On December 10, Web3Daily.news Crypto Headlines:

1. The Asia market took advantage of the transition between both sides during the weak liquidity hours of 4-5 AM to launch another deleveraging action.

$BTC briefly fell below 94,000, and $ETH fell below 3,500.

The average drop for all cryptocurrencies was over 15%, with a total of 500,000 people liquidated globally.

$1.483 billion liquidated in 24 hours, primarily on long positions at $1.348 billion, with bulls almost entirely wiped out.

If it further drops below 94,000, $1.1 billion can still be liquidated; if it rises above 100,000, $1.9 billion can be liquidated.

2. For a time after the U.S. market opened, the price of $BTC was pulled back above 100,000, but the duration was short.

MicroStrategy announced again that it has spent $2.1 billion to purchase 21,550 $BTC at an average price of $98,783.

BlackRock's IBIT pre-market trading volume reached $92 million, with 40% being active buy orders, which is also quite good data.

However, such purchasing volume and enthusiasm still cannot withstand the fierce selling by bears.

3. Russian lawmakers suggest establishing a Bitcoin strategic reserve.

Zhao Changpeng stated at the Bitcoin MENA conference: China may follow the new U.S. government in launching a Bitcoin strategic reserve plan.

4. Former FTX exchange founder SBF, who is in prison for fraud, is writing a memoir in jail.

Forbes previewed some chapters: "I lost my pillow tonight. So tonight I am using a towel and my prison uniform to support my head. It doesn't work well, my neck already hurts a lot."

5. Bitfinex reports: Bitcoin remains bullish in the medium term, provided that ETF inflows continue.

6. The meme community is buzzing again; the annual large-scale airdrop of Movement is distributing tokens, not checking for witches, and the generosity is remarkable.

Many studios and large meme holders are again A8, and some college students have also benefited.

A college student's diary: "After more than 2 months, I have gained around 100 accounts, totaling about 90,000 tokens! For me as a sophomore, this is indeed a huge fortune."

Major exchanges have already listed the tokens, each at $0.8, do the math yourself, whether you are buzzing or not, isn't it frustrating?

7. The territory of stablecoins is continually expanding; besides speculation, fields like international trade settlement and financial derivatives are also starting to use them.

The total market value of stablecoins has surpassed $200 billion, hitting a historical high.

8. The State Administration for Market Regulation has filed an investigation against NVIDIA in accordance with the law.