Key Market Intelligence on December 9th, how much did you miss out on?

By: blockbeats|2024/12/09 19:15:01
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Featured News

1.Binance Launchpool to Receive 5% Token Allocation 6 Months After MOVE Launch

2.USUAL Pre-market Price Surges Above $0.6, 24-hour Gain Reaches 23.5%

3.Baby Doge's MEME Coin Launch Platform puppy.fun to Go Live This Week

4.10x Research: South Korea's Crypto Trading Volume Drops from Peak $25 Billion to $6.6 Billion, Bitcoin's Key Support at $95,000

5.Last Week Sees $3.85 Billion Net Inflows into Digital Asset Investment Products, Setting New Record High

Trending Topics

Source: Overheard on CT (tg: @overheardonct), Kaito

[DOG] DOG Becomes a Hot Topic on Twitter, with the cryptocurrency nearing a $1 Billion market cap without being listed on any major exchange. The community is actively discussing this meme coin, celebrating its all-time high and discussing its future growth potential. Key points of discussion include whether DOGDOG is likely to surpass a $1 Billion market cap, achieving organic growth without support from large exchanges, and its strong community backing. The promise of airdrops and the expectation that DOGDOG could lead the meme coin market on Bitcoin have further fueled enthusiasm. Reference sources: ref0 ref1 ref2 ref3 ref4 ref5 ref6 ref7

[FARTCOIN] FARTCOIN Garners Wide Attention on Twitter, with discussions centering around its rapid market cap growth and unique position as a meme coin. Many tweets express surprise and amusement at its popularity, with some users noting that, given its absurd meme appeal, the coin still has further growth potential. The coin is being compared to other meme coins and is seen as a symbol of the current speculative bubble in the crypto market. Despite skepticism from the Traditional Finance (TradFi) circle, FARTCOIN's community enthusiasm is high, with some users predicting its market cap will exceed $1 Billion. Reference sources: ref0 ref1 ref2 ref3 ref4 ref5 ref6 ref7 ref8 ref9

[CULT] The CULT, launched by Milady Maker, has garnered significant attention on Twitter due to its recent Token Generation Event (TGE) and subsequent trading activity. The token, associated with the Milady NFT community, saw a rapid increase in market value after issuance, quickly surpassing a $6 billion market capitalization shortly after listing. Discussions have focused on the token's exchange listings, institutional strategic acquisitions, and the cultural impact of Milady NFT. Some users were unable to successfully claim the token due to technical issues or complex claiming requirements, while others celebrated significant profits from early trades. The buzz around CULTMILADYCULT has further intensified due to its comparison with other meme coins and broader NFT market dynamics. Reference sources: ref0 ref1 ref2 ref3 ref4 ref5 ref6 ref7 ref8 ref9

Threads & Tweets

1. Why DeFi is Important. @iamDCinvestor

Key Market Intelligence on December 9th, how much did you miss out on?

2. Why Web3 VC is a Sure Bet. @stacy_muur

Featured Articles

1. "Let Institutions Pump Your Sh*tcoin Bags: Grayscale Fund and Coin50 Index to Watch in This Bull Market Cycle"

Raymond, BlockBeats

As almost everyone was FUDding over the absence of an altseason, the market finally emerged from nearly six months of the "garbage time," and the altseason arrived as scheduled. According to data, among the 388 tradable crypto assets on Binance, 299 have seen over a 50% price increase in the past 30 days, with 98 exceeding 100%, and only 10 showing no price increase. However, in the "money picking time" universal surge pattern, how to select tokens with top-tier price gains and maximize capital utilization has become a skill. Which altcoins should you buy to outperform the market average? Instead of blindly following KOLs' calls, let Grayscale and Coinbase "work" for you.

2. "Two days later, Microsoft, holding $78.4 billion, will decide whether to invest in BTC"

Azuma, Odaily

On December 10th, 8:30 AM PST (December 11th, 0:30 AM Beijing time), Microsoft will advance a major shareholder proposal regarding Bitcoin—specifically evaluating through a shareholder vote whether adding Bitcoin to the balance sheet aligns with the long-term interests of shareholders. With BTC hovering around $100,000, this vote is widely seen by the market as another key event this week impacting the cryptocurrency market trend, in addition to the CPI and the situation in South Korea.

Max Gain & Loss

Token price movement on December 9th, sorted and ranked by trading volume

Top Gainer

1. $SUSHI

2. $TURBO

3. $BABYDOGE

Top Loser

1. $DEAI

2. $URO

3. $SYN

On-chain Data

Weekly on-chain fund flow on December 9th

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.


Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.


Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps


Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.


The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position


The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.


Social-Native Trading: Strategy and Execution Completed in the Same Context


Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying


On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.


By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.


Referral Mechanism: Non-institutional users can receive up to 60% fee split


Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings


This model aims to drive user-driven network expansion and organic growth.


Self-Custody Architecture and Built-in Privacy Mechanism


Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:


· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure


The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.


A New Path for On-Chain Derivatives


Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.


The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.


Regulatory Background


Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.


This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."


The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.


About Mixin


Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.


Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication


Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.


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