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Live Funkichain price today in USD
The cryptocurrency market on December 9, 2025, is characterized by a mixed sentiment, with Bitcoin navigating a period of consolidation while several altcoins experience significant volatility. The broader market is currently gripped by an 'extreme fear' sentiment, as indicated by the Crypto Fear and Greed Index standing at 19. The global crypto market capitalization saw a slight dip, currently hovering around $3.1 trillion.
Bitcoin and Ethereum: Navigating Uncertainty
Bitcoin (BTC), the leading cryptocurrency, is trading around $90,136.33, experiencing a 24-hour dip of approximately 1.61%. Despite this, analysts are looking ahead, with some suggesting a potential path for BTC to reach $124,000 and even $141,000 by the end of December. However, Matrixport analysts maintain a cautious outlook, expecting volatility to persist and warning that year-end deleveraging and holiday liquidity could exert pressure on the market. Historically, December has presented challenges for Bitcoin, making its performance this year a point of keen observation.
Ethereum (ETH) shows relative stability, holding steady at approximately $3,100, with a modest 24-hour decrease of 0.70%. The network's robust Proof-of-Stake model continues to link its price to the overall security budget of the ecosystem, providing a fundamental valuation floor. While spot Ethereum ETFs recorded net inflows of $35.49 million today, they did experience weekly outflows of $65.4 million for the period ending December 6.
Altcoin Dynamics: Surges and Corrections
Today's market saw notable movements among altcoins. Terra (LUNA) emerged as a significant gainer, surging by 28.17% in the last 24 hours. This rally appears largely driven by speculative interest ahead of Do Kwon's December 11 sentencing and the anticipation of a v2.18 network upgrade backed by Binance. Treasure (MAGIC) also performed strongly, recording a 10.57% increase, alongside Radiant Capital (RDNT) which rose by 12.93%. DoubleZero (2Z) posted a nearly 10% jump, making it another top performer. Zcash (ZEC) also saw a considerable gain of 14.76%.
Conversely, some altcoins faced corrections. Voxies (VOXEL), Stafi (FIS), and Moonbeam (GLMR) experienced sharp declines. Monero (XMR) was among the biggest losers, with a nearly 5% dip over the past 24 hours. Dogecoin (DOGE) maintained its position around the $0.14 mark.
ETF Activity and Institutional Interest
Spot Bitcoin ETFs witnessed net outflows of $60.48 million on December 8, primarily led by Grayscale's GBTC, while BlackRock's IBIT was the sole fund to register inflows. In contrast, spot Ethereum ETFs saw positive momentum with $35.49 million in net inflows today. Ripple's XRP also garnered significant institutional attention, with its spot ETFs attracting $38.04 million in inflows today and achieving a $1 billion Assets Under Management (AUM) milestone. Spot Solana ETFs added $1.18 million in inflows.
Regulatory Landscape and Global Developments
Significant regulatory news emerged from the United States today, as the Commodity Futures Trading Commission (CFTC) approved a pilot program. This initiative allows Bitcoin, Ethereum, and USDC to be utilized as collateral within regulated US derivatives markets, marking a crucial step towards integrating digital assets into mainstream financial systems.
In Asia, Japan is exploring a major overhaul of its crypto taxation policy. The proposed change aims to reduce the effective tax rate on crypto gains to a flat 20%, mirroring the rate for stocks. This could unlock a substantial new market and pave the way for local crypto Exchange-Traded Funds (ETFs). Meanwhile, Hong Kong-based crypto exchange HashKey Holdings is pursuing an Initial Public Offering (IPO) with an ambitious target valuation of $2.47 billion, signaling growing confidence in the region's digital asset market.
Exchange Listings and Industry Events
Coinbase, a major cryptocurrency exchange, announced the listing of two new tokens for spot trading: Plume (PLUME) and Jupiter (JUPITER). PLUME experienced a 7% surge following the announcement, while JUPITER saw a decline. The India Blockchain Week 2025 concluded successfully, reinforcing the nation's position as a global Web3 innovation hub despite existing regulatory and taxation challenges. Furthermore, Abu Dhabi is hosting Bitcoin MENA 2025, bringing together key industry figures, with the Global Blockchain Show Abu Dhabi also on the horizon.
The market remains an intricate web of price movements, regulatory shifts, and technological advancements, all contributing to a dynamic and closely watched landscape as the year draws to a close.
