In the past 24 hours, the entire network has seen $343 million in liquidations, with the primary liquidated position being a short.

On December 11th, WSJ reports that Musk’s SpaceX has unveiled its data center project as part of an equity sale.

On December 11th, Goldman Sachs sees significant upside potential to its $4900 gold price forecast for end-2026. (Gold10)

On December 10, Surf—a specialized AI platform focused on cryptocurrency—announced it has closed a $15 million funding round led by Pantera Capital, with participation from Coinbase Ventures and Digital Currency Group. Surf rolled out its invite-only product in July before opening to the public in September. Per company data, the platform now boasts over 300,000 users and has generated more than 1 million cumulative search results. Founder Li noted Surf can answer a range of crypto questions, from basic to deep technical queries. Some 80% of its users are not industry professionals, while the remaining 20% come from VC firms, exchanges, and other crypto-related institutions. The startup reported its revenue has already hit the millions of dollars, with a target of reaching $10 million by the end of 2026. Surf’s revenue comes from subscriptions, ranging from $15 to $399 per month depending on tier. It also offers a free version with limited daily question allowances. The compan

On December 10, Sei—a next-gen blockchain network—announced a major partnership with global consumer electronics giant Xiaomi. Key details of the collaboration: - **Pre-installed Tool**: All new Xiaomi smartphones (excluding mainland China and U.S. models) will come pre-loaded with Sei’s crypto wallet and app discovery tool. Features include one-click onboarding via Google/Xiaomi ID, built-in MPC wallet security, access to top DApps, P2P transfers, and C2B payment capabilities. - **Target Markets**: Priority rollout in mature crypto-adoption regions: Europe, Latin America, Southeast Asia, and Africa. Xiaomi holds strong positions in Greece (36.9% market share) and India (24.2%). - **Stablecoin Payments**: Xiaomi plans to integrate stablecoin (e.g., USDC) payment functionality into its global retail system. First launches are slated for Hong Kong and the EU in Q2 2026, with expansion to more compliant markets to follow. - **Scale Impact**: Xiaomi sold 168 million smartphones

**Bitcoin mining firm Canaan Technology shared key updates on December 10:** - Its unaudited November operational report shows it mined 89 BTC last month, plus strategically added 100 BTC via market operations to capitalize on price swings. - By month-end, the company’s crypto inventory on the balance sheet totaled 1,730 BTC and 3,951 ETH. - As of December 10, 2025, Canaan has cumulatively repurchased ~6.59 million American Depositary Shares (ADS) for a total consideration of ~$4.9 million.

Coinbase will support the migration of Maker (MKR) to SKY between January 12 and 14, 2026, with a conversion rate of 1 MKR for 23,520 SKY. MKR transactions and transfers will be paused during this window. Users opting out of the automatic conversion must withdraw their MKR to a self-hosted wallet by January 12.