Insight: Those who stay true to their beliefs in the long run will succeed in the market, while those trapped by short-term thinking will fail

On December 9, Binance Alpha launched Midnight (NIGHT). The token currently has a $450 million market cap and trades at $0.025 per unit. Eligible users can claim an airdrop of 600 NIGHT tokens, which is worth roughly $15 at current prices.

On December 9, Hyperliquid’s layer-1 perpetual futures DEX trade.xyz (https://trade.xyz) announced the listing of tokenized shares of streaming giant Netflix (NFLX), with up to 10x leverage available for traders.

On December 9th, Binance Alpha announced the Midnight (NIGHT) airdrop will reopen at 17:30 UTC+8. Users holding at least 230 Alpha Points are eligible to claim 600 NIGHT tokens via the event page.

**December 9th Update** Polymarket CEO Shayne Coplan told Axios in an interview Wednesday that the prediction market platform is currently operating at a loss. “We’re not opposed to making money, but our top priority is building a new market,” he said. “We want to grow this space as much as possible, and capturing as much market share as we can is our main focus.” Like most prediction markets (and sports betting), Polymarket relies on a spread. Users don’t see upfront transaction fees, but they effectively pay via the spread. The key distinction: Polymarket’s spread goes to liquidity providers—not the platform—with those users earning it for placing orders.

On December 9, spot gold rose $12 in the short term, topping $4,200 per ounce with a 0.23% intraday gain, per market data.

December 9 – Per monitoring from HyperInsight, the wallet labeled “Whale with 30 Failed Long Attempts” (0x8d0) has been steadily accumulating ETH spot holdings at ~$3,115 over the past 3 hours, while opening a 20x leveraged ETH long position. The whale holds 2,004 ETH (~$6.24 million) in spot, with the leveraged long position totaling ~$6.24 million at an average entry price of $3,125. Earlier today, the address also added 66.13 BTC (~$6.01 million) to its holdings. Currently, all ETH and BTC spot holdings from this address have been transferred out to other chains. Since October 11, the whale has frequently executed intraday long positions across multiple tokens. As of November 26, it had placed over 30 long trades, incurring ~$6 million in losses—though it has posted a small profit over the past 7 days.