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What Is Funki Chain?
Funki Chain is a Layer 2 (L2) Ethereum Rollup Network that operates as part of the Optimism Superchain. It is designed to enhance scalability, security, and efficiency while reducing transaction costs on the Ethereum blockchain. Built on the OP Plasma Mode and secured by Ethereum, Funki Chain provides a platform that focuses on integrating fun and entertainment into blockchain interactions. The network is especially suitable for applications such as gaming, generative AI, and social activities, offering users a seamless on-chain experience.
Funki Chain’s primary aim is to transform the blockchain environment into a space where fun and user engagement take center stage. By enhancing transaction speeds and lowering fees, the platform seeks to create a more accessible and enjoyable blockchain experience for developers, creators, and users alike.
How Funki Chain Works
Funki Chain operates on the OP Stack, a modular framework that enables Layer 2 scalability solutions. As a rollup network, Funki Chain processes and settles transactions off-chain, only submitting the final transaction state to Ethereum’s Layer 1 (L1) for validation. This method significantly reduces congestion on Ethereum while ensuring that Funki Chain can process a higher volume of transactions at a lower cost.
A key feature of Funki Chain is its low transaction fees, which are under $0.001, and a block time of just two seconds. It is a suitable choice for decentralized applications (dApps) that require high performance and quick transaction finality. The platform also offers a range of tools, including the Funki Bridge, which allows users to securely transfer assets from other blockchains, and Funki Swap, a decentralized exchange that simplifies asset swapping on the network. The Relay service enables fast bridging of assets, allowing users to transfer their assets to Funki Chain within seconds.
What Is Dokodemo Protocol?
The Dokodemo Protocol is a unique feature of Funki Chain designed to enhance the functionality of Non-Fungible Tokens (NFTs). This protocol allows NFTs to move across multiple digital environments while maintaining their original form and value. Inspired by the concept of a "magic door" from the popular anime "Doraemon," the Dokodemo Protocol enables NFTs to traverse different blockchain ecosystems without losing their connection to the original asset.
The protocol ensures that NFTs retain their ownership rights and enforce royalties as they are used across different platforms. By allowing NFTs to interact with various games, applications, and blockchain environments, the Dokodemo Protocol adds a dynamic element to NFTs, allowing them to evolve and gain new attributes across multiple platforms. This cross-chain interoperability enhances the value and utility of NFTs, and makes them more versatile and interactive.
Funki Chain vs. Ethereum
While Funki Chain is built on Ethereum, there are several differences between the two that are important for developers and investors to understand.
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Layer 2 vs. Layer 1: Ethereum operates as a Layer 1 blockchain, providing the base layer for many decentralized applications. However, due to its popularity, Ethereum often suffers from high gas fees and network congestion. Funki Chain, as a Layer 2 rollup, solves these issues by processing transactions off-chain and periodically reporting them back to Ethereum, allowing for faster and cheaper transactions.
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Transaction Speed and Costs: Ethereum is known for its slower transaction speeds, particularly during periods of high network activity. In contrast, Funki Chain offers a faster block time of 2 seconds and minimal transaction fees, making it more suitable for applications that require high throughput, such as gaming and social dApps.
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Developer Experience: Funki Chain is built on the Bedrock release of the OP Stack, which mimics Ethereum's architecture. This makes it easy for developers who are familiar with Ethereum to build on Funki Chain with minimal adjustments. The transition from developing on Ethereum to Funki Chain is therefore relatively seamless.
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Interoperability: Through its Dokodemo Protocol and cross-chain capabilities, Funki Chain enhances the interoperability of NFTs and other digital assets across different blockchain ecosystems. Ethereum, while versatile, doesn’t natively offer this kind of NFT interaction across multiple chains without additional layers or protocols.
Conclusion
Funki Chain is a highly scalable Layer 2 network built on Ethereum, designed for the development of fun-first applications in areas like gaming, AI, and social interactions. With the Dokodemo Protocol enabling cross-chain NFT functionality and tools like Funki Bridge and Funki Swap simplifying asset management, Funki Chain provides a dynamic platform for developers and creators. While it retains the security and reliability of Ethereum, Funki Chain offers faster transaction speeds, lower fees, and enhanced cross-chain capabilities, positioning itself as a unique solution for the future of decentralized entertainment and blockchain applications.
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