December 11, according to market data, the US stock market opened with the Dow up 0.05%, the S&P 500 down 0.37%, and the Nasdaq down 0.6%.The crypto sector saw a general decline, as of the time of writing, Coinbase was down 2.48%, BitMine down 5.41%, Circle down 4.73%, and Strategy down 3.93%.

December 11, Tom Lee expects the S&P 500 Index to reach 7700 points in 2026, extending the bull market into its fourth year, meaning a 11.8% increase. He believes the "wall of worry" effect, AI-driven robust tech growth, and the Fed's potentially dovish policies are bullish factors driving the market higher.In 2025, the S&P 500 Index rose by 17%, with the communication services and tech sectors rising by 33% and 27%, respectively. Lee is optimistic about the performance of the tech, AI, cryptocurrency, materials, energy, and financial sectors in 2026.

December 11th, Yat Siu, Co-Founder and Director of Animoca Brands, stated at the Solana Breakpoint Conference that Animoca Brands' proprietary asset investment portfolio includes over 628 portfolio companies, with approximately 200 being gaming projects. He believes that Bitcoin is similar to digital gold, while Altcoins are akin to the stock market, serving as the growth engine of the crypto space. Given that Altcoins carry real-world use cases, their total market capitalization will eventually far surpass that of Bitcoin.

December 10th: Bitcoin treasury company Twenty One Capital (NYSE: XXI) officially debuted on the New York Stock Exchange on Tuesday after completing a merger with Cantor Equity Partners. The company entered the market with a massive balance sheet of over 43,000 bitcoins (worth nearly $4 billion), quickly becoming one of the world's largest publicly traded Bitcoin holding companies.However, XXI's first-day performance came under pressure as the stock price stayed around $11 throughout the day, significantly below Cantor Equity Partners' pre-merger closing price of around $14. This year, several companies that have gone public with Bitcoin Treasuries as their core asset have seen similar trends: amid a high Bitcoin price but a narrowing premium for the sector, newly listed companies have generally opened below their valuation ranges.Twenty One Capital received minor investments from Tether, Bitfinex, and SoftBank. The management team stated that the company will focus on building financial infrastructure around Bitcoin and educational products. However, these businesses are still in the early stages, and the market is assessing whether the company can successfully transition from an "asset-driven balance sheet company" to a "company with a clear business operating model."

December 10th, Morgan Stanley Investment Management stated in its outlook report that the current yield of the 10-year US Treasury bond, approaching 4%, may be too low relative to the US economic outlook. The company believes that the 2026 economic growth is facing increasingly strong tailwinds.“Stronger growth combined with stubborn inflation is likely to result in the Federal Reserve cutting interest rates by less than the current market pricing over the next 12 to 18 months.” Against this backdrop, Morgan Stanley Investment Management has taken an underweight stance on US bonds. (Golden Finance)

December 10th, Binance Instant Exchange has officially launched the Take Profit (TP) and Stop Loss (SL) order functions for immediate trading, bringing more professional risk management capabilities to users' trades. Users can set automatic trigger prices for instant orders on the exchange to automatically lock in profits or limit potential losses. Key highlights:Automated Risk Control: Seamlessly integrate TP/SL with instant exchange orders to automatically manage trades through preset trigger prices, allowing users to do so without the need for constant monitoring.Flexible Dynamic Adjustments: The system will dynamically validate prices based on real-time market data. After the order is generated, you can still flexibly modify the TP/SL values, making it easier to optimize trading strategies.Smooth Order Management: Users can directly create, edit, or cancel TP/SL orders on the Binance Instant Exchange interface and receive real-time status updates; if the order price changes, the system will send email notifications.

December 10, According to an official announcement, Bitget has announced the listing of U-indexed NIGHT and WET perpetual contracts, both with a maximum leverage of 25x. Users can trade these contracts via the official website or the Bitget APP.

December 10th, according to lookonchain monitoring, an Ethereum ICO wallet (0x782F) has just transferred 1 ETH to Coinbase after lying dormant for over 10 years. The wallet holds 850 ETH (approximately $2.82 million).This early investor originally invested only $263.5 in the ICO, acquiring 850 ETH—based on the current price, yielding a remarkable 10,684x return on investment.

December 10th, according to OnchainLens monitoring, in the past half hour, a BlackRock address deposited 2,196 bitcoins to a Coinbase address, worth $202.76 million.

December 10th. The yield on the 10-year U.S. Treasury note rose to 4.209%, the highest level since early September, as the market awaits the Federal Reserve's interest rate decision and economic projections. Although the market widely expects the Fed to cut rates by 25 basis points, investors are concerned that the Fed may suggest limited room for further rate cuts in the future.Analysts at TD Securities expect the Fed to signal that future rate cuts will depend on economic data. However, the U.S. interest rate market has already largely priced in this stance. Therefore, analysts point out that if yields continue to rise after the announcement, the magnitude of the increase may be limited, and there may be a slight retreat soon after. (FXStreet)

December 10th, according to Coinglass data, in the past 24 hours, CEX has seen a total net outflow of 25,852.66 BTC. The top three CEXs by outflow volume are as follows:· Binance, outflow of 9,200.25 BTC;· Coinbase Pro, outflow of 8,030.73 BTC;· Bitfinex, outflow of 4,387.70 BTC.Additionally, OKX saw an inflow of 1,117.38 BTC, ranking first in the inflow list.

