Farcaster Founder: Future Protocol Features and Product Positioning will Revolve Around the Wallet

December 8th, Bitunix was recently recognized with the "Best Emerging Exchange" award at the 2025 FinanceFeeds Awards. Aimed at honoring emerging trading platforms in the global crypto industry that have demonstrated exceptional growth, innovation, and user trust, the award spotlights standout performers. As one of the world’s fastest-growing crypto exchanges, Bitunix has ramped up progress in technical security, product experience, and global expansion since its 2021 launch. This award not only validates Bitunix’s innovative prowess but also reflects the industry’s strong confidence in the platform’s reliability and future potential. Bitunix noted it will continue to advance product upgrades and global brand building, delivering a more secure, efficient, and professional trading environment for users.

December 8 – Per comprehensive monitoring by HyperInsight and on-chain analysts, crypto market volatility spiked overnight and this morning. As of press time, Bitcoin has climbed above $91,000 and Ethereum has broken through $3,100. Notably, smart whales led by the “1011 Insider Whale” all went long on Ethereum during this period. - The “1011 Insider Whale” added 5x to its ETH long position this morning, now holding 54,277 ETH with an unrealized profit of $4.02 million. - Two “CZ Counterparty” whales hold high-leverage Ethereum long positions and have taken no action. - pension-usdt.eth, previously the top BTC short holder on Hyperliquid, switched to a 2x leveraged ETH long this morning, holding 20,000 ETH with an average entry price of $3,087. - During last night’s Ethereum price drop, “Buddy” liquidated all his ETH long positions for a $738,000 loss—but he later re-entered a long position with 2,100 ETH (valued at $6.18 million). - Additionally, Ethena Labs withdrew 25 mil

December 8—Per a u.today report, French President Emmanuel Macron warned that loosening regulation in the U.S. crypto space may trigger financial instability. “If the U.S. lets cryptocurrency develop too freely, it could spark a global risk spillover—stablecoins typically rely on U.S. dollar assets for backing,” he said. Macron also urged the European Central Bank (ECB) to revamp its monetary policy to tackle emerging financial risks.

On December 8th, on-chain analyst Ai Yi (@ai_9684xtpa) noted that the whale who bought the dip at $3027 has begun taking profits. Over the past two hours, the whale sold 2,136 ETH on-chain at an average price of $3066.4 (roughly $6.55 million). This partial sale netted an $83,000 profit. The whale and linked addresses still hold 7,290 ETH, with a total value of approximately $22.61 million.

On December 8, investor Shuo Manzi posted an article on X recounting Binance’s development history. The piece claimed that in June 2014, Binance leader CZ first met He Yi—then OKCoin’s co-founder and CMO—at a blockchain meetup in Shanghai. Allegedly, the two talked for 10 hours, covering everything from Bitcoin’s core philosophy to exchange operations, and He Yi invited CZ to join OKCoin Global as CTO. In response, CZ commented: “Many details are inaccurate; I won’t go through each one. My first meeting with He Yi was just a hello—no actual conversation, let alone 10 hours.”

December 8th – Market chatter points to a likely Bank of Japan (BOJ) rate hike this month, yet investors are still betting the yen will keep weakening. Traders at Bank of America, Nomura Holdings, and RBC Capital Markets Canada note investor positions reflect this bearish yen bet. Citigroup’s “Yen Pain Index” remains deeply negative, signaling ongoing negative sentiment toward the currency. Even as BOJ Governor Haruhiko Kuroda has hinted at a near-term rate hike, and the bank is reportedly prepping to raise rates in December if the economy or financial markets don’t take a hit, investors are sticking to their yen bearishness. That’s because even if the BOJ acts, Japan’s yields are still expected to lag far behind those in the U.S.—a dollar-positive dynamic. Bank of America’s Asia-Pacific head of G-10 currency trading, Ivan Stamenovic, says: “Positions still favor betting the dollar will keep rising against the yen through year-end—this trend won’t shift unless the BOJ delivers