A survey shows that among Japanese cryptocurrency holders, 22.2% exited due to tax complexity and 19.4% due to price volatility. Investors generally consider tax complexity and volatility as major challenges, and the need to track transactions and calculate gains and losses leads some to feel that the administrative burden outweighs the benefits.

Odaily Planet Daily News: According to official sources, Gate founder and CEO Dr. Han has been invited to attend the 2025 Entrepreneur Middle East Leadership Awards and will travel to Dubai to participate in the grand event on December 11. The selection is organized by the authoritative business media outlet Entrepreneur Middle East, which has for eleven consecutive years honored companies and leaders who have demonstrated outstanding leadership, innovation, and industry influence in the Middle East and the global business ecosystem. This year, the award has been officially upgraded to the Entrepreneur Middle East Leadership Awards, focusing from a broader perspective on outstanding representatives with vision, influence, and industry leadership. As a long-term deep...

Bitwise Chief Investment Officer Matt Hougan predicts that as investors' attention to digital assets deepens, cryptocurrency index funds will become popular in 2026. He believes that these types of funds are a good starting point for investment, even though the market is complex and it is difficult to predict the performance of individual tokens. In the next decade, the importance and market size of cryptocurrencies may grow significantly.

According to Gate News Bot on December 9, citing CoinMarketCap data, as of press time, PLUME (Plume) is currently trading at $0.02, up 8.07% in the past 24 hours, reaching a high of $0.02 and a low of $0.02. Its current market capitalization is approximately $68.8 million, an increase of $5.14 million compared to yesterday. Plume is a public blockchain focused on the expansion of real-world assets (RWA), dedicated to transforming real assets into crypto-native global financial instruments. The platform has more than 200 ecosystem partners and an asset pipeline of $5 billion, covering diverse assets such as solar farms, Medicaid receivables, and mining rights. Plume has built a complete RWA ecosystem, including the Plume Chain mainnet, Arc cross-chain bridge, pUSD ecosystem stablecoin, p

21Shares is accelerating the rollout of its spot XRP ETF. According to the latest filing submitted to the U.S. Securities and Exchange Commission (SEC), the issuer has made a fifth amendment to the S-1 document, completing key pre-listing adjustments and reducing the management fee from 0.50% to 0.30% to enhance market competitiveness. The ETF is currently expected to be listed on the CBOE BZX Exchange under the ticker symbol "TOXR," but is still awaiting final approval. The 21Shares XRP ETF will join an expanding lineup of XRP ETFs alongside institutions such as Canary, Grayscale, and Bitwise. As the total assets under management (AUM) of spot XRP ETFs approach $1 billion, market competition is intensifying. Bitwise, Franklin Templeton, and Grayscale have all introduced various management fee waivers, with Franklin Templeton’s XRPZ offering the lowest fee at just 0.19% and the longest waiver period. In comparison, 21Shares has yet to announce any fee waiver policy.

The Zcash core development team ShieldedLabs has proposed a dynamic fee market proposal aimed at addressing network congestion and rising transaction costs. The proposal suggests dynamic pricing based on the median fee of the previous 50 blocks and introduces a priority channel. The implementation will be phased to avoid complexity while maintaining privacy features.

According to Gate News Bot on December 9, citing CoinMarketCap data, as of press time, RDNT (Radiant Capital) is trading at $0.01, up 23.57% in the past 24 hours, reaching a high of $0.01 and a low of $0.01, with a 24-hour trading volume of $92 million. The current market capitalization is about $17 million, an increase of $3.24 million compared to yesterday. Radiant Capital is a cross-chain decentralized lending protocol that provides users with a secure, user-friendly, and capital-efficient lending experience by aggregating fragmented liquidity across the Web3 ecosystem. Users can lock RDNT tokens to receive yield sharing and enhanced mining rewards, while also participating in fully decentralized community governance. The platform has earned the trust of over 155,000 holders.

