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Although the market generally believes that Trump's tariff remarks have disturbed sentiment in the crypto market, the sudden plunge in altcoins was far greater than expected. What exactly triggered this unexpected collective drop in altcoins?

Analysts say XRP’s downturn reflects profit-taking and fading bullish momentum, though potential ETF approvals could restore investor confidence.

Over 1.63 million people were liquidated in the market, and market sentiment shifted overnight from greed to fear.



Tariffs have reignited the US-China trade war, causing trillions in stock market value to evaporate and shaking global markets.



Some stayed up all night, some saw their portfolio go to zero overnight; once again, the crypto world staged a "doomsday reboot" amidst the storm.

- 08:12Circle obtains Financial Services Permission from Abu Dhabi Global MarketForesight News reported that Circle Internet Group (stock code CRCL) has obtained a Financial Services Permission (FSP) from the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM), allowing it to operate as a money services provider in this international financial center. At the same time, Circle has appointed Dr. Saeeda Jaffar as Managing Director for the Middle East and Africa region. Previously, Dr. Jaffar served as Senior Vice President and Group Country Manager for the Gulf Cooperation Council at Visa. She will be responsible for leading Circle's regional strategy, deepening partnerships with financial institutions and enterprises, and accelerating the adoption of trusted digital dollars and on-chain payment solutions in the UAE and the broader Middle East and Africa markets.
- 08:12Zcash development team releases dynamic fee proposal to address rising costs during periods of high network activityForesight News reported that the Zcash development team has released a dynamic fee proposal aimed at addressing the issue of rising fees caused by fixed rates during periods of high network activity. The proposed mechanism will use the median fee from the past 50 blocks as the base rate, with fee levels graded by powers of 10. Additionally, a 10x fee priority channel will be activated during congestion to prevent users from being priced out of the network due to high fees. The plan will be rolled out in phases and may ultimately be implemented through a simple consensus change, without the need for a complex design like Ethereum's EIP-1559.
- 08:12Bitget 2025 Peak League is now open for team registrationForesight News: Bitget 2025 Peak League is now open for team registration, with a total prize pool of 288,888 USDT. The event consists of four sub-pools: the 100% Winning Pool, Team Championship, Elite Championship, and Easter Egg Task Pool. Users can create or join existing teams to participate in all activities. By simply completing registration and specific contract trading volume tasks, users can unlock USDT airdrops and physical prizes. The physical prize pool includes rewards such as Moutai. Detailed rules have been published on the official Bitget platform. Users must click the "Join Now" button to complete registration in order to participate. Registration and team formation are open from December 9, 12:00 (UTC+8) to December 25, 23:59 (UTC+8), and the competition will take place from December 11, 12:00 (UTC+8) to December 25, 23:59 (UTC+8).