2025-12-24 12:00:58

#美联储回购协议计划 The stablecoin market has broken through a historic high, with the total market capitalization crossing the $310 billion mark on December 24th. The risk-off sentiment is strong, with institutions and retail investors flocking into stablecoins like USDT and USDC, planning to wait and see. Interestingly, the supply of USD1 stablecoin has recently surged by 45.6 million tokens, pushing its market cap to $2.79 billion. A high-yield promotion at a major exchange has indeed stimulated many participants' interest.

The flow of funds into ETFs has shown a clear polarization. On December 23rd, the US spot cryptocurrency ETF saw Bitcoin ETF being net sold for $188.64 million, and Ethereum ETF also exited with $95.53 million. This ongoing outflow has been happening since early November. But other funds tell a different story — Solana ETF attracted $4.2 million in new capital, and XRP ETF was even more aggressive, bottoming out with $8.19 million. Investors are clearly seeking alternative options, no longer focusing solely on BTC and ETH.

On-chain ecosystems are also making big moves. Gnosis Chain completed a chain-level hard fork, successfully recovering assets stolen during the November Balancer hack. The stolen assets have been moved from the hacker’s address and are now held in a DAO custody wallet awaiting community voting on a compensation plan. This operation demonstrates the flexible response capability of decentralized governance in emergency situations.

Institutional actions are also influencing market sentiment. Bitmine added 67,886 ETH on December 24th, investing approximately $201 million — a bullish signal. Meanwhile, Trump Media Group withdrew, transferring out 2,000 BTC worth about $175 million. Funds are competing, and the market is digesting these conflicting signals.

USD10.12%

ETH-0.6%

SOL-1.22%

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ChainWatcher

· 11h ago

Has the stablecoin reached 310 billion? Now I really don't dare to move, all the money is hiding.

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GasWaster

· 11h ago

Stablecoins surpass 310 billion, retail investors are really hiding, just wait patiently for the market trend. BTC and ETH are running, SOL and XRP are bottom fishing, the market is really active. Bitmine invested 200 million into ETH, while Trump is selling BTC, the contrast is incredible. Gnosis recovering stolen assets is truly impressive; DAO governance still has some substance. Institutions are playing mahjong, retail investors are just guessing, let's see who wins. The surge in stablecoins probably means they are reserving ammunition for the upcoming volatility. USD 1 has surged to 2.79 billion, I really didn't expect that; the exchange's promotion was indeed fierce. Polarization is happening: old coins are being sold off aggressively, new coins are quietly being picked up. Solana's bloodsucking this round is quite steady; many are switching tracks. This rhythm suggests either big players are planning strategically or retail investors are throwing a tantrum.

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AirdropHunter9000

· 11h ago

Stablecoins have exceeded 310 billion? It seems everyone is scared and hiding in USDT and USDC. BTC and ETH are bleeding, while Solana and XRP are picking up bargains. This contrast is quite interesting. Bitmine invested 200 million into ETH, and Trump transferred out 2000 BTC. Are they operating in opposite directions? The recovery of hacker assets by Gnosis was indeed impressive; DAO governance still has some value. Who still only plays with BTC? Everyone is looking for alternatives now. Stablecoins surged by 45.6 million tokens? The high yields from a certain exchange are really convincing. On one side, institutions are absorbing, and on the other, they are spitting out. The market is a bit chaotic. With such obvious polarization, are retail investors just following the trend or have they really figured something out? With such a heavy risk-avoidance atmosphere, is a crash coming at the end of the year?

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RektRecorder

· 11h ago

Stablecoins exceed 310 billion, everyone is buying the dip, this rhythm feels off --- BTC and ETH have been fleeing, why are small coins still bleeding, I don't get it --- Gnosis Chain recovers stolen assets? That move is impressive, decentralized governance still has some tricks up its sleeve --- Bitmine spends 200 million to buy ETH, Trump immediately turns around and runs, hilarious, even the wealthy are gambling --- With such a strong risk-averse atmosphere, should I still hold coins? --- Why did USD1 suddenly increase by 45.6 million tokens? This high-yield strategy used by exchanges is really clever --- Not chasing BTC now, but chasing SOL and XRP? That's a bit crazy, everyone

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StablecoinGuardian

· 12h ago

Stablecoins surpass 310 billion, are we rushing in? I think it's just being timid. If you truly believe, you should have already bottomed out in spot trading. --- BTC and ETH are running, while others are copying Solana and XRP. This rhythm feels like it's changing. --- Bitmine spent 200 million to buy ETH, while Trump’s side is still clearing out BTC. Things are getting pretty desperate. --- Is USD1 really that strong? A market cap of 2.79 billion, is it genuine demand or are exchanges just trapping retail investors? --- Gnosis's hard fork recovers assets. This move is effective; DAO governance can at least save the situation. --- Stablecoins are stacking up, but big players are dumping. This disconnect is making people a bit anxious. --- Everyone is piling into stablecoins to hide, but honestly, they still lack confidence. --- XRP and SOL are launching surprise attacks, while Bitcoin and ETH are leaking. The landscape is definitely reshuffling.

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