At the opening of the US stock market, the Nasdaq fell more than 44 points

[Jupiter Exchange Acquires Lending Market Rain.fi] Jupiter Exchange has acquired the lending market Rain.fi, aiming to accelerate the development of the credit market on the Solana chain. Rain.fi conducted a Droplets snapshot on December 10, 2025. The Droplets holdings after the snapshot will be converted into JUP token rewards, which are expected to be distributed in early 2026.

According to the heat ranking, WET's popularity has decreased by 30000 followers compared to yesterday, ranking first. The heat ranking is as follows: ① WET ② MIDNIGHT ③ LUNA （$0.2261，40.43%） ④ ETH （$3209.32，-3.25%） ⑤ ZEC （$415.59，-4.58%） The buying power of WET's main funds is average, with a net inflow of $940800 within 24 hours and a transaction volume of $3364400 within 24 hours, of which the main net inflow is $0.00.

[FalconX Executive: Bitcoin's Next Key Price Level is $88,500] After Federal Reserve Chairman Powell announced a 25 basis point rate cut, Asian stock markets rose, but Bitcoin fell during the Asian trading session. Sean McNulty, FalconX's Head of Derivatives Trading for Asia-Pacific, stated that Bitcoin's next key price level is $88,500, with $85,000 being a critical threshold. On Wednesday, U.S. Bitcoin ETF net inflows reached $224 million, but Bitcoin's price failed to stay above $94,000, confirming that structural selling pressure outweighed demand.

[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.