BlockBeats, citing on-chain analyst Ai 姨 (@ai_9684xtpa), said an ETH swing-trading whale deposited 1,880 ETH to OKX about one hour ago on December 9, valued at $5.86 million. Following this suspected sell-off, the address now holds only 11.31 ETH on-chain, with its previous ETH balance largely emptied.

Timothy Misir, head of research at BRN, said in a report on Tuesday that flows into U.S. crypto ETFs point to selective positioning rather than broad-based de-risking, with altcoins drawing more capital even as bitcoin (BTC) continues to lag, The Block reported on December 9. He noted that active address numbers are stabilizing and transfer volumes are increasing, which he described as early signs of a market recovery, while emphasizing that overall confidence remains absent and the market is not yet in a fully healthy state. Misir described this week as a "macro binary" period and said many traders are staying on the sidelines ahead of Wednesday's FOMC meeting outcome, as rising rate-cut expectations are being driven by weak ADP employment data and worsening consumer confidence, while U.S. household pessimism and record consumer credit levels further complicate the demand outlook.

An address beginning with 0x9D1c deposited 5,748 ETH, approximately $17.89 million, to Kraken on December 9, about 50 minutes ago, according to Lookonchain. On-chain tracking indicates the ETH originally came from the Ethereum Foundation, per the same source.

OKX plans to launch trading for the NIGHTUSDT perpetual contract on December 9, 2025 at 19:30 (UTC+8), according to an official announcement. The derivative will offer maximum leverage of up to 20x and will be available simultaneously via the exchange's web platform, mobile app and API.

BlockBeats reports that HASHKEY HLDGS launched its share offering on Dec 9 and targets an HKEX Main Board listing on Dec 17. It plans a global sale of about 2.41 亿 shares, with a minimum subscription of about 2808.04 港元. At a midpoint offer price of 6.45 港元, net proceeds are about 14.26 亿港元, for technology and infrastructure upgrades and global expansion. Revenue for 2024 rose to about 7.21 亿港元; a BiyaPay analyst said HASHKEY HLDGS' long-term growth could benefit if Asia's regulatory environment remains supportive.

Polymarket's Dec. 9 market "Will Thailand strike Cambodia?" rose from 37% to 62% within one hour on Dec. 9. Bangkok Post said the Thai Royal Army confirmed an F-16 destroyed a casino used as a drone control station and the air force was targeting rocket bases. Thailand's military said it carried out a "retaliatory" strike after a border clash killed a Thai soldier. The "before Dec. 31" contract jumped from 28% between 8:00 and 10:00 yesterday and settled "Yes", while new Dec. 9 market settles daily and remains unsettled on low trading volume.

The wallet dubbed "BTC OG 内幕巨鲸" (address (0xb31)) now holds about $217 million in ETH longs with $3.45 million unrealized profit (8%) and a $3,068 average entry after a 2,000 ETH limit buy near $3,120 around 11:00 on December 9. Its position totals 7,000 ETH on Hyperliquid; since the first order the trader logged six winning and one losing derivatives trade: $30 million ETH longs on August 21; a combined $110 million BTC and ETH short on October 11 via two addresses; a $30 million BTC short on October 20; a $20 million BTC long on November 4; a $10 million ETH long on November 25; a $3 million ETH short on November 29; and a $70 million ETH long opened on December 7 that remains in profit. BTC holdings were cut from 88,000 to 37,000 coins since August (about $5.1 billion in net disposals at a $100,000 BTC price) while on-chain holdings remain roughly $5.7 billion, including around $3.32 billion in BTC and $1.83 billion in ETH; notable flows included rotating BTC into ETH between August and October, sending 2,000 BTC to Coinbase on October 16, 3,000 BTC to Binance on October 21, 1,900 BTC to Kraken from October 22 to November 2, and borrowing over 220 million USDT against ETH and sending it to Binance on December 1. Arkham links the address to an eight-year-dormant BTC OG that once held more than 50,000 BTC, notes several trades coincided with statements by Donald Trump and U.S. policy moves, and cites roughly $100 million profit from a $500 million BTC short opened hours before the October 11 price drop; the address is connected to one of BitForex's clients, per Coinbob and Arkham data and BitForex CEO Garrett Jin.

Stripe will launch stablecoin payments on Dec. 12, supporting USDC on Ethereum, Base and Polygon, according to Adam of RWA.xyz. Stripe said it will charge a 1.5% fee on the transaction amount in USD with no fixed fee, and all transactions will settle in USD to users' existing payment balances.

The U.S. Treasury issued 25.4 万亿美元 in T-Bills in the 过去 12 个月, bringing issuance to 36.6 万亿美元 and T-Bills to 69.4%, The Kobeissi Letter said. It added that interest costs track the Fed's policy rate, and if inflation rises and rates are hiked, costs would hit unprecedented levels.