If Bitcoin drops below $88,000, the mainstream CEX's long liquidation pressure will reach 606 million.

December 7 – Per an announcement from Huobi HTX, the exchange will jointly launch NIGHT/USDT spot trading on December 9. Deposits for NIGHT will open shortly. Additionally, Huobi Futures will add NIGHT/USDT (10x) isolated margin trading pairs. Per reports, Midnight is a next-generation blockchain, and NIGHT is a popular token within the ADA ecosystem. It leverages zero-knowledge proof (ZKP) technology to deliver utility without compromising data protection or ownership, enabling applications that safeguard user, business, transaction data, and metadata.

As of Dec. 7, WIN has surged over 90% in the past 24 hours, per HTX market data. The token is currently trading at $0.0000575, with a market capitalization of $57.5 million.

On December 7th, Coinglass data shows that if Ethereum breaks above $3,100, cumulative short liquidation intensity across major centralized exchanges (CEXs) will hit $565 million. Conversely, if Ethereum drops below $3,000, cumulative long liquidation intensity on major CEXs will total $471 million. BlockBeats Note: Liquidation charts do not display the exact number of contracts up for liquidation or the precise value of those contracts. Instead, the bars on these charts reflect how significant each liquidation cluster is compared to adjacent clusters—this is what’s meant by "intensity." As a result, liquidation charts indicate how strongly an asset’s price will be impacted when it hits a specific level. A taller "liquidation bar" means the price reaching that threshold will spark a more intense reaction driven by a liquidity cascade.

**Foresight News (Dec. 7) —** Domestic GPU firm MoreThread, billed as “China’s first GPU stock,” skyrocketed nearly 470% on its Sci-Tech Innovation Board debut Dec. 5, pushing its market cap above 3 trillion yuan. The IPO netted 267,000 yuan, with investors including Tencent and ByteDance scoring over 35x returns—some institutions hit 6,200x. But the hype has resurfaced controversies tied to co-founder Li Feng’s crypto past: - **2017 ICO Project:** Li launched the questionable “Malgo Coin (MGD)” with Li Xiaolai, backed by an exaggerated whitepaper and fabricated team credentials. The project raised 5,000 ETH during the ICO boom, with just 25% earmarked for R&D (remaining funds’ use was unaccounted for). It later rebranded to “Camel Coin” amid regulatory scrutiny. - **2018 BTC Loan Allegations:** OKEx founder Star accused Li of borrowing 1,500 BTC (~$10M at the time, ~$135M today) and vanishing without repayment. Star said he filed legal claims in China and the U.S., but vagu

NVIDIA CEO Jensen Huang said in a December 7 interview that Bitcoin is currently “turning surplus energy into a new form of currency — one you can take anywhere.” “In other words, it lets you take energy from one location and turn it into something transportable across the globe.”

On December 7th, per Coinglass data, centralized exchanges (CEXs) recorded a total net outflow of 8,915 BTC over the past seven days. The top three CEXs by outflow volume are: · Binance: 6,335.56 BTC · Gemini: 1,193.43 BTC · Bybit: 1,163.66 BTC Bitfinex, meanwhile, led inflows with 1,097.26 BTC.