OKX will list NIGHT spot trading

On December 6th, Coinglass data shows current funding rates across major centralized (CEXs) and decentralized (DEXs) exchanges signal bearish market sentiment. Funding rates for key major coins are available in the attached image. Note from BlockBeats: Funding rates are fees set by crypto exchanges to balance contract prices with underlying asset prices, primarily for perpetual contracts. This is a fund exchange mechanism between long and short traders—exchanges do not collect this fee. It adjusts the cost or profit of traders holding positions to keep contract prices aligned with underlying asset prices. Key rule: A 0.01% funding rate is the baseline. Rates above 0.01% generally indicate bullish sentiment; rates below 0.005% generally signal bearish sentiment.

On December 6, Coinbase Institutional shared a social media update noting that recovery signs are gradually emerging in the market. As liquidity conditions improve, the probability of a Federal Reserve rate cut has surged to 92% (as of December 4). With macro tailwinds continuing to mount, the cryptocurrency market could be gearing up for a December recovery rally. The analysis is rooted in three key observations: - Liquidity is rebounding - The so-called "AI bubble" has yet to burst (and still has upside potential) - Shorting the U.S. dollar is attractive at current levels Coinbase Institutional added that back in October, it forecast a market position adjustment (citing its proprietary M2 index), expecting weakness in November followed by a December reversal. This could mark the starting point for the cryptocurrency market to rebuild momentum.

Dec. 6 – Farside Investors reports U.S.-listed Solana spot ETFs recorded a net inflow of $15.7 million yesterday, with the following breakdown: Bitwise BSOL (+$12.2M); Fidelity FSOL (+$3.5M). ### Notes on U.S. language/formatting habits: 1. **Abbreviation**: "Dec." for "December" (common in quick updates). 2. **Dash structure**: Uses a dash to separate date from content (standard for news alerts). 3. **Active verb**: "reports" (natural for financial monitoring updates, vs. passive "according to"). 4. **Conciseness**: "$15.7M" (million = "M" in U.S. financial shorthand) and "breakdown" (clearer than "including" for itemized data). 5. **Clarity**: Parentheses for inflow labels (avoids clutter, aligns with U.S. financial reporting norms). 6. **Precision**: "U.S.-listed" (specifies the ETFs’ trading location, critical for context).

On Friday, December 6, U.S. cryptocurrency-linked stocks closed lower, per market data. Notable declines included: - Coinbase (COIN): -1.58% - Circle (CRCL): -2.1% - MicroStrategy (MSTR): -3.77% - Bullish (BLSH): -4.07% - Bitmine (BMNR): -6.22% - SharpLink Gaming (SBET): -3.94% - BTCS (BTCS): -2.63% - BNB Network Company (BNC): -5.04% - ALT5 Sigma (ALTS): -9.49% - American Bitcoin (ABTC): -7.85%

On December 6, Onchain Lens data shows a whale address withdrew $13.98 million worth of cryptocurrency from Binance and Kraken 9 hours ago. Currently, the whale holds a total of $74.83 million in assets, including: - 1.62M LINK ($22.01M) - 6.05K ETH ($18.29M) - 43.53M ENA ($11.27M) - 3.291K AAVE ($6.02M) - 8.08M ONDO ($3.75M) - 1.49M PENDLE ($3.6M) - 59.651K UNI ($3.26M) - 6.47M ARB ($1.3M) - 22.59M SKY ($1.18M) - 3.16M OP ($0.9505M)

Official sources report that Moonshot launched the Meme coin $Franklin on December 6. The token’s current market cap is $6.76 million, with a 24-hour trading volume of $5.92 million.