The U.S. Senate Banking Committee confirmed that the crypto market structure legislation cannot be completed before 2025, and the related hearing has been postponed to early 2026, leading to longer regulatory uncertainty for the crypto industry.

After Trump's return to the White House, the SEC adopted a lenient approach to cryptocurrency cases, withdrawing most cases related to Trump, indicating an enforcement bias during Trump's second term. Cryptocurrency cases filed during Biden's term are significantly more numerous than during Trump's tenure, and the SEC made notable concessions on cases linked to Trump and his family.

Golden Finance reports that, according to Cryptonews, Terraform Labs co-founder Do Kwon was sentenced to 15 years in prison by the U.S. Manhattan Federal Court for orchestrating the $40 billion TerraUSD collapse. He may still face a second trial in South Korea. According to reports, the Korean prosecutors are seeking a sentence of over 30 years for Do Kwon on charges of violating the Capital Markets Act. The 34-year-old South Korean national can apply for transfer to South Korea after serving half of his sentence, and approximately 200,000 Korean investors have lost about 300 billion Korean won ($2.04 billion) as a result. U.S. District Judge Paul Engelmayer stated during last week's sentencing: "In federal prosecution history, few fraud cases have caused such severe damage." Do Kwon has admitted to the 2018...

ChainCatcher News reports that, according to financefeeds, the Federal Reserve cut interest rates by 0.25% as expected (3 votes against), with Powell confirming a pause after one more rate cut in 2026. The market is beginning to digest the dovish remarks of the new chairman candidate Kevin Hassett (he mentioned the possibility of more than 3 rate cuts). Meanwhile, the Federal Reserve announced a monthly repurchase of approximately $40 billion in short-term government bonds, lowering real interest rates and providing liquidity, which is mildly positive for stocks, metals, and cryptocurrencies. Compared to the US dollar, major currencies like the euro and yen are showing hawkish narratives. The 30-year German government bond yield hit a new high, attracting capital inflows into European assets. Precious metals surged strongly: gold broke through $4,300, silver hit a record high, and platinum and palladium also reached mid-term new highs. Bitcoin traded within a narrow range of $92,000-$93,000, with E

The U.S. Securities and Exchange Commission (SEC) has officially initiated the approval process for the Nasdaq tokenized securities trading proposal, marking a significant step for mainstream U.S. securities exchanges toward tokenized financial infrastructure. The proposal aims to allow Nasdaq to list and trade tokenized securities, including stocks, sparking widespread market attention on the prospects of bringing real-world assets (RWA) onto the blockchain. According to the latest order issued by the SEC, the regulatory agency is seeking further public comments on the rule change proposed by Nasdaq to assess whether to approve its tokenized securities trading. The SEC noted that, due to the important legal and policy issues involved, initiating a formal approval process is necessary and appropriate.

After a three-week rally, Bitcoin's short-term trend is beginning to show signs of fatigue. As the Nasdaq index faces resistance in its rebound, the market's overall outlook on risk assets is changing, which has put Bitcoin under renewed downward pressure. Since reaching a low of around $80,000 on November 21, Bitcoin has rebounded to above $90,000, forming a reverse ascending channel within a downtrend, with structure continuously making higher highs and higher lows. Driven by Fed rate cuts, a weakening US dollar index, and the improvement of some long-term technical indicators, the market once held expectations for a trend reversal.

After a phase of sell-off, the cryptocurrency market may enter a key window for stabilization and rebound in the short term. Although the Federal Reserve implemented a rate cut last week, market sentiment remains cautious, with traders closely monitoring macroeconomic data and central bank policy signals, including US CPI inflation data, initial jobless claims, and the Bank of Japan's interest rate decision. On Monday morning, the total market capitalization of cryptocurrencies slightly declined to approximately $3.13 trillion, a daily decrease of about 1.5%. However, overall trading activity has not significantly decreased, with the 24-hour total trading volume still around $90.9 billion, indicating that funds have not been withdrawn from the market on a large scale. Bitcoin's price hovers around $89,000, down about 1% intraday, while Ethereum shows relative resilience, with a decline of less than 1%. The market structure exhibits characteristics of “converging declines and stable trading volume.” In terms of sentiment indicators, the crypto market fear and greed index dropped to 16, entering the “extreme fear” zone, reflecting that short-term risk appetite remains subdued. However, this level is still better than the extreme emotional stage of last month.

The Deputy Governor of the Reserve Bank of India stated that India will not adopt the US "GENIUS Act" or the G7 stablecoin regulatory framework, believing that dollar-pegged stablecoins threaten monetary sovereignty, and emphasized that the country will continue to advance the Central Bank Digital Currency (CBDC) e-Rupee project.

