MGBX Launches "Trading Combo Challenge" Event, Total Prize Pool of 9,000 USDT

On December 7th, Bloomberg Senior ETF Analyst Eric Balchunas noted that comparing Bitcoin’s recent sharp correction to the 17th-century “Tulip Mania” is unwarranted—despite Bitcoin’s latest drop. He pointed out the tulip bubble lasted just ~3 years and vanished entirely after crashing, whereas Bitcoin has endured 17 years, weathered 6–7 major pullbacks, and hit multiple all-time highs. Bitcoin has surged ~250% over the past three years, including a 122% jump last year. The current decline looks more like a “pullback from last year’s excessive rally.” Even if it trades flat or dips slightly in 2025, its long-term annualized return would still hover around 50%. Eric stressed the only overlap between Bitcoin and tulips is that both are “non-productive assets.” But non-productive assets like gold, Picasso paintings, and rare stamps have long been recognized as valuable. The tulip mania was a classic “one-and-done frenzy + collapse” scenario—Bitcoin clearly falls into an entirely d

On December 7th, data from HTX shows bankruptcy-related concept coins continued to rally, including: - USTC: Up over 78% in 24 hours, market cap $69.35 million; - LUNA: Up over 39% in the past day, market cap $160 million; - LUNC: Up over 19% in 24 hours, market cap $363 million; - FTT: Up over 18% in the past 24 hours, market cap $234 million. BlockBeats reported yesterday that SBF has been speaking out lately after a fellow inmate received a pardon, stoking speculation about a potential pardon for himself. However, the Polymarket prediction market still pegs the probability of “Will Trump pardon SBF by 2025?” at around 2%.

On December 7, Aztec announced that its AZTEC token sale has concluded. Total subscriptions reached 19,476 ETH, with 50% of funds originating from the Aztec community. A total of 16,741 users participated across the network. Users holding 200,000 or more AZTEC tokens may begin claiming block rewards today. The Token Generation Event (TGE) will be triggered by a single on-chain governance vote, with the earliest possible date being February 11, 2026. At the TGE, 100% of tokens obtained via the token sale will become freely transferable. Only token sale participants and genesis sequencers are eligible to vote on the TGE.

On December 7, CryptoOnchain released an analysis noting that Bitcoin’s LTH-SOPR/STH-SOPR ratio has fallen to 1.35—its lowest level since 2024—while the price has retreated to roughly $89,700. ### 1. End of Large-Scale Selling Pressure A high SOPR ratio signals long-term holders (LTHs) have locked in more profits than short-term holders (STHs). Now, the drop to 1.35 indicates the large-scale distribution of "old coins" (held by LTHs) has significantly waned, and the profit gap between seasoned holders and new capital is narrowing. ### 2. Market Sentiment Cools Significantly The SOPR ratio often acts as a barometer for shifts in market sentiment. This decline suggests the market has undergone a thorough reset, clearing out early-cycle speculative froth. Historical data shows that in a macro bull market, a drop in this ratio to such low ranges typically means selling pressure is nearing its end. If the indicator stabilizes or ticks higher around 1.35, it may signal a cyclica

On December 7th, Musk tweeted that numerous media reports claiming SpaceX is raising capital at an $80 billion valuation are inaccurate, per Wall Street Breakfast.

On December 7, per EmberCN monitoring, a crypto whale used flash loans to liquidate 32,000 AAVE at $101 during the October 11 market crash—and has continued borrowing and purchasing AAVE via flash loans since November 24. Half a month later, the whale has spent 14 million USDC to acquire 80,900 AAVE at an average price of $173. Currently, the whale holds a total of 333,000 AAVE (valued at ~$62.59 million) via flash loans, with a weighted average cost of $167 and a liquidation price of $117.7.