A whale went long on HYPE with 5x leverage, suffering a unrealized loss of $12.01 million.

As of December 9th, HTX market data shows ZEC has jumped more than 17% over the past 24 hours, currently trading at $407.78.

On December 9, the Canada Revenue Agency (CRA) announced that roughly 40% of taxpayers using cryptocurrency platforms are engaged in tax evasion or high-risk non-compliance. In an email statement, the CRA noted its cryptocurrency asset audit team has 35 auditors currently handling more than 230 related cases—and has recovered over C$100 million in taxes through audits over the past three years. The agency acknowledged significant gaps in current Canadian laws when it comes to identifying cryptocurrency users, stating regulatory bodies “cannot reliably identify crypto users or assess their tax compliance.” As a result, the CRA has made multiple attempts to obtain platform user data—including requesting records on the top 18,000 users from Dapper Labs. However, after negotiations between lawyers and officials, it only secured data on 2,500 users.

On December 9th, per LookOnChain monitoring data, a trader spent $716 to purchase 16.3 million Franklins. They later sold 4.8 million of the tokens for $20,500. The trader still holds 11.5 million Franklins (valued at $224,000), achieving a 340x profit.

On December 9th, data from Coinglass shows Coinbase’s Bitcoin Premium Index has stayed in positive territory for 7 straight days, currently at 0.0215%. **BlockBeats Note**: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase (a major U.S. exchange) and the global market average. It’s a key indicator to track U.S. market capital inflows, institutional investment enthusiasm, and shifts in market sentiment. A positive reading means Coinbase’s Bitcoin price is higher than the global average—typically signaling strong buying pressure in the U.S. market, active entry by institutions or compliant funds, ample USD liquidity, and bullish investor sentiment. A negative reading (Coinbase price below the global average) usually reflects heavy selling pressure in the U.S., reduced investor risk appetite, rising risk aversion, or capital outflows.

On December 9, Daniel Li—founder of Liquid Capital (formerly LD Capital)—shared on social media: “I think Wall Street will ultimately come out on top. Bitmine is navigating a painful process, much like the one Strategy went through previously. Going forward, there will be models that move beyond the treasury model, making it possible to achieve successful crypto investment in capital markets.”