A whale deposited $6 million USDC on HyperLiquid on Dec. 8 and opened multiple leveraged long positions, Onchain Lens reports. The trader opened a 20x leveraged long position in ETH and a 10x leveraged long position in SUI. On Dec. 7, the same address had opened a 10x leveraged long position in FARTCOIN.

Twenty One Capital, a Bitcoin investment firm backed by Cantor Fitzgerald and Jack Mallers, transferred 43,122 BTC valued at $3.94 billion to a new wallet on December 8, Lookonchain data show. The on-chain transaction moved the entire Bitcoin holdings to a fresh address. No additional details regarding the purpose of the transfer were disclosed.

Several whale addresses increased Ethereum long positions on December 8 as BTC climbed above $91,000 and ETH broke through $3,100, HyperInsight and on-chain data show. The address "1011 Insider Whale" added to 5x leveraged ETH longs, bringing total holdings to 54,277 ETH with $4.02 million in unrealized profit, while Pension-usdt.eth switched from the top BTC short on Hyperliquid to a 2x long position of 20,000 ETH at an average entry of $3,087. Separately, Ethena Labs withdrew 25 million ENA tokens (approximately $7.05 million) from Bybit, increasing wallet holdings to 779.89 million ENA valued at roughly $207.7 million.

French President Emmanuel Macron warned that loosening regulatory oversight in the U.S. cryptocurrency sector may lead to financial instability, u.today reported on Dec. 8. Macron said excessive freedom for cryptocurrencies in the United States could generate global spillover risks, as stablecoins typically rely on U.S. dollar-backed assets. He called on the European Central Bank to reform its monetary policy framework to address emerging financial risks associated with digital assets.

A whale address sold 2,136 ETH at an average price of $3,066.4 over the past two hours, generating an $83,000 profit on the transaction valued at approximately $6.55 million, on-chain analyst Ai Yi reports. The address previously accumulated Ethereum at $3,027. The whale and associated addresses currently hold 7,290 ETH worth $22.61 million.

Investors maintain bearish positions on the Japanese yen despite Bank of Japan Governor Kazuo Ueda's hints at potential rate increases, traders at Bank of America, Nomura Holdings, and RBC Capital Markets said on Dec. 8. Citigroup's "pain index" for the yen remains deeply negative, reflecting persistent market pessimism. Market participants continue shorting the yen due to expectations that Japanese yields will stay significantly below U.S. rates, even as reports indicate the BOJ is prepared to raise rates in December if conditions remain stable. Ivan Stamenovic, head of Asia-Pacific G-10 FX trading at Bank of America, said positions favor further USD/JPY gains through year-end unless the BOJ delivers a genuine surprise, noting that Ueda's hawkish remarks sparked discussions but failed to shift underlying sentiment.

The U.S. Securities and Exchange Commission's cryptocurrency task force will hold a public roundtable on financial regulation and privacy on Dec. 15 at SEC headquarters, the agency announced. The event will be available via webcast.

The Federal Reserve's policy meeting this week may prioritize liquidity injections through balance sheet operations over an anticipated rate cut, market analysts said. Bank of America's global interest rate strategy team expects the Fed to announce purchases of Treasury bills with maturities of one year or less at a pace of $45 billion per month starting in January, described as "reserve management operations." Vanguard's Roger Hallam projects a slower start of $15 billion to $20 billion monthly in late Q1 or early Q2 2025. PineBridge anticipates a 25 basis point rate cut on December 10, bringing the policy rate to a 3.5%-3.75% range, closer to the historical neutral rate of approximately 3%, Jinshi reports.

Jeffery Huang partially closed approximately $4.81 million in ETH long positions over a three-hour period on December 8, reducing his liquidation threshold after Ethereum briefly dropped to $3,011, HyperInsight data show. His current ETH long position stands at roughly $11 million with an unrealized profit of $310,000 (71% return), averaging an entry price of $3,028 and a liquidation price of $3,010. The address had previously deposited $1 million on the 24th to open an ETH long position, which suffered partial liquidation yesterday, resulting in a loss of about $730,000 and account balance declining from nearly $3 million to $220,000. He subsequently opened a new 25x leveraged ETH long position and scaled up, bringing current account funds to approximately $570,000.