Daily Market Wrap | Dec. 09

Hot Topics

• CFTC launches pilot allowing BTC, ETH, and USDC as collateral in U.S. derivatives markets.
• BlackRock files SEC S-1 for iShares Staked Ethereum Trust ETF to offer ETH price exposure plus staking rewards.
• Circle secures ADGM's FSP license to operate USDC as a regulated Money Services Provider in Abu Dhabi, advancing Middle East expansion.
• Tether's USDT gains ADGM recognition as an accepted fiat-referenced token for use across nine major blockchains in Abu Dhabi.

Market Updates

• BitMine reports $13.2B holdings with 3.86M ETH as treasury expands post-November slowdown via $430M purchase.
• Zcash proposes dynamic fees via median prior-block pricing to curb rising costs, sparking 12% ZEC surge to $395.