Bitcoin Holds Near $92K as Selling Cools, but Demand Still Lags
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ETF inflows have finally turned positive, but weak on-chain activity, defensive derivatives positioning, and negative spot CVD show a market stabilizing without the conviction needed for a sustained move higher.
[French Financial Markets Authority Plans to Relax Retail Cryptocurrency Trading Rules and Allow Marketing of Crypto Index ETNs]
The French Financial Markets Authority (AMF) will update regulations to allow the sale of certain crypto investment products to retail investors, following the UK Financial Conduct Authority's (FCA) plan to ease restrictions on retail investment in crypto ETNs. The AMF will amend the ban set to take effect in October 2025, permitting retail marketing of crypto index ETNs for the first time and removing warning label requirements for eligible products. The new rules involve crypto assets like Bitcoin and Ethereum that meet market capitalization and trading volume criteria, with a policy review planned for the first half of 2027.
[Fed Rate Cut Expectations Drive Copper Price Rebound, Once Rising to $11,582 Per Ton]
Copper and other industrial metal prices rose as traders anticipated the Federal Reserve would cut rates for the third consecutive time. Copper prices once climbed 0.8% to $11,582 per ton, recovering most of the losses from the previous trading day. Investors expect the Federal Reserve to announce a 0.25 percentage point rate cut early tomorrow morning (UTC+8) while looking for clues about next year's monetary policy. By 2026, the money market predicts the Federal Reserve will implement two more rate cuts.
[Binance to Remove Multiple Spot Trading Pairs Including CHR/BTC]
Binance will remove the following spot trading pairs and cease trading at 11:00 (UTC+8) on December 12, 2025: CHR/BTC, ENJ/BTC, HAEDAL/FDUSD, LISTA/BNB, POWR/BTC, PROVE/BNB, UMA/BTC, and ZRX/BTC.
[CertiK detects suspicious deposit of 4,250 ETH related to Babur hack]
CertiK has detected a suspicious deposit transaction of 4,250 ETH (approximately $14 million) on Tornado Cash. This transaction is related to an attack targeting an individual with the username 'Babur' five days ago. Multiple large wallets belonging to Babur have been confirmed to have lost $19.5 million.