["'Calm Order King' Address Short Positions Face $900K Unrealized Loss, Balance Down to $640K"] The address belonging to the "Calm Order King" is experiencing significant unrealized losses on three short positions, with total unrealized losses reaching $900,000. The specific positions include: 40x short on 93.73 BTC, with an unrealized loss of $240,000; 20x short on 44,000 SOL, with an unrealized loss of $200,000; and 10x short on 12,200 ZEC, with an unrealized loss of $460,000. Currently, the balance of this address is down to $640,000.

[OKX Built-in DEX Supports Boost and Launches 120 Million NIGHT Reward Pool Event] OKX will launch the Boost-X Launch: Midnight (NIGHT) event on December 10, 2025, with a reward pool of 120 million NIGHT. Registration will be open from 14:00 on December 10 to 14:00 on December 11 (UTC+8), and rewards can be claimed starting at 18:00 on December 11 (UTC+8). The built-in DEX feature of the OKX exchange now supports OKX Boost, and eligible users of the built-in DEX and aggregator trades can participate. Update the app to version 6.149 to experience it.

[The Central Bank of Argentina Considers Lifting Ban on Bank Cryptocurrency Transactions] On December 8, the Central Bank of Argentina is considering lifting the ban on traditional financial institutions providing cryptocurrency trading and custody services. The government of President Milei is evaluating regulatory reforms, aiming to allow banks to enter the cryptocurrency market under a strict framework. The drive to institutionalize cryptocurrency transactions is to bring transactions from the shadow financial system into the regulated banking system. If banks enter the market, it may create competitive pressure on existing cryptocurrency companies.

[Analyst Points Out Bitcoin May Test $76,000 if Fibonacci Support Level is Broken] Crypto analyst Daan Crypto Trades highlighted that Bitcoin is currently hovering around the key support level of the 0.382 Fibonacci retracement zone. If this level is breached, the price may test the April low of approximately $76,000 and break the long-term market structure. On Sunday evening, due to low liquidity in the weekend market, intense liquidation of long and short leverage occurred, causing Bitcoin's price to briefly drop below $88,000 before quickly rebounding above $91,500.

[South Korea's Plan to Allow Spot Cryptocurrency ETF Trading This Year Falls Through Due to Regulatory Delays] Affected by the delay in the revision of South Korea's 'Capital Markets Act,' the plan to allow spot cryptocurrency ETF trading in the country this year has essentially fallen through. Currently, four amendments related to the approval of spot cryptocurrency ETFs remain pending. Due to the restructuring of the Financial Services Commission and the Financial Supervisory Service, as well as the significant policy resources consumed by the government's stock market activation measures, the institutionalization process of crypto assets may have been deprioritized.