In a sluggish market, Shiba Inu performed strongly in the derivatives market, with open interest surging by 3.42%. Traders settled 11.03 trillion SHIB, and the price increased by 0.59% to $0.000007174, breaking the downward trend of Bitcoin and XRP. A leading exchange accounted for 38.8% of the contract volume, indicating market enthusiasm.

Goldman Sachs invites Coinbase founder Brian Armstrong to the summit, where the two parties discussed Coinbase's development, the evolution of cryptocurrencies, and the prospects of industry regulation, reflecting the interaction and cooperation intentions between traditional finance and the crypto sector.

Ethereum L1 recently hit a new record, with 1,913,481 transactions in a single day, and an average transaction fee of only $0.16, indicating high on-chain activity, reduced user transaction costs, and a stable network condition, providing a good environment for DeFi and NFT activities.

[BitPush] A well-known Bitcoin asset management company has recently approved an interesting financing framework. In simple terms, they plan to use their held Bitcoin as collateral to borrow money, then use the borrowed funds to continue buying Bitcoin.
How exactly does it work? The framework sets several key conditions: a loan-to-value ratio of 50%, meaning that $1 million worth of Bitcoin can be borrowed up to $500,000; the loan uses an interest-only repayment mode, reducing repayment pressure; the maximum loan term is four years, providing a sufficient operational window; the total borrowing limit is strictly controlled within 20% of the company's Bitcoin reserves, so the risk is not excessively amplified.
This scheme is provided by an established lending platform, with a clear collaboration idea—through structured collateralized loans, to open more flexible financing channels for Bitcoin holders. The company's management stated that this strategy can meet short-term liquidity needs while supporting long-term accumulation goals, in the current market

[Block Rhythm] Where has all the Ether gone? Just look at those Coin Hoarding large investors.
According to on-chain data statistics, the ranking of institutions with the largest public holdings of ETH has been released. At the top of the list is Bitmine Immersion Tech, holding 4.07 million Ether, worth $11.97 billion—this position is enough to shake the market. Following closely is SharpLink Gaming with 863,020 coins, valued at $2.54 billion; The Ether Machine ranks third with 496,710 coins, with a book value of $1.46 billion.
Interestingly, a certain institution's actions have become more noteworthy recently. The investment team at Trend Research started bottom-fishing for Ether in early November, with an entry price of $3400. So far, they have accumulated approximately 580,000 coins of Ethereum, totaling

A leading exchange will delist the DEGENUSDT and CETUSUSDT Perptual Futures trading pairs on December 26, 2025, at which point trading will cease and all open orders will be canceled. Users with holdings valued over 10,000 USD must manage their positions in advance to avoid being unable to transfer assets after the contracts are delisted.

Swedish listed company Bitcoin Treasury Capital recently issued Class A preferred shares to raise $783,000, aiming to increase its Bitcoin reserves. This indicates institutional confidence in the long-term value of Bitcoin, and the investment strategy will alter the structure of market participants.

The S&P 500 has reached a historic high due to strong earnings and investor enthusiasm, but the crypto market has struggled to break through the $3 trillion mark. The tightening of liquidity has led to a reallocation of funds, making traditional assets more attractive, and it will be difficult for the crypto market to break out of its consolidation state in the short term.

[Coin World] Recently, there has been an interesting observation - the current market is not at all an altcoin season, but rather a "metal season." Leading coins like Bitcoin and Ethereum are continuously reaching new highs, and the entire mainstream token camp appears quite impressive. In contrast, most alts seem somewhat lackluster, with their price rises lagging behind the pace of mainstream tokens.
What does this mean? Market risk appetite is returning to rationality, and funds are more inclined to flow towards projects with solid fundamentals and high consensus. As long as Bitcoin and Ethereum remain strong, it will be difficult to see a collective explosive market for alts. At this stage, those entering the market seem to be choosing the hardest assets rather than betting on those concept coins.

Recent data shows that many projects with massive funding amounts, such as Humanity Protocol and Fuel Network, have seen their market capitalization shrink significantly, falling to a fraction of their funding valuations. This reflects the inflated valuations caused by overheated market sentiment and serves as a reminder for investors to calmly analyze the fundamentals to avoid being misled by market enthusiasm.

On Tuesday, U.S. stocks opened with divergence, as the Dow Jones fell slightly while the Nasdaq rose against the trend, reflecting the contrast in performance between traditional blue chips and tech stocks. This index divergence may impact the investment sentiment in the digital asset market.

[Coin World] Recently, attention has been drawn to a report on ADP's weekly employment data. As of December 6, the average number of new jobs added by private sector employers over the past four weeks is 11,500. Although this number may not seem particularly impressive, it is still meaningful for assessing the direction of the Fed's subsequent monetary policy—employment data directly affects the movement of the dollar, and the dollar's movement, in turn, influences the liquidity expectations of the entire crypto market. The key is still to see whether the labor market reflected by this data is cooling or stabilizing.

Recently, the financial innovation sector has been bustling with activity, as an asset management company launched two ETFs, focusing on the stablecoin economy and the tokenization of real-world assets (RWA) respectively. The annual trading volume of the stablecoin-related market exceeds $90 trillion, while the RWA market is expected to reach $3.6 trillion by 2030. These funds will allocate 25% to 50% of their assets to the encryption field, reflecting TradFi's recognition of Web3.

Macroeconomic analyst Luke Gromen holds a cautious view on the economic situation for next year, believing that extreme monetary easing will not occur. He analyzes high leverage and deflationary pressures, pointing out Bitcoin's warning role in liquidity crises and its correlation with tech stocks. Despite being cautious in the short term, he is optimistic about Bitcoin's long-term prospects, believing it will still play an important role in future economic crises.

Canadian listed company Matador Technologies announced a financing of $58 million to increase its holdings in Bitcoin, planning to hold 1,000 BTC by the end of 2026. This reflects that more and more institutional investors view Bitcoin as a strategic asset, demonstrating confidence in its long-term value and impacting the market supply and demand pattern.

The famous "ultimate short" in the crypto world has recently reduced his position, attracting attention. He has liquidated part of his BTC short positions in the past 5 hours, earning about $1.17 million. Since November, he has consecutively taken profits at the lows for five times, cumulatively reducing his position to $93 million. Currently, he still holds $43.63 million in short orders, and his strategy has shifted from increasing the position to reducing it, indicating a possible new market condition signal.