PANews, December 9—According to CoinDesk, Shielded Labs has put forward a new proposal to establish a dynamic fee market for Zcash, aiming to address rising transaction costs and network congestion. The proposal suggests abandoning Zcash’s longstanding static fee model—initially set at 10,000 “zatoshi,” later reduced to 1,000. While this model worked under low demand, it eventually led to a “sandblasting” spam transaction wave, resulting in wallet congestion and on-chain transaction blockage. Previously, the ZIP-317 proposal adopted an operation-based accounting method, which solved the abuse problem, but fees remained predictable and low, unable to adjust based on usage. The latest proposal introduces a simple, stateless dynamic fee design built around “comparables,” observing the past 50 blocks

Paradigm's head of data accused Polymarket of double-counting trading volume, sparking community backlash. Some questioned Paradigm's motives, noting that it is an investor in Kalshi and has an obvious competitive stance. Responses from the Bankr co-founder and Dragonfly's head of data pointed out that the issue stems from data collection methods, and that there is no substantial error in Polymarket's data.

According to Gate News Bot on December 9, citing CoinMarketCap data, as of press time, PHA (Phala Network) is trading at $0.05, up 11.21% in the past 24 hours, with a high of $0.05 and a low of $0.04. The 24-hour trading volume reached $36 million. The current market capitalization is approximately $38.1 million, an increase of $3.84 million compared to yesterday. Phala Network is a hardware-secure privacy computing platform focused on building a trusted privacy AI cloud infrastructure. The platform provides confidential computing services protected by TEE (Trusted Execution Environment), including confidential virtual machines, confidential AI models, and GPU TEE products, supporting high-performance AI inference while protecting data privacy. Phala has been used by more than 5,000 users

Over the past year, the U.S. Treasury issued a record $25.4 trillion in T-Bills, bringing the total issuance to $36.6 trillion, with T-Bills accounting for 69.4%. The government is financing long-term debt through short-term debt, causing interest expenses to move in sync with the Federal Reserve's policy rate, which could exacerbate the U.S. debt crisis.

Circle has obtained a Financial Services Permission from the Financial Services Regulatory Authority of Abu Dhabi Global Market, allowing it to operate in the Abu Dhabi International Financial Center. At the same time, Circle has appointed Dr. Saeeda Jaffar as Managing Director for the Middle East and Africa, aiming to drive regional strategies and partnerships for digital dollars and on-chain payments.

On Monday, MicroBT officially launched its new generation of WhatsMiner mining machines—the M70 series—in Abu Dhabi. Despite Bitcoin mining revenues currently being at multi-year lows, the company has chosen to introduce a product line with higher energy efficiency. The M70 series covers three efficiency tiers: 12.5 J/TH, 13.5 J/TH, and 14.5 J/TH, offering both air-cooled and water-cooled models. The single-unit hashrate ranges from the entry-level M70 at around 214 TH/s to the rack-mounted M79S at over 1 PH/s, targeting ultra-large-scale mining farms and advanced energy solutions. This launch comes at a time when mining economics are extremely tight. According to market data, Bitcoin hashprice has dropped to about $35 per PH/s/day, nearing historic lows; meanwhile, network hashrate remains above 1 ZH/s, increasing revenue pressure on miners. Record-high mining difficulty combined with price corrections has significantly slowed miner demand, and ASIC manufacturers are generally facing challenges such as extended inventory and order cycles.

According to Gate News Bot on December 9, based on CoinMarketCap data, as of press time, WIN (WINkLink) is currently priced at $0.0000474155, up 19.00% in the past 24 hours, with a high of $0.000058206 and a low of $0.0000283209. The current market cap is approximately $47.11 million, an increase of $7.52 million compared to yesterday. WINkLink is the first comprehensive oracle service platform in the TRON ecosystem. It connects blockchain with real-world data through smart contracts, ensuring data reliability. The platform mainly provides core functions such as price services, VRF random number generation, AnyAPI custom data interfaces, and automated execution. WINkLink provides DeFi platforms with stable and reliable price data sources, supporting developers to access the ecosystem.

