In the past hour, total liquidations across the network reached $21.44 million, with $5.73 million from long positions, with $15.71 million from short positions. BTC liquidation $7.31 million, ETH liquidation $7.29 million.

Odaily reports that Stripe Inc. and crypto venture capital firm Paradigm have launched public testing for their collaborative blockchain project, Tempo, opening the network to companies interested in building real-world stablecoin payment applications. Tempo aims to make stablecoin payments easily accepted by platforms by providing a simplified, plug-and-play experience. The network addresses the issue of rising transaction costs due to congestion in traditional blockchains by establishing a dedicated payment channel independent of the rest of the network. Tempo charges a fixed fee of 0.1 cents per transaction. New partners for Tempo include financial companies UBS and Cross River Bank, as well as prediction market operator Kalshi Inc. Previous partners include Deutsche Bank, Nubank, AI startups OpenAI and Anthropic. Matt Huang, co-founder and managing partner of Paradigm and head of the Tempo project, stated that the goal is to fill the gaps in experience for developers considering real-world use cases for stablecoins.

According to an article published on the X platform by analyst Chris Beamish, published by Odaily Planet Daily, the average cost price of US spot Bitcoin ETFs is currently close to $83,000, with BlackRock and Fidelity having slightly lower costs. Whether these cost prices can hold remains to be seen.

Huoxun Finance News, December 9th - According to BusinessWire, BNBPlus (NASDAQ: BNBX) announced the purchase of 3,349 new BNB for approximately $3 million, at an average price of approximately $895 per BNB, bringing its total holdings to approximately 18,840 BNB (including OBNB trust units). The company stated that it will continue to implement a yield-oriented BNB treasury strategy and leverage DeFi and Binance's native yield opportunities. Its subsidiary, LineaRx, after restructuring and cost reduction, expects to significantly narrow its losses and approach profitability in FY26Q1. The company also launched a new website and brand, providing investor materials, subsidiary progress updates, and treasury data updates.

According to Huoxun Finance on December 9th, the Hong Kong Special Administrative Region Government announced that the Financial Services and the Treasury Bureau has launched a public consultation today to amend the Inland Revenue Ordinance to adopt the OECD's Crypto Asset Reporting Framework (CARF) and update the Common Reporting Standard (CRS). The authorities plan to complete the legislation by 2026, exchange crypto asset tax information with eligible jurisdictions from 2028, and implement the updated CRS in 2029. The new regulations also propose mandatory registration for financial institutions, increased penalties, and strengthened enforcement to comply with OECD reviews and maintain the reputation of international financial centers. The latest OECD list shows that 76 countries have committed to sharing crypto data: 48 countries plan to implement it in 2027, 27 in 2028, and the US aims for 2029. Switzerland has postponed implementation to 2027; Brazil is considering joining; and the US is evaluating its IRS proposal. Another 53 countries have signed a multilateral competent authority agreement to achieve automatic exchange.