Daily Market Wrap | Dec. 08

Bitcoin steady above $91K ahead of Fed's rates cut, but rising Treasury yields warn of hawkish Powell stance impacting risk assets.
French banking giant BPCE launches crypto trading for 2M retail clients via its apps, allowing BTC, ETH, SOL, and USDC trades through Hexarq-managed accounts, expanding to 12M by 2026.
The euro stablecoin market cap doubled in the year after MiCA's June 2024 rollout, reversing a prior 48% decline

Farcaster pivots to a wallet-first strategy, emphasizing in-app trading features for user growth after 4.5 years of unsuccessful social-focused efforts, while maintaining its decentralized protocol for third-party apps.
Authorities across Europe dismantled a crypto fraud network that stole and laundered over $815 million through fake investment platforms, deepfake ads, call-center operations, and multi-blockchain laundering, resulting in arrests, asset seizures, and the takedown of scam infrastructure.

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