According to Gate News Bot, on December 9, as reported by CoinMarketCap, as of press time, STABLE (Stable) is currently priced at $0.02, down 56.00% in 24 hours, with a 24-hour high of $0.05 and a low of $0.02. The 24-hour trading volume reached $221 million, and the current market capitalization is approximately $285 million. Recent important news about STABLE: 1️⃣ **Mainnet Launch and Rapid Ecosystem Deployment Drive Key Breakthroughs** The Stable mainnet officially launched on December 8 at 21:00 Beijing time, marking the transition of this Layer 1 blockchain, built for stablecoin payments, from the testing phase to full operation. The STABLE token is now open for claiming, providing users with the basic conditions to participate in the ecosystem. At the same time, the Gate Web3 Wallet web version has fully integrated the Stable mainnet, allowing users to switch networks, manage ecosystem assets, and interact with DApps with one click on the web. Caldera has also integrated Stable into its Metalayer technology, enabling users to access Stable services instantly from more than 100 blockchains, forming a multi-chain ecosystem framework with cross-chain integration.

The price of Bitcoin hovered around $90,400 on Tuesday, with the market gradually stabilizing after experiencing its weakest November performance since 2018. Market data shows that over the past 24 hours, Bitcoin edged up 1%, Ethereum rose 0.2%, and other major altcoins saw mixed movements. BNB increased by nearly 1%, XRP dipped slightly, and Solana fell by about 0.6%. Although liquidity remains weak ahead of the Federal Reserve's decision, the overall rebound momentum continues. The latest market time zone data has attracted attention. A Presto Research report points out that the European trading session has been the main driver behind this month's 20% to 25% drop in Bitcoin and Ethereum, with negative returns significantly higher than in other regions. The Asian and US markets have remained largely flat, indicating that during the crypto market's deleveraging process, capital behavior varies noticeably across different regions.

According to Gate News Bot on December 9, citing CoinMarketCap data, as of press time, WLD (Worldcoin) is trading at $0.60, up 4.48% in 24 hours, with a high of $0.66 and a low of $0.56. The 24-hour trading volume reached $114 million. The current market cap is approximately $1.444 billion, an increase of $62 million from yesterday. Worldcoin is committed to providing real identity verification, inclusive finance, and connectivity for everyone globally. Its core products include World ID—an anonymous human verification system designed for the AI era, which can be used in scenarios where distinguishing humans from bots is necessary, such as financial services, concert ticket sales, dating apps, and video games. World App provides easy access to the Worldcoin ecosystem.

The Japan Financial Services Agency has revised its Q&A, stating that derivatives such as CFDs based on overseas crypto asset ETFs are not ideal domestically and offer insufficient investor protection. IG Securities has already halted CFD trading based on US spot Bitcoin ETFs, indicating that regulatory restrictions are unlikely to be relaxed in the short term.

Jinse Finance reported that Reserve Bank of Australia (RBA) Governor Michele Bullock emphasized at a press conference that inflation risks are tilted to the upside, and pointed out that inflation and employment data will be crucial for the February meeting next year. Regarding the current meeting, Bullock stated that the possibility of a rate hike was not explicitly considered, nor was a rate cut option, but there was discussion about situations where policy tightening might be needed. However, Bullock said that if inflation remains persistently high, the RBA may need to consider raising interest rates. As for the future path of interest rates, Bullock expressed a data-driven, meeting-by-meeting approach to decision-making. Bullock said, "We will not pre-judge the timetable for future actions, and will make decisions on a meeting-by-meeting basis." (Jin10)