BlockBeats News, December 15 — Recently, the US labor market continues to cool down, with the unemployment rate rising to 4.4%. Hiring remains weak, layoffs are steadily increasing, resulting in a stagnation state of "low hiring, low layoffs." Several economists warn that if employment in core industries further deteriorates, the labor market may face significant downward pressure by 2026. The Federal Reserve also acknowledged the presence of notable downside risks in the employment market. Market opinions remain divided on the "soft landing aftereffects" and potential recession, but macroeconomic uncertainty has become a consensus. In the cryptocurrency market, Bitcoin (BTC) has recently entered a consolidation range. Resistance levels with high liquidation density are concentrated around 90,144, 91,000, and 91,300, indicating that selling pressure and leverage risks remain high during the rebound. The key support level is at 87,500; if broken, it could trigger a new round of passive deleveraging. Short

BlackRock believes that artificial intelligence is reshaping the global economy and markets, with the tech industry shifting from asset-light to capital-intensive. The rapid development of AI infrastructure has made it a new profit model, while the winners in the tech sector are still unclear. Therefore, it is recommended that investors continue to increase their holdings of US stocks under the AI theme.

The US Treasury market is facing increased debate over the Federal Reserve's interest rate cut prospects. Bond traders forecast two rate cuts next year, driving strong performance in government bonds. Labor market and employment data will influence the direction of interest rates, with traders expecting rates to stabilize around 3.2%.

The Ukrainian and U.S. delegations held a closed-door meeting in Berlin on the 14th for more than five hours to discuss the "Peace Plan" to end the Russia-Ukraine conflict, with discussions continuing on the 15th. During the talks, U.S. representatives included Presidential Envoy Witkov and Kushner, while the Ukrainian side was represented by Zelensky and other senior officials.

The Financial Times analysis in the UK pointed out that the US non-farm employment report released in December will reflect the labor market for October and November, potentially influencing Federal Reserve policy decisions. Citigroup predicts a decrease of 45,000 jobs in October and an increase of 80,000 in November, with the unemployment rate expected to rise to 4.52%.

0xNing0x analyzes that after the Federal Reserve's interest rate cut, US stocks and Bitcoin declined due to changes in the US bond yield curve shape. The rate cut policy will impact the global financial market trends, overvalued assets face pressure, and dividend stocks in the US market will experience valuation recovery.

Golden Finance reports that Trump states his US investment plan has not yet fully taken effect.

The U.S. Securities and Exchange Commission (SEC) has issued a guide for crypto wallets and custodial investors, detailing best practices and risks for different storage methods, comparing self-custody and third-party custody, and reminding investors to pay attention to custodians' policies and asset management approaches.

Golden Finance reports that Laura Katherine Mann, a partner at the law firm White & Case, stated that 2025 is the "testing year" for cryptocurrency IPOs, and 2026 will be the real year of judgment, when the market will determine whether digital asset上市 companies are a long-term viable asset class or merely trading opportunities in a bull market. She pointed out that the composition of companies planning to go public in 2026 will lean more towards financial infrastructure, regulated exchanges and brokers, custody and infrastructure service providers, as well as stablecoin payment and vault management platforms. Against the backdrop of a more constructive US regulatory environment and increasing institutionalization, the IPO window is supported; but Mann also emphasized that valuation discipline, macro risks, and cryptocurrency price trends will ultimately determine how many transactions can

Golden Finance reports that the "Granny Shots" US Small and Mid Cap ETF (ticker: GRNJ) launched by Tom Lee's Fundstrat has reached an asset management scale of $165 million.

Odaily Planet Daily reports that negotiations in the U.S. Senate over the Cryptocurrency Market Structure Act have not yet resolved multiple disagreements, and substantial progress may be delayed until January next year. The legislative text has been privately circulated among industry insiders, and industry executives briefly reviewed the current draft at a White House meeting on Thursday, hosted by President Donald Trump's crypto advisor Patrick Witt. The negotiations involve four parties: Senate Democrats, Republicans, the White House, and the crypto industry, with four major disagreements still to be resolved. These disagreements include ethical standards for government officials' involvement in digital assets, especially regarding President Donald Trump’s participation, whether stablecoins should be tied to yields, and the U.S. Securities and Exchange Commission (SEC)’s jurisdiction over tokens and its authority to regulate decentralized finance (DeFi). Patrick

PANews December 13 News, Glassnode published an analysis stating that the holdings of major Bitcoin holders are as follows: Public companies: approximately 1.07 million Bitcoins Government agencies: approximately 620,000 Bitcoins US spot ETFs: approximately 1.31 million Bitcoins Exchanges: approximately 2.94 million Bitcoins These institutions collectively hold about 5.94 million Bitcoins, accounting for approximately 29.8% of the circulating supply, highlighting the increasing concentration of liquidity among institutions and custodians.

