Daily Crypto Briefing – December 10, 2025

The crypto markets saw mixed reactions to the Federal Reserve's expected 25 basis point rate cut, with Bitcoin hovering near $94K while institutional adoption continues to accelerate across multiple sectors.

Top Stories

Sei Partners With Smartphone Giant Xiaomi

Sei has secured a major partnership with Xiaomi to integrate crypto wallets and discovery apps into all new phones launched outside the US and China. This collaboration could significantly expand crypto accessibility to millions of smartphone users globally, with SEI token rallying on the news.

Phantom Stablecoin Hits $100M Milestone

Phantom's wallet-native stablecoin CASH has reached $100 million in supply just two months after launch. The rapid growth highlights increasing adoption of wallet-integrated stablecoins, driven by liquidity programs and user incentives.

Fed Delivers Expected Rate Cut

The Federal Reserve cut rates by 25 basis points to 3.5%-3.75%, with Bitcoin experiencing volatility around $94K as markets parsed Chair Powell's commentary on balancing labor market and inflation concerns.

Web3 Gaming Faces Continued Pressure

ChronoForge announced its shutdown amid funding collapse, highlighting ongoing challenges in the Web3 gaming sector as projects struggle with shrinking budgets and challenging market conditions.

Technology & Infrastructure

Stripe's Tempo Blockchain Goes Live • Stripe's payments-focused blockchain Tempo opened to the public with Mastercard and UBS as early partners • The platform aims to streamline payment processing using blockchain technology • Represents a significant move by traditional payment processors into crypto infrastructure

Hyperliquid Dominates Perpetuals Market • Perpetuals exchange fever spread throughout 2025 with Hyperliquid leading • Platform faces increasing competition as the derivatives market heats up • Success highlights growing demand for decentralized trading infrastructure

Regulation & Policy

Federal Banking Developments • US Treasury proposed major overhaul of bank AML oversight, centralizing supervision under FinCEN • OCC approved riskless crypto trading for US banks, allowing them to act as intermediaries • PNC Bank launched direct Bitcoin trading for private banking clients

Legislative Pushback • Teachers union urged Senate to kill crypto market structure bill, citing pension fund risks • Consumer groups joined unions opposing the industry-backed legislation • Paxful pleaded guilty to AML violations, paying $3.5M fine

Markets & Trading

Bitcoin & Major Assets • Silk Road wallets moved $3.14 million in Bitcoin after a decade of dormancy • Long-dormant ETH wallet and major BTC holders moved funds ahead of Fed meeting • Bitcoin selling pressure eased as exchange inflows dropped

ETF Flows • Bitcoin ETFs saw $152 million in inflows ahead of Fed decision • Ethereum ETFs hit six-week high as institutional rotation continued • All major crypto ETFs posted positive flows on Tuesday

Altcoin Performance • Cardano spiked 11% as bulls touched three-week highs • Ethereum rose 7% as altcoin season fears eased • XRP faced $100M whale dump ahead of potential breakout

DeFi & Innovation

Stablecoin Developments • Phantom's CASH stablecoin reached $100M supply with strong adoption metrics • Stripe charges 1.5% for stablecoin transfers that cost $0.0002 on-chain • Wallet-native stablecoins gaining traction through liquidity incentives

Prediction Markets • Polymarket user turned $3K into $125K with single prediction • Platform faced credibility crisis over controversial UFO market resolution • Growing concerns about market manipulation by large holders

Quick Hits

• A16z Crypto opening Seoul office to lead Asia expansion efforts • GameStop posted $9.4M loss on Bitcoin holdings in Q3,