From December 5th to 7th, Miami will host the Art Basel Miami Beach event, with 283 galleries participating and an expected attendance of over 80,000 visitors. The Web3 project MiniDoge will be exhibiting, showcasing the integration of NFT art and on-chain creation, aiming to bridge traditional art with the Web3 world.

FIL is currently continuing to decline, with technical indicators showing that bears are in control. In the short term, $1.465 has become a key support level; if it is breached, the price may fall to $1.367. There are no signs of a bullish reversal yet, and the bears remain in control.

Recently, the price of the LUNC token in the Terra ecosystem has surged by over 74%, with a weekly increase of more than 160%. This round of gains is related to the upcoming sentencing of founder Do Kwon and the accelerated token burn mechanism. Additionally, the suspension of withdrawals by a leading exchange has further fueled market sentiment.

Recently, the Bitcoin market has been extremely active, with two major investors engaging in an intense showdown near $89,000. One side bought 307 bitcoins for $27.5 million, taking on up to 20x leverage; the other side shorted 223.4 bitcoins with $20 million, facing even higher risk with 40x leverage. Market volatility has intensified, and both parties are under significant liquidation pressure.

[Crypto World] In the past 24 hours, Upbit has performed quite impressively—with trading volume surging to $1.255 billion, up 9.52% from the previous day.
Looking at CoinGecko’s data, the trading distribution of popular coins is quite interesting:
XRP leads by a narrow margin, accounting for 13.42% of trading volume with a turnover of about $169 million; Bitcoin follows closely at 13.41% with about $168 million—just a few hundred thousand dollars difference between the two. Ethereum ranks third, making up 12.18% with approximately $153 million traded. USDT and SOL take the fourth and fifth spots with 6.13% and 4.34% respectively, and their trading volumes are around $76.94 million and $54.54 million.
The top three coins each hold over 12% share, indicating that mainstream coins are still the main battleground for capital. The close competition between XRP and BTC could be related to recent market sentiment and fund flows.

According to data from mining company Bitdeer, as of December 5, its self-owned Bitcoin holdings had dropped to 1,992.6 BTC. This week, it mined 131.5 BTC but sold 130, resulting in a net decrease of 148.5 BTC in its holdings. Such fluctuations are common among mining companies and may reflect mining cost pressures or judgments about short-term Bitcoin price trends.

A recent large ETH transfer has attracted attention: a new wallet address received 22,676 ETH (approximately $68.86 million) from BitGo. According to on-chain analysis, this may be related to Bitmine and is typically indicative of institutional portfolio rebalancing. The subsequent movement of these funds will reveal more market signals.

A mysterious whale has bottom-fished $13.89 million worth of crypto assets on a major exchange, bringing their total holdings to $74.83 million. LINK and ETH make up the largest portions of these holdings. This accumulation move may be seen by the market as a bellwether.

[Crypto World] Looking at SOL’s recent 4-hour trend, the price actually pulled back a bit around 8:00 am on December 4, but compared to 4:00 pm on the 5th, it had another rally and finally closed with a bullish candlestick, forming a bullish engulfing pattern.
Technical analysis: The MACD histogram has been staying in the negative region, but the good news is that it’s gradually narrowing, which indicates that the bearish momentum is weakening. KDJ is only at 8 now, which is clearly oversold—this kind of level often hides rebound opportunities. However, the MA10 and MA30 are still in a dead cross, so the overall trend remains weak. Most notably, trading volume has been shrinking over the past few hours, and both price and volume are declining together, showing a rather subdued market sentiment.
If you want to trade, my personal view is:
For longs, consider building positions in batches in the 123.86–133.0 range, with a stop loss below 123.24; target around 144.67, or if you want to be more aggressive, you could aim for 145–146.

WET will reopen for public sale on December 8, with the team partnering with HumidiFi to strengthen anti-bot mechanisms. Since all previous tokens were locked in the presale vault, re-minting is required to support the sale. This relaunch focuses on enhanced security measures.