Weekly Recap｜Crypto Market Under Pressure as Macro Data Resets Expectations; Multiple Echobit Campai
2025.12.08
Last Week in Review (Dec 1 – Dec 7)
Last week, the delayed U.S. Q3 GDP second revision—postponed due to the government shutdown—was finally released, with growth slightly revised downward. The crypto market continued to weaken, with Bitcoin failing to sustain an upward push and dropping to a low of $87,000. Liquidity remained tight, and institutions maintained a cautious stance. Strong support is still lacking.
Overall, market liquidity remains limited, and downside risks should not be ignored. In the coming weeks, macro data and institutional moves may play a decisive role.
This recap will walk you through last week’s key developments across the crypto industry and preview the major trends and events to watch in the week ahead.
Market Pulse
• Japan’s 30-year government bond yield hit a new record high at 3.445%
• Grayscale filed an S-1 registration statement with the SEC to launch a SUI ETF
• BlackRock’s Bitcoin ETF recorded its longest streak of weekly outflows, totaling $2.7 billion over five weeks
• National Bank of Canada disclosed purchasing approximately $273 million worth of Strategy shares
• Parataxis agreed to acquire a controlling interest in Korea’s Sinsiway for $27 million and establish an Ethereum treasury
• The Central Bank of Kazakhstan will invest up to $300 million in crypto assets using gold and FX reserves
Funding & M&A
Last week saw 18 funding events totaling over $350 million, primarily across DeFi, AI, and infrastructure:
• Ethereum network testing tool Antithesis raised $105 million in a Series A led by Jane Street
• Digital Asset Holdings raised $50 million with participation from BNY Mellon and Nasdaq
• Bitcoin-native interoperability protocol Portal to Bitcoin raised $25 million led by JTSA Global
• Blockchain-based bank N3XT completed three rounds raising a total of $72 million
• Stablecoin application Fin raised $17 million led by Pantera Capital
• French crypto savings platform Bitstack raised $15 million in a Series A led by 13books Capital
Policy & Compliance
• South Korea plans legislation requiring virtual asset operators to bear “no-fault compensation” for hacking incidents
• Market sources indicate French bank BPCE now allows customers to buy and sell crypto
• Franklin Templeton announced its Solana ETF has gone live
• The UK formally recognized cryptoassets as legally protected personal property
• Donald Trump strongly hinted that Hassett is his pick for the next Federal Reserve Chair
• CME launched a Bitcoin Volatility Index, similar to the VIX in equities
• Sweden’s central bank published a stablecoin policy report noting convergence between US and EU regulatory paths
Echobit Highlights
• Echobit launched the Viral Partner Program recruitment campaign
• Echobit announced the upcoming listing of the new AUTOMA/USDT spot trading pair
• Echobit and Origyn launched a listing giveaway, distributing 10,000 ORIGYN
• Echobit hosted the ORIGYN spot trading competition
• Echobit launched the December Futures Trading Competition
• Echobit announced the Christmas Avatar Creative Contest
Week Ahead (Dec 8 – Dec 14)
• Bitcoin financial services firm ProCap Financial will list on Nasdaq on December 8
• France’s second-largest banking group BPCE will support crypto trading for customers starting December 8
• Linea airdrop claim window closes on December 9, with all tokens fully unlocked
• The Federal Reserve FOMC will release its rate decision and economic projections
• Do Kwon faces a maximum of 25 years in prison; sentencing expected on December 11
• Major unlocks coming for APT, CHEEL, LINEA and others
Echobit will continue tracking global crypto trends, focusing on market movements, regulatory developments, and investment opportunities—helping you navigate every cycle and stay ahead.