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The well-known decentralized application data platform DappRadar has announced the cessation of operations due to financial unsustainability and issues with its business model. The price of its token, RADAR, has plummeted, and the decline in the GameFi and NFT industries has led to a sharp decrease in revenue. Summary generated by Mars AI This summary was generated by the Mars AI model; the accuracy and completeness of its content are still being iteratively improved.
Quick Take Bitwise’s spot XRP ETF will start trading on Thursday under ticker XRP. There have been a rush of new altcoin ETFs in the U.S. market since the SEC updated its guidance clarifying procedures for firms seeking to roll out crypto ETFs.
Quick Take William Lonergan Hill was sentenced on Wednesday in the U.S. District Court for the Southern District of New York about two weeks after the sentencing of his former colleague Keonne Rodriguez. The pair pleaded guilty in July after initially denying the charges last year.
Quick Take World Liberty said it froze some user accounts in September following third-party security lapses and is beginning to reallocate funds to secure wallets. Earlier this week, Sens. Elizabeth Warren and Jack Reed reportedly asked the Justice and Treasury Departments to investigate alleged WLF token sales to sanctioned entities, citing Accountable.US research.
Bitcoin has slipped below key cost-basis models as spot demand and ETF flows weaken. Derivatives mirror this softness, with falling open interest, cycle-low funding, and options repricing sharply for downside. Rising IV and heavy put demand show the market rotating into protection.
- 09:24Data: Two wallets actively accumulated PIPPIN tokens, purchasing a total of $1.5 million worth of PIPPIN before and after the price surge.According to ChainCatcher, as monitored by Onchain School, PIPPIN has surged over 80% in the past 24 hours. Two wallets have been actively accumulating before and after the price increase, purchasing a total of $1.5 million worth of PIPPIN tokens. Among them: the HWBDGG wallet currently holds PIPPIN tokens valued at $4.47 million, and DywiW8 currently holds PIPPIN tokens valued at $636,000.
- 09:20Analyst: Market sentiment is quietly reaching a turning point, BWTS pattern indicates rebound conditions are in placeOn December 6, on-chain analyst Murphy stated that the short-term Behavior-Weighted Trend Signal (BWTS) can be used to identify genuine long-term holder selling pressure and trend-driven capitulation behavior. This indicator not only considers whether investors are selling BTC at a loss, but also measures the forced selling of coins that have been "held for a period of time." Historical data shows that whenever the BWTS (red line) and BTC price (black line) diverge, it signals the gradual clearing of panic selling, often leading to a rebound or reversal in the market. After the Luna crash in May 2022, the BWTS, which had already returned to the zero axis, deviated sharply again, breaking the previous divergence pattern. The rebound ultimately did not turn into a reversal, but instead led to a deeper bear market. Currently, the BWTS pattern is similar to before, which can be interpreted as having the conditions for a rebound, or in other words, as long as the divergence is not broken, the rebound may not be over yet.
- 09:20Bitdeer reduced its holdings by 148.5 BTC this week, bringing its total holdings down to 1,992.6 BTCJinse Finance reported that bitcoin mining company Bitdeer posted on X that as of December 5, its bitcoin holdings had dropped to 1,992.6 BTC (pure holdings, excluding customer deposits). In addition, this week’s bitcoin mining output was 131.5 BTC, but 130 BTC were sold during the same period, resulting in a net decrease of 148.5 BTC.