Group 1 - Leading whales on Hyperliquid have shifted from very bearish to slightly bearish, with cumulative long positions reaching $2.14 billion and short positions at $2.43 billion [1][2] - Smaller wallets, totaling over 300,000 addresses, are strongly bullish, indicating a potential increase in market volatility due to whale influence on token prices [2] - A notable Bitcoin whale increased their Ethereum long position to 67,103 ETH, valued at approximately $210 million, reflecting a significant bullish sentiment [2][3] Group 2 - The crypto market has been in bearish conditions since the October 10 selloff, with Bitcoin trading 29% below its all-time high, although a recent break above $92,000 is viewed positively by analysts [4] - Strategy, a leading Bitcoin treasury company, purchased 10,624 BTC on December 8, contributing to a cooling of bearish sentiment in the market, while total crypto liquidations decreased by 57% to $208 million [5] - Lower liquidations suggest reduced speculation, with traders awaiting macro catalysts such as the upcoming US CPI report scheduled for December 10 [6]

Core Insights - The altcoin market has transitioned from significant losses to a sideways phase, with specific altcoins attracting derivatives traders to take one-sided positions [1][2] Group 1: Zcash (ZEC) - ZEC has experienced a 50% decline from its all-time high of $748, which may attract investors looking for rebound opportunities [3] - Zooko Wilcox, the founder of Zcash, is set to participate in a discussion hosted by the SEC on December 15, which is expected to bolster support for privacy altcoins like ZEC [4] - If ZEC falls to $295, Long traders could face liquidations totaling up to $98 million due to overly confident positions without stop-loss plans [4][5] Group 2: Aster (ASTER) - Aster's price has dropped over 60% and is currently below $1, despite benefiting from increased trading activity during the Perpetual DEX boom [6] - An accelerated buyback program starting December 8, 2025, with a new daily buyback pace of $4 million, may support a price increase [8] - If ASTER rises to $1.07, Short-side liquidation volume could exceed $32 million, as the price has reached a strong support zone [8] Group 3: Bittensor (TAO) - The liquidation map for Bittensor (TAO) indicates a significant imbalance, with Long-side liquidation volume far exceeding that of the Short side [9]

Robinhood to enter Indonesia by acquiring local crypto trading firm https://t.co/QAgqrdP8aD ...

Core Insights - Robinhood Markets is set to acquire Indonesian brokerage firm Buana Capital Sekuritas and licensed digital asset trader Pedagang Aset Kripto, marking its entry into the Southeast Asian market [1] Company Summary - The acquisition signifies Robinhood's strategic expansion into international markets, particularly in Southeast Asia, which is experiencing growth in retail trading [1] Industry Summary - The move highlights the increasing interest in digital asset trading and the potential for growth in emerging markets like Indonesia, where retail trading is on the rise [1]

Kalshi is encroaching on Polymarket's territory. Photo by Maël Balland via Pexels. Key Takeaways Kalshi has launched tokenized event contracts on Solana. The pivot to on-chain trading challenges Polymarket on its own turf. Jupiter is the first DEX to integrate the new tokens. Kalshi has launched tokenized prediction contracts on Solana, marking its entry into a field that Polymarket currently dominates. While Kalshi is the older platform, Polymarket’s on-chain platform helped really popularize the ...

Market Overview - Extreme fear continues to dominate the crypto trading environment, with the Crypto Fear and Greed gauge rising to 18, only slightly above last week's low of 10, indicating significant market stress [1] - Bitcoin is trading above $90,000, reflecting a 4% increase over the past day, but remains in liquidation zones rather than entering new territory [1] Altcoin Performance - Most altcoins exhibit weak weekly charts, but a few, including Kaspa, Flare, and SKY, have shown double-digit gains despite market caution [2] - Kaspa is trading near $0.059, up approximately 16% in 24 hours, driven by heavy trading volume and open interest [2][3] Kaspa Insights - The interest in Kaspa is linked to its proof of work design, which targets fast confirmation times and parallel block production, maintaining miner engagement despite broader market weaknesses [3] - Liquidity on larger exchanges remains stable, supporting rotations between Bitcoin, stablecoins, and Kaspa, which helps the token retain intraday gains [3] Flare Insights - Flare's FLR token is trading near $0.015, up about 13% on the day, with 24-hour trading volume exceeding last week's average [4] - The interest in Flare is attributed to its focus on data feeds, cross-chain connectivity, and reward programs that incentivize holders and participants in staking [4][5] SKY Insights - SKY is trading near $0.047, reflecting an 11% increase in 24 hours, and is categorized within the smaller cap bracket, where price swings can be more pronounced during quieter market conditions [6]

WazirX has introduced WazirX Zero, a new subscription-based trading model that removes per-trade fees entirely. Announced on Nov. 26, the model allows users to trade unlimited volumes across more than 300 tokens for a fixed monthly charge of INR 99 (roughly $1). Founder Nischal Shetty said the shift “resets the relationship” between exchanges and users by eliminating fee pressure on every order. A new model for India’s crypto traders According to the company, the traditional percentage-based fee struct ...