December 10th, according to HTX market data, Bitcoin fell below $92,000, with a 24-hour growth of 1.93%.

December 10: Listed mining company American Bitcoin Corp. (Nasdaq: ABTC) announced that it has further increased its holdings by 416 bitcoins since its latest disclosure on December 2. As of December 8, 2025, the company holds approximately 4,783 bitcoins through self-mining and strategic acquisitions, with some bitcoins held by a custodian or used as collateral as part of mining equipment purchase agreements.The company has also updated its transparency metric Satoshis Per Share (SPS), which measures the amount of bitcoin held per share of outstanding stock, providing investors with visualized data on their indirect bitcoin holdings. The company stated that it will continue to advance its long-term growth strategy, solidify its industry position, and further expand its reserve holdings.

December 10th, it was revealed that publicly traded company GameStop invested $500 million in Bitcoin in the spring of this year, and now this asset is causing significant volatility for the company. According to the company's third-quarter financial report released on Tuesday, the position had an approximate book value of $519 million at the end of September, bringing in over $19 million in unrealized gains.However, at the end of the second quarter, this holding had risen to $528 million at one point, then experienced an unrealized loss of $9.4 million as the price fell. During the third quarter, GameStop did not increase or sell any Bitcoin.In 2025, the United States has seen Bitcoin reach new highs under crypto-friendly policies. However, the crash on October 10th caused the price to drop by about 30% from its annual high, shaking the industry as a whole. In this collapse, approximately $19 billion worth of leveraged crypto positions were liquidated, and many publicly traded companies that benefited from the bull market began to show signs of pressure.In addition to GameStop, non-crypto companies have also made large Bitcoin purchases this year, including Japanese hotel operator MetaPlanet and Trump Media & Technology Group, owned by former U.S. President Trump. This trend has been fueled by U.S. President Trump issuing executive orders to strengthen the strategic position of crypto assets in his government and pushing regulatory agencies to implement a "light-touch" framework. With the market turning bearish, the financial performance of these companies is facing a severe test.

December 10th, pre-market: Cryptocurrency-related stocks in the US stock market saw mixed performance, including:· MSTR up 0.12%;· COIN down 0.68%;· HOOD up 0.03%;· SBET down 0.17%;· BMNR up 0.23%;· CRCL down 0.39%.

December 10th, according to Coinglass data, if Ethereum breaks through $3400, the total short liquidation intensity of mainstream CEX will reach 515 million.Conversely, if Ethereum falls below $3200, the total long liquidation intensity of mainstream CEX will reach 1.195 billion.BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., intensity.Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity surge when it reaches that level.

December 10th. According to DefiLlama data, in the past 24 hours in the Perp DEX, the trading volume on mainstream platforms has increased, the open interest has slightly risen again, and the TVL has seen minor changes. This indicates that the funds on various platforms remain active and leverage has been added. The current trading volumes on some Perp DEX platforms are as follows:Lighter had a 24-hour trading volume of approximately $88.3 billion, a TVL of around $13.9 billion, and an open interest of $17.3 billion;Hyperliquid had a 24-hour trading volume of approximately $85.2 billion, a TVL of around $44.6 billion, and an open interest of $67.9 billion;Aster had a 24-hour trading volume of around $76 billion, a TVL of approximately $13.8 billion, and an open interest of $27.2 billion;EdgeX had a 24-hour trading volume of about $61.3 billion, a TVL of approximately $4.01 billion, and an open interest of $8.31 billion;ApeX had a 24-hour trading volume of around $32.9 billion, a TVL of about $47.27 million, and an open interest of $93.03 million;Backpack had a 24-hour trading volume of approximately $12.1 billion, TVL not disclosed yet, and an open interest of $2.04 billion;Variational had a 24-hour trading volume of about $10.3 billion, a TVL of around $72.86 million, and an open interest of $32 billion;Pacifica had a 24-hour trading volume of around $7.12 billion, a TVL of approximately $42.45 million, and an open interest of $7.12 million.

December 10th, the Indonesia Blockchain Week 2025 was held at the Jakarta International Conference Center. This year's conference, themed "AI, Blockchain, and Tokenization Solutions," attracted over 5,000 participants from the industry, investment, financial, and regulatory fields.During the conference, TRON Foundation's founder, Justin Sun, delivered a speech via video, introducing the latest data of the TRON network: the on-chain user count exceeded 350 million, with a daily transaction volume of over 10 million and over 3 million daily active users. In addition, TRON's protocol revenue in the past two quarters has approached nearly $1 billion for a single quarter. Justin Sun also mentioned that the community has approved a proposal to reduce the energy cost by about 60%.Regarding ecosystem progress, Justin Sun mentioned the growth of stablecoins, DeFi applications, and advancements in combating on-chain illicit activities. It was reported that the T3 FCU, jointly initiated by TRON Foundation, Tether, and TRM Labs, has frozen over $300 million of assets involved in less than a year.

December 10, according to Coinglass data, if Bitcoin falls below $91,000, the cumulative long liquidation intensity of mainstream CEXs will reach $972 million.Conversely, if Bitcoin breaks above $94,000, the cumulative short liquidation intensity of mainstream CEXs will reach $612 million.BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to adjacent liquidation clusters, i.e., intensity.Therefore, the liquidation chart shows to what extent the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that the price will have a stronger reaction due to a liquidity cascade once it reaches that level.

December 10, according to market data, U.S. stock futures hit an intraday low, with Nasdaq 100 Index futures falling 0.3%.