Federal Reserve Chairman Powell stated that artificial intelligence is having some impact on employment in the United States, but it is not the main cause. He expressed concern that the current AI wave could be more detrimental to the labor market than previous technological revolutions, potentially leading to an imbalance in job numbers, and that the tools to address these impacts are still insufficient.

Golden Finance reports that Bank of America strategists Mark Cabana and Katie Craig pointed out in a report that because the amount of reserves the Federal Reserve needs to fill exceeds its current planned bond purchases, money market rates may not return to more normal levels until December 2026.

Moody's releases a new stablecoin rating framework, emphasizing the credit quality and risk assessment of reserve assets. It points out that stablecoins pegged 1:1 to the US dollar may have different ratings due to differences in reserve asset types. The rating process includes assessing the credit quality and market value risk of assets, as well as ensuring that reserve assets are effectively segregated from other business activities.

US White House AI Advisor Sachs Defends Trump's Restrictions on State AI Regulation, Saying the Move Aims to Reduce Business Compliance Burden. He Believes a Unified Federal Regulatory Framework Is Needed to Support Small Businesses and Innovators.

Foresight News现场报道, Cryptocurrency financial services company Abra CEO Bill Barhydt announced at the Solana Breakpoint conference the launch of AbraFi, a synthetic asset tokenization platform based on Solana. AbraFi will be released to the public in the form of a DAO, not owned by Abra Inc. Governance token AFI holders will receive a majority of the protocol's revenue share and have governance rights over the product mechanism. The first product of AbraFi is a synthetic US dollar.

Odaily Planet Daily reported that the S&P 500 Index closed at a new all-time high again on Thursday. While this is not uncommon in 2025, it has been six weeks since the last record was broken. Ed Clissold, Chief US Strategist at Ned Davis Research, said, “Considering that US companies continue to deliver strong earnings reports, and the US economy has proven to be resilient, the current market sentiment is far from euphoric, which means there is still room for further gains by the end of the year and into early next year.” Noticing that investor enthusiasm is not only subdued at Ned Davis Research, even though the stock market is at an all-time high. Barclays’ “Stock Market Euphoria Indicator” has stabilized but remains well below its early October peak, indicating that the market still has “dry gunpowder” to drive potential year-end gains. (Jinshi)

Odaily Planet Daily News: The Federal Reserve signaled this week its openness to continue cutting interest rates in 2026, which was welcomed by investors. The market had previously prepared for the central bank to implement "hawkish rate cuts," i.e., lowering the benchmark federal funds rate, while also strongly indicating a reluctance to make further adjustments. The US stock market rose along with bonds, with the Dow Jones Industrial Average climbing nearly 650 points (1.3%) on Thursday, reaching a new all-time high. Despite internal disagreements within the Fed and the release of complex signals on Wednesday, many still see signs that even a slight further softening of the labor market could prompt the central bank to cut rates again in the coming months. The Fed announced it will expand its balance sheet by purchasing short-term government bonds, an initiative aimed at easing recent pressures in the overnight lending market, which also reassured investors. Investors expect that the Fed will be very different next year, and Trump has already begun to target this week.

This article summarizes cryptocurrency news as of December 12, 2025, including the latest updates on Bitcoin, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include: 1. The US SEC allows DTCC to custody and recognize tokenized stocks and other RWA assets on the blockchain 2. Hex Trust will issue and custody wXRP to expand its DeFi applications across multiple blockchains 3. The Solana ecosystem's MEV-based liquidity staking reward protocol Toby will launch a token

Gate News Bot Message, December 12 - According to CoinMarketCap data, as of press time, US (Talus Network) is trading at $0.02, up 33.96% in the past 24 hours, with a high of $0.03 and a low of $0.01. The current market cap is approximately $45.2 million, an increase of $11.4 million from yesterday. Talus Network is an ecosystem of blockchain infrastructure and AI agent platforms, offering services including the Nexus framework, IDOL.fun Agent vs Agent gaming platform, AI Agent launchpad and tokenization platform, Talus Vision no-code agent builder, and more. It aims to promote the development and application of decentralized AI agents.

On Thursday, the US stock market retreated, with Oracle's stock price plunging over 11%, marking the largest drop in nearly a year. The market is once again worried that the rapid growth of artificial intelligence (AI)-related capital expenditures, which far exceeds actual returns, could put pressure on the balance sheets of tech giants. In contrast, the cryptocurrency market performed relatively stably, forming a mild decoupling from the weak performance of tech stocks. Data shows that Bitcoin (BTC) has rebounded above $92,000, maintaining a slight upward trend after holding onto key support levels, rising approximately 2.6% for the day. Traders are more focused on the maintenance of trend structure, with capital flowing into large-cap assets and risk appetite remaining cautious. Ethereum (ETH) also rose to around $3,260, while SOL increased by over 6%, outperforming mainstream assets and indicating a market recovery in demand for high-volatility Layer-1 tokens.