Core Insights - Portofino Technologies, a crypto trading firm, is experiencing significant staff turnover, including the recent departures of its Chief Revenue Officer and Chief of Staff [1][2][4] - The company has faced challenges in retaining key personnel, with multiple senior staff members leaving in recent months [4] - CEO Leonard Lancia has disputed the characterization of these departures as unilateral resignations, indicating a more complex situation [3] Staff Departures - Chief Revenue Officer Melchior de Villeneuve and Chief of Staff Olivia Thurman have recently resigned from Portofino Technologies [1][2] - Other notable departures include General Counsel Celyn Armstrong and former Chief Financial Officer Mark Blackborough, who left earlier in the year [4] - The company has seen the exit of two senior developers, Olivier Ravanas and Mike Tryhorn, along with two junior developers [2] Company Background - Portofino Technologies was founded in 2021 by former Citadel Securities leaders Leonard Lancia and Alex Casimo [4] - The firm raised $50 million in equity funding in late 2022, indicating a level of investor confidence despite current staffing issues [4] - The company is exploring the possibility of opening new offices in New York and Singapore, suggesting plans for expansion [5]

Core Insights - Bitcoin is currently trading near $87,000 after a five-day rally, recovering from a 30% decline from October's highs, but analysts suggest that significant price movements may not occur until 2026 [1][2] - The total market value of cryptocurrencies has risen to $3.1 trillion, supported by a rebound in global stock markets and expectations of a Federal Reserve interest rate cut in December [2] - Despite recent inflows of $129 million into US spot Bitcoin ETFs, there has been a significant outflow of nearly $3.6 billion from Bitcoin ETFs in November, marking it as the worst month for sell-offs since February [3] Market Sentiment - A decisive reclaim of the $90,000 level in December could enhance trader sentiment and alleviate concerns about a potential "crypto winter" in 2026, although historically, December has shown average returns of under 5% since 2013 [4] - Traders in the options market are positioning for Bitcoin to potentially reach $118,000, but do not expect it to surpass that level significantly [5] Macroeconomic Factors - Recent comments from Federal Reserve officials indicate potential interest rate cuts in the near term, with the CME FedWatch tool showing an 83% probability for a 0.25% cut in December [6] - The upcoming Federal Open Market Committee meeting is scheduled for December 9 and 10, which could influence market expectations [6] Crypto Market Performance - Over the past 24 hours, Bitcoin has increased by 0.4%, trading at $87,100, while Ethereum has risen by 1.5%, trading at $2,900 [7]

Core Insights - Bitcoin (BTC) has rallied 1.8% to $87,250, indicating a potential recovery from recent negative sentiment and price predictions [1] - The overall market sentiment appears to be shifting, with altcoins like SUI, ENA, BONK, and CC experiencing gains of over 8% as investors seek speculative assets [1] - Despite short-term gains, the long-term outlook for Bitcoin and Ether (ETH) remains bearish, characterized by a series of lower highs and lower lows since early October [2] Market Dynamics - The recent rally in the crypto market is correlated with the performance of U.S. equities, particularly the Nasdaq Composite Index, which saw its largest daily gain since May [2] - BTC's 30-day implied volatility index (BVIV) has decreased from 65% to 55%, indicating reduced expected price turbulence, although it remains high historically [5] - In the derivatives market, BTC put skews indicate ongoing downside concerns, while ETH options show bullishness beyond August 2026 [5] Trading Activity - Renewed interest in the $100K call option for BTC has increased its notional open interest (OI) to $2 billion, matching the $85K and $80K put options [5] - The altcoin market is showing signs of recovery, with tokens like SUI and ENA rising over 11% after a week of declining prices [5] - ETH has gained 3.3% in the past 24 hours, with trading volume increasing by 13% to $27.3 billion, although it has lost over 25% of its value in the past month [5] Sector Performance - The average crypto Relative Strength Index (RSI) is at 50.34, indicating indecision amid negative sentiment and strong price action [6] - Privacy coins like Zcash (ZEC) and DASH are lagging, with ZEC losing 6.6% in the past 24 hours after a two-month rally [5]