listing process [4][5] - Following the hearing, HashKey engaged in prospectus registration, marketing, and book-building, aiming to raise $200 million in the IPO [5] - The Chairman and CEO of HashKey, Xiao Feng, emphasized the importance of compliance for long-term success and sustainable growth, viewing the listing as a starting point for greater responsibility [3]

Core Viewpoint - HashKey Holdings, a cryptocurrency exchange, made its market debut in Hong Kong, raising $206 million through its IPO, despite experiencing volatility in its share price shortly after listing [9]. Company Overview - HashKey, founded in 2018, provides services such as asset management, brokerage, and tokenization, and operates the largest licensed crypto exchange in Asia [9]. - The company plans to focus on cash flow rather than profitability in the near term, continuing to invest as the industry grows [7]. IPO Details - HashKey's IPO was the first by a crypto company in Hong Kong, with demand for the institutional tranche reaching 5.5 times the amount of stock offered, while the retail tranche was nearly 394 times oversubscribed [9]. - The shares initially climbed 6.6% on debut but later fell slightly below the IPO price of HK$6.68 [9]. Market Context - The cryptocurrency market has seen significant volatility, with Bitcoin dropping as much as 36% after reaching an all-time high of over $126,000 in early October [4]. - Despite regulatory challenges in mainland China, Hong Kong has embraced digital assets, positioning itself as a leading financial hub [5][6]. Future Plans - HashKey intends to invest IPO proceeds in technology infrastructure, market expansion, partnerships, and operational and risk management [8]. - The Hong Kong stock exchange is expected to have its best year since 2021, with over $34 billion raised from new listings so far [8].