Odaily Planet Daily news: The number of active validators on the Solana network has significantly decreased over the past three years: from more than 2,500 active nodes in March 2023 to around 800 currently, a drop of over 68%. Validators are responsible for running nodes, participating in block signing, and maintaining network security. The number of validators is often regarded as an important indicator of the degree of decentralization. In response to this significant contraction, ecosystem participants have offered different interpretations. Some community members believe that this round of decline is mainly due to the exit of “sybil nodes,” stating that “having 800 reliable validators is healthier than having 3,000 sybils,” and pointing out that reducing nodes that make no real contribution actually helps improve network quality. However, some infrastructure teams hold different views. Developers from Layer 33 said they know many teams that have recently shut down nodes, which

PANews, December 9—Matrixport analyzed in today’s chart that the current participation of retail investors in the crypto market remains low. Taking the historically retail-heavy Korean market as an example, today’s trading volume is significantly lower compared to the peak periods in December 2023 and 2024: back then, daily trading volume could reach several billion US dollars, while now it barely hovers around $1 billion, reflecting that short-term retail funds have yet to flow back in significantly. In such a market environment, some newly launched or expanding exchanges continue to find it difficult to see sustained growth in trading volume. Some previously highly anticipated IPO plans have also noticeably slowed their pace. Without a broader return of retail investors, even if the Federal Reserve chooses to cut interest rates in the future, easing monetary policy alone is unlikely to trigger a truly sustainable rally. To put it more bluntly, without trading volume, it’s hard for market sentiment to build; without sentiment,

ChainCatcher news, Bitcoin-based stablecoin protocol BSD has officially launched the Dual Stacking feature. Users who lock sBTC collateral in the BSD Vault can now simultaneously earn a 5% sBTC annualized yield. This means the same collateral can serve two roles at once: securing the user's credit line and earning Bitcoin yield. The Vault will begin generating yield in the next Stacking cycle (around December 3), with the first batch of yield expected to be distributed around December 17. According to BSD officials, the protocol's minimum annualized borrowing rate is currently 0%. The borrowing cost for some Vaults is about 0.1%, and after earning a 5% yield on collateral, users' net borrowing cost can drop to -4.9%, meaning users are effectively paid to borrow.

Since the launch of the Bitcoin network in 2009, the number of independent addresses holding more than 0.1 Bitcoin has generally increased, but over the past 24 months, it has continued to decline, dropping from 4,548,107 to 4,443,541. The decline began at the start of 2024 and has now reached a two-year low.

BlockBeats news, on December 9, according to Polymarket Money, a trader named pony-pony on Polymarket has maintained a 100% win rate and full profitability on bets related to OpenAI news events. So far, they have accumulated approximately $77,000 in profits.

Odaily Planet Daily reports that UXLINK CEO RollandSaf has released a security incident review report, providing a comprehensive explanation of the asset theft incident that occurred on September 22 and emphasizing that the incident was not caused by internal project team members. According to the report, the attacker posed as a business partner and used deepfake video conferences, among other methods, to compromise the personal devices of several SAFE key holders over the course of several months, stealing sensitive information such as passwords and private keys. Ultimately, the attacker gained control of the old arb-UXLINK smart contract. The hacker then illegally minted new tokens, transferred, and sold assets, with total losses exceeding $11 million. The incident occurred during Korea Blockchain Week, with several core members on-site. The team promptly reported the incident to exchanges, partner security agencies, and law enforcement agencies in multiple countries, confirming that the attack originated externally rather than internally. RollandS

Overseas investors are pouring into the Japanese government bond market, accounting for 65% of trading volume and driving up yields and volatility. Although domestic institutions still hold the majority of government bonds, the high liquidity from foreign capital may introduce systemic risks that could impact global interest rates. The market will be closely watching the dynamics between the Federal Reserve and the Japanese bond market.

Gensyn launches Delphi, an open marketplace for machine intelligence, now live on its testnet. Delphi utilizes a decentralized on-chain symmetric log market scoring rule to provide continuous liquidity and supports users in observing and investing in machine learning models in real time. All processes are dynamically completed on-chain.

