The Philippines proposes to establish a strategic reserve and plans to purchase 10000 bitcoins within 5 years

[BNP Paribas Closes 10-Year US Treasury Short Position After Fed Rate Cut] BNP Paribas has closed a short position on 10-year US Treasuries after the Federal Reserve's expected rate cut, profiting from the trade that bet on rising Treasury yields. BNP Paribas opened the position when the yield was at 4.09% and closed it at 4.15%. Analysts stated that the Fed's unbalanced policy response mechanism will put pressure on the rates market ahead of the release of the next non-farm payroll data. Despite divisions in the voting for this Fed decision, policymakers are emphasizing the weak trend in the US labor market.

Bitcoin MENA 2025 was held in Abu Dhabi on December 8-9. Antalpha COO Dr. Derar Islim stated that the event showcased the shift in the Bitcoin narrative toward building long-term financial infrastructure. The concept of a 'Bitcoin-backed digital bank' proposed by Michael Saylor aligns with Antalpha's strategic direction. Antalpha believes Bitcoin will become the underlying reserve asset for institutional credit markets and the modern financial system.

[ETH Briefly Drops Below the 'BTC OG Insider Whale' Average Holding Price, Unrealized Gains Retracted] ETH price briefly dipped to $3,175, falling below the 'BTC OG Insider Whale' average holding price of $3,177. This whale currently holds a position worth approximately $383 million, with a liquidation price of $2,235. At 4:00 AM today, unrealized gains peaked at $25.3 million. Recently, this address transferred funds from Binance to Hyperliquid to open a 5x leveraged ETH long position, having previously profited nearly $100 million from a $500 million BTC short position.

[An address went long on ETH at a high price, losing $3.24 million in 14 hours] The address starting with 0xa43d went long on ETH at a high price, resulting in a $3.24 million loss within 14 hours. The address opened a long position 14 hours ago, partially closed the position 3 hours ago with a loss of $583,500, and is currently still holding a long position of 11,793 ETH (approximately $37.6 million) with an unrealized loss of $2.66 million.

[Vanadi Coffee Increases Bitcoin Holdings to 129, Ranking 100th on the List] BitcoinTreasuries.NET posted on platform X, stating that the Spanish listed company Vanadi Coffee has purchased an additional 10 BTC. It now holds a total of 129 BTC, ranking 100th on the Bitcoin holdings list by BitcoinTreasuries.NET.