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Bitget Daily Digest (Dec. 8)｜The median stock price of DAT companies listed in the U.S. and Canada has fallen 43% this year; Trump proposes replacing the current personal income tax system with tariff revenue
Bitget2025/12/08 02:27
By: Bitget
Today’s Outlook
1、According to PANews, Bloomberg: The median stock price of DAT companies listed in the U.S. and Canada has fallen 43% this year.
2、Michael Saylor has once again shared Bitcoin tracker data, and additional purchase details may be disclosed this week.
3、Data: Total USDT supply has surpassed 190 billion, reaching a new all-time high.
Macro & Hot Topics
1、K33 Research analyst Vetle Lunde: December may become a turning point for the crypto market, with structural upside forming. Bitcoin’s current valuation reflects market fear more than fundamentals. The probability of a strong rally is far greater than another 80% drop. December could present a bold accumulation opportunity.
2、Trump: “In the near future, people will no longer need to pay personal income tax.” It is reported that Trump plans to replace the current personal income tax system with tariff revenue.
3、Kevin Hassett: Unless a “black swan” event intervenes, the U.S. will usher in a golden year in economic history.
Market Performance
1、In the past 24 hours, total crypto market liquidations reached $439 million, including $295 million in long liquidations. BTC liquidations amounted to $109 million, and ETH liquidations reached $181 million.
2、U.S. stocks: Dow Jones -0.22%, S&P 500 +0.19%, Nasdaq Composite +0.31%.
3、Bitget BTC/USDT liquidation map shows: Around $90,900, BTC faces dense long liquidation clusters; a breakdown may trigger cascading long liquidations. Meanwhile, significant short positions accumulate between $92,000–95,000, and a move upward could lead to a short squeeze.
4、In the past 24 hours, BTC spot inflows reached $177 million, outflows $169 million, for a net inflow of $8 million.
News Updates
1、Global asset management firm WisdomTree has launched a new tokenized fund, bringing options-yield strategies onto the blockchain.
2、Analysis: The U.S. SEC is evaluating the regulatory importance of crypto privacy, which may lead to polarized opinions.
3、Elon Musk: Grok 4.20 will be released in 3 to 4 weeks.
Project Developments
1、Farcaster co-founder Dan Romero: Farcaster focuses on building a wallet to attract more users.
2、HumidiFi: The new token public sale will begin on December 8 at 23:00.
3、Ethena has withdrawn another 25 million ENA from Bybit, worth $7.05 million. The wallet now holds 779.89 million ENA, valued at $207.7 million.
4、ZKsync plans to deprecate the early network ZKsync Lite in 2026.
5、APT, LINEA, CHEEL and other tokens will undergo major unlocks this week, with APT unlocking about $19.3 million in value.
6、A wallet suspected to be associated with Wintermute has accumulated about $5.2 million worth of SYRUP tokens over the past two weeks.
7、The president of the Solana Foundation urges lending protocols to stop infighting and focus on expanding the market.
8、Twenty One Capital will be listed on the New York Stock Exchange on December 9.
9、Analysts: ETH held on CEX platforms has dropped to a historical low of 8.8%. The tightening supply may push prices higher.
10、Nvidia CEO Jensen Huang: Bitcoin is absorbing excess energy and storing it as a new form of money.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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