#数字资产市场洞察 【Year-End Crypto Market Highlights】

Good news comes from the energy sector—a large energy company's stock price has risen due to signing a major LNG contract with Qatar (contract amounting to $3.1 billion), which also reflects the activity level of the global energy market.

At the regulatory level, the Bank of Canada has begun to formulate a regulatory framework for stablecoins by 2026, laying the foundation for the compliance of on-chain payment systems.

The precious metals market is heating up. Driven by the escalating geopolitical situation and market expectations for the Federal Reserve to cut interest rates next year, the price of gold has reached a new high, breaking through $4,380 per ounce. Meanwhile, Bitcoin's status as "digital gold" is also attracting attention.

The Bitcoin options market is reaching a critical juncture—approximately $23 billion in options contracts will expire next Friday, and the unwinding of this massive position could further exacerbate market volatility. This test before the end of the year is worth close attention.

In terms of the DeFi ecosystem, the CEO of a certain on-chain financial platform has thrown out the argument that "DeFi is dead," claiming that the on-chain market will eventually devour traditional Wall Street. Although the viewpoint is extreme, it also reflects the fact that on-chain trading volume and user base are continuously growing.

In terms of tokens, a "fee switch" proposal from a top DEX received 99% voting support, and the token burn system has officially moved towards reality, which will directly impact the supply model of the ecosystem token. In contrast, $XRP has shown weakness after failing multiple times to break through the $1.95 level.

In terms of central bank views, a Federal Reserve official from a certain region in the U.S. recently expressed support for pausing interest rate cuts, which contrasts with the market's previous expectations of continued easing from the Federal Reserve.

In addition, the security risks posed by quantum computing to Bitcoin have been mentioned again by the market, becoming a technical risk point that long-term investors need to pay attention to.