The U.S. Government Shutdown continues as the Senate rejects the temporary funding bill for the 13th time.

On December 8, OKX announced it will delist the KITEUSDT perpetual contract at 4:00 PM UTC+8 on December 8, 2025.

Binance has secured full regulatory approval from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA), per an official announcement dated December 8. The exchange will transition to a new regulatory framework, with services set to be delivered via three ADGM-licensed entities starting at 4:00 PM UTC+8 on January 5, 2026. Each entity will handle distinct functions aligned with its regulatory permissions: - **Nest Exchange Services Limited**: As a "Recognized Investment Exchange Platform" (authorized to operate a multilateral trading facility), it will oversee all exchange-related activities, including spot and derivatives trading. - **Nest Clearing and Custody Limited**: Operating as a "Recognized Clearing House" (with custody authorization), it will handle clearing and settlement—acting as the central counterparty for the exchange’s derivative trades while safeguarding users’ digital assets. - **Nest Trading Limited**: Serving as a "Broker Dealer

On December 8, data from Coinglass shows that if Bitcoin surpasses $93,000, the cumulative short liquidation pressure across major centralized exchanges (CEXs) will hit $721 million. Conversely, if Bitcoin drops below $90,000, the cumulative long liquidation pressure for these mainstream CEXs will reach $340 million. BlockBeats Note: The liquidation chart does not display the exact number or value of contracts at risk of liquidation. Instead, the bars on the chart reflect the relative significance of each liquidation cluster compared to its neighboring clusters—essentially, its "intensity." As such, the chart indicates how strongly the underlying asset’s price will react when it hits a specific level. A taller "liquidation bar" means the price will experience a more pronounced response due to a liquidity cascade at that level.

December 8 — Prediction market “Will Trump Declassify UFO Files by 2025?” on PolyBeats surged from 5% to 71% in half an hour yesterday, sparking expectations of imminent UFO disclosure. The market’s existence ties to two drivers: Trump’s explicit 2024 campaign pledge to “declassify everything,” and the 2025 National Defense Authorization Act (NDAA)’s mandatory declassification rule for the Department of Defense (DoD). Trading data shows the rally began with trader “ster,” who has consistently bought “Yes” shares since the market launched. Yesterday’s surge was fueled by his market orders during a liquidity crunch, pushing the probability higher. A review of his trade history confirms his strategy aligns with “buy low, sell high” — not insider trading. On the flip side, 6 accounts stood out in the 12 hours after the probability spike. They collectively purchased over 20,000 “No” shares at an average price below $0.20, betting Trump will not declassify the files by 2025. A key c

On December 8, Japan’s 10-year government bond yield rose to 1.965%, notching a new high not seen since June 2007. (Caijing Ten)

On December 8, Philippine digital bank GoTyme—serving 6.5 million customers—has partnered with U.S. fintech firm Alpaca to launch cryptocurrency services in the Philippines. Now, users can buy and store 11 different cryptocurrencies via GoTyme’s banking app, including Bitcoin, Ethereum, SOL, DOT and other altcoins, with automatic conversion from Philippine pesos to U.S. dollars (USD).