ChainCatcher news reports that, according to Jinta News, the first Abu Dhabi bank analyst stated in a report that the interest rate outlook in the United States over the next few months has reached a critical turning point. They pointed out that global markets need to prepare for a range of possible outcomes. The bank expects that the Federal Reserve's additional rate cuts by 2026 will not exceed 50 basis points, and the overall interest rate trend for the year will mainly depend on inflation trends, labor market performance, and the development of internal and external policy risks.

Gate News Bot message, December 12th, according to CoinMarketCap data, as of press time, USUAL (Usual) is currently priced at $0.03, up 16.19% in the last 24 hours, with a high of $0.03 and a low of $0.02. The current market capitalization is approximately $43.2 million, an increase of $6.02 million from yesterday. Usual is a decentralized protocol dedicated to building a distributed banking system. Its issuance of fiat-backed stablecoins supported by real assets (RWA) combines the security of real assets with the composability and liquidity of DeFi. The protocol returns ownership and governance rights to users through the USUAL token. Usual's core products include USD0 stablecoin—a RWA stablecoin fully backed by US short-term government bonds—and USD0++—the liquid staking version of USD0, which provides

Gate News Bot Message, December 12 — According to CoinMarketCap data, as of press time, ICNT (Impossible Cloud Network) is trading at $0.35, up 39.07% in the past 24 hours. The highest reached $0.36, and the lowest dropped to $0.23. The 24-hour trading volume is $11.4 million. The current market capitalization is approximately $59.3 million, an increase of $1.67 million from yesterday. Impossible Cloud Network (ICN) is a global bare-metal AI infrastructure network dedicated to providing high-performance, low-cost cloud computing solutions for enterprise AI applications. The network has been deployed in key global markets including Europe, the US, and Asia, offering instant access to enterprise-ready AI infrastructure. ICN's ecosystem generates an annual revenue of $7 million and provides

ChainCatcher消息，据金十报道，丰业银行团队表示，今年以来，美元对多数货币走低，但这发生在多年上涨之后。分析师肖恩·奥斯本和埃里克·泰奥雷认为，美元将普遍走弱，预计这一趋势将持续至 2026 年并延续到 2027 年。丰业银行预计美联储将在 2026 年上半年将目标利率降至 3%。

The US SEC issues a "No-Action Letter" to DTCC, allowing it to custody and settle tokenized stocks, bonds, and treasuries on the blockchain, providing unprecedented market opportunities for decentralized exchanges (DEXs) to absorb upcoming tokenized liquidity. Nomina co-founder Austin King posted on X: "DTCC is custodying assets worth $99 trillion. Today, they received a no-action letter from the U.S. Securities and Exchange Commission (SEC) regarding their stock tokenization and ETF. I don't know why, but I haven't seen anyone discuss the obvious overlap with decentralized exchanges (DEXs). A key point that is often overlooked is that DTCC itself is not an exchange. It is a custodian. What does that mean?"

The overall cryptocurrency market slightly increased, with Layer2 rising 1.66%. Merlin Chain increased by 4.99%, Bitcoin rose 1.37% to 92,000, and Ethereum in the US slightly declined. Other sectors such as Meme, Layer1, and DeFi all saw gains, with Zcash surging by 17.85%.

OpenAI officially releases the new generation large language model GPT-5.2 today, marking the company's further acceleration in expanding into enterprise application scenarios, upgrading ChatGPT from a consumer tool to an enterprise productivity engine. The new model emphasizes faster speed, greater stability, and the ability to handle complex tasks, integrate multi-step workflows, and execute professional workstreams. With major partners such as the US government and Disney joining, OpenAI's business layout is rapidly expanding. OpenAI states that the core goal of GPT-5.2 is to "create greater economic value," with significant enhancements in spreadsheet processing, presentation generation, code writing, visual recognition, long-context understanding, and tool invocation. To validate these capabilities, the company has introduced a proprietary evaluation system called GDPval, which simulates 44 different professional tasks to assess model performance. According to reports, GPT-5.2 achieves or surpasses human professional levels in approximately 71% of tests. While the external community is still awaiting independent review, this data has garnered widespread industry attention.

The Depository Trust Company (DTC) has received a no-objection letter from the U.S. Securities and Exchange Commission and plans to launch real-world asset tokenization services in the second half of 2026, covering highly liquid assets, with a three-year service period on the blockchain.