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December 8, 2025 07:07:31 UTC

Bitcoin Price Eyes Major Upside on Weekly Chart

Bitcoin is testing support at the lower trendline on the weekly chart, signaling potential strength in the long-term uptrend. Key targets lie ahead: $102,000 at the Golden Ratio, $122,000 as the 2x target, and $155,000 at the 2.618 Golden Ratio level. This multi-year channel suggests that if support holds, BTC could continue climbing toward these higher levels, keeping bullish momentum intact for investors watching the weekly trend.

December 8, 2025 06:43:39 UTC

Why Bitcoin Price Is Up Today ?

Bitcoin Price climbed today, trading around $91,271, as rising odds of a rate cut by Federal Reserve fuel optimism. With futures showing an ~85% chance of a quarter-point cut at the December 9 meeting, investors are shifting toward risk assets. Lower rates typically make cryptocurrencies more attractive compared to bonds and weaken the U.S. dollar both supportive for Bitcoin. As a result, BTC has rallied as investors position ahead of possible easier monetary policy.

December 8, 2025 06:14:03 UTC

Bitcoin Price Faces a Crucial Make-or-Break Moment

Seven weeks after warning about the Gaussian Channel, Bitcoin is now trading deep inside it. This zone has historically marked the shift between a strong bull phase and early weakness. If BTC slips out of the channel entirely, it could open the door to further downside. Still, a short-term relief bounce is possible before any major move plays out, keeping markets on edge for now.

December 8, 2025 06:12:09 UTC

Bitcoin Price Tests $90K as Short-Term Pressure Builds

Bitcoin has pulled back to the $90,000 level, which is acting as short-term support for now. If BTC holds above this zone, a move toward $92,000 is likely in the near term. However, a break below $90,000 would weaken the setup and could push price back toward $88,000. With higher timeframes still unclear, Bitcoin remains sensitive to short-term moves, keeping traders cautious on direction.

December 8, 2025 06:07:36 UTC

Bitcoin Price Today Stuck Between Key Levels After Bounce

Bitcoin rebounded after dipping below recent lows, but price action remains trapped in a tight range. Buying interest has pushed BTC higher, though strong orders still sit on both sides. On the upside, the $93,662 level stands out as the next possible pull zone if momentum builds further. However, if strength fades, attention shifts back to $86,478, where heavy interest is concentrated and could attract price again.

Binance exchange has received full authorization from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). With this approval, Binance becomes the first global crypto exchange to place its trading, liquidity, clearing, and custody operations under a single, end-to-end regulatory framework.

The license allows Binance to operate within ADGM’s well-established regulatory system, known for strict oversight, clear rules, and strong investor protection. This approval signals a move toward closer alignment between large crypto exchanges and traditional financial market standards.

Binance CEO called the approval a major milestone for both the company and the broader crypto industry.

How Binance Will Operate Under ADGM Rules

Binance will operate through three separately licensed entities, each handling a specific function.

• Nest Services Limited, which will be renamed Nest Exchange Limited, has been approved as a Recognised Investment Exchange and will manage on-exchange activities such as spot and derivatives trading.
• Nest Clearing and Custody Limited has been authorized as a Recognized Clearing House. It will be responsible for clearing, settlement, and custody of digital assets, ensuring secure asset handling and operational stability.
• BCI Limited, soon to be renamed Nest Trading Limited, has received broker-dealer approval and will handle off-exchange services, including OTC trades, asset conversions, and principal trading.

This setup separates trading, custody, and brokerage functions, helping reduce risk and improve transparency.

Stronger Protection and Global Credibility for Users

Operating under ADGM’s framework places Binance under one of the strictest consumer-protection regimes in the crypto sector. Each step of the trading process, from trade execution to asset storage, will be closely regulated.

The FSRA license also strengthens Binance’s global credibility. It shows the exchange meets international standards for governance, risk management, and operational controls, at a time when regulators worldwide are demanding higher accountability from crypto platforms.

What Happens Next

Binance.com is expected to begin regulated operations under the ADGM framework on January 5, 2026, subject to final operational readiness. Users can expect clearer operational structures, stronger oversight of custody and clearing, and higher resilience under a globally respected regulatory regime.

The exchange recently crossed 300 million registered users worldwide and remains the largest crypto platform by trading volume. Binance leadership has also increased engagement with governments, including recent high-level discussions in Pakistan as the country works toward formal digital-asset regulation.

FAQs

This license places Binance under a strict, end-to-end regulatory framework in Abu Dhabi, offering users stronger investor protection, segregated operations, and enhanced oversight of trading and asset custody.

