News/Daily Market Wrap | Dec. 08 Daily Market Wrap | Dec. 08
Dec 08,2025,19:41

Hot Topics
- Bitcoin steady above $91K ahead of Fed's rates cut, but rising Treasury yields warn of hawkish Powell stance impacting risk assets.
- French banking giant BPCE launches crypto trading for 2M retail clients via its apps, allowing BTC, ETH, SOL, and USDC trades through Hexarq-managed accounts, expanding to 12M by 2026.
- The euro stablecoin market cap doubled in the year after MiCA's June 2024 rollout, reversing a prior 48% decline
Market Updates
- Farcaster pivots to a wallet-first strategy, emphasizing in-app trading features for user growth after 4.5 years of unsuccessful social-focused efforts, while maintaining its decentralized protocol for third-party apps.
- Authorities across Europe dismantled a crypto fraud network that stole and laundered over $815 million through fake investment platforms, deepfake ads, call-center operations, and multi-blockchain laundering, resulting in arrests, asset seizures, and the takedown of scam infrastructure.
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