BlockBeats news, on December 9, Santiment tweeted, "As Bitcoin's market capitalization hovers around $90,000, the leading cryptocurrency continues to show an outflow trend from CEXs. Over the past year, a total of 403,200 Bitcoins have flowed out of CEXs, resulting in a net supply decrease of 2.09%. Overall, this is a long-term bullish signal. The lower the amount of Bitcoin held on exchanges, the less likely major sell-offs causing price declines have historically been."

Singapore stablecoin payment service provider MetaComp has completed a $22 million Pre-A round of financing, which will be used to expand the StableX Network and provide real-time cross-border settlement services for enterprises. The company plans to deepen its business presence in Southeast Asia, South Asia, and the Middle East.

A widow in San Jose, Margaret Locke, fell victim to a cryptocurrency scam online, losing nearly a million dollars. The scam not only drained her retirement savings but also put her at risk of losing her home. She only realized she had been deceived after consulting ChatGPT for investment advice.

The market generally expects Powell to be replaced by Trump advisor Hassett, but traders have low expectations for future Fed monetary policy easing, projecting only 75 basis points of rate cuts by the end of the year. This is mainly because the inflation rate is expected to remain around 3%, with the real interest rate close to zero.

According to SoSoValue data reported by Jinse Finance, the US spot Solana ETF saw a total net outflow of $1.18 million yesterday, while the US spot XRP ETF recorded a total net inflow of $38.04 million yesterday.

A San Jose woman, Margaret Loke, uncovered a cryptocurrency "pig-butchering" scam with the help of ChatGPT after losing nearly a million dollars. Last year, Loke met a man calling himself "Ed" on Facebook and developed a romantic relationship with him over WhatsApp. Ed then guided her to transfer funds into a fake crypto account under his control. The initial amount was $15,000; afterward, Loke withdrew over $490,000 from her personal retirement account and applied for a $300,000 second mortgage, resulting in a total loss of nearly $1 million. When her account was frozen and the other party demanded another $1 million to unfreeze it, Loke sought help from ChatGPT. The AI warned her that this was a typical scam and advised her to call the police. An investigation later confirmed that Loke had been wiring money to Malaysian banks, where the funds were withdrawn by the scam ring.

According to Gate News Bot on December 9, citing CoinMarketCap data, as of press time, MAGIC (TreasureDAO) is trading at $0.11, up 13.21% in 24 hours, with a high of $0.13 and a low of $0.09. The current market capitalization is approximately $34.6 million, an increase of $4.04 million compared to yesterday. MAGIC is the native token of the TreasureDAO ecosystem. TreasureDAO is the largest decentralized NFT ecosystem on the Arbitrum Layer 2 network.

Anonymous phone service provider Phreeli has launched in the US, allowing users to register with just a zip code and no personal information required. A Zcash co-founder serves as an advisor, and the service uses the Double-Blind Armadillo zero-knowledge proof system to protect user privacy. Phreeli aims to address the data collection issues of mainstream carriers and has secured $5 million in funding.

The U.S. Department of Justice announced that 22-year-old California man Evan Tangeman has pleaded guilty to laundering money for a crypto scam ring, involving a sum of $263 million. He laundered over $3.5 million for the group, which stole approximately 4,100 bitcoins and involved numerous hackers and criminals.

Singapore stablecoin payment service provider MetaComp has completed a $22 million Pre-A round of financing, with participation from multiple institutions. The funds will drive the expansion of its StableX Network, supporting real-time cross-border settlement and compliance monitoring. MetaComp's business covers more than 30 markets and is expected to expand into regions such as Southeast Asia over the next three years.

Jonathan Gould, the head of the U.S. Office of the Comptroller of the Currency (OCC), stated that crypto companies applying for federal banking licenses should be treated the same as traditional banks, emphasizing that digital assets are not a new concept. The OCC has received 14 new bank applications, indicating a significant increase in demand for digital asset businesses. He believes that embracing crypto companies will help the financial system keep pace with the modern economy.