Binance is the first global exchange to have its core operations—trading, clearing, and custody—fully regulated under a single framework by the ADGM’s FSRA, a major step toward traditional financial standards.

Binance is expected to start regulated operations on January 5, 2026, once all operational checks are complete and systems meet ADGM’s requirements.

ZKsync Lite, the first-ever zero-knowledge (ZK) rollup network to launch on Ethereum, will be deprecated next year, its team says, as it has fulfilled its purpose.

“In 2026, we plan to deprecate ZKsync Lite (aka ZKsync 1.0), the original ZK-rollup we launched on Ethereum,” ZKsync wrote to X on Sunday. “This is a planned, orderly sunset for a system that has served its purpose and does not affect any other ZKsync systems.”

It added that ZKsync Lite “was a groundbreaking proof-of-concept and validated critical ideas related to building production ZK systems.”

Technology company Matter Labs launched ZKsync Lite in 2020, designed for fast transfers and minting non-fungible tokens (NFTs). However, it didn’t support smart contracts, which limited its use.

Bitcoin is currently hovering at a critical technical level that needs to be defended to prevent major losses, according to crypto analyst “Daan Crypto Trades.”

He was referring to the 0.382 Fibonacci retracement zone, which serves as a key area of support and resistance during market cycles.

“I think this is a key area for the bulls to defend,” he said, observing that a break below it could result in a Bitcoin (BTC) fall to April lows around $76,000. 

Late on Sunday, Bitcoin was hit with another short leverage flush, with leveraged positions being liquidated on both sides. The asset fell below $88,000 briefly before quickly bouncing back above $91,500.

“This is another example of manipulation on the low-liquidity weekend to wipe out both leveraged longs and shorts,” commented “Bull Theory.”

Robinhood is acquiring a brokerage firm and a cryptocurrency trading company in Indonesia, marking the U.S. trading platform's foray into Southeast Asia's largest economy.

In a Sunday blog post, Robinhood announced that it has entered into agreements to acquire Indonesian brokerage PT Buana Capital Sekuritas and digital asset trader PT Pedagang Aset Kripto.

The deals are subject to customary closing conditions, including approval from the Indonesian Financial Services Authority. Robinhood expects both deals to close in the first half of 2026.

Robinhood plans to continue serving Buana Capital's existing brokerage customers with local financial products. The company said it hopes to introduce Robinhood's signature brokerage and crypto trading services in Indonesia, including access to U.S. equities and digital assets.

"Indonesia represents a fast-growing market for trading, making it an exciting place to further Robinhood's mission to democratize finance for all," said Patrick Chan, head of Asia at Robinhood. "We look forward to bringing Indonesians the same innovative services that have earned the trust of Robinhood customers globally."

Pieter Tanuri, the majority owner of both Buana Capital and PT Pedagang Aset Kripto, is expected to remain involved as a strategic advisor to Robinhood following the acquisitions.

Robinhood's stock closed down 3.7% at $131.95 on the Nasdaq on Friday, according to The Block's price page. The shares have risen 79.8% over the past six months.

Indonesia's growing market appeal is drawing interest from overseas exchanges. Hong Kong's OSL, for example, announced in June a $15 million acquisition deal for a 90% stake in Evergreen Crest, which runs an Indonesian crypto exchange.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Decentralized social media protocol Farcaster is shifting its focus to expanding its wallet service, moving away from a social-first approach.

In a series of posts published last week on the Farcaster platform, co-founder Dan Romero outlined the company's new direction, saying wallet growth will be key to increasing the protocol's user base. 

"We tried social-first for 4.5 years … It didn't work for us," Romero wrote. "Wallet has been growing so we're doubling down on that direction. That means new features and product positioning will be wallet-focused."

In another post, Romero stated that despite the platform's efforts to achieve sufficient decentralization and rely on product-led protocol development, the team ultimately failed to find a sustainable growth mechanic for its Twitter-like social network service.

However, Romero said the in-app wallet Farcaster launched earlier this year has been growing at a fast pace. "We think it's the closest we've been to product-market fit in five years," Romero noted.

The Farcaster co-founder said users attracted to its wallet feature will ultimately become loyal users of the protocol. Farcaster plans to build out the wallet's social features using its existing social network infrastructure.

The announcement triggered mixed responses within the Farcaster community. Supporters praised the move as a pragmatic step toward scalability. Critics, however, expressed concerns over the cultural shift, and the perceived exclusion from the platform for being non-traders.

Farcaster, which operates on Ethereum Layer 2 networks including Base, has seen steady protocol adoption since its 2020 inception. However, it reported total earnings of $1.84 million in the fourth quarter of 2025, which is an 85% year-over-year decline.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.